Another Bandit Bernanke Multi-Billion $$$ Bank Bailout Blunder

The National Memo – Markets Surge As Federal Reserve Offers New Stimulus

Oh Pleeese, who does Ben Bernanke think he is kidding?!  Congress has the ability to say, “Don’t buy bad debt.”

The stock market surged today because the Federal Reserve announced it was going to take $40 Billion of our tax dollars per month “until further notice” and buy inflated, defective, fraudulent mortgage-backed securities (MBS) indefinitely from the banksters.

Does that really make any sense? Continue reading

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RSN: Will the Peasants Go Medieval on Bankers?

Readers Supported News: By Washington’s Blog

While everyone from Tony Blair to Nouriel Roubini is debating whether or not bankers should be hanged, the Wall Street Journal and Bloomberg provide some fascinating historical context.
Dark subjects: A Red Saunders creation. This picture is called Wat Tyler and the Peasant’s Revolt, 1381.  Continue reading

Chris Whalen: The Fallacy of “Too Big To Fail”–Why the Big Banks Will Eventually Break Up

Jim Puplava is Author & Host of Financial Sense & Financial Sense Newshour providing weekly broadcasts and writing thought-provoking commentary for Financial Sense Online in addition to interviews with top financial thinkers.
In a riveting interview on the banking industry, Christopher Whalen of Tangent Capital Partners in New York joins Jim on Financial Sense Newshour to discuss the fallacy of “too big to fail,” conflicts of interest in the derivatives markets, problems with the 2005 bankruptcy laws, and political failures, policies and programs.

Chris Whalen elaborates on the present economic situation and why we are not seeing the changes Americans expect.   Continue reading

The Greatest Cover-up of All Time – Wall Street and The Treasury Steal the Future

By DEADLY CLEAR
We are Americans first, not Republicans, Democrats, Unions, Government Workers, Corporate Employees, Retirees – WE ARE AMERICANS!  

WE Americans were scammed “big time” by Wall Street greed and elite wannabes.

Whether you are NYPD, Iowa, Detroit, Baltimore, Chicago, Florida, California, NJ, Washington, Maine or Oregon police (just to name a few), a fireman, teacher, government or corporate employee, FBI, CIA, Judge, prosecutor or clerk – your pension and retirement funds (FERS) were put at risk and are likely gone. Wake up. Continue reading

Part I – The Elites will Eat Their Own: Full-Blown Civil War Erupts On Wall Street

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

By David DeGraw

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Turn On Each OtherFinally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here’s an extensive roundup: Continue reading

Oh Pleeeeze – Where’s the Handcuffs?

New York Times

Federal Regulators Sue Big Banks Over Mortgages

By  and KEVIN ROOSE
Published: September 2, 2011

A bruising legal fight pitting the country’s most powerful banks against the full force of the United States government began Friday, as federal regulators filed suits against 17 financial institutions that sold the mortgage giants Fannie Mae and Freddie Mac nearly $200 billion in mortgage-backed securities that later soured.

Continue reading

U.S. Is Set to Sue a Dozen Big Banks Over Mortgages – Yeah, sure.

So, what’s this? Another charade? Did Geithner or Bernanke suggest, “Hey Barack we’ll fix it, we’ll just file a big lawsuit against everybody and then we’ll cut a deal that let’s the banks off the hook for everything for the $20 billion the AG’s won’t settle on…”

New York Times

By 
Published: September 1, 2011

The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.

The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter.

The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims. Continue reading

Obama Administration Tries to Protect Banksters Urging AG Cooperation

MaxineIt was midnight Sunday. I couldn’t sleep.  NY Times emails me an alert to Gretchen Morgenson’s article about how the Obama “I only care about the banks” Administration is trying to negatively influence the NY AG (my hero) Eric Schneiderman who is gunning after the Wall Street banks for their foreclosure fraud and Ponzi scheme that collapsed our country. I was angry, tossing and turning all night thinking about how I would blog my emotions. When I awoke there were several other well-respected bloggers that expressed my feelings for the leader of the unemployed, homeless, “free” world better than I ever could.
 Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal

By
Published: August 21, 2011 Continue reading

The Women Who Left Obama

When women continually walk out of your life it says a lot about your personality.  In business it says a lot about the operation of the company.  In the Obama administration good women have been bolting since the beginning of his term and a common theme seems to surface:

Ellen MoranEllen Moran, Communications Director.
Ms Moran lasted less than three months in the Obama administration, announcing her sudden departure in April 2009. Some commentators speculated that Ms Moran had had a difficult time breaking into Mr Obama’s tight-knit circle of close advisers – most of whom had worked with the president for many years – making it hard for her to carry out her role.

There are more…

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S&P Downgrade: Ex-Obama Adviser Christina Romer Says U.S. ‘Pretty Darn F**ked’

This Week’s Catch-Up
Posted By DEADLY CLEAR 

Huffington Post reported on August 6, 2011: Ex-Obama Adviser Christina Romer Says U.S. ‘Pretty Darn F**ked’

On the same night that Standard and Poor’s downgraded the United States’ top-level credit rating for the first time in history, Christina Romer, former chair of Obama’s Council of Economic Advisers, didn’t mince words when asked of downgrade’s potential consequences. 

The U.S. is “pretty darn f**ked,” Romer said during a segment on Real Time with Bill Maher called “How F**ked Are We?”, after Maher asked what the new could mean for the U.S. economy. Continue reading