Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement” January 24, 2012 Print Version Source: Naked Capitalism Obama’s latest housing market chicanery should come as no surprise. As we discuss below, he will use the State of the Union address to announce a mortgage “settlement” by Federal regulators, and at [...]
Bank Of America Dumps $75 Trillion In Derivatives On U.S. Taxpayers With Federal Approval December 23, 2011 Print Version Source: Seeking Alpha Bloomberg reports that Bank of America (BAC) has shifted about $22 trillion worth of derivative obligations from Merrill Lynch and the BAC holding company to the FDIC insured retail deposit division. Along [...]
U.S. Income Inequality Higher Than Roman Empire’s Levels: Study December 20, 2011 Print Version Source: Huffington Post Many tout the U.S. as the Roman empire of the modern world. But as it turns out, that comparison may not be all good. Income inequality in America is at levels even higher than those in ancient [...]
Written on December 20, 2011 | Posted in
Corporate Fraud,
Economy,
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30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010 December 10, 2011 Print Version Source: International Business Times By employing a plethora of tax-dodging techniques, 30 multi-million dollar American corporations expended more money lobbying Congress than they paid in federal income taxes between 2008 and 2010, ultimately spending approximately $400,000 every [...]
Written on December 10, 2011 | Posted in
Corporate Fraud,
Economy,
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Was Blagojevich Arrested On Corruption Charges After Going Up Against Bank of America? Posted by Camron Wiltshire on December 9, 2011 Site’ editor’s note: Former Illinois Governor Rob Blagojevich was sentenced to 14 years this week after being convicted of a wide range of corruption charges, including the allegation that he tried to sell the [...]
Class of Homebuyers Claims BofA Found a New Dirty Trick December 7th, 2011 This one will take your breath away. Via: Courthouse New Service: Bank of America found a new way to illegally extract money from customers, according to a federal class action: deduct taxes and insurance from mortgage payments, even though the homebuyers [...]
Wall Street’s “Secret Government” December 2nd, 2011 Via: Alternet: We now have concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a freedom of information request by Bloomberg News, the public now has access to over 29,000 pages of Fed documents and 21,000 additional Fed [...]
Turns out the ‘Government Sachs’ conspiracy theorists were right all along December 2, 2011 Print Version By Madison Ruppert EndTheLie.com In a shocking article published in Reuters, Felix Salmon confirmed what the so-called conspiracy theorists have said all along: former Secretary of the U.S. Treasury Hank Paulson was giving insider tips to his cronies at Goldman Sachs and other Wall Street [...]
Occupy Movement: Next Step Convergence The US Occupy movement is at a critical point. To succeed it must develop a message of specific solutions to fix our broken system. People are seeing the next step as advocacy for constitutional amendments proposed through an Article V convention. by Joel S. Hirschhorn (libertarian) Contact Joel S. Hirschhorn [...]
AIG Sues U.S. Taxpayers for 25 Billion…Really. « on: November 23, 2011, 03:04:09 AM » A company run by former American International Group Chief Executive Maurice “Hank” Greenberg Monday filed a $25 billion lawsuit against the United States, claiming that the government takeover of the insurer was unconstitutional. In its complaint, Greenberg’s Starr [...]
Wall Street Analysts Everywhere Are In Agreement: THE WORLD IS ENDING November 20, 2011 Print Version By Joe Weisenthal – Business Insider If you like your Wall Street analysis with a heavy dollop of rapture and Armageddon, today was the day for you. Blame the weighty issues of the day (Europe, mostly), and yesterday’s [...]
Written on November 21, 2011 | Posted in
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Economy |
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Former Goldman Sachs director caught up in Wall Street’s biggest insider trading scandal ‘to surrender to FBI’ October 26, 2011 Print Version Source: Daily Mail An ex-Goldman Sachs executive is facing charges of insider trading, sources have claimed. Multimillionaire Rajat Gupta, 62, is expected to shortly surrender to the FBI on criminal charges of leaking [...]
A 25 Billion Dollar Secret: The NY Fed, Goldman & The AIG Cover-Up October 25, 2011 Print Version Source: Daily Bail Why did the Federal Reserve Bank of New York (FRBNY), whose Chairman was Stephen Friedman (a Goldman Sachs board member who resigned from the New York Fed earlier this year when it was [...]
BOMBSHELL – Massachusetts Supreme Court Rules That Most Foreclosure Sales From Previous 5 Years Are VOID October 22, 2011 Print Version Source: Daily Bail The only thing surprising about this ruling is that it took so long to be made. This is black letter law, folks, the logical extension of the Court’s Ibanez decision. [...]
Are The Conspiracy Theorists Right? Study shows that one ‘super-corporation’ pulls the strings of the global economy October 19, 2011 Print Version Source: Daily Mail A University of Zurich study ‘proves’ that a small group of companies – mainly banks – wields huge power over the global economy. The study is the first to look [...]
