Obama's Failure to Hold Banks Accountable for Fraud

Obama's Failure to Punish Banks Should Be Causing Serious Social Unrest | Alternet
A new PBS Frontline report examines outrageous steps Obama's administration took to protect Wall St. Wall Street from prosecutions.

Goldman Sachs' Global Coup D'etat

Goldman Sachs' Global Coup D'etat
There’s one tie that binds Lucas Papademos in Greece, Henry Paulsen in the United States, and Mark Carney in the U.K., and that’s Goldman Sachs. All were former bankers and executives at the Wall Street giant, all assumed prominent positions of power, and all played a hand after the global financial meltdown of 2007-08, thus making sure Goldman Sachs weathered the storm and made significant profits in the process.

But that's just scratching the surface.  As Europe descends into an austerity-induced economic crisis, Goldman Sachs's people are managing the demise of the continent. As the British newspaper The Independent reported earlier this year, the Conservative technocrats currently steering or who have steered post-crash fiscal policy in Greece, Germany, Italy, Belgium, France, and now the UK, all hail from Goldman Sachs. In fact, the head of the European Central Bank itself, Mario Draghi, was the former managing director of Goldman Sachs International.

John R. Talbott: The Ethical Investor: Wall Street Ripoff #5 - Convincing You That Money Markets Are the Same As Cash

John R. Talbott: The Ethical Investor: Wall Street Ripoff #5 - Convincing You That Money Markets Are the Same As Cash

Why Another Banking Crisis Is Coming Our Way

Uncle Sam Needs YOU for a Bailout: 6 Reasons Another Big Banking Crisis Is Coming Our Way | Alternet
Time is running out for prosecutors to file cases against big banks for activities that triggered the 2007-2009 financial crisis, since statutes of limitations set deadlines for launching prosecutions for fraud and other financial crimes. If prosecutors don’t start lawsuits before these deadlines expire, the big banks will, once again, have got off scot-free.
Failure to pursue banks, culpable management and employees for their complicity in causing the financial crisis is one of six bad policies that ensure we’re likely to see another bust-up of a big U.S. bank -- sooner rather than later.

The 25 Most Dangerous Journalists in Financial Media

Joshua M. Brown: The 25 Most Dangerous People in Financial Media

$21 Trillion Hiding In Tax Shelters

6 Things You Should Know About the $21 Trillion the World's Richest People Are Hiding In Tax Shelters | Alternet
While governments slash spending and lay off workers, citing a need for “austerity” because of the slow economy, the ultra-rich—fewer than 10 million people—have stashed an amount equal to the US and Japanese economies combined away from the tax man. This is according to a new report by the Tax Justice Network , and their findings are shocking. The lost tax revenue from offshore tax shelters, they note, “is large enough to make a significant difference to all of our conventional measures of inequality. Since most of the missing financial wealth belongs to a tiny elite, the impact is staggering.” 

Countrywide Investigator Fired for Doing Her Job While Rampant Fraud Was Concealed

The Whistleblower's Tale: Countrywide Investigator Fired for Doing Her Job While Rampant Fraud Was Concealed | | AlterNet
Countrywide Financial was one of the subprime lenders at the heart of the financial crisis; its predatory lending practices resulted in disgustingly large payouts for executives while sticking low-income borrowers with explosive mortgages they hadn't a hope of paying back. The New York Times' Gretchen Morgenson called Countrywide, “Exhibit A for the lax and, until recently, highly lucrative lending that has turned a once-hot business ice cold and has touched off a housing crisis of historic proportions.”

Wall Street's Biggest Heist Yet?

Wall Street's Biggest Heist Yet? How the High Wizards of Finance Gutted Our Schools and Cities | Economy | AlterNet
Wall Street banks have hollowed out our communities with fraudulently sold mortgages and illegal foreclosures and settled the crimes for pennies on the dollar.  They’ve set back property records to the early 1900s, skipping the recording of deeds in county registry offices and using their own front called MERS.  They lobbied to kill fixed pension plans and then shaved a decade of growth off our 401(K)s with exorbitant fees, rigged research and trading for the house.

As Evidence Mounts, DC Insiders Worry About Holder's Inaction on Wall Street Crime

Richard (RJ) Eskow: As Evidence Mounts, DC Insiders Worry About Holder's Inaction on Wall Street Crime

More and more Washington insiders are asking a question that was considered off-limits in the nation's capital just a few months ago: Who, exactly, is Attorney General Eric Holder representing? As scandal after scandal erupts on Wall Street, involving everything from global lending manipulation to cocaine and prostitution, more and more people are worrying about Holder's seeming inaction -- or worse -- in the face of mounting evidence.
Confidential sources say that the President's much-touted Mortgage Fraud Task Force is being starved for vital resources by the Holder Justice Department. Political insiders are fearful that this obstruction will threaten Democrats' chances at the polls. Investigators and prosecutors from other agencies are expressing their frustration as the ever-rowing list of documented crimes by individual Wall Street bankers continues to be ignored.

It's over for the banking cabal. 4.jul.2012 - YouTube

It's over for the banking cabal. 4.jul.2012 - YouTube

Europe How Goldman wired Greece for implosion

Europe How Goldman wired Greece for implosion

AlterNet: How Jamie Dimon's New Business Model From Hell Could Take Down Wall Street – Again

AlterNet: How Jamie Dimon's New Business Model From Hell Could Take Down Wall Street – Again

An Institutional Flaw At The Heart Of The Federal Reserve | The Baseline Scenario

An Institutional Flaw At The Heart Of The Federal Reserve | The Baseline Scenario
By Simon Johnson

The Swap Crisis

The Swap Crisis
In-depth analysis of a new banking ploy to tank state economies.

How Wall Street Hustles America's Cities and States Out of Billions | Economy | AlterNet

How Wall Street Hustles America's Cities and States Out of Billions | Economy | AlterNet

Many powerful interests have jumped at the opportunity to use the crisis to eviscerate what’s left of the welfare state.

Opinion: Facebook threatens to 'Zuck up' the human race - CNN.com

Opinion: Facebook threatens to 'Zuck up' the human race - CNN.com
... something even dodgier than a potential stock market fraud is going on. The social network is taking something much more important than money from its nearly one billion members. By sabotaging what it really means to be human, Facebook is stealing the innocence of our inner lives.

Richard (RJ) Eskow: Mr. Dimon's Bank, Sen. Lee's Short Sale: Unanswered Questions About a Suspect Deal

Richard (RJ) Eskow: Mr. Dimon's Bank, Sen. Lee's Short Sale: Unanswered Questions About a Suspect Deal

Charles Ferguson: How Financial Criminalization Crashed the Economy, and the Culprits Got Off Scot-Free

Charles Ferguson: How Financial Criminalization Crashed the Economy, and the Culprits Got Off Scot-Free

10 Reasons To be Suspicious About Wall Street's Facebook Fiasco | OurFuture.org

10 Reasons To be Suspicious About Wall Street's Facebook Fiasco | OurFuture.org

Banking malfeasance We Don't need more Regualtions, We Need new Regulators

Banking malfeasance We Don't need more Regulations, We Need new Regulators