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Tuesday
Aug302011

SAYONARA: FDIC Objects To Bank Of America's $8.5 Billion Mortgage Fraud Settlement

Back to the capital-raising drawing board for beleaguered Bank of America as Sheila Bair puts the kabash on the previously agreed-upon settlement for Countrywide's fraudulently packaged mortgage bonds.

The final decision, due in November, is up to the courts, but the FDIC's opposition is not good news, and could end up costing BofA more than the expected $8.5 billion, as you will read inside, further cementing Ken Lewis' $5 billion purchase of Countrywide, as the worst corporate takeover in U.S. history.

Click to read more ...

Tuesday
Aug302011

Jim Rogers BBC Interview - 'U.S. Needs To Cut Spending With A Chainsaw!' (Video & Transcript)

Video - Jim Rogers on the BBC - Aug. 26, 2011

Brilliant clip.  Runs 5 minutes.  Transcript inside.

Click to read more ...

Tuesday
Aug302011

Ron Paul On The Failures Of U.S. Intervention In Libya

Video - Ron Paul's Texas Straight Talk - Aug. 29, 2011

Full transcript is insde.  This is outstanding.

Click to read more ...

Monday
Aug292011

CONGRESSIONAL VIDEO - Elizabeth Warren Testifies On JPMorgan's Illegal Military Foreclosures

Video - Dr. Warren testifies before Congress - July 14, 2011

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Monday
Aug292011

Dylan Ratigan - The Cost Of Corporate Communism

The concept of communism is rightly reviled in this country for the simple reason that it is blind to human nature, allowing a small group of individuals near-total control, while sticking everyone else with the same crappy systems - and the bill.

America spent countless lives and half a century fighting against this system of government.  So why are we standing for it now?

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Monday
Aug292011

Class Action - Shareholders Vs. Goldman Sachs, Congress Gives Millions Of Foreclosures To Wall St. Slumlords, Euro Bailout In Doubt As Hysteria Sweeps Germany (LINKS)

Monday
Aug292011

Dylan Ratigan Is 'Mad As Hell' - THE REMIX - 'The United States Of America Is BEING EXTRACTED!'

A remixed version of Ratigan's now famous rant.

Runs 2 minutes.  Definitely check this out.

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The original video with TRANSCRIPT can be found here:

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Monday
Aug292011

Alyona Annihilates Obama: Don't Forget Afghanistan

If you aren't familiar with the sharp-tongued and fearless Alyona Minkovski, settle in.  She righteously rips Obama over Afghanistan.  This is outstanding.

New clip added inside.

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Sunday
Aug282011

Chris Whalen Annihilates NY Fed Director Kathryn Wylde

Whalen said last week:

  • "I'm just appalled.  She's not supposed to behave this way.  If she wants to be an advocate for the big banks, then she ought to step down."

We covered the outrage HERE.

Here is the most gluttonous paragraph, coming from NY Fed Board member Kathryn Wylde. Characterizing her conversation with Mr. Schneiderman that day as “not unpleasant,” Ms. Wylde said in an interview on Thursday that she had told the attorney general: 

  • “It is of concern to the industry that instead of trying to facilitate resolving these issues, you seem to be throwing a wrench into it.  Wall Street is our Main Street — love ’em or hate ’em. They are important and we have to make sure we are doing everything we can to support them unless they are doing something indefensible."

Click to read more ...

Sunday
Aug282011

Roubini Proves He's An Idiot, Fed's Bullard Sees NO NEED For Further Easing, IMF Chief Calls For MORE Bank Bailouts, Getting A Mortgage May Never Be The Same, Gore Compares Global Warming Truth Tellers To Racists (LINKS)