Wall Street Oligarchy and American Empire

(Infowars) – Citibank’s recent announcement that it may require seven days notice prior to honoring withdrawals is just the latest small brushstroke on a much larger canvas being painted by the banking system and the US government.  The broader picture is shocking for those watching as it comes into view.  Americans must heed Martin Luther King’s warning, “today our very survival depends on our ability to stay awake.”

Citibank Controversy Puts Dubious FDIC Guarantee Back In The Spotlight

(PaulWatson) – The recent controversy surrounding Citibank’s advisory to its customers reserving the right to impose a 7 day restriction on withdrawals from their accounts is a stark reminder of the vulnerability of the fractional reserve banking system and the FDIC’s shaky guarantee that it can insure deposits in the event of a bank run.

MSM: Fund-Raiser Is Accused of $74 Million Fraud

(NYTimes) – A wealthy New York investor and prominent Democratic Party fund-raiser with ties to President Obama and Hillary Rodham Clinton was arrested on Tuesday and accused of lying about his assets to obtain a $74 million loan from Citibank.

Big Pharma Bribes Doctors to Hook Your Kids on Drugs

(AlterNet) – Americans must start to question the legitimacy of the exploitative pharmaceutical-industrial complex and the predatory people atop them.

Billionaire Madoff tied to intelligence agencies

The failure of federal prosecutors to bring conspiracy charges against Bernard Madoff, the mega-billion dollar Ponzi scammer who pleaded guilty March 12 to eleven counts of fraud and other crimes in U.S. District Court in Manhattan, is providing cover to those who pulled the strings on Madoff’s illegal operation.

Heads In The Guillotine?

We have had a decade-long litany of malfeasance and fraud within Fannie and Freddie – for the second time – but just like the last time, the worst outcome has been some executive terminations. Oh, and $5 trillion of securitized debt sitting around like a ticking nuclear weapon, looking for a good time and place to blow up.

Grand Theft Auto: The Bankruptcy of General Motors

They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day.

Bank stress test results leaked

The results are out. The US Treasury continues to lie about it. And the banking system is in total collapse.

The Financial Sector: “A House Burning Down”

Ben Bernanke’s False Analogy

MSM: Too big to fail? 5 biggest banks are ‘dead men walking’

WASHINGTON – America’s five largest banks, which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, their latest financial reports show.

Obamavilles In America

In the depression of the1890s, the term for a breadline was a Cleveland Cafe, named after the Wall Street puppet who turned the government over to JP Morgan, London, and their cross of gold.

Orwellian Doublethink: “Nationalize the banks.” “Free Markets.”

The language of deception

MSM: U.S. Eyes Large Stake in Citi

Taxpayers Could Own Up to 40% of Bank’s Common Stock, Diluting Value of Shares

Taiwan falls into recession

Taiwan has tumbled into recession, suffering a record annual fall in output at the end of last year to become east Asia’s worst-performing economy.

The Recovery Plan From Hell – What Wall Street Wants

February 11, 2009 “Counterpunch” — – Tuesday’s announcement of the Obama-Geithner recovery plan is basically an extension of the Bush-Paulson plan – yet more giveaways to financial insiders, with a view to concentrating the U.S. banking system into a cartel of just a few large banks. This is not altogether bad news for the still relatively healthy part of the banking system (healthy in the sense of still avoiding negative equity). Smaller, less troubled banks will be bought out by the large “troubled” ones, to the personal financial benefit of their stockholders. This cannot solve today’s financial problem: the fact that the debt overhead far exceeds the economy’s ability to pay. In fact, it will spread the distortions that the large banks have introduced, until the entire system presumably looks like Citibank, Bank of America, JP Morgan Chase and Wells Fargo.

Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo

An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim.

“The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock,” wrote Tom Fitzpatrick, Citibank’s chief technical strategist.

MSM: Bought Before It Could Fail? Citibank Acquires Wachovia

On the heels of JPMorgan’s purchase of Washington Mutual –- the largest bank failure in U.S. history -–a new bank merger has been announced. This time, though, the Federal Deposit Insurance Corporation assures us that a bank failure wasn’t part of the mix.