Scam Diego Entries for September, 2008

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San Diego Home Prices Down 25% Over Past Year, 31.2% from Peak

Single-family home prices continue to decline, according to Standard & Poor's/Case-Shiller data released this morning (Sept. 30). Over the past ...

House Was Right to Reject Deceptive Wall Street Bailout. One That Comes Later This Week Must Protect Taxpayers

The concepts of democracy and free markets were the winners today (Sept. 29) when the House voted narrowly to reject ...

USD's Partnoy Says Government Should Buy Actual Mortgage Loans, not Derivatives

University of San Diego law professor Frank Partnoy, whose 1997 book, F.I.A.S.C.O., originally exposed the danger of derivatives, this morning ...

Report: Chinese Regulators Told Country's Banks To Stop Interbank Lending to U.S. Institutions

Finally, there has been a report that makes sense in this move to socialize the U.S. financial system. The South ...

Paulson Raked in $27 Million a Year While Heading Goldman, Says Expert Graef Crystal, Who Opposes the $700 Billion Bailout and Also Opposes Compensation Controls

Wonder why Treasury Secretary Hank Paulson is resisting pay controls on financial companies that turn over their toxic mortgage paper ...

Reporters Say They Have Seen Singleton at U-T. But Will His MediaNews, with Hearst, Be A Buyer?

William Dean Singleton, founder of Denver-based MediaNews Group, has been prowling the halls of the Union-Tribune, reporters say. MediaNews owns ...

Biotech Sequenom Stock Up 32% on Optimism for Down Syndrome Test

Shares of biotech Sequenom are up 31.57 percent this morning (10 a.m. Sept. 24) to $27.05, a six-year high, after ...

Blog Satirist Says Paulson's Plan for Wall St. Bailout Resembles Nigerian Letter

The political blog Daily Kos today (Sept. 24) picks up a delicious piece of satire originally printed in another blog, ...

KLSD-AM Admits On-Air Personality Rigged Arbitron Ratings

On Friday afternoon, Bob Bolinger, president/market manager of Clear Channel in San Diego, admitted to members of the local advertising ...

Paulson's socialistic plan to bail out Wall Street is election year fraud

Treasury Secretary Hank Paulson proposed today, September 19, a scheme by which the government would relieve financial institutions of toxic ...

More Wall Street Socialism; Insurer AIG Bailed Out by Feds for $85 Billion. Markets Like It. Will Taxpayers?

The Federal Reserve tonight (Sept. 16) agreed to a bailout of $85 billion to rescue American International Group (AIG), the ...

Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes

Union-Tribune staffers say columnist Gerry Braun is leaving the paper. His wife, Ruth McKinnie Braun, was one of the employees ...

Stocks Plunge; Insurance Giant AIG May Be Next Casualty. Era of Excessive Debt Probably Coming to Inglorious End

The Dow Jones Industrial Average plunged more than 500 points today (Sept. 15), following the bankruptcy filing of Wall Street's ...

Wall Street Collapses of Its Own Hubris, Gambling with Borrowed Funds. Two of Biggest Houses, Merrill Lynch and Lehman, Disappearing

With the Federal Reserve and federal government calling the shots (and putting in money, but not too much), two of ...

Eight-Year Saga of Port's Phantom $21 Million for Ballpark Finally Ends. It's a Tale of Typical San Diego Deceit

Judge William R. Nevitt, Jr. has ruled that former port commissioner Harvey Furgatch is entitled to attorney fees and statutory ...

SEC Charges That LPL Financial Failed To Protect Customers' Privacy

The Securities and Exchange Commission today (Sept. 11) took an enforcement action against LPL Financial for failing to adopt policies ...

CCDC Kills 7th and Market Project; Chairman Maas Says Related Group May Be Victim, Attacks Local Developer

Centre City Development Corp.'s board killed the proposed project at 7th and Market this morning (Sept. 10), but was disrespectful ...

Golf Clothes Maker Ashworth May Sell Company; Stock Plunges 21.6 Percent

Carlsbad golf clothing maker Ashworth Inc. announced late yesterday afternoon (Sept. 9) that it is "exploring strategic alternatives, including the ...

La Jolla Now Has Nation's Most Expensive Homes, According to New Study

La Jolla's home prices are the most expensive in the nation, according to Coldwell Banker's annual home price comparison index. ...

It's Official: Federal Government Seizes Fannie and Freddie. Will Reform Come Next?

Treasury Secretary Henry Paulson announced this morning (Sept. 7) the long-expected news: the government will take over mortgage behemoths Fannie ...

Conservative Wall Street Journal Heaps Praise on Liberal Mike Aguirre, Citing His Pension Battle

An editorial in the current Wall Street Journal (Sat./Sun. Sept 6-7) gives a rave editorial boost to San Diego City ...

If Common Shareholders Are Wiped Out in Fannie/Freddie Bailout, Brandes Could Take Another Hit

The New York Times Reports this morning (Sept. 6) that Fannie Mae and Freddie Mac, the big mortgage giants, may ...

SEC Charges La Jolla Software Firm, Retail Pro, with Accounting Fraud

The Securities and Exchange Commission today (Sept. 4) charged software firm Retail Pro, formerly Island Pacific, with an accounting fraud ...

Union-Tribune Employees Camp Out All Night in Lobby To Be First in Line To Get Buyout Forms

About 50 Copley Press employees, anxious to be first in line to get forms for the latest buyout, camped out ...

Local Newsweek Correspondent Pleads to Chargers: "Don't Bolt!"

In the Aug. 29, Newsweek online edition, Jamie Reno, local correpondent for the national weekly, laments, "It's fourth and long ...

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