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Tag Archives: Wall Street
Foreclosure Fraud Just the Tip of the Iceberg
Dylan Ratigan, Ohio Secretary of State Jennifer Brunner, and Karl Denninger of The Market Ticker unravel foreclosure fraud: To reiterate, the fraud in foreclosures that we’re seeing now is just the tip of the iceberg. The purpose is to try … Continue reading
Posted in bailout, Congress, economy, Financial Crisis, financial reform, financial regulation, Foreclosures, Justice Department, Obama administration, special interests, too big to fail, Wall Street
Tagged 40 states, attorneys general, bailout, BofA, Chase, Congress, David Axelrod, Dylan Ratigan, financial reform, foreclosure, fraud, insolvent, Karl Denninger, Market Ticker, mortgages, national moratorium, resolution authority, securities, Wall Street, White House
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Why Tim Geithner Opposes Elizabeth Warren as Head of the CFPB
Elizabeth Warren should be a no-brainer as President Obama’s choice to head the newly-created Consumer Financial Protection Bureau (CFPB). She is a long-time advocate for the rights of consumers, the person most responsible for the Bureau’s inclusion in the recently-passed … Continue reading
Posted in bailout, economy, financial reform, financial regulation, Obama administration, Politics, too big to fail, Wall Street
Tagged bankers, CFPB, Consumer Financial Protection Bureau, Elizabeth Warren, Hank Paulson, Huffington Post, John Ralston, Larry Summers, President Obama, scheme, TARP, Timothy Geithner, Wall Street
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It’s True Harry, and You Have Only Yourself to Blame
Welcome to the party, Harry. You’re a little late, but glad you finally got here: “Republicans hope unemployment rates jump higher to give them a better shot at retaking Congress, Majority Leader Harry Reid said Wednesday. At a press conference … Continue reading
Social Security Cuts Straight Ahead
Reading the road signs along the highway that leads to cutting or privatizing Social Security: In December Blue Dog Jim Cooper, said a report which showed “that the governments unfunded liabilities are roughly $56 trillion” was “shocking.” He called for … Continue reading
With Gregg on Finance Reform Committee Prospects Aren’t Good
Financial reform is once again on the agenda as the House—Senate conference committee attempts to reconcile the differences between the 2 bills beginning on Thursday. This article from McClatchy doesn’t give me reason to be optimistic about the outcome: “A … Continue reading
Senate Votes on Financial Regulation Amendments
Any time anything passes in the Senate by a vote of 96–0 I’m suspicious. Those numbers are usually reserved for meaningless proclamations declaring ‘National Be Kind to Puppies and Kitties Day.’ But such a vote took place yesterday on Sen. … Continue reading
Posted in bailout, Congress, Democrats, economy, financial reform, financial regulation, lobbyists, McCain, Politics, Progressives, too big to fail, Wall Street
Tagged audit, Chris Dodd, conservatorship, David Vitter, derivative trading, Fannie Mae, Federal Reserve, Freddie Mac, Lincoln, lobbyists, McCain, Russ Feingold, Sanders amendment, Shelby, study, Wall Street
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Blankfein Supports Financial Reform?
OK, now I’m suspicious. Goldman CEO Lloyd Blankfein says Wall Street will be the “biggest beneficiary” of financial reform: “A financial regulatory reform bill has at least one supporter outside of Congressional Democrats, Lloyd Blankfein, the head of investment bank … Continue reading
The “Secret Channel” at Lehman Brothers
Today’s New York Times has an account of a Lehman Brothers “alter ego” firm, Hudson Castle, part of the “vast financial system that operates in the shadows of Wall Street”: “It was like a hidden passage on Wall Street, a … Continue reading
Posted in bailout, economy, Financial Crisis, Politics, Wall Street
Tagged alter ego, Lehman Brothers, New York Times, shadow banking, Wall Street
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Banksters Up To Their Old Tricks
Wall Street is up to its old tricks again, juggling the books to make their levels of debt appear lower at the end of the quarter which….drum roll please….increases their bonuses: “Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Bank of … Continue reading
Posted in bailout, economy, Financial Crisis, Politics, Wall Street
Tagged Bank of America, Federal Reserve, Goldman Sachs, hiding, JP Morgan, Morgan Stanley, risk, Wall Street
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Still Waiting for the Wall Street Perp Walks
From Bankster USA, Will Anyone Bunk With Bernie? “Bernie Madoff is lonely. Eighteen months after the collapse of the financial system, not one Wall Street Titan has joined the [Ponzi] King in the federal pen…Apparently no one at the Department … Continue reading
