Submitted by scoff on Fri, 06/22/2012 - 7:34pm
Matt Taibbi latest exposé in Rolling Stone is an eye-opener. He reports on a recently-concluded, and totally-ignored-by-the-MSM, trial that took place in Manhattan.
The Scam Wall Street Learned From the Mafia
The article reveals more than a decade of fraud perpetrated by TBTF banks and their middlemen. Read below the fold...
Submitted by JuliaWilliams on Wed, 05/11/2011 - 2:14am
Submitted by chicago dyke on Sat, 07/24/2010 - 8:34am
Not news to anyone here, but still worth repeating:
But it's not just wealthy individuals who grotesquely manipulate the system for their benefit. It's the multinational corporations they own and control. In 2009, Exxon Mobil, the most profitable corporation in history made $19 billion in profits and not only paid no federal income tax—they actually received a $156 million refund from the government. In 2005, one out of every four large corporations in the United States paid no federal income taxes while earning $1.1 trillion in revenue. Read below the fold...