This article was created by editing down and rewording the articles that are linked throughout—Ed In 33 of 35 cases the federal government spent more on private contractors than on public employees for the same services. Bad Business: Billions of Taxpayer Dollars Wasted on Hiring Contractors * Health Care: Markups of 100%….1,000%….100,000% In his most […]
Major Banks Fined $4.3 Billion over Exchange Market Manipulation (Nov. 13) — Six of the world’s largest banks have been fined a collective $4.3 billion for manipulating the foreign exchange market. HSBC, Royal Bank of Scotland, JPMorgan Chase, Citigroup, UBS AG and Bank of America were found to be negligent in traders’ collusion around global […]
THE REAL NEWS AXT: “This is just the first step at looking at this industry. We have been actively organizing in car washes and supermarkets and in fast food restaurants, but we’ve just turned our attention to the banking industry to see what was going on with workers there and were shocked to discover that […]
THE REAL NEWS BLACK: “The United States government, now with the endorsement of the Justice Department, has said that after investigation it found that essentially every large bank involved in the secondary market sales to Fannie and Freddie committed fraud […] and intentional crime. […] There were three of these epidemics of mortgage fraud that […]
THE REAL NEWS Bankers are not omnipotent. There here are whole nations unmoved by fraudulent bankster attempts to reestablish control over their political system. This is useful to consider for those of us beleaguered by a system still in the stranglehold of corrupt and greedy masters of deception—Ed
OCCUPIED TUCSON CITIZEN That HSBC bank officials knowingly helped Mexican drug lords launder their money is bad enough. That the Obama administration decided not to file criminal charges against the responsible bank executives and instead only fined the bank is just as egregious. But what might be worst of all, since we have already come […]
THE REAL NEWS Even though many on Wall St. understand need for regulation, most want a free-for-all and damn the consequences.