Contents Pages by Subject

Corruption

Subject Photo
Article Image News Link • Global

Rawstory.com

 In sworn statements filed with a Virginia court last night, a former Marine and a former Blackwater employee claim that the company’s founder and former CEO, Erik Prince, “may have murdered or facilitated the murder” of people who were aiding a federal investigation into a Baghdad massacre that left 17 dead, according to Nation reporter Jeremy Scahill.

Article Image News Link • Global

CRIME & FEDERALISM

Matthew Goldstein, the Reuters blogger who broke the Aleynikov story, is reporting: It looks like federal prosecutors may be trying to cut a deal with alleged Goldman Sachs high-frequency trading code stealer Sergey Aleynikov.Today was the day for prosecutors to indict Aleynikov, who was arrested on July 3 on the theft charges. But in a court filing, prosecutors told the presiding magistrate judge that they need another 14 days to continue discussions with Aleynikov’s lawyer about a “possible disposition.” In the legal world, a “possible disposition” means a deal. After exposing federal prosecutor Joseph Facciponti's fraud upon the court in his prosecution of Aleynikov, we wrote on July 23, 2009: Aleynikov will be given a super-sweet plea bargain. If his case proceeds towards trial, the world will learn about Goldman Sach's high frequency trading program. Sure, AUSA Joseph Facciponti will try to keep the case under seal. Too many people are paying attention. Reporters a

Article Image News Link • Global

BlueLoriBlogSpot

It was reported today by the New York Post that Goldman told their boyz to tone it down. They should have told Tax Cheat Timmy about his behavior too although maybe they did and figured he would just get away with it oh excuse me Timmy doesn't work for Government Sachs (snicker) he works for the Resident my apologies although you can't trust BO and his boyz either. Anyway with all the Flash Trading now coming under scrutiny because it gives guys like Goldman an advantage it reminded me of this scene from Goodfellas...

Article Image News Link • Global

Investment Watch

On Saturday, July 4, the nation’s Independence Day, the U. S. District Court in Manhattan convened for a bail hearing in a criminal case before a magistrate judge. During the hearing, an Assistant U. S. Attorney divulged information to the magistrate which, in an open society, would produce inch-high headlines screaming scandal. But not in the U. S. A. Three weeks later, mainstream media ignore the incident as no more than business as usual and hardly worth mentioning. Manipulative Software Codes “The incident” was revelation that Goldman Sachs has created and is using computer software secret codes capable of manipulating prices and trading in financial markets worldwide. Goldman has used the secret codes to take gains of hundreds of millions of dollars out of financial markets. Goldman’s computers may actually intercept trading data – real-time buy and sell orders in financial markets – so the secret codes can react in micro-seconds to “front-run” those orders in ways profitabl

Article Image News Link • Global

The Market Ticker

Oh My God. I write two Tickers on The FDIC and banks' refusal to take their marks, and gee, you'd think someone over there might have read them! SAN FRANCISCO (MarketWatch) -- The Federal Deposit Insurance Corp. said late Monday that banks should recognize losses on home loans promptly and warned that failure to do so could delay efforts to mitigate the financial impact. Institutions must analyze the collectibility of the loans they hold for investment at least every quarter, the FDIC said in a statement on its Web site. Banks then have to keep an appropriate allowance for loan and lease losses, covering estimated credit losses on individually evaluated loans that are deemed to be impaired, and on groups of loans with similar risk characteristics, the regulator said.

Article Image News Link • Global

Fox

FBI agents from the Washington, D.C. field office have raided a building in downtown Orlando. Federal and local law enforcement surrounded the Colonial Bank building on East Pine Street in Orlando just before noon. The FBI is working with the Office of the Special Inspector General for the Troubled Asset Relief Program which was established by the Emergency Economic Stabilization Act of 2008.

Article Image Feature Article • Global

Mr. Bud Burrell has extensive experience working with major brokerage firms on the trading desk and arbitrage desk with almost 30 years experience -- Industry authority, expert, Wall Street veteran. Love him or hate him, you will always know where he stands - his no-holds-barred style and frank honesty make his blogs a must read, from one of the originals. View his landmark correspondences in The Bud Files.   (Publisher: Want to understand from the inside of The Greatest Depression?)

Article Image News Link • Global

Google

Have you ever read Barack Obama's Wall Street Problem is now Americas? Google it (by No Quarter) and Is Obama in Wall Streets Pockets (The Business Insider) Bank CEOs should give Uncle Sam a little kudos in their earnings reports. Without the U.S. government's help, financial companies wouldn't be showing such stellar results in the midst of a recession. There has been a flood of surprisingly strong profit news coming from the nation's banks in recent weeks. Asset sales and higher trading volumes have been a big help, but that's not all that got them there.

