Mark Pittman, Reporter Who Foresaw Subprime Crisis, Dies at 52
Bob Ivry | Bloomberg.com Nov. 28 (Bloomberg) – Mark Pittman, the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52. Pittman suffered from heart-related illnesses. The precise cause of his death wasn’t known, [...]
Pelosi Won’t Give Public a Week to Review Text of Health-Care Bill Before House Votes on It
House Speaker Nancy Pelosi (D.-Calif.) will not give the public a week to review the final text of a health-care reform bill before it is voted on later this year. Senate Majority Leader Harry Reid (D.-Nev.) has also declined to commit to giving the public a week to read and consider the final health-care bill. [...]
Audit ‘Ben Bernanke’ Bill, H.R. 1207, Now Has 222 Co-Sponsors
Free Society | DailyKos.com The Central Bank Monopoly might finally be audited sometime in the future for the first time in over 95 years (since the inception of the Federal Reserve system). House Resolution H.R. 1207, the Bill to Audit the books of The Federal Reserve Oligarchs, now has 222 Congressmen/Congresswomen signed on as official [...]
WaMu’s bad loans may be worth $29B for JPMorgan
Ari Levi | Elizabeth Hester | Bloomberg | Seattle Times JPMorgan Chase stands to reap a $29 billion windfall, thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual into income. Wells Fargo, Bank of America and PNC Financial Services Group are also poised to benefit from [...]
Fed Inspector General Claims She Does Not Know Where Trillions Went
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.
Inescapable Realities
traderview.com $14 million, million, or stated another way $14 trillion. The annual GDP of the US is approximately $14 trillion or $46,666 for every man, woman and child in the US – either way you view it, this is the INCONCEIVABLE amount that has been spent, printed or guaranteed since January 2007 in the US; [...]
Gary Franchi Exposes Federal Reserve on PBS
http://RestoreTheRepublic.com PBS station, KBDI, in Denver Colorado broadcast the groundbreaking expose, America: Freedom To Fascism to raise funds for the station. They invited Gary Franchi to come and talk about the points of the film during breaks. To support KBDI please consider making a pledge so they can continue broadcasting the message to truth to [...]
The Real Significance of The Fed’s Zero-Interest-Rate Policy
Matthias Chang | GlobalResearch.ca INTRODUCTION The disinformation by the global financial dailies in the last twelve months as to the cause of the global financial tsunami, serve the same purpose as the global mass media when they perpetuated the lies that lulled the people to support the war criminals Bush, Blair and Howard to launch [...]
Ron Paul: Stimulus Packages Will Turn Recession Into A Depression
Steve Watson | PrisonPlanet.net Texas Congressman Ron Paul has warned that passing the latest proposed economic stimulus package would be akin to pouring kerosene on an already raging fire. Paul, who is also a member of the House Financial Services Committee, warned that such measures will cause a recession to turn into a full scale [...]
Geithner was “involved in just about every flawed bailout” of the Bush era
Andrew Ross Sorkin | DealBookBlog.NYTimes Timothy F. Geithner, President Obama’s nominee to be Treasury secretary, is testifying before the Senate Finance Committee at his confirmation hearing on Wednesday. As president of the New York Federal Reserve since 2003, Mr. Geithner has been a central player in building the vast bailout plans that the government has extended [...]
Fed Refuses to Disclose Recipients of $2 Trillion
Mark Pittman | Bloomberg.com The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms [...]
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. [...]
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 [...]
Ron Paul Confronts Bernanke On Global Currency Plans
Paul Joseph Watson | PrisonPlanet.com Congressman Ron Paul confronted Federal Reserve chairman Ben Bernanke this morning about plans to replace the dollar with a new global currency during the House Financial Services Committee meeting on Capitol Hill. “Already we see talk….about a new international world reserve currency and to me that’s pretty important because the [...]
