Income Gap Hits Widest Point Since 1920s

By: Wednesday September 11, 2013 8:11 am

As we hit the 5 year anniversary of the financial crisis where Wall Street got a nice taxpayer funded bailout and no consequences for stealing people’s homes, it seems all is not well for the 99%. Not only did most Americans lose a considerable amount of their net worth when the housing market crashed, due [...]

Goldman Sachs Trader Found Liable For Fraud That Contributed To Financial Crisis

By: Friday August 2, 2013 5:43 am

Fabrice “Fabulous Fab” Tourre was found liable by a jury of six counts of civil securities fraud. Tourre was at the center of Goldman Sachs’ trading in the mortgage backed security market in which Goldman Sachs helped sell poorly constructed frankenbonds made up of various people’s mortgages known as Collateralized Debt Obligations or CDOs to [...]

SEC Deregulates Hedge Funds

By: Thursday July 11, 2013 10:23 am

The SEC is back to its old tricks, putting aside the public interest for private concerns. The latest maneuver involves lifting the ban on allowing highly risky investment vehicles known as hedge funds to advertise publicly for the first time. Yes, even in the bubblemania of the 1990s this was not done for fear people [...]

Jury Acquits Bank Of America Protester Of Vandalism Charges

By: Tuesday July 2, 2013 8:31 am

A San Diego jury decided that a man should not face up to 13 years in jail for protesting Bank of America by writing in water-soluble chalk on the sidewalk in front of bank branch buildings. The man, Jeff Olson, said he was inspired by the Occupy Wall Street movement and was engaging in political [...]

CIA Agents Were Embedded With NYPD And Had “No Limits”

By: Friday June 28, 2013 5:54 am

According to a recently declassified Inspector General report the CIA embedded four intelligence officers inside the New York Police Department even though an Executive Order and the National Security Act of 1947 explicitly forbid the CIA from conducting domestic surveillance. The report, completed in 2011, says that officers believed there were no limitations on their [...]

Consensus Emerging With Economists That U.S. Economy Based On Rents Not Production

By: Friday June 21, 2013 8:02 am

Karl Marx may have been too optimistic about capitalism. Economist Michel Hudson has long claimed that Marx’s contention that ultimately industrial capitalism would triumph over finance capitalism was wrong. That, in fact, bankers have prevailed subjugating the productive forces of industry to the power of debt slavery and rentier capitalism. The real economy has been [...]

Wells Fargo Forecloses On Homeowner For Making Early Mortgage Payments

By: Wednesday May 22, 2013 11:15 am

As Occupy Our Homes demonstrates at the Department of Justice the fraudclosure crisis continues unabated. A Florida family man who not only made his mortgage payments on time but made payments early faces foreclosure by Wells Fargo. The explanation for initiating the foreclosure proceedings by Wells Fargo is nothing short of amazing and offers a [...]

Occupy Our Homes Activists Arrested At Justice Department Headquarters

By: Tuesday May 21, 2013 11:14 am

Members of one of Occupy Wall Street’s offshoots, Occupy Our Homes, were arrested Monday and Tuesday demonstrating outside the headquarters of the Department of Justice in Washington. According to Washington police the protesters attempted to enter the building. About 100 protesters with groups called the Home Defenders League and Occupy Our Homes marched on the [...]

Police Officers Who Pepper Sprayed and Punched Occupy Wall Street Protesters Will Not Be Charged

By: Monday April 22, 2013 7:47 am

Try to contain your surprise, the police officers who brutalized Occupy Wall Street protesters will not face criminal charges. Apparently it is crime to protest but not to beat up protesters despite any reasonable reading of the law leading one to the opposite conclusion. The Manhattan District Attorney will not prosecute a pair of high-ranking [...]

The Fraudclosure Settlement Is Even Worse Than You Think It Is

By: Thursday April 11, 2013 8:43 am

Visit for breaking news, world news, and news about the economy Life, liberty, and property. These were in theory the founding principles of the republic. But as President Obama meets today with the the Big Banksters to plot his latest attacks on Social Security and Medicare, it seems property rights still only exist for [...]

Adbusters Targets Goldman Sachs In New Campaign

By: Monday April 1, 2013 6:00 am

Adbusters, the group that helped launch the Occupy Wall Street movement, has decided to target Goldman Sachs in its next campaign. The campaign will work like a “live action game” with points being awarded to protesters. Hey all you rebels, jammers and meme warriors out there, Let’s play a game. Goldman Sachs, the most powerful [...]

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