Tag Archives: Financial Crisis
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 […]
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 […]
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 […]
Austerity starving Greek children
In Greece children are picking through school trash cans for food; needy youngsters asking playmates for leftovers; and an 11-year-old boy was bent over with hunger pains. http://www.nytimes.com/2013/04/18/world/europe/more-children-in-greece-start-to-go-hungry.html?hp&_r=0 “He had eaten almost nothing at home,” The parents, who were ashamed and embarrassed but admitted that they had not been able to find work for months. […]
IMF more powerful than EU countries
The I.M.F. has more say over crisis management than many euro zone members, and Christine Lagarde, the managing director, has become a quasi head of state, whose views carry more weight than those of many elected leaders. http://www.nytimes.com/2013/04/18/business/global/euro-zone-crisis-has-increased-imfs-power.html?ref=world More than half of the I.M.F.’s lending goes to the euro zone. Poorer nations that contribute to […]
Dirty Babylon 