Former SIGTARP Neil Barofsky On Bernanke's $1.2 Trillion In Secret Fed Loans To Wall Street

Aug. 22 (Bloomberg) -- Neil Barofsky, former special inspector general for the Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about the Federal Reserve's emergency loans during the financial crisis. Fed Chairman Ben S. Bernanke’s effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money.  The largest borrower, Morgan Stanley, got as much as $107.3 billion, while Citigroup Inc. took $99.5 billion and Bank of America Corp. $91.4 billion according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress.

Full details inside.

Click to read more ...

Hedge Fund Manager Kyle Bass Tells David Faber: "EU Bailout Will Cost France And Maybe Even Germany Their AAA Ratings"

With Europe's crisis making all the financial headlines, it's worth another look at the default truth from Kyle Bass.  Interview was conducted Aug. 8, 2011.  Quotes inside.

Click to read more ...

Ron Paul Announces 2012 Candidacy On Colbert: 'Biggest Counterfeiter In The World Is The Federal Reserve' (VIDEO)

Video - Ron Paul with Stephen Colbert

"There is a law on the books that says you are not allowed to counterfeit, and the biggest counterfeiter in the world is the Federal Reserve.  They just print money, trillions of dollars, and they give it out to their friends."

Click to read more ...

Goldman Reaches Foreclosure Settlement With The FED & NY Regulators Calling For 25% Loan Forgiveness

New story from Reuters.

Click to read more ...

Chris Whalen Recommends Chapter 11 Bankruptcy For Bank Of America: Default And Liquidation Under Dodd-Frank

Click to read more ...

Nevada AG Wallops Bank Of America With Sweeping Lawsuit, Nationwide Foreclosure Settlement In Peril

New story from ProPublica.

Click to read more ...

Obama Lies 7 Times In Under 2 Minutes

Click to read more ...

Rasmussen National Poll - Obama 39%, Ron Paul 38%

Boobs for Ron Paul photos inside. Apologies in advance to our female readers.

Click to read more ...

CHART - Gold Bubble Tame Compared To Nasdaq & Oil

For all the talk of a gold bubble, this chart paints a different picture.

Click to read more ...

Warren Buffett On Charlie Rose - Aug. 16, 2011

We've had this in queue for a few weeks, debating whether to post.  The opportunity to highlight that Buffett's Berkshire still owes back taxes tilts the scales.

Click to read more ...

Warren Buffett's Berkshire Still Hasn't Paid Back Taxes

Yes, Uncle Warren, savior of Bank of America, poster-grandpa of tax hikes on the rich, has been less than forthcoming with back taxes owed to the IRS.

Click to read more ...

The Greatest Speech Of Ronald Reagan's Career: "There Is No Such Thing As Left Or Right" (Video 1964)

Click to read more ...

Inside Job Trailer #1 - Former Fed Governor Frederic Mishkin Is Corrupt

Mishkin will live to regret the day he agreed to this interview.  Full theatrical trailer inside.

Click to read more ...

History Of Presidential Spending, National Debt & Deficits

Click to read more ...