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OPINION AND EDITORIAL
YOU’RE IN GOOD HANDS WITH GOLDMAN SACHS

April 29, 2010

Meet one of the honchos at one of the monster “too big to fail” companies that helped push America (according to however many thousands of sources you’d care to site) right off the economic cliff and into the Great Recession.

How would you like to buy a used car from this guy?

CLICK READ MORE TO BRING UP THE VIDEO PLAYER


Read more...
WALL STREET: AN ANTI-AMERICAN GANG ACTIVITY (PART 2)

April 21, 2010

By Mike Whitney

"High Frequency" Financial Trading = High-tech Highway Robbery on Wall Street


The Securities and Exchange Commission (SEC) knows that High-Frequency Trading (HFT) manipulates the market and bilks investors out of tens of billions of dollars every year. But SEC chairman Mary Schapiro refuses to step in and take action.

Instead, she's concocted an elaborate "information gathering" scheme, that does nothing to address the main problem.

Schapiro's plan -- to track large blocks of trades by large institutional investors -- is an attempt to placate congress while the big Wall Street HFT traders continue to rake in obscene profits. It achieves nothing, except provide the cover Schapiro needs to avoid doing her job.


Read more...
WALL STREET: AN ANTI-AMERICAN GANG ACTIVITY (PART 1)

April 20, 2010

Roger Lowenstein, author of “The End of Wall Street” and a contributor to the New York Times Magazine, had an interesting Op-Ed piece in the Times April 18 called “Looters In Loafers.”

He brought up a subject that few of us give any thought to – particularly our bought and paid for lawmakers back in the other Washington who are huddled these days with their Wall Street masters desperately trying to kill any kind of serious reform of that out of control Gucci Gang on Wall Street.


Read more...
NO COUNTRY FOR OLD MEN: The road ahead for America's middle class & struggling lower classes may be rocky

April 17, 2010

It is often instructive to look in the rear view mirror now and then to help figure out how we arrived at the spot in the road upon which we now chug along, and also to determine where we are headed.

Keep in mind when you read the snatches of news headlines below - all from the early 2000's up to about 2007 – these harbingers of dark clouds ahead came before America's economy and financial markets (not to mention the housing market) essentially collapsed into (essentially) another great depression in September 2008 under the Bush administration watch.


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TO POPE BENEDICT: DO EVERYONE A FAVOR AND RESIGN

April 03, 2010

Pope Benedict should do everyone a favor and resign. By hanging on, he's just making matters worse. Who does he think he's fooling anyway?

Everyone knows that he was involved in the sex-scandal cover up. Does he really think that a few papal apologies will make a difference?

He was in charge and knew everything that was going on. That makes him responsible. His best option now is to "man up" and face the consequences. He needs to arrange a press conference, tell the truth, and resign. End of story.


Read more...
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Today's Cartoon
By Dan Rosandich
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