Rebel News - Independent News and Analysis

An official report indicates that the now-defunct US financial services firm Lehman Brothers used misleading accounting ploys to eliminate $50 billion of troubled assets.

The 2,200-page report by a court-appointed examiner explains how executives of the company manipulated their balance sheet to make their finances appear more robust.

An American prosecutor has filed a civil lawsuit against the world's biggest auto maker Toyota, claiming the company committed fraud by hiding the defects in its cars.

Orange County District Attorney Tony Rackauckas says Toyota has known about the defects in its products but intentionally did not disclose them to Californian purchasers.

This time Max Keiser and co-host Stacy Herbert look at the scandals behind psychic scams, money heaven and credit default swap bans. Keiser talks to Business Insider's Joe Wiesenthal about derivatives, hedge funds, the economy and day trading politicians.

Mexico's Carlos Slim has topped Forbes magazine's billionaire list, becoming the first person from outside the US to lead the rankings since 1994.

According to Forbes' estimates, the net fortune of Slim, 70, who built a telecommunications empire after buying Mexico's state-run phone monopoly two decades ago, rose by $18.5 billion last year to more than $53 billion.

This time Max Keiser and co-host, Stacy Herbert, report on the fake shop fronts making a "revived" economy in Northern England; the Chile quake causing Goldman Sachs's high frequency trading to lose 2.1 trades per day; and the mobs in Indonesia, a "revolution" in Ireland and online media preventing an orderly transfer of wealth. Keiser also speaks to investigative journalist, Greg Palast, about the RICO case against US bankers and politicians and about vulture funds preying on the Third and First world economies.

The Brazilian government has announced increased trade tariffs against a variety of American goods in response to illegal US subsidies to cotton farmers.

Brazil on Monday published a list of 100 US goods subject to import tariffs that will go into effect in 30 days, unless the two sides can reach an agreement.

Brazil has subjected a number of US goods to higher tariffs to retaliate against Washington's move to unlawfully pay subsidies to the US cotton producers.

The World Trade Organization has authorized the South American country to impose levies as high as 14 and 100 percent on US imported goods.

American International Group will sell an overseas unit to rival MetLife in a $15.5 billion deal which will help AIG pay back part of a government bailout.

MetLife will take over American Life Insurance Company (ALICO) for $6.8 billion in cash and $8.7 billion in MetLife stock, the two firms said in separate statements on Monday.

Despite US concerted efforts to impose tough sanctions on Iran, Washington says it will allow technology companies to export Internet services to Iran, Cuba and Sudan.

The move is a bid aimed at exploiting the libertarian potential of the three countries, The New York Times reported late Sunday.

Despite US concerted efforts to impose tough sanctions on Iran, Washington says it will allow technology companies to export Internet services to Iran, Cuba and Sudan.

The move is a bid aimed at exploiting the libertarian potential of the three countries, The New York Times reported late Sunday.