Massive Cover-up of Economic Crisis 'William K. Black was the senior regulator during the Savings and Loans (S&L) crisis, and an Associate Professor of Economics and Law at the University of Missouri. Black says that massive fraud is what caused the economic crisis. As one example, he explains that everyone involved knew that the CDOs which packaged subprime loans were not AAA credit-worthy (which means that they are completely risk-free). He also said that the exotic instruments (CDOs, CDS, etc.) which spun the mortgages into more and more abstract investments were intentionally created to defraud investors. Moreover, Black says that the government's entire strategy in dealing with the economic crisis is a massive cover-up: [They] don't want to change the bankers, because if we do, if we put honest people in, who didn't cause the problem, their first job would be to find the scope of the problem. And that would destroy the cover up.... Geithner is covering up. Just like Paulson did before him. These are all people who have failed. Paulson failed, Geithner failed. They were all promoted because they failed.' The Question That Flummoxed Barack 'Teleprompter' Obama 'Barack Obama, the World's Greatest Orator (Copyright, all news organisations), didn't exactly cover himself in glory when the BBC's political editor Nick Robinson asked him a question about who was to blame for the financial crisis. Normally word perfect, Obama ummed, ahed and waffled for the best part of two and a half minutes. Here, John Crace decodes what he was really thinking ...' A Response to the Global Economic Crisis From Argentina Corporate Media Tries to Link Police Murderer To Conspiracy Sites 'Richard Andrew Poplawski was a young man convinced the nation was secretly controlled by a cabal that would eradicate freedom of speech, take away his guns and use the military to enslave the citizenry. His online profile suggests someone at once lonely and seething. He wrote of burning the backs of both of his hands, the first time with a cigarette, the second time for symmetry. He subscribed to conspiracy theories and, by January 2007, was posting photographs of his tattoos on white supremacist Web site Stormfront.' Man Who Died of a Heart Attack During G20 Protests 'Was Violently Attacked by Riot Police' 'A newspaper seller who died after suffering a heart attack during the G20 protests was attacked by police, witnesses said yesterday. Ian Tomlinson, 47, was hit with a police baton and shoved to the ground by officers in riot gear, according to statements received by the police watchdog. The Independent Police Complaints Commission is examining several accounts which allege Mr Tomlinson, a married man who lived alone in a bail hostel, was struck and pushed by police.'
Monday, 06 April 2009 Monday, 06 April 2009
Monday, 6 April 2009
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