Here we go. Say bye bye to the Eurodollar. Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough. As Germany slowly makes for the door, one might ask… Read More So Goes the EU and the Eurodollar Dream
The 24 arrestees, comprising 15 women and nine men, spent several hours in a jail in South Boston, but are unlikely to face any serious charges. via Bank of America: 24 People Arrested in Boston Protest.
The U.S. Federal Reserve secretly gave big banks $16 trillion in emergency loans. And they haven’t exactly been forthcoming about it. It took a GAO audit for this to come to light. Yeah. That’s trillion with a tee.
“I had grossly underestimated the level of extraordinarily unethical and even fraudulent behavior that had occurred on such a large scale,” Ferguson tells All Things Considered host Melissa Block, in a conversation airing Friday. via Inside Job Director Charles Ferguson, Taking Wall Street Firmly To Task : Monkey See : NPR.
Hey-o! The Securities and Exchange Commission has charged investment banking titan Goldman Sachs with civil fraud over a pre-packaged mortgage instrument they say was designed to fail. via US charges Goldman Sachs with fraud | Raw Story.
Apparently, Goldman Sachs would be in trouble if it were a Vegas casino. The issue deals with things called front-running and derivatives trading against its own investors. For the rest of us, “derivatives” is a general term used on Wall Street to describe any kind of securities trading that is done off the market and… Read More Lloyd! 8==>
God bless MATT TAIBBI. He got it right again! This is the most important issue in America right now and the only magazine to deal with it right is Rolling Stone? Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy – they’re re-creating the conditions for another crash.… Read More Wall Street’s Bailout Hustle : Rolling Stone
I found this on Reddit and had to put it up here. Works with any administration.
Lawsuit: Goldman Sachs bonuses bigger than its earnings | Raw Story.
Goldman-Sachs bankers ready themselves to kill peasants in the inevitable uprising – Boing Boing.