As Hedge Fund Managers Rake In Record Pay Obama’s Economic Advisor Attacks Piketty

By: Monday May 12, 2014 10:29 am

2013 was a great year for high-tier hedge fund managers, even ones who pled guilty to securities fraud. The 25 highest paid hedge fund managers made over $21 billion in 2013, more than twice as much as all the kindergarten teachers in America combined. Whether those 25 men provided as great a benefit to our country [...]

As Polls Show Little Support For Involvement In Ukraine; Neocons Call For New Cold War

By: Wednesday March 26, 2014 6:01 am

If you don't think we must become a bit like Putin – tougher, harder, less inclined to magical thinking – to deter him, you're very naive. — John Schindler (@20committee) March 25, 2014 According to a public opinion poll by CBS News a solid majority of Americans want nothing to do with Ukraine. They believe [...]

SAC Capital Indicted, Pleads Not Guilty To Insider Trading Charges

By: Friday July 26, 2013 10:23 am

SAC Capital has been formally indicted for insider trading and called a “magnet for market cheating” by federal prosecutors who said the firm had engaged in illegal securities trading from 1999 to 2010. While SAC Capital faced charges, its leader and principal beneficiary, Steve Cohen, was not charged. The 41-page indictment and prosecutors depicted a [...]

SAC Capital To Face Criminal Charges

By: Wednesday July 24, 2013 10:38 am

While the Bush and Obama Administrations let Wall Street slide for causing the 2008 financial crisis and fraudulent foreclosure activities afterward, one hedge fund may finally face charges after years of questionable conduct. SAC Capital, led by billionaire Steve Cohen, has been under investigation for insider trading for a good deal of its history, now [...]

Steve Cohen Escapes Jail Time Pays $600 Million For Insider Trading Crimes

By: Friday March 22, 2013 5:57 am

The Teflon Trader slips away again. For those who don’t know, Steve Cohen of SAC Capital, number 36 on Forbes’ Richest Americans list, has been under investigation for a good deal of his career. The suspicion is always the same, insider trading. And now Cohen’s firm is part of a settlement to pay $600 million [...]

State Department IG Investigation of Keystone XL Pipeline Could Halt Approval Process

By: Tuesday November 8, 2011 9:35 am

The news that the State Department Inspector General will investigate the process involving State’s environmental impact study on the Keystone XL pipeline that allegedly was the product of a massive conflict of interest throws a significant spanner in the gears moving to get the pipeline approved. With an open investigation, it would simply be difficult [...]

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