JP Morgan Revises Up Trading Loses To $5.8 Billion, May Have Been A Cover Up...
From the Associated Press:JPMorgan Chase said Friday that a bad trade had cost the bank $5.8 billion this year, almost triple its original estimate, and raised the prospect that traders had improperly...
View ArticleThe Economist: The Golden Rules Of Banking
Tired of working for a living? Not put off by a criminal lifestyle? Willing to lie, cheat, steal, and bribe to get ahead? If the answers is yes to these questions you might want to consider a career in...
View ArticleBanksters & Gangsters: HSBC Will Testify On Money Laundering Tuesday
Ah, it seems like only yesterday Bank of America was caught laundering money for the Mexican Drug Cartels. Though to be fair Citigroup also got caught money laundering to Mexico. But don't worry other...
View ArticleOccupy Hong Kong Faces Eviction By HSBC As HSBC Testifies On Money Laundering
Today HSBC testified before the Senate regarding its practices of money laundering for Hezbollah, Hamas, Mexican Drug Cartels, and Iran (seriously).Meanwhile Occupy Kong Kong is facing increasing...
View ArticleHSBC Laundered Money For Drug Lords, Rogue States, and Terrorists
Looks like the Banksters are at it again.HSBC testified before the United States Senate yesterday and disclosed some extremely troubling information, from the Guardian:Executives with Europe's biggest...
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Bernanke Lies To Congress
Another chapter of Banksters and the "Regulators" That Love Them.Yesterday Federal Reserve Chairman Bernanke testified before the House and Senate and, as is customary, avoided giving direct answers to...
View ArticleSocialism Wins? Canadians Richer, Healthier, & More Socially Mobile Than...
Ayn Rand would be crying right now if she weren't dead and/or a sociopath. The Neoliberal experiment America started in the 1980s has now yielded results, and they are poor.From Bloomberg View's...
View ArticleNational Review Editor: GOP Hypocrites On Military Spending
Ramesh Ponnuru, a Senior Editor at National Review, had the courage to call out the severe hypocrisy of the Republican Party when it comes to using federal tax money to help out their campaign...
View ArticleGOP Keynote Speaker Bails Out Solar Industry, Says Government Creates Jobs
Republican Convention Keynote Speaker New Jersey Governor Chris Christie is acting strange for a Republican.Yesterday Mitt Romney's key ally signed a bailout for the solar industry in New Jersey, from...
View ArticleArchitect Of Glass-Steagall Repeal Reverses Himself "The World Has Changed"
In a segment so surreal it should have The Twilight Zone theme playing behind it, the architect of Too Big To Fail now says Too Big To Fail is a bad idea.From CNBC:Former Citigroup Chairman & CEO...
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GOP #FAIL: RNC Victory Digital Manager Fails At Twitter
The Republicans just can't seem to get the internet right. To help solve this problem they brought in Matt DeLuca, from National Journal:Matt DeLuca is leaving his position at New Media Strategies to...
View ArticleHSBC To Be Fined Billions, Laundered Money For 9/11 Attacks
Follow up to HSBC Laundered Money For Drug Lords, Rogue States, and Terrorists.From Reuters:HSBC's boss said on Monday revelations of lax anti-money laundering controls had been "shameful and...
View Article"F--ing Americans" More Banksters Caught Laundering Money For Iran
In the wake of the HSBC money laundering scandal - where Mexican Drug Cartels, 9/11 hijackers, and Iran laundered money through the bank - other bank's activities have been investigated. Not...
View ArticleOccupy The Rule of Law: Glenn Greenwald Breaks Down OWS & Why America's...
Mere income inequality could never sustain a protest movement in the United States what has changed is the perception - obviously accurately in my view - is that these inequalities are no longer just...
View ArticleCriminals Running The Police State: Federal Auditor 2,527 DHS Employees...
The Department Of Homeland Security has done more with their odd authority than conduct illegal surveillance on constitutionally protected political activities. According to a federal auditor DHS has...
View ArticleProtesting Banksters Now A Form Of "Terrorism"
More evidence the post 9/11 national security establishment has morphed from defenders of freedom into protectors of illegitimate power as a man protesting outside a bank is arrested for "terrorist...
