It seems that nary a day goes by without some new seismic political scandal breaking in Spain. In just the first few days of April, King Juan Carlos’ daughter, La Infanta Cristina, was charged with aiding and abetting her husband, Iñaki Urgangarin, in his myriad scams to embezzle money from the public purse.
"MERS Helps Wall Street Steal Your Home" From Great Leap Forward site(L. Randall Wray) April 10, 2013
This needs to be widely distributed.
This is a webinar put together to assist resistance to the bankster frauds in seizing properties, when they have no legal basis to do so due to the securitization process which includes MERS the Mortgage Electronic Records Service which violated contract law at the outset and then enabled the robo-signer scamming of the process.
This is probably the bluntest and most compact overview of the econo-mafioso thuggery that has been going on at an ever accelerating rate since Reagan, which makes the BHO admin the current pinnacle with its looting of US infrastructure including SS, Medicare, public education, and much more. In many ways it is the bringing back home the practices accomplished by the World Bank and the IMF in looting "developing countries."
Use this link http://www.litopia.com/radio/the-love-of-money/
British Prime Minister David Cameron and his Chancellor George Osborne are currently enforcing “savage” spending cuts that, in Cameron’s own words, “will change our whole way of life”.
What have the British people done to deserve this punishment?
Tonight’s guest, Professor L. Randall Wray, has got some very revealing answers.
If you want to know how we got in this mess – listen to this show.
If you want to know what’s going to happen next – listen to this show.
Pope Francis I speaks from the central balcony of St. Peter's Basilica, March 13, 2013.
Now that the smoke has cleared—figuratively and literally—in Vatican City, one of the many issues facing the new head of the Catholic Church is pressure to clean up the Vatican's finances.
On the one side are those seeking greater transparency. On the other are those seeking to preserve the status quo and continue to operate under a blanket of secrecy.
The Vatican Bank and America's banks have much in common—both have lost their way, and now efforts are underway to rein them in.
Which Aspect of the FDIC’s Litigation Failures is the Most Embarrassing and Damaging? By William K. Black NEP/UMKC,, 03/12/2013
On March 11, 2013 the Los Angeles Times published a revealing article by E. Scott Reckard entitled: “In major policy shift, scores of FDIC settlements go unannounced.”
The article’s summary statement captures the theme nicely. “Since the mortgage meltdown, the FDIC has opted to settle cases while helping banks avoid bad press, rather than trumpeting punitive actions as a deterrent to others.”
The Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big Banks Is Killing, NOT Saving, the Economy
By Yves Smith of Naked Capitalism
U.S. Attorney General Eric Holder said today:
*I am concerned that the size of some of these institutions [banks]becomes so large that it does become difficult for us to prosecute them* when we are hit with indications that if you do prosecute, if you do bring a criminal charge, *it will have a negative impact on the national economy, perhaps even the world economy*
For centuries, scientists and philosophers attempted to turn cheap base
metals into the precious gold and silver used as ancient coinage. Now,
bankers are endeavouring to achieve a Wall Street equivalent.
Known as “collateral transformation”, this new business is emerging as a
rare bright spot in the banking industry. On Wall Street, where new
regulations and competitive pressures have hurt profits, there are hopes it
will boost bank earnings.
Yet collateral transformation – which involves turning relatively risky
"Control Frauds Continue to Maim and Kill" By William K Black, UMKC, New Economic Perspectives, Dec. 31, 2011
The financial scandal and the Great Recession that it caused have understandably captured the bulk of our attention, but we must not lose sight of the fact that “control frauds” continue to maim and kill enormous numbers of people and damage the environment and society throughout the world. Several examples of these frauds have led to recent press reports. I write to point out that control fraud is the common feature of these scandals.