"Criminal and Civil Charges" possible for NY Fed
Prosecuting those who caused the financial crisis would lead to the next logical step: confiscating all the ill gotten gains and returning them to the people. The market went down and the people lost a bundle. The market is now back up and those losses are still in place. But guess who made a bundle on the fluctuation? This must be corrected.
Neal Barofsky dropped a bombshell in an interview with Richard Teitelbaum of Bloomberg.com yesterday. He indicated that individuals at the New York Federal Reserve Bank may be liable for criminal or civil charges. Barofsky is the Special Inspector General of the Troubled Assets Relief Program (SIGTARP).
PermalinkPOWER AND PRIVILEGE VERSUS TRUTH AND JUSTICE
Allen L Roland
The dilemma of today's world is that the pursuit of power and privilege is usually at the expense of truth and justice and therein lies the achilles heal of the power elite and the myths they perpetuate:
A new Rasmussen Reports national telephone survey shows that 54% of Americans lack confidence in the U.S. banking system ~ and rightfully so ! Unfortunately, we have an out of control credit-based financial system whereas power and privilege have prevailed and most certainly at the expense of truth and justice. As to the current SEC indictment, it will most likely result in a whitewash of Goldman and its executives or, at the most, a financial slap on the wrist ~ and, interestingly enough, Goldman hired former Obama White house legal counsel, Gregory Craig, to represent or more likely lobby on behalf of Goldman. Do remember, that Goldman was one of the two top contributors towards Obama's presidential campaign.
Gates’ ”Slavery Blame Game” Misses the Point
Written by Frederick Alexander Meade
In recent days an enormous discussion has taken form within many American quarters, as Dr. Henry Louis Gates has once again weighed in on the question of reparations for African Americans.
The Harvard Professor’s most recent article entitled, “Ending the Slavery Blame Game”, in which Gates produces information regarding those African nations which actively aided European slave merchants during the Trans-Atlantic Slave Trade has functioned to not only broaden the lens in which this tragic event may be viewed, but has also served to explain the complexity in which culpability may be assessed.
National Public Radio's (NPR) Pro-Israeli Bias
by Stephen Lendman
Since established in 1970, NPR ignored its public trust in favor of privilege, corporatism, militarism, imperial wars, and Israel's vilest crimes, including collective punishment, illegal occupation, targeted killings, land theft, dispossessions, home demolitions, crop destruction, mass incarcerations, torture, violence, and the 2008 - 09 Gaza war inflicting mass deaths, permanent injuries, vast devastation, and human misery against defenseless civilians, imprisoned under siege since June 2007, and afflicted by a dire humanitarian crisis as a result - exacerbated by conflict and intermittent attacks, issues NPR ignores or understates.
It's notorious for its biased, shoddy reporting, pseudo-journalism, creeping commercialism, distracting non-news, and deceiving listeners it's public, non-profit, and impartial. Savvy media consumers know better and tune them out for delivering the same slanted coverage found on major networks and in broadsheets like The New York Times, Washington Post, and others - grossly favoring power, and when it comes to Israel it's interests matter. Palestinian ones don't, so news is carefully filtered to distort facts, and report lies that when repeated enough become truths.
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