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WASHINGTON — Treasury Secretary Tim Geithner said Monday the government shouldn't rein in executive pay but should change corporate incentives so officials aren't rewarded for taking the kinds of risks that helped sink the economy. "I don't think our government should ...Read More

Will the Fed actually stop snapping up mortgage-backed securities (MBS)? Maybe, but they better be on guard if they do, in terms of what will happen to the housing market. Calculated Risk offers this interesting analysis. Earlier this year, Political Calculations introduced a ...Read More

But, hold on, says Levin in a recently filed countersuit. Cage, nephew of director Francis Ford Coppola, was in financial ruin when the CPA joined Team Nic in 2001. "Coppola [Cage] had already squandered tens of millions of dollars . . ...Read More

Actor Nicolas Cage is being sued by his former business manager, who claims lavish spending, not his advice, is to blame for the actor's financial problems. Samuel J. Levin filed a countersuit in Beverly Hills on Nov. 12, less than a ...Read More

LOS ANGELES (AP) - Nicolas Cage is being sued by his former business manager, who claims lavish spending, not his advice, is to blame for the actor's financial problems. Samuel J. Levin filed a countersuit in Beverly Hills on Nov. 12, ...Read More

(MYFOX NATIONAL) - Actor Nicolas Cage has fallen on hard times recently having two homes foreclosed and facing a $6 million tax bill. Cage is suing his former business manager, Samuel J. Levin, for $20 million claiming Levin sent him ...Read More

NEW YORK — Two Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the shaky subprime mortgage market were acquitted Tuesday of lying to investors – a defeat in the government's bid to punish fraud exposed ...Read More

WASHINGTON (Reuters) - The flow of swine flu vaccines to the U.S. market is picking up, health and corporate officials said on Tuesday, and now the challenge will be to get the drugs to people. Dr. Anne Schuchat of the U.S. ...Read More

WASHINGTON - It hurts more to be unemployed now than the last time the jobless rate hit 10 percent. Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer ...Read More

WASHINGTON (AP) - It hurts more to be unemployed now than the last time the jobless rate hit 10 percent. Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks ...Read More

* Trial of ex-Bear Stearns managers nears end * Jury to start deliberations on Monday * Verdict to be closely watched for future cases (Adds quotes, details on email, redemptions) NEW YORK, Nov 6 (Reuters) - The trial of two former BearStearns hedge ...Read More

Despite being able to command about $20 million a movie, actor Nicolas Cage is in serious money trouble. The actor's New Orleans homes, each valued at about $3.5 million, are hitting the auction block on November 12th, NOLA.com reports. The homes ...Read More

The reason “National Treasure” actor Nicolas Cage is having a real-estate liquidation sale - selling properties he owns all over the world, including one in Rhode Island - has become clear: He’s broke! Cage, who has made millions and millions over ...Read More

Nicolas Cage is suing his former business manager for $20 million, claiming that bad advice and mismanagement have steered him toward financial ruin, the AP reports. The Academy Award-winning actor, 45, filed the lawsuit Friday against Samuel J. Levin and his ...Read More

Oct. 17 (Bloomberg) -- Nicolas Cage, the Academy Award-winning film actor seen in “Leaving Las Vegas,” “Moonstruck”and “National Treasure,” sued his former business manager,claiming financial ruin. Manager Samuel Levin’s alleged failure to pay the actor’staxes, combined with poor investment decisions, sent ...Read More

Nicolas Cage sued his former business manager for $20 million yesterday, claiming bad advice and mismanagement led him toward financial ruin. Cage filed the lawsuit against Samuel J. Levin and his firm. Levin served as Cage's business manager from 2001 to 2008 ...Read More

LOS ANGELES (AP) - Nicolas Cage sued his former business manager for $20 million on Friday, claiming bad advice and mismanagement led him toward financial ruin. Cage filed the lawsuit against Samuel J. Levin and his firm. "Instead of protecting and preserving ...Read More

LOS ANGELES (Reuters) - Actor Nicolas Cage filed a $20 million lawsuit against his former business manager on Friday, accusing him of negligence and fraud that sent the "National Treasure" star "down a path toward financial ruin." Cage claimed that his ...Read More

Washington, October 14 - In their September meeting, members of the Federal Open Market Committee (FOMC) expressed a range of opinions about the rate at which they would slow purchases of agency debt and mortgage backed securities, according to meeting ...Read More

Sept. 29 (Bloomberg) -- Government of Singapore InvestmentCorp. said it is confident about the long-term prospects of UBSAG and Citigroup Inc. as the banks overcome challenges returningto profit. The manager of more than $100 billion of the city’s foreignreserves is still ...Read More

Call it a health care gamble: the decision by some people to opt out of health insurance, paying cash for routine care while playing the odds that an accident or catastrophic illness won't plunge them into financial ruin. President Barack Obama's ...Read More