Tag Archives: Losses

$10bn!! Now that is huge. But its normal considering that both the parties are big financial giants. Insurance group AIG is accusing Bank of America of “massive fraud” on bad mortgage debt. AIG alleges that BoA exaggerated the quality of the $28bn worth of mortgage-backed investment products it bought from the bank prior to the 2008 turmoil in the financial ... Read More »

The verdict of court on The Pirate Bay founders has clearly echoed through out the world. The Pirate Bay, a well known torrent site, has been facing the charges of Copyright infringement and piracy for many years. The result of the accusation led them to jail term last year but the founders some how convinced the court for an appeal. ... Read More »

The Vince Young meltdown happened after the Tennessee Titans lost to the Washington Redskins with an overtime loss of 19-16 this past Sunday.  Vince Young, starting Quarterback of the Titans, injured his right thumb (his throwing hand), but his meltdown started before the injury occurred. Young was reacting to the crowd’s booing, and the Titans’ coach, Jeff Fisher, didn’t respond ... Read More »

A small Bank in Florida has joined the long list of failed banks this year. It is the 126th bank to fail in 2010. This is also the 24th bank to fail in the state of Florida alone this year. Regulators on Friday shut down a small bank in Florida, lifting to 126 the number of bank failures this year. ... Read More »

Tennis King Roger Federer has finally wed his long waited girlfriend.Roger federer who is world number 2 at present met with Mirka Vavrinec during the  olympics games in 2000. “It was a beautiful spring day and an incredibly joyous occasion,” the 27-year-old Swiss told in his website.And the couple is now expecting a child. Since october last year federer has ... Read More »