Keyword: robberbarons

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  • OK to sell widow’s home over $6 bill, judge rules

    04/28/2014 5:32:19 PM PDT · by Olog-hai · 53 replies
    Associated Press ^ | Apr 28, 2014 5:51 PM EDT
    A widow was given ample notice before her $280,000 house was sold at a tax auction three years ago over $6.30 in unpaid interest, a Pennsylvania judge has ruled. The decision last week turned down Eileen Battisti’s request to reverse the September 2011 sale of her home outside Aliquippa in western Pennsylvania. “I paid everything, and didn’t know about the $6.30,” Battisti said. “For the house to be sold just because of $6.30 is crazy.” …
  • Is Washington Bankrupting America?

    04/21/2010 5:35:08 PM PDT · by balls · 27 replies · 738+ views
    Bankruptingamerica.org via CNBC Larry Kudlow ^ | 4/21/2010 | Bankruptingamerica.org
    What both parties in Washington are doing to America in terms everyone understands.
  • Pelosi will profit from Obama-Waxman-Markety cap-and-trade energy bill

    06/24/2009 8:27:39 PM PDT · by pissant · 15 replies · 955+ views
    Wash Examiner ^ | 6/25/09 | Mark Tapscott
    House Speaker Nancy Pelosi has vowed to bring the Obama-Waxman-Markey (OWM) anti-global warming cap-and-trade energy bill to the floor for a final vote Friday, which raises an interesting question: How much money will Pelosi make if the measure becomes law, as seems quite likely? Pelosi, of course, is not the only member of Congress to own significant shares of energy companies. Senators and representatives from all over the country do, not just the "oilies" from energy states like Texas, Oklahoma and Louisiana. But as House Speaker, Pelosi's ownership of an unknown number of shares in the Clean Energy Fuels Corp....
  • Rubin Red-Faced Over Enron? Not In The Times

    11/27/2008 7:42:14 AM PST · by Lonesome in Massachussets · 3 replies · 454+ views
    Forbes ^ | Mark Lewis
    NEW YORK - Just in time for Valentine's Day, The New York Times today delivered a remarkable front-page bouquet to Robert Rubin, in the form of an unusually generous assessment of the former Treasury secretary's attempted string-pulling on Enron's behalf.
  • Mutual-fund firms rocked by asset decline(20% drop)

    11/27/2008 3:50:02 AM PST · by TigerLikesRooster · 25 replies · 1,168+ views
    Market Watch ^ | 11/25/08 | Sam Mamudi
    Mutual-fund firms rocked by asset decline Stock and bond funds take major hit; record outflows in October By Sam Mamudi, MarketWatch Last update: 2:28 p.m. EST Nov. 25, 2008NEW YORK (MarketWatch) -- After seeming to weather the worst of the credit storm, the mutual-fund industry has been getting walloped, losing more than 20% of assets under management in just five months. Data from research firm Lipper show that as of Oct. 31, mutual funds of all types -- stock funds, bond funds and money market funds -- had $9.5 trillion in assets. That's a 20.8% drop from where the industry...
  • Dems Target Private Retirement Accounts

    11/09/2008 12:58:49 PM PST · by 4buttons · 266 replies · 1,644+ views
    carolinajournal.com ^ | 11/4/08 | Karen McMahan
    RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration. Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose 401(k) and IRA balances have been shrinking rapidly. The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for...
  • Treasury working on aid for GM, Chrysler merger

    10/27/2008 6:52:52 PM PDT · by BGHater · 49 replies · 577+ views
    Reuters ^ | 27 Oct 2008 | Karey Wutkowski
    The U.S. government is considering direct financial assistance to facilitate a possible merger between General Motors Corp (GM.N) and Chrysler LLC, a private sector source familiar with Treasury discussions told Reuters on Monday. The Treasury Department is weighing aid of at least $5 billion, which could include capital injections and government purchases of bad auto loans, according to the source, a financial policy executive who spoke anonymously because the discussions are private. Emergency financing, at least initially, most likely would be focused on GM and Chrysler and not Ford Motor Co (F.N), which is struggling but still better off financially...
  • Wamu CEO got 20 Million for his freakin' 17 days on the job (vanity)

