Majority says government a threat to citizens' rights: A majority of Americans think the federal government poses a threat to rights of Americans, according to a new national poll. Pound Could Collapse Within Weeks, Predicts Billionaire Financier Jim Rogers: Billionaire financier Jim Rogers, former George Soros partner, predicts GB Pound is on the brink of a collapse, foreshadowing a huge global economic shakedown, worse than 2008/9. Pound under attack as debt worries grow: George Papandreou, the Greek prime minister, will hold talks with Angela Merkel, the German chancellor, on Friday. Their meeting comes amid a report that a German-led bailout for Greece will involve KfW, the state-owned development bank, buying or guaranteeing Greek government bonds. Head of IMF Proposes New Reserve Currency: Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. California is a greater risk than Greece, warns JP Morgan chief: Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece's current debt woes. Kansas tax collections decline by 27 percent for February: The Department of Revenue reported Friday that Kansas collected $71 million less in tax revenues than expected this month, leading one lawmaker to call for additional cuts to the current state budget. Massive Bank Failures Due, Says Oversight Panel: Close to 3,000 banks are currently classified as having a risky concentration of commercial real estate loans, according to a recent report by the Congressional Oversight Panel (COP). All of them are small to mid-sized banks, already weakened by the financial crisis. FDIC closes bank in Nevada for year's 21st closure: Regulators have shut down Carson River Community Bank in Nevada, marking the 21st failure this year of a federally insured bank. FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders: The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank. 'Large wave of foreclosures' ahead?: Mortgage financier Freddie Mac reported today that a record 4 percent of its borrowers are at least three months behind on their loans and in danger of foreclosure. Foreclosure crisis hits affluent towns: The foreclosure auction was still an hour away, but potential buyers were already circling the Baird home, snapping photos with their Blackberries. Buy, Buy American Pie: Video: Humor? Uncle Sam points out the problems we have when we buy cheap products from China.
Monday, 1 March 2010
Sibel Edmonds Has Named Names. Why Isn't The Media Reporting The Story?
By Brad Friedman
Sibel Edmonds, a former FBI translator, claims that the following government officials have committed what amount to acts of treason. Continue
By Matt Taibbi
Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash. Continue
By Mike Whitney
Greenspan and Bernanke are either criminally negligent in failing to execute their regulatory duties or complicit in aiding and abetting the banks and other financial institutions in the sale of fraudulent loans to investors and homeowners. Which is it? Continue
By Margareta Pagano
"Some of the US bankers were furious about attempts to reduce pay throughout the industry, arguing that any such move smacked of socialism and would be fiercely resisted," the source said on Friday. "It's not the way the Americans like to go about their business." Continue
What Kind Of World Do We Want?
Video
Capitalism and Other Kids' Stuff tries to find answers to why we live the way we do and suggests possible alternatives. Continue
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