Amazing Interview with Harry Markopolos, the man that fingered Bernie Madoff, by Eric King of King World News.
Found this nice Tom Woods blog on Herman Cain and how clueless he was a week before the banking collapse of 2008. Good info for those of us who need to convince some people why not to vote for Cain.
Tom Sawyer rolls down wall street with infoguns a blazing (remix) must see http://www.youtube.com/watch?v=yJEyQcKj5sQ
if you are reading this message you are the resistance
After all this time, finally he propoeses a change actually worth hoping for. And a change away from some old New Deal leftover junk, to boot. Who could have though he had that in him?
By lifting, or even just weakening, restrictions on who can invest in private companies, and how many investors a company can have before having to spend millions on paper pushers to be compliant with this or that regulation; El Presidente has finally come up with something that will actually lessen Wall Street's grip on the economy.
Helping people understand the current relationship between governments and banks and how things work can be seen in the movie THE OBAMA DECEPTION.
The movie does not attack Obama, it explains how a president is a frontman for the banking cartel. Please watch it online free with open eyes...
Christmas came a bit early for the NYPD lol
"New York City Police Commissioner Raymond Kelly sent CEO and Chairman Jamie Dimon a note expressing "profound gratitude" for the company's donation."
WASHINGTON (AP) — As Texas governor, Rick Perry spent tens of millions in taxpayer money to lure some of the nation's leading mortgage companies to expand their business in his state, calling it a national model for creating jobs. But the plan backfired.
Just as the largest banks began receiving public cash, they aggressively ramped up risky lending. Within four years, the banks were out of business and homeowners across Texas faced foreclosure. In the end, the state paid $35 million to subsidize it.
I found this piece by the great Jacksonian, William Leggett, timely.
MORALS OF LEGISLATION
April 15, 1837
More than 1,000 people staged a large rally over the weekend near Wall Street in New York. The protesters had planned to “occupy” Wall Street, but police blocked all the streets near the New York Stock Exchange and Federal Hall in Lower Manhattan.
“A lot of us feel there is a large crisis in our economy and a lot of it is caused by the folks who do business here,” one protester told the New York Daily News.
The New York Times reported that two people wearing bandannas over their faces were taken into custody after trying to enter the building that houses Bank of America offices.
Congressman Kucinich: US Bailing Out European Banks--"Government of the Banks, By the Banks, For the Banks"
By Lynnley Browning
REUTERS - The U.S. pursuit of offshore tax evaders is widening to include Israel, where U.S. authorities are scrutinizing three of Israel's largest banks over suspicions their Swiss outposts helped American clients evade taxes, people briefed on the matter said.
The banks under scrutiny by the U.S. Justice Department's criminal tax division are Bank Hapoalim, Bank Leumi le-Israel BM and Mizrahi-Tefahot, the sources said.
(Reuters) - Iceland's president accused European countries on Sunday of having bullied it into agreeing to guarantee repayment of the debts of a failed bank, reviving a dispute with Britain and the Netherlands whose citizens are owed billions.
When Iceland's banking sector collapsed in the 2008 global financial crisis, accounts were frozen at the bank Landsbanki, which had accepted deposits from British and Dutch savers through online funds called Icesave.
NEW YORK (AP) -- In a sweeping move, the government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.
Among the 17 targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., Goldman Sachs.