Morgan Stanley's $3B Japan Default, How Goldman Trades (Illegally) On Client Info, WaMu CEO Lied To Congress, JPMorgan Did Cost-Benefit On Madoff Ponzi (Links)

• Red Flags Popping Up All Over Bank of America
• How Goldman Trades (Illegally) on Client Info
• Well Aware Of Bubble, WaMu Boosted Bad Loans - Must Read
• Lynn Tilton: The Wildest Woman in American Business
• Here's the Setup for the Taxpayer Con of the Decade
• Federal Reserve: They Broke The Law
• Did Lloyd Blankfein Misunderstand Goldman's Mortgage Bets?
• Dick Durbin’s bodyslam of Jamie Dimon
• Oops: JP Morgan Liability on Alabama?
• Merrill dangles rich signing bonuses to top brokers
• Goldman Sachs: We’re Going ‘Neutral’ on Financials, Here’s Why…
• Student Loans and For Profit Colleges - The Diploma Mill Profiteers
• How Goldman Concealed Quarter-End Risk From Shareholders
• Oliver Stone: Don't Betray Us, Barack - End the War Empire
• Bankers Running Rings Around Regulators
• Rep. Jesse Jackson Jr. Blames The iPad For Killing Jobs
• Goldman Sachs Misled Congress After Duping Clients Over CDOs, Levin Says
• Diving in Search of the ‘Great Vampire Squid’ - NYT Review Of William Cohan's New Book On Goldman Sachs
• Morgan Stanley fund fails to repay debt on Tokyo property - Largest Default In Japanese History
• JPMorgan Did A Cost-Benefit to See If It Was Worth Keeping a Ponzi Scheme As a Client

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Housing Rebound May Never Happen, Foreclosure Wastelands, Ron Paul 2012, Wrist Slap For Banks, And The 6 Most Ridiculous Things Ever Taxed (Links)

• Report: Big profits drove faulty ratings at Moody's, S&P
• SEC Warns Former JPMorgan Exec It Plans to Sue Over Magnetar Deal
• BofA CEO: Housing Rebound May Never Happen
• Chinese Real Estate Falling Fast
• Simon Johnson Says U.S. Banks Need More Equity Financing
• Charges against former Iceland PM expected soon
• Satellite Tour Of America's Foreclosure Wastelands
• OCC Wrist Slap Of Eight Banks for Unsound Foreclosure Practices
• The 6 Most Ridiculous Things Ever Taxed
• Kaptur introduces Glass-Steagall Lite
• Ron Paul edges toward 2012 presidential bid
• CBO cuts budget cuts down to real size - NPR
• Geithner Flashback: Goldman Would Have Failed
• MIT - Billion Prices Project
• Calculator - How Much Did You Pay For War This Year?
• Taxpayer Calculator: U.S. Costs in Libya
• America Is a Failed State with a Dual Justice System - Washington's Blog

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SF Fed On Interest Rate Risk, Gold Hits Record, 3-Card Monte Bernanke, Citigroup Profits Fall, Fed Charts, Ron Paul Wins Another GOP Presidential Poll (Links)

Links are inside.

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Join The Lawsuit - Sue The FED

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Blankfein Reaps $19 Million As Bonuses Return To Goldman

• Get the details from Bloomberg

April 4 (Bloomberg) -- Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd Blankfein’s $19 million compensation for 2010, almost double the prior year, ended two years in which the firm’s top executives gave up cash bonuses. Blankfein’s pay included $5.4 million in cash, $12.6 million in restricted stock, a $600,000 salary and about $464,000 in other benefits, a proxy statement from the New York-based firm showed.

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Dylan Ratigan Exposes The Stealth Goldman Sachs Bailout: "Robbing And Thieving The American Sucker - Once Again"

This is one of the best clips from Ratigan we've posted.  We are republishing it in honor of Goldman's taxpayer-supported quarterly profits reported today.

Transcribed inside.  Full breakdown of all Goldman bailouts is included.

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Lobby For War, Profit From War, Lather Rinse Repeat

Transcript inside - Which corporations and government officials are most guilty?

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Arlo Guthrie LIVE Performance - I'm Changing My Name To Fannie Mae - Price Of Gold Is Rising Out Of Sight

Song:  I'm Changing My Name To Chrysler - The Original

This live recording is much better than the one inside, which is the Fannie Mae version.  Lyrics are included for both.

• "Corporate welfare-the enormous and myriad subsidies, bailouts, giveaways, tax loopholes, debt revocations, loan guarantees, discounted insurance and other benefits conferred by government on business-is a function of political corruption. Corporate welfare programs siphon funds from appropriate public investments, subsidize companies ripping minerals from federal lands, enable pharmaceutical companies to gouge consumers, perpetuate anti-competitive oligopolistic markets, injure our national security, and weaken our democracy."

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William Cohan: "Wall Street takes risks with our money, they count on getting bailed out, and they don't have any liability"

Complete transcript is inside.

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New Car Engine Sends 'Shock Waves' Through Auto Industry

The engine has a rotor that's equipped with wave-like channels that trap and mix oxygen and fuel as the rotor spins. These central inlets are blocked off, building pressure within the chamber, causing a shock wave that ignites the compressed air and fuel to transmit energy.

Researchers estimate the new model could shave almost 1,000 pounds off a car's weight currently taken up by conventional engine systems.  Last week, the prototype was presented to the energy division of the Advanced Research Projects Agency, which is backing the Michigan State University Engine Research Laboratory with $2.5 million in funding.

Michigan State's team of engineers hope to have a car-sized 25-kilowatt version of the prototype ready by the end of the year.

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Obama's Townhall Deficit Performance: Video

CBS lives in the non-embeddable Stone Age, so click the poignant image of Obama to watch on Youtube.  Bloomberg has the details.

• Obama Embarks on Tour to Sell Debt Plan, Not Dwell on S&P

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Judge Blasts Government Opposition To Medical Marijuana

This is outstanding.  50 seconds of Peter Tosh truth.

Judge Andrew Napolitano - April 18, 2011

"What is baffling beyond belief is the amount of ardent opposition to Medical Marijuana use. It is a Godsend for those suffering from horrible diseases like Glaucoma and yet there are self righteous ignorant control freaks in the government who want to keep these people in perpetual pain."

Two must reads if you've not seen them:

• Sell $31 Of Pot And Go To Jail For 10 Years
• Wall Street Tool Mitt Romney Is A Cold-Blooded Bastard To 80-lb Medical Marijuana Patient In Wheelchair

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Matt Taibbi "Justice Department Has No Appetite To Take ANY Cases Against Wall Street Executives" (Spitzer, Cooper)

Video - Anderson Cooper, Eliot Spitzer, Matt Taibbi - April 14, 2011

Discussion of Goldman Sachs and Wall Street crime.  Taibbi begins at 3:00.  On Attorney General Eric Holder bringing charges against Goldman Sachs:

Cooper:  "Do you think the Justice Department will prosecute?"

Spitzer:  "If they don't, the Attorney General should resign."

Say what you will about Spitzer, I'm glad this is finally being said on national television.  The blogosphere knows Holder is useless, but it's about time the rest of America starts finding out.  Bravo.

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ATTENTION CONGRESS: CLOSE THE LOOPHOLE: Hedge Fund Manager John Paulson Earned $5 Billion In 2010, Paid Only 15% Tax

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