Federal Reserve Facing Scrutiny After Corruption Scandals

By: Monday November 24, 2014 7:58 am

Last Friday New York Federal Reserve Chairman and former Goldman Sachs Chief Economist William Dudley went before the Senate Banking Subcommittee on Financial Institutions and Consumer Protection. Dudley testified in the wake of a slew of scandals the New York Fed was caught up in including a secret recording that revealed the Fed looked on [...]

New York Fed Head William Dudley To Give Yet Another Speech On Wall Street’s Corrupt Culture

By: Friday November 21, 2014 8:10 am

Former Goldman Sachs Chief Economist and current President of the New York Federal Reserve, William Dudley, is preparing to once again speak on Wall Street’s corrupt culture. He’s not going to do anything about it, but he does love to talk (and talk and talk) about how Wall Street’s culture of corruption is creating instability and [...]

Goldman Sachs Gained Inside Information From New York Fed

By: Thursday November 20, 2014 8:22 am

Wealth of America's top 0.1% is about to exceed that of bottom 90% for first time since 1930s http://t.co/XiPh31bQjO pic.twitter.com/nasmFcsY5y — The Economist (@TheEconomist) November 10, 2014 Apparently that recent study showing banking culture is corrupt in essence is not so far off the mark as it has now been revealed that Goldman Sachs received [...]

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 [...]

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