View ArticleTime Wars: Neoliberalism Swallows Your Life
Everyday your most important asset further depreciates, that asset is time. 86,400 seconds and once they are gone, they are gone forever. Your time is limited, or if you like scarce.Scarcity is...
View ArticleInequality Is The Point: The Flawed Thinking Of Paul Ryan and Alan Greenspan
Much has been made of Paul Ryan's previous self-identified subscription to Ayn Rand's ideology during this election cycle. Many have considered it scandalous given that Rand was an unapologetic, even...
View ArticleBooker's Platform Speech Pragmatically Unpragmatic
Soon to be ex-Newark Mayor Cory Booker gave the platform speech yesterday to the Democratic National Convention.But don't worry, this time Booker didn't call President Obama's campaign ads against...
View ArticleDid @Jack Just Endorse The Occupy Movement?
Jack Dorsey, a founder of Twitter and currently CEO of Square, gave a disruptive speech at this year's TechCrunch Disrupt in San Fransisco.Speaking at TechCrunch Disrupt in San Francisco, Dorsey called...
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Occupy Retrospection: What Have We Learned?
"Those who profess to favor freedom and yet depreciate agitation want crops without plowing up the ground, they want rain without thunder and lightning. They want the ocean without the awful roar of...
View ArticleJudge Strikes Down Key Dodd-Frank Rule
Dodd-Frank was never a particularly impressive piece of legislation - not surprising given that one of the bill's namesakes, Chris Dodd was caught red handed taking special favors from Countrywide/Bank...
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The Kings Speak: Blankfein and Dimon Preach Austerity
The banksters have launched a new offensive in their never ending quest to get the rest of society to pay for the crisis they created and capitulate to a life of debt slavery.It began with JP Morgan...
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Stay Classy Romney/Ryan Supporters
(Romney/Ryan Supporter at Ohio Rally from Getty Images h/t Buzzfeed)Seriously? This is acceptable now?Also - Jimmy Carter and Bill Clinton were white (along with every other president you probably hate).
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Fmr. Morgan Stanley CEO "Banker Pay Is Too High"
I am noticing a trend here.Many former Wall Street leaders are willing to advocate for reforms or even decry old norms - once they leave. The most breathtaking still has to be Sandy Weill's epic...
View ArticleFiled: United States Of America vs. Bank Of America
Tragically named Bank of America will be back in court following a lawsuit brought by federal prosecutors.From the New York Times:On Wednesday, federal prosecutors in New York took aim at Bank of...
View ArticleSandy In Your Eye: Global Insurers Call BS On Climate Deniers
I live in South Jersey, so yeah, Sandy is about to make my life uh interesting.So before the power/interweb goes out let me reiterate a point that is not made often enough in the climate change debate...
View ArticleVIDEO: Romney Off-Air Argument "I Vetoed Any Bill That Was In Favor Of...
Oh Mitt. So much for your moderate shift. (Uploaded Octover 31st, 2012)During a heated off-air (seemingly recorded without permission) argument Romney lashes out at an Iowan radio show host, concluding...
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SOPA Washout: Republican Study Committee Says Copyright Is Broken
"He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper [(candle)] at mine, receives light without darkening me." - Thomas Jefferson, Third...
View ArticleSOPA-ing Lame: Republicans Retract Report I Wrote About Yesterday
So much for courage.As I wrote yesterday the Republican Study Committee issued a sensible report on Copyright reform. Now it seems they have been forced to delete and disown their own report:So, late...
View ArticleIn Midst of Publicity Stunt Real Cory Booker Shines Through
(Mayor Cory Booker's power play causes chaos at Newark City Council meeting)It was a great plan. Mayor Cory Booker was going to stick to a strategy that had made him one of America's most admired...
View ArticleBridging The Fiscal Cliff: A Wall Street Sales Tax
Day after day, day after day, We stuck, nor breath nor motion; As idle as a painted ship Upon a painted ocean. Water, water, everywhere, And all the boards did shrink; Water, water, everywhere, Nor any...
