How a Loophole Benefits General Electric in Bank Rescue
This article was published in the Washington Post on June 29, 2009
WASHINGTON – General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.
At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.
The company did not initially qualify for the program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms. But … more…
Madoff Client Jeffry Picower Netted $5 Billion—Likely More Than Madoff Himself
June 24: This post has been corrected.
It is rare these days to see Bernard Madoff's name in print unaccompanied by the word … more…
Business Jet Group Tries to Block FOIA Request
June 17, 2009: This post has been corrected.
Remember last fall when the CEOs of General Motors, Ford and Chrysler flew on … more…
With Labor Leader on California Pension Boards, Financial Firms Fattened Union Campaign Fund
Update June 15, 2009: This story has been updated with Sean Harrigan's response to the Sacramento Bee
Financial firms showered nearly … more…
Deficit Skyrockets at Pension Guaranty Fund
May 21: This post has been corrected.
The Pension Benefit Guaranty Corporation announced today that it has the largest deficit in the … more…
Rationale Behind Pension Agency’s New Strategy Revealed
May 21: This post has been updated.
Before there was a much-maligned investment strategy for the agency charged with safeguarding the … more…
Can You Pass the SAT of Influence? Our Placement Agent Guide
Looking for work? Lots of Americans are these days, and there's one line of business where you can earn millions of dollars simply by … more…
$20 Million Settlement Sets New Ethic in Pension Deals
Twenty million dollars. That's what it cost the Carlyle Group to extricate itself from the growing investigation into corruption at the … more…
Pension Chief Crossed Line With Wall St. Firms, IG Says
May 21: This post has been updated.
The former director of the federal agency that safeguards many of the nation’s pensions may … more…
Auditing the Audit Firms
This story was co-published with Barrons.
The Big Four accounting firms are used to embarrassing headlines about their purported … more…
Kucinich Asks AIG Why It’s Denying Claims From Injured Contractors in Iraq
Heeding a call from Rep. Elijah Cummings (D-Md), an investigative subcommittee headed by Rep. Dennis Kucinich (D-Ohio) said today that … more…
July 02, 2009
Big Pay Packages Return to Wall Street Aaron Lucchetti, Wall Street Journal ($), July 02, 2009
June 29, 2009
Texas Expects More Jobs Saved Than Created Aman Batheja, Fort Worth Star Telegram, June 29, 2009
June 26, 2009
Pang Took $83 Million From Firm, Filings Say Mark Maremont, Wall Street Journal ($), June 26, 2009
June 25, 2009
Bernanke to Testify as New BofA Details Emerge Michael R. Crittenen and Dan Fitzpatrick, Wall Street Journal ($), June 25, 2009
June 24, 2009
$500B in Stimulus Money Could Be Lost in Fraud: Report Becky Yerak, Chicago Tribune, June 24, 2009
June 22, 2009
Textbook Factory Owes Workers Thousands Jim Dwyer, New York Times, June 22, 2009
Siemens Expects to Land $21B From Global Stimulus Spending Paul Glader, Wall Street Journal ($), June 22, 2009
Swiss Bankers at Crossroads on Secrecy Jennifer Hughes and Patrick Jenkins, Financial Times, June 22, 2009
June 19, 2009
Summer Jobs Are Back Gilbert Cruz, Time, June 19, 2009
June 18, 2009
Dispute Grows Over TARP Chief’s Powers Tom Hamburger and Peter Wallsten, Los Angeles Times, June 18, 2009
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