1) U.S. Default Would Change Fundamentals of Rating, Moody’s Says
“The U.S. would risk not winning back its top Aaa credit rating soon if a failure by Congress to raise the nation’s debt limit causes even a short-term default, according to Moody’s Investors Service’s senior credit officer.
“Up until now, our assumption was that the risk is virtually zero of them ever missing an interest payment,” Moody’s Steven [...]
SEC’s Schapiro seeks to set up system to identify and collect trading data
SEC Porn Problem: Officials Surfing Sites During Financial Crisis, Report Finds
- ABC News
* Senator Levin: Goldman Sachs misled clients, Congress
* Deutsche, Moody’s, S&P all criticized in new report
By Kevin Drawbaugh
WASHINGTON, April 13 (Reuters) – In the most damning official U.S. report yet produced on Wall Street’s role in the financial crisis, a Senate panel accused powerhouse Goldman Sachs of misleading clients and manipulating markets, while also condemning greed, weak regulation and conflicts of interest throughout the financial system.
Carl Levin, chairman of the [...]
In what could be seen as an attempt to cover the the Banksters Criminality and Greed several mainstream sources are now reporting…
Financial terrorism suspected in 2008 economic crash
“Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran. Chinese military officials publicly have suggested using economic warfare against the U.S”
How stupid do [...]
Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows.
Senators have criticized Goldman Sachs Group Inc. for profiting from the housing collapse. And Congress is considering legislation to curb Wall Street risk-taking, including the use of financial instruments known as derivatives and of leverage, or methods that amplify returns.