FinanceNewsRecord

with hundreds of billion$ of dollar$ in aid spent... - LAT - FriendFeed

2010-01-14T10:12:00.000-08:00

with hundreds of billion$ of dollar$ in aid spent yearly on help to Africa, everybody would have to have a Porsche down there.

The problem is wild capitalism, aid is stolen by corrupted generals, who promptly stolen money deposit back in Western banks, or spend on arms and wars.... capitalist aid - IMF, World Bank - keeps countries actually dependent, underdeveloped, impoverished, ready to be exploited by western monopolies and colonial powers.

with hundreds of billion$ of dollar$ in aid spent... - LAT - FriendFeed

Where's the next Dubai? - Crisis of wild robber war capitalism

2009-12-02T18:12:00.000-08:00

aid agencies like the IMF and the European Union have provided emergency funding to limit the depth of the economic downturns in troubled nations such as Hungary, Ukraine and Latvia. The IMF said in September it has made $163 billion of lending commitments since the collapse of Lehman Brothers.

Where's the next Dubai? - Dec. 1, 2009

Inflation a Risk Without Foreign Debt Buyers: Robertson - Economy * US * News * Story - CNBC.com

2009-09-28T11:17:00.000-07:00

US May Face 'Armageddon' If China, Japan Don't Buy Debt.

US is too dependent on Japan and China buying up the country's debt and could face severe economic problems if that stops. We could see 15-20% inflation.

The only way to avoid the problem, he said, is to "grow and save our way out of it."

The U.S. has to quit spending, cut back, start saving, and scale backward

Inflation a Risk Without Foreign Debt Buyers: Robertson - Economy * US * News * Story - CNBC.com

China alarmed by US money printing - Telegraph

2009-09-09T01:17:00.000-07:00

"The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy."

China alarmed by US money printing - Telegraph:

Russia’s super-rich feel the squeeze - many oligarchy capitalists lost up to 90% in the present financial crisis.

2009-09-03T09:19:00.000-07:00

Russian oligarchy capitalism, worth of people with at least $1 bill - $450 billion in 2008, shrunk in crisis to $107 billion in 09. Alekperov, Lukoil, $7.6 bill, Abramovich, Chelsea, $2.78 bill, Deripaska lost 90%, $40 bil to $5 bill. Finans magazine.

Children of Russia’s super-rich feel the squeeze - Times Online

I'm calling for a national strike, one designed to close the country down for a day.

2009-08-23T23:41:00.000-07:00

The intent? Real campaign-finance reform and strong restrictions on lobbying. Because nothing will change until we take corporate money out of politics. Nothing will improve until our politicians are once again answerable to their constituents, not the rich and powerful.

Larry Flynt: Common Sense 2009

The secret history of TARP: How Goldman bailed out Goldman. US government handed over $85 billion to rescue the troubled insurance giant AIG.

2009-08-08T19:52:00.000-07:00

"AIG’s outstanding debts to Goldman Sachs meant that $13 billion of the money handed over to AIG went directly to Goldman Sachs."

Raw Story � The secret history of TARP: How Goldman bailed out Goldman…:

http://www.nytimes.com/2009/08/09/business/09paulson.html

Top Ten Best National Parks You Don't Know About

2009-08-03T23:38:00.000-07:00

Top Ten Best National Parks You Don't Know About

National Parks USA - http://NPS.gov

9/11 WTC is a controlled demolition - per irrefutable scientific evidence - http://ae911Truth.org - http://wacla.org - http://911Blogger.com - http://911Truth.org

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses

2009-07-31T23:12:00.000-07:00

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses:

"Last year, while the bank crashed, CEO Ken Lewis made $6,019 an hour"

According to a recent report by New York Attorney General Andrew Cuomo, Bank of America issued $3.33 billion in cash and stock bonuses to executives in 2008, despite receiving $45 billion in bailout funds

The United States has become dangerously dependent upon the whims of foreign investors, to help finance its massive budget deficits -

2009-05-23T16:36:00.000-07:00

monetary base rise - money printing - inflation

- and prevent a surge in long-term interest rates, which would have a devastating impact on the US economy.

