Have We Reached A Tipping Point In The Financial System?

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“March and April 2013 may go down in history as the tipping point for the western financial system.

We have already seen:

  • Lehman Brothers and many other financial firms collapse.
  • $700 Billion in TARP funds arranged by banking insiders for banking insiders at the expense of US taxpayers. Continue reading

“$16 Trillion Dollars Flushed Down the Toilet” – says Delaware AG Beau Biden

If anyone doubts why the Governors in all 50 states should not allow their Attorneys General to sign the Multi-State Bank Settlement then take the time to listen to Delaware Attorney General Beau Biden in this MSNBC interview with Alex Wagner. CLICK HERE for Interview

Banks “who engaged in fraudulent behavior should not be granted criminal or civil immunity for potential wrongdoing related to illegal mortgage and foreclosure practices…the Federal Government and State attorneys general should proceed with full investigations into claims of fraudulent behavior by the banks”  CLICK HERE for video. Continue reading

Hats Off to Bernie and the Gang: First Federal Reserve Audit Reveals Trillions in Secret Bailouts

By Matthew Cardinale, Inter Press Service
29 August 11

he first-ever audit of the US Federal Reserve has revealed $16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations.  “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else,” US Senator Bernie Sanders, an Independent from Vermont, said in a statement.

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