Mon 2009-10-26 09:13 EDT
Wall Street's Naked Swindle : Rolling Stone
A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers -- and the feds have yet to bust the culprits. [naked short selling]
swindle Topic in The Credit Debacle Catalog
Great Iraq Swindle (2); Great Oil Swindle (2); Wall Street's Naked Swindle (3).
Jesse's Café Américain Fri 2009-10-23 19:27 EDT
Matt Taibbi: Wall Street's Naked Swindle
This is worth reading. Wall Street's Naked Swindle by Matt Taibbi. Closing quote from this story: "The new president for whom we all had such high hopes went and hired Michael Froman, a Citigroup executive who accepted a $2.2 million bonus after he joined the White House, to serve on his economic transition team -- at the same time the government was giving Citigroup a massive bailout. Then, after promising to curb the influence of lobbyists, Obama hired a former Goldman Sachs lobbyist, Mark Patterson, as chief of staff at the Treasury. He hired another Goldmanite, Gary Gensler, to police the commodities markets. He handed control of the Treasury and Federal Reserve over to Geithner and Bernanke, a pair of stooges who spent their whole careers being bellhops for...
Jesse's Café Américain; Matt Taibbi; Wall Street's Naked Swindle.
Sun 2008-06-01 00:00 EDT
The Great Oil Swindle: How much did the Fed really know?
The Great Oil Swindle: How much did the Fed really know? by Mike Whitney; soaring commodity prices "hoax cooked up by the investment banks and hedge funds...trying to dig their way out of the trillion dollar MBS mess", billions of Fed dollars diverted into commodities
Sat 2007-09-01 00:00 EDT
The Great Iraq Swindle: : Rolling Stone
The Great Iraq Swindle: How Bush Allowed an Army of For-Profit Contractors to Invade the U.S. Treasury, by Matt Taibbi (Rolling Stone); Iraq a "paradise of perverted capitalism"