Wall Street Shows Its Ass Again

Why Wall Street & Co. Will Do Anything to Stop Eliot Spitzer from Championing the Public Interest

wall-street-bullWeb of Debt blog / By Ellen Brown
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Spitzer as comptroller: Good for New York, good for women, terrifying for Wall Street abusers.

Before Eliot Spitzer’s infamous resignation as governor of New York in March 2008, he was one of our fiercest champions against Wall Street corruption, in a state that had some of the toughest legislation for controlling the banks. It may not be a coincidence that the revelation of his indiscretions with a high-priced call girl came less than a month after he published a bold editorial in the 
Washington Post titled “ Predatory Lenders’ Partner in Crime: How the Bush Administration Stopped the States from Stepping in to Help Consumers.”  The editorial Continue reading

Eliot Spitzer: ‘Every person whose interest rate depended on Libor is a victim’


Eliot Spitzer:  “The Libor scandal is perhaps the biggest market-rigging conspiracy in Wall Street history. Almost all interest rates are affected by Libor, so every person with outstanding bank-issued debt could be a victim of this Wall Street cartel.”

CLICK HERE FOR VIDEO Continue reading

Obama Adds Insult to Injury – a “Sweetheart Deal” (no prison) for the banks!

MONDAY, JANUARY 23, 2012

Rumor has it that in a matter of days, after months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis — paying a tiny fraction of what’s needed in exchange for blanket immunity from future lawsuits. If this happens will we ever be able to trust him again?

Gathered here are three excellent presentations from this weekend… Continue reading