Posts Tagged ‘Rolling Stone’
NY Judge critical of SEC
Federal Judge Jed S. Rakoff was not pleased with the Security and Exchange Commission (SEC) proposed settlement with Citigroup. Citigroup violated previous agreements, lied to its customer about the mortgage bonds they were selling and bet against the bonds. Citigroup's customers lost $700 million while the bank made a profit of $160 million. The SEC was willing to let Citigroup off with no admission of wrong doing and what the judge considered to be an inadequate fine. The two articles ... Full Story
How the GOP Became the Party of the Rich
The inside story of how the Republicans abandoned the poor and the middle class to pursue their relentless agenda of tax cuts for the wealthiest one percent By Tim Dickinson November 9, 2011 7:00 AM ET The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking ... Full Story
