the Justice Department opened a criminal probe into a $3 billion trading loss in risky derivatives at financial giant JPMorgan Chase, the nation’s largest bank. … Predator NationRead more
Financial crisis
Posted inEconomics / Financial crisis
Financial bomb
[youtube=http://www.youtube.com/watch?v=OqN5GGYXNF0&rel=0]
Posted inEconomics / Financial crisis / ToMl / USA Empire
Too Crooked to Fail
Matt Taibbi talking: Bank of America grew out of the rivalry of a pair of Charlotte-based banks, First Union and NationsBank. There were a couple … Too Crooked to FailRead more
Posted inEconomics / Financial crisis / ToMl
Alternatives emerging from the Greek crisis
Greece is gripped by an official self-fulfilling rhetoric that ‘there is no alternative’ to a hard-line, socially divisive, austerity-driven return to business-as-usual. It’s a policy … Alternatives emerging from the Greek crisisRead more
Posted inFinancial crisis / Occupy Wall Street / Politics / USA Empire
Financial Crisis in 20 mins
Matt Taibbi talking: [youtube=http://www.youtube.com/watch?v=17g9v0lPxgs&rel=0] Put these bankers in jail Without trusting the media, we should study everything and should have to take unbiased, free decisions … Financial Crisis in 20 minsRead more
Posted inEconomics / Financial crisis / Movie / USA Empire
Breaking the Bank
[vodpod id=Groupvideo.10927155&w=640&h=360&fv=video%3D1168339502] Breaking the Bank ANNOUNCER: Tonight on FRONTLINE-HUGH McCOLL, Jr., Former CEO, Bank of America: You’re either growing or dying. So we grew. ANNOUNCER: … Breaking the BankRead more
Posted inEconomics / Financial crisis / ToMl
Where is the money
Former New Jersey governor and U.S. senator Jon Corzine testified Tuesday on Capitol Hill about his brief stint at the helm of the failed commodities … Where is the moneyRead more
Posted inEconomics / Financial crisis / Movie
The Warning
This is not new. 150 years ago also people warned about this system. ANNOUNCER: Tonight on FRONTLINE, long before the economic meltdown, the story of … The WarningRead more
Posted inEconomics / Financial crisis / Movie / USA Empire
Inside the Meltdown
[youtube=http://www.youtube.com/watch?v=6VMy4FvYD54&rel=0] Inside the Meltdown ANNOUNCER: On September 18th, 2008, the secretary of the Treasury, Henry Paulson, and the chairman of the Federal Reserve, Ben Bernanke, … Inside the MeltdownRead more
Posted inEconomics / Financial crisis / ToMl
Money machine for those who control capital
Eliot Spitzer talking: Let me begin by saying that I think Senator Sanders was wrong in only one respect: it wasn’t that the Fed was … Money machine for those who control capitalRead more