7 posts tagged with finance by up in the old hotel.
Displaying 1 through 7 of 7.
Meet financial advisor Mike Morgan. He started an anti-Goldman Sachs website to examine "what part Goldman Sachs and their executives played in the current Global Economic Crisis." The investment bank and its lawyers told him to cease and desist. So Morgan sued Goldman (pdf). The response has been overwhelming. Morgan is now organizing volunteers to go after the other banksters. Want to help? There's a webinar scheduled tonight.
Another massive Ponzi scheme uncovered. Meet Sir Allen Stanford and his bank. Sir Allen stands accused of running an $8 billion fraud. Read the SEC filings here.
“There has been a failure of risk management to a point that is mind boggling." Obama advisor Paul Volker and the Group of 30 have issued a deceptively simple framework for fixing our financial problems.
In these difficult economic times, what's a museum to do? Is an art collection a financial asset or a trust to be held in perpetuity? These questions are being raised by The National Academy in New York's recent sale (or "deaccessioning" in museum lingo) of two important paintings for $15 million to shore up its finances, first reported by Lee Rosenbaum's ArtsJournal blog. The museum's director told The New York Times that it was the only way for the 183-year-old academy, which runs a chronic operating deficit, to survive. The Association of Art Museum Directors censured the Academy and called on its members to suspend any loans of art to the institution. New York lawyer Donn Zaretzky's ArtLaw Blog has become ground zero for a fascinating debate involving art critics, museum directors, financial bloggers and others.
The cover of a major financial publication warns: If you're holding U.S. Treasuries, GET OUT NOW! [more inside]
The nine biggest US banks aren't using $125 billion in federal bailout money to make loans. They're going to use taxpayer dollars to buy other banks. [more inside]