The Fed Boosts Wall Street, Not Main Street
May 1, 2018 Today's central bank collusion is nothing more than a massive “trickle down” subsidy for the financial system—and promises for the masses.
Starbucks Drama Proves (Again) the Reactionaries Will Be Televised
Apr 21, 2018 Injustice hunting has become the new favorite pastime of Americans instead of addressing the problems at their roots.
Jeff Sessions Is Bringing Back Civil Forfeiture With a Bang
Aug 30, 2017 The police can take your assets even if you haven't been convicted of a crime.
Chinese Dissidents Face Jail for Dinner Party Photo
Jul 16, 2013 Three Chinese activists agitating for officials to make public the value of their wealth and assets will be put on trial in a "co-ordinated crackdown" that makes the limitations of an "anti-corruption push by the new government" plain, according to a Reuters report in The Guardian.
Banks Pay Bupkis for Roles in Crisis
Mar 8, 2012 Bank of America: $11.9 billion; JPMorgan: $5.44 billion; Wells Fargo: $4.35 billion. These are the fines the banks have paid so far in settlements to the government for wrongdoing amid the financial crisis.
Egypt Freezes Mubarak Family Assets
Feb 22, 2011 Now that Hosni Mubarak has exited his post as Egypt's president, his reportedly extensive wealth is no longer protected by his position, and authorities in his homeland have moved to freeze his assets, as well as those of his family members, in the midst of a fraud investigation.
BP Sheds Latin Oil Producer
Nov 29, 2010 British Petroleum is still sloughing off assets to help cover its $40 billion fiasco in the Gulf of Mexico. The oil giant just sold a majority stake in Pan American Energy for $7 billion, putting its running total of recent asset sales at $21 billion.
Madoff’s Victims Speak Out
Mar 22, 2009 Some of them have only their homes, while others have no remaining assets and no means to earn income, but all of the former clients of Bernard Madoff (above) whose statements were made public by the government on Friday described in nightmarish terms their experiences since Madoff's fraudulent investment empire crumbled.
Madoff’s Businesses Worth $10M, Tops
Mar 17, 2009 Although $10 million is a lot of money, it's not much compared with $50 billion in lost investments. The $10 million figure represents the upper limit of the current value of Bernard Madoff's businesses, which Madoff had valued at $826 million before his proverbial fall. It doesn't look good for his defrauded investors' chances of reclaiming much of their missing funds.
