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4 Feb 2009, 1:19 pm
Madoff's alleged fraud are tragic, and we appreciate the impact of those losses on the lives of investors," SEC Director of Enforcement Linda Chatman Thomsen said in a statement.Markopolos said he intends to turn in a "mini-Madoff" who has engaged in a $1-billion financial fraud tomorrow when he meets with the SEC's Inspector General David Kotz. [read post]
4 Feb 2009, 7:44 am
In the US, securitised credit has also played a major role in mortgage lending since the creation of Fannie Mae in the 1930s; and securitisation had been playing a steadily increasing role in the global financial system and in particular in the American financial system for a decade and a half before the mid-1990s. [read post]
4 Feb 2009, 2:33 am
In December, a total of 11.1 million were unemployed.The official government estimates of the current unemployment problem are staggering.791,000 manufacturing jobs were lost in 2008, hitting the auto sector hardest.260,110 people lost jobs in the financial sector, part of the overall service sector that accounts for some 80% of all employment.The construction sector shed 899,000 since peaking in September 2006.The retail sector shed 522,000 jobs for all of 2008. [read post]
3 Feb 2009, 1:37 pm
Massachusetts's constitution protects education to, among other reasons, "countenance and inculcate the principles of humanity and general benevolence, public and private charity, industry and frugality, honesty and punctuality in their dealings; sincerity, good humor, and all social affections, and generous sentiments among the people. [read post]
3 Feb 2009, 7:25 am
The powerful tremors emanating from Citigroup add to worries that even an astonishing American stimulus package of $800,000,000,000 — a financial adrenalin shot roughly equal to Australia’s entire GDP — won’t cover even half of the expected $2,000,000,000,000 in losses this recession is pounding out. [read post]
3 Feb 2009, 4:00 am
Hulteen, No. 07-543Title VII/Denial of pre-'79 pregnancy leave service credits in computing pension>> December 10, 2008 Argument Transcript here>> SCOTUS docket here>> SCOTUSWIKI hereAwaiting ArgumentGross v. [read post]
31 Jan 2009, 12:13 pm
DiGangi proposed an alternative "consultant" business model with multiple products and services providing added value. [read post]
30 Jan 2009, 9:29 am
IMC Financial Services, LLC ("IMC") and American Financial Corp. d/b/a National Foreclosure Counseling Services ("NFC"), so-called mortgage "foreclosure consultants", both with offices in Florida, have been sued by Minnesota Attorney General Lori Swanson alleging that they targeted homeowners facing foreclosure with illegal up-front fees and empty promises to save their homes. [read post]
30 Jan 2009, 12:46 am
A subscription to LAW.COM is needed for online access to this service. [read post]
29 Jan 2009, 2:44 pm
It’s time to subject financial heavyweights like hedge funds to federal regulation and oversight to protect our investors, markets, and financial system. [read post]
27 Jan 2009, 10:00 pm
" In Adam Smith Esq., Bruce MacEwen recently offered another reason why very successful lawyers should consider fixed fees:  "If financial services comprise a substantial part of your clientele, look forward to their being more heavily regulated than before. [read post]
26 Jan 2009, 3:53 am
  So, too is the governmental bailout of our nation’s leading financial institutions (although the implementation of that bailout changes on a daily basis). [read post]
26 Jan 2009, 3:53 am
  So, too is the governmental bailout of our nation’s leading financial institutions (although the implementation of that bailout changes on a daily basis). [read post]
26 Jan 2009, 3:53 am
  So, too is the governmental bailout of our nation’s leading financial institutions (although the implementation of that bailout changes on a daily basis). [read post]
25 Jan 2009, 8:41 pm
The American Hospital Association (”AHA”) urged the White House Office of Management and Budget (”OMB”) in a letter  dated January 16, 2009 to prevent the Centers for Medicare & Medicaid Services (”CMS”)  from implementing a rule requiring up to 400 randomly selected hospitals (including LTACHs) to report information, supply documents, and make certain legal certifications regarding their… [read post]
25 Jan 2009, 1:09 pm
Horne, a former executive at Fannie Mae, suggested that the new loans had not been structured to best meet borrowers' financial circumstances, in large part because the loan servicers that collect mortgage payments cannot engage in a lengthy analysis of each borrower's finances. [read post]
23 Jan 2009, 1:00 am
A subscription to LAW.COM is needed for online access to this service. [read post]
23 Jan 2009, 1:00 am
Full Federal Court issues ruling in Hansen Beverage Company v Bickford’s (Australia) Pty Ltd (IP Down Under) Elvis Presley Enterprises opposition to Elvis Jelcic’s application to register ElvisFinance for financial services fails (IPKat)   Canada Canada-EU Free Trade Agreement – consultation deadline 20 January 2009 (Excess Copyright)   China Coming up: China-Costa Rica Free Trade Agreement (IP Dragon) USTR releases 2008 report on… [read post]
23 Jan 2009, 12:57 am
Nardelli; You do not need to thank the general public. [read post]