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Corruption

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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Nuns vs. Goldman Sachs on pay

April 6th, 2011  |  Source: FierceFinance.com

Catholic nuns have made themselves a force in the worldly realm of shareholder activism. In recent years, they have sponsored resolutions at a number of companies, including Citigroup and Goldman Sachs. Now, four order of nuns--The Sisters of Saint Joseph of Boston, Sisters of Notre Dame de Namur, the Sisters of St Francis of Philadelphia and the Benedictine Sisters of Mt Angel, who are all investors in Goldman Sachs--are outraged that the bank's board has decided to pay the top executives so well, reports The Guardian.


Greenspan is wrong: we can reform finance

April 4th, 2011  |  Source: FT.com

By Barney Frank

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The Dark Underbelly of Finance

March 22nd, 2011  |  Source: Project Syndicate

 

If you thought that America’s financial sector had gotten enough of bad publicity, think again. The insider-trading trial of Raj Rajaratnam, a billionaire hedge-fund manager, has now begun. It is likely to provide an especially lurid exposé of the corrupt underbelly of the financial world.

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Money laundering scandal could finish off carbon trading

March 4th, 2011  |  Source: Globe-net.com

The EU's Emissions Trading Scheme (ETS) is the ideal environment for laundering money - and if such a scandal emerges, it will mean the end of the cap-and-trade programme, a leading investment banker has warned.  

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Meet the World's Richest Minister of Agriculture and Forestry

March 4th, 2011  |  Source: Foreign Policy

Teodorin's World: Playboy bunnies. $2 million Bugattis. Bags full of cash. Meet the world's richest minister of agriculture and forestry.

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Under the Microscope: AIG's Second Chance

March 3rd, 2011  |  Source: K@W

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