Tuesday, March 1, 2011
Monday, February 28, 2011
Madoff to NY magazine: Government a Ponzi scheme
He's right about that:
Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme.
"The whole new regulatory reform is a joke," Madoff said during a telephone interview with New York magazine in which he discussed his disdain for the financial industry and for its regulators.
Christiane Amanpour in Tripoli: Gadhafi Doles Out Cash to the People
- Ain't gonna help you, Muammar.
Sunday, February 27, 2011
African dictator's son orders luxury superyacht
Newsvine - African dictator's son orders luxury superyacht
The son of Equatorial Guinea's dictator of 30 years commissioned plans to build a superyacht costing $380 million, nearly three times what the country spends on health and education each year, a corruption watchdog said Monday.The statement from Global Witness said that German company Kusch Yachts has been asked to build the yacht, housing a cinema, restaurant, bar and swimming pool, though construction has not yet started.
Global Witness has been urging Washington to institute sanctions against Teodorin Obiang, whose extravagant lifestyle currently includes a $35 million-dollar mansion in Malibu, California, a $33 million jet and a fleet of luxury cars, while earning a salary of $6,799 a month as agriculture minister.
