Feds found Pfizer too big to nail, so they looked the other way on massive fraud

(NaturalNews) – When the world’s largest pharmaceutical company was found to have engaged in a massive illegal marketing campaign, federal prosecutors decided the company was too big to punish — so they let it set up a shell corporation to take the blame.

In 2001, the FDA approved Bextra for the relief of arthritis and menstrual cramps, but did not approve it for more severe surgical pain. Yet Pfizer aggressively promoted the drug to anesthesiologists and surgeons — “anyone that use[d] a scalpel for a living,” in the words of one internal company document. Company employees also told doctors that the FDA had approved Bextra as safe in doses as high as 40 milligrams, whereas the agency had actually only approved doses up to 20 milligrams. Continue reading

Research fraud: Dr. Reuben now claims he had “bipolar disorder” which caused him to fake clinical trials

(NaturalNews) – Defense attorneys for the perpetrator of one of the largest research frauds in history have claimed that their client, Scott S. Reuben, MD, suffered from “serious, but undiagnosed” bipolar disorder that led him to fabricate data and otherwise falsify his research.

Reuben graduated from medical school in 1985, and soon became a widely published and cited pain researcher. By 2009, he had published at least 72 research studies, and his work had led to a major change in the way pain is treated. But a routine audit in 2008 at Baystate Medical Center, where Reuben had worked since 1991, uncovered discrepancies in Reuben’s research. This led to allegations that Reuben had not actually conducted many (or even any) of the studies that his supposedly groundbreaking findings had been based on.

More than 20 of Reuben’s papers have since been retracted. He has pleaded guilty to fabricating data and patients, and has also been accused of adding the names of uninvolved co-authors without their permission. He has agreed to repay $361,932 in research funding to several pharmaceutical companies, and $50,000 in penalties to the U.S. government. Continue reading

NASA Charged in New Climate Fakery: Greenhouse Gas Data Bogus

(ClimateRealists) – Shock new evidence of a NASA scientist faking a fundamental greenhouse gas equation shames beleaguered space administration in new global warming fraud scandal.

Caught in the heat are NASA’s Dr. Judith Curry and a junk science equation by the space agency’s Dr. Gavin Schmidt creating disarray over a contentious Earth energy graph. Continue reading

Climategate

(MensNewsDaily) – Kerry, Lieberman Ready to End Senate Careers

It’s official. Senators John Kerry and Joe Lieberman have signaled the end of their political careers. The two have introduced what they’ve titled the “American Power Act.” Yep, it’s a global warming bill – Cap-n-Trade, Cap-n-Tax, etc. The premise for this bill is that the industrial emissions of Carbon Dioxide (CO2) are causing global temperatures to rise and to prevent global catastrophe the industrialized world must reduce its emissions of CO2. Read More Here

(HockeySchtick) – Potential cost of Kerry-Lieberman Cap & Tax: $69 – $145 Billion per Year

The Kerry-Lieberman Cap & Tax bill establishes a price collar for CO2 emissions with a floor of $12 per metric ton (increasing annually by 3% + inflation) and ceiling of $25 (increasing annually by 5% + inflation). According to the EPA, US emissions of CO2 in 2009 were 5787 million metric tons. Thus, if the legislation is applied to all US emissions, the cost would be $69 Billion (floor) to $145 Billion (ceiling) annually, increasing ~6 to 8+% each year forever. – Source: Hockey Schtick

(AustralianClimateMadness) – IPCC bias exposed yet again

The UK Telegraph reports that Rajendra Pachauri has “defended the use of grey literature” in the IPCC’s reports. As long as it supports the IPCC’s pre-conceived conclusion of man-made warming, that is. Because whenever grey literature challenges the consensus, the knee-jerk response is “but it isn’t peer-reviewed!”. Hands up who can spot the hypocrisy there? Read More Here

(OZClimateSense) – Kiwi Temperature Fraud Exposed!

Quadrant Online reports on the scandalous state of the NZ temperature records which have been used to buttress unprecedented warming claims in Kiwiland. It seems that records dating back over a century show no appreciable warming until seven stations were cherry picked and then “corrected’ by Jim Salinger- instant warming! Read More Here

(AmericanThinker) – Climategate Taxpayer Fraud Investigation Draws Ideological Heat

Virginia Attorney General Ken Cuccinelli has used the power of government to seek documents from the University of Virginia regarding its former professor and Climategate figure of “hockey stick” fame, Michael Mann. Mr. Cuccinelli is investigating whether Professor Mann engaged in fraud to obtain taxpayer money to fund his research. Read More Here

(GlobalWarming) – The Media Is Ignoring Kerry’s Cap-and-Trade – Read More Here

(Suite101) – Climate Change Has No Scientific Consensus

The United Nations Panel on Climate Change (IPCC) has claimed humans are causing catastrophic global warming. But do most climate scientists agree with this? Read More Here

(RevPolitics) – Video: Climate Change – Is CO2 the cause? – View Video Here

Economy

(ZeroHedge) – With Local Gold Inventories Depleted, Panicking German Dealers Stage Run On Krugerrands – Tyler Durden

Last week we noted that several prominent Austrian and German gold dealers had run out of inventory and were no longer transacting with a European population that has suddenly discovered gold religion. As a result, dealers are now focusing procurement efforst outside of Europe, with South Africa receiving the brunt of Europe’s panic for physical precious metals. As the FT reports, “At the Rand refinery in South Africa, the phone has not stopped ringing this week.” Just imagine what will happen when the gold bug goes airborne and jumps across the Atlantic… Read More Here

(Rense) – Our Sympathies To The People Of Greece – It’s “déjà-vu all over again”!!! – Adrian Salbuchi

When Argentinians watch the news today and see the terrible things that are happening in Greece, we cannot but say, “Hey!! This is EXACTLY like Argentina in December 2001 and beginning of 2002!”. Then too, Argentina underwent its worst systemic banking, public debt and monetary collapse which led to social turmoil, mad violence, rioting, and social war. Read More Here

(Bloomberg) – Greece Considering Legal Action Against U.S. Banks for Crisis

Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said. Read More Here

(ChartingStocks) – Federal Deficit Chart (1901 to 2010)

