Fraud detectives arrested the former chief executive of Anglo Irish Bank and charged him Tuesday over a conspiracy to hide colossal losses at the bank that brought the nation to the brink of bankruptcy.
Officers of the Bureau of Fraud Investigation arrested Sean FitzPatrick, 64, at Dublin Airport as he returned from a holiday around 5:30 a.m.
The words and actions of Sheriff Joe Arpaio are vital in determining whether the Sheriff's Office has a systemic problem with profiling Hispanic residents.
But as testimony Tuesday in U.S. District Court revealed, there are two Joe Arpaios -- the politician and the policy maker -- and there are questions as to which Arpaio is responsible for setting priorities for illegal-immigration enforcement.
Former Citigroup Chairman & CEO Sanford I. Weill, the man who invented the financial supermarket, called for the break up of big banks in an interview on CNBC Wednesday.
What we should probably do is go and split up investment banking from banking, have banks be deposit takers, have banks make commercial loans and real estate loans, have banks do something that’s not going to risk the taxpayer dollars, that’s not too big to fail,” Weill told CNBC’s “Squawk Box.”
Ever since the financial crisis, U.S. banks and their investors have held out hopes of a return to the good times, when lending profits steadily rose and commercial and investment banking flourished together. But analysts and investors are now questioning whether things have changed for good.
There aren't that many people in the "global high-wealth individual" group—only about 8,000 taxpayers a year who have more than $10 million in annual income—and Romney is "exactly the kind of taxpayer the program was designed to look at," says Rebecca Wilkins, a lawyer at the Center for Tax Justice who used to work with rich clients as a CPA. It's possible for someone with a lot of income, like a corporate CEO, to have a fairly simple tax return, Wilkins says. But Romney's return from 2010 (the only completed one he's released so far) weighs in at 203 pages; 55 pages are simply devoted to disclosing the existence of a host of foreign transactions in tax havens like the Cayman Islands. In his domestic portfolio, there's Romney’s IRA, to which he was legally able to contribute only around $30,000 a year but which is now mysteriously worth between $21 and $102 million. It's the sort of stuff that the new IRS unit is supposed to vet.
Main 
