In the wake of the world economic crisis of 2008 much has been made, both by economists and the American government, of the need for the rest of the world to take up the “burden” of consuming that the United States had been carrying until then. As Barack Obama stated shortly before the 2009 Group …
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 …
Read morePrivatized Services Cost Taxpayers More than Government Funded Services
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 …
Read moreBankster Digest: Shenanigans of the 0.01% (updated)
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 …