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Tag: ringtones

FBI Investigates Possible Front Running of Fannie Mae, Freddie Mac in Trader Scam

Steve Neavling
ticklethewire.com

The FBI is investigating whether Wall Street conspired to rig rates on Fannie Mae and Freddie Mac to manipulate the key derivatives market, Reuters reports.

Agents said the traders swapped messages through hand signals and ring tones to manipulate large orders by Fannie Mae and Freddie Mac. 

Reuters wrote that a former high-level employee said the scam raked in $50 million to $100 million in profits.

The identities of the traders under investigation were not revealed.

 

Must Have? Paper Offers Ringtones of Rod Blagojevich FBI Recordings

iphoneBy Allan Lengel
ticklethewire.com

As absurd as this sounds, this might be a “must have” for your cell phone.

The State Journal-Register in Springfield, Ill.,  is offering ringtones on iPhones with the FBI recordings of ex-Gov. Rod Blagojevich, who is on trial in Chicago on public corruption charges, USA Today reports.

The paper reports the ringtones include such colorful statements as: “Only thirteen percent of you all out there think I’m doing a good job. So (expletive) all of you.”

Another one says: “I’ve got this thing and it’s (expletive) golden. And I’m just not giving it up for (expletive) nothing.”