Moral Outrage
Whew! God help us!

Posts Tagged ‘financial

Wealth and the ideology of self interest

August 14, 2011

Psychologist and social scientist Dacher Keltner says the life experience of the rich makes them less empathetic, less altruistic, and generally more selfish. In fact, he says, the philosophical battle over economics, taxes, debt ceilings and defaults that are now roiling the stock market is partly rooted in an upper class “ideology of self-interest.” Keltner […]

Global financial warnings from the central bankers’ bank BIS

June 30, 2011

The global financial system is deepening and extending. This is the conclusion to emerge from the recently released annual report of the Bank for International Settlements (BIS), sometimes referred to as the central bankers’ bank. One of the biggest dangers comes from the massive assistance provided by central banks to the banks and financial institutions […]

Record Number of Americans Targeted by National Security Letters

May 8, 2011

The latest report to Congress on the Justice Department’s use of foreign intelligence surveillance powers has just been released, and it shows a truly stunning increase in the number of Americans whose sensitive phone, Internet, and banking records were obtained by the FBI — without judicial oversight — pursuant to National Security Letters. In 2009, […]

Financial terrorism suspected in 2008 economic crash

March 2, 2011

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system. The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of […]

QE quantitative easing same old government fraud

November 16, 2010

One day, the king of ancient Babylon summoned his treasury overseer and exclaimed, “I need more money to wage war on those Hittite terrorists! I looked in the great treasure chest and it’s nearly empty. There are hardly any gold coins left,” he thundered. “Oh Light of the Euphrates,” groveled his terrified minister, “we are […]

Fulfilling Osama Bin Laden’s 9/11 Goals

September 11, 2010

The attacks of Sept. 11, 2001, succeeded far beyond anything Osama bin Laden could possibly have envisioned. This is not just because they resulted in nearly 3,000 deaths, nor only because they struck at the heart of American financial and military power. Those outcomes were only the bait; it would remain for the United States […]

Banks too big to fail also too big to jail

September 4, 2010

Barclays recently coughed up $298 million for violating a US trade law. A judge is still deliberating on a settlement that may cost Citi $70 – 100 million for misleading investors about $40 billion in sleazy subprime holdings. Wells Fargo settled for $200 million after being caught gouging their own customers. This follows a $550 million […]

Economic insecurity at 25 year high

July 22, 2010

Insecure about your finances? You’re not alone. Economic insecurity in the U.S. is at its highest point in 25 years, according to a new report. Almost one in five Americans are estimated to be insecure in 2010, compared with less than one in eight in 1985, according to the report from the New York-based philanthropy […]

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 […]

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 […]