Shuttered FrontPoint hedge funds sue Libor banks for $250 mln fraud

Shuttered FrontPoint hedge funds sue Libor banks for $250 mln fraud

In the second recasting of the Libor litigation, Quinn Emanuel has filed a New York state-court fraud and breach of contract case against panel banks that engaged in interest rate swaps with the FrontPoint funds. The funds want $250 million in damages.

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The Bush Tax-Cut Failure

The Bush Tax-Cut Failure

Ten years after George Bush's tax cut on dividends, Bruce Bartlett says even conservative economists can't defend it, including the one who pushed it through. Continue reading

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Economic Reform: America’s Answer to Deteriorating Industrial Base and Currency Devaluation

Economic Reform: America’s Answer to Deteriorating Industrial Base and Currency Devaluation

By Brianna Smith May 21, 2013
Our government officials need to address our deteriorating industrial base and there must be a strategy in place that would spur job creation. “Free trade” agreements and outsourcing have all but decimated our manufacturing base. We no longer produce the goods that the U.S. needs in order to sustain itself.

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Peaceful Protester Tasered Outside DOJ While Demanding Wall Street ... - Huffington Post

Peaceful Protester Tasered Outside DOJ While Demanding Wall Street ... - Huffington Post

Raw StoryPeaceful Protester Tasered Outside DOJ While Demanding Wall Street ...Huffington PostOn Tuesday, she was camped out in front of the Department of Justice in Washington, having been fully transformed into an activist by her experience, asking why more Pittmans have been arrested related to the foreclosure fraud crisis than top Wall ...Nonviolent activist tasered at DOJ while protesting for Wall Street prosecutionsRaw StoryForeclosed Homeowners Arrested While Demanding Prosecution of Bankers ...Opposing ViewsOccupy Our Homes Activists Arrested At Justice Department HeadquartersFiredoglakeDCist.comall 17 news articles »

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Prosecutors Consider Use of Organized Crime Law Against SAC - Wall Street Journal

Prosecutors Consider Use of Organized Crime Law Against SAC - Wall Street Journal

Wall Street JournalProsecutors Consider Use of Organized Crime Law Against SACWall Street JournalBut the law also has been used effectively to target corrupt lawyers, Wall Street schemes such as boiler rooms, market manipulation in the case of former "junk bond" king Michael Milken, and even for insider trading. While the law is a powerful weapon ...Steven Cohen Gets Subpoena – His Hedge Fund May Be Trimmed Down to ...Jewish Business NewsSAC Capital's Cohen Receives Subpoena as US Ramps up Insider-Trading ProbeFox BusinessHedge Fund Owner Gets Subpoena to TestifyNew York TimesFINalternatives -NEWS.GNOM.ES (press release)all 65 news articles »

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Nonviolent activist tasered at DOJ while protesting for Wall Street prosecutions - Raw Story

Nonviolent activist tasered at DOJ while protesting for Wall Street prosecutions - Raw Story

Raw StoryNonviolent activist tasered at DOJ while protesting for Wall Street prosecutionsRaw StoryA woman who became an activist after JPMorgan Chase foreclosed on her home in 2011 was shocked with a Taser and arrested while protesting outside the Department of Justice on Tuesday. In video obtained by Occupy Our Homes Atlanta, large men with ...Peaceful Protester Tasered Outside DOJ While Demanding Wall Street ...Huffington PostForeclosed Homeowners Arrested While Demanding Prosecution of Bankers ...Opposing ViewsOccupy Our Homes Activists Arrested At Justice Department HeadquartersFiredoglakeDCist.comall 17 news articles »

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Watch: Police Stun Woman With Taser at Protest Outside DOJ - DCist.com

Watch: Police Stun Woman With Taser at Protest Outside DOJ - DCist.com

Watch: Police Stun Woman With Taser at Protest Outside DOJDCist.comOn Tuesday, she was camped out in front of the Department of Justice in Washington, having been fully transformed into an activist by her experience, asking why more Pittmans have been arrested related to the foreclosure fraud crisis than top Wall ...

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Sound, Fury and the IRS Mess

Sound, Fury and the IRS Mess


by Richard Tofel

ProPublica’s job is to report the news rather than to make
news ourselves, but sometimes we find an article of ours to be itself a subject
of public debate. Last week was
such a time, when two articles we had published back in December and January became the
subject of significant attention in light of the uproar over IRS oversight of
the process for granting tax exemption to so-called “social welfare” groups
under section 501(c)(4). We
triggered that attention, with a third a...

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Our Worst Scandal of All – The U.S. Trade Deficit ! Does Anyone In Washington Care?

Our Worst Scandal of All – The U.S. Trade Deficit ! Does Anyone In Washington Care?

All the talk now in Washington and in the national media is on three unrelated scandals where the Obama Administration’s performance is being questioned – (1) the Benghazi terrorist attack, where our Ambassador to Libya was killed, (2) The U.S. Department of Justice’s secret monitoring of  many telephone lines at the Associated Press headquarters ,

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