The Obama Justice Department vs Big Five Banks Settlement is Actually a Payoff for Services Rendered

by Scott Creighton Keep this information in mind as you read the following article: The largest banks made a combined 13 billion dollars in profits from 7.77 trillion dollars of undisclosed emergency loans from the Federal Reserve bank over and above the 780 billion dollar banker bailouts. The loans and the bailouts were a direct [...]

Conspiracy Theory No More: Goldman Sachs in a Bid to Rule the World

Goldman Sachs is certainly a major player in the push to rule the world by financial insiders, but the real master has been and still is, the Bank for International Settlements (BIS), the central banks of the network of privately owned central banks. Goldman was instrumental in creating the world financial crisis by developing, selling, [...]

Accused of Deception, Citi Agrees to Pay $285 Million

from the New York Times Citigroup has agreed to pay $285 million to settle a civil fraud complaint that it misled investors in a $1 billion derivatives deal tied to the United States housing market, then bet against the investors as the housing market began to show signs of distress, the Securities and Exchange Commission [...]

Sept 17th Occupy Wall Street Protest News

by Scott Creighton This is what it takes to protect the criminal elites from the people. This is America in a nutshell…

The Strauss-Kahn Set-Up and the Globalist Assault on Greek Sovereignty

by Scott Creighton Now that Dominique Strauss-Kahn has been successfully removed from the equation, the globalist financial institutions are free to cash in on the Great Recession they created.  They’re attempting to hammer the people of Greece into submission with new “unprecedented” levels of privatization of public assets and even calls for “outside institutions” to [...]

Max Keiser Blames Crash of 2008 on Mexican Drug Lords…. believe it or not

by Scott Creighton UPDATE: read Bill Conroy’s recent article about L-3 and the private sector mercenaries already in Mexico. Then go here to read an article about how the VAST MAJORITY of Mexican people have been protesting to end the US led “war on drug cartels” which has led to over 38,000 dead civilians in [...]

Fed Report Finds No Wrongful Foreclosures By Banks, Consumer Advocates Slam Methodology

from Huffington Post A months-long investigation into abusive mortgage practices by the Federal Reserve found no wrongful foreclosures, members of the Fed’s Consumer Advisory Council said Thursday. During a public meeting attended by Fed chairman Ben Bernanke and other regulators, consumer advocates on the panel criticized federal bank regulators for narrowly defining what constitutes a [...]

Wrong Matt Taibbi. Wrong Cenk Uygur: They Aren’t Prosecuting the Banksters Because the Banksters Were Doing What They Were Told To Do

by Scott Creighton Cenk Uygur interviews Matt Taibbi about his new article in Rolling Stone magazine which looks at how few (one) of these criminal bankers and financial CEOs have been prosecuted for their blatant criminality over the past 12 years or so. In the end, Taibbi finally suggests that the reason no one got prosecuted as they [...]

Vision: Everyday Brits Are in Revolt Against Wealthy Tax Cheats — Can We Do That Here?

by Johann Hari, AlterNet Imagine a parallel universe where the Great Crash of 2008 was followed by a Tea Party of a very different kind. Enraged citizens gather in every city, week after week—to demand the government finally regulate the behavior of corporations and the superrich, and force them to start paying taxes. The protesters [...]

Obama Pulls a Clinton

by Robert Sheer, Truthdig Here we go again. When Bill Clinton suffered an electoral reversal after his first two years in office, he abruptly embraced the corporate money guys who had financed his congressional opposition in an effort to purchase a second term. On Tuesday in his Wall Street Journal Op-Ed piece, Barack Obama veered [...]

Journalism of Appeasement. Corruption, Smoke and Mirrors

(A must read) by David DeGraw, Global Research Here’s a brief summation of my recent reporting: If we continue to let our politicians and wealthy members of society live in comfort, free from the consequences of their actions, we are complicit in our own demise. Our country is so overrun with corruption, we cannot remain [...]

Fed report lifts lid on Great Bank Heist of 2008-2009

by Barry Grey, WSWS The US Federal Reserve Board on Wednesday released documents on emergency measures it took between 2007 and 2010, using taxpayer funds, to bail out major financial firms in the US and around the world. The sums involved are staggering. Fed bailout loans outstanding reached a high of $3.3 trillion, but the [...]

Obama on “60 Minutes”: A servant of big business

by Patrick Martin, WSWS US President Barack Obama was interviewed for nearly half an hour on the CBS News program “60 Minutes,” broadcast Sunday night. The discussion with correspondent Steve Kroft was conducted on Thursday, November 4, and was the only extended public interview with Obama since the rout of the Democrats in last Tuesday’s [...]

Little-Noticed Bill Could Make It Harder To Challenge Foreclosures

by William Alden Challenging foreclosures could become more difficult for homeowners if the president signs a bill that passed through the Senate last week. The little-noticed bill comes at a time when the validity of foreclosure proceedings across the nation have been called into question. The House passed the bill in April, and its brisk [...]

US banks fake documents to rush foreclosures

by Tom Eley, WSWS Major US banks systematically faked documents in order to speed up foreclosures for hundreds of thousands of homeowners, a mounting body of evidence shows. It appears likely that federal and state laws were broken in the process. The scandal speaks both to the dimensions of the social crisis and the criminality [...]