You gotta see thisIf this doesn’t convince you that the Timothy Geithner knew about the securities shenanigans that were going on at Lehman, than I don’t know what will.
Keep in mind, that Geithner ran Lehman through 3 “stress tests” prior to bankruptcy; all of which Lehman failed, and yet, nothing was done. Anton R. Valukas–the examiner who wrote the 2,200 page investigative-report which was released on Thursday– has provided plenty of information detailing Lehman’s “materially misleading” accounting and “actionable balance sheet manipulation.”
The eu's on the verge of clamping down on 'hedge funds', which are believed to have been at the root of the global downturn. But the US is wary - it's home to many of the secretive, high-wealth funds. Economic Trend Forecaster Gerald Celente says that, whatever Europe does, there will still be shady Wall Street deals.
The eu's on the verge of clamping down on 'hedge funds', which are believed to have been at the root of the global downturn. But the US is wary - it's home to many of the secretive, high-wealth funds. Economic Trend Forecaster Gerald Celente says that, whatever Europe does, there will still be shady Wall Street deals.
Gerald Celente is on the record for accurately forecasting and naming the current "Great Recession"; for forecasting the 1987 Stock Market Crash, the Dot-com bust, Gold Bull Run to Begin, 2001 Recession, the Real Estate bubble, the "Panic of '08", Tax Revolts, the coming "Greatest Depression" and many more social, economic, business, consumer and geopolitical trends.
Bob Chapman, publisher of The International Forecaster, gives the latest on the Greece banking meltdown, and tells us not if, but when the banksters will take down america in the same fashion.
Iceland’s voters expressed their outrage on Saturday against bankers, the government and what they saw as foreign bullying, overwhelmingly rejecting a plan to pay $5.3 billion to Britain and the Netherlands to reimburse customers of a failed Icelandic bank, Sarah Lyall reported in The New York Times.
Lynn is director of the Markets, Enterprise, and Resiliency Initiative, a senior fellow at the New America Foundation, and author of "Too Big to Fail" about the dangers of monopoly capitalism.
The Greek government has announced new austerity measures aimed at slashing its huge budget deficit. It comes a day after the Prime Minister said that the country was fighting for survival. The new measures -- which will reduce annual pay and increase taxes -- were ordered by the EU in an bid to prevent a collapse of the Euro. But street protests have been raging in Athens against the plans. Meanwhile, the US Justice Department is reported to have launched a probe into leading American hedge funds. They're suspected of helping Greece cover up its debts to weaken the European currency. Journalist Webster Tarpley believes that was a plot hatched to prop up the dollar's supremacy.
