New derivatives legislation "was probably written by JPMorgan and Goldman Sachs"
Who drafted this dubious piece of legislation? Bankers (or their lawyers) did. The leading sellers of derivatives are an exclusive club of five very large financial institutions--Citigroup, JPMorgan Chase, Bank of America, Morgan Stanley and Goldman Sachs--that hold 95 percent of the derivatives exposure among the largest banks (the total contract value exceeds $290 trillion). These are the same folks who toppled the global economy and compelled government to intervene with gigantic bailouts.
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Swine flu vaccine for swine at Golden Sacks
The Lords get the vaccine while the peasants wait in line. What could be more natural or fair?
Today, Citizens for Responsibility and Ethics in Washington (CREW) asked Health and Human Service (HHS) Secretary Kathleen Sebelius to investigate why the Center for Disease Control (CDC) approved the distribution of the H1NI vaccine to Wall Street firms at a time when the vaccine is unavailable to most Americans.
Recent news reports indicate 13 companies, including Citigroup, Goldman Sachs, JP Morgan Chase and Time Warner, have been cleared to receive the vaccine.
Melanie Sloan, executive director of CREW said today, “Although CREW has been unable to uncover the demographic makeup of Goldman Sachs, Citigroup, and JP Morgan Chase, it seems safe to assume the vast majority of their employees are not pregnant women, infants and children, young adults up to 24 years old, and healthcare workers.”
No, seriously.
Audit the Fed? That's for fucking moderates!
[I]f you think they haven't tossed the bodies in the water by now you're out of your damn mind. The Fed knows as long as it can buy enough time it will weasel its way out of this one way or another and if not, at least they have enough goons to work overtime dissolving bones in vats of acid or whatever it is they've got to do.
Silly rabbit, audits are for kids. If we're going to dismantle the Fed, we're A) going to have to come at them with something scarier than an audit (doesn't Citigroup pass its audits every year? That's what I thought.) and B) next time surprise attack their asses. Seriously? They've had months to bury bodies. Lehman was over a year ago. What's the delay? We're acting as though we're not dealing with a diabolical cabal over here, WTF
?
The Fed doesn't need an audit, it needs a good sadistic proctologist and a nice hard spanking. For starters.
Well, er.




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