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Archive for the ‘Finance’ Category

AIG To Pay Out $100 Million In Bonuses

Posted by Media Outrage on February 3, 2010

Some companies never learn.  AIG will pay out $100 million in bonuses… Read the rest of this entry »

Posted in Business, Finance, News | Tagged: , , , | 6 Comments »

Federal Reserve Earned $45 Billion in 2009

Posted by Media Outrage on January 12, 2010

Despite the financial crisis that hit the United States, the Federal Reserve still did pretty well.  Peep game…. Read the rest of this entry »

Posted in Business, Finance, Money, must-reads | Tagged: , , , | 3 Comments »

Guess How Many Banks Have Failed In 2009

Posted by Media Outrage on October 26, 2009

Bank

Once again, this economic crisis couldn’t seem more contrived than if we sat around a monopoly board and started planning each move.  A lot of banks have failed and went under in 2009.  You’ll never guess how many….. Read the rest of this entry »

Posted in Finance, Money | Tagged: , , , | 6 Comments »

Billionaire Raj Rajaratnam Arrested For Insider Trading

Posted by Media Outrage on October 18, 2009

Hedge Fund Insider Trading

Billionaire Raj Rajaratnam was arrested Friday on charges of insider trading. Read the rest of this entry »

Posted in Arrested, Business, Finance | Tagged: , , , | 14 Comments »

Which Company Just Raised $100 Million From Investors???

Posted by Media Outrage on September 28, 2009

Money

We might be in a recession, but, that doesn’t prevent venture capital firms from investing boatloads of cash into companies they feel are on the rise and soon-to-be profitable.  Which social network just raised $100 million from investors??  Peep game….. Read the rest of this entry »

Posted in Business, Finance, Money, must-reads, News | Tagged: | 4 Comments »

AIG Tricked $218 Million In Bonuses With Bailout Funds

Posted by Media Outrage on March 21, 2009

aig1

The sickness of greed continues. A new report turned over to Conneticut’s Attorney General states that AIG tricked out $218 million in bonuses, to employees, with bailout money. Read the rest of this entry »

Posted in Business, Finance, Money | Tagged: | 7 Comments »

Two Money Managers Accused of $550 Million Fraud

Posted by Media Outrage on February 26, 2009

money

Yo this sh*t is out of control! Two money managers were arrested yesterday (Wednesday) for allegedly running an estimated $550 million decade long swindle. Smh.

Via Reuters:

Two money managers who oversaw investments for Carnegie Mellon University and other institutions were arrested on Wednesday on charges of running an estimated $550 million, decade-long swindle, the latest in a wave of big financial fraud cases. Read the rest of this entry »

Posted in Business, Finance, News | Tagged: | 7 Comments »

Phillies’ Scott Eyre Down To His Last $13 Bucks

Posted by Media Outrage on February 25, 2009

scott-eyre

Yes that title reads correctly. Despite the fact that Phillies’ Scott Eyre just signed a $2million contract with the world champions he admits to only having $13 dollars to his name. Find out why below.

Via Yahoo:

Never thought we’d see a day when a pro ballplayer might take to selling apples or asking a fan to spare a dime, but thanks to the ongoing fraud schemes those farfetched scenes could become a reality this spring. Read the rest of this entry »

Posted in Athletes, Business, Finance, News, Sports | Tagged: | 5 Comments »

German Billionaire offs himself

Posted by Media Outrage on January 6, 2009

adolf-merckle

second wealthy investor has commited suicide within the span of 2 weeks. German billionaire Adolf Merckle commited suicided on some train tracks after his empire felt the effects of this economic meltdown.

Via Yahoo:

German billionaire Adolf Merckle has committed suicide after his business empire, which included interests ranging from pharmaceuticals to cement, ran into trouble in the global financial crisis, his family said Tuesday.

The 74-year-old’s body was found Monday night on railway tracks at Blaubeuren in southwestern Germany, prosecutors in nearby Ulm said in a statement. They described the death as a “railway accident” and said there was no evidence that anyone else was to blame.

His family, which had reported Merckle missing after he failed to return home Monday, issued a brief statement saying he took his own life. A person close to the investigation, who requested anonymity because he was not authorized to speak with the media, said Merckle left a suicide note. Its contents were not divulged. Read the rest of this entry »

Posted in Finance, News | Tagged: | 16 Comments »

where bailout money really goes

Posted by Media Outrage on December 31, 2008

pad

Despite the economic meltdown that we’re all experiencing some executives are still splurging. How can this be some might ask? Well when Merryl Lynch CEO Peter Kraus 55, officially starts his job in September and the company gets sold to Bank of America for $50 billion a few days later and he himself recieves $25 million for not a days worth of work, he can then afford to plunk down $37 million on a 15 room palatial apartment in NYC. To read more and see pics of the pad click here.

Posted in Finance | 5 Comments »