26 Jun '11, 5pm

Another Settlement From Wall Street | Care2 Causes

Another in a series of settlements related to the financial fraud surrounding the housing market bubble and subsequent collapsed, JPMorgan Chase announced it will pay $153.6 million to settle civil fraud charges brought by the Securities and Exchange Commission that the firm misled investors into purchasing complex mortgage securities it knew were bad just as the housing market was starting its free-fall. The SEC alleges that JPMorgan created and marketed a synthetic collateralized debt obligation (CDO) without disclosing to investors that a hedge fund helped select the assets in the CDO. That omission was critical because the hedge fund was simultaneously betting against the performance of more than half the assets that had been bundled in the CDO, effectively betting that a product it was selling to investors as safe would fail and fail quickly. The scam created a win-wi...

Full article: http://www.care2.com/causes/another-settlement-from-wall-...

Tweets

NYC Geese to be Cooked for Poor | Care2 Causes

care2.com 27 Jun '11, 4am

Sounds to me like this is another example of an ineffective solution to a problem. If the problem is air safety, then capt...

Seagull Steals Camera! | Care2 Causes

care2.com 26 Jun '11, 8am

I think that this is most likely to be a case of viral marketing by GoPro - marketing strategy that they've apparently uti...

New Focus on Media Consolidation | Care2 Causes

New Focus on Media Consolidation | Care2 Causes

care2.com 25 Jun '11, 7pm

A new campaign launched by SavetheNews.org targets a growing threat to the free-flow of information and ideas, so crucial ...

Health Alarm! Overweight Toddlers | Care2 Causes

care2.com 25 Jun '11, 11am

I'm sorry, but IME, this is BS. First of all, that photo used is of a *baby*, and not even a particularly fat looking baby...

Diabetes Taking On Epidemic Proportions | Care2...

care2.com 26 Jun '11, 2am

I believe that this firmly established condition/disease is linked directly to several factors, such as our diet (fast foo...

Recent Graduates Head for Green Jobs | Care2 Causes

Recent Graduates Head for Green Jobs | Care2 Ca...

care2.com 27 Jun '11, 1am

In the months before I graduated from college, my conversations were dominated by the job search – how people were doing,...

Grateful Skunk "Thanks" Woman For Saving Him | ...

care2.com 27 Jun '11, 7am

I used to work at a stae psychiatric hospital on midnights. I had to pick up reports from all of our satellite buildings a...

Ai Wei Wei is Free, But... | Care2 Causes

Ai Wei Wei is Free, But... | Care2 Causes

care2.com 26 Jun '11, 12am

Today, the Chinese authorities freed a prominent dissident, Hu Jia, a leading, and highly vocal, advocate for democratic r...

From Ella | Care2 Causes

From Ella | Care2 Causes

care2.com 02 Jul '11, 10am

If you’ve ever loved a pet, you can understand this poignant song written by Allison Morgan. Missing her husband one night...

Could School Librarians Become Extinct? | Care2 Causes

Could School Librarians Become Extinct? | Care2...

care2.com 27 Jun '11, 4am

In an era of severe cuts to school budgets — an era in which the internet has made information (think Wikipedia and even b...

Kitten Falls From Garden Wall & Rescuers Rush In | Care2 Causes

Kitten Falls From Garden Wall & Rescuers Rush I...

care2.com 29 Jun '11, 8am

On our final day in Athens, Greece, we decided to stop by a nest of stray kittens we had visited before. They were high up...

RIM down over 20% on Wall Street

RIM down over 20% on Wall Street

channelnewsasia.com 17 Jun '11, 6pm

NEW YORK - Shares in Research in Motion plunged on Wall Street Friday after the BlackBerry maker lowered its outlook for t...

US Debt Ceiling, Greek Debt Crisis | Care2 Causes #crisis

US Debt Ceiling, Greek Debt Crisis | Care2 Caus...

care2.com 25 Jun '11, 5am

$14.3 trillion: That’s the amount of the US debt ceiling. Negotiations about the debt ceiling are, hopefully, in their fin...

A Minority Majority Among Young Americans | Care2 Causes // & this might be a good thing!

A Minority Majority Among Young Americans | Car...

care2.com 26 Jun '11, 3am

80 percent of Americans over 65 years old is white; among American aged 45 – 60, 75 percent are white. But within just abo...