Posts from August 2013

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The Leveraged Buyout of America

by admin
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By Ellen Brown Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the […]

Video: Public Funds At Risk in The Big Banks

by admin
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Banks considered “globally active, systemically important” financial institutions may seize deposits in bankruptcy.  This ability is established in the U.S. in a Memorandum published by the FDIC, and in U.S. bankruptcy law, which also gives “super-priority” to derivatives counterparties over depositors.  This brief video explains the new legal structures governing our big banks’ bankruptcies.  Read […]

New Bank Investigations: Real Action, or More of the Same?

by admin
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A lot of interesting things happening on the white-collar enforcement front. Evil hedge fund SAC Capital and its villainous ruler Stevie Cohen were run through the gauntlet, Goldman Sachs patsy Fabulous Fab took a beating in civil court (I love the detail that emerged, that Goldman executives now call him “the poor kid”), and now, […]