The secrets of Wall Street are hitting Main Street. Remember all the humongous bonuses of yesteryear? Well, now you can understand what was going on. Who was watching out for us on the Main Street? It is time that something is done!
The Securities and Exchange Commission (SEC) filed fraud charges against Goldman Sachs on Friday, alleging that the famously successful but vilified Wall Street bank sold investors a subprime-mortgage investment that was secretly designed to lose value. Huge news on the Wall Street Stratosphere!
In filing the civil suit, the agency targets one of the few banks that, with the help of taxpayer bailouts, emerged from the financial crisis stronger than before. The case strikes at a main cause of the financial crisis: the creation of investments derived from home loans made to borrowers who couldn't afford the houses they were buying.
But the suit, which alleges that Goldman Sachs misled its clients, goes beyond, raising the possibility that the bankers who devised these investments knew they were selling toxic financial products that could endanger the financial system but were concerned only with the fees they would earn by doing so.
The SEC suit comes against the backdrop of a escalating battle on Capitol Hill over how best to overhaul the regulation of financial firms and prevent the kind of abusive practices that contributed to the worst financial crisis in decades.
Tuesday, April 20, 2010
Saturday, January 30, 2010
PostYourMoneyNeeds KillerApp: Post Your Projects or Business Plans to Lure or Find The Financing
Here is a new blog that aims at helping people find money to pay their bills. In a tough economic time, people are trying to be resourceful. At the same time, new tools are created to help meet their needs.
http://postyourmoneyrequests.blogspot.com is one such new tool. On this blog, you can post an extract of your business plan and business idea and hope that angel investors and others will help you fund them. That is a new idea. Let others know how you plan on executing your business plan.
WallStreet365live encourages such business ideas in these tough economic times.
http://postyourmoneyrequests.blogspot.com is one such new tool. On this blog, you can post an extract of your business plan and business idea and hope that angel investors and others will help you fund them. That is a new idea. Let others know how you plan on executing your business plan.
WallStreet365live encourages such business ideas in these tough economic times.
Tuesday, January 19, 2010
WallStreet Stands with The Haitian People After 7.0 Quake Ravaged The Country
Wallstreet bankers are already hard at work trying to figure out how much money it will take to start the rebuilding projects all over Port au Prince, Haiti. The US government and Wall Street banks will help coordinate the rebuilding once the rescue and recovery phases are over.
The 7.0 magnitude quake destroyed many important government buildings including the National Palace and various ministries that will be need to be rebuilt.
Without counting all the homes and businesses that got destroyed in the country, Haiti will need a lot of help to be able to afford to rebuild.
If you want to help Haiti, go to HelpHaitiQuake: Help Rebuild Haiti: Find a list of Organizations to donate to
And if you are thinking about volunteering and working in Haiti as an aide worker, start learning Haitian Creole to connect with the mass or the People of Haiti.
Get HaitianCreoleMP3 files which you can download onto your MP3 players and iPods.
Sunday, December 27, 2009
NakedPingPong Party is Where You Can Meet Gorgeous Babes, a Ping Pong Ball, Beer, Vodka and More for $20 Admission and $10 per Play
The brainchild of Jonathan Bricklin, Malcolm Bricklin, Franck Raharinosy, and Bill Mack, this social club unites supermodels, corporate suits and international table tennis champions through ping pong and a steady supply of booze for the mere admission fee of $20.00 ($10.00 extra to play). Now you can impress potential pick ups with your pong skills every Tuesday and Friday night. Now Open.
Sunday, December 13, 2009
Tiger Starts to Feel The Consequences of his Transgressions and Infidelity in his Checking Book
lobal consulting firm Accenture PLC has ended its relationship with Tiger Woods, marking the first major sponsor to cut ties altogether with the golfer since his alleged infidelities surfaced and he announced an indefinite leave from the sport to work on his marriage.
In its first statement since the Woods’ scandal erupted, Accenture said Sunday the golfer is “no longer the right representative” after the “circumstances of the last two weeks.” The move ends a six-year relationship during which the firm credited its “Go on, be a Tiger” campaign with boosting its image significantly. Accenture has used Woods to personify its claimed attributes of integrity and high performance.
