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Mar 27, 2015

Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Press Release - March 27, 2015: Florida Man Sentenced to More Than 11 Years in Federal Prison for Mortgage Relief Scam

Jonathan Herbert was sentenced today to more than 11 years in federal prison for operating a "mortgage relief" scam, announced the Special Inspector General for the Troubled Asset Relief Program.  Through the scheme, Herbert victimized at least 247 homeowners out of approximately $750,000.
Read the news release here.

To report allegations of fraud, waste, abuse, mismanagement, or misrepresentations involving the taxpayer-funded Troubled Asset Relief Program, call (877) SIG-2009 or send confidential information to SIGTARP via an online Hotline form 

Audit reports and quarterly reports to Congress about the management and transparency of TARP programs are posted here.

SIGTARP welcomes comments and suggestions.  You may reach us at the phone number and mailing address below: 
Phone:   (202) 927-8940
Mail:    Office of the Special Inspector General for the Troubled Asset Relief Program 
               1801 L Street NW
               Washington, DC  20220

FRB Notification - March 27, 2015: Speech by Chair Yellen on normalizing monetary policy

At the "The New Normal Monetary Policy," a research conference sponsored by the Federal Reserve Bank of San Francisco, San Francisco, California
Released by the Board of Governors of the Federal Reserve System

DealBook P.M. Edition - March 27, 2015: Top story: Dow Chemical to Merge Unit With Olin

FRIDAY, MARCH 27, 2015
A Dow Chemical plant across in Oyster Creek, Texas.
Dow Chemical to Merge Unit With Olin In a $5 billion deal, Dow shareholders will own 50.5 percent of the rival chemical company.

WSJ | Biggest gainers Closing on March 27, 2015.

Biggest Gainers Closing
Biggest Gainers
4:47 pm ET 03/27/2015
Oxford Industries (OXM)1,114,274$70.8011.2918.97
Olin (OLN)9,666,28631.003.8114.01
Globant (GLOB)2,612,43921.072.5713.89
Intrexon (XON)2,192,64243.003.639.22
China Eastern Airlines ADS (CEA)52,93128.841.997.41
Carnival ADS (CUK)734,03548.133.237.19
Adeptus Health (ADPT)226,84550.133.106.59
Royal Caribbean Cruises (RCL)5,236,19279.854.856.47
Carnival (CCL)12,406,86247.122.706.08
Cheetah Mobile ADS (CMCM)714,69917.521.006.05
China Southern Airlines ADS (ZNH)216,65332.111.795.90
ConAgra Foods (CAG)6,539,25236.762.015.78
Christopher&Banks (CBK)673,8395.530.305.74
Axiall (AXLL)2,359,18246.632.445.52
BrasilAgro-Companhia Brasileira de Propriedades Agricolas ADS (LND)2,0742.780.145.30 ADS (WUBA)1,170,90049.832.405.06
Ethan Allen Interiors (ETH)278,36827.161.274.91
CNOOC ADS (CEO)402,030141.306.494.81
Media General (MEG)938,09716.630.764.79
Leju Holdings ADS (LEJU)419,8637.910.364.77
Harris Corp. (HRS)4,073,82076.753.474.74
Valhi (VHI)113,9336.120.274.62
Rite Aid (RAD)42,037,1858.570.374.51
Box Cl A (BOX)704,01818.300.764.33
Manchester United Cl A (MANU)286,56216.450.684.31

WSJ | Biggest Decliners Closing on march 27, 2015.

Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 03/27/2015
Quiksilver (ZQK)6,793,634$1.90-0.35-15.56
Gerdau ADS (GGB)14,627,1073.06-0.38-11.05
Magnum Hunter Resources (MHR)3,957,0532.49-0.27-9.78
FutureFuel (FF)200,58310.82-1.09-9.15
Peabody Energy (BTU)21,378,5465.13-0.47-8.39
Javelin Mortgage Investment (JMI)669,6907.82-0.70-8.22
Pioneer Energy Services (PES)1,633,2844.89-0.43-8.08
Higher One Holdings (ONE)227,7842.31-0.19-7.60
C&J Energy Services (CJES)2,001,85211.92-0.98-7.60
Banco Bradesco ADS (BBDO)7,6318.93-0.70-7.27
Comstock Resources (CRK)1,709,7643.42-0.26-7.07
Companhia de Saneamento Basico do Estado de Sao Paulo ADS (SBS)3,106,7635.16-0.38-6.86
Goodrich Petroleum (GDP)2,790,4753.28-0.22-6.29
Stone Energy (SGY)872,42014.34-0.91-5.97
Central Pacific Financial (CPF)886,29922.98-1.45-5.94 ADS (WBAI)1,172,87111.78-0.70-5.61
Braskem ADS (BAK)943,9756.93-0.41-5.59
Transocean (RIG)9,505,28414.49-0.84-5.48
Parker Drilling (PKD)641,9743.28-0.19-5.48
Cloud Peak Energy (CLD)1,978,5375.87-0.34-5.48
Foresight Energy (FELP)76,19715.24-0.87-5.40
World Point Terminals (WPT)87,11118.67-1.06-5.37
Cosan Cl A (CZZ)784,7856.29-0.34-5.13
MFC Industrial (MIL)70,4233.92-0.21-5.08
Cameco (CCJ)1,830,30814.00-0.75-5.08