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Goldman Sachs Got Off Easy
Goldman got to keep 100% of what it really wanted, namely the ability to cling to its claim that if did nothing wrong. It did acknowledge a “mistake” for not telling CDO buyers that hedge fund...
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Is ShoreBank Sheila Bair's Baby?
The deadline for ShoreBank to come up with sufficient outside capital has been extended again, with the Federal Reserve saying more than $150 million from the likes of Goldman Sachs and Citigroup and...
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Can Chicago Lobbying Save ShoreBank?
Probably not. Seems like the more that presidentially-prizedShoreBank gets extensions from private financial institutions (Goldman Sachs, Citigroup, etc.) and from its federal regulators (the FDIC and...
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FDIC Seizes ShoreBank; Installs Management in New Bank
On Friday the Federal Deposit Insurance Corporation momentarily took over politically-connected ShoreBank, just long enough to relieve it of some of its woes and then turn it back over to the same...
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Did Green ShoreBank Escape Bankruptcy Because of Politics?
It's been a week since the Federal Deposit Insurance Corporation swept away ShoreBank's bad assets (cost: $367.7 million), changed its name to Urban Partnership Bank, and left it largely in the hands...
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Corporate CEOs Must Heed Election Results, Too
The electorate’s repudiation of Barack Obama and his Congressional allies was not only a rejection of Big Government, but also of business elites who were buffeted from the downturn by political...
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Why Goldman Sachs (and Warren Buffett) Always Win
Last week's stock market turmoil was a reminder that America continues to struggle to recover from the financial collapse of 2008-2009. Benchmarks of our economic progress, or lack of it, are over 40...
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The Protestors ALREADY Occupy Wall Street
Are the anti-Wall Street protestors demonstrating against themselves? The richest and most prominent Wall Street executives overwhelmingly supported and bankrolled Barack Obama's presidential campaign...
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The MF Global Collapse Explained (And Why It Should Be a Crime)
Anybody using the financial services industry puts their faith and trust in a whole lot of people they have never seen or ever will. We all rely on regulators and regulations that are instituted by...
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Integrity of Fisker Capital Funding is Questioned
How did a start-up electric car company that raised more than $1 billion suddenly fail to meet government-lending standards, to the point where it can no longer draw on an awarded Department of Energy...
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The Proposal Goldman Sachs Didn't Want Shareholders to See
The Securities and Exchange Commission recently notified us that it will allow Goldman Sachs to exclude our shareholder proposal that asks for a report on the company's lobbying priorities. The basis...
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Critic: Tesla HAD to Repay Its Dept of Energy Loan to Avoid Default
When it comes to Tesla Motors, an irrational exuberance has overtaken Wall Street, the Department of Energy, electric car advocates, government interventionists, crony capitalists, techie nerds and...
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Risky Business: The Best Global Warming Alarmism Money Can Buy
It’s been a month since the billionaire triumvirate of Tom Steyer (pictured), Henry Paulson and Michael Bloomberg introduced their ballyhooed Risky Business report on the climate, and after all the...
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Paulson Shovels More Alarmist Manure at NYC Climate Confab
Global warming is the current issue that will be forgotten again next week, but while the watermelons demonstrated in New York City where President Obama spoke at the Climate Summit at the United...
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Corporations Pledge Fealty to Obama Global Warming Agenda
The planet is in a nearly two-decade global warming standstill; an Arctic research expedition to study warm was halted due to too much ice; polar bear habitat is healthy; another quiet hurricane season...
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