TPP And ‘Pivot To Asia’ Facing Backlash

By: Tuesday April 29, 2014 9:13 am

For those unaware of the new US “grand strategy” it involves not just overthrowing governments in Ukraine to expand power into Eurasia but also trying to encircle East Asia’s newest power, China. Called throughout Washington policy circles as the “Pivot to Asia” plan to encircle China involves both moving greater military forces into the region [...]

Retiring SEC Attorney Says Agency Fails To Hold Powerful Accountable

By: Wednesday April 9, 2014 6:10 am

A longtime trial attorney for the SEC had some brutal parting shots for the agency. Given as remarks at a goodbye party the attorney, James Kidney, condemned the SEC for letting the larger Wall Street firms get away with crimes. Essentially claiming that the SEC never went after the powerful. Kidney joined the SEC in 1986 [...]

Goldman Sachs Trader Found Liable For Fraud Teaching At University Of Chicago

By: Wednesday March 5, 2014 1:46 pm

The University of Chicago has always been notorious for lacking integrity – intellectual and otherwise. Founded by oil monopolist and banker John D. Rockefeller, the University of Chicago has been the hell-mouth for Neoliberal quackery for generations perhaps most notoriously as patient zero for Professor Eugene Fama’s virulent¬† “efficient market hypothesis” – a theory that [...]

Governor Christie’s Brother Profited From Port Authority Project

By: Wednesday January 29, 2014 10:47 am

Todd Christie has always been a bit of a liability for his brother Chris. Todd barely beat an insider trading case, possibly with the help of then US Attorney Chris Christie, that became an issue in Chris Christie’s 2009 campaign for governor. It was revealed that the prosecutor who let Todd of the hook, David [...]

Hillary Clinton Tells Wall Street She Believes Anti-Wall Street Rhetoric ‘Foolish’

By: Thursday December 12, 2013 8:36 am

Here we go again. According to a piece in Politico Magazine former Secretary of State and likely 2016 presidential candidate Hillary Clinton had some harsh words related to progressives in her $400,000 speeches for Goldman Sachs and friends. Clinton decided to use her speaking opportunity before the super rich to attack those criticizing Wall Street [...]

Volcker Rule Approved By FDIC, Federal Reserve, And SEC

By: Tuesday December 10, 2013 10:35 am

The Volcker Rule has been formally approved by the FDIC, Federal Reserve and SEC. The Volcker Rule, named after former Fed Chairman and advocate Paul Volcker, was passed as part of the Dodd-Frank reform act in 2010 and is meant to prevent or limit large Wall Street banks from proprietary trading – trading on their [...]

NY Fed President Says Wall Street ‘Lacks Respect For The Law’

By: Friday November 8, 2013 8:47 am

Is there anyone left who doesn’t think Wall Street has a culture of corruption? Even the President of the New York Federal Reserve William Dudley, a former Chief Economist at Goldman Sachs, has now critiqued Wall Street’s open contempt for the rule of law. Dudley claimed the banksters have displayed “deep-seated cultural and ethical failures.” [...]

New York Fed Tries To Seal Lawsuit From Examiner Fired For Taking On Goldman Sachs

By: Wednesday October 16, 2013 8:29 am

The New York Federal Reserve was not content with just firing Carmen Segarra for taking on Goldman Sachs now they are trying to have her lawsuit sealed. The NY Fed’s justification for sealing the documents and parts of the complaint is the accusation that Segarra stole the documents she is using in her case. In [...]

New York Federal Reserve Fired Examiner Who Took on Goldman Sachs

By: Friday October 11, 2013 7:32 am

Former New York Federal Reserve Bank Examiner Carmen Segarra has a filed a wrongful termination lawsuit against the New York Federal Reserve. In the suit Segarra claims that while acting as a bank examiner for the NY Fed she was told to falsify findings on Goldman Sachs and when she refused was fired. Under a [...]

Goldman Sachs Chief Says Solution To Occupy Wall Street Is Reeducation Of Public

By: Thursday September 26, 2013 8:08 am

So, Wall Street, what have you learned the last five years? What is the lesson? According to Goldman Sachs CEO Lloyd Blankfein there is no lesson and the only problem with Wall Street crashing the economy, using their political power to get a bailout, and then paying themselves bonuses with that bailout money was that [...]

National Credit Union Administration Sues Wall Street Banks For Fraud In Mortgage Market

By: Tuesday September 24, 2013 7:47 am

The National Credit Union Administration (NCUA), a government regulator, has filed a lawsuit against Morgan Stanley, Barclays, JPMorgan, Credit Suisse, Royal Bank of Scotland Group, and UBS for selling fraudulent mortgage-backed securities to credit unions. The sales of these securities amounted to $2.7 billion. Goldman Sachs, Wachovia, Wells Fargo, and Ally Securities also allegedly sold [...]

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