Federal Deficit chart from 1901 to present. It aint pretty! See comparisons of current deficit with that of World War 2 below. See Chart Here

(GlobalResearch) – Financial Fraud. How It Works. The Truth behind the Madoff Investment Scandal

The mass media is not telling the entire truth about the Bernie Madoff scandal and that is contributing to the suffering of the victims of the largest investment scandal in history. Massachusetts School of Law Dean Lawrence Velvel ought to know; he’s one of them.
“Let me tell you the things you don’t know,” said Velvel, who has written extensively on the complex subject in books and blogs and hosted several television programs dealing with the Madoff affair. “The media isn’t telling the whole story because they generally focus only on the very wealthy people who were taken in. But the vast majority of the victims are ordinary people, like you and me, and they are the ones who are now left twisting in the wind. It looks to us like the wealthy are being helped now while the average bloke who put in $500,000 or $750,000 and who needed to use the income in order to live is being hurt.” Read More Here

(InfoClearingHouse) – The Vicious Circle of Debt and Depression – It Is a Class War

Never before has so much debt been imposed on so many people by so few financial operatives—operatives who work from Wall Street, the largest casino in history, and a handful of its junior counterparts around the world, especially Europe. Read More Here

Will the Wall Street Banksters Ever Be Held Accountable? – Danny Schechter

We are all still stuck in the “big Muddy.” No, not the wars of old or even the oil disaster. The mud I am referring to is more like quicksand and it sucks anyone who wants to look at what happened in the financial crisis deeper and deeper into it.

Soon, you are buried in shifting sea of so-called “exotic financial instruments,” and tranches, derivatives, credit default swaps, naked short-selling, etc and so forth, ad fin item. It’s murkier in there than in the oil-infested waters of the Gulf of Mexico.

Stop, my head hurts. Read More Here

Video: More Banking Propaganda Brought to You by a Division of The Royal Bank of Scotland – Continue reading

Video: Food Crisis 2010 and US Dollar Impact

(SicSemperTyrannis) – There has been lots of talk about a coming food crisis due to the massive looting of the nations under the cover of an “economic crisis”. Recently, a report published by The Trumpet has shown food prices spinning out of control.

In the article it shows some of the most startling year-over-year price increases in the U.S. markets: Continue reading

Dead doctors still making millions from Medicare billing

(NaturalNews) – Medicare issued as much as $92 million in payments between 2000 and 2007 for medical procedures or devices ordered under the names of doctors who had already died, according to a 2008 Senate committee report.

Prescriptions written in the names of deceased doctors are only one of the fraudulent techniques that plague the U.S. health care system, which has become a favorite target for organized crime.
“There are so many schemes involved,” said John Gillies, a special agent for the Federal Bureau of Investigation (FBI). “Take any aspect of the healthcare industry and there’s a fraud going on in there right now.” Continue reading

Economy

(CampaignForLiberty) – Is Sovereign Debt Crisis Contained to Subprime? – Peter Schiff

As Americans observe the chaos in Greece, most assume that the strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory. Read More Here

(IsraelFinancialExpert) – The Euro Crisis and the Euro Collapse- A run on the banks is Imminent – Read More Here

(BullionBullsCanada) – The Silver Price Spiral, Part III: tomorrow

In Part I of this series, I introduced readers to the idea that the price of silver could soar to levels which would even surprise most silver-bulls. In Part II of this series, I pointed out that when our “paper inventories” of silver are exposed that this, alone, sets up the silver market for an enormous price-shock. In Part III of this series, I will discuss how silver has perhaps the most-bullish demand fundamentals of any commodity in history Read More Here

(AZFamily) – Video: Hundreds seek to fill vacant positions at Pro’s Ranch Market

Job hunters turned out in the hundreds to fill recently-vacant positions at Pro’s Ranch Market stores, where a federal audit led to the firing of some 300 workers. View Video Here

(CityWire) – Would You Put Up With What is Being Asked of the Greek People?

Want to know exactly why public anger in Greece is running at such explosive levels? Then take a look at the austerity measures currently being debated by the Greek parliament. Read More Here

(Slate) – Shadow Banking: Keeping the Fed Honest – Eliot Spitzer

Why is the Federal Reserve so afraid of openness and accountability? – Read More Here

(GlobalResearch) – Financial Manipulation and Inside Information: Did the Stock Market Drop Or Was It Pushed? – Danny Schechter

The Wall Street Journal headline on the day after we almost lost the market reported that the wise men on the Street were “baffled” by the big drop Thursday. The Financial Times called the event “Shambolic” as if only a shaman can decode it. Read More Here

(BusinessInsider) – Wealth And Inequality In America: The Rich are getting Richer and the Poor are getting Poorer – Gus Lubin – Read More Here

(FinancialTimes) – Plunge in US equities remains a mystery

The day after $1,000bn was briefly wiped off the market value of US equities, traders were still trying to work out what caused share prices to plunge and then rebound so dramatically in a matter of minutes. Read More Here

(ComingDepression) – Unmentioned: USA slaps more tariffs on China

“The U.S. Department of Commerce said yesterday that it has set preliminary anti-dumping duties on refined Chinese and Mexican copper pipe worth hundreds of millions of U.S. dollars.”
Unless we wake up in the West to what has happened with China monopolizing the world manufacturing sector and supplying easy credit to keep buying their products, we’ll end up like Greece too. China is acting on emotion to sustain its country because if the people there are jobless, we stop buying their stuff – they will collapse into civil strife. Read More Here

(Spiegel) – Huge National Debts Could Push Euro Zone into Bankruptcy

Greece is only the beginning. The world’s leading economies have long lived beyond their means, and the financial crisis caused government debt to swell dramatically. Now the bill is coming due, but not all countries will be able to pay it. Read More Here

(HuffingtonPost) – Stock Market Collapse: More Goldman Market Rigging? – Ellen Brown

Goldman and Wall Street reign. Congress appears helpless to discipline the big banks, just as the European Central Bank appears helpless to prevent the collapse of the European Union. . . . Or are they? Read More Here

