tag:blogger.com,1999:blog-5724181159639068489.post6178843735082157783..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs is an SDI--a "Systemically Dangerous Institution"RobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5724181159639068489.post-89657128454839626402011-08-07T11:43:15.990-04:002011-08-07T11:43:15.990-04:00Well, JP Morgan Chase has finally reached its goal...Well, JP Morgan Chase has finally reached its goal. I'm sure the other banks are aiming to take advantage of the financial crisis (which they created) in order to buy up public property for their private use and to seek rent from the taxpayer while so doing. I'm sure there will be a lot more privatizing of the public sector where the banks always seem to have a key role, both coming and going.<br /><br />The solution may be to create a public bank that serves the public interest and is regulated by a government that has the interests of the public as its mandate.Joycenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-50462017118628954572011-08-06T20:14:39.259-04:002011-08-06T20:14:39.259-04:00Not goldman...but not good, either!
How JP Morgan...Not goldman...but not good, either!<br /><br />How JP Morgan Took Over All Kentucky's Financial Services, And Why You Should Be Scared<br />One of the major players in the global financial crisis is now in charge of all financial transactions in an entire state. Could this spread? <br /><br />http://www.alternet.org/story/151917/how_jp_morgan_took_over_all_kentucky%27s_financial_services%2C_and_why_you_should_be_scared?page=entireAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-22279520356074648782011-08-06T17:48:01.434-04:002011-08-06T17:48:01.434-04:00Criminal Mortgage Probes Fizzle Out
Federal crim...Criminal Mortgage Probes Fizzle Out <br /><br />Federal criminal investigations of IndyMac Bancorp and New Century Financial Corp. have stalled and could result in no charges being filed, said people familiar with the situation.<br /><br />Separately, the U.S. Attorney's office in Seattle announced Friday it had closed its investigation of Washington Mutual Inc., another failed mortgage lender, with no criminal charges being brought.<br /><br />The three separate investigations, among the first to weigh criminal charges against the companies and their executives at the heart of the housing crisis, each hit major stumbling blocks. <br /><br />http://online.wsj.com/article/SB10001424053111903885604576488603431078830.html<br /><br />Blocked again...by...<br /><br /><br />CORPORATE CRIME REPORTER<br /><br />”It’s bad enough that the regulators allowed the bad behavior and practices to proliferate. But now it’s going to result in very few prosecutions.”<br /><br />“This feeds into the idea that there are two sets of rules in America. There is one set of rules for people like you and me. And there is another set of rules for people who are powerful, who are politically connected, who have very high level jobs, who know the right people.”<br /><br />http://corporatecrimereporter.com/morgenson07282011.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-27745474689892152252011-08-06T16:52:27.591-04:002011-08-06T16:52:27.591-04:00The Debt Ceiling Debate That Didn't Happen
War...The Debt Ceiling Debate That Didn't Happen<br />War and Debt<br /><br />By MICHAEL HUDSON<br /><br />But now that finance is the new form of warfare – domestically, not externally – where is the power to constrain Treasury and Federal Reserve power to commit taxpayers to bail out financial interests at the top of the economic pyramid? The Fed and other central banks claim that their political “independence” is a “hallmark of democracy.” It seems to be rather a transition to financial oligarchy. And now that finance has joined with the oil industry, major monopolies and privatizers of the public domain, the need for some kind of Congressional oversight is as necessary as was parliamentary power over military spending in times past.<br /><br />http://www.counterpunch.com/hudson08032011.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-28071125497152694302011-08-06T16:36:44.853-04:002011-08-06T16:36:44.853-04:00Leech's is the word...
S&P Downgrades US ...Leech's is the word...<br /><br />S&P Downgrades US To AA+, Outlook Negative <br /><br />More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. Our opinion is that elected officials remain wary of tackling the structural issues required to effectively address the rising U.S. public debt burden in a manner consistent with a 'AAA' rating and with 'AAA' rated sovereign peers.<br /><br />http://www.youtube.com/watch?v=Ji6DmtX3bOg&feature=youtube_gdataAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-47837139809218077542011-08-06T12:36:37.696-04:002011-08-06T12:36:37.696-04:00Imagine if there was no tarp?...a lot of wall stre...Imagine if there was no tarp?...a lot of wall streeter's would have been joining these poor people<br /><br /><br />From "The Tent City of New Jersey:<br /><br />http://www.financialarmageddon.com/2011/08/big-changes-afoot.html#commentsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-6594033921826894302011-08-06T12:15:52.096-04:002011-08-06T12:15:52.096-04:00Think about this...as in how many others have funn...Think about this...as in how many others have funneled $ to others...<br /><br />Firm donates $1 million to pro-Romney PAC, then disappears<br /><br />Big donors have found yet another way to anonymously funnel obscene amounts of money to political candidates.<br /><br />Restore Our Future, a Super PAC supporting Republican presidential candidate Mitt Romney, received $1 million from W Spann LLC, one of the biggest donations of the 2012 campaign season so far. Months later, the firm dissolved, leaving few clues to the true identity of the donors.<br /><br />http://www.rawstory.com/rs/2011/08/04/firm-donates-1-million-to-pro-romney-pac-then-disappears/Anonymousnoreply@blogger.com