Former Bank of America CEO Ken Lewis Charged with Fraud; It’s Only a Start

Written by: Michael Shedlock On April 24, I wrote Let the Criminal Indictments Begin: Paulson, Bernanke, Lewis. You will be pleased to read Ex-BofA chief Lewis charged with fraud. New York Attorney General Andrew Cuomo said Thursday it was bringing civil charges against senior Bank of America (BAC) executives, including former company CEO Ken Lewis, [...]

Enough With The Government Cover-Ups

Edward Harrison, 01.12.10, 04:20 PM EST What really happened to AIG and other bankrupt firms. It has come to light recently that American International Group withheld important information about its dealings with financial counterparties in the lead-up to its collapse and bailout by the Federal Reserve. What is most troubling about this episode is that [...]

Is The U.S. Economy Being Tanked By Mistake or By Intent? by Bill Sardi

Is The U.S. Economy Being Tanked By Mistake or By Intent? by Bill Sardi Recently by Bill Sardi: Who Is Left Holding the Bag on US Debt? The government wants Americans to believe the greatest economic collapse in history was the result of ineptness and mistakes yet still have confidence in their financial institutions. Should American bankers be [...]

THE ATLANTIC: The Quiet Coup

FACTSNEWS- MUST READ! Lengthly, we will only post the first paragraph. Full Article The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more [...]

Federal Reserve Bank is financial system’s new “uber-regulator” – USATODAY

Excerpt from USATODAY.com President Obama unveiled a stem-to-stern overhaul of financial industry regulation Wednesday, promising dramatic changes for banks, consumers, hedge funds and even the inner workings of the Federal Reserve. The ambitious proposal is designed to strengthen a ramshackle system of government oversight that failed to either prevent or mitigate the current financial crisis. … The new [...]