The debt bomb is dropping Harlem and Bronx NY dudes, so you better beware. Obama is shilling for the oligarchy for the banks, so you know it is gonna get messy. Argentina is in the fight, see their Sunday ad in the NY Times.
http://www.harlemlook.net/2014/06/harlem-hustle-and-obama-and-argentina.html
Showing posts with label ny times. Show all posts
Showing posts with label ny times. Show all posts
Monday, June 30, 2014
Monday, June 11, 2012
Spain, and the Insane Banks
The banks are still going down despite the NY Times talk that Spain is all right.
FRANKFURT — With an agreement to bail out Spain’s struggling banks, Europe again avoided financial chaos in a debt crisis that is in its third year. But Europe still faces far bigger challenges that threaten the Continent and with it, the world economy.
FRANKFURT — With an agreement to bail out Spain’s struggling banks, Europe again avoided financial chaos in a debt crisis that is in its third year. But Europe still faces far bigger challenges that threaten the Continent and with it, the world economy.
The most urgent of those concerns is being driven by events in a country at the other edge of the euro zone: Greece.
While the Spanish banking rescue will be expensive — as much as $125
billion — it will be well within the means of a European emergency fund
established for just such purposes.
What BS!!!! The Spanish debt hole is about $1 trillion. Time for Glass-Steagall Act 1933 USA type legislation. We need a bankruptcy reorganization.
Thursday, June 2, 2011
More Down Inside Trading
Way down inside- sang Led Zeppelin. Was it about the corruption of insider trading that is rampant on Wall St. This is from the NY Times. The Securities and Exchange Commission is investigating whether trades in health care stocks by the hedge fund SAC Capital Advisors as recently as last year were made using inside information, a person briefed on the matter said on Wednesday. Note: this is on top of investigations on Goldman Sachs and fraud around the mortgage backed securities.
The investigation comes as SAC, one of the most prominent hedge funds in the world with $12 billion in assets under management, has become something of a focal point for authorities. Two former SAC portfolio managers have pleaded guilty to criminal charges of using inside information to trade technology stocks.
Separately, the S.E.C. is looking into whether the hedge fund used inside information about the 2007 takeover of MedImmune, a biotechnology company, the person said. The Wall Street Journal earlier reported about the inquiry into MedImmune.
Neither SAC nor its billionaire founder, Steven A. Cohen, has been accused of wrongdoing by the S.E.C. or by any other authority. A spokesman for SAC declined to comment on Thursday. The inquiries into the SAC trades are part of an accelerating effort by the S.E.C. and the United States attorney’s office in Manhattan to crack down on insider trading, with a particular focus on hedge funds. The criminal investigations by federal prosecutors have resulted in charges against 49 people, 39 of whom have pleaded guilty.
Two people who have pleaded guilty were the former SAC employees Noah Freeman and Donald Longueuil. Mr. Freeman is expected to testify Thursday at the trial of Winifred Jiau, a consultant for an expert network firm who is charged with leaking inside information. SAC has said that it is “outraged” by the conduct of the two former employees. The cases against Mr. Freeman and Mr. Longueuil are part of the government’s examination of expert network firms, which developed over the last decade alongside the proliferation of hedge funds. The government has filed criminal charges against 13 people connected to the firms, eight of whom have pleaded guilty.
Note: In my view, the whole system is guilty. Time to get the Glass-Steagall and stop the government insurance of this investment corruption. Free our commercial banking and checking accounts from the investment banks, just like FDR did in 1933.
The investigation comes as SAC, one of the most prominent hedge funds in the world with $12 billion in assets under management, has become something of a focal point for authorities. Two former SAC portfolio managers have pleaded guilty to criminal charges of using inside information to trade technology stocks.
Separately, the S.E.C. is looking into whether the hedge fund used inside information about the 2007 takeover of MedImmune, a biotechnology company, the person said. The Wall Street Journal earlier reported about the inquiry into MedImmune.
Neither SAC nor its billionaire founder, Steven A. Cohen, has been accused of wrongdoing by the S.E.C. or by any other authority. A spokesman for SAC declined to comment on Thursday. The inquiries into the SAC trades are part of an accelerating effort by the S.E.C. and the United States attorney’s office in Manhattan to crack down on insider trading, with a particular focus on hedge funds. The criminal investigations by federal prosecutors have resulted in charges against 49 people, 39 of whom have pleaded guilty.
