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 [...]

YAHOO: Preparing for the Worst

by Robert Kiyosak Posted on Monday, August 24, 2009, 12:00AM “Is the crisis over?” is a question I am often asked. “Is the economy coming back?”My reply is, “I don’t think so. I would prepare for the worst.” Like most people, I wish for a better future for all of us. Life is better when people [...]

Goldman Sachs – THE WORLD’S BIGGEST PONZI SCHEME

Taken from a comment by “Calltoaccount”, which was taken from Institutional Risk Analytics, blogged by www.cjr.org Res Ipsa Loquitor: Here’s the real story that’s been conveniently swept under the rug. From Reuters: QUESTION: Did Goldman do any due diligence on AIG before buying credit default swaps (CDS) from it? ANSWER: “We do extensive due diligence on [...]

RANT: Do people UNDERSTAND what is going on? WTF???

WTF??? Is this not the largest economic crisis ever? Should we all be losing our heads over this? Do people even UNDERSTAND how huge this is? Obviously not I just got off the phone with my parent. I explained to her how America is losing tax reciepts up to the tune of 54 BILLION in [...]

Golden Parachutes: How the Bankers Went Down

by WallStats.com on 2/24/2009 When high-ranking executives are fired from a company, for whatever reason, they don’t go to the back of the unemployment line. Instead, they typically receive compensation in the form of the “golden parachute.” Golden parachutes can include severance pay, cash bonuses, stock options or other benefits. In the case of the [...]

Forget AIG Bonuses — The Next Bailout is Here

Ruth Conniff Global Research March 21, 2009 Democrats from Andrew Cuomo to Barney Frank to Barack Obama are demanding that the 418 AIG employees who received bonuses give them back. Sure, it’s outrageous that the very people who drove AIG off the cliff, along with a whole lot of other financial firms, walked away with [...]

Tax Time Covert Ops

By Catherine Austin Fitts~Solari Real Channel I just got back from town where I listened to the latest rumors – the local African-American gang is rumored to be planning a gang initiation. Initiates are required, or so it goes, to kill three women and three men at the local big box store. Two years ago, [...]

The Real AIG Conspiracy

By Prof. Michael Hudson~Global Research It may seem odd, but the public outrage against $135 million in AIG bonuses is a godsend to Wall Street, AID scoundrels included. How can the media be so preoccupied with the discovery that there is self-serving greed to be found in the financial sector? Every TV channel and every [...]

Senate quietly stripped measure restricting bonuses from bailout legislation

John Byrne Published: Wednesday March 18, 2009 A new revelation in the scandal surrounding AIG’s decision to pay multi-million dollar bonuses to executives — a provision that would have restricted companies receiving federal government bailout aid from paying bonuses was quietly stripped from a bill last month. The measure, introduced by Sen. Ron Wyden (D-OR), [...]