Cuomo Charges BofA, Ex-CEO With Fraud; SEC Settles

February 10th, 2010

New York's attorney general charged Bank of America Corp, former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.

The U.S. Securities and Exchange Commission separately said Bank of America agreed to pay a $150 million civil fine and bolster disclosure and governance practices to settle its two lawsuits alleging poor disclosure of Merrill's losses and $3.6 billion of bonus payouts. That accord requires court approval.

Obama Unveils 2011 Budget With $3.83T in Spending

Written By Martin Crutsinger
February 1st, 2010

President Barack Obama has sent Congress a multi-trillion-dollar spending plan seeking to attack double-digit unemployment and boosting this year's federal deficit to a record-breaking $1.56 trillion.

Ron Paul Bill Seeks Coin and Bullion Tax Ban

February 1st, 2010

Coin Legislation on Capital BuildingCongressman Ron Paul [R-TX] on Wednesday introduced legislation that would, if signed into law, end taxes on coins and bullion and repeal legal tender laws. The bill’s lofty goal is to reintroduce a system of competing currencies.

Dollar Stores: The Last, and Not So Healthy Eating Choice, Before the Food Lines

Written By Habiba Alcindor
January 31st, 2010

Dollar stores may be places to nab a bargain but for many they are the only place to buy food -- the rock-bottom of the food chain, the last stop before the food pantry.