Bushvilles, Hoovervilles and Lost Causes
Love thy neighbor. That clip is from January 2009 History seems to be repeating itself. More below the fold . . . . .
View ArticleBerkshire - "100 %" Ban on Credit Default Swaps-Eliminate Them All
From Bloomberg -Berkshire Hathaway Inc. Vice Chairman Charles Munger said he supports an outright ban of credit- default swaps to prevent speculators from profiting on the failure of companies....I...
View ArticleBanksters Fail: 1 in 4 Mortgage Payments INCREASED; Cramdown Time
From the AP (emphasis added)Though lenders are boosting their attempts to curb home foreclosures, fewer than half of loan modifications actually reduced borrowers' payments by more than 10 percent,......
View ArticleBanksters Committed Credit Default Insurance Fraud
I believe every stage of our financial crisis was managed in a way so as to cash in on Credit Default Insurance. Basically, it came down to Credit Default Insurance fraud. Credit Default...
View ArticleMoody's and Goldman Sachs - Engineering Fraud and Failure
Moody's didn't just give toxic assets a passing grade, they helped to structure the CDO's so that they would have the appearance of viability, knowing full well they were garbage.That's right Moody's...
View ArticleWingnut, Call me a traitor again and I'll kick your ass!
(Half snark/Half serious) My father was a Vietnam vet and a Navy Helmsman. His father was a decorated WWII vet and a Navy man as well. I have family going back to the Civil War, where...
View ArticleMoody's & Co. Get Kickbacks to Sack Muni Bonds(Updated)
Bonds are sold by entities to raise money.Two major types of bonds are: corporate bonds and muni bonds.Corporate bonds are sold by businesses. Municipal(muni) bonds are sold by states, towns, school...
View ArticleKill Naked Credit Default Swaps - Stop The Corporate holocaust
Invalidate them all and refund them for the pennies on the dollar that they're worth and still makes them whole. Holders of naked default swaps should consider themselves lucky considering their...
View ArticleBubonic Banksters; James Dimon and Lloyd Blankfein; Ben Bernanke
I - WHERE'S OUR FUCKING MONEY, BEN?Mr. Bernanke - quit telling us you can't tell us where trillions in Fed Fubds have gone, because you're afraid of a run on the banks. If there was going to be a run,...
View ArticleDouble Standard for Blankfein/Dimon
DOUBLE STANDARD The federal bank "stress tests" rate the individual loans held by big regional banks as riskier than the complex troubled assets held by the industry titans, according to a Federal...
View ArticleHey Ben and Timmy - Where's Our F**kin' Money? ; The Dimon/Blankfein Heist
If it's not too much trouble to find out, how much and how you've paid off the Pandemic Banks.I know with the hundreds of billions, and trillions of dollars you two are passing along to the Banksters...
View ArticleHey Timmy - "Show Me The F##king Bond, Bankster"
Say it with me Timmy - "Show me the bond!" Now, when one of those gentle people from those fine banks comes to your window asking for money to pay off a credit default swap, you'll know what to...
View ArticleGolem Sachs - Insurance Fraud
Investors love a sure bet. Who doesn't? Insurance fraud is another story.This story.I've always found it a curious coincidence that credit default swaps expire in 3-5 years and liar loans were created...
View ArticleGoldman Pays $60M for Deceptive Practices
The settlement is worth $60 million, the Associated Press reported, without citing a source for the figure. Goldman Sachs will provide $50 million to homeowners and pay $10 million to the state, the AP...
View ArticleJP/Goldman's Boss U.S. Gov't AIG Trustees
From BloombergOf so here's the lowdown -The 3 trustees assigned to safeguard our $182.5 billion investment in AIG were picked out and are supervised,and can be removed by the New York Fed. The NY Fed...
View ArticleLloyd Blankfein - Goldman Sachs - Fraudsters
Investors love a sure bet. Who doesn't? Default Insurance fraud is another story.This story.I've always found it a curious coincidence that credit default swaps expire in 3-5 years and liar loans were...
