Political question about Obama appointee and GE CEO Jeffrey Immelt?

Should a man that leads a company involved in accounting fraud be a member of Obama’s Economic Recovery Advisory Board or a class B director of the Federal Reserve Bank of New York? Since 2001, the company kept its decade-long earnings streak going through manipulations, SEC alleges. General Electric agreed to pay a million fine […]

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Why do you suppose some people still refuse to hold Democrats responsible for the economic meltdown?

Is it ignorance? If not, what is it? President Clinton’s tenure was characterized by economic prosperity and financial deregulation, which in many ways set the stage for the excesses of recent years. Among his biggest strokes of free-wheeling capitalism was the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also […]

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I honestly never thought of this before; where has all the money gone that was lost from Enron?

"Someone, somewhere profitted…aren’t they accountable?.."Prestwood was a blue-collar Enron employee, working to keep gas flowing through its pipelines. “I had all of my stocks in Enron, but we were advised not to diversify,” he said at the news conference. When he asked Enron officials and their financial advisors about the stock, he said the answer […]

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Are you glad you don't own Goldman Sachs stock today?

http://www.businessweek.com/news/2010-04-16/financial-shares-tumble-after-goldman-sachs-charged-with-fraud.html Financial Shares Tumble After Goldman Sachs Charged With Fraud "Financial shares tumbled after the Securities and Exchange Commission charged Goldman Sachs Group Inc. with fraud related to packaging and selling collateralized debt obligations linked to subprime mortgages. "Goldman Sachs, the most profitable firm in Wall Street history, tumbled 10 percent to 5.02 in New […]

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Is Government really the problem?

I keep hearing that mantra over and over from free-marketeers.Yet the 19th century was NOT some "golden age" of capitalism, as if the economy was stable and the stock market was earning a decent return, year after year. Financial panics and depressions happened roughly once every 10 or 15 years. There was outright fraud much […]

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investment fraud question?

Ok…someone please tell me if this is legal…I made an investment in a company about 7 months ago. Now they are sending letters to about 65 of the investors saying that they messed up and didn’t register with the Federal Securities and Exchange Commission as a "private corporation". This means they have too many investors […]

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Outline HELP!….(desperate need) Outline=Identity Theft?

Hello ..I need major desperate help on just fixing my outline adding or minusing things: I did an outline for my term paper : Identity theft : My teacher said that *I need a "problem" *Nothing addressed how it can be prevented *She wrote – Since ID tehft costs consumers and businesses billions, can it […]

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Are you concerned about credit card theft and/or hackers into your financial statements and accounts?

45.7 Million Customers' Card Data Stolen AP BOSTON (March 29) – More than two months after first disclosing that hackers accessed customers' financial data from its computers, discount retailer TJX Cos. has revealed that information from at least 45.7 million credit and debit cards was stolen over an 18-month period. In a regulatory filing that […]

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