TBW Taylor Bean Chairman Arrested On Fraud Charges

“The fraud here is truly stunning in its scale and complexity,” said Lanny A. Breuer, assistant attorney general in the criminal division of the Department of Justice. “These charges send a strong message to corporations and corporate executives alike that financial fraud will be found, and it will be prosecuted.” Once they determined that that [...]

Magnetar Echoes Livinglies call for Alignment of Investors, Servicers and Borrowers

see Magnetar%20Mortage%20Recovery%20Backstop%20Whitepaper%20Jun09.pdf Magnetar Mortage Recovery Backstop Whitepaper Jun09 Two things jump out at me with this paper from June, 2009. First it is obvious that the “real money” investors are defined as those seeking low risk and willing to take lower yield. The fact that they are called “Real Money Investors” underscores my point about [...]

States Ignore Obvious Remedy to Fiscal Meltdown

without raising taxes one cent, many states could recover much or all of their deficit and perhaps some states could be looking at a surplus. The money is sitting on Wall Street waiting to be claimed through existing tax laws, regulatory fees, and even damage claims much like the Tobacco litigation. Editor’s Note: Bob Herbert [...]

PRIVATE TAXATION AND PRIVATIZATION: SELLING OUT AMERICA

  Privatization: Selling Out America GAO Report Details Many Abuses of Government Trust See report on how to privatize (outsource) government functions at  http://www.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=gao&docid=f:gg97048.txt   Many of my readers have been asking about PRIVATE TAXATION: Private “taxation” is the charging of fees by a private entity for public services that have historically been provided by [...]