Most call it one of the biggest financial crises in living memory. Others call it one great big Ponzi scheme. Whatever you want to call it, a bunch of people lost a bunch of money and the world of high finance may never be the same…
Who Started It?
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Happy Birthday, Solari!
Today is Solari’s birthday.
We started operations on March 22, 1998. I was sitting in a beautiful mansion in Washington staring at a blank piece of paper as most everyone I knew told me my life was o…
Obama Says Predatory Lending, Market Manipulation, FDIC Insurance + Bailout Gifts = Free Enterprise
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President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 …
UK Agency Fines Goldman Sachs $27 Million
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Britain’s financial regulator hit Goldman Sachs International with a 17.5 million pounds ($27 million) fine on Thursday for failing to notify U.K. authorities about an investigation …
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