The plane, a Cessna 177, got within six miles of the U.S. Capitol before being diverted, the Federal Aviation Administration said.
David Alt Sr. of Venice, the plane's registered owner, said the airplane had been kept in Maryland, where his son, David Alt Jr., lives. He said his son helped with the sale, which was finalized about 9:30 a.m.
The plane entered restricted airspace about 12:12 p.m.
The plane's new owner is David Couch, a Texas lawyer, David Alt Sr. said...
Venice, Florida, where three of the four terrorist pilots learned to fly, is the biggest September 11 crime scene that wasn’t reduced to rubble. Yet it has until now received no serious scrutiny for what it might reveal about the nature of the 9/11 attack. Investigative journalist Daniel Hopsicker went searching for evidence that Mohamed Atta and his Hamburg cadre received outside help while they were in the U.S., as authorities initially stated, from a shadowy ‘global network,’ or even from foreign governments.
March 15 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke is being forced to throw out four decades of monetary history by a financial system choking on miscalculated risks and a deepening recession.
Traders in all three centres were panicking even for those banks not directly exposed to Bear. They feared that the problems experienced at the stricken bank signalled that the credit crisis has deteriorated to a new level. .....
http://online.wsj.com/article/SB120553764656238131.html?mod=googlenews_wsjBehind the swift decline of Bear Stearns Cos. is a deepening worry on Wall Street that some financial institutions might not be able to make good on their commitments.
Such angst about the health of an institution holding somebody else's money is an age-old worry in finance. The federal government created the Federal Deposit Insurance Corp. in 1933 to give bank depositors confidence they would never again face such concerns.
Wall Street's modern version of what is known as "counterparty risk" has taken on a highly complex face. An explosion of derivatives instruments has potentially bound financial institutions with each ...
Roubini's Nightmare Scenario