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Fed Loaned Billions at Low Rates to Libyan Controlled Bank

by NCD 4/3/2011 - 10:16 pm

Bernie Sanders forced the Fed to release this information, which apparently was only produced after lawsuits by news organizations, Sanders website:

A Sanders provision in the Wall Street reform law already had forced the Fed last Dec. 1 to name banks that took trillions of dollars in emergency loans during the crisis. [Read more]

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Feds Get Conviction in Oil Finance Scandal

by NCD 3/3/2011 - 9:40 pm

It's not a conviction of BP, Transocean or Halliburton; none of the companies has even been indicted in the Macondo/Deepwater Horizon oil blowout that killed 11 workers, spilled a gazillion barrels of oil killing untold numbers of marine life and coating miles of coastline with oil and dead animals. Reports have noted numerous cost-cutting shortcuts that BP and its contractors made which led to the disaster, but intentionally cutting corners and dismissing safe operating procedures, and thereby killing people and ruining the environment is just business as usual in the oil business. BP has been fined, but no one now seems to have any prospect of going to jail.
 [Read more]

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Immigrant Bashing AZ GOP Leader's Son Re-Arrested on Felony Count

by NCD 2/17/2011 - 4:57 pm

Republican Russell Pearce, Arizona Senate President, author of Arizona Law 1070 on 'enforcing the law' on immigrants, has a little problem with his own son breaking the law. The guy who thinks he has the solution to illegal immigration, can't keep his criminal son out of trouble.  Well, what else does one expect from Republicans but hypocrisy? They are ready to run your life and they have all the ideas on how to 'fix' the country, but they can't competently run their family. [Read more]

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Iraqi Leader Who Killed His Own People Returns to Power in New Democratic Middle East

by NCD 1/8/2011 - 2:13 pm

The touchy subject of the triumphant return of Moqtada al-Sadr, a radical anti-American Mullah, to Iraq from his four year sojourn in Iran was handled differently in headlines:

The New York Times had a positive spin: Iraqi Cleric Embraces State in Comeback Speech

AOL News less exuberant: Back in Iraq, Cleric Muqtada al-Sadr Declares 'We Reject America'
 [Read more]

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How the Fed's 0% Money is Creating Jobs, Profits

by NCD 1/3/2011 - 3:23 pm

....at the big banks, hedge funds and Wall Street. Homeowners, non-profits, and religious institutions overdue taxes are being sold as tax liens by state and local governments, and bundled by big banks like Bank of America, and hedge funds like Fortress Investment Group. [Read more]

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Obama's Director OMB Lands Citibank Job, Peter Orszag, To Take High Paying Banking Position

by NCD 12/13/2010 - 11:22 pm

President Obama nominated Peter Orszag to be his Director of Management and Budget in November, 2008, where he served a year and a half and resigned the position in July 2010.  His new position at Citibank may pay $2-3 million according to bankers familiar with similar positions. Orszag joins a former Bush cabinet appointee at Citibank. [Read more]

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Fox News Pundit Goldberg Proposes DC Granite and Stone Monument to Honor the Rich

by NCD 12/11/2010 - 1:50 pm

No this is not from The Onion. Its from Fox News.

You can read the December 9th paean to the rich in print on Bernard Goldberg's website at this link, "Thank God for The Rich", or watch it on video it at link.

Is Goldberg's contract coming up with Rupert Murdoch or does he emit worshipful blather about how heroic and wonderful rich people like Rupert Murdoch are all the time? [Read more]

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Hate in The Heartland-Not about Wikileaks

by NCD 12/3/2010 - 6:54 pm

Anyone who watched the spectacle of hate at the NBA game last night in Cleveland might decide the town could win the prize for the most bitter, angry and low life fans anywhere in the nation, including Philly.  Raucous, rude, angry fans and mobs of police were present as hometown boy LeBron James returned for the first time with his new team, the Miami Heat.  James grew up in Ohio, skipped college, and went directly to the NBA to play for the Cavaliers for seven years before moving to the NBA's Miami Heat this summer. [Read more]

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Bernanke & Fed Aim To Speed Foreclosures, Make them Faster, Easier For Banks

by NCD 12/2/2010 - 1:32 pm

McClatchy is reporting that the Fed has proposed changing a key rule having to do with the the TILA (Truth in Lending Act of 1968). This rule currently allows a homeowner who can prove that they were not given proper disclosure on their loan up to 3 years to cancel the loan. Current law says in such a case, the lien on the home must be removed so the homeowner can use the home to get a new mortgage to pay off the first. [Read more]

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GOP, Democrats to Spar Over Taxes on 0.11% of the Estates of the Wealthiest Americans

by NCD 11/29/2010 - 10:21 pm

Millionaire and billionaire Dagbloggers take note: if you die before Dec. 31st, 2010, as Cynthia Lummis (R-Wyoming) claims some of her constituents may do to avoid taxes, you can RIP knowing Uncle Sam did not get one cent of your hard earned fortunes, your designated heirs got it all. For the rich not dying this year an estate tax calculator may help determine your obligation under the most recent estate tax rate in 2009 law. While the long term unemployed lose their benefits, while the two wars started by George W. [Read more]

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