Whistleblower exposes insider trading program at JP Morgan

Reposted from http://wikileaks.org

Description of JP Morgans stock program from page 21 of the leaked document.

Legal insider trading in three easy steps, brought to you by JP Morgan and the SEC
KEVIN WILSON, MARIA CHRISTINA PADRO,JULIAN ASSANGE & staff
March 16, 2009
A confidential memo obtained by Wikileaks shows that not only has the U.S. Securities and Exchange Commission created an insider trading loophole [...]

Obama spending money we don’t have

Letter to the Editor from Tom Lottinville

Barack Obama was not my choice for president but when he won the 2008 election I was willing to give him a chance to demonstrate that he would institute real change, transparency, and honesty in government.
In his promotion of the “Economic Stimulus Bill” he has failed to honor those [...]

Who’s More to Blame: Ben Bernanke or Credit Derivatives?

By Dan Caplinger and Anders Bylund March 17, 2009 

The case for credit derivatives, by Dan Caplinger In general, when you’re looking for a scapegoat, you want to grab the highest-profile person you can find. But with the current financial mess, the real culprits are hiding in the shadows: those who [...]

AIG Gets Flak Over Bonuses, But Derivatives Bailouts Are Where The Big Money Is

AIG has once again been paying out sums of money so enormous that you need to annex part of your brain just to comprehend them. It’s spending its bailout cash on the debatable (the wronged counterparties in its derivatives trading) and the outright bad (its employees via fat bonuses).
First, the juicy villainy. Over the weekend, [...]

Obama Appoints Top Notch CFR, Bilderberg Members

Published on 01-23-2009By Kurt Nimmo
From Reuters:
In a flurry of diplomatic activity in his first week in office, U.S. President Barack Obama on Thursday named special envoys for the Middle East and the Afghanistan-Pakistan region.
Newly confirmed Secretary of State Hillary Clinton said Obama had chosen George Mitchell, a former senator and seasoned international trouble-shooter, as an envoy [...]

The Size of Derivatives Bubble = $190K Per Person on Planet

Tom Foremski
Silicon Valley Watcher
March 17, 2009
More must read financial analysis from DK Matai, Chairman of the ACTA Open.
The Invisible One Quadrillion Dollar Equation — Asymmetric Leverage and Systemic Risk
According to various distinguished sources including the Bank for International Settlements (BIS) in Basel, Switzerland — the central bankers’ bank — the amount [...]