Monday
Apr012013
Apr 1, 2013 at 2:30 AM
Ready. Set. Fraud. The rule of law is dead in Europe.
Friday
Mar292013
ATTENTION HOUSTON: We Have A Perp Walk
Peep the perp walk for SAC's Michael Steinberg.
SAC trader Michael Steinberg arrested and charged with fraud. Full story inside.
Friday
Mar292013
Freddie Mac Sues JPM, BofA For Billions In Libor Losses
- Freddie Mac Sues Bank of America, JPM For Billions In Libor Losses
- ICELAND BANK FRAUD -- Nine people indicted in largest fraud in history
- Senate DEMs vote to repeal Obamacare tax they passed just 2 years ago
- Britain To Be Downgraded Again From AAA Rating - Fitch
- U.S. gets D+ on infrastructure report card - CBS News
- Jeb Bush says he admires George for ‘not responding to Obama’ since he left office
- Iceland's Lost Billionaires
- BlackBerry Inventor Starts Fund to Make Star Trek Device A Reality
- TSA humiliates double-amputee Marine
- Is New Zealand Next -- A Push To Adopt A Cyprus Solution
- Congressional Report: Obamacare Leads to Skyrocketing Premiums, 200% Possible
- NAFTA at 20: The New Spin
- South Korean banks and media hacked by North Korea?
- Exclusive: No More Drones For CIA - The Daily Beast
- Obama's limo breaks down in Israel: Eight amazing facts about 'the Beast'
- 'Black Dragon' jailed for 3 years for hacking the UN to steal carbon credits
Much more inside, including video.
Friday
Mar292013
Buffett Strikes Gold: No Cash For $1.5B In Goldman Stock
The deal taxpayers should have negotiated with TARP.
Uncle Warren's 2008 investment in Goldman Sachs pays off handsomely. More proof that Geithner, Paulson, Kashkari and the entire team at Treasury and the New York Fed were blatantly poor negotiators. But lest we forget, that was the plan all along.
Thursday
Mar282013
Stevie Cohen Pays $155M For Damaged Picasso 'Le Reve'
Picasso's mistress.
Remember a few years back when casino mogul Steve Wynn punched a hole through a Picasso masterpiece with his elbow? Hedge fund manager Steven Cohen just bought it for $155 million.
Maybe she will keep Stevie company in prison.
Thursday
Mar282013
"The Most Lucrative Insider Trading Scheme In U.S. History"
"Mathew Martoma and his hedge fund benefitted from what might be the most lucrative insider tip of all time."
Martoma worked for SAC's Stevie Cohen.
Thursday
Mar282013
Thursday
Mar282013
GASPARINO: How To Nail Stevie Cohen
Feds pressure Martoma to flip on Steven Cohen.
Charlie Gasparino and former FBI special agent Mark Rossini break down the details of the most lucrative insider-trading case in U.S. history.
Thursday
Mar282013
Congressman: Why Does Obama Need 1.6 Billion Bullets?
Their most recent purchase request is for ten million rounds of hollow point bullets, which are forbidden by international law for use in war, for a 40 caliber pistol, another ten million rounds for a 9 millimeter, plus 1.6 million pistol cartridge 9mm "ball" bullets. And that’s just this year.
Last March, DHS bought 450 million bullets and in September, another 200 million. That's in addition to the 1.6 billion rounds the government has recently ordered.
During the height of the Iraq War, U.S. soldiers used about five and a half million rounds of ammunition every month. If you do the math here, that means Homeland Security has enough bullets to wage a full scale war for the next 30 years. DHS says the bullets are needed for training, but Richard Mason is doubtful. "We never trained with hollow point bullets, we didn't even see hollow points my entire four and a half years in the Marine Corps. Why would they need all that ammo, why would the need all those ball rounds just for training?"
DHS also has purchased 7,000 fully automatic assault rifles, and it has overseen the retrofitting of more than 2,000 light tanks, which, of course, were originally designed to resist the mines and ambushes of the battlefield.
Wednesday
Mar272013
Moynihan: We're Doing God's Work At Bank Of America
Holy shite. Moynihan makes the Blankfein mistake.
Preview for tonight's Charlie Rose.