Archive for October, 2009

US stocks slide ahead of Fed rate decision, jobless data (AFP)

A sign for Wall Street. Despite the return of US economic growth, Wall Street was in no mood to celebrate as it braced for a Federal Reserve interest rate decision and crucial monthly labor data next week.(AFP/File/Timothy A. Clary)AFP – Despite the return of US economic growth, Wall Street was in no mood to celebrate as it braced for a Federal Reserve interest rate decision and crucial monthly labor data next week.

Madoff: Had ‘too much credibility’ with SEC (AP)

FILE - In this July 17, 2009 file photo, Bernard Madoff's accountant David Friehling exits Manhattan federal court in new York. Friehling is expected to plead guilty next week in a cooperation deal, federal prosecutors said Friday, Oct. 30, 2009, in a letter to a judge.(AP Photo/ Louis Lanzano, file)AP – As Bernard Madoff sat in jail a few months after pleading guilty to fraud, he sounded faintly boastful.

Credit Unions Are a Neat Concept

In actual practice, credit unions are an organized group of people that provide cheap financial service to their members. Unlike banks, the stress is on giving financial services to members rather that making a profit.

Credit Unions Are a Neat Concept

In actual practice, credit unions are an organized group of people that provide cheap financial service to their members. Unlike banks, the stress is on giving financial services to members rather that making a profit.

Madoff to SEC watchdog: Agency held me in awe (Reuters)

Booking mug shot of Bernard Madoff released to Reuters on March 17, 2009. REUTERS/UNITED STATES MARSHALS SERVICE/FOIA/HandoutReuters – Bernard Madoff believed U.S. Securities and Exchange Commission employees were too dazzled by his stature on Wall Street to properly probe his operations and uncover his massive fraud, documents released on Friday showed.