Ensuring there's no more Madoff type shenanigans has less to do with the SEC having more money, more staff, and more rules than with having the political will to crack the whip on the Wall Street.
When this season finally ends, 2009 will go down as the worst year ever in New York Mets history.
Least surprising news item of the week: former Department of Homeland Security director Tom Ridge's admission that he was pressured to raise the terror alert at the end of the 2004 campaign to help Bush win re-election. In his new book, Ridge says he felt the politically motivated manipulation was worth resigning over. But, of course, he didn't, saying nothing and staying on until after Bush won. Ridge thus joins the long line of key Bush administration officials who only come clean when it's time to cash in on their "honesty." Elsewhere, Bernie Madoff's mistress warmed the hearts of Freudians everywhere with her revelation that the famous felon "had a very small penis. Not only was it on the short side, it was small in circumference." Is that why he needed to sport the biggest Ponzi in history?
There's no point asking for refunds from managers of feeder funds, who generally are quite immune to prosecution, though the tune the piper played was paid by them.
The "Tea Party" movement flies in the face of what the true patriots in Boston stood for. Corporate lobbying-run groups are creating the illusion of grass roots protests at the health care town hall meetings.
The recession has not, Larry Summers' recent comments notwithstanding, gone away or begun to turn around, but something has changed: The recession is not new anymore.
Given what we now know, thanks to the efforts of Andrew Cuomo, one might well ask: are all scams created equally, or are some scams more equal than others?
David Ortiz & Manny Ramirez 'roid it up. New Jersey corrupts. Michael Phelps loses to cheaters and whines. Banks may have - shock - fraudulently pr...
I have unwelcome news of Andres Piedrahita, the brash Colombian chief shareholder of Fairfield Greenwich.
The Octomom is not the only character skewered in the zany musical: others include Bernie Madoff, Fed Chairman Ben Bernanke, and Vince Shamwow (of magic towel fame).
Let's see--he ripped off hedge fund managers, real estate moguls, and real estate lawyers. The trifecta. Were there any normal people who got hurt? Sadly, the answer is yes.
"Our viewers want to know who's going to have custody of Blanket and the other Jackson children, and none of that is being addressed in these hearings," said CNN's Larry King.
Ms. Clovis said that she hoped Mr. Ralston's death would cause federal authorities to tighten the flow of Harry Potter plot information to prevent similar tragedies from taking place.
Mr. Harbock says that his consumer confidence has also taken a positive turn since receiving his bonus check, which totaled $5.4 million.
"I misread my package's needs," the senator said. "It needs significantly more stimulus than I originally thought."
Unemployment surged over the past two weeks, but the Department of Labor was careful to point out that much of that increase was due to "forced layoffs of Republican mistresses."