(Current) – Thomas Jefferson – Banks more Dangerous than Armies

Banking institutions, paper money, and paper speculation are capable of undermining the nation’s stability and could be a danger in time of war. The Constitution does not empower the Congress to establish a National Bank. Rather than trust the nation’s currency to private hands, the circulating medium should be restored to the nation itself to whom it belongs. Read More Here

(TheAtlantic) – Revised Senate Fed Audit Amendment Lacks Bite

Perhaps no other force had as much to do with stabilizing the financial system during the crisis as the Federal Reserve. And no other influence is shrouded in so much mystery. Although its tactics were hugely successful, the Fed has become incredibly controversial due to its secrecy. It has some politicians on both sides of the aisle calling for an audit to enhance transparency. But the Senate amendment — sponsored by Sen. Bernard Sanders (I-VT) — changed significantly on Thursday and lost much of its bite. Read More Here

(AP) – FDIC shuts banks in Fla., Minn., Ariz., Calif.

Regulators on Friday shut down banks in Florida, Minnesota, Arizona and California, bringing the number of U.S. bank failures to 68 this year. Read More Here

(TheComingDepression) – Mortgage fraud in Canada highlights tumbling market

“The Bank of Montreal has been hit by a huge mortgage fraud in Alberta that may cost it $30 million, a report said. The bank is suing hundreds of people in connection with the scam, including lawyers, mortgage brokers and four of its employees, CBC News said, citing legal documents.”
The case may be the largest mortgage fraud in Canadian history, generating about $140 million, with funds channeled as far as Lebanon, India – Read More Here

Video: Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed

Rep. Alan Grayson discussed the Federal Reserve’s purchase of debt from Bear Stearns, including debt from recently foreclosed Red Roof Inn’s.

Video: Patriot Icon Red Beckman Breaks Down The Fall of American Society on Alex Jones TV

In This Segment Alex covers the 1000 point drop of the stock market in real-time

(May 7) – Alex talks with activist Red Beckman, father of the Fully Informed Jury Association and co-author of The Law That Never Was: The Fraud of the 16th Amendment and Personal Income Tax. Continue reading

Climategate

(UnionLeader) – James M. Taylor: Cap and trade — taxing our way to bankruptcy

Senate Majority Leader Harry Reid, D-Nev., has declared (April 28) that he is making global warming the Senate’s top priority. With legislation likely to impose monumental costs on the nation’s economy while accomplishing no real-world climate benefits, this is a fitting conclusion for a Congress intent on bankrupting the nation through sheer clumsiness and ignorance. Read More Here

(BusinessWeek) – U.S. Carbon Limits to ‘Slightly’ Raise Jobless Rate (Update2)

U.S. limits on carbon dioxide and other greenhouse gases that scientists have linked to climate change would raise the unemployment rate, the Congressional Budget Office said today. Read More Here

(OzClimateSense) – Poll:Most Aussies Don’t Believe in Man-made Global Warming

The Sydney Morning Herald reports on a new Galaxy poll showing only 35% of Aussies believe in man-made global warming which is a huge blow to the warming lobby and shows how far out of step the Rudd Government is with the Australian population. Read More Here

(AOLNews) – Late-Season Snow, Frost on the Way

If you thought that all of the winter weather words were packed away in the back of the National Weather Service’s closet, not to be pulled out for months to come, you’re in for a surprise. Two words from the winter glossary — “snow” and “cold” — are going to be mentioned during this first full week of May. Read More Here

(C3Headlines) – Trees of Medieval Warming Period Found Under Swiss Glacier: Scientists Conclude MWP Warmer Than Present

Read here. Map here. Studying the fossil remains of trees located under a Swiss glacier, scientists verify that the treeline was some 200 meters higher than the current one. This indicates that Medieval Warming Period (MWP) was not only warmer, but lasted an extended period.

“Based on radiocarbon dating of the fossil wood remains of eight larch fragments found one meter beneath the surface of the ground at the base of the front of the Piancabella rock glacier,… the authors determined that the wood was formed somewhere between AD 1040 and 1280 …Then, based on this information and “geomorphological, climatological and geophysical observations,” they inferred that “the treeline in the Medieval Warm Period was about 200 meters higher than in the middle of the 20th century, which corresponds to a mean summer temperature as much as 1.2°C warmer than in AD 1950.”…adjusting for warming between 1950 and the present, we calculate
that the MWP was about 0.5°C warmer than the peak warmth of the CWP.”

More climate history postings. – Source: C3 Headlines

(OilPrice) – Climate Change: Money, Politics & Scandals

“With all the hysteria, all the fear, all the phony science, could it be that manmade global warming is the greatest hoax ever perpetrated on the American people? I believe it is.” – US Senator James M Inhofe (Republican – Oklahoma), 28 July 2003.
Such is the rallying cry of the climate change denial movement. Since Senator Inhofe made this statement seven years ago, the drive to discredit climate change and the science that underpins it has enjoyed considerable success, even as awareness about climate change and the threat it poses to humanity has gone mainstream. Read More Here

(Fox) – Video: New Revelations on Climategate – Sean Hannity Continue reading

Economy

(AU) – Housing market will implode, warns Edward Chancellor

AUSTRALIA is in the midst of an unsustainable housing bubble that could burst at any time, warns the man who predicted the global credit bust of 2007. Read More Here

(DailyFinance) – FDIC Shuts Seven More Banks at a Cost of Over $7 Billion

The Federal Deposit Insurance Corporation closed seven more banks on Apr. 30, bringing the total to 64 for the year. The day was particularly expensive, costing the agency just over $7 billion. Read More Here

(Telegraph) – Radical tax on debt put to parties

Households should pay a new tax on every pound of debt they owe, according to one of Britain’s leading economists. Read More Here

(BusinessInsider) – Find Out How Much The Greek Bailout Is Costing YOU – Read More Here

(GlobalResearch) – The Criminalization of Wall Street: Will Any Exec at Goldman Sachs Go to Jail? – Danny Schechter

