"IOUSA: America's Money Crisis"@2Pm On CNN

Comment #3

AceKicka — Sat, 10 Jan 2009 19:43:52 GMT

Public Enemy #5: Martin "Just Put It on the Tab" Sullivan CEO, AIGHis Crimes: On December 5, 2007, AIG head Marty Sullivan told investors, "We are confident in our marks and the reasonableness of our valuation methods... [We] have a high degree of certainty in what we have booked to date."But here's what the CEO of the world's largest insurance company failed to mention in his shareholder discourse...Just six days earlier, Pricewaterhouse Coopers -- AIG's outside auditor -- issued a p... [ More ]

Comment #2

AceKicka — Sat, 10 Jan 2009 19:33:18 GMT

Public Enemy #2: James "Let Them Fail" Cayne Former CEO, Bear Stearns; world-class bridge player His Crimes: At a 1969 New York bridge tournament, pro card player Jimmy Cayne found himself hired on the spot by future Bear Stearns CEO Alan "Ace" Greenberg. By 1993, Cayne would become CEO; by 2001... Chairman of the Board. Fast forward to March 2007, with rumors flying of Bear's unraveling. Cayne denies rumors of poor liquidity, reporting the company had a $17 billion cushion. Investors... [ More ]

Comment #1

AceKicka — Sat, 10 Jan 2009 19:26:25 GMT

"Culprits of the Financial Crisis" Special Report - part 1 Angel Publishing Research Report: Part 1, published 12-01-08, Baltimore, MD They took greed and incompetence to all-new levels... "It's so difficult to pinpoint one person or two people [for the economic meltdown]. It really was the whole system." -- Georgetown University finance professor Reena Aggarwal Introduction The financial markets' collapse... [ More ]

Original Blog Entry: "IOUSA: America's Money Crisis"@2Pm On CNN

AceKicka — Sat, 10 Jan 2009 17:17:25 GMT

IOUSA: AMERICA'S MONEY CRISIS

also showing again on Sunday @3PM - CNN