Justices Souter and O’Connor, Intelligence Agency Heads and Congressmen All Warn of Tyranny in America
Fourteen months, one MF Global carcass and $1.6 billion in "vaporized" funds later, does the CFTC still regulate the futures markets by fax?
Economics Professor: "[We’ll Have] a Never-Ending Depression Unless We Repudiate the Debt, Which Never Should Have Been Extended In The First Place"Submitted by George Washington on 07/20/2011 12:01 -0400
There's regular debt honestly incurred - which people shouldn't be deadbeats on. We should be responsible and repay our debts! Tut then there's "odious" debt ... a different animal altogether
"At the Root of the Crisis We Find the Largest Financial Swindle in World History", Where "Counterfeit" Mortgages Were "Laundered" by the BanksSubmitted by George Washington on 10/12/2010 04:13 -0400
The big banks are saying that these are simply "procedural defects" which don't affect their ability to foreclose.
Are they right?
The noose is tightening, even though one could speculate the one doing the tightening ought to be on the other side of the rope as well. That said, we sure miss the days when Dick Bove used to provide instacommentary on Wells and Goldman, typically of the buy every dip format. That beard makes him look so wise and grizzled... That, or in dire need of grooming.
Economist James Galbraith: Economists Should Move into the Background, and "Criminologists to the Forefront"Submitted by George Washington on 04/22/2010 20:11 -0400
Forget the economists ... call in the criminologists.
Dear Attorney General Holder:
While the SEC lacks the authority to act beyond civil actions, the U.S. Department of Justice (DOJ) has the power to file criminal actions against those who commit financial fraud. We ask assurance from you that the U.S. Department of Justice is closely looking at this case and similar cases to further investigate and prosecute the criminals involved in this, and other financially fraudulent acts. Furthermore, if the DOJ is not currently looking into this particular case, we respectfully ask you to ensure that the U.S. Department of Justice immediately open a case on this matter and investigate it with the full authority and power that your agency holds. The American people both demand and deserve justice in the matter of Wall Street banks whom the American taxpayers bailed out, only to see unemployment and housing foreclosures rise.
Debt repudiation: good idea or bad idea?
Reserves? We don't need no stinkin' reserves!
If you think that the world of crime has to be shady and underhand, you are wrong. With the beginning of the fourth world war, organised crime has globalised its activities. In this new war, politics, as the organiser of the nation state, no longer exists. Now politics serves solely in order to manage the economy, and politicians are now merely company managers. An oft misunderstand leader, Subcomandante Marcos, now Delegado Zero, tried to warn us more than 12 years ago that "it takes no more than a few minutes for companies and states to be sunk", and that they would be sunk, not by military theater operations, but by hurricanes of finance. More than a decade later, with many of his predictions now coming true, perhaps it's finally time we started listening to him.
Institutional Risk Analytics FTW ...
Prosecute the criminals, or else the economy won't improve...
Think you know what aspects of America's banking system need to be changed?
Are you sure you're not missing anything?
There's been a coup.