law

He as remanded to prison immediately. Now he awaits sentencing.

Yet another alleged case of massive fraud has been uncovered. This case is all the buzz in the financial sector. If the claims are proven true, fingers will point to the laissez-faire, deregulatory environment of the recent past as a…

A recent note from Time Magazine's blog, Swampland: This looks real bad, both for Roland Burris and his country. First a quick recap: Burris gets appointed to the Senate by Rod Blagojevich, a self-made cartoon of political ineptness and…

This comes from Chapter VIII of Galbraith's classic volume, "The Great Crash 1929." Given the recent announcement of fraud at Satyam in India and the monstrous Madoff scandal, it is a quote and concept to remember.

This is a very sad tale.

This video is a good laugh given what we now know about the alleged criminal activity going on in Illinois Governor Blagojevich's office. Here is Blogojevich yesterday at a press conference. The man is smug and obnoxious. Now, he is going…

I have seen this all over the political blogosphere.  Blagojevich is reputed to have been under investigation for corruption and wire-tapping charges for quite a while.  They finally decided to pull the trigger and arrest him over this.…

Many will suffer at the hands of Lehman Brothers. That is the verdict by white-shoe law firm Wachtell, Lipton, Rosen & Katz - a firm I had the pleasure of working with during my previous life in finance. They are very good.…

According to the Times of London, that's what Lehman's creditors seem to suggest in Lehman's bankruptcy filings. Apparently, JP Morgan cut Lehman off the night before it filed for bankruptcy and creditors are blaming this action for Lehman…

When we have a major economic dislocation, there is always some aspect of criminal behavior involved. As a result, the governmental authorities look for specific companies and individuals to use as scapegoats for all of the ills of the…