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Archive for the ‘Finance/Economy’ Category

Freddie Mac Bets Against Homeowners, Holder & Breuer’s Covington Bank Representing Past: Creating M.E.R.S. Corp

30 Jan

In his latest all out seriously spot on rant, Mandelman brings us the most recent and most recently uncovered crimes in the long list of criminal acts as yet going unpunished in the United States mortgage fraud scandal. That scandal which has devastated our economy, destroyed our housing market and left vast numbers of families […]

 

Yves Smith Takes Apart Obama’s Spin on Banking Crisis Solution

24 Jan

In an excellent piece published over at Common Dreams, Ms. Smith lays it out in plain English for anyone to see. The federal government is aiding and abetting the banks in continued fraud and thievery while preventing and avoiding any way for a direct and honest legal response to their crimes.  Once more, settlement pacts […]

 

Psychopathic Bankers, The Story Expands: Bloomberg and Washington’s Blog

04 Jan

We were very delighted to see this latest post over at Washington’s Blog on the Psychopathy of bankers and others in our currently run amok global financial disaster – nice to see the word is getting around. As we wrote in November, 2011: Corporate Psychopathy: The Root of the Global Financial Crisis? 21 Nov We’ve […]

 

Carry Trade Collapse: Bankers Tricks Destroying Eastern Eurpoean Economics

03 Jan

The ECB and IMF warn Hungary not to change rules of how they deal with the devestating impact of the Swiss Frank based mortgages as the carry trade slams mortgages into hyperdrive in Hungary. While most Americans have not had this experience or understanding of it on a personal level, the American banks have, of […]

 

Economic History – are we Doomed to Repeat it? Michael Hudson on Democracy and Debt

27 Dec

This perspective from economic historian Michael Hudson contains some serious ‘heads up’ moments. Reading it one is forced to contemplate the potential outcomes in the devolving world of bankster controlled public policy now clearly pointed toward the destruction of the public good in favor of corrupt private creditors. And no change seems to be coming, […]

 

Bill Black’s Response to Obama’s 40,000 Feet Non Speak

26 Dec

While there has been quite a bit of coverage of Bill’s initial post – Dante’s Divine Comedy Bankster Style, this second post is, in our opinion, more concise, and direct in its calling out of the flaws in the Bush/Obama response to the financial crisis and the reality of what the Dodd Frank Bill did […]

 

Charles Hugh Smith: When Things Fall Apart: Disorientation, Desperation, Chaos

09 Dec

When Things Fall Apart: Disorientation, Desperation, Chaos Submitted by Charles Hugh Smith from Of Two Minds When Things Fall Apart: Disorientation, Desperation, Chaos  The global “shadow” banking system is unraveling, with dire consequences for financial assets and failed policies. We’re not used to things falling apart, and so our first reaction is disorientation. What we’ve […]

 

ZeroHedge: Why The UK Trail Of The MF Global Collapse May Have “Apocalyptic” Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else

08 Dec

If you ever needed to understand what the ‘shadow banking’ system meant, this article should make it very clear. It should also make it clear the entire financial system of the world is now over leveraged to a degree that only one quarter of the liabilities in the system are backed by any collateral.  This […]

 

Paul Jay: The Super Committee and the Attack on Labor – On To Orwell’s Guide to the News

02 Dec

While the super committee fails to act and joins the President in playing out their clearly long term agenda of imposing the new two tier contract system of massive wage reductions across the country (it’s already happening, in case you missed it) then we had all berst be well prepared for the massive decline in […]

 

Ellen Brown: Straight Talk About EU Austerity, Destruction of Nations and the Ongoing Financial Pillaging of the People

01 Dec

In another succinct and direct piece, Ms. Brown lays out for all to see the hypocrisy of the financial system, the overlord international bankers and the destruction of the wealth of the people around the world. THE E.C.B. FIDDLES WHILE ROME BURNS Posted on November 29, 2011 by Ellen Brown “To some people, the European Central […]