Added by Sweettina2 on May 3, 2010 at 12:11am — 2 Comments
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By Matt Apuzzo ASSOCIATED PRESS
Wall Street financial firms weren't the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The
government also was handing out millions of dollars to bank regulators,
rewarding "superior" work even as an avalanche of risky mortgages
helped create the meltdown.
The payments, detailed in payroll data released to the Associated Press under the Freedom of Information…
ContinueAdded by Sweettina2 on May 1, 2010 at 1:49am — No Comments
NEW YORK (The Borowitz Report) - In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a
substantial financial bet against the Gulf of Mexico" one day before
the sinking of an oil rig in that body of water.
The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he…
ContinueAdded by Sweettina2 on May 1, 2010 at 1:42am — 4 Comments
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Source: Zero Hedge
Where does it end? 100 billion? 1 trillion? 1 quadrillion? And yes America, this is your money, going to bail out Greece... Then Portugal... Then Ukraine....Then Dubai....Then Italy....Then Spain....Then Hungary....Then the
Baltics...Then the UK....Then Japan... and by the time we have…
Added by Sweettina2 on May 1, 2010 at 12:31am — 2 Comments
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