(Occupy) – Sonoma County, which lies just north of the bustle of San Francisco and Oakland, is not immune to the crimes of the 1%.
In fact, our reputation as “Wine Country” is a prime factor in making this beautiful region a playground for the mega-wealthy. Not surprisingly, much about the region’s politics caters to the interests of the ruling class – both those who live here and those who come to visit, to invest, etc. Read the rest of this entry »
(RussiaToday) – In this episode, Max Keiser and Stacy Herbert discuss the newly knighted, Sir Hector Sants, the catastrophic ambition of global bank fraud and the merger of the police state and the banks in the suppression of Occupy Wall Street. In the second half of the show, Max Keiser talks to ‘the Thomas Jefferson of the internet,’ John Perry Barlow about his new website, pressfreedomfoundation.org, started with John Cusack and Daniel Ellsberg and dedicated to circumventing financial blockades and, thus, enabling donations to such groups as WikiLeaks and others dedicated to transparency and journalism. Read the rest of this entry »
(RussiaToday) – In this episode, Max Keiser and Stacy Herbert discuss how Wall Street has won big time with zero interest rate policy and that the biggest winner, JP Morgan Chase, has seen its deposits increase by 46% from 2007 (pre ZIRP) to 2012 and yet its interest expenses declined by nearly 89%. They also discuss the Vomitorium in Florida where Obama’s ‘historic’ mortgage settlement may be used to plug government deficits or political pay rises instead of helping the 11% of mortgage holders in foreclosure. Read the rest of this entry »
(HigginsBlog) – As the GOP dubbed ‘Economy Election’ nears Bank of America fires 16,000 in the latest round of numerous layoffs announced by Wall Street firms. Read the rest of this entry »
(DailySheeple) – Stanford’s easily debunked anti-organic ‘study’ is not news, rather, coordinated propaganda campaign funded by Wall Street and Fortune 500 companies. Read the rest of this entry »
(HigginsBlog) – There is an unusually high amount of chatter on Wall Street surrounding the possibility of another major financial collapse in the making. Read the rest of this entry »
(ZeroHedge) – Are Wall Street’s financial wizards just smarter than the rest of us or are we being primed for another Facebook style pump and dump scam? Read the rest of this entry »
(HigginsBlog) – The DOJ has decided it will not prosecute Wall Street firm Goldman Sachs for its involvement in the Financial Crisis fraud. Read the rest of this entry »
(RollingStone) – How America’s biggest banks took part in a nationwide bid-rigging conspiracy – until they were caught on tape Read the rest of this entry »
(WebofDebt) – When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he . . . subtly hinting that he’s really the guy in charge?”
Pediatric psychopharmacology is a billion-dollar business that sustains Pharma and Pharma investors on Wall Street.
(AlterNet) – In his book Psychiatryland, psychiatrist Phillip Sinaikin recounts reading a scientific article in which it was debated whether a three-year-old girl who ran out into traffic had oppositional-defiant disorder or bipolar disorder, the latter marked by “grandiose delusions” that she was special and cars could not harm her.1Read the rest of this entry »
“The appearance of conflict is as dangerous to public confidence in the administration of justice as true conflict itself. Justice must not only be done; justice must also be seen to be done.” –Lloyd Cutler, 1981
(Forbes) – Over the past three years, the Department of Justice has filed criminal charges against hundreds of ordinary Americans for financial fraud. But no one from the largest banks and firms on Wall Street have been similarly charged for events leading up to the financial crisis. Could that be because those banks are clients of the firms from which top DOJ officials hail? Read the rest of this entry »
(ChristMartenson) – Gretchen Morgenson has earned a Pulitzer-winning career from exposing abuse and conflicts of interest on Wall Street. In this interview, she confirms that there is indeed a second set of rules that our elite financial institutions enjoy, largely unfettered by the constraints that apply to the rest of us.
Consequences for failure and fraud are very different under this second set of rules – in fact, they’re practically rewarded. Read the rest of this entry »
(DeepJournal) – Dear CFTC Staff, Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. Read the rest of this entry »
(WebOfDebt) – On November 27, Bloomberg News reported the results of its successful case to force the Federal Reserve to reveal the lending details of its 2008-09 bank bailout. Bloomberg reported that by March 2009, the Fed had committed $7.77 trillion in below-market loans and guarantees to rescuing the financial system; and that these nearly interest-free loans came without strings attached. Read the rest of this entry »
(NaturalNews) – For over 20 years, the dogma of man-made global warming has been trumping sound science and even basic logic. The result has been a global movement of pseudo-scientific alarmism about climate change that seeks to solve it with scams like global carbon taxes.
