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.┬áHe’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 [...]

Regulators Fine Banks For Rigging Foreign-Exchange Benchmarks

By: Wednesday November 12, 2014 8:18 am

Regulators in the US, UK, and Switzerland have levied fines on banks for rigging benchmarks used by fund managers to determine what they pay for foreign currency in the foreign exchange (forex) market. The fines add up to $4.3 billion in total so far – not exactly a heavy hit on the Too Big To [...]

JPMorgan Facing New Investigation, Citigroup And HSBC Set Aside Funds For Legal Problems

By: Tuesday November 4, 2014 9:59 am

Another day, another exposure of criminal activity on Wall Street. Too Big To Fail/Jail bank JPMorgan is once again under investigation, this time for its conduct in the foreign exchange (forex) market. The Department of Justice probe is reportedly going to cost JPMorgan billions adding to an estimated $5.9 billion in total legal costs at [...]

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 [...]

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