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POPSDigging Ourselves a Black Hole Whatever your concerns, it is important, in these dark moments, to remember that other people have been having a worse summer than you. To name just a few: John Edwards, the mayor of Detroit and all the people involved in the making of “The Love Guru.” Perspective is all. If you’re going to fret, I say, fret about that black hole. For one thing, it makes it much easier to schedule unpleasant tasks for the second half of September. Heads, the planet survives. Tails, the root canal never happens. The vast majority of the scientific community believes that the Large Hadron will not lead to the destruction of all life as we know it. Or at least as Greg Landsberg, a physicist from Brown University, was quoted as saying, the chances are “totally minuscule.”
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POPSHundreds Swept Up In Mortgage Fraud Arrests In separate arrests, two former Bear Stearns managers in New York were indicted Thursday, becoming the first executives to face criminal charges related to the collapse of the subprime mortgage market. Mortgage foreclosure rescue scams, which promise to help struggling homeowners stave off foreclosure and keep their homes, also have become a major problem, officials said. Typically, unsuspecting owners sign over their homes and then find they are victims of fraud. Officials declined to say who might be the next corporate target, but Mueller said the investigations focus on accounting fraud, insider trading, and failure to disclose the value of mortgage-related securities and other investments. Under review for potential fraud are: investment banks, hedge funds, credit rating agencies, brokerage houses and due diligence firms - which evaluate loans packaged into investments.
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