Peter Schiff: Our economy. Get ready.

These are excerpts from Peter Schiff’s talk that you can read in their entirety here.   The video of Schiff with Jon Stewart embedded in the article is an excellent summary of his whole talk which is off the cuff and a bit scattered. Here are the excerpts.   Read, understand, and get ready. “So, the problem, and the [...]

Some Ask but the Fed won’t tell

Even when the occassional Representative asks, the privately held and controlled Federal Reserve won’t tell.   Watch this:    testimony      There is no Congressional oversight over this Creature from Jekyll Island.

http://www.salon.com/opinion/greenwald/

Last night, former Reagan-era S&L regulator and current University of Missouri Professor Bill Black was on Bill Moyers’ Journal and detailed the magnitude of what he called the on-going massive fraud, the role Tim Geithner played in it before being promoted to Treasury Secretary (where he continues to abet it), and — most amazingly of all — the crusade led by Alan Greenspan, former Goldman CEO Robert Rubin (Geithner’s mentor) and Larry Summers in the late 1990s to block the efforts of top regulators (especially Brooksley Born, head of the Commodities Futures Trading Commission) to regulate the exact financial derivatives market that became the principal cause of the global financial crisis.

Bonuses are bad, but where did the billions go?

The focus on AIG surrounds bonus money paid with public funds.  Lost in this discussion is the even more outrageous revelation that 10s of billions of public money are going in the front door at AIG, and then straight out the back door to banks that have already received TARP I money.   ”The Wall Street Journal reported on [...]