INSIDE JOB Official Trailer in HD!
From Academy Award® nominated filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with [...]
Michel Chossudovsky on the Banker Bailouts
GlobalResearch.ca
AIG Posts $1.82 Billion Profit, First Since 2007
Hush Son and Andrew Frye | Bloomberg.com American International Group Inc., the insurer rescued by the U.S. government, reported its first profit in seven quarters on narrowing investment losses and a rebound in the value of some derivatives. The stock gained 20 percent in New York trading. Second-quarter net income of $1.82 billion, or $2.30 [...]
Government by Goldman Sachs
Rolling Stone: The Great American Bubble Machine 1 of 5
Bernanke: “I Don’t Know” Which Foreign Banks Were Given Half a Trillion
Paul Joseph Watson | PrisonPlanet.com Federal Reserve chairman Ben Bernanke was confronted yesterday by Congressman Alan Grayson about which foreign banks were the recipients of Federal Reserve credit swaps, but he was unable to provide an answer as to where over half a trillion dollars had gone. Asked which European financial institutions received the money, [...]
$24 Trillion — Nothing to see here
Jbearlaw | DailyKos.com $24 Trillion. That’s the estimated amount of loan guarantees, TARP and TILF money handed out, along with the other programs designed to bailout the financial industry. That’s according to the Inspector General, Neil Barofsky. But it’s nothing to worry about, according to the AP. Jbearlaw’s diary :: :: The government’s maximum [...]
Government Sachs’ Strikes Gold … Again
Robert Scheer | TruthDig.com Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in the nation’s history and appeared to be headed toward doubling that figure before the budget year is out. Since most of the increase in the federal [...]
Bill To Audit Federal Reserve Now Has 207 Co-Sponsors
Steve Watson | InfoWars.com At time of writing, a bill that would see the Federal Reserve bank audited for the first time in 59 years has 207 cosponsers in the House and is gaining traction with every single day. This means just 11 more are needed for a majority to be reached in the House. [...]
The Big Takeover
Matt Taibbi | RollingStone.com It’s over — we’re officially, royally fucked. no empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced [...]
Fed Refuses to Release Bank Data, Insists on Secrecy (Correct)
Mark Pittman and Craig Torres | Bloomberg.com The Federal Reserve Board of Governors receives daily reports on bailout loans to financial institutions and won’t make the information public, the central bank said in a reply to a Bloomberg News lawsuit. The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging [...]
Brzezinski: ‘Hell, There Could Be Even Riots’
Zbig props J.P. as someone who had the solution in 1907, yet does not mention that he actually helped create the problem… Mark Finkelstein | Finkelblog.comVideo Here. Brzezinski fears class warfare. Not Mika. Zbigniew. And not Barney-Frank-on-Meet-the-Press class warfare. Real, blood-in-the-streets riots. Jimmy Carter’s former National Security Adviser expressed his concern about the possibility of riots [...]
Engines of Recovery Flame Out as Economy Seeks Obama-Fed Rescue
Rich Miller | Bloomberg.com The engines that have lifted the U.S. economy out of every recession since World War II will be of little help this time around. Inventory rebuilding, household spending, home construction and payroll growth — the forces that powered, to a greater or lesser extent, each recovery since 1945 — may remain missing for [...]
Oxford University historian traces first credit crunch back to Roman republic
Mark Brown | Guardian.co.uk Politicians searching for historical precedents for the current financial turmoil should start looking a bit further back after an Oxford University historian discovered what he believes is the world’s first credit crunch in 88BC. The good news is that Philip Kay knows how the Romans got themselves into financial bother. The [...]
Big Bailouts, Bigger Bucks
ritholtz.com Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a problem while doing the research for the Bailout Nation book. I needed some way to put this into proper historical perspective. If we add in the Citi bailout, the total [...]
Author of Rich Dad, Poor Dad, NY Times #1 Best Seller Speaks Truth about Financial Situation
Robert Kiyosaki | YahooFinance.com How did we get into the current financial mess? Great question. Turmoil in the Making In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It’s estimated that those seven men represented one-sixth of the world’s wealth. Six were Americans representing J.P. Morgan, John D. [...]
Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization”
William Engdahl | GlobalResearch.ca On Friday November 21, the world came within a hair’s breadth of the most colossal financial collapse in history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was America’s largest, Citigroup. The size of the US Government [...]
Paulson Was Behind Bailout Martial Law Threat
Paul Joseph Watson | PrisonPlanet.com As we reported at the time, on October 2, Democratic Congressman Brad Sherman gave a stunning speech on the House floor during which he decried the fact that, “Many of us were told in private conversations that if we voted against this bill on Monday that the sky would fall, the [...]
