Former Fannie Mae, Freddie Mac Bosses Sued By SEC

Former Fannie Mae and Freddie Mac CEO's Daniel Mudd and Richard Syron are being sued by the U.S. Security and Exchange Commission (SEC) for their role in vastly downplaying the volume of subprime loans the agency had ... continue

Washington Mutual Execs Reach Deal With FDIC

The executives of Washington Mutual Bank reached a deal with the Federal Deposit Insurance Commission (FDIC) today and it is only costing them pennies on the dollar. The FDIC had brought a civil action against former Washington Mutual ... continue

SEC Probes Insider Trading, Targets Firms Who Bet Against Market Directly Before Downgrade

The SEC has sent subpoenas to several hedge funds and other trading outlets to investigate allegations that insider trading allowed some bigger firms to make trades just before Standard & Poor's downgraded the country's AAA rating to ... continue

Tim Tebow Crying Video: Where’s Your God Now Tim

Football star Tim Tebow, perhaps best known for writing references to the Bible on his face for every game, was caught on camera crying this weekend following the Gators loss to Alabama. Ironically, this weeks verse on Timmy ... continue

Pequot Capital to liquidate over Microsoft share investigation

Pequot Capital Management, a $3 billion Connecticut based hedge fund run by renowned investor Arthur Samberg is to be liquidated due to publicity generated by an ongoing investigation into insider trading of Microsoft shares. Samberg said in a ... continue

Teen responsible for Job’s heart attack

An 18-year old is now the target of a U.S. Securities and Exchange Commission investigation for spreading the false report that Apple CEO Steve Jobs had a heart attack. The false report, posted at CNN's iReport last ... continue