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The Big Picture details

Listing ID: 1053

Title: The Big Picture

Description: Insightful calls on the direction of the stock market.

CategoryBusiness : Economics

Owner:

listed on: June 16, 2008 06:03:29 PM

Number Hits: 1 times

Recent Posts:

Hank Paulson: Blame it on FHA/GSEs - Fri, 30 Jul 2010 10:58:42 +0000
Hank Paulson, the criminally inept Treasury Secretary who shoveled trillions of taxpayer dollars to insolvent banks, and facilitated the grand theft of some near $20 billion dollars from AIG to Goldman Sachs (where he was previously CEO), is now trying to rewrite history.In today’s Washington Post piece, Paulson ignores facts and rewrites history, fabricating the [...]

Wyly Brothers: SEC Complaint on $550 Million Fraud - Fri, 30 Jul 2010 01:08:47 +0000
This might generate a bit of buzz tomorrow via the FT:  Wyly brothers accused of MASSIVE insider scandal (how is it that the FT scoops US papers?):This is pretty big:SEC IndictmentSEC AnnouncementHere’s the key paragraphs:“The Wyly brothers reaped more than $550 million in undisclosed gains while sitting on corporate boards by trading stock [...]

SEC Charges Wyly Brothers With Massive Fraud - Fri, 30 Jul 2010 00:49:11 +0000
Complaint below, press release after the jumpSEC Indictment Wyly BrothersHat tip Scott F!SEC Charges Corporate Insider Brothers With FraudFOR IMMEDIATE RELEASE2010-137“The cloak of secrecy has been lifted from the complex web of foreign structures used by the Wylys to evade the securities laws. … ”Lorin L. ReisnerDeputy DirectorSEC EnforcementWashington, D.C., July 29, 2010 [...]