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Posts Tagged ‘Wall Street’

Why Isn’t Wall Street in Jail?

In Anonymous, News, NWO, Wall Street on March 15, 2011 at 1:31 AM

Nobody goes to jail” writes Matt Taibbi in his latest article, featured in this month’s issue of Rolling Stone magazine. “This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world’s wealth.” Here is the complete interview from which we played an excerpt on our Feb. 22 show. Taibbi explains how the American people have been defrauded by Wall Street investors and how the financial crisis is connected to the situations in states such as Wisconsin and Ohio.

Rolling Stone: Matt Taibbi – Why Isn’t Wall Street in Jail?



Amy Goodman also points out another interesting paper at the beginning of the video:

“Let me read a sentence from a recent paper by Dean Baker, who concludes, “Most of the pension shortfall using the current methodology is attributable to the plunge in the stock market in the years 2007-2009. If pension funds had earned returns just equal to the interest rate on 30-year Treasury bonds in the three years since 2007, their assets would be more than $850 billion greater than they are today.”And this—he quotes David Cay Johnston of tax.com: “The average Wisconsin pension is $24,500 a year, which is hardly lavish. But what is stunning is that 15% of the money contributed to the fund each year is going to Wall Street in fees.”

Related Links:

Inside Job (2010)

Anonymous: A99 – Operation Empire State Rebellion

Inside Job Filmmaker Criticizes Banks & Wall Street During Oscar Award Speech

In NWO, Wall Street on March 2, 2011 at 3:04 PM

WATCH “INSIDE JOB” HERE

Documentary filmmaker Charles Ferguson was honored at the Academy Awards for his film “Inside Job,” a film which analyzed the 2008 financial crises.

Upon accepting his award Ferguson took the opportunity to issue a scathing critique of the US government’s lackluster investigation into the cause of the crisis.

Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong,” he said.

http://www.sonyclassics.com/insidejob/

http://www.insidejob.com/

WATCH “INSIDE JOB” HERE

Inside Job (2010)

In NWO, Viral Videos, Wall Street on February 20, 2011 at 2:37 PM

“Inside Job” provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.

THIS DOCUMENTARY IS BEING HEAVILY CENSORED ON YOUTUBE, DAILYMOTION, BLIPTV, AND ELSEWHERE. A BIG THANKS TO NOMORECENSORSHIP.COM AND SUREYNOT.COM FOR UPLOADING AND HOSTING THIS VIDEO!

BACK-UP:

Vodpod videos no longer available.

SHOW YOUR SUPPORT BY PURCHASING A HQ DVD FROM THE LINK BELOW. SHOW IT TO YOUR FRIENDS, FAMILY, AND SCREEN IT IN YOUR AREA. WAKE PEOPLE UP TO THIS TYRANNY AND FIGHT TO STOP IT!

http://www.sonyclassics.com/insidejob/

http://www.insidejob.com/

Related Link: Inside Job Filmmaker Criticizes Banks & Wall Street During Oscar Award Speech

FCIC Report Says Financial Crisis Was Avoidable and Warnings Were Ignored

In NWO, Other Leaks, Wall Street on January 27, 2011 at 2:55 PM

Wall Street firms’ soaring pay pushed traders to disregard risk and limited regulators’ ability to lure top talent to police banks, according to a panel probing the origins of the financial crisis. Stock-option bonuses motivated financial firms to use leverage to boost returns, and traders were given “aggressive incentives” to dissuade them from defecting, the Financial Crisis Inquiry Commission wrote in a 545-page book outlining its findings. Bloomberg’s Peter Cook reports.

Related Links:

Financial Crisis Inquiry Commission Report

BOMBSHELL REPORT: Goldman Sachs Got Billions From Taxpayers Through AIF For It’s OWN Account, Crisis Panel Finds; Contradicting SWORN Testimony From Execs

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