“A lot of Americans didn’t agree with giving General Motors a second chance,” says General Motors Chairman and CEO Ed Whitacer in the opening moments of a new television commercial (below) the government-owned automaker began airing Wednesday. Now things have gone from bad to worse as one U.S. senator is questioning the claim Whitacre makes [...]
Despite GM Ad Claim, Taxpayers Still on Hook
April 23rd, 2010 · 1 Comment
Tags: · charles grassley, Congress, Despite GM Ad Claim Taxpayers Still on Hook, ed whitacre, form 8k, general motors, general motors chairman and ceo ed whitacre, gm, gm ad, gm ad claim, gm television commercial, gm's debt repayments, government motors, neil barofsky, repaid our government loan, sec, selling cars, sen. charles grassley, special inspector general for tarp, tarp, tarp funds, tarp loans, taxpayers
What Does Allen Stanford Have in Common with Amazon Defense Coalition? Lobbyist Ben Barnes
June 19th, 2009 · 4 Comments
Just when I thought things couldn’t get any shadier, I’ve learned that the lobbyist now representing the Amazon Defense Coalition (via Kohn Swift & Graf, P.C.) in its $27 billion lawsuit against San Ramon, Calif.-based Chevron Corporation is the same man who represented Stanford Financial Group and its now-indicted founder R. Allen Stanford between 2002 [...]
Tags: · 27 billion, 8 billion, adc, allen stanford, amazon, amazon defense coalition, ben barnes, Bill Clinton, chevron, chevron corporation, clerk of the house, Clinton, donziger, ecuador, ecuador-based nonprofit, ecuadoran court, ecuadoran judge, elephant in the room, forbes, forbes magazine, foreign entity, House of Representatives, houston chronicle, I did not have sexual relations with that woman, investment fraud, kohn swift and graf, kohn swift and graf pc, lobbying, lobbying disclosure, lobbying disclosure database, lobbying disclosure report, lobbyist ben barnes, Los Angeles Times, naked emperor, philadelphia law firm, President Bill Clinton, r allen stanford, sec, sec regulators, standford financial, stanford, stanford financial group, steven r donziger, U.S. House of Representatives
Madoff Pleads Guilty, Goes to Jail Without Bail
March 12th, 2009 · No Comments
Bernard L. Madoff pleaded guilty in Manhattan federal court to 11 felony counts related to a massive, $64 billion Ponzi scheme that could land him 150 years in prison. Madoff pleaded guilty before U.S. District Judge Denny Chin to securities fraud, investment adviser fraud, mail fraud, wire fraud, three counts of money laundering, false statements, [...]
Tags: · banks, bernard l. bernie madoff, bernard l. madoff, bernie madoff, denny chin, department of justice, ebay, employee benefit plan, judge denny chin, limited-edition bernie madoff bust bank, madoff, madoff bust bank, madoff charges, madoff in custody, madoff pleads guilty, madoff sentencing, manhattan federal court, ponzi, ponzi scheme, sec, securities and exchange commission, theft, wire fraud
Is Big Three Bailout Plan Another ‘Ponzi’ Scheme?
December 15th, 2008 · No Comments
It’s understandable if some Americans find themselves confused as they try to understand the financial headlines making news this morning: An enormous “Ponzi” scheme, allegedly perpetrated by a long-trusted Wall Street legend and former chairman of the NASDAQ, continues to make headlines since becoming public four days ago. Other news articles focus on the possibility [...]
Tags: · aig, andrew m. grossman, automakers, bailout scheme, banks, bear stearns, bernard l. madoff, bernard madoff, big three, big three automakers, big three bail out, big three bailout, big three bailout plan, bridge loan, bridge loan to nowhere, Bush, Bush Administration, car companies, charitable organizations, citigroup, Congress, detroit, fannie mae, financial markets, Financial Times, freddie mac, hedge funds, Heritage Foundation, individual investors, investment fraud, joseph stiglitz, madoff, nasdaq, Nobel Prize, ponzi, ponzi scheme, President George W. Bush, rob peter to pay paul, sec, securities and exchange commission, tarp, treasury department, troubled asset relief program, u.s. auto industry, Wall Street, Wall Street Journal
Treasury Secretary Addresses Crisis in Markets
September 19th, 2008 · 4 Comments
Offering the basis for what might one day become a reality television show, Treasury Secretary Henry M. Paulson Jr. delivered “Extreme Makeover: Financial Markets Edition,” the name I apply to the statement he delivered in Washington, D.C., this morning: “Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy [...]
Tags: · aig, american international group, Ben Bernanke, chris cox, Congress, Economy, Extreme Makeover, extreme makeover: financial markets edition, fannie mae, Federal Reserve, federal reserve chairman, financial markets, financial security, financial system, freddie mac, illiquid assets, lehman, lehman brothers, money market, mortgage assets, mortgage-backed securities, mutual fund, paulson statement, sec, sec chairman, talk like a pirate day, taxpayers, treasury secretary, treasury secretary paulson
