Wednesday
Sep072011
Entries by DailyBail (6219)
Sep 7, 2011 at 1:59 PMWednesday
Sep072011
Big Banks To Declare War On Fannie, Freddie Over Lawsuit
A rumor published by Politico yesterday about big banks declaring war on the FHFA and their Democratic supporters:
- BANKS CONSIDER TOTAL WAR - M.M. hears that instead of contemplating settlements of the FHFA mortgage-backed securities lawsuits, big banks and their attorneys are more likely to pursue what insiders describe as an all out war strategy in which they go after Fannie Mae and Freddie Mac (and by default their Democratic supporters) in a scorched earth strategy to show the GSE’s took an active role in creating the very securities they are now suing the banks over.
Wednesday
Sep072011
Wednesday
Sep072011
Matt Taibbi With Keith Olbermann: SEC Policy Of Document Shredding Covers Up Wall Street Crimes
Video - Olbermann with Matt Taibbi - Aug. 20, 2011
Excellent discussion. Runs 4 minutes.
Here's the article from Taibbi that is referenced above:
Taibbi: How The SEC Covers Up Wall Street Crimes
Wednesday
Sep072011
NY Attorney General Facing Intense Pressure From Obama Administration On Bank Foreclosure Fraud Deal: "Wall Street Is Our Main Street And We Have To Make Sure We Are Doing Everything We Can To SUPPORT Them"
As DB readers know, NY Attorney General Eric Schneiderman, along with AGs Beau Biden of Delaware and Catherine Cortez of Nevada, have been opposed to the nationwide foreclosure fraud settlement being led by Iowa AG Tom Miller (read: Once Upon A Time In Foreclosure Fraud), who as Matt Taibbi pointed out has not-so-conincidentally increased his campaign contributions from the finance sector this year by a factor of 88!
Tuesday
Sep062011
Wendy Gramm, Judge Bruce Levine & Criminal Behavior At The CFTC - Attention Eric Holder, Federal Prosecutors
If you haven't heard this story yet, be prepared for a new realm of outrage. When you read this keep in mind that the CFTC has only 2 judges.
Tuesday
Sep062011
Las Vegas Real Estate Crash Report - Episode #54 Development At Lake Las Vegas
Another troubling data point for the housing bulls.
Tuesday
Sep062011
Roubini Warns - Sell Stocks, Go To Cash, New Crisis Is Coming, Citigroup VP Pleads Guilty To Bank Fraud, USPS Bankruptcy Looms, Operation Twist Begins (15 LINKS)
Just getting started on presenting links from the past few days. More to come.
- Obama Considers Tax Cuts Beyond Republican Plans - Bloomberg
- What Did Fannie, Freddie Know? - WSJ
- Roubini Warns - Sell Stocks, Go To Cash, New Crisis Is Coming - Bloomberg
- 10-year yields hit RECORD low - Traders begin their own ‘Operation Twist’ before Fed
- Swiss Currency Intervention Will Eventually Fail - Bruce Krasting
- Gold tops $1,900 intraday, but finishes lower
- Citigroup VP Pleads Guilty to Bank Fraud - WSJ
- Will Germany Walk Away from The European Union? - Todd Harrison
- Deutsche Bank CEO Just Gave A Terrifying Speech In Frankfurt
- SocGen Shady Deals Eyed by Libya - WSJ
- German endgame for Euro Monetary Union draws closer - Ambrose Evans
- Swiss estimated to have $210 billion currency war chest
- Postal Service Is Nearing Default as Losses Mount - NYT
- California Employment at Record Low 55.4% - Bloomberg
- The Problem With Your Bond Fund - How to go cheap, or go it alone - Smart Money
- Smallest Ever Functioning Electric Motor Made from a SINGLE Molecule - BBC
Tuesday
Sep062011
WIKILEAKS: Chinese Money Manager Put Pressure On Geithner To Approve Investment In Morgan Stanley
Reuters Video - WikiLeaks cables show China used its position as America's largest creditor to apply pressure on the U.S. to approve a Chinese investment in Morgan Stanley at the height of the financial crisis. Geithner works quickly.
The deal was announced the following day.