United World Federalists founder James Warburg’s father was Paul Warburg, who financed Hitler with help from Brown Brothers Harriman partner Prescott Bush.
By the IMF’s own admission, it was the creation of the EMU that drove the declines in current accounts by allowing countries to maintain their investment levels above what could be financed from lower domestic saving.
Scruples are trumped by profit, and that’s probably something the various conspiracy theorists ought to keep in mind. When you’re looking for a motive, sex, greed and power tend to come to the top in about equal amounts.
To great fanfare, this week Goldman Sachs unveiled the report of its Business Standards Committee, which makes recommendations regarding changes for the internal structure of what is currently the 5th largest bank holding company in the United States.
Innocence, as defined by law, makes us complicit with the crimes of the state. To do nothing, to be judged by the state as an innocent, is to be guilty. … It is to sanction, through passivity and obedience, the array of crimes carried out by the state. By Chris Hedges in TruthDig To be [...]
Social-networking giant Facebook could flex its growing might after reportedly raising 500 million dollars from Goldman Sachs and a Russian firm in a deal valuing the website at 50 billion dollars. Via Agence France Press and AlterNet The New York Times, citing sources familiar with the deal, reported Monday that Goldman had invested 450 million [...]
Weekly Address: Giving Government Back to the American People by Jesse Lee As the President beats back lobbyists seeking to weaken Wall Street Reform, he talks about an even broader threat that would vastly expand the influence of massive industries and their lobbyists in Washington. A recent Supreme Court decision opened the floodgates for corporations, [...]
The phrase “investors pounded Goldman Sachs” and words like brutal day for Goldman [and AIG] likely bring smiles to most Americans. This type of mirth may endure, By Zachary A. Goldfarb and Jerry Markon The Justice Department’s criminal investigation into Goldman Sachs goes beyond the financial transactions targeted by the Securities and Exchange Commission in [...]
As mainstream pundits continue the Democrats-are-in-trouble conventional wisdom, I see a perfect political storm developing against Republicans led by the Dem’s hitting back on the radical U.S. Supreme Court decision, CITIZENS UNITED v. FEDERAL ELECTION COMM’N ( No. 08-205 ). Correcting the Court – Democrats Unveil Tough New Legislation to Remedy “Citizens United” By Josh [...]
By Robert L. Borosage at Huffington Post Senate Republicans have perfected the art of saying no. But in blocking a debate on financial reform, they have begun to imitate Goldman Sachs traders, selling positions that they are betting against. Blocking financial reform is, not surprisingly, financially rewarding, as Republican leaders lease themselves to Wall Street [...]
Caught wind of this from the Huffington Post: As homeowners were falling behind on their subprime mortgages, wreaking havoc for investors that owned slices of their mortgages in securities peddled by Wall Street, Goldman Sachs was “well positioned,” according to internal company emails by top executives. The firm had “the big short,” declared chief financial [...]
Finding it difficult to see Goldman’s point of view. But the slime deserve due process. By Henry Blodget Yesterday, Lloyd Blankfein attacked the SEC’s fraud suit in calls to Goldman clients–describing it as a political hit job that will ultimately hurt the country. He also brought up the exculpatory evidence that the SEC left out [...]
Update: For more information, see White House blog knocking down Wall Street Talking Points and Norm Scheiber’s Head Lock: The inside story of how Goldman and the banks are getting clobbered on financial reform. By Simon Johnson, co-author of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown On Thursday [April 22], President Obama [...]
NEW YORK (The Borowitz Report) – In a settlement of the government’s securities fraud case against Goldman Sachs, the bank’s CEO, Lloyd Blankfein, has agreed to perform two years of community service as Treasury Secretary of the United States.
A SEC Vote will reveal a titanic political fight: Wall Street-GOP v. the Obama administration and perhaps some strange bedfellows who despise Wall Street as the consummate villain of 2007-2010. From the Huffington Post, By Marcus Baram – The SEC’s lawsuit against Goldman Sachs has sent shockwaves through the financial industry and Washington, D.C. To keep up [...]
When Senator Mitch McConnell and the GOP oppose financial reform, make no mistake whose interests they are fighting for: The banking oligarchy. What McConnell is saying in blocking reform is “dangerous and deliberately misleading,” as reformist economist Simon Johnson pointed out Friday night. “About 25 Wall Street executives, many of them hedge fund managers, sat [...]
The original Tea Party, remember, wasn’t directed just against the British redcoats. Colonial patriots also took aim at the East India Company. That was the joint-stock enterprise originally chartered by the first Queen Elizabeth. Over the years, the government granted them special rights and privileges, which the owners turned into a monopoly over trade, including tea.
The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering.
And why? Because our tax dollars bailed out their butts. The biggest banks would have gone under, and derservedly so, without our largess. Dow 11,000 is primarily a function of the trillions (not billions) of taxpayer dollars that poured into the biggest Wall Street firms in the form of loans, asset gurantees, liquidity programs and other subsidies. Wall Street then used our money to pay themselves lavish bonuses and to lobby against any and all meaningful financial reforms. (See Bob Kuttner’s excellent new book, A Presidency in Peril, for the blow by blow of how crony capitalism really works.)
Looks like a scary and fascinating read, The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It (2010, Crown Business) ‘Beware of geeks bearing formulas.’ –Warren Buffett In March of 2006, the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in [...]
Are international robber barons like Goldman Sachs ripping off the poorest and most desperate nations with the aid of the very institutions created to help them? William Pfaff examines at Truthdig. You remember KBR the former Halliburton subsidiary alleged to have overcharged, and defrauded the US government was accused of the electrocution of soldiers who thought they were turning on the shower, not the voltage? They’ve been awarded another giant contract in appreciation of their efforts; from Raw Story. Those and other stories in today’s picks.
The gang that paid the Dems to turn their collective backs on the harebrained gambling and outright criminal behavior of Wall Street is threatening to stop the money flow from Glen Greenwald at Salon. More on the fat cat lenders getting rich off the backs of college students in a NYT oped. The results of the recent SCOTUS decision to hand over our electoral process to corporations are already unfolding in plutocratic pow wows in a story from Raw Story via AlterNet and more in today’s picks.
stephanaugust: Interesting information about Ayn Rand by Daniel Flynn.
Even more interesting that Daniel Flynn's articles appear at Frontpagemag, but NO stuff about Any Rand.
stephanaugust: Paroxetine and Fluexetine have also a record number of different names in different countries.
Hmmm, maybe this makes it easier for a cover-up if there is a scandal.
Grampah: I've rejected her ramblings for maybe 50 years . Couldn't get past the first few chapters. As talmudawaregoyim said above she would never have been published and promoted without ...
stephanaugust: "Normally, at such a situation, ALL HELL SHOULD BREAK LOOSE in the media."
Yes, but there is a people that successfully specialized in marketing evil like funny money interest, moving propaganda ...
DaveE: As hideous and loathsome as Ms. Rosenbaum (Rand) was, (and even worse to look at) it did have a point. When an agency or other group is allowed to ...
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