All New Wilmott Jobs Board                     (g)

Billions of Dollars Vanish Into Thin Air at U.S. State Department

 

The U.S. State Department has no idea what happened to $6 billion used to pay its contractors.

In a special “management alert” made public Thursday, the State Department’s Inspector General Steve Linick warned “significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.

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Former Asst. Housing Sec. Fitts: Deliberate Implosion of US Economy (video)

$1.2 Billion From MF Global's Customer Brokerage Accounts Feared Gone (video)

Nearly three months after MF Global Holdings Ltd. collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.

Cyber-Payback: Hackers Release Personal Info on Bankers, Treasury Secretaries, Police (video)

In recent weeks, hackers have posted the personal information of Wall Street executives out of solidarity to the growing Occupy Wall Street movement, including

1. Former Treasury Secretary and Goldman Sachs Head Robert E. Rubin

2. JPMorgan CEO Jamie Dimon

3. Goldman Sachs CEO Lloyd Blankfein

4. Bank of America CEO Brian Moynihan.

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FBI Raids Solyndra: Energy Co. That Left U.S. Taxpayers on the Hook for Half Billion Dollars (video)

SEC Under Investigation: Destroyed Thousands of Documents Related To Potential Wall Street Crimes

The SEC's internal watchdog is investigating whether enforcement officials misled the government's archives agency last year by saying the SEC was "not aware" of the destruction of certain probe-related records, according to people familiar with the matter.

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New York Times: Buck Naked Wall Street Protesters (video)

AskMen: Top 10 Real-Life Gordon Gekkos

Huffington Post: Geithner and Goldman, Thick as Thieves

Once again, Robert Scheer tells it like it is in this Huffington Post article. You know, even though I know the facts behind this story, it still ticks me off to read Scheer's article. The same people seem to show up at the scene of all the economic crimes - Tim Geithner, Larry Summers, Bob Rubin, Goldman Sachs bankers, .... Enough is enough!

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Madoff Whistleblower Helps to Coordinate Currency-Trade Probes

State prosecutors are getting help from an organized group of whistle-blowers in a widening investigation into whether banks overcharged public pension funds by tens of millions of dollars for foreign-exchange transactions.

Please read more here.

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