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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 [...] 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, [...] 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 [...] 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. [...] 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 [...] [blackbirdpie url="https://twitter.com/#!/jimcramer/status/160767994451083264"] Jim Cramer says the loophole that permits hedge fund and private equity managers to pay 15% capital gains tax while the of us pay higher “regular” rates is grossly unfair. Such a slimy loophole clearly shows the corruption in Congress and how they are in thrall to Wall Street 1% bankster parasites. Business [...] 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 [...] US bankers planning to sue or walk if bonuses are too low. Cathedrals of Wall Street, 1939. Florine Stettheimer, American (Metropolitan Museum) My first post here at Polizeros was about that Manhattan federal court judge who rejected a proposed settlement between the S.E.C. and Citigroup last November. The S.E.C. has just announced that it is changing its policy on some settlements. The Securities and Exchange Commission [...] Bloomberg asks rhetorically. Did Psychopaths Take Over Wall Street Asylum? Psychopaths caused the financial crisis … And they will do it again and again unless they are removed from power The Independent quotes a UK investment banker: “At one major investment bank for which I worked, we used psychometric testing to recruit social psychopaths [...] |  | ||||
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