Tag Archives: banksters
Julian Assange exposes Google collaboration with NSA et al
It has been revealed today, thanks to Edward Snowden, that Google and other US tech companies received millions of dollars from the NSA for their compliance with the PRISM mass surveillance system. http://cryptome.org/2013/08/assange-google-nsa.htm So just how close is Google to the US securitocracy? Back in 2011 I had a meeting with Eric Schmidt, the […]
Spanish police arrest JPMorgan bankster
Spanish police say they have arrested a former JPMorgan Chase trader wanted for allegedly falsifying bank records to cover up $6 billion in trading losses. http://www.nytimes.com/2013/08/28/business/former-jpmorgan-employee-arrested-in-spain.html?hp&_r=0 A statement said that Javier Martin-Artajo, 49, was arrested Tuesday after he presented himself at a police station in Madrid. U.S. prosecutors earlier this month filed criminal charges against […]
US intelligence and banksters feed private spy companies
In 2012, more than $1 billion in venture financing poured into security start-ups, more than double the amount in 2010, according to the National Venture Capital Association. http://www.nytimes.com/2013/08/23/technology/the-pentagon-as-start-up-incubator.html?src=recg For years, the Pentagon has knocked on Silicon Valley’s door in search of programmers to work on its spying technologies. But these days, it’s the Pentagon that […]
EU bank deal gives Cyprus, warm water port to Russia
European leaders engineered a harsh bailout deal for this tiny Mediterranean nation in March and the Russians are now in a position to get something that has previously eluded even Moscow’s most audacious oligarchs: control of a so-called systemic financial institution in the European Union. http://www.nytimes.com/2013/08/22/world/europe/russians-still-ride-high-in-cyprus-after-bailout.html?pagewanted=1&ref=world “They wanted to throw out the Russians but in […]
Banksters JPMorgan investigated for bribery
Federal authorities have opened a bribery investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win lucrative business. The Foreign Corrupt Practices Act, is a 1977 federal law that bans United States companies from giving “anything of value” to a foreign official to win “an improper advantage” in […]
The new American Drug War
The new documentary by director Kevin Booth, American Drug War 2, highlights the case of a 2-year-old boy who lay in a coma not eating for over 40 days after surviving brain surgery, radiation, and chemotherapy. His parents are told to make funeral arrangements. However, his father had read about a version of an ancient […]
Bankster elitist Summers to be appointed as Fed chair
The Obama administration is considering nominating Lawrence H. Summers as the next chairman of the Federal Reserve. Senators are speaking out against Mr.. Summers. They are raising questions about potential conflicts of interest and noting his role in the repeal of the Glass-Steagall law, which limited the sorts of activities banks could undertake, and his […]
$20 billion Hong Kong firm the sweatshop locator for the West
“If globalization is a race to the bottom, where lowest wages win,” said Cathy Feingold, director of international affairs for the A.F.L.-C.I.O., “Li & Fung is the sherpa showing companies the fastest route down that slope.” Li & Fung has long been on the cutting edge of globalization, chasing cheap labor to garment factories first […]
Banksters JPMorgan faces criminal and civil investigations
JPMorgan Chase disclosed on Wednesday that it faced a criminal and civil investigation into whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis. The civil investigation found JPMorgan flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007. http://dealbook.nytimes.com/2013/08/07/jpmorgan-reveals-it-faces-civil-and-criminal-inquiries/?emc=eta1 The parallel criminal inquiry, according to […]
Islamist prison breaks may be connected to Syrian conflict
Interpol cited prison escapes in Iraq, Libya and Pakistan, and asked its members to examine if they were connected. http://www.bbc.co.uk/news/world-europe-23560889 In the most recent escape, 248 prisoners were sprung from a jail in north-west Pakistan. Militants used automatic weapons and bombs to break down the walls of the jail in Dera Ismail Khan on 30 […]
Military Industrial Complex continues to suck the DOD tit
The Defense Department on Tuesday announced an agreement in principle to buy 71 more F-35 fighter jets from Lockheed Martin at somewhat lower prices than last year. http://www.nytimes.com/2013/07/31/business/pentagon-buys-71-more-f-35s-from-lockheed-martin.html?ref=us People briefed on the latest deal, which includes ancillary equipment, said it was worth more of what is by far the Pentagon’s largest program, which could cost […]
The elite’s war on the low-wage worker
Relegated to the background, America’s low-wage workers have been making considerable noise lately by deploying an unusual weapon — one-day strikes — to make their message heard: they’re sick and tired of earning just $8, $9, $10 an hour. http://mobile.nytimes.com/2013/07/28/sunday-review/fighting-back-against-wretched-wages.html?from=homepage Their anger has been stoked by what they see as a glaring disconnect: their wages […]
Cohen escapes indictment, while SAC “edge” sacrafices little
SAC “a veritable magnet of market cheaters,” the firm and its units permitted a “systematic” insider trading scheme to unfold from 1999 to 2010, activity that generated hundreds of millions of dollars in profit for the firm, owned by its founder, the billionaire stock picker Steven A. Cohen. The indictment cites SAC’s inner workings, citing […]
Halliburton pleads guilty and receives slap on the wrist
Halliburton has agreed to plead guilty to destruction of critical evidence after the Gulf of Mexico oil spill in 2010. The oil services company said it would pay the maximum allowable fine of $200,000 and will be subject to three years of probation. http://www.nytimes.com/2013/07/26/business/halliburton-pleads-guilty-to-destroying-evidence-after-gulf-spill.html?hp Halliburton , BP and Transocean, the operator of the Deepwater Horizon […]
Banksters buy commodities industry to manipulate prices
An industrial dance has been choreographed by Goldman Sachs to exploit pricing regulations set up by an overseas commodities exchange. http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?pagewanted=1&_r=1&nl=todaysheadlines&emc=edit_th_20130721 There are 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three […]
EU antitrust suit uncovers bankster derivative scheme
Back in 2009, the Justice Department said it was investigating the large Wall Street banks for possible collusion in the huge and opaque credit default swaps market. The question was whether the big financial institutions had worked to keep transactions in these insurance-like instruments closed to competitors and more profitable for themselves. http://www.nytimes.com/2013/07/21/business/trying-to-pierce-a-wall-street-fog.html?nl=todaysheadlines&emc=edit_th_20130721&_r=0 Not much […]
JPMorgan banksters to settle in price manipulation scheme
JPMorgan Chase, the Wall Street giant whose reputation in Washington has eroded in a matter of months, is now moving to avert a showdown over accusations that it manipulated energy prices. http://dealbook.nytimes.com/2013/07/17/jpmorgan-in-talks-to-settle-energy-manipulation-case-for-500-million/?hp The nation’s largest bank is seeking to settle with the federal agency that oversees the energy markets. The regulator, the Federal Energy Regulatory […]
Banksters swindle Spaniards out of savings
About 300,000 Spaniards who, in the midst of a brutal recession, have seen their life savings virtually wiped out in what critics call a deceptive and possibly fraudulent sales campaign by banks that were threatened by the implosion of Spain’s property market. http://www.nytimes.com/2013/07/09/world/europe/spaniards-fight-to-get-savings-back.html?ref=world Spaniards were easily misled when bank officials hit on the idea […]
US Supreme Court guts Voting Rights Act
The Supreme Court on Tuesday effectively struck down the heart of the Voting Rights Act of 1965 by a 5-to-4 vote, freeing nine states, mostly in the South, to change their election laws without advance federal approval even though racial minorities continued to face barriers to voting in states with a history of discrimination. http://www.nytimes.com/2013/06/26/us/supreme-court-ruling.html?ref=us […]
Dirty Babylon 