Just like when Bear Stearns plunged earlier in the year, Lehman Brothers is plunging and stinging many of the hedge funds that made large investments in it.
Funds such as Wel...
How Pissed Off Are Yahoo Shareholders Right Now?Yahoo shareholders are surely looking on in disbelief as their investment plummets on an almost-daily basis. Thursday was more of the same, as Yahoo traded down another 5.38% to close the session at $...
The Seven Most Crooked CEOs of All TimeYou might read this list and argue that I left out someone who was really, really crooked. I tried to include the CEOs who directly or indirectly defrauded the investing public out of the most money, ...
Bear Stearns Lawsuits: A Trickle Will Soon Become a FloodThe first of many class action lawsuits against Bear Stearns has been filed this week in the United States District Court for the Southern District of New York. One of the first companies that I have ...
JP Morgan Buys Bear Stearns for $2 Per ShareYes, you read that right.
Bear Stearns, one of the biggest and respected investment banks in the world, has agreed to be purchased by JP Morgan Chase for $2 per share, which works out to around $23...
Spy Wars? Elliott Management Corp Sues Cedar Hill Capital Partners LLC, Alleging "Corporate Espionage"Elliott Management Corp has sued rival hedge fund Cedar Hill Capital Partners LLC, alleging that the rival company "misappropriated" proprietary software that cost Elliott Management Corp millions of ...
Problems? What Problems? Wall Street's Five Biggest Firms Dish Out $39 Billion in Bonuses in 2007Forget about the fact that most of these firms were absolutely taken apart in 2007 due to the subprime mortgage mess and related quant fund problems.
Forget about the fact that the combined market ...
Societe Generale "Victim" of Major FraudSociete Generale, France's second largest bank, has apparently fallen victim to the single large fraud in history ever to be perpetuated by one single trader. In the mid 1990's, Nick Leeson of Barings...
Alan Greenspan Working as an Advisor for Paulson & Co? That's Just WrongOf all of the thousands of hedge funds that Alan Greenspan could have taken an advisory position with, he had to choose Paulson & Co., the hedge fund that made billions and billions of dollars in 2007...
Goldman Sachs CEO Lloyd Blankfein Collects $68 Million BonusIt has not been a good year for many of the big firms on Wall Street.
However, this is not the case for Goldman Sachs, as they have somehow managed to deftly avoid all of the pitfalls that the othe...
The Top Ten Most Outrageous Stock Market Scams of all TimeScams occur in the stock market every day. Stock market scandals are woven into the fabric of our culture.
However, these are the TRULY outrageous stock market scams. The scams that when you hear a...
The Top Twelve Stock Market Scams of the Last Twelve YearsThe title is self-explanatory. Here are the top 12 scams since 1995:
12.
The Emulex Press Release Hoax. In the summer of 2000, Mark Jakob, a former employee of Internet Wire, sent ...
Traders at Goldman Sachs Banked Big Profits Betting on Mortgage MeltdownHave you been wondering why Goldman Sachs have been avoiding the punishment that is being meted out to other big brokerages this year? Wonder why Bear Stearns, Merrill Lynch and Lehman Brothers have a...
Is There a Leak at the Fed?Rumors were running rampant today that someone at the Fed leaked news of the upcoming rate cut that was announced on Friday. Normally I would chalk it up to just an unfounded rumor and market gossip, ...
Think that the SEC Is Corrupt? Meet Gary AguirreI've always had an inkling that the SEC as an organization is largely corrupt. There are quality people working at the agency to be sure, but when the people at the top of the SEC are willing to un-do...
Insider Trading Is Running Rampant on Wall StreetTXU. Dow Jones. Acxiom. Aquantive. HCA. First Data.
What do these companies have in common?
All of these companies were acquired by other companies, and in every single case, the stocks experience...