If bond or currency traders detect that big investors in US government bonds, such as China, Japan, OPEC, Russia, and Brazil, have ceased to buy US Treasury debt, or worse yet, are becoming net sellers, it could spark a sharp slide in US Treasury notes, sending yields sharply higher, and ignite a free-fall in the US dollar.

http://www.seekingalpha.com/article/138966-is-the-u-s-dollar-headed-for-a-mighty-crash-part-i?source=quickread

..right We all know this.

How AIG Became Too Big to Fail. Years of unregulated and risky deals exposed the insurance giant to catastrophic losses.

2009-03-19T13:07:00.000-07:00

Roky bez regulace, riskantni kroky vedly ke katastrofickym vysledkum. Cena bankrotu? 3.5 bil Kc.
Paying bonuses to the same people who created the mess. With our money. A look at why a dark corner of the global economy is costing taxpayers $170 billion

www.time.com
http://time.chtah.com/a/hBJwjBMBASRffB7SaZ6$hvkna6O/time17-0

AIG, new loss of $62 bill in 4th quarter of 2008. Governement already owns 80% of AIG

2009-03-01T17:10:00.000-08:00

As result of the earlier interventions, which included a $60 billion loan, a $40 billion purchase of preferred shares and $50 billion to soak up the company’s toxic assets, gov owns 80% of AIG.
Now the deal would have the government commit another $30 billion.

http://www.nytimes.com/2009/03/02/business/02aigweb.html?hp

CitiGroup, Bank of America nationalized?

2009-01-23T12:06:00.000-08:00

"It may not be de jure nationalization but I think it’s de facto nationalization"

The U.S. government’s decision to pledge billions of additional dollars with strings attached to Citigroup Inc. and Bank of America Corp. may be nationalization by another name, according to former bankers and regulators.

Citigroup, based in New York, tumbled 56 cents, or 15 percent, to $3.11 yesterday on the New York Stock Exchange. Bank of America plunged 97 cents, or 15 percent, to $5.71. The 24- company KBW Bank Index has dropped 38 percent in 2009, following last year’s 50 percent decline.

While avoiding steps taken by the U.K., which this week acquired a 70 percent stake in Royal Bank of Scotland Plc, U.S. regulators are no longer passively injecting capital into the nation’s biggest banks.
Investors have fled, sending Citigroup and Bank of America down by more than 50 percent this year, on concern that tougher U.S. oversight is coming

http://www.bloomberg.com/apps/news?pid=20601087&sid=ayHp841RcKAY&refer=worldwide

Credit Suisse, Madoff scheme loses.

2008-12-28T13:03:00.000-08:00

Credit Suisse clients may have lost up to 1 billion Swiss francs ($925.9 million) on investments connected to accused swindler Bernard Madoff.

http://www.reuters.com/article/
newsOne/idUSTRE4BR19920081228

$50 billion Scheme

2008-12-15T11:10:00.000-08:00

The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes is growing, snaring some of the world's biggest banking institutions and hedge funds, the super rich and the famous, pensioners and charities.

The alleged victims who sunk cash into veteran Wall Street money manager Bernard Madoff's investment pool include real estate magnate Mortimer Zuckerman, the foundation of Nobel laureate Elie Wiesel, and a charity of movie director Steven Spielberg, according to The Wall Street Journal.
http://news.yahoo.com/s/ap/20081215/
ap_on_bi_ge/wall_street_arrest

Some of the biggest and best-known names in global finance are calculating they may have lost nearly $2 billion in an alleged $50 billion pyramid scheme that led to the arrest of a New York financier last week. Bernard Madoff, a former chairman of the Nasdaq exchange market, was arrested on a single securities fraud charge, CNNMoney reports
http://money.cnn.com/2008/12/15/news/newsmakers/
Madoff_exposure/index.htm?postversion=2008121508