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Obama: Allies Will Soon Take Control of Libyan Campaign
- Politics Daily Staff
Democrats Could Lose Senate, Biden Warns Party
- Politics Daily Staff
South Dakota Governor Signs Tough Abortion Bill Into Law
- Politics Daily Staff
Obama Getting Heat From Left and Right for U.S. Role in Libyan Attacks
- Politics Daily Staff
Allied Airstrikes Buoy Libyan Rebels; Obama Stresses Limited Military Goal
- Politics Daily Staff
Opposition Rises to Increased Nuclear Power Use; Offshore Drilling Support Rebounds
- Bruce Drake
French Warplanes Enforcing Ceasefire in Libya After Gadhafi Keeps Up Attacks
- Politics Daily Staff
Economic Issues Underpin Obama's Trip to Brazil, Chile, El Salvador
- Politics Daily Staff
Obama to Gadhafi: Stop the Attacks or Face Military Action
- Politics Daily Staff
House to Consider Bill to Defund National Public Radio
- Politics Daily Staff
New Fire Breaks Out at Damaged Japanese Nuclear Plant
- Carla Baranauckas
Japanese Nuclear Power Plant Rocked by Second Explosion in Quake's Aftermath
- Carla Baranauckas and Bruce Drake

investment banks

Published: 04/19/11

Jury Convicts Executive in $3B Mortgage Fraud Case

By not in system - AOL News

ALEXANDRIA, Va. -- A jury on Tuesday convicted the majority owner of what had been one of the nation's largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the nation's financial crisis. Prosecutors said Lee Farkas led a fraud scheme of staggering proportions as chairman of Florida-based Taylor Bean & Whitaker. The fraud not only caused the company's 2009 collapse and the loss of jobs for its 2,000 workers, but also contributed to the collapse of Alabama-based Colonial Bank, the sixth-largest ...

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Published: 10/12/10

$144 Billion in Wall Street Bonuses: How Much Is That, Really?

By Steven Hoffer - AOL News

(Oct. 12) -- When people talk about symbols of frustration during the recession, exorbitant employee paydays on Wall Street are a target of choice. A report from The Wall Street Journal Tuesday morning won't help Wall Street dodge any more bullets. A survey of about 35 top financial institutions -- comprising banks, investment banks, hedge funds, money-management firms and securities exchanges -- estimates distribution of $144 billion in compensation and benefits for 2010. This amounts to a 4 percent increase from the $139 billion paid out in 2009, and potentially a whole lot more billionaire ...

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Published: 05/26/10