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OeBB-Holding AG, Austria's state-owned railroad company, reported a record 966 million-euro($1.3 billion) loss after writing down the value of derivatives that went awry. OeBB's 2008 loss compared with a profit or 42.4 million euros a year e
Milan's financial police seized 476 million euros($620 million) of assets belonging to UBS AG,Deutsche Bank AG,JPMorgan Chase & Co and Depfa Bank Plc amid a probe into alleged fraud linked to the sale of derivatives.
The top U.S. intelligence official says that Rep. Jane Harman was not monitored by a National Security Agency wiretap. Dennis Blair, the National Intelligence Director, declined to say Monday which agency requested the reported wiretap and oversaw t
If Team Obama will give torturers a free pass (a very small group that has nevertheless done tremendous damage to America's standing in the world), there is absolutely no way it has any appetite for exposing the massive fraud in the financial sys
It's crystal clear from the letter that a strong case can be made that Paulson and Bernanke coerced Lewis to carry out a merger agreement that was not in Bank of America's shareholders best interest.
Americans are fed up with the political, Wall Street and media establishments. There are 15 survey questions on a wide variety of subjects including economics, politics, the GOP & Ron Paul, the financial meltdown & the media.
Bernanke and Paulson implicitly ordered Ken Lewis to keep silent about the massive losses Merrill was sustaining in Q4. Put differently, Paulson and Bernanke ordered him to deceive his own shareholders about the condition of the company BAC was buyin
It's about time you learned who is behind the food safety bills.
In 2007 ASU reports a record increase in net worth of $108 million. This includes $55 million in net investment income.
(Yeah right) David Kellermann, acting chief financial officer of Freddie Mac, committed suicide in his Hunter Mill Estates home Wednesday morning. Fairfax County Police spokeswoman Mary Anne Jennings tell WTOP police responded
Former presidential candidate Alan Keyes has given perhaps his most dire warning yet, saying that the Obama administration is preparing to stage terror attacks, declare martial law and cancel the 2012 elections, which is why they are demonizing their
Wikileaks has released detailed lists of the controversial Republican Senator Norm Coleman’s supporters and donors. Some 51,000 individuals are represented.
Meredith A. Whitney, a prominent research analyst, said in a recent report that what banks were doing amounted to a “great whitewash.” The industry’s goal — and one that some policy makers share — is to create the impression that banks are stabilizin
Obama's partnership with Wall Street criminals.
$15 Trillion of U.S. Treasury / Fed / FDIC Initiatives
The mayor of Duncanville, Texas had a member of the city council arrested last Tuesday for speaking out against the use of red light cameras during an official meeting. The incident took place during the discussion of whether the city should spend $5
For conspiracy lovers, long searching for any circumstantial evidence to catch the mysterious "plunge protection team" in action, you should look no further than this.
This could get interesting. The Financial Times tells us that Neil Barofsky, the special investigator general for the TARP, is looking whether banks cooked their books by overvaluing assets to qualify for TARP funding.
Nobody is entitled to be paid twice for the same risk and reap what amounts to a windfall profit by quite literally engineering a multi-billion dollar transfer of funds from the Taxpayer to the firm!
He's just saying ...
A public radio reporter visiting a VA hospital earlier this week to work on a story about veterans’ healthcare was stopped by government officials mid-interview, ordered to leave the hospital and had some of his recording equipment confiscated.
In 2007, assistant police chief Tracy Montgomery wrote, “Dave Barnes is a repeat offender and it is my hope that his specific conduct be addressed formally, rather than informally...Mark my words, if Dave is dealt with, others will think twice about
An panel that reviews possible ethical lapses by members of the House of Representatives launched a preliminary review of Rep. Jesse Jackson Jr.'s efforts to be appointed to the US Senate by ousted Illinois Gov. Rod Blagojevich
A Colorado man who works for Evangelical group Focus on the Family has been arrested after he solicited sex online from an investigator posing as a teenage girl, police have said. “Juan Alberto Ovalle, 42,
A House subcommittee wants to legalize payday loans with interest rates of up to 391%. Lobbyists from the payday industry bought Congress' support by showering influential members, including Chairman Luiz Gutierrez, with campaign cash.
An indictment is expected as early as Thursday charging ousted Illinois Gov. Rod Blagojevich with presiding over state government awash in political corruption. The indictment U.S. Attorney Patrick J. Fitzgerald is expected to produce would replace
I have maintained for some time that taxation is government’s most criminal enterprise and that it is, in fact, a form of slavery. Yet it continues to baffle me that so many people cannot or will not see the obvious truth in these statements and ins
The Supreme Court is not our last peaceful means to boot the impostor from the White House.
Watch these FANTASTIC videos! This Guy Bob Basso ROCKS!!!
Many are still missing and unaccounted for, but one big pair was found.
