Posts filed under “Legal”

How copyright extension in recording actually works

How copyright extension in sound recordings actually works

Category: Legal, Music, Video

More Cablevision Redirect Nonsense

In September, I mentioned that my internet provider, Optimum OnLine by Cable Vision, was hijacking my typos and searches via their DNS Redirect. The company line is that this is a form of search assistance — but that’s transparent bullshit. I didn’t ask for search, and I know how to use Google. Besides, this defeats…Read More

Category: Legal, Regulation, Web/Tech

U.S. Foreclosure Market Data by State – 2008

via Realty Trac http://www.realtytrac.com/ContentManagement/pressrelease.aspx?ChannelID=9&ItemID=5681&accnt=64847

Category: Digital Media, Legal, Real Estate

2008 U.S. Foreclosure Heat Map

> RealtyTrac reported this week that in 2008, the U.S. had a total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — on 2,330,483 U.S. properties. This was an 81% increase over 2007, and a 225% percent increase from 2006. The report also shows that 1.84 percent of all U.S….Read More

Category: Credit, Legal, Markets, Real Estate

Circuit City = $0

Full blown liquidation, no value remains for shareholders. I was going to write “Wow,” but its a tough business, with brutal competition and razor thin margins. CC had too many missteps over the years — and too much debt — to reorg/recover from. WSJ:  Circuit City Stores said it has reached an agreement with liquidators…Read More

Category: Consumer Spending, Legal, Retail

10 Most Unethical People in Business

Via Marketwatch: Bernard Madoff. David Colby, former CFO of Wellpoint Rod Blagojevich, governor of Illinois Heinz-Joachim Neubürger, Karl-Hermann Baumann and Johannes Feldmayer. The two former CFOs and former chairman of Siemens Ted Stevens, former senator from Alaska Bruno A Kaelin, former senior vice president and head of corporate compliance at Alstom Adam Vitale, sentenced to…Read More

Category: Digital Media, Legal

Madoff Never Traded?

Alternative title: The End of Self-Regulation A Boston Globe article today reveals that Madoff’s firms may never have traded — despite NASD/FINRA audits every 2 years since 1960. “As investigators try to untangle the scheme that Bernard L. Madoff hid from investors and regulators for a decade or more, one basic fact is emerging: He…Read More

Category: Legal, Markets, Regulation

No, Madoff Never Turned Down Money

Part of the story about the Madoff Ponzi scheme was that Madoff created this elusive, difficult-to-become-a-member club. The exclusivity and rejections made membership all the more desirable to greedy investors. That actually is turning out to be somewhat of a myth. There is much more to his canny trick of rejecting investors than initially meets…Read More

Category: Hedge Funds, Investing, Legal, Really, really bad calls, Regulation

Why Might a Madoff Plea Deal Take Place?

Fascinating conversation today over lunch today.  It was held under Chatham House Rules, so I cannot reveal the identity of any of the parties or their firms. However, the conversation steered towards the Madoff affair, and one fellow proffered the thinking behind why Madoff remains out on bail, and could be working towards a plea…Read More

Category: Legal, Markets, Trading

Madoff’s Investors Had $43 Billion

via Bloomberg:

Client                   Total          Source

Access International     $1.4 billion   Company statement,
Advisors                                Bloomberg Data

Alicia Koplowitz,        $14 million    Bloomberg News
One of Spain’s richest
women

Aozora Bank Ltd.         12.4 billion   Company statement
                         yen ($137
                         million)

Bard College             $3 million     Bloomberg News
 Read More

Category: Digital Media, Finance, Legal