Rubin, Summers and Greenspan succeeded in inducing Congress -- funded, of course, by these same financial firms -- to enact legislation blocking the CFTC from regulating these derivative markets. More amazingly still, the CFTC, headed back then by Born, is now headed by Obama appointee Gary Gensler, a former Goldman Sachs executive (naturally) who was as instrumental as anyone in blocking any regulations of those derivative markets (and then enriched himself by feeding on those unregulated markets).
Why didn't Fed force big banks to take less of AIG bailout?
The Federal Reserve Bank of New York in November chose not to pursue tough negotiations with large foreign and domestic banks and instead allowed them to receive 100 cents on the dollar in government funds to settle tens of billions of dollars of exotic financial bets guaranteed by American International Group.
At the time, Timothy Geithner, now Treasury Secretary, headed the powerful New York Fed.
Former FBI director defends Saudi prince from bribery allegations
Former FBI Director Louis Freeh says $2 billion that flowed from Britain to bank accounts controlled by the Saudi ambassador in the U.S. were sent as part of a secret arms deal between the British and the Saudis that, among other things, made it easier for the Saudis to evade American weapons-sales restrictions.
TVNL Comment: Do some research into Freeh's conduct and actions prior to the events of 9/11. It's all connected.
Israeli high court rules in favor of further home demolitions in Jerusalem
Just a few days after ruling to force Palestinian homeowner Darwish Hijazi off his land to allow Israeli expansion in his home and property, the Israeli high court has issued a ruling on the cases of two more families who challenged the Israeli demolition orders placed on their homes.
The demolition orders are part of a larger Israeli settlement plan, which the Israeli Mayor of Jerusalem and the city planners have called the 'E1 Plan’, to tear down thousands of Palestinian homes in East Jerusalem to make way for Disney-like theme parks based on biblical themes.
Erdan: Israel not taking orders from Obama
"Israel does not take orders from [Barack] Obama," Environmental Protection Minister Gilad Erdan (Likud) said on Monday, responding to an earlier statement by the US president in which he reaffirmed his administration's commitment to all previous understandings between Israel and the Palestinians, including the process launched at Annapolis, Maryland, in 2007.
Daily pill that halts Alzheimer's is hailed as 'biggest breakthrough against disease for 100 years'
A new drug halts the devastating progress of Alzheimer’s disease, say British scientists.
It is said to be more than twice as effective as current treatments.
A daily capsule of rember, as the drug is known, stops Alzheimer’s disease progressing by as much as 81 per cent, according to trial results.
A Perfect Moral Catastrophe: Just War Philosophy and the Israeli Attack on Gaza
Even strong critics of the Israeli attack on Gaza have generally prefaced their criticism by saying, in essence, "of course Israel has every right to defend itself against Hamas rocket attacks, but its methods are disproportionate." Or, as it is sometimes put, "no country can ignore attacks on its territory and citizens."
VA patient tests positive for HIV after mistakes
A Veterans Affairs patient who was among thousands treated with unsterilized equipment has tested positive for HIV, the first such case reported since the department warned veterans they could have been exposed to infectious diseases.
The VA previously reported that hepatitis had been found in 16 patients, but the agency cautioned there was no way to prove that the patients contracted the illnesses because of treatment at their facilities. In an e-mail late Friday, the agency said it was investigating "the possibility of such a relationship."
The VA earlier this year warned more than 10,000 veterans to get blood tests because they could have been exposed to contamination while getting colonoscopies in Murfreesboro, Tenn., and Miami.
DNA Test Outperforms Pap Smear
A new DNA test for the virus that causes cervical cancer does so much better than current methods that some gynecologists hope it will eventually replace the Pap smear in wealthy countries and cruder tests in poor ones.
Not only could the new test for human papillomavirus, or HPV, save lives; scientists say that women over 30 could drop annual Pap smears and instead have the DNA test just once every 3, 5 or even 10 years, depending on which expert is asked.
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