Group Think, Duct Tape and Slam Dunks
Wall Street
Banks Keeping Mum on TARP Bailout Funds; Only Morgan Stanley Coming Clean
Morgan Stanley Is One Bank That Cites a Loan From TARP Money Other Financial Banks Including Goldman Sachs and CitiGroup Keep Mum on How They Are Using TARP Cash By CHARLES HERMAN, DAN ARNALL, LAUREN PEARLE and ZUNAIRA ZAKI ABC NEWS Dec. 17, 2008— Banks that were rescued with billions of dollars in public funds […]
MoreBillions in Drug and Organized Crime ‘Dirty Money’ Funneled Into Bernie Madoff’s Operation
WASHINGTON, Feb. 4, 2009 (CBS) By CBS News chief investigative correspondent Armen Keteyian and Investigative Producer Laura Stricker. On Capitol Hill Wednesday, the financial analyst who first blew the whistle on Bernie Madoff back in 2000 went public for the first time, stunning lawmakers with the full scope of the $50 billion fraud. CBS News […]
MoreGoldman Sachs Tax Rate Drops to 1%- From 6 Billion to 14 Million
By Christine Harper Dec. 16 (Bloomberg) Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007. The company’s effective income tax rate dropped to 1 percent from 34.1 percent, New York-based Goldman […]
MoreSEC Under Scrutiny in Madoff Case
Senator: The SEC “Letting Down the American People” ABC NEWS By BRIAN ROSS and RICHARD ESPOSITO Dec. 15, 2008— As the list of victims continues to grow and investigators examine how Bernard Madoff allegedly ran his massive scam, some are questioning how Madoff avoided detection for so long. As a registered investment advisor since 2006, […]
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