Will Bank Of America Really Pay $17 Billion For Mortgage Fraud That Led To 08′ Crash?

By: Thursday August 21, 2014 9:12 am

Throughout the media the figure of $17 billion has been paraded out as the penalty Bank of America will pay for its crimes in the mortgage security market that led to the 2008 financial crisis and resulting Great Recession. But will BofA really be paying that much? If the other deals struck for the same [...]

Ferguson Sees Another Night Of Unrest Despite National Guard Presence

By: Tuesday August 19, 2014 4:58 am

Monday night saw renewed clashes between protesters and law enforcement in Ferguson, Missouri with two people shot and at least 31 arrested. The police blamed the disharmony on a “tiny minority of lawbreakers” whom they claimed fired on them and had Molotov cocktails. Before the protests took a downward turn Missouri Governor Jay Nixon tweeted [...]

DOJ Citigroup Settlement Lacks Disclosure Of Victims And Criminal Conduct

By: Tuesday July 15, 2014 7:52 am

On Monday the Department of Justice and Attorney General Eric Holder announced a meager $7 billion settlement with Citigroup for causing the most severe financial crisis since the Great Depression by fraudulently selling mortgage securities that wrecked the financial markets. AG Holder celebrated the settlement and claimed “This historic penalty is appropriate given the strength [...]

Citigroup Pays Just $7 Billion For Causing Financial Crisis

By: Monday July 14, 2014 7:22 am

Citigroup, one of the most dysfunctional and malevolent financial institutions in American history, has agreed to pay $7 billion to settle investigations into the fraud it committed in the mortgage security market that led to the financial crash of 2008. The selling and marketing of volatile mortgage security products to investors around the world as [...]

Study Shows Being Rich Makes You An ‘Asshole’

By: Tuesday July 8, 2014 7:27 am

Ever had the sneaking suspicion that most rich people are jerks? Well the connection between wealth and narcissism has now been studied and the results show that as people get richer, they are more likely to feel entitled, to exploit others, and to cheat. According to studies by psychologist Paul Piff, wealth leads humans to [...]

Eric Holder’s Legacy To Be Failing To Hold Wall Street Accountable

By: Tuesday July 1, 2014 11:26 am

Attorney General Eric Holder, appointed in the beginning of Barack Obama’s presidency, is beginning to have his legacy evaluated and it is not looking good. A creature of Wall Street who helped represent some of the culprits of the mortgage crisis in private practice, Holder never made an honest or substantive efforts to go after [...]

Barrett Brown’s Case Could Destroy Online Journalism

By: Friday February 28, 2014 8:46 am

It seems the more the public learns about the Barrett Brown case the more confusion and anger there is at the misuse of the justice system. Which is likely why prosecutors successfully sought a gag order against Brown – the more people learn the less they support the government’s case. The government is pressing charges [...]

Public Interest Group Sues Justice Department Over JPMorgan Settlement

By: Monday February 10, 2014 11:09 am

As a high ranking JPMorgan official is being forced to step down from a CFTC advisory board it is being reported that Better Markets, a public interest group, is suing the Justice Department over its pathetic settlement with JPMorgan for fraud in the mortgage securities market. The DOJ settlement gives JPMorgan “blanket civil immunity”, a [...]

General Clapper Labels Journalists Snowden’s ‘Accomplices’

By: Thursday January 30, 2014 5:11 am

In testimony before congress General James Clapper, the Director of National Intelligence, labeled the journalists whom Edward Snowden worked with to blow the whistle on the NSA as “accomplices.” A term that makes those journalists legitimate targets for surveillance, if not worse. Now the war on whistleblowers has expanded to include the press. From Snowden [...]

AG Eric Holder Against Clemency For Snowden, For It For Marc Rich

By: Monday January 27, 2014 6:42 am

US Attorney General Eric Holder has an interesting standard for clemency. Last week Holder said he was open to having a discussion on giving the whistleblower Edward Snowden a reduced sentence but that full clemency was “going too far.” And to some degree it would be inconsistent given the Obama Administration’s wild and outrageous attack [...]

Federal Judge Asks Why Wall Street Executives Haven’t Been Prosecuted

By: Friday January 3, 2014 6:31 am

A federal judge has decided to publicly ask the questions millions of Americans have been wondering for years – given that we know people on Wall Street broke the law leading to the crash why hasn’t anyone been prosecuted? This is particularly pressing given that the 5 year statute of limitations is fast approaching for [...]

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