Archive for the 'Elite' Category
SEC Orders AIG Bailout Details Sealed Until 2018
January 13th, 2010Via: Reuters: It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group (AIG.N) because of an action taken last year by the Securities and Exchange Commission. In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory […]
Federal Reserve Seeks to Protect U.S. Bailout Secrets
January 12th, 2010Via: Bloomberg: The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history. The U.S. Court of Appeals in Manhattan will decide whether the Fed […]
The Recession Generation
January 12th, 2010From the article below: The situation could get even uglier if, as many predict, a depressed post-crisis landscape forces Americans to let go of the mythology of upward mobility. Oh the horror. Things will get worse if people live within their means and refuse to buy crap that they don’t actually want or need? This […]
Wealthy Clients Flee UBS
January 11th, 2010Via: Bloomberg: UBS AG Chief Executive Officer Oswald Gruebel said it’s “imperative” the largest Swiss bank halt withdrawals by wealthy clients after six quarters of net outflows. “In wealth management it is imperative that we stop the outflow of assets and increase the inflow,” Gruebel said today in a memo to staff obtained by Bloomberg […]
Geithner Has Support of Obama, Democratic Lawmakers, Aides Say
January 11th, 2010Via: Bloomberg: Treasury Secretary Timothy Geithner retains the confidence of President Barack Obama as he faces questions about why the Federal Reserve Bank of New York tried to withhold details of the government’s financial-industry rescue, administration officials said. Aides to top congressional Democrats also said that Geithner has support on Capitol Hill as lawmakers prepare […]
JP Morgan: Largest Provider of Food Stamp Benefits in the U.S.
January 11th, 2010‘Fonz’ Thanked for Bringing Clinton to NZ
January 11th, 2010Anyone who thinks that U.S. billionaires are good for New Zealand should travel to the U.S. to inspect the aftermath of their handy work. In other news: We just roll over, put our legs in the air, and say ‘do what you like to us’. NZ, US Set to Resume Joint Military Drills Lockheed May […]
Sentenced to 40 Months in Jail, UBS Whistleblower Seeks Probe of Government Lawyers
January 8th, 2010Via: Reuters: Lawyers for the whistleblower who helped in the U.S. tax probe of Swiss bank UBS AG asked the government on Tuesday to probe Justice Department lawyers for allegedly making false statements about his case. The National Whistleblowers Center, representing former UBS banker Bradley Birkenfeld as he fights the government over his role in […]
Wal-Mart and H&M Destroy Brand New, Unsold Clothes
January 8th, 2010Add up all the sorrow, hard work and resources that went into producing those goods… Straight to the landfill. Wal-Mart apparently uses a machine to destroy the clothes. How very American is that? Did someone get rich designing and building the machines that Wal Mart uses to destroy brand new clothes before they are thrown […]
Judge Allows Apartheid Suit Against Daimler AG, General Motors, Ford Motor Co. and IBM
January 7th, 2010Via: Courthouse News: A federal judge in Manhattan again allowed a lawsuit to proceed against several corporate giants for their alleged role in aiding South Africa’s oppressive apartheid regime. Daimler AG, General Motors, Ford Motor Co. and IBM are accused of “aiding and abetting” human rights violations under the apartheid government. In October, the South […]