Article Image News Link • Global

V Dare

Obama progressives should cringe at their president's bear hug of one of the most ethically compromised politicians on Capitol Hill. The Beltway swamp is teeming with Democratic corruption scandals -- Pennsylvania congressman John Murtha's earmark factory and tax-subsidized airports and radars to nowhere; New York Rep. Charlie Rangel's rent-controlled apartment scams and tax scandals; California Rep. Maxine Waters' business ties to a minority-owned bank that received $12 million in TARP money under smelly circumstances, for starters. But Dodd's career epitomizes the most fetid aspects of Washington's culture of corruption. It's a textbook case of nepotism, self-dealing, back scratching, corporate lobbying, government favors and entrenched incumbency.

Article Image News Link • Global

The Business Insider

His environmentalist advocacy supports his business interests Al Gore is pretty much the embodiment of what we will all soon be calling the Green-Industrial Complex. Gore is getting rich from environmentalism, not just by being paid a whopping $175,000 per speech but by using political pressure to force government policy in a direction that benefits his business interests. But Gore is also chairman of a green investment firm called Generation Investment Management, which is a member of the Copenhagen Climate Council, an international collaboration of businesses and science bodies that promotes climate-change mitigation strategies and invests in companies that are environmentally friendly—including firms that produce renewable energy and low-carbon technology. So Gore uses one of his multimillion-dollar organizations—the Alliance for Climate Protection—to put pressure on government to promote the low-carbon lifestyle, which furnishes one of

Article Image News Link • Global

posterchildrenfortermlimits.com

Our new boy on the poster, Sen Charles Grassley of Iowa, doesn’t have the worst overall record of Repubs or Dems but he has, by virtual of his longevity in Congress, reached a position where he has been able to influence enactment of some of the most damaging legislation to our freedoms and well-being. The ethanol disaster is one and now, Obama’s plan to take over healthcare has Grassley in position to enable Obama’s power grab. He’s working on a “compromise” that he says won’t concede the entire health care system of the USA to the State –just a part of what is left in the free market. Government already controls about half of healthcare through Medicare and other federal programs. Where is THAT in the US Constitution? Who benefits from a FedGov command of health care for each and every one of us commoners? Note that all of the plans offered so far by the Obama regime exempts royalty --federal officials and Congress-- from the restrictions and regulations.

Article Image News Link • Global

CNBC

psst...also insure government sachs! The worry is that the company, which has never paid out a claim, might be unable to cope with the Lehman bankruptcy. If it were overwhelmed by claims, the banks and brokerage companies that own Capco, as it is known, could end up owing billions of dollars. By some industry estimates reviewed by the insurance department, Capco could face nearly $11 billion in claims but has only about $150 million with which to meet them. The state is examining whether the company sold policies without the means to cover them

Article Image News Link • Global

Judicial Watch

hmm BO got one also but no one wants to talk about that oh well... The Senate Ethics Committee investigation looking into allegedly preferential treatment afforded powerful Senators Dodd (D-CT) and Conrad (D-ND) by mortgage giant Countrywide Financial has sprung a few leaks. And the emerging details do not look good for either senator.

Article Image News Link • Global

Flopping Aces

U.S. House of Representatives Speaker Nancy Pelosi ramped up her criticism of insurance companies, accusing them of unethical behavior and working to kill a plan to create a new government-run health plan. “It’s almost immoral what they are doing,” Pelosi said to reporters, referring to insurance companies. “Of course they’ve been immoral all along in how they have treated the people that they insure,” she said, adding, “They are the villains. They have been part of the problem in a major way. They are doing everything in their power to stop a public option from happening.” oh, but…she’ll still take their money Pelosi Will Keep “Villains” Campaign Contributions

Article Image News Link • Global

Economic Policy Journal

Customer Asset Protection Company, a little-known insurer whose members include Morgan Stanley, Goldman Sachs,, JPMorgan Chase and Wells Fargo, is becoming the focus of swirling questions as Lehman Brothers' bankruptcy filing puts it to the test. By some industry estimates reviewed by the insurance department, Capco could face nearly $11 billion in claims as a result of the Lehman bankruptcy but has only about $150 million with which to meet them, NYT writes. How do you say Ponzi, in insuranceeze?

Article Image News Link • Global

The Business Insider

Remember the fairy tale about AIG being an otherwise healthy insurance company that just got a little crazy selling credit default swaps? Well, it's time to put that one to rest. snippet.. Regulators have been turning a blind eye to this sort of thing because they are worried about putting the taxpayer investment in AIG at risk. Read that again: we invested billions in AIG and now we can't properly regulate it without putting that investment at risk. It's a brand new type of regulatory capture. Great work, team.

Article Image News Link • Global

Mother Jones

An insider’s view of Wall Street’s rebound. This is perhaps the most important thing I learned over my years working on Wall Street, including as a managing director at Goldman Sachs: Numbers lie. In a normal time, the fact that the numbers generated by the nation's biggest banks can't be trusted might not matter very much to the rest of us. But since the record bank profits we're now hearing about are essentially created by massive federal funding, perhaps it behooves us to dig beneath their data. On July 27, 10 congressmen, led by Rep. Alan Grayson (D-Fla.), did just that, writing a letter to Federal Reserve Chairman Ben Bernanke questioning the Fed's role in Goldman's rapid return to the top of Wall Street.

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:

Purse.IO Save on All Amazon Purchases