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- Book review of “Siege: Trump Under fire”
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- The evolution of the Republican party from 1960 to 2024: from moderate democracy to extreme authoritarianism
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- Book review of “Democracy in Chains”, the history of how extremist Republicans stealthily stole our Democracy
Category Archives: Corruption & Finance
Bonuses and salaries way too high at Banks, Wall Street, Corporations
The “Paid-What-You’re-Worth” Myth March 13, 2014. Robert Reich. New York Times and robertreich.org It’s often assumed that people are paid what they’re worth. According to this logic, minimum wage workers aren’t worth more than the $7.25 an hour they now … Continue reading
Posted in Corporate Welfare
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FDIC Sues 16 Banks for Fraud by Manipulating Global Interest Rate
FDIC sues 16 Banks for rigging the Libor Rate March 2014. New York Times. The Federal Deposit Insurance Corporation (FDIC) sued 16 banks for fraud because they conspired to set a crucial global interest rate low to enrich themselves. … Continue reading
Posted in Banking
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Rot in the Banking culture
Questions are asked of Rot in Banking Culture Peter Eavis. March 13, 2014. New York Times. Money laundering, market rigging, tax dodging, selling faulty financial products, trampling homeowner rights and rampant risk-taking — these are some of the sins that … Continue reading
Posted in Banking
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Cost of the bailout of the Banksters and Wall Street
Jim Bianco of Bianco Research crunched the inflation adjusted numbers. The bailout has cost more than all of these big budget government expenditures –- combined: • Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion • Louisiana Purchase : … Continue reading
Posted in Corporate Welfare
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SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam
http://www.investmentnews.com/article/20140313/FREE/140319954 SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam Mar 13, 2014 Darla Mercado The Securities and Exchange Commission Thursday filed charges against a group of brokers in a scheme wherein wealthy investors used variable … Continue reading
Posted in Scams
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The congressional report on “The Financial Crisis” and what happened
The Financial Crisis Inquiry Report. Final Report of the national Commission on the Causes of the Financial and Economic Crisis in the United States 2011. Phil Angelides Chairman, Brooksley Born Commissioner, Senator Bob Graham Commissioner, etc. This is the best … Continue reading
Posted in Debt, Economic Instability, No Reforms
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Bernie Madoff
The Day the Earth Went Broke. 2008. Byron King whiskeyandgunpowder.com What if you woke up one day and there was a flying saucer sitting in the middle of Central Park? It would change your view of the world, if not … Continue reading
Posted in Ponzi Schemes
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New York Times : 401K, mutual fund, brokerage fees have cost you tens of thousands of dollars
Give Fees an Inch, and They’ll Take a Mile March 1, 2014. Jeff Sommer. New York Times. [I’ve shortened and paraphrased much of the article, go to the link above to see the full article. My comments are in brackets] … Continue reading
Posted in Investment Fees
Tagged 401k, 401k fees, investment fees, mutual fund expenses, wall street corruption
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New York Times: Global Bond Frenzy Raises Concerns
Global Bond Frenzy Raises Concerns Feb 19, 2014. Landon Thomas. New York Times Global bond investors have financed some of the most enormous projects ever taken on by emerging economies the past few years. Now growth is faltering in many … Continue reading
Posted in Bond Market
Tagged bonds, crash, meltdown
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