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Archive for the 'Finance' Category

Last Week You Were RICHER Than Zimbabwe

Posted by Media Outrage on 30th January 2013

Zimbabwe

Zimbabwe was experiencing the struggle last week y’all.

Find out exactly what we mean Read the rest of this entry »

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Posted in Business, Finance, News | No Comments »

General Motors Halts Facebook Ads

Posted by Media Outrage on 16th May 2012

General Motors is the first major company to pull ads from Facebook right before their major Initial Public Offering (IPO).

Peep why Read the rest of this entry »

Posted in Business, Finance, Money | 2 Comments »

Rogue Trader Causes Bank To Lose $6.7 Billion & Eventually Crumble After Commiting a Few Other Crimes And Only Gets 3 Years In Prison!

Posted by Media Outrage on 5th October 2010

A trader named Jerome Kerviel did a helluva lot of damage at the bank he used to work at and commited a few crimes in the process but was only sentenced to 3 years in prison.  Peep game Read the rest of this entry »

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Posted in Business, Finance, Money, must-reads | 2 Comments »

Blockbuster Files Chapter 11 Bankruptcy

Posted by Media Outrage on 23rd September 2010

Wow how the might fall.  Blockbuster filed for Chapter 11 Bankruptcy: Read the rest of this entry »

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Posted in Business, Finance | No Comments »

AIG To Pay Out $100 Million In Bonuses

Posted by Media Outrage on 3rd February 2010

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

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Posted in Business, Finance | 6 Comments »

Federal Reserve Earned $45 Billion in 2009

Posted by Media Outrage on 12th January 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 »

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Posted in Business, Finance, Money | 3 Comments »

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

Posted by Media Outrage on 28th September 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 »

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Posted in Business, Finance, Money | No Comments »

AIG Tricked $218 Million In Bonuses With Bailout Funds

Posted by Media Outrage on 21st March 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 »

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Posted in Business, Finance, Money | No Comments »

Two Money Managers Accused of $550 Million Fraud

Posted by Media Outrage on 26th February 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 »

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Posted in Business, Finance | 10 Comments »

$50 Billion Scheme

Posted by Media Outrage on 12th December 2008

wall-street

Bernard Madoff who was a powerful force on Wall Street for years was arrested yesterday for running a $50 billion ponzi scheme.

Via Yahoo:

Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion “Ponzi scheme” in what may rank among the biggest fraud cases ever.

The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses.

Madoff told senior employees of his firm on Wednesday that “it’s all just one big lie” and that it was “basically, a giant Ponzi scheme,” with estimated investor losses of about $50 billion, according to the U.S. Attorney’s criminal complaint against him. Read the rest of this entry »

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Posted in Finance | No Comments »