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United States Settles with United Parcel Service for Overcharging Federal Agencies under General Services Administration Contract

#BoondoggledNews #UPS

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Scientist suggests ‘eating human meat’ to tackle climate change | London Evening Standard

A Swedish scientist has suggested eating human flesh to tackle climate change at a Stockholm summit, according to reports. In the 1973 dystopian film Soylent Green, the world is so overpopulated that dead bodies are sold as food. But Swedish researcher Magnus Söderlund believes this could be a genuine solution to climate change and asserts […]

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Nation’s largest home builder asked to account for $900 million grant

ROMULUS, Mich – A large amount of money is missing, 900 million to be exact, and people want answers. If the culprit in question were you or I, we would find ourselves in a lot of hot water, having to answer some pretty tough questions. — Read on www.peoplesworld.org/article/nation-s-largest-home-builder-asked-to-account-for-900-million-grant/

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Three Convicted on Charges Related to Foreclosure Prevention Fraud Scheme

Department of Justice U.S. Attorney’s Office District of Maryland FOR IMMEDIATE RELEASE Thursday, June 21, 2018 Greenbelt, Maryland – Late on June 20, 2018, a federal jury convicted Michelle Sylethia Jordan, a/k/a Michelle Harris and Michelle Welsh, age 49; her husband, Michael Paul Anthony Welsh, a/k/a Michael A. Welsh and Michael Paul S. Welsh, age […]

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Emails Show How Greg Lippmann Built Deutsche Bank’s $5 Billion Subprime Short: “Duping CDO Fools”

Courtney Comstock Apr. 14, 2011, 10:05 AM The Senate Committee assigned to report on the causes of the financial crisis used then-trader Greg Lippmann’s emails in their 650-page report as an example of the view within Deutsche Bank that the subprime market was collapsing. The report was released today. Click here to download it. The committee is […]

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The Regrets of Lewis Ranieri – WSJ

THIS is the DEEP STATE ass who set up the #HousingCrisis for them! HE IS THE REASON! The father of mortgage-backed securities lives with remorse for his role in a crisis that ‘did so much damage to so many people.’ — Read on www.wsj.com/articles/the-regrets-of-lewis-ranieri-1536240610

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District Court Orders Texas Company to Stop Selling Adulterated Food

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, August 30, 2019 A federal court permanently enjoined a Houston, Texas, company from processing and distributing adulterated seafood products in violation of federal law, the Department of Justice announced today.  The entered consent decree of permanent injunction follows an August 2019 complaint filed by […]

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Former church chairman indicted in theft of $11.5 million in church money – Los Angeles Times

The former chairman of the board for the Fifth Church of Christ, Scientist, Los Angeles, has been indicted for stealing more than $11 million in church money. — Read on www.latimes.com/california/story/2019-08-26/former-church-chairman-indicted-in-theft-of-11-5-million-in-church-money

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Asset-Backed Credit Default Swap (ABCDS)

REVIEWED BY JAMES CHEN  Updated Apr 8, 2019 What is an Asset-Backed Credit Default Swap? An asset-backed credit default swap (ABCDS) is a credit default swap (CDS) wherein the reference asset is the asset-backed security rather than a corporate credit instrument. Understanding Asset-Backed Credit Default Swaps (ABCDS) Asset-backed credit default swap (ABCDS) agreements are similar to traditional credit […]

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Credit Default Swap (CDS) Definition

REVIEWED BY JUSTIN KUEPPER  Updated Apr 20, 2019 What is a Credit Default Swap (CDS)? A credit default swap (CDS) is a financial derivative or contract that allows an investor to “swap” or offset his or her credit risk with that of another investor. For example, if a lender is worried that a borrower is going to default on a loan, the lender […]

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Loan Credit Default Swap (LCDS) Definition

REVIEWED BY JAMES CHEN  Updated Apr 10, 2019 What Is a Loan Credit Default Swap (LCDS)? A loan credit default swap (LCDS) is a type of credit derivative in which the credit exposure of an underlying loan is exchanged between two parties. A loan credit default swap’s structure is the same as a regular credit default swap (CDS), except that the […]

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Precious Metals Trader Pleads Guilty to Conspiracy and Spoofing Charges

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, August 20, 2019 A former precious metals trader at the London, Singapore and New York offices of a U.S. bank (Bank A) pleaded guilty today to conspiracy and spoofing charges, announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and […]

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Former Bank Executive Found Guilty in $15 Million Construction Loan Fraud Scheme

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, August 20, 2019 A former Kansas bank executive was found guilty by a federal jury yesterday for his participation in a bank fraud scheme to obtain a $15 million construction loan for certain bank customers based upon false and fraudulent representations.  The loan was shared among 26 […]

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Commercial Flooring Contractor Agrees to Plead Guilty to Antitrust Charge

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, August 19, 2019 First Corporate Charge Filed in Ongoing Commercial Flooring Investigation PCI FlorTech Inc., an Illinois-based commercial flooring contractor, has been charged for its role in a long-running conspiracy to rig bids and fix prices for commercial flooring services and products sold in […]

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Leaked Audio: NY Times Executive Editor Tells Staff to Ditch Russia Collusion Lies and Start Focusing on Trump’s ‘Racism’ for Election

Leaked Audio: NY Times Executive Editor Tells Staff to Ditch Russia Collusion Lies and Start Focusing on Trump’s ‘Racism’ for Election — Read on www.thegatewaypundit.com/2019/08/leaked-audio-ny-times-executive-editor-tells-staff-to-ditch-russia-collusion-lies-and-start-focusing-on-trumps-racism-for-election/