Goldman Sachs & J.P. Morgan Quietly Buying Up the Media

Every since the Corporations have bought up the media, the very idea of ‘honest journalism’ has been a joke in America. Continue reading

Wall Street’s Love Affair with Ben Bernanke – Mike Whitney

A careful reading of Federal Reserve chairman Ben Bernanke’s op-ed in Tuesday’s Wall Street Journal, shows that Bernanke thinks the economy is in a deflationary spiral that will last for some time. Continue reading

America is now the world’s biggest debtor

The latest Treasury auction of $19 billion of 10-year notes was at a yield of 3.365%. The bid to cover was 3.28 to 1, the highest ever. This was the third of four sales this week totaling $73 billion. Continue reading

What the Big Banks Have Won – Regulatory Capture

(Mike Whitney) – The trouble started 24 months ago, but the origins of the financial crisis are still disputed. The problems did not begin with subprime loans, lax lending standards or shoddy ratings agencies. The meltdown can be traced back to the activities of the big banks and their enablers at the Federal Reserve. Continue reading

Banker CEOs Lied to Congress

This article is about how the CEOs of the largest Banks in the world lied to the U.S. Congress about the extent of their equity compensation bonuses. Their deliberate lies were pre-meditated and were intended to deceive the Congress and the viewing public. Continue reading