Jesse's Café Américain Wed 2010-02-03 20:13 EST

Italy Seizes Bank of America Assets In Derivatives Fraud Probe

Jesse

"more than 519 municipalities that face 990 million euros in derivatives losses"...Globalization is used as a rationale for stripping nations of their sovereign rights, and the people from their ability to rule and protect themselves in accord with their own beliefs and preferences...The US is a relative safe haven for multinational corporations that engage in various forms of fraud and market manipulation around the world, like modern day privateers. It appears unable to regulate them because of widespread political corruption and the self interest of its monied elite.

America assets; Derivatives Fraud Probe; Italy Seizes Bank; Jesse's Café Américain.

Blog entry Sat 2009-09-19 13:28 EDT

The Angelides Commission: Tell America What Happened

Robert L. Borosage

Today the new Financial Crisis Inquiry Commission, modeled after the New Deal-era Pecora Commission, begins its investigation into possible misconduct by the financial sector causing last year's market meltdown...We are pleased that the Financial Crisis Commission is coming together, under the leadership of chair Phil Angelides...the Commission should aspire to be the modern day version of the Senate Banking Hearings in the 1930s that came to be named after the chief counsel, Ferdinand Pecora...The Angelides Commission -- if it fearlessly lays out the facts, exposes the excesses, the deformed incentives, the frauds and crimes, that are at the root of the current crisis has the potential of playing a similar role to that of Pecora.

Angelides Commission; blog entry; happened; tell America.

Wed 2008-08-06 00:00 EDT

Winter (Economic & Market) Watch >> A Modern Day Alexander Hamilton

Winter (Economic & Market) Watch >> A Modern Day Alexander Hamilton; "moving to the end game, where massive American assets...marked down and sold to new foreign masters"

economic; Market; Modern Day Alexander Hamilton; watch; winter.

Fri 2007-12-21 00:00 EST

Mike Whitney: Staring Into the Abyss

The Coming Collapse of the Modern Day Banking System

abyss; MIKE WHITNEY; staring.