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At the Financial Crisis Inquiry Commission, Wall Street’s most powerful denizens will try to appear responsible, thoughtful and part of the solution Read the rest here: Bank chiefs aim to defuse heated backlash

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Bank chiefs aim to defuse heated backlash

The US economy shed 85,000 jobs in December, disappointing expectations that it might add jobs last month, in a sign that companies continue to be cautious about hiring Read the rest here: US job losses grow in December

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US job losses grow in December

VDACS Commissioner Gives Residents Tips to Avoid Scams WHSV The gambler never sees a dime; the only person to reap any winnings is the scam artist. Investment opportunities – Don't let the promise of low risk and … Go here to read the rest: VDACS Commissioner Gives Residents Tips to Avoid Scams – WHSV

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VDACS Commissioner Gives Residents Tips to Avoid Scams – WHSV

• THE SCAM: Hot holiday gifts! Read the rest here: Scam Alert: That ‘hot’ gift is just hot air

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Scam Alert: That ‘hot’ gift is just hot air

No longer can Patrick Byrne, wacky CEO of Overstock.com (NASDAQ:OSTK) claim that those pointing out his lies and materially misleading financial statements are just “miscreants,” operatives of an imaginary “Sith Lord,” or [insert any of a number of Jewish slurs that Byrne is prone to use].  Now national auditing firm Grant Thornton is calling Patrick Byrne and his clowns liars. He’s collecting quite a slew of admirers. Yesterday, Overstock filed an 8-K with the Securities and Exchange Commission regarding their firing of Grant Thornton. Here’s what Overstock.com has to say about the accounting issue that led to the firing, and I have placed in bold the most important part: On October 1, 2009, the Company received a comment letter from the Division of Corporation Finance of the Securities and Exchange Commission (“SEC”) regarding the Company’s 2008 Form 10-K/A and June 30, 2009 Form 10-Q. Go here to read the rest: Grant Thornton to SEC: Overstock.com is lying

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Grant Thornton to SEC: Overstock.com is lying

The weakness of the U.S. economy has given rise to the largest epidemic of foreclosures in American history. Go here to read the rest: Tips For Success As A Bulk REO Investor

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Tips For Success As A Bulk REO Investor

Consumer sentiment and trade data released sparked concerns that the US economic recovery is likely to stagnate in the coming quarter. Go here to read the rest: US consumer sentiment falls unexpectedly

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US consumer sentiment falls unexpectedly

Investors who re-embraced risk in the past six months have done well as rallying stock markets and falling credit spreads have rewarded faith Go here to read the rest: Corporate default rates

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Corporate default rates

Split banks from investment houses Kennebec Journal Wall Street resists all attempts at regulation and oversight hoping to resume its wayward ways of continuing a scam that brought the international financial … Read the rest here: Split banks from investment houses – Kennebec Journal

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Split banks from investment houses – Kennebec Journal

Should Piccoli die in prison for $31 million fraud? Buffalo News It could be a long, difficult day for Piccoli, who has been called the Buffalo version of jailed New York City investment scam artist Bernard Madoff. Go here to read the rest: Should Piccoli die in prison for $31 million fraud? – Buffalo News

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Should Piccoli die in prison for $31 million fraud? – Buffalo News