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Money fund assets fell to $3.335T in latest week

Total money market mutual fund assets fell by $3.68 billion to $3.335 trillion for the week, the Investment Company Institute said Thursday.

Money fund assets fell to $3.37T in latest week

Total money market mutual fund assets fell by $2.27 billion to $3.37 trillion for the week, the Investment Company Institute said Thursday.

Okla. utility announces $130M in federal funds

An application by Oklahoma Gas and Electric to install new digital electric meters has been approved for $130 million in federal stimulus funds.

Benefits of donor-advised funds

Benefits of donor-advised funds:

In recession, the philanthropist next door balks

As charities prepare for year-end donation drives, the worst recession in decades has given pause to the philanthropist next door.

Meltdown 101: How does a hedge fund work?

The arrest of a billionaire in an insider trading case last week drew new attention to hedge funds — investment firms that, for many, evoke an exclusive world where the super rich use exotic investing techniques to grow yet richer.

Money fund assets fell to $3.372T in latest week

Total money market mutual fund assets fell by $31.27 billion to $3.372 trillion for the week, the Investment Company Institute said Thursday.

Money fund assets rose to $3.446T in latest week

Total money market mutual fund assets rose by $16.72 billion to $3.446 trillion for the week, the Investment Company Institute said Thursday.

Funds post big numbers as investors bet on rebound

As the third quarter ends, the performance of many mutual funds confirms that investors have regained their taste for risk amid more signs of an economic recovery.

Money fund assets rose to $3.483T in latest week

Total money market mutual fund assets rose $198 million to $3.483 trillion for the week, the Investment Company Institute said Thursday.

Money fund assets fell to $3.482T in latest week

Total money market mutual fund assets fell by $62.6 billion to $3.482 trillion for the week, the Investment Company Institute said Thursday.

US gives ex-general's money back to Peru

The U.S. has returned more than $750,000 to Peru in funds confiscated from the accounts of an ex-Peruvian general convicted of embezzlement and other crimes.

Report: Cerberus investors choose to leave funds

The Wall Street Journal reports that investors in the main hedge funds of New York-based private equity firm Cerberus Capital Management LP want out and are asking for the return of more than $5.5 billion, or about 71 percent of fund assets.

Money fund assets fell to $3.559T in latest week

Total money market mutual fund assets fell by $21.35 billion to $3.559 trillion for the week, the Investment Company Institute said Thursday.

Former NM secretary of state indicted

The New Mexico attorney general says a grand jury has returned indictments against former Secretary of State Rebecca Vigil-Giron and three others, alleging misuse of public money.

Money fund assets fell to $3.581T in latest week

Total money market mutual fund assets fell by $12.07 billion to $3.581 trillion for the week, the Investment Company Institute said Thursday.

Money fund assets fell to $3.606T in latest week

Total money market mutual fund assets fell $27.45 billion to $3.606 trillion for the week, the Investment Company Institute said Thursday.

Money fund assets fell to $3.6 trillion this week

Total money market mutual fund assets fell $21.98 billion to $3.634 trillion for the week, the Investment Company Institute said Thursday.

Poll: Americans lacking in emergency funds

Many Americans are badly lagging in their emergency funds even as rising unemployment increases the odds they will need to rely on them to get by, a new survey released Tuesday shows.

Money fund assets rose to $3.656T in latest week

Total money market mutual fund assets rose by $9 billion to $3.656 trillion for the week, the Investment Company Institute said Thursday.

Plan would give SEC oversight of hedge funds

The Obama administration has sent legislation to Congress that would bring hedge funds and other private pools of capital under government supervision.

Feds: NY woman misused UN funds meant for Iraq

An American woman and an Iraqi-born associate are charged with misusing some of the $350,000 the United Nations gave them to start a radio station to promote women's rights in Iraq.

Cities to receive money for fighting homelessness

State-by-state look at cities, counties and communities where stimulus money will be distributed to combat homelessness and the dollars for each location, according to the Housing and Urban Development Department:

HUD releases $1.2B in stimulus funds for homeless

The Housing and Urban Development Department is using $1.2 billion in stimulus money to fight homelessness in hundreds of locations across the country.

Spring rally lifts broad range of mutual funds

Wall Street's spring rally has allowed many mutual funds to score an achievement that has eluded them throughout the credit crisis and recession: a winning quarter.

The Vine
Check Yourself, Your Friends', Your Neighbors', Your Kids' For Unclaimed IRS Rebate Funds
Source: Inside Bay Area Most Viewed

There are 107,831 rebate checks at the IRS that were marked undeliverable and returned to them earlier this year. This tool lets you easily and quickly check their records to see if one of them belongs to someone near you. The total of the checks stands at $123.5 M.

efinancialnews
Source:

Daily and weekly news, analysis and comment on the securities & investment banking industry, funds, hedge funds, private equity and trading & technology

Millions may have to repay part of Obama tax credit
Source: The L.A. Times

For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit.

