Gross Domestic Product, 3rd quarter 2009 (second estimate) | Corporate Profits, 3rd quarter 2009 (preliminary estimate)
November 25, 2009 by Bill
Filed under Finance/Credit
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.8 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.7 percent. Full Text
Media Advisory – Matz Calls for Lifting of Statutory Member Business Lending Cap
November 25, 2009 by Bill
Filed under Finance/Credit
Alexandria, Va. November 24, 2009 — National Credit Union Administration (NCUA) Chairman Debbie Matz urged the Department of Treasury to support increasing or eliminating the statutory cap on credit union member business lending, and allow NCUA to establish the regulatory parameters.
Federal and State Agencies Target Mortgage Relief Scams
FTC Leads "Operation Stolen Hope" to Stop Fraud and Help Troubled Homeowners
New Deadlines Loom For Federal Court Filings
Time-computation amendments to the Federal Rules of Bankruptcy Procedure, Civil Procedure, Criminal Procedure, and Appellate Procedure go into effect on December 1, 2009.
Four Indicted for Conspiring to Support Hizballah; Six More Face Related Charges
Ten individuals were indicted in Philadelphia on multiple charges, including, among other things, conspiring to export weapons from Philadelphia to the Port of Latakia, Syria. Four of the defendants were were also charged with conspiring to provide support to Hizballah, a foreign terrorist organization.
Former United Way Employee Sentenced for Damaging Computer Network
Luis Robert Altamirano, a former computer specialist for United Way of Miami-Dade, was sentenced to 18 months in prison on computer fraud charges in connection with damaging United Way's computer network after he left United Way's employ.
Indiana Man Sentenced for Production of Child Pornography
Mark Armstrong, of Scottsburg, Indiana, was sentenced to 75 years in prison following his guilty plea to three counts of production of child pornography.
Wisconsin Man Sentenced for Sexually Exploiting Children
Kenneth A. Krueger, of Sussex, Wisconsin, was sentenced to 18 years in prison for sexual exploitation of children which involved the production of child pornography.
Six Sentenced in Michigan for Multi-Million Dollar E-Mail Stock Fraud Scheme
Six individuals were sentenced in federal court in Detroit for their roles in a wide-ranging international stock fraud scheme involving the illegal use of bulk commercial e-mails, or "spamming."
Three New York Execs Convicted in $18 Million Real Estate Securities Fraud Scheme
Mark Alan Shapiro, Irving Stitsky, and William B. Foster, all former principals of a group of companies known as Cobalt, were convicted of securities fraud, wire fraud, mail fraud, and conspiracy charges after they stole more than $18 million from over 150 investors through private placement offerings.