Archive for the ‘Economy’ Category

Goldman Sachs peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in US housing prices would send the value of those securities plummeting.

The Coup Leaders hand down a new decree: the “Financial Stability Improvement Act” aka TARP on Steroids.

The deadly trade in cluster bombs is funded by the world’s biggest banks who have loaned or arranged finance worth $20 billion to firms producing the controversial weapons, despite growing international efforts to ban them.

This is a brief excerpt from Matt Taibbi’s detailed reporting on the inner workings of the coup leaders during their hits on Lehman Brothers and Bear Stearns.

With help from Washington, the for-profit college industry is loading up millions of low-income students with debt they’ll never pay off.

Eliot Spitzer: If the Angelides commission issues subpoenas to investigate these five questions and promises to set these documents before the public, we will know it is for real and will serve a genuine public purpose.

George Carlin on how Big Business and Wall Street run the country and screw over working class taxpayers: “The game is rigged, and nobody seems to notice, nobody seems to care…”

When you read the headlines about “pay czar crackdowns” and “clawbacks” and “reining in pay,” you should know that this whole Wall Street psychological operation is being run by the same man who sold us the Iraq war!

Here’s the follow-up to our Wall Street Economic Death Squad video. The US middle class has been hit by an economic deathblow…

What trader in his right mind decides to dump his money into a glorified black hole, taking on unlimited risk in the process, for minuscule returns? The banks should have been made to drop off an envelope at the taxpayer’s doorstep every month.

Political “leadership” of the two oligarchy parties spin their economic policy as being for the public benefit. Professional economists increasingly cast economic policy in unprecedented harsh criticism, even calling for public demonstrations against what they claim as gross violations of financial law. Let’s consider current facts of high importance…

A massive rally in Chicago next week aims to express public displeasure with the massive bank bailout outside the American Bank Association annual meeting. Protesters will converge at 11:30 on Monday, October 26, at 301 North Water Street, where the meeting is taking place.

Here is the video featured in our report: The Wall Street Economic Death Squad. It features Congressional questioning from Representative Alan Grayson regarding trillions of dollars in Federal Reserve “off-balance sheet transactions,” with music by NIN and Jay Z.

If we could get one of the Economic Death Squad members to float a duct-taped flying saucer balloon, the mainstream media might cover the real hoax.

The amount of poverty and suffering required for the emergence of a Goldman Sachs, and the amount of depravity that the accumulation of a fortune of such a magnitude entails is left out of the mainstream media, and it is not always possible to make the people in general see this.

The reason the ecosystem is dying is because corporations look at everything, from human beings to the natural environment, as exploitable commodities.

The past few days have been very revealing when it comes to the financial coup that has occurred here in the US. Here’s a special report we have compiled which features the most recent information available concerning the takeover.

When reality is smacking you in the face, you have to eventually reach a point where you begin to act, where you fight back.

The bank announced $3.1 billion in third-quarter profits today, and set aside $5.3 billion for bonuses. Help us find out how they spend it.

Reining in the financial industry’s power and greed will be a long, hard-fought war. But it is one that must be fought.
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