Bernanke Pursuing Failed Policies of the Past, Pushing For Yet Another...
Photo Credit: DerFussi The Federal Reserve chairman, Ben S. Bernanke, delivered a detailed and forceful argument on Friday for new steps to stimulate the economy, reinforcing earlier indications that...
View ArticleCrime Does Pay: Convicted Felon Gets $104 Million from IRS
Bradley Birkenfeld, the former UBS AG (UBSN) banker who went to prison after telling the Internal Revenue Service how the bank helped thousands of Americans evade taxes, secured a whistle-blower award...
View ArticleFederal Reserve Grappling With When To End Stimulus Program
Photo Credit: DonkeyHotey New minutes from the Federal Reserve show central bank officials grappling with exactly when and how the Fed should exit from its massive stimulus efforts. The minutes...
View ArticleFed Preparing For Future PR Nightmare
photo credit: medill dc Everyone wants the Federal Reserve to say how it will unwind the $3 trillion balance sheet amassed from years of quantitative easing. Indeed, this was something of a hot topic...
View ArticleTexas Fed Chief Says Too-Big-to-Fail Banks Should Be Shrunk
Photo Credit: 401(K) 2013 Federal Reserve Bank of Dallas President Richard Fisher said the government should break up the biggest U.S. banks rather than allow them to hold a “too-big- to-fail”...
View ArticleRussia’s Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout in...
Photo Credit: Greek Reporter Representatives of the Russian company submitted the proposal to the office of Cypriot President Nicos Anastasiades on Sunday evening, Sigma TV reported. The proposal...
View ArticleNobody’s Property Is Safe When Bailouts Begin
Photo Credit: Petros Giannakouris Imagine checking your bank statement one day only to discover that someone had just taken 10 percent out of your savings account without your permission. You’d be...
View ArticleCyprus Rejects Bailout Deal Leaving Eurozone Facing Fresh Crisis
Photo Credit: Filip Singer The Cypriot parliament has thrown out a controversial plan to skim €5.8bn (£5bn) from savers’ bank accounts, in a move that risks plunging the eurozone into a fresh crisis...
View ArticleBernanke: ‘Too Big To Fail’ Remains A Problem
Photo Credit: Gerald R. Ford School of Public Policy Federal Reserve Chairman Ben Bernanke said Wednesday that he still views “too big to fail” banks as a “major issue” that must be addressed....
View ArticleConfirmed: Bank Deposits To Be Seized In Cyprus, Many Cypriots Have No Cash...
Photo Credit: Getty Images Cyprus has agreed to shrink its bloated financial industry and tap big depositors at its two leading banks for billions of euros, clearing the way for a €10 billion European...
View ArticleFinancial Crisis Caused by Banksters on Cocaine, Says Former UK Drug Czar
Photo Credit: Getty Images The former Government drugs tsar, Professor David Nutt, has said the financial crisis was caused by too many bankers taking cocaine. The controversial academic, who was...
View ArticleEverything is Rigged: The Biggest Price-Fixing Scandal Ever
Photo Credit: Victor Juhasz Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The...
View ArticleIn Hours, Thieves Took $45 Million in Massive, Internationally Coordinated...
Photo Credit: NY Times It was a brazen bank heist, but a 21st-century version in which the criminals never wore ski masks, threatened a teller or set foot in a vault. In two precision operations that...
View ArticlePenny Pritzker: Obama’s Worst Insult to His Left-Wing Base
Photo Credit: breitbart In a crowded field, Chicago billionaire, bundler, sub-prime banker and union buster Penny Pritzker is clearly the worst nominee that President Barack Obama has chosen for his...
View ArticleFormer Counsel to World Bank Claims that US Government has been Co-opted by...
Photo Credit: intellihub A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered...
View ArticleOver a Trillion Dollars of Student Loans on the Brink; Fall-Out Could Be...
Photo Credit: AFP Cable news channels regularly stoke their viewers’ fears about China holding $1.1 trillion of U.S. debt. But they’re focused on the wrong $1.1 trillion of loans. The borrowers of...
View ArticleMan Faces 13 Years in Jail for Criticizing Big Banks with Sidewalk Chalk...
Photo Credit: Scripps Media By Marie Coronel. The case against a North Park man who wrote anti-big bank messages on city sidewalks with chalk will go to trial, a judge decided Tuesday. Jeff Olson is...
View ArticleCrime Does Pay: Convicted Felon Gets $104 Million from IRS
A convicted, incarcerated felon was just awarded $104 million dollars from the IRS for telling about how he and other bankers helped rich Americans evade millions in taxes.
View ArticleFederal Reserve Grappling With When To End Stimulus Program
Several participants also fretted that the Fed's policy, aimed at bringing down long-term interest rates, could encourage "excessive risk-taking and adverse consequences for financial stability." At...
View ArticleFed Preparing For Future PR Nightmare
It's becoming clear that Fed is becoming increasingly concerned about public perception, especially given all of the chatter about how the Fed is going to exit.
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