US Will Not Prosecute Goldman Sachs, Employees for Abacus Deal
Yahoo! Finance 9 August 2012
Neither Goldman Sachs Group Inc nor its employees will face U.S. criminal charges related to trades.
Fed Extends Comment Period for Basel III Rules
Fox Business 8 August 2012
The U.S. Federal Reserve Wednesday said it would allow banks an additional 45 days to weigh in on a proposal.
Bernanke: $1 Trillion in Student Loans Won’t Cause Crisis
Kansas City Star 7 August 2012
Federal Reserve Chairman Ben S. Bernanke said record U.S. student loan debt doesn’t put the financial system at risk.
Treasury’s Secretive $2.4 Trillion Fund Guarantee
Yahoo! Finance 9 August 2012
Details about a secretive government program to bail out money-market mutual funds are finally coming to light.
Goldman Sachs Invests $4M For Loans to Montana Small Businesses
Missoulian 9 August 2012
What’s an enormous global banking firm doing in little ol’ Montana? As of this week, investing $4 million in small businesses.
FTC Hits Google With $22.5 Million Fine For Safari Tracking
Cnet 9 August 2012
It’s the largest penalty ever for a violation of an FTC order. The agency says that “sends a clear message” to all companies.
For Unpaid College Loans, Feds Dock Social Security
Smart Money 7 August 2012
More retirees are falling behind on student debt, and Uncle Sam is coming after their benefits.
The Ascendancy of a Criminal Financial Elite
Global Research 5 August 2012
Never in the history of the United States have we witnessed crimes committed on the scale and scope of the present day.
U.S. Public Pensions Earn 1.15% for Worst Showing Since 2009
Bloomberg 6 August 2012
U.S. state and local-government pensions ended the 2012 fiscal year with a median gain of 1.15 percent.
Fiscal Cliff: What’s Really In It
CNN Money 6 August 2012
If lawmakers cannot agree on how to address the pending “fiscal cliff,” $7 trillion worth of tax increases and spending cuts will begin.
Algobot Wars Now Rule Wall Street
Mother Jones 6 August 2012
Felix Salmon passes along this animation that shows the remarkably chaotic growth of high-frequency trading.
Libor, Naked and Exposed
The New York Times 6 August 2012
Americans who save for the future, use credit cards or borrow money for tuition, cars and homes deserve assurance.
Facebook Insiders Who Dumped Stock Just Before It Crashed
Yahoo! 6 August 2012
Wealth Doesn’t Trickle Down – It Just Floods Offshore, Research Reveals
The Guardian 21 July 2012
A far-reaching new study suggests a staggering $21tn in assets has been lost to global tax havens.
$26 Trillion of Bankster Fraud & Theft According to Ron Paul, Alan Grayson and Bernie Sanders
OpEdNews 5 August 2012
Thanks to heroic efforts of Congressman Ron Paul, former Congressman Alan Grayson and Congressman Bernie Sanders.
Pensions Face ‘Death Spiral’, Says Ros Altmann
The Telegraph August 2, 2012
The Bank of England’s policy of quantitative easing has done “irreparable damage”