Madoff lived high and mighty as a billionaire as long as he kept his Ponzi scheme afloat. Greenspan was revered as long as he kept the party going for the ultra-rich, as long as he kept one bubble after another inflated.
It took consultant Chris Cutler only four days to discover the smoking gun: The options volume that Madoff had reported exceeded, by far, the total volume of puts and calls actually traded in those securities on the Chicago Board of Options Exchange.
One of the lunatics Arkansans routinely sends to the State Legislature wrote an opinion piece on the new Health Care Reform legislation that has pushe...
On the season finale of Real Time with Bill Maher, Bill O'Reilly said that we "live in a capitalistic society." That's wrong. We work in a capitalist system. We live in a democratic society.
The deficit, the Social Security shortfall, difficulties with Medicare -- they could all be solved if the nation returned to taxing policies that existed under Republican President Eisenhower, when the rate on top earners was 91 percent.
Capitalists believe in rewarding success and punishing failure. Well, we have ten years of performance data on the Bush tax cuts, and they failed by every possible criterion.
We first became aware of the "Will-the-real-Michael-Hudson-please-stand-up?" problem years ago when we started getting compliments from friends and colleagues for each others work.
With the mergers and acquisitions game heating up, the opportunities to beat the system with inside knowledge of non-publicly announced deals have become much greater.
I enjoy and value teaching others how to network amongst the rich and famous. I am just awaiting the day when I can change sides from an offensive position to the defensive side.
Since his academic credentials were exposed as fraudulent, Tang Jun has emerged as the star in a quintessentially Chinese dramatic tragedy.
Many market participants were actually waiting for the US legislation to look at the architecture of finance in the 21st Century. That is exactly what was delivered last week.
The Securities and Exchange Commission's civil suit against Goldman, Sachs & Co. (NYSE:GS) seems to have surprised everyone, not least Goldman itself....
Recently authorities uncovered a DVD from the attic of imprisoned Ponzi scheme millionaire Bernie Madoff's family mansion in Montauk, Long Island that captures the family's last Seder together.
With 40 million people uninsured and skyrocketing health care costs, the GOP concluded that trial attorneys and litigation were to blame for all of the current health care system's woes.
In perhaps the most unsurprising news since Tiger's decision to return for the Masters, Lenny Dykstra losing all of his money to late night infomercia...
The victims of the hit and run economic crimes of this period expect and deserve much more. Years from now, there will be ample time for a leisurely stroll through the history of this crisis. Now is the time for action.