Foreign Banks borrowed extensively from Fed during the meltdown; aid to Dexia and Depfa needed to avoid munipal fiscal armageddon, stemming partially from Dexia’s apparent criminal activity.
COMMENT: In recent years there has [appropriately] been much discussion of Goldman Sachs. CEO Llolyd Blankfein has an interesting professional background, which might indicate operational connections to the intelligence community.
After a rise that could truly be called a classic American “up-by-the-bootstraps” ascent, Blankfein worked for years as a tax lawyer for Donovan Leisure, the [...]
Comment: More stories highlight just how precarious the eurozone’s finances are right now. There are $2.6 trillion in loans to Portugal, Ireland, Italy, Greece, and Spain (the P.I.I.G.S), that are held by Europe’s banks. No one knows who is holding how much of those loans. As a result, terror grows in the European financial community about the [...]
Comment: BOHICA is a military slang acronym for “Bend Over, Here It Comes Again!” A very disturbing story regarding the euro zone crisis was featured in The Wall Street Journal. It looks like the short-term lending to a lot of European banks is drying up...this is the kiss of death to financial institutions in today’s [...]
Comment: Now that the SEC has seen fit to take Goldman Sachs to the legal woodshed for its actions in the subprime mess, it is worth noting that big-spending GOP candidate for Governor of California Meg Whitman is deeply tied to these SOB’s.
“Whitman’s Ties to Financial Giant Goldman Sachs” by Lance Williams and Carla Marinucci; San [...]
Comment: There is a military slang acronym “BOHICA,” which stands for “Bend Over, Here It Comes Again.”
“Economists: Another Financial Crisis on the Way” by Matthew Jaffe; ABC News; 3/2/2010.
Even as many Americans still struggle to recover from the country’s worst economic downturn since the Great Depression, another crisis – one that will be even worse than [...]
U.S. is beset by the same structural economic and political problems as Emerging Market countries; Will the “Top Banana Republic” pull through? Or will we bring the rest of the world down?
Identifying the causes of the current financial disaster is as important as pursuing the malefactors behind the decisive actions.
Martin Borman, Nazi in Exile by Paul Manning. German corporate capital flight program in the waning years of WWII.