by David A. Stockman
The New York Times
Artwork by Mark Pernice
GREENWICH, Conn.
The Dow Jones and Standard & Poor’s 500 indexes reached record highs on Thursday, having completely erased the losses since the stock market’s last peak, in 2007. But instead of cheering, we should be very afraid. [Read more…]
by Helen Tansey
The T-Room Blog
March 21, 2013
You want to get a taste of what people across the world are saying about the Cyprus bailout plan?
Look no further. The handful of comments posted below are just a small sampling of what people are thinking when learning a government plans to raid saver’s money to bailout their banks. It’s an appalling idea no matter how any of the NWO brainiacs in the EU want to spin it. And sure there is some backpedaling going on BUT it is the very idea that a government would knowingly breach the trust of its people in such a deceptively dishonest manner that have people in an uproar.
One thing is certain the Cyprus people are having none of it! [Read more…]
Sen. Warren (MA) during yesterday’s Banking Committee hearing, once again held little back when grilling those financial and legal bureaucrats with titles starting with “Honorable.” [Read more…]
Illustration by Victor Juhasz
By Matt Taibbi
February 14, 2013 8:00 AM ET
The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, [Read more…]
Banking scandals have grown so common that perhaps folks have simply run out of outrage. Or maybe the numbers are just too huge to wrap our mortal heads around.
Whatever it is that’s behind the relatively light news coverage and lack of public debate on this incredible LIBOR rate-rigging scandal thus far, the story is not going away. [Read more…]
June 21, 2012
By Matt Taibbi
Someday, it will go down in history as the first trial of the modern American mafia. Of course, you won’t hear the recent financial corruption case, United States of America v. Carollo, Goldberg and Grimm, called anything like that. If you heard about it at all, you’re probably either in the municipal bond business or married to an antitrust lawyer. [Read more…]
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“The time has come,” the Walrus said,
“To talk of many things:
Of shoes – and ships – and sealing-wax –
Of cabbages – and kings –
And why the sea is boiling hot –
And whether pigs have wings.”
The Walrus and The Carpenter – Lewis Carroll (from Through the Looking-Glass and What Alice Found There, 1872) [Read more…]
Read author Simon Johnson’s review of Ferguson’s “Predator Nation” [Read more…]
SupportCreditUnions.com covered the infamous Max Keiser in a rare, albeit colorful, presentation in L.A.’s Chinatown. If you are a Max Keiser and Stacey Herbert fan you won’t want to miss this “major rant against the big banks.” [Read more…]
May 11, 2012
by Brandon Smith
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For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. [Read more…]
April 2-4, 2012
By Wayne Madsen
The recent political schism between a faction of the Chinese Communist Party backed by the Rothschild banking cartel and politicians in Canada, Britain, and the United States on one side and more nationalistic Chinese Communist Party leaders allied with like-minded leaders in Russia, on the other, has brought the Obama administration’s use of “soft power” information warfare and propaganda tactics to the inner political sanctums of China. [Read more…]
“When the hell do we the so called common people wake the hell up? Unlimited money supply is not enough for these people. They want all of our souls!!”
Kyle Bass, Hayman Capital Hedge Fund Manager, is best known in the finance world for predicting the 2008 housing market meltdown. Few listened then, but took his careful study of markets more seriously after the housing market imploded. Btw, he made millions. [Read more…]
Jon Stewart nailed it on last nights “The Daily Show” when opening his new series titled “How the F#@k is it that Martha Stewart went to jail” when not one Wall Street bankster has been held accountable for the 2008 meltdown that we are still suffering from today. So Martha goes to jail who made dough from an insider tip, yet the entire banking elite goes home to their families every night not feeling even a tiny bit of fear for being arrested for all of their illegal transactions all the while thrusting the entire economy into a meltdown. Unbelievable! [Read more…]
Black sums up precisely the utter lack of accountability by the Obama administration of any of those banks who threw America’s entire economy into the black hole, no pun intended, that we’ve been enduring since 2008. Understand, Black was a lead legal investigator who exposed the Savings and Loan Crisis scandal known as the Keating Five. According to Wikipedia, [Read more…]
Jim Q
Washington’s Blog
November 28, 2011
Hello?
Is there anybody in there?
Just nod if you can hear me.
Is there anyone at home?
Come on, now,
I hear you’re feeling down.
Well I can ease your pain
And get you on your feet again.
Relax.
I need some information first.
Just the basic facts
Can you show me where it hurts? [Read more…]