But a simple visual chart put together by Jo Nova shows how governments, industry, and Wall Street have been behind the global warming scam all along, and how they continue to use taxpayer dollars to fund it. Read the rest of this entry »
See Also: (WashingtonsBlog) – Americans Are Protesting for the Same Reasons Arabs Are Protesting: Corruption, Unemployment and Rising Food Prices – Read More Here
(WashingtonsBlog) – The protesters are not just targeting Wall Street and the big banks. They’re also railing against the Federal Reserve: Read the rest of this entry »
October 1, 2011 – TAMPA, FL – The Occupy Wall Street movement may have just received an unexpected surprise – United States Army and Marine troops are reportedly on their way to various protest locations to support the movement and to protect the protesters.
(ComedyCentral) – Jon Stewart took a break from his “Indecision 2012″ coverage Thursday night to focus on a local problem currently grabbing the nation’s attention: the ongoing NYC protest known as Occupy Wall Street.
But it wasn’t the spirit of the young people organizing for democracy or even Michael Moore‘s drop-in that caught Stewart’s attention the most. Instead it was the actions of one pepper-spray happy NYPD cop, Anthony Bologna (or, to Stewart, “Tony Baloney”). Read the rest of this entry »
(KurtNimmo) – Protesters who promised to turned Wall Street into an “American Tahrir Square” were frustrated by cops who locked down the financial district in response to the demonstrations.
“More than 1,000 protesters gathered in Manhattan for the demonstrations, but they were thwarted by police who put Wall Street on lockdown after learning about the plans through social media,” the Daily Mail reports. “Protesters organized the rally under the hash-tag of #OccupyWallStreet on Twitter and Facebook, but police spotted this and shut down Wall Street near the Stock Exchange and Federal Hall.” Read the rest of this entry »
(HigginsBlog) – Updates from the reported crowd of over 50,000 “Occupy Wall Street Protestors” who continue to deny orders to disperse as riot police gather in mass around them. Read the rest of this entry »
(KurtNimmo) – Globalist loan sharks feign worry. Unemployment is so bad in the United States, the government is thinking about slapping tariffs on cheap Chinese slave labor products.
China is a lead player in the so-called currency war now underway. It has kept the value of its currency low in order to game the system and gain trade advantages. China refuses to follow the rules and this concerns the loan shark boss Dominique Strauss-Kahn and Little Timmy Geithner, the latest Wall Street and Federal Reserve insider to run our Treasury. Read the rest of this entry »
(InternationalForecaster) – As quantitative easing again gets underway the failure of QE1 becomes more obvious. The crisis worsens and the illusion of any recovery is light years away. Over the past three years almost $13 trillion that we know about has been thrown down a rat hole to bail out banking, Wall Street, insurance and selected elitist entities. The dollar figure is probably much higher. We will never know, because the privately owned Federal Reserve makes its own rules. Everything they do is a state secret. Read the rest of this entry »
(WebOfDebt) – The stock market shot up on September 13, after new banking regulations were announced called Basel III. Wall Street breathed a sigh of relief. The megabanks, propped up by generous taxpayer bailouts, would have no trouble meeting the new capital requirements, which were lower than expected and would not be fully implemented until 2019. Only the local commercial banks, the ones already struggling to meet capital requirements, would be seriously challenged by the new rules. Unfortunately, these are the banks that make most of the loans to local businesses, which do most of the hiring and producing in the real economy. The Basel III capital requirements were ostensibly designed to prevent a repeat of the 2008 banking collapse, but the new rules fail to address its real cause. Read the rest of this entry »
(WarIsACrimes) – Robert Scheer’s new book “The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street,” is not yet another account of how we got robbed or “why the economy imploded for dummies.” If you’re like me, you just didn’t need another lesson in how swapped collateralized debt obligation derivative tranches didn’t really make the pie higher. Scheer’s book is something else: a straightforward broad-view account of the past thirty years focused on who did the robbing.
