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How the Business Roundtable and Chamber of Commerce Are Killing Financial Reform

How the Business Roundtable and Chamber of Commerce Are Killing Financial Reform

A "shadow bank lobby" has played a prominent role in shaping the financial reform process, pushing amendments that will weaken consumer protections, water down regulation of the Wall Street casino, and increase the likelihood of continuing fraud and future bailouts.

Financial Reform Report Card: Banksters 37, People 10, Partisans 53

Financial Reform Report Card: Banksters 37, People 10, Partisans 53

The financial reform process is providing definitive proof as to what the true priorities are for each Senator. 10 Senators have emerged as American heroes, 37 Senators have revealed themselves as puppets of the Financial Oligarchy.

Take Action! How We Can Save OUR Economy

Take Action! How We Can Save OUR Economy

AmpedStatus has joined a new coalition to fight for economic justice. We are sick of reporting upon the crimes of Wall Street and watching our future go up in flames without any accountability or measures being taken to defend against blatant criminality. The Wall Street Elite have controlled our political process for too long! The following is our first announcement and call to action.

The Financial Oligarchy Reigns: Democracy’s Death Spiral From Greece to the United States

The Financial Oligarchy Reigns: Democracy's Death Spiral From Greece to the United States

Democracy is devolving into fascism before our eyes, the "iron law of oligarchy" is once again asserting itself. You cannot have a concentration of vast wealth and Democracy at the same time, and we currently have the greatest concentration of wealth in history...

High Frequency Terrorism: How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States

High Frequency Terrorism: How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States

By David DeGraw & Max Keiser
The stock market plunge on May 6th was an act of domestic financial terrorism in America. A day that will live in infamy.

On the Edge with Max Keiser & David DeGraw: Goldman Sachs, AIG, Hank Paulson and Market Manipulation [Video]

On the Edge with Max Keiser & David DeGraw: Goldman Sachs, AIG, Hank Paulson and Market Manipulation [Video]

Keiser and DeGraw discuss the unreported underlying elements of the SEC's case against Goldman Sachs, Hank Paulson's background and role in causing the economic crisis, the Federal Reserve's illegal activities, the epidemic of accounting fraud on Wall Street, and expose clear examples of trillions of dollars stolen through market manipulation.

How the SEC and Congress Can Bring Down Goldman Sachs and Expose the Financial Coup

How the SEC and Congress Can Bring Down Goldman Sachs and Expose the Financial Coup

Not only did Goldman Sachs profit on betting against CDOs they designed to fail; more importantly, they insured them through AIG which led to a $182 billion taxpayer bailout.

As the Middle Class Collapses and the American Poverty Rate Soars, the Economic Elite Have Never Had It Better [Audio & Transcript]

[Audio & Transcript] Part I: David DeGraw's Speech to World War II Veterans on the Economic Elite Vs. the People of the United States

David DeGraw recently gave a speech to World War II veterans summing up his recent reporting: "The Robber Barons of the Gilded Age have now been displaced as America's most despotic and depraved ruling class."

Shocking Censorship at Google News and the Future of Net Neutrality

Shocking Censorship at Google News and the Future of Net Neutrality

For those of you who want to know what the internet will end up like when the Comcast, AT&T, Verizon and Time Warner interests take it over, you need to look at this shocking new case of censorship by Google News.

David DeGraw Interviewed on Ring of Fire & RT [video]

David DeGraw Interviewed on Ring of Fire & RT

Mike Papantonio talks with David DeGraw about the REAL America, the one that those of us who aren't CEOs of major corporations live in. David also appeared on RT TV and called for "a mass movement to restore the rule of law."

Is It Time for Law Abiding American Citizens to Stop Paying Their Taxes and Start a New Government?

Is It Time for Law Abiding American Citizens to Stop Paying Their Taxes and Start a New Government?

The evidence is now overwhelming. The United States government has facilitated the theft of trillions of dollars of national wealth and 99% of the US population no longer has political representation.

The Best Way to Rob a Country, Own a Bank [Video]

The Best Way to Rob a Country, Own a Bank [Video]

The best way to understand the theft of trillions of our dollars, listen to William Black on The Real News Network...

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With Ronaldo, Kaka Real Madrid Becomes NY Yankees of Soccer

Posted on Monday, June 15th, 2009 at 8:04 am, Filed under News, Sports . Follow post comments through the RSS 2.0 feed. Click here to comment, or trackback.admin

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By Neil McLeman

With Kaka, Ronaldo Real Madrid Becomes NY Yankees of Soccer

In Florentino Perez’s first Galacticos era, Real Madrid bought a big-name player every year. Now in his second coming at the Bernabeu, the construction billionaire is building a new team with a new megastar every day.

With Kaka and Cristiano Ronaldo signed and David Villa perhaps on his way, the Spanish club is reckoned to have a summer transfer kitty of £250million.

But the question being asked is how Real are able to defy the credit crunch.

“I do not know where the £300m (£255m) that Perez thinks he has for signings comes from,” said Barcelona’s financial director Xavier Sala-i-Martin yesterday.

“He says he will recoup it by selling replica shirts and so he will have to sell 30 million of them. That is impossible.

“How can it be that a football club has so much money to spend, bearing in mind the current economic situation in the country and the politics of credit restriction in place in all banks?”

The suspicions about Real, which is privately owned by members so it does not have to adhere to stock market regulations, date from the club being regarded as “the establishment team” from the days of fascist dictator General Franco. And favourable treatment from government and banks was shown in 2001 when Perez got the club’s old training ground “rezoned” out of the green belt and sold it to the city council for £200m.

Four skyscrapers were built on the site. That money cleared their debts and paved the way for the purchase of Zinedine Zidane, the Brazilian Ronaldo and David Beckham. As a result, Real enjoyed great commercial success all over the world.

Perez, 62, stepped down as Real’s president in 2006 but was re-elected unopposed earlier this month following the club’s dismal showing last season.

Now the policy of speculating to accumulate has started again - and the arrival of Ronaldo could boost revenue by £50m a year.

“Ronaldo can be viewed in the same bracket as Beckham when it comes to global commercial impact,” said Professor Simon Chadwick of Coventry University.

“Even if Real signed one or two of the other stars, there would be a real focus on Ronaldo’s and Kaka talents on the pitch, but also their brand off it. That will pay for their transfers several times over, even with a bumper salary package.”

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2 Responses to “With Ronaldo, Kaka Real Madrid Becomes NY Yankees of Soccer”

  1. I still watch Real madrid despite the recent difficulties They are the most skillful football team in the world

  2. Leo Messi is awesome, but Ronaldo is alot better :)

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