Word: dollarses
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On Monday, a judge declined a request by prosecutors to jail Bernard Madoff, saying the former investment adviser who is accused of bilking $50 billion from clients did not pose a flight risk. Prosecutors made the request last week after it was discovered that Madoff had sent over a million...
Why would prosecutors be so worried about Madoff shipping jewelry to relatives? There are several reasons. One could be because he is hiding assets, so he can flee and live off them. Even though the million dollars or so in jewelry is a drop in the bucket compared to what...
The ability to predict earnings probably deteriorates with the economy. Some professor at MIT has probably proved that but he is not telling. He has studied the dynamics of the correlation between EPS and GDP so that he can game the system and make hundreds of millions of dollars day...
2. On the backward way in which America deals with addiction: "[Jody] takes a long drag from his cigarette. 'Man, we need accessible treatment,' he says. 'We need to have treatment centers like we have 7-Elevens. They need to be all over the f___ing place, and they need...
The Wall Street Journal reports that the Citi board has given CEO Vikram Pandit a vote of confidence. Even if the firm loses tens of billions of dollars this year, Pandit is getting that public support just the way his predecessor Chuck Prince did, right up until the end.