View ArticleMBIA Splits - Banksters In Fits, Hedge's Bleed AIG's Teats
From Bloomberg -Here's the deal - MBIA is a bond insurer. MBIA has been a counterparty to billions of dollars in insurance for crap bonds(CDO's and MBS)that Banksters like BofA, Goldman's and JP Morgan...
View ArticleBorat Makes Sexy Time W/ Morgan Stanley
A Credit Default Swap is protection (similar to insurance) one buys to protect against a bond losing value. A Naked Default Swap is when parties buy the same policy against someone else's bond to cash...
View ArticleBorat Fights, Barack Slinks; MBIA Says "No", Geithner Winks
KazkhstanKazakhstan bailed out a couple of its banks and became a limited liability shareholder. Because the banks got crunched recently, the creditors are demanding accelerated payments. (Imagine your...
View ArticleAIG/US Treasury - Banksters' BFFs
What I'd like people to know about AIG - Let's start with best practices - What were other firms doing right that AIG and the Bush/Obama Administrations have done worng?AIG -AIG did such a booming...
View ArticleDead Workers Pay JP Morgan's Bonuses
For those Kossacks who think limiting executive pay is a bad idea...Naked Life Insurance aka "Janitor's Insurance" or "Dead Peasant Policy"Banks are using a little-known tactic to help pay bonuses,...
View ArticleGeithner Selling US Out to Banksters - Dimon, Mack,& Blankfein(D,MB)
From BloombergSo, the banks want to repay TARP funds. Ok. Fair enough.They also want to buy back the warrants they provided in exchange for the funds. But, they want us to provide very generous terms....
View ArticleJamie Dimon - Smooth Bankster
I'll be commenting on a portion of an article(brown nosing press release bordering on a colonic) that found it's way onto the esteemed pages of Fortune.The piece attempts two things - 1. to serve as an...
View ArticleJamie's Crying
Wall Street is still reeling from one of the most wrenching periods in its history. But for Jamie Dimon, the head of the banking giant JPMorgan Chase, it was the firm’s shining moment. That's because...
View ArticleJamie Dimon Grinning, JP Spinning - Tricks & Cheats -
From an Oregonian Article March 27, 2008 that received a flash of notice before the world turned upside down and all around in a tumultuous election year - A memo that made it's way to the Oregonian...
View ArticleJamie Dimon - The Duck of Death
"History is written by the victors." Winston ChurchillIn the movie "The Unforgiven" a dime novel writer, W.W. Beauchamp, follows around an old gunslinger that he has christened the Duke of Death, only...
View ArticleWells Fargo Targeted "Mud People"
I don't have much commentary to add, except to say, to all those who wonder "Why we don't blame the borrowers": please stop. The borrowers you speak of are speculators and flippers. People who could...
View ArticleJamie Dimon - Like A Gang Rapist With Good Hearing
Every time I write an article detailing how Jamie Dimon is no different than the other gang banksters who screwed our country over, I get some bankster defenders popping up and so I write more diaries....
View ArticleWhat Jamie Dimon Covets - Jamie Dimon Gets
You never want a serious crisis to go to waste. Rahm Emanuel I've written diaries about JP Morgan CEO Jamie Dimon that have been criticized because apparently Jamie is supposed to be a good guy who...
View ArticleJamie Dimon's Bi-Focal Windshield - Rejects Checks and Balances
In yesterday's WSJ, while JPMorgan/Chase CEO Jamie Dimon managed to give skirting approval to Obama's reforms, he also had this to say -DENIALOne ugly example that came from these companies: certain...
View ArticleChappelle Pegs Banksters
From Newsweek's Michaels Hersch's article Too Big To Jail:Loewenson, who now helps run Morrison & Foerster's white-collar defense unit in New York. "Look at Lehman, Merrill, Citi, Wachovia ... They...
View ArticleHow Banksta Blankfein and Goldman Sachs Stuck US
Investors love a sure bet. Who doesn't? Default Insurance fraud is another story.This story.I've always found it a curious coincidence that credit default swaps expire in 3-5 years and liar loans were...