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SOPA Opera: La distruzione di Khanna
Republican Study Committee staffer Derek Khanna (Facebook)Erich Fromm once said "Man always dies before he is fully born." Derek Khanna is not dead.Well, not literally.
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Barrett Brown Is Being Railroaded (Why You Should Care)
(Barrett Brown faces 45 years in prison for posting a link in a chat room. (YouTube))Trying to think of less sympathetic figure than Barrett Brown would be a difficult task for many Americans. He's...
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Newark Star Ledger Endorses Political Corruption
South Jersey Political Boss George Norcross (Star-Ledger)"we said to Harry, wait a second, JCA was going to be the engineer of record. I don’t care about your f—— review process"..." I sat him down and...
View ArticleFederal Reserve Program Is Socialism For The Rich
If you have followed any economic news at all you will have heard the term quantitative easing, or QE, which is technocratic shorthand for the Federal Reserve shoveling funds into Wall Street banks to...
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Chris Christie’s Lobbying Records
Originally posted on Firedoglake.Documents obtained by Firedoglake under New Jersey's Open Public Records Act (OPRA) detail New Jersey Governor and popular contender for the Republican Party's 2016...
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Hillary Clinton Tells Wall Street She Believes Anti-Wall Street Rhetoric...
Here we go again. According to a piece in Politico Magazine former Secretary of State and likely 2016 presidential candidate Hillary Clinton had some harsh words related to progressives in her...
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Give Snowden Clemency And Fix The NSA’s Whistleblowing System
Editorials from two of the most well established newspapers in the world - the Guardian and the New York Times - have now called for clemency for Edward Snowden and recognized him as a legitimate...
View ArticleRe Kansas: Question To Damon Linker On Allowing "Religious Liberty"...
Let us run a thought experiment to clarify a position that Mr. Linker espouses that, appears to me, to justify discrimination against the LGBT communityRelatively recently a new group of immigrants...
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The Neocon Money Machine
In 2003 writer Eli Lake declared that the neoconservatives were the "most influential wing in the current administration," and that those empowered neoconservatives were chiefly responsible for the...
View ArticleJake Tapper Puts Out George W. Bush Puff Piece
When it comes to politics Americans don't seem to agree on much these days. But one thing we do all recognize is that the presidency of George W. Bush was a disaster. So disastrous even Republicans...
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Suckerberg: Facebook's $100 Million Education Donation Chiseled By Consultants
On Tuesday night Ras Baraka won Newark's mayoral election all but formally ending the Cory Booker era. With the power of grass roots and union support Baraka overcame Booker's chosen establishment...
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Pentagon Finances Still ‘Unauditable’
Though we live in the age of austerity, at least concerning the 99%, the Department of Defense gets around $600 billion a year. More funds than any other military in the world. More funds than the...
View ArticleIraq Redux: Very Serious People Want War With Russia
It has been awhile since America did something really stupid abroad, too long for some. From the gang of Very Serious People who brought you the 2003 invasion and occupation of Iraq comes Quagmire 2:...
View ArticleChris Christie's Double Standard On Bush Cronyism
Cross-posted on Blue Jersey As the Christie for President 2016 bus hits heavy traffic some of us longtime Christie observers are finding glory in the evening. All the old critiques - shady travel...
View ArticleBridgegate: Jamie Fox's Problematic Lobbying Records
Last month the seemingly unending and ever-expanding political vortex known as Bridgegate sucked in yet another major figure in New Jersey politics and government, James P. "Jamie" Fox.A story in the...
View Article#EarthDay: Mother Jones Validates Koch Industries Connected Outlet
Despite a longstanding criticism of the Koch Brothers for their largely successful attempts to thwart policies to deal with climate change, progressive magazine Mother Jones validated a publication...
View ArticleMarco Rubio Connected To Federal Investigation For Tax Evasion
Cross-posted on ShadowproofSenator Marco Rubio’s association with former Congressman David Rivera continues to be a problem for the senator. Sources have told Shadowproof that investigators from both...
View ArticleThe Case to Impeach Chris Christie
Cross-posted on Blue JerseyOaths are more than just words. Oaths are sacred promises that provide the foundation for all public service. We the people, trust that no matter the temptations of power, a...
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