Moral Outrage
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Posts Tagged ‘banking

Citigroup Replaces JPMorgan as White House Chief of Staff

January 25, 2012

We’ve already made our choice for the best headline of the year, so far: “Citigroup Replaces JPMorgan as White House Chief of Staff.” There’s simply too much truth in that headline; it says a lot about how Wall Street and Washington have colluded to create the winner-take-all economy that rewards the very few at the […]

FinCEN and the unpaid spies of the US financial system

January 11, 2012

There’s a little known division of the Treasury Department called the Financial Crimes Enforcement Network (FinCEN) whose mission is to “to enhance U.S. national security, deter and detect criminal activity, and safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems.” FinCEN is basically the CIA of the financial system. […]

The beginning of a fullblown banking crisis

August 11, 2011

Let’s say Joe Blow bought a house in 2005 for $400,000 believing the hype that “Housing prices can only go up”. But by 2008, Mr Blow is underwater because housing prices have dipped and his house is only worth $300,000. Even worse, he has to put his house on the market fast because he just […]

Social and civil unrest coming to the US?

July 31, 2011

Unfortunately, the American economy has two predators. Number one is the banking sector; they are a third to 50 percent of the economy, depending on how you calculate. They do nothing to add anything to the economy, they are leeching money from the economy. Then you have the Pentagon which is fighting yesterday’s war, funding […]

The undeclared creeping US bankruptcy

January 5, 2011

In essence the US is bankrupt, but how will it go about filing for bankruptcy? There are 2 ways – one is to default on its debts. This would create a massive convulsion and crash the markets, leading to an almost instant depression. This is not so attractive to politicians or the elites as it […]

The Global Banking Cartel and World War III

October 13, 2010

What we have been experiencing is not the result of an unforeseen economic crash that appeared out of the blue with the collapse of the housing market. To even blame it on greedy bankers, while essentially accurate, also misses the most vital point. This crisis is the direct result of a strategic economic attack on […]

Washington destroys privacy at home and abroad

March 28, 2010

Paul Craig Roberts has a hard-hitting article in Creators Syndicate, the following an excerpt: In the Swiss newspaper Zeit-Fragen, Professor Dr. Eberhard Hamer from Germany asks, “How sovereign is Europe?” He examines the issue and concludes that Europe has little, if any, sovereignty. Professor Hamer writes that the sovereign rights of Europeans as citizens of […]

Secret Banking Cabal Emerges: Bloomberg

January 30, 2010

The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists.  After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all. Wednesday’s hearing described a secretive group deploying billions of dollars to favored […]

Excessive Compensation for Bailout Barons

September 6, 2009

One year after the global banking system collapse, the IPS Annual Executive Excess report — “America’s Bailout Barons” — shows that the perverse system of executive compensation which contributed to the financial meltdown is still thriving for top bailout recipients. Last April, President Obama spoke out against excessive executive compensation, saying, “In order to restore […]