Governments collude and sanction white collar criminality: HSBC ‘sorry’ for aiding Mexican drugs lords, rogue states and terrorists

HSBC money-laundering scandal almost puts Barclays in shade — Being accused by Senate of operating money-laundering conduit for ‘drug kingpins and rogue nations’ is as bad as it gets: The Guardian   HSBC ‘sorry’ for aiding Mexican drugs lords, rogue states and terrorists Executive quits in front of US Senate as bank faces massive fines for ‘horrific’ […]

Regulators Sleep With Industry Prostitutes … While They Pimp Out the American People

  Regulators Sleep With Industry Prostitutes … While They Pimp Out the American People By WashingtonsBlog, July 16, 2012 Source: Washington’s Blog Regulators and Industry “Hook-Up” There are some real connections between Wall Street and prostitution. See this, this and this. Instead of using taxpayer-generated bailout money to help the economy, some banking executives used it for prostitutes and other gratifications. The “regulators” […]

The Weaponization of Economic Theory

  The Weaponization of Economic Theory By Michael Hudson, 07/13/12 Source: Michael Hudson (bolding mine) Europe’s three needs: a debt write-down, a real central bank, and a more efficient tax system  Brussels Talk, Madariaga College, Governing Globalisation in a World Economy in Transition, June 27, 2012 What can Europe learn from the United States? First, the United […]

Banksters Take Us to the Brink

  Banksters Take Us to the Brink by Bill Moyers and Michael Winship Moyers & Company. 07/12/12 Source: BillMoyers.com   Every day brings more reminders of the terrible unfairness that besets our country, the tragic reversal of fortune experienced by millions who once had good lives and steady jobs, now gone. An article in the current issue of Rolling Stone chronicles […]

U.S. Gave Tens of Billions to Libor-Manipulating Banks … Even AFTER Learning about the Manipulation

    U.S. Gave Tens of Billions to Libor-Manipulating Banks … Even AFTER Learning about the Manipulation By Washington’s Blog, 11/07/12   Federal Reserve REWARDS Fraud By Throwing Money At Criminal Manipulators You know that Libor is the largest economic scam in world history and the largest insider trading scandal ever. You know that the Federal Reserve knew about the manipulation by […]

Roubini On 2013’s “Global Perfect Storm” And Greedy Bankers “Hanging In The Streets”

  Roubini On 2013’s “Global Perfect Storm” And Greedy Bankers “Hanging In The Streets” Source: ZeroHedge In an extended interview with Bloomberg TV, Nouriel Roubini lives up to his doom-saying reputation and goes where few have as he opines on Lieborgate that: “bankers are greedy and have been for 1000 years” and “nothing is going to change” unless there […]

The Many Ways Banks Commit Criminal Fraud

  The Many Ways Banks Commit Criminal Fraud By WashingtonsBlog, o7/04/2012 Source: Washington’s Blog Libor Manipulation Is Only One of MANY Types of Fraud Committed by the Big Banks The Libor scandal seems to be waking people up to manipulation and fraud by the big banks. There are many other types of fraud they’ve engaged in as well … Here is a […]

“Decriminalized” Western Banks ‘Reaping Billions from Colombian Cocaine Trade’

  Western banks ‘reaping billions from Colombian cocaine trade’ While cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the profits, a study claims By: Ed Vulliamy, 07/02/2012 Source: The Observer     The vast profits made from drug production and trafficking are overwhelmingly reaped […]

Robert Mundell, Evil Genius of The Euro

John Maynard Keynes in 1944 at the UN International Monetary Conference in Bretton Woods, New Hampshire. Robert Mundell's work on the collapse of Bretton Woods paved the way for European Monetary Union. Photograph: Hulton Archive

  Robert Mundell, evil genius of the euro For the architect of the euro, taking macroeconomics away from elected politicians and forcing deregulation were part of the plan Greg Palast, 06/26/2012 Source: guardian.co.uk     The idea that the euro has “failed” is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers […]

Doom Loop: Bank Bailouts Reveal True Roots of Crisis

  EU[might as well apply to Washington] doom loop: bank bailouts reveal true roots of crisis By Jerome Roos, o6/26/12 Source: ROAR   Not excessive government spending but excessive bank lending lies at the root of the eurozone crisis. Here’s why the bankers, not the people, should pay. We’ve been listening to the same tired old story for […]

The 1%’s President, Obama, Pleads With Germany To Save Europe’s Banksters

  German finance minister publicly rebuffs US president By Stefan Steinberg, 06/26/12 Source: WSWS Last weekend the German finance minister, Wolfgang Schäuble, delivered a clear rebuff to US president Barack Obama, who has repeatedly called in recent weeks for Germany to step up its financial commitment to save the euro and bail out Europe’s ailing banks. […]