The title of this post does not pertain to the specific incidents of the linked article, but rather to an overall assessment of the the FED’S control of political policy, currency, and the rule of law. Of course the FED wants to keep its cohorts at the banks in play, and that being understood, there they will stay: [...]

From stateofthedivision blog: Risky credit betting A.I.G pushed $5 billion in U.S. taxpayer funds to chronic tax cheater UBS. This is on top of $59 billion in capital injections via the Federal Reserve and the European Central Bank. How did UBS respond to taxpayer largess? They helped 17,000 clients illegally avoid taxes via offshore accounts. [...]

Now, where the fuck did I put that 12.8 trillion I had lying around here anyway?

As we all know, there is more than one way to extract payment for a debt. First it begins with bailouts. But governments, under the direction of their Imperial Economic Masters, have bailed out only a small portion of the derivatives confidence bubble–less than 7%–just enough to slow down the rate of collapse and restore the con(fidence). So if you [...]

Can you say “Secession”?

Well bust my britches, I never thought I’d live to see the day that the “untouchable” JP Morgan would get ZAPPED by the SEC for it’s disgusting derivatives scams, but sure enough, they will pay indeed – maybe they can set aside some of our hard-earned bailout money in their legal defense fund. I wonder [...]

I deleted an earlier post where I had used an overly simplistic calculation method in order to challenge the recently released stress test findings. Without going into great detail here, suffice it to day that based on PPIP’s 12:1 non-recourse loan leveraging of assets, I imputed a 65% differential between the notional and marketable value of toxic [...]