Here’s the short answer that Scheer provides: Reagan announced the robbery but couldn’t pull it off. Clinton robbed us blind. Bush Jr. and Obama drove the get-away car, with Obama disguised as a security guard. Read the rest of this entry »
(LATimes) – The average circulation at about 400 daily newspapers falls more than 10% in the last six months as compared to a year ago. Smaller newspapers fare better. Read the rest of this entry »
American International Group, which has received nearly $200 billion in bailout funds from the federal government, is slated to pay 400 employees in its financial products division another $198 million, according to a report published Wednesday by the Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP). Read the rest of this entry »
(HuffingtonPost) – 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? Read the rest of this entry »
(HuffingtonPost) – 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? Read the rest of this entry »
Harvard professor Elizabeth Warren provides a much needed sober perspective of Bernanke’s Doctrine of Mandatory Global Moral Hazard, by discussing just how broken the banking system continues to be. Read the rest of this entry »
Harvard professor Elizabeth Warren provides a much needed sober perspective of Bernanke’s Doctrine of Mandatory Global Moral Hazard, by discussing just how broken the banking system continues to be. Read the rest of this entry »
A trends forecaster says the current economic “rebound” from last winter’s Wall Street collapse of banks, insurance companies and automobile manufacturers is an artificial blip created by ‘phantom money printed out of thin air backed by nothing.” Read the rest of this entry »
A trends forecaster says the current economic “rebound” from last winter’s Wall Street collapse of banks, insurance companies and automobile manufacturers is an artificial blip created by ‘phantom money printed out of thin air backed by nothing.” Read the rest of this entry »
Now we know why America’s oligarchs are fighting to keep the rest of us stuck in the world’s worst health care system: the more we die, the more billions Wall Street will earn. Read the rest of this entry »
Now we know why America’s oligarchs are fighting to keep the rest of us stuck in the world’s worst health care system: the more we die, the more billions Wall Street will earn. Read the rest of this entry »
Too bad Pulitzers aren’t handed out for blog-entries. This year’s award would go to Zero Hedge for its “The ‘Money on the Sidelines’ Fallacy” post. This short entry shows why the economy will continue its downward slide and why the US consumer will not get off the mat and resume spending as he has in the past. The fact is the Net Wealth of US Households has “declined from a peak of $22 trillion to just under $12 trillion in early March.” Read the rest of this entry »
Today’s essay details the ongoing collapse of the US economy with a focus on why this coming fall will prove the “worst is over” crowd wrong yet again. Earlier this week, I detailed three major developments. Read the rest of this entry »
I remember the hullaballoo in January 1953 when GM CEO Charles Wilson, President Eisenhower’s nominee for Secretary of Defense, was popularly quoted as saying that “What’s good for General Motors is good for the country.” Read the rest of this entry »
I remember the hullaballoo in January 1953 when GM CEO Charles Wilson, President Eisenhower’s nominee for Secretary of Defense, was popularly quoted as saying that “What’s good for General Motors is good for the country.” Read the rest of this entry »
For the past eight months, we have been a nation focused on bailouts and bankruptcies. For the past ten years, we have been a nation ignoring massive wealth transfer and wealth concentration through a rigged Wall Street. Read the rest of this entry »
With GM’s bankruptcy no longer hanging over Wall Street, perhaps now investors can get their minds right for some really bad news. We’re talking about the looming bankruptcy of California, of course, and of at least a few more big-budget states whose books are in equally disastrous shape, including New York, Arizona, New Jersey, Nevada, Rhode Island and Florida. Read the rest of this entry »
Wall Street’s mantra is that markets move randomly and reflect the collective wisdom of investors. The truth is quite opposite. The government’s visible hand and insiders control markets and manipulate them up or down for profit – all of them, including stocks, bonds, commodities and currencies. Read the rest of this entry »
Will the Financial Reforms lead to Change or just Prop up the Status Quo?
It is almost axiomatic to argue that renewal comes out of chaos. And reform and change are born in crisis. Read the rest of this entry »
China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed’s direct purchase of US Treasury bonds. Read the rest of this entry »
China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed’s direct purchase of US Treasury bonds. Read the rest of this entry »
In a little more than a decade, Credit Default Swaps (CDS) have ballooned into a multi-billion dollar industry which has changed the fundamental character of the financial system and increased systemic risk by many orders of magnitude. Read the rest of this entry »
After 8 years of the Bush-Cheney nightmare during which we saw the wanton destruction of Afghanistan and Iraq, the cynical negation of centuries of Law designed to protect the most basic human rights and a foreign policy worthy of Genghis Khan, there came along the “Great Black Hope” in the persona of Barack Obama. The collective world consciousness turned uncritically to what was presented as a new era for peace, change and trust in Government. Read the rest of this entry »
After 8 years of the Bush-Cheney nightmare during which we saw the wanton destruction of Afghanistan and Iraq, the cynical negation of centuries of Law designed to protect the most basic human rights and a foreign policy worthy of Genghis Khan, there came along the “Great Black Hope” in the persona of Barack Obama. The collective world consciousness turned uncritically to what was presented as a new era for peace, change and trust in Government. Read the rest of this entry »
The greatest single attack on American workers since the Great Depression
The alarm bells should be ringing day and night about what’s being prepared at General Motors — the ripple effects could produce tidal waves.Read the rest of this entry »