In its first statement since the Woods’ scandal erupted, Accenture said Sunday the golfer is “no longer the right representative” after the “circumstances of the last two weeks.” The move ends a six-year relationship during which the firm credited its “Go on, be a Tiger” campaign with boosting its image significantly. Accenture has used Woods to personify its claimed attributes of integrity and high performance.
Sunday, December 6, 2009
Wall Street Mistresses are Getting Brazen: Wives Are Tightening Husbands' Purses, Where is the Lesson from Tiger's Debacle?
This is only a PHOTOSHOP representation of What May Have Occurred in the early hours of the car crash. Up to this point, any injury suffered by Tiger is believed to be resulting from the car crash itself. Despite his cheating and the potential fuel for a fight started by the wife, Tiger said that his wife acted courageously by breaking down the back window of his truck to rescue him.
We believed his story until the three women started coming out of the wood work. It was cashing time for them! They were ready to reveal everything.
But if any type of domestic violence occurred, the wife may be liable to answer to the authorities. Who wants that to drag on?
Tiger is willing to open his wallet just like Kobe did.
Wednesday, December 2, 2009
Elin Chases Tiger Woods After Catching Him Cheating: Tiger Confesses, "I have Let My Family Down"
The full statement is below:
"I have let my family down and I regret those transgressions with all of my heart. I have not been true to my values and the behavior my family deserves. I am not without faults and I am far short of perfect. I am dealing with my behavior and personal failings behind closed doors with my family. Those feelings should be shared by us alone."
Sunday, October 18, 2009
Under Scrutiny, Wall Street's Hedge Funds Managers No Longer Dedicate Slush Cash to the Maintenance of Concubines
The Great Recession has created some unintended hardship for many escort services, mistresses and concubines. Hedge funds managers and many of the workers, bankers and business people who used to entertain such companies are keeping their wallets, purses and money bags closed. They are paying attention to the bottom line now. The bonuses have long stopped coming in. The hot derivatives are not as productive as before. The housing market has been upside down.
Mistresses of high power wall street men have hit some hard times. The expensive gifts are not coming any longer. The expensive hotel reservations have dried up. Not all of the big shots have stopped maintaining their mistresses though. One thing they know is that business is not as before. They can not go under the radar.
From time to time, some hedge funds managers are getting caught for fraud. They are resorting to all kinds of exotic maneuvers to try to make more money. Life has greatly changed. It is cause for alarm for many of them.
Mistresses of high power wall street men have hit some hard times. The expensive gifts are not coming any longer. The expensive hotel reservations have dried up. Not all of the big shots have stopped maintaining their mistresses though. One thing they know is that business is not as before. They can not go under the radar.
From time to time, some hedge funds managers are getting caught for fraud. They are resorting to all kinds of exotic maneuvers to try to make more money. Life has greatly changed. It is cause for alarm for many of them.
Monday, September 14, 2009
2008 Emmy Award Ceremony: Who Was Wearing Which Designer, Emmy Award Dresses and Gowns Losers and Winners
The Glamorous and Elegant Actresses and Women of the 60th Annual Emmy Award, 2008
Who Was Wearing Which Designer, Emmy Award Dresses and Gowns Losers and Winners
During the week that brought us SanDisk's slotMusic, a new format that is meant to take over CDs and the financial storm that hits Wall Street's money grabbers, Emmy fans and observers are still talking about the classic fashions that dominate the red carpet. For sure, updos, strapless gowns and great accessories made the stars shine at the 60th annual Emmy awards ceremony.
Some of the best dressed women included Christina applegate, Julia Louis-Dreyfus and Sandra Oh. These actresses hit all the right marks. They were hot. Heidi Klum, Mariska Hargitay, Marcia Cross, Vanessa Williams, Julia Louis Dreyfus and Sandra Oh have caused many fans to talk about their updos and gowns. Producer, writer and star Tina Fey was fabulous with her strapless gown. So was Teri Hatcher. This year, the catwalk trend and asymetric were seen on Vanessa Williams and Christina Applegate who, after her breast-cancer surgery, came in a sweeping gown in ice blue with metallic patches.
Read more about the 60th annual emmy award fashion at Oscarknockoff Dresses and Gowns
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