View ArticleJP Morgan's JAMIE DIMON - Duck Of Death is Unforgiven
"History is written by the victors." Winston ChurchillIn the movie "The Unforgiven" a dime novel writer, W.W. Beauchamp(which sounds an awful lot like bull sh**), follows around an old gunslinger that...
View ArticleCorpses Pay Jamie Dimon and Lloyd Blankfein's Bonuses
For those Kossacks who think limiting executive pay is a bad idea and trusting banks is unquestionable...Naked Life Insurance aka "Janitor's Insurance" or "Dead Peasant Policy"Banks are using a...
View ArticleGDP Falls, Despite Govt. Manipulation; 3 yr. Net Negative GDP
Today's GDP report for 2nd quarter GDP, showed a decline of "only" 1.0%. To get a number that wasn't worse than this, however, the Government needed to employ every known mechanism to manipulate GDP....
View ArticleWall Street's Mercenaries Ride Donkeys
Robert Scheer's new book "The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street," is not yet another account of how we got robbed or...
View ArticleFalse Fear: Cyborgs instead of CEOs
The diamond-crusted rich on both sides of the Atlantic have determined that workers and the vulnerable will pay the consequences of the bankster-caused recession. And they’re exploiting the financial...
View ArticleThe Sociopathy of Banksters and Slaveowners
About six years ago Digby penned a piece entitled The Resentment Tribe. She was following up on a prior post in which she had asked the question: "Why are [Conservatives] so angry?" Digby proposed that...
View ArticleBloomberg "Banks are struggling to make ends meet" mean #OccupyWallStreet...
GAMBLING: Mr. Mayor, let’s talk about Zuccoti Park and the protesters. How do you end that thing? BLOOMBERG: The protesters are protesting against people who make $40-50,000 a year and are...
View Articlebankster declares the euro finished and that goldman rules the world on BBC.
You've just gotta watch this... the BBC anchors are just aghast. I know this isn't really a diary, but I wanna make sure this is on DKos.
View ArticleNationalizing the Banks Looks Better and Better
If Germany would just write them a check, that would solve the problem. But the German taxpayer is asking, ‘why are we using our hard-earned tax dollars to prop up these profligate countries?’ Seventy...
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Occupy Wall Street: 1%er's Counter Protest(?)--OWS Protestors Should Have...
First, let me tell you the reason for the (?) in the title will be explained at the end of this diary, so bear with me. Let's just say something about the aforementioned counter-protest smells like a...
View Article60 Minutes - Prosecuting Wall Street
Countywide. Bank Of America. Citibank. Bailouts. Profits from secret bailouts.Are the people who are supposed to investigate bank fraud actually motivated to do it?Steve Kroft and 60 Minutes took a...
View ArticleDear Rick Santorum, regulate my genitals and then blow it out your frothy @$$
Yesterday Rick Santorum said that Occupy Wall Street protestors are "intolerant and disrespectful", and then he went back to demonizing gay people.He derided OWS for trying to "divide people into one...
View ArticleThe Bock Stops Here. Lisa Epstein puts the Brakes on Fraud.
My name is Lisa Epstein. I am running for Clerk of Circuit Court in Palm Beach County's August 14, 2012 election. Our county's voters have spoken loud and clear; expose and rid our county of fraud....
View ArticleKnow friends or family in Palm Beach County?
If you do, please pass this article by Naked Capitalism's Yves Smith along, as she joins Alan Grayson, Neil Barofsky, Matt Stoller, Anya Stiglitz, John O'Brien, Jeff Thigpen, David Dayen, John Aravois...
View Articlethe banksters
I dont want any of the innocent to suffer at all and that is out of our hands. But we will all pay financially for this, just like any natural disaster. Because despite all of their protestations, the...
View ArticleWanted: Post Office Bank
The Inspector general of the US Postal Service has completed a detailed report on something people in many countries take for granted: Banking Services offered by the Post Office. While it may seem a...
View ArticleKamala Harris - yay?
As a California voter, I got a suggested like on my Facebook wall this morning for AG Kamala Harris' US Senate run for the seat being vacated next year by Senator Barbara Boxer.A few initial thoughts...
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