EVEN CORRECTING FOR INFLATION, BAILOUT BIGGER THAN MARSHALL PLAN, LOUISIANA PURCHASE, RACE TO THE MOON, S&L CRISIS, KOREAN WAR, NEW DEAL, INVASION OF IRAQ, VIETNAM WAR & NASA COMBINED
Inside Job: Dissecting the 2008 fiscal disaster
Plunder: The Crime of Our Times - Investigative film by Danny Schechter explores how the financial crisis was built on a foundation of criminal activity. Schechter speaks with bankers involved in these activities, respected economists, insider experts, top journalists including Paul Krugman, and onvicted white-collar criminal, Sam Antar, who blows the whistle on intentionally dishonest practices.
Excellent 60 Minutes show on why Wall Streeters don't get prosecuted
Aftershock: The Next Economy and America's Future. Robert Reich explains what's really happened to the American economy
Zombie Economics: How Dead Ideas Still Walk Among Us by John Quiggin. "In Zombie Economics, Professor Quiggin takes aim at a number of dead ideas the Great Moderation; Efficient Markets Hypotheses; Dynamic Stochastic General Equilibrium; Trickle Down Economics; Privatisation. The central thesis underlying Zombie Economics is that the global financial crisis exposed the weaknesses of these ideas, which underpin free market or neo-liberal economics.
Winner Take All Politics: How the super rich got so much richer
Mugging Main Street by Robert Scheer
AMY GOODMAN - Who was tougher on corporate America, President Obama or President Bush?
MATT TAIBBI: Oh, Bush, hands down. And this is an important point to make, because if you go back to the early 2000s, think about all these high-profile cases: Adelphia, Enron, Tyco, WorldCom, Arthur Andersen. All of these companies were swept up by the Bush Justice Department. And whats interesting about this is that you can see a progression. If you go back to the savings and loan crisis in the late '80s, which was an enormous fraud problem, but it paled in comparison to the subprime mortgage crisis, we put about 800 people in jail duringin the aftermath of that crisis. You fast-forward 10 or 15 years to the accounting scandals, like Enron and Adelphia and Tyco, we went after the heads of some of those companies. It wasn't as vigorous as the S&L prosecutions, but we at least did it. At least George Bush recognized the symbolic importance of showing ordinary Americans that justice is blind, right?
Fast-forward again to the next big crisis, and how many people have we gothave we actually put in jail? Zero. And this was a crisis that was much huger in scope than the S&L crisis or the accounting crisis. I mean, it wiped out 40 percent of the worlds wealth, and nobody went to jail, so that were now in a place where we dont even recognize the importance of keeping up appearances when it comes to making things look equal.
Sarah Anderson, institute for Policy Studies - The $26.7 billion Wall Street employees pocketed in bonuses in 2013 would cover the cost of more than doubling the paychecks for all of the 1,085,000 Americans who work full-time at the current federal minimum wage. And boosting their pay would give our economy much more bang for the buck. Thats because low-wage workers tend to spend nearly every dollar they make to meet basic needs, while the wealthy can afford to squirrel away a much greater share of their earnings. ... If the $26.7 billion in Wall Street bonuses had instead gone to minimum wage workers, our economy would be expected to grow by about $32.3 billion more than triple the $10.4 billion boost expected from the Wall Street bonuses.
Fed Up FedUp is a nationwide coalition of citizens who have come together to illuminate issues about the privately owned Federal Reserve Bank system. We demand the issuance of debt free money and investment in our communities, not Wall Street!
We propose that the Federal Reserve be nationalized, effectively severing it's ties with Wall Street and returning the issuance of currency to the Treasury in accordance with the U.S. Constitution.
We are FedUp and we are illuminating that:
The Federal Reserve is
a private banking cartel, it is not part of the Federal Government
as its name implies. It operates in secrecy independent of Congress
or the President.
Business Insider - A series of deaths among finance workers has shaken London and raised more concerns about stress levels of bankers, Ben Wright and David Enrich of The Wall Street Journal report.
On Tuesday morning, a 39-year-old JP Morgan employee died after falling from the roof of the European headquarters of JP Morgan in London. The man, Gabriel Magee, was a vice president in the investment bank's technology department, a source told WSJ.
On Sunday, London police found William Broeksmit, a 58-year-old former senior executive at Deutsche Bank AG, dead in his home after an apparent suicide.
Last week, a U.K.-based communications director at Swiss Re AG died. The cause of death has not been made public.
In August, a 21-year-old Bank of America intern died after reportedly working consecutive all-nighters at the bank's London office.
WSJ notes that last August, the finance chief at Zurich Insurance Group AG committed suicide and left a note blaming the company's chairman for creating an unbearable work environment.
Global Research - Just when the public was numbing itself to the endless stream of financial malfeasance which cost JPMorgan over $30 billion in fines and settlements in just the past 13 months, we learned on January 28 of this year that a happy, healthy 39-year old technology Vice President, Gabriel Magee, was found dead on a 9th level rooftop of the banks 33-story European headquarters building in the Canary Wharf section of London.
