In the aftermath of the exposure of the Federal Reserve collaborating with Goldman Sachs to prevent the bank from being accountable for breaking the law, Fed officials warned Wall Street that if banks did not cut back on reckless and criminal behavior they might finally face penalties including being broken up. The warnings were issued by Federal Reserve Governor Daniel Tarullo and Federal Reserve Bank of New York President William Dudley in speeches behind closed doors. The prepared remarks were published and appear to indicate an attempt to change the corrupt culture at the Federal Reserve.
|By: DSWright Tuesday October 21, 2014 11:20 am|
|By: CTuttle Friday October 17, 2014 6:40 pm|
Putin, Erdogan, Saudi Arabia: The Balance Of Power Is Shifting
|By: DSWright Friday October 17, 2014 1:31 pm|
At the very least it is time for Americans to stop idealizing Silicon Valley as made up of dreamers and rebels and understand that the technology sector is pursuing its economic interests – which are considerable – in much the same way other major industries are. Given that reality, the same kind of skepticism should be applied to their motives and regulations applied to their activities as other parts of the corporate sector.
|By: DSWright Tuesday October 7, 2014 11:30 am|
Though Goldman Sachs has already admitted in court documents that it bribed officials working for Libya’s sovereign wealth fund, the claim brought by Libya concerning fraud remains contested. Libya’s sovereign wealth fund known as the Libyan Investment Authority (LIA) has accused Goldman Sachs of putting the fund in over $1 billion worth of high risk losing trades so Goldman could pocket $350 million in fees.
|By: DSWright Monday September 22, 2014 7:10 am|
In court documents Too Big To Fail bank Goldman Sachs has admitted to paying bribes to the government of Muammar Gaddafi in order to gain access to Libya’s sovereign wealth fund. The information came to light from a lawsuit filed in London against Goldman Sachs by the Libyan Investment Authority (LIA).
|By: DSWright Tuesday April 29, 2014 2:57 pm|
For those unaware of the new US “grand strategy” it involves not just overthrowing governments in Ukraine to expand power into Eurasia but also trying to encircle East Asia’s newest power, China. Called throughout Washington policy circles as the “Pivot to Asia” the plan to encircle China involves both moving greater military forces into the region as well as an anti-democratic “trade deal” known as the Trans-Pacific Partnership Agreement (TPP).
|By: DSWright Wednesday April 9, 2014 6:52 am|
A longtime trial attorney for the SEC had some brutal parting shots for the agency. Given as remarks at a goodbye party the attorney, James Kidney, condemned the SEC for letting the larger Wall Street firms get away with crimes. Essentially claiming that the SEC never went after the powerful.
|By: Nomi Prins Sunday March 23, 2014 1:58 pm|
This book is an eye-opener, a wake-up call for those in Washington to get their heads out of Wall Street’s asses, a state unthinkable for most politicians. But, it’s also a wake-up call to us, to be ever more vigilant with every one of our financial dealings, because the worst is yet to come.
|By: DSWright Wednesday March 5, 2014 3:18 pm|
The University of Chicago has always been notorious for lacking integrity – intellectual and otherwise. Founded by oil monopolist and banker John D. Rockefeller, the University of Chicago has been the hell-mouth for Neoliberal quackery for generations perhaps most notoriously as patient zero for Professor Eugene Fama’s virulent “efficient market hypothesis” – a theory that helped justify the reckless deregulation that crashed financial markets in 2008.
Now U of C is getting another free market apologist, this one with real credentials – Fabrice “the Fabulous Fab” Tourre.
|By: DSWright Wednesday January 29, 2014 2:30 pm|
Todd may once again be causing headaches for his brother governor as it has been revealed that Todd profited from the sale of homes near a major Port Authority project.