Anti-corruption blog hires Jack Abramoff

Republic Report has hired convicted felon and former corruptor Jack Abramoff to be part of their team, which includes Matt Stoller.

It just launched and the content is already excellent. I’m definitely keeping an eye on Republic Report.

Schneiderman files suit against big banks over foreclosures

Allegory of Avarice or Fraud, 16th Century. Dirk Vollertsz Coornhert, Dutch (Metropolitan Museum)

Eric Schneiderman, NY Attorney General and  recently named co-chairman of a new state and federal mortgage crisis unit, has filed suit against Bank of America, JP Morgan Chase and Wells Fargo, accusing them of fraud and deceit in their handling of foreclosures [...]

Obama record of prosecuting financial fraud worse than Bush

William Black continues his detailed examination of the ongoing financial fraud and criminality in the big banks, which is ignored by the Obama Administration, whose record of prosecutions is now worse than Bush’s.

Neither administration has prosecuted any elite CEO for the epidemic of mortgage fraud that drove the ongoing crisis. This contrasts with over [...]

Rajat Gupta new indictment. More proof the 1% is corrupt

Former Goldman Sachs board member Rajat Gupta has been charged in a new indictment for passing on insider information to Raj Rajaratnam, who is now in prison for eleven years for insider trading. At one point, Gupta left a Goldman board meeting to call Rajaratnam with privileged information about Goldman stock.

On Sept. 23, [...]

Sky Dancing almost drinks the Schneiderman Kool-Aid

Falling Out of Love with Eric Schneiderman

Will Eric Schneiderman be sucked into the Washington Borg, be used for window dressing by the Administration or remain staunchly on the side of ordinary Americans, who have been abused and sucker-punched enough.

Though I’m generally an optimist, I have to admit—it does not look good.

The investigations [...]

Class war coming to the US says George Soros

Billionaire speculator George Soros survived Nazism and Communism and says our current “situation is about as serious and difficult as I’ve experienced in my career.”

“At times like these, survival is the most important thing,” he says… He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. [...]

Real journalism. Irish reporter rips ECB evasions

This is what real Journalism looks like. Those of you in America might not recognize it:

In this video from a European Central Bank press-conference in Ireland, journalist Vincent Browne demands that the ECB representative explain why the ECB required the Irish people to bail out a bank’s uninsured creditors. The bureaucrat mouths bland [...]

Hedge fund managers only pay 15% capital gains

#bbpBox_160767994451083264 a { text-decoration:none; color:#0084B4; }#bbpBox_160767994451083264 a:hover { text-decoration:underline; }”Can you believe i get away with only paying 15% . What a scam but we own Congress.” There, that’s what i hear. Is that a good thing?January 21, 2012 9:57 am via TweetDeckReplyRetweetFavorite@jimcramerJim Cramer

Jim Cramer says the loophole that permits hedge fund and private [...]

Assessing the potential economic impact of a Euro collapse

blogs.telegraph.co.uk

The Eurozone will eventually collapse, with at least one member nation leaving this year, says the Centre for Economics and Business Research (CEBR), a noted British think tank. It sees a probability of 99% for a complete breakup within ten years. It could easily happen much faster. If one country leaves, it would [...]

Infant temper tantrum alert

US bankers planning to sue or walk if bonuses are too low.