The phone hacking scandal that has plagued the U.K. and gripped the attention of the world could really come home here in the U.S. now. News Corp is an American corporation, and while the entire hacking scandal has been solely in the U.K. (as far as we know), the U.S. does have laws against what […]
So a “best year” means having an oil rig explode, which cost 11 people their lives and lead to the biggest oil spill in American history? Transocean Ltd. gave its top executives bonuses for achieving the “best year in safety performance in our company’s history” — despite the explosion of its oil rig that […]
For those that have never heard of Sam and Charles Wyly, well here’s all you really need to know. They are huge donors to conservative candidates and causes and were some of the major funding for the Swiftboat Vets. Well and this – now they are accused of over $550 million in insider trading by […]
So this morning I read this interesting article: Republicans are stepping up their criticism of the Securities and Exchange Commission following reports that senior agency staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation’s financial system. California Rep. Darrell Issa, the top Republican on the House […]
The employer of Phil Gramm, the very man who championed to get rid of banking regulations and served as an economic adviser to the McCain Campaign, has been busted: UBS AG, Switzerland’s largest bank, will pay $780 million to avoid U.S. prosecution and settle regulatory claims that it helped thousands of wealthy Americans use Swiss […]
While people are losing their homes, the CEO of Country Wide is getting ready for a big payday: Angelo Mozilo, the co-founder and public face of troubled mortgage giant Countrywide, is eligible for tens if not hundreds of millions in compensation and perks on the sale of the company to Bank of America. During calendar […]
The culture of corruption expands: Federal officials are probing scathing allegations that the Romney administration falsely claimed to conduct safety inspections in the Big Dig tunnel that collapsed and killed a woman in July. The Securities and Exchange Commission is zeroing in on state financial documents from 2005 – cited in a new report by […]
This is great news: Diebold Inc. , one of the world’s largest makers of automated teller and electronic voting machines, on Tuesday said staff at the U.S. Securities and Exchange Commission have begun an informal inquiry into how the company recognizes revenue. North Canton, Ohio-based Diebold said it learned recently about the SEC inquiry and […]
Looks like trouble could be compounding for Bill Frist according to this article which appears today in the Washington Post: Senate Majority Leader Bill Frist (R-Tenn.) has been subpoenaed to turn over personal records and documents as federal authorities step up a probe of his July sales of HCA Inc. stock, according to sources familiar […]
The Securities and Exchange Commission has launched a full blown investigation into HCA, Bill Frist’s family medical business. This of course leads to more possible legal problems for Republican Leadership on Capital Hill. Raw Story has also uncovered some disturbing history into the operations of HCA. Seems like this isn’t the first time they have […]