    09/26/2008 10:43:56 AM PDT · by Scythian · 43 replies · 1,899+ views
    I'm not putting a reference in becasue I want my freakin' title, I'm pissed. But search and you shall find ...
  • NYT 1999: Fannie Mae Eases Credit To Aid Mortgage Lending

    09/20/2008 4:12:48 PM PDT · by Jim Robinson · 200 replies · 7,964+ views
    The New York Times | 1999 | By STEVEN A. HOLMES
    In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring. Fannie Mae, the nation's biggest...
  • Why was Lehman Brothers allowed to fail

    09/16/2008 10:44:17 AM PDT · by edcoil · 43 replies · 680+ views
    8-16-2008 | edcoil
    Since unconfirmed reports have to be placed in Vanity, I will leave it up to MODS and posters as to this classification. I was told Lehman was not bailout like Bears because most of Lehman's portifilo was in Europe not American investments and the Fed's knew Americans would not stand for bailing out Europe. Any of our fund managers or more experienced folks know? I was told this comment was initially on the web by our Fed Chairman however was pulled later.
  • NY Post: The Real Scandal (Mortgage Meltdown)

    09/15/2008 8:38:53 PM PDT · by Orbiting_Rosie's_Head · 88 replies · 603+ views
    The New York Post ^ | February 5, 2008 | STAN LIEBOWITZ
    PERHAPS the greatest scandal of the mortgage crisis is that it is a direct result of an intentional loosening of underwriting standards - done in the name of ending discrimination, despite warnings that it could lead to wide-scale defaults.
  • Caption Time! Li'l Chel IS Her Mother's Daughter!

    04/18/2008 4:34:25 PM PDT · by bannie · 40 replies · 155+ views
    The Los Angeles Times ^ | 18APR08 | It's a Picture!
  • Freeper Heads Up! LS on Biography Channel

    12/20/2006 4:47:26 PM PST · by LS · 20 replies · 697+ views
    A&E/Biography channl ^ | 12/20/06 | self
    Alas, it's not my biography, but I'll be doing some "color commentary" on "The Rockefellers." This is on "Biography Channel" (and I don't know if this is separate from A&E or if you get it with an A&E package). Air date is 12/26 at 8:00 EST. The following hour, I'll be on again, same channel, on a new show called "Total Excess," about the lifestyles of the rich and ridiculous. Should be fun.
  • The Truth About the "Robber Barons"

    10/09/2006 4:47:49 PM PDT · by Conservative Coulter Fan · 10 replies · 747+ views
    Mises.org ^ | 9/23/2006 | Thomas DiLorenzo
    [This article is excerpted from chapter 7 of How Capitalism Saved America.] Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at. State capitalism consists of one or more groups making use of the coercive apparatus of the government… for themselves by expropriating the production of others by force and violence. — Murray N. Rothbard, The Logic of Action (1997) The late nineteenth and early twentieth centuries are often referred to as the time of the "robber barons."It is a staple...
  • CA: Doerr predicts green innovation

    08/17/2006 10:03:16 AM PDT · by NormsRevenge · 7 replies · 285+ views
    Mercury News ^ | 8/17/06 | Mike Zapler
    SACRAMENTO - A hotly contested bill to reduce greenhouse gas emissions in California would spur a wave of new clean-energy technology, prominent Silicon Valley venture capitalist John Doerr predicted Wednesday. Entrepreneurs ``are going to go out and compete and innovate to bring enormous solutions to the market'' if the bill passes, Doerr, a partner at Kleiner Perkins Caufield & Byers, said at a news conference at the Capitol. He was joined by Assembly Speaker Fabian Núñez, D-Los Angeles, and executives from several alternative-energy companies. Assembly Bill 32, sponsored by Núñez and Assemblywoman Fran Pavley, D-Woodland Hills, would mandate cuts in...
  • Was The BP Pipeline Problem Preventable?

