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Taibbi: Goldman lied to investors and lied to Congress. So why isn’t it prosecuted?

May 17th, 2011   Matt Taibbi, the Rolling Stone journalist who famously dubbed Goldman Sachs a “great vampire squid” in a seminal article published in July 2009, recently wrote another about the New York-based investment bank (The People vs. Goldman Sachs). Writing on Clusterstock, Henry Blodget, co-founder and editor-in-chief of Business Insider, said this one is “potentially […]

May 17th, 2011 | Posted in Blog | Read More »

The People vs. Goldman Sachs

By: Matt Taibbi Published: Rolling Stone Date: May 26th, 2011 A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. […]

May 12th, 2011 | Posted in Article Library | Read More »

Keiser: “Compared to Goldman boss Lloyd Blankfein, Bernie Madoff’s like Mother Theresa”

April 21st, 2011 In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the 635-page report prepared by Senator Carl Levin’s Senate Permanent Subcommittee on Investigations into the causes of the financial crisis, Anatomy of a Financial Collapse. Among other things the report alleges that New York-based investment bank Goldman Sachs, known as […]

April 21st, 2011 | Posted in Blog | Read More »

Wall Street persists with line “Trust us. We can regulate ourselves”

April 15th, 2011 This episode from Anderson Cooper’s 360° from CNN makes it clear why investment bankers and people in ratings agencies, among others, should be prosecuted for their role in causing the global financial crisis. In the programme the Rolling Stone journalist Matt Taibbi and former New York State governor Eliot Spitzer explain the […]

April 15th, 2011 | Posted in Blog | Read More »

Libor-rigging probe raises questions about strength of banks’ ‘Chinese walls’

March 28th, 2011 One of the biggest financial scandals of recent weeks involves the alleged “rigging” of Libor rates by a group of the world’s largest banks. One theory is that banks colluded to lowball interbank borrowing costs to deceive investors and quell fears about bank creditworthiness as the financial crisis intensified in 2007-08. The story […]

March 28th, 2011 | Posted in Blog | Read More »

Max Keiser and Stacy Herbert on ‘the economics of extinction’

March 22nd, 2011 In this episode of the Keiser Report, the inimitable Max Keiser and his co-host, Stacy Herbert, cover a broad range of macro topics — including the bright side of inflation and the Fukushima nuclear disaster in Japan. They examine Saif al-Islam Gaddafi’s claims that he bankrolled Nicholas Sarkozy’s election campaign, and that […]

March 22nd, 2011 | Posted in Blog | Read More »

Why the Oscar for ‘Inside Job’ is a sort of turning point

February 28th, 2011 Charles Ferguson’s movie about the financial crisis, Inside Job, released in the US in October 2010, richly deserved to win ‘Best Documentary’ at last night’s Oscars. Amid all the flimflam about actresses’ dresses and the other flaky stuff one’s subjected to around Oscars’ time, the Academy Award for Inside Job is an […]

February 28th, 2011 | Posted in Blog | Read More »

Exit stage right: Petraeus beats retreat from Kabul

February 15th, 2011 Here’s edited highlights of the (London) Times’ exclusive story about General Petraeus’s imminent departure from Afghanistan. There seems to have been a bit of a power struggle:– General David Petraeus, the most celebrated American soldier of his generation, is to leave his post as commander of US and Nato forces in Afghanistan. […]

February 16th, 2011 | Posted in Blog | Read More »

The death of Adam Smith-ian economics

February 14th, 2011 In episode 120 of the Keiser Report, hosts Max Keiser and Stacy Herbert expose the myopia of mainstream media and mainstream investors. Here they explore the likely impact of anthropomorphic global warming and quantitative easing on the global economy. Fed chairman Ben Bernanke is, once again, lambasted as the world’s financial terrorist-in-chief.

February 14th, 2011 | Posted in Blog | Read More »

Black: “Our financial institutions are being run by sociopaths”

January 24th, 2011 As I’ve said before, William K Black, professor of economics and law at the University of Missouri, and the senior regulator during the US Savings and Loan crisis is, one of the sharpest commentators on the causes of the global financial crisis. In this interview with The Real News Network, Black says […]

January 24th, 2011 | Posted in Blog | Read More »