Archive for the 'Elite' Category
Goldman Sachs: The Great American Bubble Machine
July 1st, 2009I know what you’ll be thinking as you read this: That my last job in the U.S. (Wall Street Chop Shop and “We Americans Were Very Clever”) was with Goldman Sachs. Good guess, but no. The firm that I worked for is dead now. Via: Rolling Stone: THE GREAT AMERICAN BUBBLE MACHINE From tech stocks […]
Confidential Memo Reveals U.S. Plan to Provoke an Invasion of Iraq
June 30th, 2009Via: Guardian: A confidential record of a meeting between President Bush and Tony Blair before the invasion of Iraq, outlining their intention to go to war without a second United Nations resolution, will be an explosive issue for the official inquiry into the UK’s role in toppling Saddam Hussein. The memo, written on 31 January […]
Bernard Madoff Sentenced to 150 Years in Prison
June 29th, 2009We still don’t know who his accomplices were, or where the money went. Via: Bloomberg: Bernard Madoff was sentenced to 150 years for masterminding the largest Ponzi scheme in history, six times longer than the penalties meted out to the chief executives of WorldCom Inc. and Enron Corp. Madoff appeared in court today before U.S. […]
Bush Regime Creature Now Shilling for Financial Firms
June 29th, 2009With the Obama regime crawling with Wall Street Shills, this should make for a successful partnership in crime. Via: Mother Jones: The strategic communications specialist advising a financial industry effort to enhance Wall Street’s image has plenty of experience in spinning the American public: In the Bush White House, he was one of the aides […]
“Within a few years, the Franken-insects could be airborne.”
June 28th, 2009Guess who? I know. It’s not a tough question. Yes, Bill Gates is at it again. I have to wonder, though: Have they backed off from talking about the flying syringes, genetically engineered mosquitoes that deliver vaccines when they bite people? Maybe that idea was just too f*&^%$# nuts for maintaining the right appearances. Via: […]
More Obama Lies: Signing Statement on $106B War Bill
June 28th, 2009Via: The Hill: President Obama signed the $106 billion war-spending bill into law Friday, but not without taking a page from his predecessor and ignoring a few elements in the legislation. Obama included a five-paragraph signing statement with the bill, including a final paragraph that outlined his objections to at least four areas of the […]
Ben Bernanke on Ron Paul’s Proposed Leglslation to Audit the Federal Reserve
June 26th, 2009“My concern about that legislation is that if the GAO is auditing not only the operational aspects of our programs and the details of the programs, but is making judgments about our policy decisions, that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve, […]
Gerstner Says Short-Term Gains Should Be Taxed at 80%
June 26th, 2009The margin is the problem. Take margin out of the picture. End it all. Deleverage the trades. Make it so that you can only trade the amount of equities that you have in cash. Sheesh! What a concept. Now, I’m not so keen on the 80% tax part because this would eliminate the potential for […]
China Reiterates Call for New World Reserve Currency
June 26th, 2009Yeah, yeah. We understand. Get on with it already. Via: Bloomberg: China’s central bank renewed its call for a new global currency and said the International Monetary Fund should manage more of members’ foreign-exchange reserves, triggering a decline in the U.S. dollar. “To avoid the inherent deficiencies of using sovereign currencies for reserves, there’s a […]
Citigroup Ordered to Suspend Some Operations in Japan
June 26th, 2009Via: Bloomberg: Citigroup Inc. was ordered by Japan’s financial regulator to suspend marketing of banking services to individuals for a month, after failing to put in place adequate internal controls to prevent money laundering. The Financial Services Agency told Citibank Japan Ltd. to halt retail banking sales from July 15 to Aug. 14, except in […]
