Tag Archives: taxpayers


Hedge funds, private equity brace for U.S. reports

Reuters India – Hedge funds, private equity firms and other investors are scrambling to meet a looming deadline to report their offshore income, as U.S. tax collectors boost efforts to track foreign holdings. The reports will give authorities a glimpse […]

Hedge Fund Indictment Says Cravath, Bryan Cave Were Duped

Law.com – Federal prosecutors Thursday unsealed an indictment charging the chief executive of what used to be one of the world’s largest investment funds with constructing elaborate tax shelters for some of his wealthiest clients. The executive, Jeffrey Greenstein, the […]

AIG trustee aids offshore hedge funds

The battered insurance giant AIG returns to Capitol Hill Wednesday facing another frosty reception in Congress – where three AIG trustees appointed by the U.S. government will make their public debut amid growing skepticism over their role at the company. […]

Geithner May Oust Executives at Banks Needing ‘Exceptional’ Aid

Bloomberg – Treasury Secretary Timothy Geithner said he’s prepared to oust executives and directors at banks that require “exceptional” assistance from the U.S. government. “If in the future, banks need exceptional assistance in order to get through this, then we […]

Washington’s reluctant auto bailout

CNNMoney.com – General Motors and Chrysler LLC have about a week or less before they find out if they’ll get the additional help they need from taxpayers, creditors and unions to avoid bankruptcy. What they already know is that any […]

Geithner Bad Bank Alternative May Rely on Loans to Hedge Funds

Bloomberg – Treasury Secretary Timothy Geithner’s financial-rescue plan may be doomed if he doesn’t offer low-cost loans to hedge funds and other investors to help them buy toxic assets weighing down bank balance sheets. Creating a “bad bank” or “aggregator […]

Wall Street Journal: US to Use Hedge Funds to Loosen Credit

istockAnalyst.com – Yet another story from the department of "I would not believe it unless I saw it with my own eyes" we continue down the path of unintended consequences and the ole run around. There must be some Puritan […]

Grace period for Himes doesn’t last long

Connecticut Post – It was with amusement that I read that freshman U.S. Rep. Jim Himes, D-4, will now be a member of the House Financial Services Committee. Why? Because of his expertise? Does anyone realize that he was trained […]

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