Washington’s Blog January 7, 2014 Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes. So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution. While this may sound like a lot of money, it is spare sofa change for a big bank…
Mia Shanley and Ilze Filks Reuters December 8, 2013 Dr. Fama is with the University of Chicago Booth School of Business. One of the three Americans who won this year’s Nobel prize for economics said bloated public deficits on both sides of the Atlantic meant that recession remained a real risk for 2014. Eugene Fama,…
Paul Craig Roberts Infowars.com December 1, 2013 Former Treasury Secretary Timothy Geithner, a protege of Treasury Secretaries Rubin and Summers, has received his reward for continuing the Rubin-Summers-Paulson policy of supporting the “banks too big to fail” at the expense of the economy and American people. For his service to the handful of gigantic banks,…
Kurt Nimmo Infowars.com November 26, 2013 Pope Francis released his first encyclical on Tuesday. In addition to restating opposition by the Catholic Church to abortion, the new Pope criticized free market capitalism and advocated wealth redistribution. He said “some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market,…
Zero Hedge November 25, 2013 The Fed’s Catch 22 just got catchier. While most attention in the recently released FOMC minutes fell on the return of the taper as a possibility even as soon as December (making the November payrolls report the most important ever, ever, until the next one at least), a less discussed issue was…
Zero Hedge November 25, 2013 The Fed’s Catch 22 just got catchier. While most attention in the recently released FOMC minutes fell on the return of the taper as a possibility even as soon as December (making the November payrolls report the most important ever, ever, until the next one at least), a less discussed issue was…
Sam Muhho Global Research November 18, 2013 Vincent Harlow once wisely observed, “Men’s minds indeed conceive new thoughts and plan new projects, but out of ancient thinking and under potent influence of long-established characteristics.” This has been reflected in reality for both the positive but also for the negative. A critical modern-day “negative” that is…
BBC November 19, 2013 US bank JP Morgan has agreed to a record $13bn (£8bn) settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation. The bank acknowledged it made “serious misrepresentations to the public”, but said it did not violate…
Money control.com / FT.com 18 Nov 2013 Raghuram Rajan urges `dramatic remaking` of India`s banking system India’s central bank governor Raghuram Rajan is planning a “dramatic remaking” of banking in Asia’s third-largest economy, with an expanded role for foreign groups, more licences for domestic private sector institutions and a push to shake-up state-backed banks in…
NZ Herald 14 Nov 2013 Nicky Hager Secret details of the United States-Pacific trade agreement have been leaked showing New Zealand in serious dispute with US negotiators on many issues. These include internet freedom, access to affordable medicines, protection of New Zealand industrial innovation and ownership of native plants and animals. After 3 years of…