Senior officials at mortgage and investment banks freely engaged in accounting fraud as regulators failed to do their jobs, says William Black
BusinessWeek.com — Finance
The two parties are having a heated debate over the Republican plan to slice $ 61 billion off Uncle Sam’s projected $ 3.6 trillion budget. If the Republicans get their way, the deficit will fall from 9.5 percent of gross domestic product to 9.1 percent. If they don’t, they’ll probably shut the government for a couple of days. Then they’ll compromise on, say, a $ 40 billion budget cut, having proved they gave it their best shot.
BusinessWeek.com — Finance
More than 300 workers are racing to prevent a meltdown and spread of radiation at the crippled Fukushima Dai-Ichi power station today, an increase from a group of 50 engineers yesterday.
BusinessWeek.com — Finance
Low interest rates have helped defuse the option ARM time bomb
BusinessWeek.com — Finance
Meredith Whitney’s forecast for municipal bond defaults in 2011 is possibly the most overreaching of her career
BusinessWeek.com — Finance
This video was inspired by the bizarre sequence of events on the Street in 2007. The use of Billy Joel’s “We Didn’t Start the Fire” came from a hilarious internet parody song “Here Comes Another Bubble” by the Richter Scales (available on YouTube). They did such a good job, I thought Wall Streeters everywhere deserved a parody of their own. This version does not have anywhere near the same sophisticated flash software but here it goes. The video was produced for non-commercial amusement purposes only and is not intended to offend any people, companies or countries appearing in the video.
Video Rating: 4 / 5
Bankers vs. Consultants. www.amazon.com — get the book by Leveraged Sell-Out. An LSO and Portal-A Production. www.leveragedsellout.com lyrics @ http mp3 @ www.zshare.net
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