Inside Trading 'Systemic' Among Hedge Funds, SEC's Khuzami Says
Source: Bloomberg.com

U.S. Securities and Exchange Commission Enforcement Director Robert Khuzami said the recent insider-trading cases among hedge funds including Galleon Group reflect "systemic behavior" in the industry.

7,000 Americans Run Out of Unemployment Benefits Every Day
Source: finance.yahoo.com

Another day, another 7,000 people run out of unemployment benefits. One month after the House passed a bill extending unemployment benefits, the issue is still being debated in the Senate.

Twitter's "Follow Friday" - Causes You Should Follow

The latest rage these days isn't the segway or an even the iPod. It's Twitter.

ACORN embezzlement was $5 million, La. attorney general says
Source: NOLA.com

An internal review by the board of directors of the community organization ACORN determined that the amount allegedly embezzled from the community organization was $5 million, well more than the previously reported amount of nearly $1 million, according to a new subpoena in an in …

Fund to undermine economic sovereignty
Source: The News International

Fund to undermine economic sovereignty By: Afzal Bajwa | Published: September 26, 2009

US funds were diverted to strengthen defence against India: Musharraf
Source: Times of India

ISLAMABAD: Former President Pervez Musharraf has said that military aid provided by the US to Pakistan for the war against terror during his tenure had been used to strengthen defences against India, the first such admission by any top Pakistani leader

Federal funds to help with foster children adoptions
Source: tulsaworld.com

A federal agency has awarded Oklahoma $1.5 million to help increase the number of children adopted from foster care.

Waste, shoddy oversight mark homeland security spending
Source: The Sacramento Bee

Editor's note: California Watch is a new reporting unit of the nonprofit Center for Investigative Reporting, based in Berkeley. The Sacramento Bee plans to use their work on occasion.

UF study: Cheap drinks equal drunk students
Source: gainesvile.com

It seems fairly obvious that cheap booze can lead to students getting more drunk.

Woman loses $4,000 in Facebook scam
Source: Yahoo! News

A woman has been bilked out of $4,000 by scammers who used a hacked Facebook page of one of her friends.

Charity with Someone Elses Money

Hypothetically, let's say you have a neighbor named Juan T Moore (the hispanic first name is not meant to insult any race, but merely makes the name sound like "Want More"). Juan is a good person, He works hard and makes an OK living. He has a wife and 3 children.

Fund-Raiser for Obama and Clintons Charged With Fraud
Source: The New York Times

A prominent Democratic party fund-raiser for Barack Obama and Hillary Rodham Clinton was arrested in Manhattan on Tuesday on charges that he lied about his assets to obtain a $74 million loan from Citibank, the United States Attorney's office said.

Anthony sues former business manager for misappropriated funds
Source: USA Today

Carmelo Anthony (FSY) is suing his former business manager, alleging he misappropriated more than $2 million of the Denver Nuggets star's assets.

Fed to Hike Rates to 7% by Mid-2011: Strategist
Source: CNBC Top News and Analysis

I do not see how the fed could raise rates that dramatically over such a short period of time. I certainly see them raising the rate in order to promote a gradual recovery rather than a quick one. Only a year ago the rate was 2.00%, now it's 0.25%.

URGENT - CA Governor Eliminates Funding for Domestic Violence Programs
Source:

Hello Stop Family Violence California! There is frightening news for victims of domestic violence in the Governor's budget. Governor Schwarzenegger has eliminated all state funding for Domestic Violence programs - funding that legislators had approved!

Federal Reserve chairman Ben Bernanke: "I Don't Know" Which Foreign Banks Were Given Half a Trillion
Source: Alex Jones' Prison Planet.com

Asked which European financial institutions received the money, which was handed out by The Federal Open Market Committee (FOMC), a component of the Federal Reserve System, Bernanke responded, "I don't know."

Ron Paul: Establishment Can No Longer Ignore Calls To Audit The Fed:Congressman says Washington elite are watching grassroots efforts very closely
Source: Alex Jones' Prison Planet

Texas Congressman Ron Paul has recorded a video update on the ongoing effort to audit the Federal Reserve, assuring supporters that the establishment in Washington is paying very close attention.

Rendell faces questions on stimulus funds
Source: The Philadelphia Inquirer

WASHINGTON - U.S. Rep. Jason Chaffetz, a Republican from Utah, is no fan of the federal stimulus package. He thought it was a waste when it was passed in February.

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