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

Inside Job Trailer: Iceland and $124K of nothingness.

Mishkin will live to regret the day he agreed to this interview.

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Here's the official trailer...

From the archives...

• Mishkin: Don't Kid Yourself, The Fed Might Not Raise Rates For Years

Comments

[Cheyenne]

Congratulations to the cast and crew of Inside Job. Just outstanding work, and oh so timely too.

And one I'm-not-worthy-genuflection to Charles Ferguson, a kind and soft-spoken man with the balls to say the truth no matter where he is.

[Benny and the Talibanks]

DAMN YOU DB!!!! Why do you make me watch these videos?

Mishkin exposed as another criminal co-conspirator in the financial Ponzi scheme we call the Federal Reserve. Yet, nothing will happen to him. If there are any Icelandic people who want to shoot or otherwise hurt Mishkin, if I sit on the jury I will find you not guilty.

[DailyBail]

First he writes a bullshit paper with no research...then he violates professional conduct by not disclosing his payment for the paper...and he's tenured at Columbia with CNBC appearances monthly...

[Stanley Rozewski]

He's an idiot, and that is why he did not understand nor comprehend the term "conflict of interest". He doesn't give a shit about you. He got paid, and that is all he cares about. And could not tell the difference between stability and instability.

[Dr. Pitchfork]

Speaking of conflicts of interest, this interview is a Must Listen. Dylan Ratigan with Glenn Greenwald.

http://www.dylanratigan.com/2011/02/15/glenn-greenwald-on-radio-free-dylan-3/

Especially at about 30 mins into the interview, they start talking about how it is that Dylan even has a show on a mainstream network, how for people like Glenn and Dylan the "cause" becomes the career and how people like them are impossible to silence or pressure in the same way that Chuck Todd is.

Great stuff.

[S. Gompers]

Can't wait to see it.

[Josie]

Fred Mishkin is a whore...wonder if CNBC will run this clip before Fred is, once again, introduced to spew his Fed-o-Phlie love to the masses (while Liesman masturbates under the table)...

Cannot wait to see Inside Job. Please tell me Ferguson told the Columbia Dean that his own Fred violated Columbia's standards re: disclosing conflicts. Will Fred be "sanctioned" by Columbia?

Instability vs. Stability..."typo"...classic...

[Sell Short]

Cant wait to see see this movie. WHY IS THAT SCUMBAG ANGELO MOZILO NOT IN JAIL?????

[Wall Street Class Action]

The entire nation is in a bind of GIGANTIC FRAUD. The taxpayers are forced to purchase gigantic companies, and then pay ourselves dividends by continuing to write blank checks to these companies. Who is holding the checkbook in this counry?
There is way to organize, and hold the banksters accountable. The grass roots efforts already taking hold.
At WallStreetClassAction.com we organize a class action against the banks, the ratings agencies and other financial institutions involved in staging the colossal securitization fraud and subsequently crashing the economy and resulting in over $5 Trillion in asset losses in the US alone.Wall Street monopolistic, essentially rogue financial entities have destroyed the fabric of our society and broke our laws, making a mockery of fiscal prudence, ethics and justice. Even our very government is controlled and manipulated (by being an interdependent collosal trap) by this highly illegal banctel, where bank executive officers “retire” or transition into various government regulatory and controllership positions, futher aiding and abetting the ongoing fraud. And when the overleverages casino style betting and back-hedging finally tipples over and out of control, the losses are effectively socialized, while the injured parties are thrown out on the street.
By having repealed the essential laws and regulations beforehand banks had stepped up the level of their offense to premeditated obstruction of justice and outright conspiracy to wire fraud. Citibank – Travelers “merger” and “Glass-Steagall shattering” alone had cost us the taxpayers $5-6 Trillions in real asset losses. Hedging, backroom betting, trading fraudulently rated derivatives, all to be eventually back-stopped by the Nation’s books, while remaining off their own is an affront to feducuary trust, a mockery of fiscal prudence and ethics.
WE THE PEOPLE will hold the banksters legally liable.
SIGN UP ON THE SITE WallStreetClassAction.com

[john]

From the "you can't make this shit up" department.... (I am talking movies)....

Dodd to be chief lobbyist for motion pictures group

http://www.rawstory.com/rs/2011/03/01/dodd-to-be-chief-lobbyist-for-motion-pictures-group/

[snip]

The Connecticut Democrat announced his retirement last year amidst controversy regarding loan deals he made with Countrywide Financial.

Dodd unsuccessfully ran for president in 2008.

[josie]

Looks like A. Mozilo hooked ole Chris D. up with some of his Bel Air CC Hollywood buddies...He'll fit right in with that group...