Will Goldman survive the assault? Will the threat of criminal charges being pursued against the world’s leading investment bank spill over onto others on Wall Street? Is the criminalization of the crisis underway, or is all this just a maneuver? Read More Here

(InfoClearingHouse) – The Subprime Conspiracy: Was There A Plan to Blow Up The Economy? – Mike Whitney

Many people now believe that the financial crisis was not an accident. They think that the Bush administration and the Fed knew what Wall Street was up to and provided their support. This isn’t as far fetched as it sounds. Read More Here

(Reuters) – Morgan Stanley fined $14 mln for hidden block oil trade

U.S. futures regulators fined Morgan Stanley (MS.N) $14 million for failing to report a big block oil trade and fined Moore Capital $25 million for attempting to manipulate palladium and platinum futures. Read More Here

(TheState) – Bartering up as economy down

Bartering, trading goods or services rather than charging cash, is an ancient practice. But it has gained popularity during the economic meltdown that left many short on cash but rich in talent or treasures. Read More Here

(BusinessInsider) – David Kotok: $12.5 Billion Is Just The Start Of The Oil Cleanup Costs, And A Double-Dip Is Now Way More Likely

David Kotok of Cumberland Advisors is out with some very gloomy comments about the economic ramifications of the Deepwater Horizon oil spill, and what it will cost. First he notes the ugliest case scenario:

This spew stoppage takes longer to reach a full closure; the subsequent cleanup may take a decade. The Gulf becomes a damaged sea for a generation. The oil slick leaks beyond the western Florida coast, enters the Gulfstream and reaches the eastern coast of the United States and beyond. Use your imagination for the rest of the damage. Monetary cost is now measured in the many hundreds of billions of dollars.

As for numbers: Read More Here

(WebOfDebt) – Hollywood and The Rigging of Financial Markets – Ellen Brown

Betting on the Gross Profits of Upcoming Movies Read More Here

(HuffingtonPost) – Video: Warren Buffett – Nothing ‘Unique’ About Goldman Sachs Deal Targeted By The SEC

In two interviews this morning, Warren Buffett reiterated his support for Goldman Sachs in the wake of the SEC’s civil fraud charges levied against the bank. Read More Here

Economy

(Bloomberg) – US Households Lost $100,000 From Crisis, Study Says

The financial crisis and recession cost US households an average of about $100,000 in lost wealth and income, according to a study by former Treasury Department economist Phillip Swagel. Read More Here

(InternationalForecaster) – Global Financial Conflagration: The World of Fiat Money is Buckling under the Pressure of Unpayable Debts – Bob Chapman

America and the world face a financial conflagration of immense proportions. The world of fiat money and massive credit is buckling under the pressure of unpayable debt. Each day the safe haven of gold and silver related assets become more attractive. We ask where else do you go for safety? A conflagration is a fire out of control and that is exactly the conditions the world faces today. The inflationary depression has smoldered for 14 months and it will soon accelerate. Read More Here

(IPSNews) – U.S. States Consider Starting Their Own Banks

At least eight U.S. states are considering proposals to start state-run banks in the wake of an economic crisis where many private banks ceased or greatly decreased their lending, literally shrinking the money pool available in state economies. Read More Here

(WashingtonsBlog) – Should a Stock Market Decline Stop the Goldman Prosecutions?

As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.

From the San Francisco Chronicle: Read More Here

(TimesOnline) – Merkel misled Germans

She was initially hailed as the “Iron Chancellor” for holding out against a bailout for the Greeks. But this weekend Angela Merkel was accused of having misled voters after it emerged that Germany would contribute more than €25 billion (£21.7 billion) towards a rescue package. Read More Here

(Uruknet) – Confessions Of A Wall St. Nihilist: Forget About Goldman Sachs, Our Entire Economy Is Built On Fraud – Read More Here

(Telegraph) – Pakistan facing bankruptcy

Pakistan’s foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy. Read More Here

(BitsOfNews) – Pol/Econ: The 401k Scam

“The 401(k) will turn out to be the greatest systemic financial hoax ever perpetrated on an unsuspecting public.” – William Wollman, The Great 401(k) Hoax
Like most people I was told to plow as much money into my 401k pension plan as possible. So like millions of other workers out there, I did as I was told. By 2003 I had accumulated a nice little nest egg…that I couldn’t touch. Then one day I was in a bookstore and I happened across a book called The Coming Generational Storm. What I read about 401k’s that day made me immediately stop all contributions. Read More Here

(Bloomberg) – Carnivores’ Dilemma Widens as Pork Signals Record Meat Prices

U.S. meat prices may rise to records this summer after farmers reduced hog and cattle herds to the smallest sizes in decades, the result of surging feed costs linked to demands for more ethanol. Read More Here

(CatoInstitute) – Video: Advice to Tea Partiers

The Tea Party movement may endure, but its endurance will be a testament to its ability to understand that cutting government means having a long-term focus. John Samples, author of The Struggle to Limit Government and Director of the Cato Institute’s Center for Representative Government, offers an assessment of what Tea Partiers should do if they want to sustain an effort to cut government. Continue reading

Enduring ObamaCare Week #5

With every week that passes, we learn more about ObamaCare and it just gets worse. The recent report on the practical effects of ObamaCare from the Chief Actuary of the Centers for Medicare and Medicaid (CMS) is devastating.

Here are the salient findings of this report: Continue reading

The $10 Trillion Climate Fraud

(Investors) – Cap-And-Trade: While senators froth over Goldman Sachs and derivatives, a climate trading scheme being run out of the Chicago Climate Exchange would make Bernie Madoff blush. Its trail leads to the White House. Continue reading

HRT drugs based on medical fraud

(NaturalNews) – Court documents unsealed as part of a lawsuit against drug giant Pfizer reveal how drug companies used deception and fear to manipulate women into taking dangerous hormone replacement therapy (HRT) drugs. Continue reading

Galbraith: Economists Should Move into Background, and “Criminologists to the Forefront”

(WashingtonsBlog) – University of Texas economics professor James K. Galbraith previously said that fraud caused the financial crisis:

You had fraud in the origination of the mortgages, fraud in the underwriting, fraud in the ratings agencies.