    08/08/2006 4:38:02 PM PDT · by John W · 79 replies · 1,663+ views
    NBC Nightly News/MSNBC ^ | August 8, 2006 | Aram Roston, Lisa Myers & the NBC Investigative Unit
    WASHINGTON - When British Petroleum (BP) shut down a vital oil pipeline, the company blamed "unexpectedly severe corrosion" in transit pipes. Yet only five months ago, BP's aging pipeline created the largest-ever oil spill on Alaska’s North Slope. Federal regulators blamed the spill on "internal corrosion" and said in some areas the walls of the pipes were so corroded they were almost paper-thin. So critics and industry experts say the latest problem was hardly a surprise. "I think this was predictable and preventable," says Phil Flynn, an energy analyst with Alaron Trading Corp. In fact, allegations about BP's maintenance practices...
  • CA: Tech players play politics - Deep pockets aimed at education, energy

    07/29/2006 12:10:14 PM PDT · by NormsRevenge · 5 replies · 398+ views
    Mercury News ^ | 7/29/06 | Mary Anne Ostrom
    In California politics, Silicon Valley executives used to be considered newbies, nerds or simply multimillionaires with too much time and money on their hands. No longer. Emboldened over the past decade by some success passing ballot propositions, a handful of the valley's most influential power brokers are once again aiming to use the initiative process to put their stamp on public policy in California. Two of the boldest electoral initiatives yet to emerge from valley interests will be on November's ballot: NetFlix founder Reed Hastings and Kleiner Perkins venture capitalist John Doerr are backing Proposition 88, an unprecedented statewide real...
  • Entrepreneurs Pitch "Code Boat" For Near-Shore IT Outsourcing

    05/06/2005 11:44:31 PM PDT · by freepatriot32 · 29 replies · 1,511+ views
    outsourceingpipeline.com ^ | 5 2 05 | W. David Gardner
    Two California entrepreneurs are developing an IT services business plan that reads like a CIO's paradise: sharply lower IT prices coupled with easy access to software and engineering outsourcing developers just a short boat ride away. It's the "Code Boat," a plan by David Cook and Roger Green, the founders of SeaCode. Their venture calls for staffing a cruise ship three miles off the Southern California coast with customer IT specialists and then making the ship available to IT headquarters staffers through a short water taxi ride. "We're getting a good reception," said Green, a veteran software developer and executive....
  • The Founding Fathers of Insider Trading (The GOP, Lincoln & Co.)

    08/30/2003 7:10:08 AM PDT · by u-89 · 125 replies · 728+ views
    LewRockwell.com ^ | 30.08.03 | Thomas J. DiLorenzo
    The Founding Fathers of Insider Trading by Thomas J. DiLorenzoby Thomas J. DiLorenzo To this day, the U.S. government has not provided a clear legal definition of insider trading. This allows the feds to engage in periodic witch hunts against unpopular business people such as Martha Stewart, the purpose of which is to divert the public’s attention away from the government’s own failed policies and blame it all on "capitalism." But there is a particular type of insider trading – political insider trading – that has been clearly understood for generations. Because this kind of insider trading involves politicians...
  • Columnist Charley Reese Asks, "Is Economics All There Is?"

    07/18/2003 4:22:53 AM PDT · by Theodore R. · 22 replies · 275+ views
    King Features Syndicate ^ | 07-18-03 | Reese, Charley
    Is Economics All There Is? Let me invite you to join a crusade to change the culture and stop the present trend of treating us, our country, the world, everything and everybody in it as mere economic units. I was reminded of the necessity of this when reading a news story in a local paper about the Fourth of July. It was, in fact, just about how businesses catering to visitors fared during the holiday weekend. They did well, but is that what the Fourth of July has become: just another business opportunity? Is it a "good" Fourth if the...
  • Make Pinocchio CEOs Pay

    08/18/2002 6:35:32 AM PDT · by SBeck · 3 replies · 256+ views
    Wall Street Journal (Subscription) | August 16, 2002 | Roger Lowensteing
    Make Pinocchio CEOs Pay By ROGER LOWENSTEIN This was a tough week for corporate CEOs. They had to swear under oath that the numbers they are reporting to investors are actually true. I suppose you could call it putting your mouth where other people's money is. This provision of the newly enacted corporate reform law has gotten loads of ink, as well it should. CEOs could be criminally liable for bearing false witness. We can only hope that the requirement to truth-tell does not represent a trend, else so many other institutions, such as politics and matrimony not to mention...