tag:blogger.com,1999:blog-7982981413278241287.post3285289359158754891..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Banking/Government RacketeeringDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7982981413278241287.post-87676578653185560492012-01-31T12:48:22.954-07:002012-01-31T12:48:22.954-07:00Wall Street Journal Credibility Vaporized - Via MF...Wall Street Journal Credibility Vaporized - Via MF Global <br /><br />Instead of using the word "Theft" or "Misappropriation" of segregated or custodial funds; the Wall Street Journal decided to run a hit piece that money has simply vaporized. "The findings so far suggest that a "significant amount" of the money could have "vaporized" as a result of chaotic trading at MF Global during the week before the company's Oct. 31 bankruptcy filing, said a person close to the investigation." This FALSE statement could not be further from the truth. Culpable parties would like to see the money trail vaporize and that is in fact the effect of this Wall Street Journal Story. By the way this false-flag-story has been parroted on Zerohedge, Alex Jones, New York Post, and the Huffington Post.<br /><br />http://youtu.be/Ds-hb0rHYzkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-57405236403756002562012-01-31T12:44:40.298-07:002012-01-31T12:44:40.298-07:00MF Global Funds “Vaporized”? Another Blow to Inves...MF Global Funds “Vaporized”? Another Blow to Investor Confidence<br /><br /><br />The House Financial Services Committee will continue grilling the ratings agencies this Thursday, but is unlikely to produce anything to assuage investors already skeptical of Wall Street being a den of thieves living off the money of the unsuspecting masses. Breakout welcomed Hank Smith, CIO of equity of Haverford Trust to explore the issue of investor confidence and the MF debacle.<br /><br />"This is really quite a disgrace," says Smith in the attached clip. Speaking specifically of former MF Global head Jon Corzine Smith says, "You're talking about an ex-Goldman (GS) CEO, ex-U.S. Senator, New Jersey Governor taking a company and playing roulette with it."<br /><br />Noting that the "lawyered up" Corzine is likely to lay low for as long as possible, Smith speculates that Corzine was "trying to take a fledgling company and essentially rolled the dice" in an effort to make MF a player in financial circles.<br /><br />"Did Corzine do anything illegal? I'm not sure. Was he bad manager? I'm 100% sure of that," says Smith.<br /><br />The concern here about MF isn't making sure a bad guy gets caught. Criminals go free all the time; even on Wall Street. The issue is one of trust in financial markets. Without trust you can't have markets and it's getting ever more difficult to defend this system against accusations of rampant corruption.<br /><br />http://finance.yahoo.com/blogs/breakout/another-blow-investor-confidence-mf-global-funds-likely-182424343.html<br /><br /><br />Obama-Corzine Were Wrong<br />http://youtu.be/Quag9dp1Nn4Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-39739988136901957372012-01-31T08:33:04.112-07:002012-01-31T08:33:04.112-07:00Keiser Report: Starving the Economy
In the secon...Keiser Report: Starving the Economy<br /><br /> In the second half of the show, Max talks to Ned Naylor-Leyland about the silver, gold, backwardation, manipulation and more. <br /><br />http://youtu.be/XgV3ab4uvjUAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-76030498640855262302012-01-30T21:13:59.137-07:002012-01-30T21:13:59.137-07:00The Impending Undeclared Default Of 5 Major US Ban...The Impending Undeclared Default Of 5 Major US Banks<br /><br />The following interview with Ellis Martin of www.EllisMartinReport.com covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association.<br /><br />This even has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview.<br /><br />http://www.jsmineset.com/2012/01/30/the-impending-undeclared-default-of-5-major-us-banks/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-40924565281228808882012-01-30T20:42:30.926-07:002012-01-30T20:42:30.926-07:00So Why Hasn’t SEC Enforcement Chief Robert Khuzami...So Why Hasn’t SEC Enforcement Chief Robert Khuzami Resigned? SEC Only Now Investigating CDOs Created on his Watch at Deutsche Bank<br /><br /><br /><br />Why is there probably less here than meets the eye? For this investigation to be taken seriously, SEC enforcement chief Robert Khuzami would have to resign. He was the general counsel for the fixed income area at the time when the deals in question were undertaken (contra Der Spiegel, START was a program of synthetic CDOs, not just a single deal, just the Goldman Abacus trade that was the focus of an SEC lawsuit was actually just one of 25 Abacus trades). It would not be sufficient for Khuzami to recuse himself from this investigation. Staff would still be concerned about how the probe might affect their ultimate boss.<br /><br />http://www.nakedcapitalism.com/2012/01/so-why-hasnt-sec-enforcement-chief-robert-khuzami-resigned-sec-only-now-investigating-cdos-created-on-his-watch-at-deutsche-bank.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-3557879280085549942012-01-30T19:02:26.655-07:002012-01-30T19:02:26.655-07:00Michael Hudson, “In America and Europe, Crime has ...Michael Hudson, “In America and Europe, Crime has been Decriminalized”<br /><br />Meanwhile, governments and banks are still in bed together – tangled up in their illicit love affair three years after the financial crisis began. We know the drill and we’re sick of it. We are sick of socializing losses. We are sick of fraudulent accounting. We are sick of hostage crises that force us to give ever more of our future earnings and ever more of our current purchasing power to a group of elitist bankers who don’t have to play by the same rules as the rest of us.<br /><br />http://sgtreport.com/2012/01/michael-hudson-in-america-and-europe-crime-has-been-decriminalized/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-57299067885033403982012-01-30T14:27:59.733-07:002012-01-30T14:27:59.733-07:00I think they ought to be lynched. Screw that whole...I think they ought to be lynched. Screw that whole court thing.<br /><br />ThomasAnonymousnoreply@blogger.com