Wall Street Banks Already Breaking Law Again, Violating Settlements With Prosecutors

By: Thursday October 30, 2014 8:00 am

Brace yourself for an epic shock – Wall Street is breaking the law again. After a couple of years of questionable compliance with legal settlements the banksters are now straight up violating the terms of the deals prosecutors and regulators struck as an alternative to criminal charges. Apparently, as has been argued by everyone not [...]

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 [...]

Elizabeth Warren Says Obama Administration ‘Protected Wall Street Not Families’

By: Monday October 13, 2014 10:28 am

Senator Elizabeth Warren condemned the Obama Administration for perpetually siding with Wall Street instead of Wall Street’s victims. In an interview with Salon conducted by Thomas Frank, Senator Warren noted her frustration with the economic team President Barack Obama put together and claimed that they promoted the interests of Wall Street rather than families losing [...]

Bank Of America’s No-Bid Prison Contract Facing Criticism In Congress

By: Friday October 10, 2014 10:38 am

The prison banking industry is really taking off with an assortment of small time players on the state level snatching all the taxpayer and prisoner money they can. But one of the Too Big To Fail Wall Street banks has it locked up on the federal level. And surprise surprise they have friends at Treasury [...]

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 [...]

Eric Holder Stepping Down As Attorney General

By: Thursday September 25, 2014 9:56 am

Wall Street lawyer turned cabinet secretary Eric Holder is stepping down as Attorney General of the United States. Holder will resign as soon as his successor is confirmed according to National Public Radio which wrote a laudatory piece on Holder that included the news. Those who spoke to NPR told them it was Holder’s decision [...]

Flood Wall Street Actions Come After Massive Climate March

By: Monday September 22, 2014 8:54 am

The crowd is swelljng. Lots of media. Low-key NYPD presence. So far. #FloodWallStreet pic.twitter.com/7GC45oee5z — Arun Gupta (@arunindy) September 22, 2014 While Sunday saw a massive march against climate change with an estimated 300,000 people attending, today activists are participating in Flood Wall Street under the slogan “Stop Capitalism. End the Climate Crisis.” The direct [...]

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 [...]

Secret Emails Show Lack Of Support For Hillary Clinton Among Democratic Activists

By: Friday September 19, 2014 7:58 am

According to secret emails reviewed by The Hill, some influential Democratic Party members are less than enthused about the prospect of Hillary Clinton becoming president. The Google group called “Gamechanger Salon,” hosts 1,500 Democratic Party aligned operatives in activism and media. A years worth of emails revealed “significant dissatisfaction” with Hillary Clinton. The group includes [...]

Poverty Unchanged By Wall Street Recovery

By: Wednesday September 17, 2014 9:19 am

Though the federal government and Federal Reserve moved heaven and earth to ensure the 1% were made whole after the financial crisis, those unable to buy influence in Washington remain frayed. According to the Census Bureau over 14% of Americans remain below the poverty line while financial markets have made a considerable recovery from 2008 [...]

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