Senator Kaufman said last month: Continue reading

Economy

(Reuters) – SEC order helps maintain AIG bailout mystery – Read More Here

(OpenSecrets) – Hedge Fund Manager in Goldman Sachs Fraud Case is a Major Donor to Both Democrats and Republicans

A New York investor named John A. Paulson is at the heart of the fraud lawsuit filed today by the Securities and Exchange Commission against Goldman Sachs. Read More Here

(CNSNews) – Video: Rep. King – ‘I’m For Abolishing the IRS and the Fed. I. Tax

Rep. Steve King (R-Iowa) said he supports “abolishing” the Internal Revenue Service (IRS) and the federal income tax code. He made his remarks at a pre-tax-day event on Capitol Hill with other Republicans and several conservative activists. Video Link Here

(BBC) – IMF proposes two big new bank taxes to fund bail-outs – Read More Here

(RussiaToday) – Video: Goldman Sachs Fraud Charge – Bonuses for Buttons – View Video Here

(Telegraph) – New speed cameras trap motorists from space

A new type of speed cameras which can use satellites to measure average speed over long distances are being tested in Britain. Read More Here

(WashingtonExaminer) – Is Goldman Obama’s Enron? No, it’s worse

Campaign contributions from Goldman Sachs employees to President Obama are nearly seven times as much as President Bush received from Enron workers, according to numbers on OpenSecrets.org. Read More Here

(AUNews) – Europes air industry at risk of implosion, warns Emirates boss Tim Clark

EUROPE’S aviation industry could face an “implosion” if the volcanic ash cloud grounds flights indefinitely, the president of Emirates airline warned. Read More Here

(CMNNews) – Tier 5 Unemployment Benefits Extension 2010 – A Desired Lifeline for Long Term Unemployed

The Tier 5 benefits extension has yet to be passed, as a political game of back and forth in Washington has ensued. Not only are citizens concerned about the future of their families during this tough time, but many are at the end of their ropes. Read More Here

(Bloomberg) – IMF Says Government Debt Poses Biggest Risk to Growth

The International Monetary Fund cautioned that rising government debt has replaced financial industry stress as the biggest threat to the global economy and cut its estimate for asset writedowns by 19 percent. Read More Here

(DailyCaller) – Regulatory reform debate obscures key fact: Everybody’s getting money from Wall Street

In the often-confusing debate on financial regulatory reform, there are many assertions and accusations but few facts. Yet here are two: Washington is awash in Wall Street money, and both Republicans and Democrats are recipients. Read More Here

(DailyMarkets) – Is America’s Economic Recovery On The Whole Based On A Rotten Sham?

The economic “recovery” we are now witnessing is based on theft, greed and deceit. It’s a giant rip-off, a rotten sham. In this sleazy imitation of a free market economy, liars, cheats and deadbeats are the ones getting rewarded. Read More Here

(RevoltofthePlebs) – Goldman Sachs Eats Its Young

This should be a lesson to all those young, aggressive, upwardly mobile Wall Street wannabes who think they are somehow going to fast track their way into the stratosphere of high finance. Read More Here

(Reuters) – US will act if China does not revalue yuan-lawmaker

A U.S. House of Representatives committee chairman on Monday warned the United States will take action if China does not begin steps in coming months to raise the value of its currency. Read More Here

(BusinessWeek) – Obama’s Former White House Counsel Craig Advising Goldman Sachs

Gregory Craig, President Barack Obama’s former White House counsel, is working as an adviser to Goldman Sachs Group Inc., a spokesman for the New York-based company said. Read More Here

(HumanEvents) – Obama Now Pushing Sneaky Wall Street Bailout

Fresh off his successful (for now) effort to ram through an unpopular healthcare “reform” law, President Barack Obama is now fighting for legislation on Capitol Hill that would set up a permanent fund to bail out companies in the financial sector. Read More Here

(Examiner) – Obama repaying his masters at Goldman Sachs

President Obama is sponsoring a bill by the Senate Banking Committee Chairman Chris Dodd(D-CT) that would reward the Financial Firm Goldman Sachs with up to Billions of Dollars. The bill implements a $50 billion resolution fund to the firms creditors through fees that would come from banks and other businesses, which the bill calls a “nonbank financial company.” Critics are calling it a “backdoor bailouts” to Goldman Sachs who was already payed $12.9 billion in tax dollars through the bailout of AIG. Read More Here

(InternationalForecaster) – Decline in Bank Lending: Business Investment in America is almost at a Standstill – Bob Chapman

One of the reasons for less bank lending is the almost non-existent market for securitized bonds. Investors have so many bad loans on their books that they refuse to commit to further risky investments. This means banks are forced to hold this toxic paper on their books and that inhibits them from lending at higher levels. If the Fed had not purchased $1.7 trillion of this toxic junk many banks would currently be in bankruptcy. Thus, there still are trillions in these bad loans on the books of many financial institutions and they cannot be sold and they are clogging up the system, and there is no end in sight for the problem. Read More Here

(GlobalResearch) – Goldman Sachs and the Mega Banks: Too Big To Obey The Law – Read More Here

(DailyShow) – Video: These F@#king Guys – Goldman Sachs – John Stewart – View Video Here

(OpenSecrets) – Will Obama Return $994,795 In Goldman Sachs Campaign Contributions?

This table lists the top donors to this candidate in the 2008 election cycle. The organizations themselves did not donate , rather the money came from the organization’s PAC, its individual members or employees or owners, and those individuals’ immediate families. Organization totals include subsidiaries and affiliates. Read More Here

(Politico) – Sherman: Dodd Bill Contains Unlimited Bailout Authority Read More Here

(MarketOracle) – America’s Economic Recovery Is a Rotten Sham

More evidence has arisen that the “strategic default” consumer spending thesis is correct – and that the economic recovery on the whole is based on a rotten sham. Read More Here

(WND) – Next bubble: $600 trillion?

