Category Banksters

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said drug money laundered by banks kept financial system going during the peak of the 2008 financial crisis. $352 billion of drug money, to be precise . (I’ve…

On Friday, California, the nation’s number-one state for foreclosures, has pulled out of 50-state negotiations to reach a settlement over robosigning and other foreclosure related issues. AG Kamala Harris said in the letter “It became clear to me that California…

“The Fed has made good on most of its investments over the years, but increasing its exposure and that of the U.S. government to foreign banks is a moral-hazard problem,” said Edward Royce of California, the third most-senior Republican on…

YouTube Trader Alessio Rastani explains how Goldman Sachs rule the world, not the governments. He explains how the Eurozone crash will wipe out the savings of millions. He states Goldman Sachs rule the world, not our governments – something…

It’s getting grim out there. PIMCO CEO Mohamed El-Erian says many institutions have “sharply reduced short-term lending to French banks” and we could be seeing “an institutional run on French banks.” Further, there are two connected problems, sovereign debt and…