Forget Bernie Madoff and Enron’s Ken Lay—they were mere amateurs in financial crime. The current Libor interest rate scandal, involving hundreds of trillions in international derivatives trade, shows how the really big boys play. And these guys will most likely not do the time because their kind rewrites the law before committing the crime.
Modern international bankers form a class of thieves the likes of which the world has never before seen. Or, indeed, imagined. The scandal over Libor—short for London interbank offered rate—has resulted in a huge fine for Barclays Bank and threatens to ensnare some of the world’s top financers.
Robert Scheer: Crime of the Century
Prairie2: White House or Big House?
Initial Jobless Claims are down again this week putting in doubt the prognostication that we’re going into the double dip recession. That would be the recession that the Republicans have been working so hard to engineer before the election.
Jobless Claims are in fact down 15% from this time last year. This is of no comfort for those who have become permanently unemployed under the universal corporate policy of never hiring people who are unemployed. A permanent oblivion that workers can be cast into focuses the minds of the Neo-feudal serfs.
Black Box Voting: Judge Threatens Gag Order On Effort To Restore Privacy Of Ballot
Don't be confused, and don't let anyone tell you that you shouldn't talk about this. TO BE CLEAR: THE PUBLIC HAS BOTH THE RIGHT TO INSPECT BALLOTS AND THE RIGHT TO A SECRET BALLOT
We have a right to BOTH. Some election officials have been conflating these two issues, claiming that if we examine ballots we can see how people voted. Now, this raises a stunning question: If this is so, that means that election officials and vendors can also figure out how you voted.
We all need to grab a cleaver and chop these two rights into the two distinct rights that they are. The right to inspect; the right to privacy.
Prairie2: Blood and Feathers
The Federal Energy Regulatory Commission (FERC) is after the our friends over at JP Morgan Chase for rigging wholesale electricity prices to the tune of $73m. You thought that activity went away with the collapse of Enron? These crooks will steal anything that isn’t nailed down, well okay, they will pry up the nails too.
They aren’t the only people the FERC has been going after, Obama was delayed in appointing people by Republicans in the Senate, but things are finally starting to happen.
The Anger Agenda – Don’t Fall For It
We’re all pissed off in some form or another. No question. No one can sit idly by with any level of consciousness and not be ticked off by the insanity, inequities and atrocities going on around us. That’s righteous anger and there’s nothing wrong with it.
But we must keep it in its place.
The targeted audience? The general populace is being set up and baited for violent response.
Bob Alexander: Hooray! We Won Something ... Maybe.
Before the Affordable Care Act came to pass almost fifty million Americans were uninsured. Now that the Supreme Court has upheld President Obama's signature health care law … 26 million Americans will remain uninsured. But how many more millions of Americans can barely afford the coverage they now have?
Depending on your personal outlook on life … the glass is half full or half empty. But who wants a sip? Where I live it is unimaginable that people can’t afford health coverage. it is unthinkable that a person can’t get health care.
Prairie2: Fungus is predictable, it grows from rotten things
Markets Crash as the Obamacare Tax Increase is Approved by the Liberal Court, this was the screaming headline on the so-called news from the right. The markets did take a big plunge before clawing back, but it probably had to do with it leaking out that JP Morgan’s losses aren’t $2 billion as reported. Current internal estimates put the losses at $9 billion, and there’s no guarantee that is even close to the actual size of this cash hemorrhage.
When we say “too big to fail“, that’s not what we mean exactly.
More Articles...
- Black Box Voting: Colorado Supreme Court Decision Assures That Ballots Remain Public Records
- Barclays Execs Get No Criminal Charges for International Manipulation of Interest Rates, But You Can Go to Jail for Smoking Pot
- Black Box Voting Releases Into The Wild - Problematic 'Accenture' Voter List Software
- Prairie2: Who owns who, and other tunes that your horse, or your politician can dance to
Page 70 of 148
Editorial Glance





























