Lets Hang Together or We Will Surely Hang Apart!
In Goldman Sachs We Trust?
It’s going from obscene to disgusting. Each day reveals how we’ve traded away our sense of decency and the common good in exchange for pure, unadulterated greed.
Unemployment is a statistic. We hear it so often that, unless we are without work, it loses its meaning. Even when we learn that the [...]
Wall Streets Biggest Con Game
Why is Wall St. at war to keep financial innovation secret, hidden, and without public transparency? Why is Wall Street spending millions on lobbyists to kill financial-regulation reforms?
Because Wall Street rakes in tens of billions of dollars annually from their financial innovations, gambling in the shadowy $670 trillion global derivatives market. [...]
Time to Drain Wall Street Bonus Pool
NEW YORK (Fortune) — Is the Fed about to hit the brakes on the Wall Street gravy train?
A year after they survived the financial meltdown with considerable taxpayer help, Goldman Sachs (GS, Fortune 500) and Morgan Stanley (MS, Fortune 500) stand to spend $35 billion combined this year on [...]
America is Being Governed by Callous Children
The new economic statistics put growth at a healthy 3.5% for the third quarter. We should be dancing in the streets. No one is, because no one has any faith in these numbers. Waves of money are sloshing through the system, creating a false rising tide that lifts all [...]
Fed Chief, Ben Bernanke Doesn’t Know Where $500 Billion in U.S. Taxpayer Money Went
Federal Reserve Chairman Ben Bernanke ventured to the Hill this week for his semi-regular beating at the hands of freshman Rep. Alan Grayson (D-Fla.).
Grayson’s Fed exchanges have become small sensations online; a May grilling of the Fed inspector general approaching a million [...]
An eye opening video by our own politicians. See what is really going on within the Federal Reserve.
Fed Plans New Rules to Protect New Homebuyers
WASHINGTON (AP) - In an effort to prevent a repeat of the current mortgage mess, Federal Reserve chairman Ben Bernanke says the Fed next week will issue new rules aimed at protecting future homebuyers from dubious lending practices. Bernanke also says the Fed may give squeezed Wall [...]
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