After Corruption Scandal Federal Reserve Says It May Start Enforcing Law

By: Tuesday October 21, 2014 9:16 am

In the aftermath of the exposure of the Federal Reserve collaborating with Goldman Sachs to prevent the bank from being accountable for breaking the law, Fed officials warned Wall Street that if banks did not cut back on reckless and criminal behavior they might finally face penalties including being broken up. The warnings were issued [...]

Google Now Giving More Political Contributions Than Goldman Sachs

By: Friday October 17, 2014 8:08 am

So much for Don’t Be Evil. Google has now overtaken Goldman Sachs in campaign contributions¬†this year. Google’s PAC, NetPAC, has given $1.43 million to candidates this year compared to Goldman Sachs’ $1.4 million. While the difference may be small, the symbolism could not clearer – Silicon Valley has become a major force in legally bribing [...]

SEC Official Supports Libya’s Claim Against Goldman Sachs

By: Tuesday October 7, 2014 7:41 am

Though Goldman Sachs has already admitted in court documents that it bribed officials working for Libya’s sovereign wealth fund, the claim brought by Libya concerning fraud remains contested. Libya’s sovereign wealth fund known as the Libyan Investment Authority (LIA) has accused Goldman Sachs of putting the fund in over $1 billion worth of high risk [...]

Secret Goldman Sachs Tapes Reveal Culture Of Corruption At Federal Reserve

By: Friday September 26, 2014 7:22 am

$GS' Lloyd Blankfein & @HillaryClinton at Women Entrepreneurs #CGI2014 dinner hosted by #10KWomen cc @ClintonGlobal pic.twitter.com/P5bc0mGkSc — GS 10,000 Women (@GS10KWomen) September 24, 2014 The radio program This American Life is airing parts of secret recordings made by Carmen Segarra of meetings she attended at Goldman Sachs while acting as a regulator for the Federal [...]

Goldman Sachs Admits Paying Bribes To Gaddafi Regime

By: Monday September 22, 2014 6:37 am

In court documents Too Big To Fail bank Goldman Sachs has admitted to paying bribes to the government of Muammar Gaddafi in order to gain access to Libya’s sovereign wealth fund. The information came to light from a lawsuit filed in London against Goldman Sachs by the Libyan Investment Authority (LIA). LIA accused Goldman of [...]

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 [...]

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