Archive for the 'Elite' Category
Eric Kolchinsky: Moody’s Whistle-Blower
September 23rd, 2009Via: Reuters: Senior managers at Moody’s Corp still favor revenue over ratings quality and are willing to dismiss or silence employees who disagree with them, according to a recently suspended Moody’s managing director. In written testimony obtained by Reuters for a U.S. congressional hearing on Thursday, Eric Kolchinsky said the firm’s credit policy group is […]
U.S. Taxpayers May Owe As Much As $23.7 Trillion for “Stimulus” and Bailouts
September 23rd, 2009Via: Bloomberg: U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program. The Treasury’s $700 billion bank-investment program represents a fraction of all federal support to resuscitate the U.S. financial […]
2,500 Pennsylvania National Guardsmen Deployed for G-20 Security
September 23rd, 2009Via: Lebanon Daily News: More than 2,500 Pennsylvania National Guardsmen – including several from Lebanon County – are in Pittsburgh for the G-20 summit, set to take place Thursday and Friday. During the mission, dubbed Operation Steel Kickoff, the Guardsmen will fall under the direction of the U.S. Secret Service and will support local, state […]
AIG May Not Repay Its Taxpayer Tab
September 23rd, 2009Mmm hmm. Via: ABC News: One year after the biggest corporate bailout in the country’s history, a government watchdog office Monday warned that American taxpayers may not recoup the full $182 billion given to embattled insurance giant American International Group. “AIG’s ability to restructure its business and repay the government is unclear at this time,” […]
And Now… FDIC Could Seek Bailout from Banks
September 22nd, 2009Oh man, I’ve heard it all at this point. Here are the details of how this will work. Note: Get ready to close the tab that opens or your eyes may start to bleed after just a few seconds. Via: AP: Regulators may borrow billions from big banks to shore up the dwindling fund that […]
Cannabis Oil Cures Cancer: “Run From The Cure” The Rick Simpson Story
September 22nd, 2009Change: U.S. Charges Obama Fund-Raiser in $290 Million Fraud
September 22nd, 2009Via: Reuters: Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday. The announcement follows last month’s indictment of Nemazee, head of a private equity firm and […]
ADM: The Fix Is In
September 22nd, 2009Via: This American Life: We hear from Kurt Eichenwald, whose book The Informant is about the price fixing conspiracy at the food company ADM, Archer Daniels Midland, and the executive who cooperated with the FBI in recording over 250 hours of secret video and audio tapes, probably the most remarkable videotapes ever made of an […]
Iceland: “This Was No Ordinary Crash”
September 21st, 2009“The smallest central bank in the world is central to a financial scandal that threatens to engulf much of the West. What secrets must the larger banks hold?” — The Daily Bell: Iceland: What Ugly Secrets Are Waiting to Be Exposed in the Meltdown? From August. Via: Telegraph: Almost a year since the collapse of […]
The Dark Years Are Here
September 21st, 2009Good reading from July. Via: Matterhorn Asset Management: In this newsletter we will outline what is likely to be the devastating effect of the credit bubbles, government money printing and of the disastrous actions that governments are taking. Starting in the next 6 months and culminating in 2011-12 the world will experience a series of […]