Two people who have pleaded guilty were the former SAC employees Noah Freeman and Donald Longueuil. Mr. Freeman is expected to testify Thursday at the trial of Winifred Jiau, a consultant for an expert network firm who is charged with leaking inside information. SAC has said that it is “outraged” by the conduct of the two former employees. The cases against Mr. Freeman and Mr. Longueuil are part of the government’s examination of expert network firms, which developed over the last decade alongside the proliferation of hedge funds. The government has filed criminal charges against 13 people connected to the firms, eight of whom have pleaded guilty.
Note: In my view, the whole system is guilty. Time to get the Glass-Steagall and stop the government insurance of this investment corruption. Free our commercial banking and checking accounts from the investment banks, just like FDR did in 1933.
Thursday, April 15, 2010
NY Times has got Tea Party on the Brain
The NY Times is nervous about the Tea Party rallies and support. It is not that these people are so great, but any independent thinking is feared in the midst of an economic collapse. So the NY Times writes today, 4/15/10-
Tea Party supporters are wealthier and more well-educated than the general public, and are no more or less afraid of falling into a lower socioeconomic class, according to the latest New York Times/CBS News poll.
The 18 percent of Americans who identify themselves as Tea Party supporters tend to be Republican, white, male, married and older than 45.
They hold more conservative views on a range of issues than Republicans generally. They are also more likely to describe themselves as “very conservative” and President Obama as “very liberal.”
And while most Republicans say they are “dissatisfied” with Washington, Tea Party supporters are more likely to classify themselves as “angry.”
Frankly, I think they are afraid when Larouche pac intervenes on the Tea Party. Rachel Brown, with Larouche Pac got a good response at a Tea Party rally:
April 14, 2010 -- This was the theme of our intervention at the Tea Party Express rally featuring Sarah Palin, in the Boston Commons Wednesday. We had the Queen, Mr. Frank outfitted with a pig nose, big belly and stained shirt, and Barry Obama with his true hairs showing. Our three characters had a lovely tea party, with a suitcase of opiates on the table. There were many other protesters, but hordes were drawn to our event, wondering how we could be more audacious than Obama himself. Many were responding to impeachment, and many had heard about the refusal to eradicate
the poppy fields in Afghanistan, saying that a lot of people had been talking about that recently.
People already had LaRouche on the tip of their tongues as they walked up. Obama drew the biggest crowd, then people would laugh their asses off when they heard Barney sputtering incoherently. Next they would hear the Queen tell Obama and
Barney that impeachment will take too long, and that you don't know how to take care of yourselves since you got your independence.
Tea Party supporters are wealthier and more well-educated than the general public, and are no more or less afraid of falling into a lower socioeconomic class, according to the latest New York Times/CBS News poll.
The 18 percent of Americans who identify themselves as Tea Party supporters tend to be Republican, white, male, married and older than 45.
They hold more conservative views on a range of issues than Republicans generally. They are also more likely to describe themselves as “very conservative” and President Obama as “very liberal.”
And while most Republicans say they are “dissatisfied” with Washington, Tea Party supporters are more likely to classify themselves as “angry.”
Frankly, I think they are afraid when Larouche pac intervenes on the Tea Party. Rachel Brown, with Larouche Pac got a good response at a Tea Party rally:
April 14, 2010 -- This was the theme of our intervention at the Tea Party Express rally featuring Sarah Palin, in the Boston Commons Wednesday. We had the Queen, Mr. Frank outfitted with a pig nose, big belly and stained shirt, and Barry Obama with his true hairs showing. Our three characters had a lovely tea party, with a suitcase of opiates on the table. There were many other protesters, but hordes were drawn to our event, wondering how we could be more audacious than Obama himself. Many were responding to impeachment, and many had heard about the refusal to eradicate
the poppy fields in Afghanistan, saying that a lot of people had been talking about that recently.
People already had LaRouche on the tip of their tongues as they walked up. Obama drew the biggest crowd, then people would laugh their asses off when they heard Barney sputtering incoherently. Next they would hear the Queen tell Obama and
Barney that impeachment will take too long, and that you don't know how to take care of yourselves since you got your independence.
Subscribe to:
Posts (Atom)