Cities, states, universities could sink from monster derivatives meltdown Read More Here

Economy

(RadicalReactionary) – Industrial Wind and the Wall Street Cap and Trade Fraud

Financial scandals are not new. Schemes to leverage risk and cheat the public are mainstays of the mad “Cap and Trade” stratagem, in the ongoing war, against genuine free enterprise. The latest ploy is the industrial wind swindle. Read More Here

(ChicagoTribune) – Illinois bank-owned foreclosures double in first quarter

Almost 15,000 Illinois homeowners lost their homes to foreclosure in the year’s first three months, twice as many as the number that went back to lenders during 2009’s first three months, new figures show. Read More Here

(SeekingAlpha) – Foreclosure Pipeline Is Full to Bursting

According to realtytrac.com, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. Read More Here

(Telegraph) – Goldman Sachs: the bank that thought it ruled the world

Goldman Sachs was ‘doing God’s work’ – but it is now being investigated for fraud. Harry Wilson reports. Read More Here

(HuffingtonPost) – The 10 SCARIEST Charts Of The Recession – Read More Here

(BigGovernment) – White House Caught Altering Stimulus Baseline Projection by 7 Million Jobs

The number of jobs in the U.S. is currently 129.7 million. So to justify the Administration’s current claim of 2.8 million jobs “created or saved” by stimulus, they need to also claim that without that stimulus there would be only 126.9 million jobs. That’s exactly what they do, displayed as the “baseline projection” level in the graphic below from an April 14, 2010 report: Read More Here

(DailyWealth) – One of the World’s Biggest Oil Producers Is Going Bust – Read More Here

(AP) – Recession is ending? Some Americans don’t buy it – Read More Here

(NYTimes) – For Cash-Strapped States, Sin Is Sure Lucrative – Read More Here

(USAWatchDog) – Fraud, It’s Much Bigger Than Goldman Sachs

Goldman Sachs was charged with fraud last week by the Securities and Exchange Commission. The investment bank says the charges are “unfounded in law and fact.” Regulators allege “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party,” SEC Enforcement Director Robert Khuzami said in a statement. Read More Here

(InternationalForecaster) – Don’t Look to Banks To Solve Economic Problems – Bob Chapman

One of the reasons for less bank lending is the almost non-existent market for securitized bonds. Investors have so many bad loans on their books that they refuse to commit to further risky investments. This means banks are forced to hold this toxic paper on their books and that inhibits them from lending at higher levels. Read More Here

(NeitherCorp) – Get Ready, Inflation Is On The Way

In the professional financial world, the term “inflation” has many inferences, consequences, supposed benefits, and definitions. Read More Here

(EconomicCollapse) – If The U.S. Economy Goes Into The Toilet Will It Result In A Complete And Total Collapse Of Society? Read More Here

(BusinessInsider) – Congressmen Urge Dramatic Expansion Of Goldman Investigation, Demand Big Payback To AIG

The easiest reason to think that the Goldman Sachs (GS) news will metastasize is that so many players potentially have an interest in seeing it expand. Read More Here

(InfoClearingHouse) – High Frequency Trading – High-tech Highway Robbery – Michael Whitney

The Securities and Exchange Commission (SEC) knows that High-Frequency Trading (HFT) manipulates the market and bilks investors out of tens of billions of dollars every year. But SEC chairman Mary Schapiro refuses to step in and take action. Instead, she’s concocted an elaborate “information gathering” scheme, that does nothing to address the main problem. Schapiro’s plan–to track large blocks of trades by large institutional investors– is an attempt to placate congress while the big Wall Street HFT traders continue to rake in obscene profits. It achieves nothing, except provide the cover Schapiro needs to avoid doing her job. Read More Here

(InfoClearingHouse) – A Greater Threat Than Terrorism – Outsourcing the American Economy – Paul Craig Roberts

Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” – Read More Here

(GlobalResearch) – Going After Goldman: A Crackdown on Financial Crime or a Kabuki Play Maneuvre to Avoid Bringing Criminal Charges – Danny Schechter

Fox Business News was engrossed in interviewing a blonder than thou reality TV bimbo when the news that the Securities And Exchange Commission was filing fraud charges against Goldman Sachs broke on Friday afternoon. Read More Here

(Fox) – Video: Ron Paul – Fox Business

On Monday, April 19, 2010, Congressman Paul was interviewed on Fox Business’ “Varney & Co.” concerning financial regulatory reform legislation and how the Federal Reserve and our current regulatory system encourage corruption in our economy. Continue reading

Fraud Finally Being Discussed in Polite Company … Now Where Are the Prosecutions?

(WashigntonsBlog) – As I have repeatedly pointed out, the economy cannot stabilize unless the fraud which led to the crisis (see this, this, this and this) is openly discussed.

As Shahien Nasiripour notes today today, Alan Greenspan didn’t think regulators should even pay any attention to fraud: Continue reading

Bernanke: We Must Raise Taxes and Cut Services • Sane People: No, We Need to Stop Endless Bail Outs, Imperial Adventures and Fraudulent Schemes

(WashingtonsBlog) – This week, both Bernanke and Volcker called for tax increases. Bernanke has also raised the possibility of reductions in entitlements such as Medicare and Social Security. Continue reading

Economy

(AFP) – World Stocks Drop as Greek Debt Default Nears

Financial markets turned on Greece again on Thursday, driving up its borrowing costs to record levels on rising doubt that the EU will provide a debt rescue, and the euro plunged further. Read More Here

(WSWS) – Unemployment in America: No Economic Recovery for the Working Class

Last Friday’s US unemployment report, which showed a net payroll gain of 162,000 jobs in March, has been seized on by the Obama administration and much of the media as confirmation of official claims that the recession is over and a recovery in the jobs market has begun. Read More Here

(AP) – Nearly half of US households escape fed income tax – Read More Here

(Reuters) – Volcker: Taxes likely to rise eventually to tame deficit – Read More Here

(Telegraph) – Sovereign debt crisis at ‘boiling point’, warns Bank for International Settlements

The Bank for International Settlements does not mince words. Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britain, and most of Western Europe, threatening to set off a bond crisis at the heart of the global economy. Read More Here

(HuffingtonPost) – Unemployment: More Than 3 Million Americans Jobless For Longer Than A Year, An All-Time High (CHARTS)

That represents 23 percent of the roughly 14.8 million Americans out of work and looking for a job — a post-World War II high. For those 3.4 million Americans, the consequences from such a long time out of work — a cost of the Great Recession — can be calamitous. Read More Here

(AFP) – Destitute and desperate, Icelanders opt for exile Read More Here

(Bloomberg) – China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says (Update1)

China’s property market is a bubble that may burst by as early as this year, according to hedge fund manager James Chanos. Read More Here

(CommodityOnline) – How much gold reserves really exist in US vaults? Read More Here

(NTDTV) – Video: Japan Airlines to Cut Third of Workforce

Japan Airlines plans to reduce its workforce by a third within the fiscal year to lower labor costs by over $860 million a year. View Video Here

(C4L) – Stimulus or Stealing From Us?

