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Corruption

A controversial short selling star is born: Muddy Waters

June 8th, 2011  |  Source: FierceFinance.com

Muddy Waters, a little known short-selling research and investing outfit in Hong Kong, has had a field day identifying Chinese companies that its founder Carson Block thinks are frauds. 

Block's list of victims include Rino International and China MediaExpress, both of which were delisted after the research appeared. Muddy Waters is likely getting lots of interest from fellow short sellers right now, especially those who are bearish on all those Chinese reverse mergers which are now in the middle of so much controversy.


Study: Congressmen trading on non-public info

May 31st, 2011  |  Source: FierceFinance.com

 

Say it ain't so, please!

Members of Congress  could not possibly be enriching themselves by trading illegally on inside information? Correct?

Well, one study published by Business and Politics--the work of several university professors--has found that members of the House Representatives have been able to beat the market substantially over the last nine Congressional sessions.

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Who gets Qaddafi's cash? African nations crushed by wars he funded want some.

May 30th, 2011  |  Source: CS Monitor

Libyan leader Muammar Qaddafi trained and funded men - like Charles Taylor - whose reigns of terror in Liberia and Sierra Leone led to the death of hundreds of thousands of West Africans.

Western governments have seized more than $30 billion of Col. Muammar Qaddafi’s assets since the Libyan leader launched the first attacks against his own citizens in February.

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The People vs. Goldman Sachs

May 15th, 2011  |  Source: Rolling Stone

A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

They weren't murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.

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The Death of Reputation on Wall Street

April 28th, 2011  |  Source: FierceFinance.co

New York Times columnist weighs in with a provocative thesis about Wall Street firms and personal accountability. He suggests "reputation is dead on Wall Street." With that passing, the traditional source of personal accountability has also passed.

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Fracking Hell

April 18th, 2011  |  Source: NYT.com

Oil and gas companies injected hundreds of millions of gallons of hazardous or carcinogenic chemicals into wells in more than 13 states from 2005 to 2009, according to an investigation by Congressional Democrats.


GE shareholders not laughing

April 14th, 2011  |  Source: MarketWatch.com

Prank knocks $3.5 billion off GE’s market cap

As far as hoaxes go, it was hilarious. Unless you got caught on the wrong side of the trade.


The Real Housewives of Wall Street

April 12th, 2011  |  Source: Rolling Stone

Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?

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The Wall Street Mind: Anxious...

April 11th, 2011  |  Source: New York Magazine

Now they’re getting paid … But where will the next big paydays come from?

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