First paragraph of the letter: “When I came to Marquette 40 years ago I was told Marquette supported academic freedom. I believe that and acted on that assurance and was tenured and promoted to the highest rank. That is the Marquette I know. That is the Marquette I respect, and that is the Marquette I have just seen demeaned and betrayed.”

“Marquette University has pulled an offer to hire a new dean for the College of Arts and Sciences from a lesbian who has written scholarly works on gender and sexual orientation, a move that is sparking criticism from faculty and a protest by students….”

The Fenian Brotherhood, based in the United States, raided British army forts, customs posts and other targets in Canada in order to bring pressure on Britain to withdraw from Ireland, between 1866 and 1871.

Wall Street Banks Repackaged Same Risky Bonds into Numerous Securities, Spreading the Pain Across Multiple CDOs

It was just about a month ago that Obama was calling for more offshore drilling. Maybe this will get him to push Congress to finish work on the federal biodiesel tax incentive and save the biodiesel industry before it’s too late.

Goldman Sachs Group Inc. fell in New York trading after reports that federal prosecutors are weighing criminal fraud charges against Wall Street’s most profitable firm and the stock was downgraded to “neutral” from “buy” at Bank of America Corp.

“The SEC and the Fed were privy to everything as it was happening,” Mr. Fuld plans to say, according to a copy of his prepared remarks. “I am not aware that any data was ever withheld from them, or that either of them ever asked for any information that was not promptly provided.”

These things should have never existed. It is nearly impossible for fair and full disclosure to exist with securities of this sort, as nobody in their right mind is going to buy an instrument which comes into existence only because the person on the other side of the transaction believes the reference securities are going to zero!

The Securities & Exchange Commission charged Goldman Sachs Group Inc. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages.

The SEC said Goldman Sachs structured and marketed a synthetic collateralized-debt obligation, or CDO, that hinged on the performance of subprime residential mortgage-backed securities.

The CDO was structured and marketed by Goldman in early 2007 when the U.S. housing market and related securities were beginning to show signs of distress, the SEC complaint said.

“Madison — The strong response to a new state health plan that insures low-income adults who don’t have children younger than 19 is forcing the state to stop accepting applicants Friday…..”