Archive for the ‘Economy’ Category

AmpedStatus Report: It’s time for 99% of Americans to mobilize and aggressively move on common sense political reforms. This is the first part of a six-part report. Introduction & Part I: Casualties of Economic Terrorism, Surveying the Damage.

AmpedStatus Report: The economic elite have escalated their attack on the U.S. public by surging military operations in Afghanistan and Pakistan.

You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. The economic elite have launched an attack on the U.S. public and society is unraveling at an increased rate.

A new report from the TARP Inspector General further exposes Economic Death Squad leader Tim Geithner’s role in overpayments that put billions of extra tax dollars in the coffers of major Wall Street firms, most notably Goldman Sachs.

Goldman Sachs games the oil futures market… the entire economy is a scam… no, nothing to see here Congress!

With a resume that includes being the former Co-Chairman of Goldman Sachs, former US Treasury Secretary for 8 years during the Clinton Administration and a former Chairman of Citigroup who was Paulson’s main contact at the firm, Robert Rubin is a pivotal player in the Economic Death Squad.
![Wall Street Economic Death Squad Roundup [Reports & Videos]](http://ampedstatus.com/images/wall-street-economic-death-squad.jpg)
The theft of Trillions of taxpayer dollars has to be the lead story every day until there are investigations and prosecutions to resolve it.

“The homeless in America have Goldman Sachs to thank for their homelessness and starvation right now. They took the money from their pockets, they put it in their bonuses for this year… That’s a financial terrorist crime.”

AmpedStatus founder and editor David DeGraw was recently interviewed on the Peter B. Collins show. They discuss the economic coup and the devastating consequences for the US public, Obama’s failure to deliver on campaign promises, and what we can do to fight for economic justice.

Dylan Ratigan, one of the few mainstream media voices to speak out against the Financial Coup, has his sights set on Treasury Secretary Tim Geithner. We need to heed the call for Geithner’s removal. Here’s a roundup of Ratigan’s latest clips.

In all, Goldman sold more than $57 billion in risky mortgage-backed securities during a 14-month period in 2006 and 2007, including nearly $39 billion issued from mortgages it purchased. Meanwhile, the firm peddled billions of dollars in complex deals, many of them tied to subprime mortgages, in the Caymans and other offshore locations.

People who are aware of the financial coup need to sound the alarm; the time to act is now! Declare yourself.

Dylan Ratigan: Not only has the administration not fixed anything, they have made things much worse for anyone who isn’t a Wall Street banker. The process of taking back our country for all citizens must begin now.

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…”
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