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Matt Taibbi The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about [...] Sheila Bair on TARP, Citigroup and Tim Geithner, Sep. 25. Runs 1 minute. “Tim Geithner and Vikram Pandit were in constant communication during the crisis, and they were figuring out what they were going to do and then trying to jam it on me.” Bair’s new book is Bull By the Horns. —
Sheila with Eliot Spitzer: “Covering up for Citigroup’s problems drove much of the bailout.” Excellent interview. Bair criticizes the way the bailout was handled by the Treasury Department. “A [...] Editor’s Note: An important republish from 2010. As we learned in subsequent months, Repo-105s were not just for Lehman. Bank of America and Citigroup were fans of fruadulently lying about financials at the end of every quarter, too. Video – Eliot Spitzer with Dylan Ratigan Repo 105 transactions are detailed. Handcuffs, and jail sentences are recommended.
– The spectacular fall of Lehman CEO Erin Callan… —
Source: dailybail.com (NaturalNews) Two former high-ranking officials at the U.S. National Security Agency (NSA), a federal bureaucracy that collects data and intelligence on foreign communications for national security purposes, have come forward with allegations that the NSA actively monitors Americans as well. According to testimonies from both Thomas Drake, a former NSA senior official, and Kirk Wiebe, a former NSA senior analyst, the agency actively monitors and collects intelligence on every single American as [...] economicpolicyjournal.com This is a shocking video confirming, by former NSA employees, what many of us probably suspected about the National Security Agency. NSA whistle blowers Thomas Drake, former senior official; Kirk Wiebe, former senior analyst; and William Binney, former technical director, return to “Viewpoint” to talk about their allegations that the NSA has conducted illegal domestic surveillance. All three men are providing evidence in a lawsuit by the Electronic Frontier [...] Daily Ticker The LIBOR scandal that has engulfed London’s financial and political elites is entering its third week and picking up steam on this side of the Atlantic. Among the latest developments: The NY Times reports the Justice Department’s criminal division is “building cases against several financial institutions and their employees.” Three experts on how Wall Street and our biggest banks “do business,” Matt Taibbi, Eliot Spitzer, andDennis Kelleher, explain LIBOR rate collusion in this 9-minute discussion. George Washington documents (here, here, here, here), http://www.washingtonsblog.com/2012/07/9-minute-video-experts-explain-libor-bank-leaders-as-criminal-cartel.html A former student of an elite New York City prep school has revealed decades of sexual abuse at the institution, accusing a string of teachers of vile behaviour while suggesting others covered it up. In New York Times Magazine, Amos Kamil, who graduated from Horace Mann in the Bronx in 1982, gives a harrowing insight into the hellish school years for scores of boys. He details how a music teacher took a student on solo trips to [...] Eliot Spitzer: Obama ‘Has Been On Wall Street’s Side Since Day One’ When it comes to reforming Wall Street, President Obama is all talk, according to Eliot Spitzer. The former New York governor took to Reuters TV’s Fast Forward with Chrystia Freeland to slam the president for what he says is a talk-tough, act-weak approach to the financial industry, [...] To backup, the JOBS act has been called the “crowdfunding act” because it lifts various regulations on startups raising money, and how many shareholders it can have. The JOBS Act has been hailed as a bipartisan triumph. Here’s the left’s response, per Rolling Stone’s Taibbi: The JOBS Act “couldn’t suck worse.” It will nearly legalize and encourage fraud on Wall Street. And it completely goes against the populist anger against Wall Street that sparked Occupy [...] 10:06 p.m. | Updated For nearly a year now, Al Gore and Joel Hyatt have been building their liberal cable news channel, Current TV, with the mercurial television anchorman Keith Olbermann at its center. This week, the center collapsed. Current said on Friday afternoon that it had fired Mr. Olbermann — one of the nation’s most prominent progressive speakers — just a year into his five-year, $50 million contract. It was the culmination [...] By Eliot Spitzer Imagine you walked into a bank, applied for a personal line of credit, and filled out all the paperwork claiming to have no debts and an income of $200,000 per year. The bank, based on these representations, extended you the line of credit. Then, three years later, after fighting disclosure all the way, you were forced by a court to tell the truth: At the time you made the [...] NEW YORK (Reuters) – Former New York Governor Eliot Spitzer was hit with a $60 million libel lawsuit by a former Marsh & McLennan Cos Inc executive over a column posted on Slate.com about an insurance bid-rigging scandal. William Gilman, a former Marsh executive marketing director, said Spitzer acted with “actual malice” by suggesting in an August 22, 2010 column titled “They Still Don’t Get It” [...] EDITORS NOTE: Some language used may be offensive to some readers. As much as CNN likes to tell the public and advertisers that it’s squarely in the sensible center between the partisan attacks of MSNBC and Fox News, the reality says otherwise. Even if CNN has no Screaming Schultzes or Crazy Larry O’Donnell types, it’s still firmly in the Democratic sphere of influence. On his show, “In [...] A TVNewser reader Tweeted at us today: @tvnewser @HowardKurtz: Did CNN really exclude Spitzer from Malveaux package on Sex Scandals & Politics? Hmm.. The answer: yes it did. Suzanne Malveaux‘s story, which aired at 2:30pmET, made mention or showed images of politicians ranging from John F. Kennedy to John Edwards; also former Governors James McGreevey and Mark Sanford, and former Sen. Larry Craig and current Sen. David Vitter, former Pres. Bill Clinton, and [...] by zh By now America has grown to expect that every failed negotiation by the politico-financial oligarchy always ends up with some version of the “Mutual Assured Destruction” card. And while the bankers of the world at least threaten others with total annihilation if their “much more erudite” suggestions are not adopted up by the great unwashed plebs, the president has come up with a unique [...] |
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