[john]

Todays main event....Ben Bernanke vs House Financial Services Committee featuring Rep. Ron Paul. There will be a few other surprise performances in what should be an unforgettable show....It's gonna be a doosey. Get your tickets here!

http://www.c-span.org/Events/Monetary-Report-Presented-to-House/10737419898/

[john]

Goldman Sachs Puts ‘Possible’ Legal Losses at $3.4 Billion

http://www.businessweek.com/news/2011-03-01/goldman-sachs-puts-possible-legal-losses-at-3-4-billion.html

[snip]

Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, said “reasonably possible” losses from legal claims against the company may amount to as much as $3.4 billion.

Goldman Sachs hasn’t set aside a “significant” amount of money against the possible losses, the New York-based bank said today in a 10-K filing with the U.S. Securities and Exchange Commission. The estimate, the first of its kind disclosed by the firm, is the “upper end” of losses in matters where the risk is “more than remote but less than likely,” the firm said.

Comment: So? (a little dick cheney sarcasm)..... We fecking lost 14 trillion or so and we ain't too fecking happy about it either...

[josie]

Buffett on CNBC this AM (just a few tidbits):

-Wants The Bernank to stop QE2 now; thinks that he should have stopped at least a year ago;
-Says big inflation is coming; cash is a horrible bet;
-Pension benefits must be stopped today and going forward or it will break the munis and states, but those old "promises" must be fulfilled;
-Tax the rich;
-Cut spending, including the entitlements;
-Listen to Simpson-Bowles commision;
-Goldman is paying him $15 per second (he actually said "tick, tick...I love the tick, tick" and that Lloyd hates the tick, tick...

[DailyBail]

thanks josie...i saw that...lots of buffett this AM...

[john]

Some foreclosure related stories:

More Trouble in Squanderville
Wall Street Trash
By MIKE WHITNEY

http://www.counterpunch.org/whitney03032011.html

[snip]

Bob, Frank and Freddie all bought identical houses in the same neighborhood in 2004. Each man paid $300,000 for his home......Question: Which one these three men is most likely to be the banker?


Fannie Mae adding 14 jurisdictions to their attorney network

http://stopforeclosurefraud.com/2011/03/03/fannie-mae-is-adding-fourteen-jurisdictions-to-their-attorney-network/


Title insurace underwriting bulletin RE: MERS

http://stopforeclosurefraud.com/2011/03/03/title-insurance-underwriting-bulletin-re-mortgage-electronic-registration-system-inc-mers/

[Alberto Martinez]

"The Big Short" by Michael Lewis is a great read. The information Mr. Lewis provides illustrates clearly the criminal nature manifest in the entire series of events. No document mortgages were bundled and given AAA ratings by Moody's, Standard and Poor and Fitch. These were 'NO DOCUMENT' Mortgages. Just as an example "In Bakersfield California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000. "

[john]

Possible sell out on Foreclosure Fraud may be in the works.

http://stopforeclosurefraud.com/2011/03/04/showdown-in-dc-protests-mounting-over-looming-sell-out-on-foreclosure-fraud-deal/

[john]

Goldman’s Blankfein Could Testify in Rajaratnam Trial

http://www.hedgefund.net/publicnews/default.aspx?story=12263

[snip]

If he is summoned to the Manhattan federal courthouse where the trial is due to start March 8, Blankfein would most likely be asked about conversations between him and his board, especially former board member Rajat Gupta, the Wall Street Journal reported.

in other hedge fund news....

Mass Regulator Brings Charges Against FX Funds

http://www.hedgefund.net/publicnews/default.aspx?story=12266

[snip]

Eagle Trades, whose sole member was Terrence Osberger, allegedly solicited $153,500 from at least three Massachusetts residents, Galvin alleged. Investors were promised returns ranging from 299% to 318%, according to court documents.

Shortly after receiving the funds, Osberger allegedly sent an email detailing how Eagle Trades had been the victim of international monetary fraud and was unable to satisfy redemptions.

[john]

Greenspans new paper...

http://www.cfr.org/united-states/international-finance-2011-activism/p24289

Flashback:

COMPANY NEWS; Derivatives Get a Key Supporter

http://query.nytimes.com/gst/fullpage.html?res=9C02E4D7163BF935A15756C0A962958260&sec=&spon=

[snip]

Strongly disagreeing with a new Congressional study, the chairman of the Federal Reserve Board, Alan Greenspan, said today there was "negligible" risk that the rapidly growing market for financial derivatives might someday require a taxpayer bailout.

then this shortly thereafter:

Greenspan and Cox Confess

http://georgewashington2.blogspot.com/2008/10/greenspan-and-cox-confess-they.html

[snip]

By way of background, Greenspan was a one of the main supporters of derivatives since at least 1999 (and see this). He was one of the main cheerleaders for subprime loans. And of course, he pushed "easy credit" with low interest rates.

The SEC has advocated no government oversight and "voluntarily regulation" by the companies themselves.