The American Recovery and Reinvestment Act or “Stimulus Package,” is a bill that was passed by the U.S. Congress and later signed into law by President Obama on February 17, 2009. (Gandel 1) It is a bill that by most estimates will cost at least $787 billion dollars. The legislation was supposed to stimulate our struggling economy and promised to create between 3 and 4 million jobs in a one year period. Also included in this sweeping legislation is money to modernize roads, improve our public school systems, and lower health care costs. (Obey 1) Read More Here

(C4L) – Brace Yourself for Obamacare Taxes

Now that President Obama’s health-insurance overhaul has become law, we can brace ourselves for the new taxes. What new taxes? Aren’t they only on the “rich” and on large companies? Read More Here

Karzai steps up attack against US war policy

‘The tensions between the West and Karzai exposed publicly last Thursday, when he accused “foreigners” of perpetrating fraud in the August presidential elections. ‘
(PressTV) – Afghan President Hamid karzai says there will be no military operation in the southern province of Kandahar unless the Afghan people support it. Continue reading

Video: Andrew Maguire finally exposes systemic fraud by CFTC & JPMorgan

I don’t ask for my videos to be forwarded and spread often, but this is one that really needs to get out there. This is the only video with all the currently known information that I know of. Thanks for rating, commenting, favouriting, and sharing this extremely important info! Continue reading

Economy

(ChristianScienceMonitor) – Economist tallies swelling cost of Israel to US

Since 1973, Israel has cost the United States about $1.6 trillion. If divided by today’s population, that is more than $5,700 per person. Read More Here

(Bloomberg) – Geithner Delays Currency Report, Urges Flexible Yuan for China

U.S. Treasury Secretary Timothy F. Geithner delayed a scheduled April 15 report to Congress on exchange-rate policies, sidestepping a decision on whether to accuse China of manipulating the value of the yuan. Read More Here

(MailOnline) – Cadbury staff given ultimatum: Opt out of final salary pension or pay is suspended for three years – Read More Here

(NCoal) – Florida Teacher Pensions To Be Reduced – Read More Here

(NBCWashington) – Layoffs Ahead for DC Workers

D.C. Mayor Adrian Fenty’s spending plan includes hundreds of millions of dollars in cuts. He presented his 2011 budget proposal to the City Council Thursday morning. D.C. workers should brace for major layoffs. Read More Here

(DailyBell) – The Ethics of Tax Resistance – Read More Here

(DailyBail) – Bernanke Feels The Heat: Maiden Lane Asset Disclosure Reveals Truth In Bailout Farce – Read More Here

(Vlog) – Video: the GOVERNMENT is Bankrupting this Country… – View Video Here

(Infowars) – Video: Bob Chapman’s Friday Economic Report on The Alex Jones Show – Part 1 HerePart 2 Here

(NaturalNews) – Bodies Stack Up in California Morgues as Families Can’t Afford Burials

Hard economic times have made the cost of cremation or burial prohibitive for many people, leading them to abandon the bodies of their loved ones to be disposed of in mass graves by the state. Read More Here

(GlobalResearch) – Largest Money Transfer in Recorded History: $4.6 Trillion Spent on the Bank Bailout to Date

TALLY SHOWS THAT THE FEDERAL RESERVE IS THE REAL SOURCE OF BAILOUT FUNDS – Read More Here

(GlobalResearch) – Let’s Put an End to Public Debt Blackmail! – Read More Here

(GlobalResearch) – The Corrupt Practices of Financial Manipulation: The Meaning of the Greek Economic Crisis

Many things have been said about the Greek crisis in recent weeks, most of them obnoxious and confusing [1]. These stories result in an argument that is aimed for export to all developed countries. The media has extensively incorporated the official message, which could be divided into 5 chapters: Read More Here

(GlobalResearch) – More Toxic Paper: New Subprime Bonanza in the Housing Market – Mike Whitney

Another Stealth Bailout for Pudgy Banks – Read More Here

(MediaChannel) – As The Crisis Deepens, More Attention Is Being Paid To Financial Fraud

The “F Word” (for fraud) is back in polite conversation on Wall Street. Fraud and financial crime are slowly becoming part of the debate over what must be done to restore confidence in what has so plainly been a confidence game.

Drilling for oil has knocked financial reform out of the headlines, but among commentators, a concern with crime and the absence of punishment is being raised again. Read More Here

(RollingStone) – Looting Main Street – Matt Taibi

How the nation’s biggest banks are ripping off American cities with the same predatory deals that brought down Greece Read More Here

(NYTimes) – Pay Garnishments Rise as Debtors Fall Behind

When the bank sued Leann Weaver for not paying her credit card balance, her reaction was typical for someone in that situation. Personal and financial setbacks weighed her down, and she knew she owed the $2,470. So she never went to court to defend herself. Read More Here

Video: Midas Resources: National Debt – Continue reading

MSM: Pfizer to pay $142M for drug fraud

‘Data revealed in a string of U.S. lawsuits indicates the drug was promoted by the drug company as a treatment for pain, migraines and bipolar disorder — even though it wasn’t effective in treating these conditions and was actually toxic in certain cases, according to the Therapautics Initiative, an independent drug research group at the University of British Columbia.’
(CBC) – Pharmaceutical giant Pfizer has been ordered to pay $142 million US in damages for fraudulently marketing gabapentin, an anti-seizure drug marketed under the name Neurontin. Continue reading

MSM: Climategate – the parliamentary cover-up

(LondonTelegraph) – Climategate exposed the greatest scandal in the history of modern science but you’re never going to hear this from any of the official investigations. Andrew Orlowski at The Register has uncovered why. Continue reading

Video: They Cooked The Books – The Video That Will Put Geithner Behind Bars – Mike Whitney

(InfoClearingHouse) – You gotta see this! If this doesn’t convince you that the Timothy Geithner knew about the securities shenanigans that were going on at Lehman, than I don’t know what will.

