War On You: Breaking Alternative News

ANGER STARTS TO SURFACE AGAINST THE BANKERS

ANGER STARTS TO SURFACE AGAINST THE BANKERS

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Bailout May Cost $23.7 Trillion: Barofsky

Source: Huffington Post
WASHINGTON – The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.
Under the worst of circumstances, the report said, the government’s maximum exposure could total nearly $24 trillion, or $80,000 [...]

WALL STREET PONZI SCHEME CONTINUES UNABATED

WALL STREET PONZI SCHEME CONTINUES UNABATED

The Dow is at 10,000, the Federal deficit is breaking records, unemployment is skyrocketing and money is cheap ~ so let’s inflate the same debt bubble, continue Wall Street’s derivative Ponzi scheme and let Main Street take the risk while Wall Street takes the profit: Allen [...]

How Goldman Sachs Made $3 Billion 12 Months After We Bailed Their Lucky Asses Out

How Goldman Sachs Made $3 Billion 12 Months After We Bailed Their Lucky Asses Out
Dylan Ratigan|Oct. 18, 2009, 11:38 AM | 1,090 |17
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Tags: Wall Street, Economy, Goldman Sachs

How did Goldman, Sachs & Co. — [...]

Goldman Sachs’ Black Magic: How They Did It

Wow, this makes me mad:
How did Goldman, Sachs & Co. — saved a year ago by the US taxpayer — magically make $3 billion in 3 months a year later?
This as the US dollar collapses, unemployment soars and foreclosures hit a record?
Here is the Goldman, Sachs & Co. revenue break down for the past 3 [...]

Max Keiser On JPMorgan, Goldman Sachs Et Al’s Fraud

Source: Zero Hedge
Max Keiser in his prime, discussing whether the crisis is over: “It’d not froth, it’s fraud. This is an incredible case of accounting fraud and the American peasants have got to be the stupidest people in the world today: they don’t mind becoming peasants, they don’t mind living like peasants, and if [...]

Goldman Sachs 2009 bonuses to double 2008’s; $23 billion could send 460,000 to Harvard, buy insurance for 1.7 million families

Source: RawStory
Yesterday, we brought you the insurance company that wouldn’t insure a 17-pound infant because he was too heavy. Today, we bring you the investment bank that manages to double its bonuses during the worst recession since the Great Depression.
On Thursday, Goldman Sachs will announce the firm’s bonus payments for 2009. Analysts expect the bonus [...]

Let’s Not Forget about the NY Fed Connection and Goldman Sachs

by Jr Deputy Accountant | Wednesday, October 07, 2009 Source: goldmansachs666

Editors note: TheCenterLane often covers Wall Street Mafia issues and was also kind enough to do a guest post for me – coincidentally on the NY Fed – so I could run off to Washington to flip off the Treasury. Though this post is months [...]

Study: Bernanke, Paulson misled public on bailouts

Aren’t we so glad that the newspapers exposed it before it was to late?
Source: Washington Times
Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr. misled the public about the financial weakness of Bank of America and other early recipients of the government’s $700 billion Wall Street bailout, creating “unrealistic expectations” [...]

Where has the Bailout Money Gone? Good Billions After Bad

Where has the Bailout Money Gone? Good Billions After Bad
Vanity Fair
by Donald L. Barlett and James B. Steele

As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much [...]

Bank of America Screwed Taxpayers Out Of Billions

This agreement is another example of a “too-big-to-fail” bank underpaying taxpayers for the insurance that helped keep it afloat during the market troughs.
This is less than one-tenth of the price Bank of America promised taxpayers on January 15, 2009.  For all the talk by BofA CEO Ken Lewis and others that they did [...]

Bailout Lies Threaten Your Savings

Daniel R. Amerman, CFA, DanielAmerman.com
Overview
There is a headline that has been all over the media ever since September 2008:  “Bank Bailout Will Soak Taxpayers.”  As obviously true as this headline appears to be, it is in fact, dangerously misleading.  Indeed, as we will cover in this article, the idea that taxes will pay for the [...]

The Big Banks Have Gotten Bigger

(WashingtonsBlog) – In a post called “Break Up the Big Banks”, Rolfe Winkler provides a nice graphic showing that the too big to fails have gotten bigger:
The big have gotten even bigger since the start of the financial crisis. At the end of 2007, the Big Four banks — Citigroup, JPMorgan Chase, Bank of America [...]

Uncle Sam Blowing Fresh Air Into the Housing Balloon?

Uncle Sam Blowing Fresh Air Into the Housing Balloon?

By Larry Doyle|Sep 2, 2009, 10:55 AM|Author’s Website
With housing prices down 30+% on average over the last few years, is Uncle Sam blowing fresh air into the housing balloon and actually creating another housing bubble? I believe that’s exactly what is happening.
If you are scratching your head [...]

“Wall Street’s 9/11″: Did Lehman Brothers Fall or Was It Pushed?

by Ellen Brown
Web of Debt

A year after the bankruptcy of Lehman Brothers on September 15, 2008, questions still swirl around its collapse. Lawrence MacDonald, whose book A Colossal Failure of Common Sense came out in July 2009, maintains that the bank was not in substantially worse shape than other major Wall Street [...]

Cash for Crappers

papatodd
You can always count on the Tucson City Council for a good laugh.  Today’s snort? A rebate program to replace that old toilet.  Yes, that’s right its the Cash for Crappers program.  Read on my friends…
Is your toilet a clunker?
Well, if it was made before 1991 and uses more than 3ƒ gallons per flush, then [...]

World Bankers Agree: The Recession is Over…Maybe

World Bankers Agree: The Recession is Over…Maybe
By Shamus Cooke
Few would consider the opinions of the world’s central bankers to be unbiased or even accurate.  These self-proclaimed wise men of international finance didn’t see the recession coming until it blew up in their faces — a blast that destroyed their credibility.
Nevertheless, it is [...]

Brookings “Experts” Admit Stimulus a Bust

Source: Campus Report Online – Anthony Kang
President Obama has now been in office for over six months and despite his signature $787 billion stimulus, unemployment remains above 9 percent.
“The federal government is the only entity left with the resources to jolt our economy back into life,” Obama said back in February. Touted at the time [...]

JW Sues Treasury for Records on TARP Funds Distributed to Boston Bank after Intervention by Rep. Barney Frank

From the Desk of Judicial Watch President Tom Fitton:

JW Sues Treasury for Records on TARP Funds Distributed to Boston Bank after Intervention by Rep. Barney Frank

Barney Frank is no stranger to scandal. As you may recall, Judicial Watch uncovered documents proving that Frank was well aware of massive problems at Fannie Mae and Freddie Mac, [...]

Entering the Greatest Depression in History

Entering the Greatest Depression in History
More Bubbles Waiting to Burst
by Andrew Gavin Marshall
Global Research, August 7, 2009
Introduction

While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has [...]