Sep 7, 2011 at 11:29 AMMatt 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
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!
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.
Las Vegas Real Estate Crash Report - Episode #54 Development At Lake Las Vegas
Another troubling data point for the housing bulls.
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
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.
Just Released Bernanke Letter Downplays U.S. Banks CDS Exposure To Euro Sovereign Debt
No copy of the letter is currently available - story just hit the wires about 10 minutes ago. Bernanke claims to have access to confidential information to back up his story. We wonder if the Chairman has given any thought to the possibility that regulators are not aware of off-balance sheet exposures. It wouldn't be the first time that the Federal Reserve would be in the dark about banks under their purview. Repo 105s and Lehman comes quickly to mind.
FHFA Bank Lawsuit Conference Call @ 2 PM
MEDIA ADVISORY: U.S. Rep. Brad Miller to hold conference call briefing for reporters on lawsuits filed by the U.S. Federal Housing Finance Agency against 17 of the largest banks over faulty mortgage loans which helped lead the nation into the housing crisis.
September 6, 2011
Miller has repeatedly called on Edward DeMarco, Acting Director of FHFA, to do everything in his power to recover these funds. The Congressman is available for a media briefing at 2 p.m. today to discuss what happened to prompt the lawsuits; what needs to happen next to fix the problem; and what it all means for the taxpayer.
When: Tuesday, September 6, 2011
Start time: 2:00pm (EST)
Dial-in number: 1-308-344-6400
Access Code: 150881#
The conference call, led by Congressman Brad Miller, is happening NOW. I'm listening in and I can tell you that the US government won't be collecting anywhere near the $196 billion headline number named in the lawsuit.
Cenk On Bernanke's Secret Loan Program - "I Thought Jamie Dimon Was A Genius And Didn't Need A Bailout..."
Video - Cenk on the Federal Reserve's Secret Loans - Aug. 26, 2011