Warren E. Buffett, swooped in again to save another bank. Palm Coast, FL – August 31, 2011 – Last week, our financial Superman, the mild-mannered Midwesterner Warren E. Buffett, swooped in again to save another bank, the financial markets, the American economy and just maybe our precious way of life. Mr. Buffett’s purchase of $5 […]
Ostensibly it’s a story of their success against all odds. Except that the movie actually depicts something entirely different: failure upon failure. Palm Coast, FL – May 27, 2011 – HBO’s "Too Big To Fail"—I just caught up with it last night; thank you, HBO On Demand—is extraordinarily revealing about the financial crisis. Only its […]
Lurking in a proposed mortgage fraud settlement with the state attorneys general is a clause that could be worth billions for the big banks. Palm Coast, FL – March 16, 2011 – Lurking in a proposed mortgage fraud settlement with the state attorneys general is a clause that could be worth billions for the big […]
The world was almost brought low by the American banking system and we are supposed to think that no one did anything wrong? Palm Coast, FL – December 8, 2010 – You may have noticed that prosecutors in this country are in something of a white-collar slump lately. The stock options backdating prosecutions have largely […]