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 By Prieur du Plessis, on May 26th, 2011 posted in: Economy, Wall Street  2 people had their say - chime in!
Former banking regulator William Black speaks about rackets and fraud in the financial sector. He says Wall Street’s fraudulent CEOs looted with impunity, were left in power, and were granted their fondest wish when Congress, at the behest of the Chamber of Commerce, Fed Chairman Bernanke, and the bankers’ trade associations, successfully extorted the professional Financial Accounting Standards Board (FASB) to turn the accounting rules into a farce. Source: YouTube, May 23, 2011 (hat tip: Global Investor Blog). More on this topic (What's this?) The Fed Says They’ll Finish the “Quantitative Easing” Round (Learn Mining News, 4/28/11) A Blinking Idiot & The Banking System (Money Morning, 6/28/11) ASCO 2011 Abstracts Tonight (Wealth Daily, 5/18/11) By Prieur du Plessis, on May 23rd, 2011 posted in: Germany, Wall Street 2 people had their say - chime in!
Rolling Stone’s Matt Taibbi joins Thom Hartmann on The People vs. Goldman Sachs. A Senate committee has laid out the evidence. Now, Taibbi argues, the Justice Department should bring criminal charges. Source: YouTube, May 13, 2011.
“Nobody goes to jail,” writes Matt Taibbi in the new issue of Rolling Stone magazine. “This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world’s wealth.” In an interview with Democracy Now!, Taibbi explains how the American people have been defrauded by Wall Street investors and how the financial crisis is connected to the situations in states such as Wisconsin and Ohio. Source: DemocracyNow.org (via YouTube), February 22, 2011(hat tip: Financial Doom Blog). More on this topic (What's this?) Mobile Wallet Technology Will Make You Rich (Money Morning, 5/10/12) Does Twelve-Year-Old Canadian Victoria Grant Understand More About the Most Important Truth in Li... (the Underground Investor, 5/16/12) Hits to the Head in Sports (My Wealth Builder, 3/29/12)  By Prieur du Plessis, on February 21st, 2011 posted in: Economy, Investment, Wall Street 2 people had their say - chime in!
Matt Taibbi discusses his book “Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America“, the stunning rise, fall and rescue of Wall Street in the bubble-and-bailout era and the inner workings of politics and finance in America. Source: YouTube.com, February 11, 2011 (hat tip: Financial Doom Blog) More on this topic (What's this?) Interoute’s Revenue Surged in 2011 (Telecom Ramblings, 4/23/12) Before Making That 2011 IRA Contribution, Make Sure Your Pension Plan Assets are Safe (Money Morning, 3/30/12) 11 Irrefutable Signs of a Real Estate Recovery (Wall Street Daily, 4/9/12)
Elizabeth Warren, the White House advisor in charge of setting up a consumer financial protection bureau, discusses big bank profits and Wall Street bonuses with Bloomberg. Source: YouTube, December 15, 2010 (hat tip: Financial Doom Blog)
FDIC Chairman Sheila Bair talks to WSJ economics editor David Wessel about the financial-regulatory legislation pending in Congress, the current health of the banking business and what it’s like to be the sole woman among a band of powerful men. Source: MarketWatch, June 25, 2010. |
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