SEC Nails MN-Based Currency Trading Fraud

The SEC nailed a Minnesota-based currency fraud today, a bust that I believe will be the opening salvo in a much bigger battle to protect Americans from this burgeoning area of fraud. SEC Obtains Asset Freeze in Minnesota-Based Foreign Currency Trading Scheme FOR IMMEDIATE RELEASE 2009-253 Washington, D.C., Nov. 24, 2009 — The Securities and…

Finance Blogger Feud Week

So apparently, this is Finance Blogger Feud Week!  Get your programs! Last week’s Felix Salmon versus Zero Hedge dustup was merely a prelude for what was to come to this week. Two biggies to report so far:

The Big Con

There’s a scene in the movie Die Hard with a Vengeance where John McClane (Bruce Willis) finally catches on to the fact that the bomb-scare scavenger hunt he and the NYPD have been sent on is only a distraction, a ruse to cover up the real crime – a heist of the Federal Reserve‘s gold bullion…