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Last year, the Securities and Exchange Commission (SEC) began investigating one of the nation's largest hedge funds, Pequot Capitol Management, for possible insider trading. Up until last summer, the inquiry was headed by SEC lawyer Gary Aguirre. His investigation proceeded smoothly, Aguirre claims, until he asked for testimony from former Pequot chairman and Morgan Stanley CEO, John Mack, a top Bush donor. Read More

A former government attorney told Congress on Wednesday that he was fired for investigating a hedge fund too aggressively and said law enforcement is failing in its duty to protect investors in the growing hedge fund industry. Read More

In honor of this Award, World President James ''Bonds'' Wolfensohn will receive a low-interest loan to pay for his upcoming Toxic Tour of World Bank Project sites. Read More

A trial set to open here Monday is expected to be the first legal test of the wind-versus-water debate that has pitted thousands of Gulf Coast policyholders against their insurance companies since Hurricane Katrina. Read More

Drivers from low-income neighborhoods of New York, Hartford and Baltimore, insuring identical cars and with the same driving records as those from middle-class neighborhoods, paid $400 more on average for a year's insurance.The poor are also the main customers for appliances and furniture at "rent to own" stores, where payments are stretched out at very high interest rates; in Wisconsin, a $200 television can end up costing $700. Read More