Perps Walk! No One Cares! Barack Obama Gently Pulls Probe Out of AIG's Joseph Cassano

Our question last October, posed by James Lieber: "When Do We Go After the Crooks Behind Our Financial Collapse?" Now we know the answer: Never.

Why aren't you more pissed off? Why is this story being underplayed?

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Warren Buffett Backs Goldman Sachs, Eviscerates Peanut Brittle Bag

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Here he is, eating something else.
Third richest person in the world Warren Buffett spoke in support of Goldman Sachs at a press conference on Sunday, saying that the bank didn't do anything to warrant the public fury that has ensued, and also that things are getting better, ya'll!

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Citigroup Plans to Raise Executive Salaries Up to 50%

Categories: Bidness, Julia

According to Bloomberg News, Citigroup Inc., which got $45 billion dollars in bailout money from the federal government, will be raising the base salaries of their investment bankers and traders as much as 50 percent. Citigroup's market value dropped 84 percent in the past year.

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Online Coupon for New York Stores Gives Kmart a National Black Eye

via Consumerist, someone in Kmart's promotion department is having trouble grasping how the internets work. The mega-store sent out e-mails to customers in New York and two other urban markets offering $10 off a $20 purchase. Problem is, the coupon was living on their server in pdf format, and someone in marketing saved some valuable layout time by saying the offer was "Valid at all Kmart store locations."

Only it wasn't. Kmart only intended to honor the coupon in the three markets it was mailed to. Unfortunately, the folks who posted the link at online coupon sharing sites had no way of knowing that, and neither did the people who downloaded it. Neither, apparently, did Kmart employees outside the intended area of the offer, which is when things got ugly.

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Cablevision Loses ABC Just in Time for Oscar Night

ABC parent company Disney wants Cablevision to pay a per-viewer fee for carrying their signal. Cablevision doesn't want to pay the fee Disney is asking to carry broadcast signals that anyone can access with a digital antenna for free. At least some of Cablevision's 3.1 million subscribers probably want to watch the Academy Awards tonight. Somebody's not going to get what they want. The ABC signal was pulled from Cablevision at midnight, just in time for the Oscars.

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Harold Ford Definitely Plans to File His First NY Tax Return

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Turns out one of the things Harold Ford is planning to learn in his getting to know you tour of the state he wants to represent in the Senate is what it feels like to file his taxes here. Gawker got confirmation yesterday from Ford spokeswoman Tammy Sun that the would-be junior New York Senator will be filing a New York tax return for the first time this year.

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Business Improvement District Proposed for Seventh Avenue, Brooklyn

Categories: Bidness, Featured
The Brooklyn Paper reports some Park Slope merchants are trying to start up a Business Improvement District on Seventh Avenue in Brooklyn, like the BID that pays for those orange-jumpsuited folks who clean out trash barrels in Times Square.

The BP takes the angle that a BID amounts to a tax which all property owners, regarding of their wishes, must pay -- which is true (it's generally one of the few taxes about which conservatives are enthusiastic), though the city must approve it. But supporters say similar BIDs are flourishing in surrounding neighborhoods; also, the area's Chamber of Commerce president Mitch Szpicek says, "The fees might go up, but the [business's] rent might go up [thanks to the BID] because their community is going to be more vibrant." And you can't put a price on vibrancy.

Szpicek also tell Courier Life papers that the C of C, unlike the proposed BID, relies on voluntary contributions from its membership of 100. "You tell me which you would rather have, 300 or 100?" he asks.