Stimulus fraud could hit $50 billion

Date: Friday, June 12, 2009

Stimulus fraud could hit $50 billion

Swindlers, con men, and thieves could siphon off as much as $1 out of
every $10 in stimulus money spent as billions of dollars begin flowing
into all corners
of the economy in coming months, a consultant says.

BLACKROCK SNARES BGI IN $13.5 BILLION DEAL
BlackRock agrees to buy Barclays Global Investors in a $13.5 billion
cash-and-shares deal that will create the world's largest asset manager.

BLACKROCK SNARES BGI IN $13.5 BILLION DEAL
BlackRock agrees to buy Barclays Global Investors in a $13.5 billion
cash-and-shares deal that will create the world's largest asset manager.

BLACKROCK'S BGI BUY IS A MIXED BLESSING: ANALYSTS
The U.S. finance group's acquisition of Barclay's fund-management unit
may result in get some cost savings but could also stunt the new
entity's ability to capitalize on some investments.

BGI SALE RELIEVES CAPITAL CONCERNS OVER BARCLAYS
Barclays' $13.5 billion sale of its asset management business to BlackRock
relieves the immediate worries over the bank's capital, analysts said,
though it also increases the group's reliance on investment banking to
generate earnings.