Revisiting the Wikileaks Stratfor trove, we get an inkling of how politics work in America, circa 2008. An internal email exchange at the intelligence front operation (with honest to god CIA cronies) reveals vote fraud in Ohio and Philadelphia during the election. Obama’s use of thugs to inti... Read more...
Hacker group Anonymous (aka OperationLeaks on Twitter) just released what they say is a trove of damning documents on Bank of America. You can find them here: bankofamericasuck.com Remember, at this point, we can't verify whether they are legitimate or not, but Gawker's Adrien Chen, who has sour... Read more...
Following rumors of a “bank holiday” that could limit or prevent altogether cash withdrawals later this week, Twitter and other Internet forums were raging yesterday about numerous ATMs across the country that crashed in the early hours of Sunday morning, preventing customers from performing b... Read more...
A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion mun... Read more...
The Dow plunged Thursday amid buzz in the market that European banks have halted lending. One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now. "This i... Read more...
WASHINGTON (CNNMoney.com) -- As lawmakers start trickling back to Washington next week, a panel tasked with investigating the financial crisis is set to make its first big splash. The Financial Crisis Inquiry Commission, a 10-member panel appointed last summer by Congress, will hold public hear... Read more...
6. Goldman Sachs CEO: Lloyd Blankfein 2007 compensation: $70 million 2008 compensation: $1.1 million 9-month compensation pool: $16.7 billion Workers: 31,700 Average compensation: $526,813 Loans, 2009 vs. 2008*: $41.6 billion vs. 41 billion (1.5%) 5. Morgan Stanley CEO: John Mack (who is s... Read more...
Editor's Note: Not a direct quote^^ NEW YORK (CNNMoney.com) -- Bank of America said late Wednesday it planned to return the entire $45 billion in bailout money it received from the government over the past year. The move would allow Bank of America, the nation's largest lender, to wriggle free f... Read more...