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By Marian Wang, ProPublica – When the Securities and Exchange Commission struck a deal with Citigroup over a failed security that the bank sold to investors, we asked whether regulators had handed Citigroup too sweet a deal. Today [28 Nov. 2011] in Manhattan, U.S. District Judge Jed Rakoff appeared to reach that very conclusion: “If the allegations of the Complaint […]
Continue reading …The Des Moines Registerreports that the state of Iowa is centralizing the hiring of all state workers following nearly 15 years of systematic discrimination again African- American workers in hiring, promotions and firings. Register reporters reviewed public records in 2006 and found the state had paid about $850,000 between 2000 and 2006 to nine people […]
Continue reading …Information technology outsourcing firm Accenture has agreed with the U.S. Department of Justice to pay $63.68 million settling a federal whistle-blower that alleged the firm committed fraud in billing for it contracts with the U.S. government, the U.S. Department of Justice announced today, 12 Sept. 2011. The lawsuit, (United States ex rel. Norman Rille and […]
Continue reading …I don’t know the law in Japan, so I can’t tell you if Tokyo Electric Power Co (TEPCO) can plead insanity to the homicides about to happen. But what will Obama plead? The Administration, just months ago, asked Congress to provide a $4 billion loan guarantee for two new nuclear reactors to be built and […]
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