BUSTED - BofA Executive Indicted For Fraud In Bond Scam

PHOTO - 'Deputy Geithner' courtesy of Mark McHugh...

• Justice Dept. is preparing to file charges against LIBOR traders - Bloomberg
• Spanish unemployment hits all-time high - 25%
• BUSTED - BofA Executive Indicted For Fraud In Municipal Bond Scam
• Exclusive: Labor Dept looking into fraud at JPMorgan stable value fund
• QE3 disciples explain Why the Fed will look past rising food prices
• Fed Governor Raskin Expects Fed To Debate Benefit Of More QE - Bloomberg
• Workers on Disability Sets Another Record in July; Exceeds Population of 39 States
• Oregon Court of Appeals rules against banks, MERS in foreclosure case
• SF Library Installs Computer Privacy Screens For More Discreet Porn Watching
• Greece expels Olympic athlete over racist tweets
• James Howard Kunstler on Europe's imaginary bailout skyhook - funny
• Drug money funds voter fraud in Kentucky - $50 Per Vote
• Study: Brain Objectifies Women As Body Parts, Men As Whole

Comments

[DailyBail]

Europe's largest bank Santander sees profits cut in half because of toxic property loans

Read more: http://www.dailymail.co.uk/news/article-2179274/Europes-largest-bank-Santander-sees-profits-cut-half-toxic-property-loans.html#ixzz21qWIQ4I4

[DailyBail]

AIG Said To Mull Leaving Maiden Lane Headquarters

http://www.bloomberg.com/news/2012-07-27/aig-said-to-mull-leaving-maiden-lane-headquarters-in-new-york.html

[DailyBail]

Two New Jersey state troopers were charged with tampering with records for allegedly altering the license plates of the cruisers they used to escort a high-speed caravan of sports cars down a highway in March.

http://www.bloomberg.com/news/2012-07-27/troopers-charged-after-escorting-high-speed-car-convoy.html

[LiberatedCitizen]

Yea sure some low level people will be offered up on a plate and that will be the end of the libor problem holder will make it go away for his buddies even the left has seen through him

Obama's Justice Department Rushes to the Rescue of LIBOR Criminals

http://www.blackagendareport.com/content/obamas-justice-department-rushes-rescue-libor-criminals

The heartburn article in today's links is especially funny the chair satan will never stop filling up the banks that own the fed with our $$ unless he is forced to and likely the only way to do that is if he is gone. Romney said he would get rid of Ben

http://seekingalpha.com/article/747801-will-qe3-be-announced-in-august

and I read that he would pick Blinder who just said...

"The Fed's hostility toward lowering the interest on excess reserves is almost self-contradictory. When Mr. Bernanke lists the weapons the Fed plans to use when the time comes to tighten monetary policy, he always gives raising the IOER a prominent role. His reasoning is straightforward and sound: If the Fed makes holding reserves more attractive, banks will hold more of them. Why doesn't the same reasoning apply in the other direction?

But suppose it doesn't work. Suppose the Fed cuts the IOER from 25 basis points to minus 25 basis points, and banks don't lend one penny more. In that case, the Fed stops paying banks almost $4 billion a year in interest and, instead, starts collecting roughly equal fees from banks. That would be almost an $8 billion swing from banks to taxpayers. There are worse things."

in full
http://online.wsj.com/article/SB10000872396390444873204577537212738938798.html?mod=googlenews_wsj

Of course the Fed will look past rising food prices they took them and all the essential things you need to live out of the inflation index a long time ago, they only care about stimulating the asset class bernanke is using Marx's Reflexivity Theory hahaha it's the reverse of trickle down seriously I kid you not we are supposed to believe that the masses will feel wealthier. That kind of crap may have worked to some small degree before the masses lost the majority of their wealth (housing, 401k's, etc) because of the banks but the masses are tapped out now so all he is doing is dividing up the spoils to the banks who own our politicians. That's something people don't realize about Marxists the elite share the gains the rest the pains. Bernanke and a lot of the global bankers are Fabian Socialists. People are fooled

"In Argentina, everyone acknowledges that fascism, state capitalism, corporatism – whatever – reflects very leftwing ideology. Eva Peron remains a liberal icon. President Obama’s Fabian policies (Keynesian economics) promise similar ends. His proposed infrastructure bank is just the latest gyration of corporatism. Why then are fascists consistently portrayed as conservatives?"

more

http://www.forbes.com/sites/billflax/2011/09/01/obama-hitler-and-exploding-the-biggest-lie-in-history/

Libor Scandal Timeline: What Did the Fed Know and When Did it Know It?

http://www.propublica.org/special/libor-scandal-timeline-what-did-the-fed-know-and-when-did-it-know-it