Tag Archives: financial crimes

Congressional corruption and the Financial Services Committee

Political action committees — set up by lobbying firms, corporations and other groups trying to push their agenda in Congress — have donated more money to Financial Services Committee members in the first six months of this year than to members of any other committee. http://www.nytimes.com/2013/08/11/us/politics/for-freshmen-in-the-house-seats-of-plenty.html?pagewanted=1&_r=0&hp The $9.4 million total is nearly $2 million more […]

Swiss banksters aid in money laundering, tax evasion

A French judge on Thursday placed UBS AG, the Swiss parent company, under formal investigation on suspicion that it illegally sold banking services to French citizens that helped them to set up secret accounts abroad. http://dealbook.nytimes.com/2013/06/07/ubs-under-investigation-for-tax-evasion-in-france/?ref=world The Swiss bank also was identified as an ‘‘assisted witness,’’ a less serious status, in a concurrent investigation of […]

Austerity forces privatization

Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way for Russian energy giant Gazprom to bid for the firm  http://www.nytimes.com/reuters/2013/05/25/business/25reuters-greece-privatisations-gazprom.html?hp&_r=0   “The guarantee was halved to 10 percent of the purchase price,” Privatisation agency HRADF finalised the terms of the sale contract late on Friday, lowering the […]

IMF head accused of financial misdealing

Christine Lagarde, the head of the International Monetary Fund, will soon learn if she must face a full criminal investigation over her role in a contentious financial deal that dates back to her time as French finance minister. http://www.nytimes.com/2013/05/23/business/global/lagarde-to-appear-in-french-court.html  Ms. Lagarde, Nicolas Sarkozy’s finance minister from 2007 to 2011, allowed a court case to go […]

Julian Assange: Why Wikileaks

“Let me first frame this. I looked at something that I had seen going on with the world. Which is that I thought there were too many unjust acts. And I wanted there to be more just acts, and fewer unjust acts. http://wikileaks.org/Transcript-Meeting-Assange-Schmidt?nocache And one can sort of say, well what are your philosophical axioms […]

israeli voters get the Bait & Switch on austerity

The Israeli government approved a two-year austerity budget early Tuesday that would cut spending and raise taxes, outraging many Israelis who voted in a new government this year after promises of economic relief. http://www.nytimes.com/2013/05/15/world/middleeast/after-citizen-protests-israel-approves-austerity-budget.html?ref=world 12,000 Israelis took to the streets Saturday night in a show of anger reminiscent of the vast social protests that rocked […]

Google + Bilderberg = Global Technocracy

The secretive Bilderberg Group is currently undergoing a major transformation that will see it and other high profile networks merge under the banner of Google as the elite accelerates its plan to consolidate its technocratic agenda. http://www.infowars.com/google-berg-global-elite-transforms-itself-for-technocratic-revolution/ On the New World Order agenda this year: – Targeting Iran’s nuclear processing facilities for destruction via air […]

Bloomberg News teaches hacking

Reporters at Bloomberg News were trained to use a function on the company’s financial data terminals that allowed them to view subscribers’ contact information and, in some cases, monitor login activity. http://www.nytimes.com/2013/05/13/business/media/bloomberg-admits-terminal-snooping.html?ref=business&_r=0 The company acknowledged that at least one reporter had gained access to information on Goldman Sachs after the bank complained to the company […]

Dead Iraqi children: Mission Accomplished

Ten years on from the US-led invasion, violence is increasing and life expectancy is falling for children in Iraq, a new report says. Nearly 700 children and young people were killed in the last five months.  http://www.bbc.co.uk/news/world-middle-east-22366451  The report warns that Iraq’s children are being abandoned as international donors “sign up to the view that the […]

Austerity programs benefit the elite 1%

A recent research paper by the political scientists Benjamin Page, Larry Bartels and Jason Seawright compares the policy preferences of ordinary Americans with those of the very wealthy, and the results are eye-opening.http://www.nytimes.com/2013/04/26/opinion/krugman-the-one-percents-solution.html?src=me&ref=general&_r=1& The average American is somewhat worried about budget deficits, which is no surprise given the constant barrage of deficit scare stories in […]

Italy raids JP Morgan bankster offices

The Italian tax police descended on the Milan offices of the investment bank JPMorgan on Thursday in search of documents related to their investigation of suspected fraud at Banca Monte dei Paschi di Siena, as a financial scandal widened.http://www.nytimes.com/2013/04/19/business/global/italian-tax-police-seize-documents-from-jpmorgan-in-milan.html?ref=world  JPMorgan helped Monte dei Paschi finance its €9 billion purchase in 2007 of a rival, Banca […]

Banksters get off the hook for Libor scandal

The world’s biggest banks won a major victory on Friday when a judge dismissed a “substantial portion” of the claims in private lawsuits accusing them of rigging global benchmark interest rates. http://www.nytimes.com/2013/03/30/business/global/judge-rejects-much-of-libor-lawsuit-against-banks.html?hp The banks had been accused of conspiring to manipulate Libor, a benchmark at the heart of more than $550 trillion in financial products. […]

Hedge fund king escapes SEC charges

The recent SEC settlements spare SAC’s founder, the billionaire Steven A. Cohen, who hasn’t been charged with wrongdoing. Mr. Cohen, one of the most successful hedge fund managers in the world, has long been considered a  target of federal investigators. SAC Capital, the giant hedge fund, settled insider trading charges with the Securities and Exchange […]