Anarchoblogs

The Associated Press reports that the banks weren’t the only ones handing out bonuses: “Banks weren’t the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulators, rewarding “superior” work even as an avalanche of risky mortgages helped [...]

Steve Forbes points out that government subsidies in the housing market weren’t needed for Canadians to become home owners: “The Bush Administration botched an opportunity in 2008 to put these entities in receivership, with the idea of either liquidating or privatizing them. A winding down of Fannie and Freddie would have led to a birth of [...]

Gerald Celente: JP Morgan and Citi acted like mobs bosses in torpedoing Lehman. Note: the bankruptcy examiner’s report shows Lehman cooking its books to look less levered than it was, but the Federal Reserve Bank of New York (FRBNY) (Mr. Geithner, that would be you) abetted it. So did the SEC, and JP Morgan and Citi [...]

The Guardian: “For the first time in five years, no big US investment bank appears among the top nine sovereign bond bookrunners in Europe, according to Dealogic data compiled for the Guardian. Only Morgan Stanley ranks at number 10. Goldman Sachs doesn’t make the table. Goldman made it to number five last year and in 2006, [...]

Yes, indeed. One for the good guys! “The U.S. Justice Department has launched an investigation into whether heavyweight hedge funds including Soros Fund Management, SAC, Greenlight Capital and Paulson & Co.  aggressively shorted the euro in recent weeks to destabilise it, the WSJ reported on Wednesday, citing people familiar with the matter. According to the paper,  the [...]

From CNN, via Lew Rockwell, the latest Federal incentives for snitching and snooping on your fellow citizen: “In 2006, the IRS really started cracking down on big time cheaters and introduced a new whistle-blower program, in which informants are paid a minimum of 15% and a maximum of 30% of the amount owed. But there’s a [...]

Statement of Congressman Ron Paul United States House of Representatives Statement for the Record February 25, 2010 Madame Speaker, I would like to enter into the record the following letter from Professor Robert D. Auerbach, a professor at the LBJ School of Public Affairs at the University of Texas. This letter provides additional information regarding remarks I made at [...]

“Sibel Edmonds: The Traitors Among Us,” by Brad Friedman, Hustler Magazine, March 2010 “Edmonds’s most disturbing allegations, however, may be against high-ranking appointed officials in the Bush Administration. Elaborating on testimony she laid out in her sworn deposition, Edmonds told American Conservative magazine’s Phil Giraldi—a 17-year CIA counterterrorism officer—very specific details of alleged traitorous schemes perpetrated [...]

Great interview at Forbes, between Steve Forbes and Senator Ted Kaufman on the capital markets, naked short selling, the uptick rule, sponsored access, HFT (high frequency trading) and digitalization, dark pools, and fraud… “Forbes: Finally, Fraud Enforcement Recovery Act. Kaufman: Yeah, yeah. Forbes: You’re proud of it. Kaufman: Yeah, I am. Forbes: What it does, and what will it do? Kaufman: [...]