The way the news of this tragic and sudden death was stage-managed by highly skilled but invisible hands, turning a demonstrably suspicious incident into a cut-and-dried suicide leap from the rooftop (devoid of eyewitnesses or motivation) had all the hallmarks of a sophisticated covert operation or coverup.
The London Evening Standard newspaper reported the same day that A man plunged to his death from a Canary Wharf tower in front of thousands of horrified commuters today. Who gave that completely fabricated story to the press? Commuters on the street had no view of the body because it was 9 floors up on a rooftop a rooftop that is accessible from a stairwell inside the building, not just via a fall from the roof. Adding to the suspicions, Magee had emailed his girlfriend the evening before telling her he was finishing up and would be home shortly.
Financial Post, Feb 18 - A 33-year-old man jumped to his death from the skyscraper roof of U.S. investment bank JPMorgan Chase & Cos Asia headquarters on Tuesday, police said.
JP Morgan has confirmed that the man who jumped was an employee at the firm with the last name Li. He was a junior investment banker.
Witnesses say that police tried to stop Li from jumping from the 30 story building, 10 floors of which are used by JP Morgan, around 2:00 or 3:00 pm, but to no avail. Related
Last month, a 39-year-old JP Morgan vice president died after falling from the roof of the banks European headquarters in London.
Then on Feb. 3, Ryan Crane, a JPMorgan Chase & Co. employee who in a 14-year career at the New York-based bank rose to executive director of a unit that trades blocks of stocks for clients, died from unknown causes in his Stamford, Connecticut, home at 37 years old. The cause of death will be determined when a toxicology report is completed in about six weeks, a spokeswoman for the states chief medical examiner told Bloomberg.
The series of untimely deaths among finance workers and business leaders over the past three weeks extends beyond JPMorgan.
Heres a look at a few more recent incidents:
On Monday, Jan. 27, Tata Motors managing director Karl Slym died after falling from a hotel room in Bangkok in what police said could be possible suicide.
Slym, 51, had attended a board meeting of Tata Motors Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on the fourth floor, which juts out above lower floors.
On Wednesday, January 29, Russell Investments Chief Economist Mike Dueker was found dead in an apparent suicide. Police said it appears Dueker took his own life by jumping from a ramp near the Tacoma Narrows Bridge in Tacoma, Wash., AP reported. According to Bloomberg, Dueker, 50, had been missing since Jan. 29, and friends and law enforcement had been searching for him.
The week before, a U.K.-based communications director at Swiss Re AG died. The cause of death has not been made public.
Douglas J. Hagmann, Northeast Intelligence Network:
January 11, 2014: David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room, went for a walk on Saturday, January 11, 2014 near his New Jersey home and disappeared without a trace. Mr. Bird was a reporter of the oil and commodity markets which happened to be under investigation by the U.S. Senate Permanent Subcommittee on Investigations for price manipulation.
February 3, 2014
Ryan Henry Crane, 37, was the Executive Director in JPMorgans Global Equities Group. Of particular relevance is that Crane oversaw all of the trade platforms and had close working ties with the now deceased Gabriel Magee of JPMorgans London desk. The ties between Mr. Crane and Mr. Magee are undeniable and outright troublesome. The cause of death has not yet been determined, pending the results of a toxicology report.
February 6, 2014
Richard Talley, 57, was the founder and CEO of American Title, a company he founded in 2001. Talley and his company were under investigation by state insurance regulators at the time of his death. He was found in the garage of his Colorado home by a family member who called authorities. Talley reportedly died from seven or eight self-inflicted wounds from a nail gun fired into his torso and head.
Elizabeth Warren tries to make CNBC less dumb
POGO- : 99% of Booz Allen's revenue comes from government contract
Word: A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain. - Mark Twain
@OccupyWallStNYC: Peaceful protestors arrested: 8,000 . . .Bankers arrested: 0.
67% of New York City voters support Occupy Wall Street's views. . . .87% say it's okay if they protest. . . 72% say (unlike the media) that they understand what the protest is about
As one people, united, we acknowledge the reality:/ that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.
Those on the streets around Wall Street are the physical embodiment of hope. They know that hope has a cost, that it is not easy or comfortable, that it requires self-sacrifice and discomfort and finally faith. They sleep on concrete every night. Their clothes are soiled. They have eaten more bagels and peanut butter than they ever thought possible. They have tasted fear, been beaten, gone to jail, been blinded by pepper spray, cried, hugged each other, laughed, sung, talked too long in general assemblies, seen their chants drift upward to the office towers above them, wondered if it is worth it, if anyone cares, if they will win. But as long as they remain steadfast they point the way out of the corporate labyrinth. This is what it means to be alive. They are the best among us. -Chris Hedges