Citigroup is expected to announce the latest installment in its subprime and credit crisis debacle. A fourth quarter writedown in the range of $20-24 billion has been predicted. Citigroup is also expected to announce a 50% dividend cut, after assurances
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Army Major Arrested For Money Laundering
By Fred Abrams
According to the Washington Post, U.S. Army Major John Cockerham, his sister, and wife were all recently arrested for hiding the proceeds of the largest bribery case in Iraq by money laundering. As the Washington Post further mentioned, Major Cockerham allegedly received $9.6 million in bribe money, (and was awaiting
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