Keep in mind, that Geithner ran Lehman through 3 “stress tests” prior to bankruptcy; all of which Lehman failed, and yet, nothing was done. Anton R. Valukas–the examiner who wrote the 2,200 page investigative-report which was released on Thursday– has provided plenty of information detailing Lehman’s “materially misleading” accounting and “actionable balance sheet manipulation.”

In other words, they cooked the books. Continue reading

NY Fed Under Geithner Implicated in Lehman Accounting Fraud Allegation

(NakedCapitalism) – Quite a few observers, including this blogger, have been stunned and frustrated at the refusal to investigate what was almost certain accounting fraud at Lehman. Despite the bankruptcy administrator’s effort to blame the gaping hole in Lehman’s balance sheet on its disorderly collapse, the idea that the firm, which was by its own accounts solvent, would suddenly spring a roughly $130+ billion hole in its $660 balance sheet, is simply implausible on its face. Indeed, it was such common knowledge in the Lehman flailing about period that Lehman’s accounts were sus that Hank Paulson’s recent book mentions repeatedly that Lehman’s valuations were phony as if it were no big deal. Continue reading

Huffington Post Kills Jesse Ventura’s Piece On 9/11

(PrisonPlanet) – As I noted in an item yesterday, Jesse Ventura has a new book out, co-authored with Dick Russell, called American Conspiracies, which includes an excellent chapter on election fraud and its connection to the likely murder of Mike Connell.
Well, this morning, Jesse had a front-page piece on 9/11 up at HuffPost: a front-page piece that quickly slipped off that front page–and then completely disappeared. Continue reading

The GOP’s “small government” tea party fraud

(Salon) – There’s a major political fraud underway:  the GOP is once again donning their libertarian, limited-government masks in order to re-invent itself and, more important, to co-opt the energy and passion of the Ron-Paul-faction that spawned and sustains the ”tea party” movement.  The Party that spat contempt at Paul during the Bush years and was diametrically opposed to most of his platform now pretends to share his views. Continue reading

Climategate

(SteveWatson) – Climategate Investigation Whitewash: Third Panel Member Exposed As Warmist

The so called “independent” investigation into the climategate emails scandal has descended into farce before it is barely off the ground as a third member of the six man panel has been revealed to hold strong views on human induced climate change. Read More Here

(OrangeCountyRegister) – Guide To The Climate Scandals

It has been tough to keep up with all the bad news for global warming alarmists. We’re on the edge of our chair, waiting for the next shoe to drop. This has been an Imelda Marcos kind of season for shoe-dropping about global warming. Read More Here

(LondonTelegraph) – UN global warming data skewed by heat from planes and buildings

Weather stations which produced data pointing towards man-made global warming may have been compromised by local conditions, a new report suggests. Read More Here

(LondonTimes) – UN must investigate warming ‘bias’, says former climate chief

The UN body that advises world leaders on climate change must investigate an apparent bias in its report that resulted in several exaggerations of the impact of global warming, according to its former chairman. Read More Here

(Video) – Lawmaker: Climate Change Just Ruse to Control Population View Video Here

(DailyExpress) – Climate Change Industry is Now in Deep Trouble

ONE tries to be forbearing but honestly, the science behind the “global warming” campaign is beginning to look like roadkill. Read More Here

(DailyExpress) – The Great Climate Change Retreat

There has been no global warming for 15 years, a key scientist admitted yesterday in a major U-turn. Read More Here

(OCRegister) – From the Register’s Opinion Page: What to say to a global warming advocate

It has been tough to keep up with all the bad news for global warming alarmists. We’re on the edge of our chair, waiting for the next shoe to drop. This has been an Imelda Marcos kind of season for shoe-dropping about global warming. Read More Here

(Telegraph) – British Council gets in on the climate act

Why is the British Council spending taxpayers’ money on the recruiting of 100,000 “international climate champions”, asks Christopher Booker Read More Here

(TheScotsman) – Senior Scots scientist in climate probe row

AN EMINENT Scottish scientist is facing calls to resign from the “climategate” inquiry, amid concerns over his impartiality Read More Here

How U.S. states cook their books

(TheComingDepression) – Here’s a trick used by bankers, states trying to add debt without getting voter approval and companies like Enron or Worldcom — and we know how that worked out (they both went bankrupt and their executives charged with fraud). This from the New York State Comptroller (hat tip to our of our viewers): Read More Here

Video: USA Has A History Of Attacking Themselves To Go To War!

This film exposes how every major war in US history was based on a complete fraud with video of insiders themselves admitting it. Battleship Maine, Sinking of the Lusitania, Pearl Harbor, Gulf of Tonkin, USS Liberty (not covered in this clip), 911 … The film is “The New American Century”. Continue reading

Analysis Finds Little Evidence Iranian Public Sees Government as Illegitimate

Indications of fraud in the June 12 Iranian presidential election, together with large-scale street demonstrations, have led to claims that Mahmoud Ahmadinejad did not actually win the election, and that the majority of Iranians perceive their government as illegitimate and favor regime change.

An analysis of multiple polls of the Iranian public from three different sources finds little evidence to support such conclusions. Read More Here

MSM: Ex-Bank of America chief Ken Lewis charged with fraud

(CNN) – New York Attorney General Andrew Cuomo unveiled a major legal action against senior Bank of America executives Thursday over its controversial purchase of Merrill Lynch, including bringing civil charges against its former CEO Ken Lewis. Continue reading