Tag Archives : Bailout


WSJ Book Review: ‘Stress Test’ by Timothy F. Geithner

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino WSJ Book Review: ‘Stress Test’ by Timothy F. Geithner     According to this review Mr. Geithner thinks quite a lot of himself. He takes credit (credit?) for the lion’s share of the TARP bailout, which he sees as a success and not as many have come to see […]

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The average Wall Street bonus is…

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino The average Wall Street bonus is…   Read More $164,000 Remember, this is the average bonus. Some are astronomically higher. (Some of course are also lower.) We at ACC have absolutely no problem with people making large piles of money, even in banking. Frankly we are all for it. […]


Your new landlord lives on Wall Street

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino Your new landlord lives on Wall Street     In the wake of the housing crash, wide swathes of the desert Southwest, Florida, Atlanta, parts of California, and other places were littered with relatively new homes which were empty. The pre-seeded lawn turf often hadn’t even taken root before […]

Probably not Wall Street renting this one.

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“Too Big To Fail” designation of banks makes economic disaster more likely

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino “Too Big To Fail” designation of banks makes economic disaster more likely     The big banks, which in 2008 nearly went belly-up because they were overleveraged and needed a taxpayer funded bailout in order to survive a reversal in the economic tide, are even bigger today. They pose […]


Okay Mr. President, you want to talk about “inequality”? Let’s talk about it.

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino Okay Mr. President, you want to talk about “inequality”? Let’s talk about it.     I woke up this morning to Steve Liesman on CNBC explaining the theme of tonight’s State of the Union Address. You see, since 1980 middle class wages have only gone up only 50% in […]

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Federal Reserve Whistleblower Tells America The REAL Reason For Quantitative Easing 2

  Source: http://theeconomiccollapseblog.com By Michael Snyder Federal Reserve Whistleblower Tells America The REAL Reason For Quantitative Easing   A banker named Andrew Huszar that helped manage the Federal Reserve’s quantitative easing program during 2009 and 2010 is publicly apologizing for what he has done.  He says that quantitative easing has accomplished next to nothing for […]


Whistleblower Explains How Banks Gamble With Customer Funds

  Source: http://www.occupycorporatism.com By Susanne Posel Occupy Corporatism Whistleblower Explains How Banks Gamble With Customer Funds   Cathy Scharf, former compliance officer, spoke at the Certified Anti-Money Laundering Specialists (CAMS) conference in Nevada; explaining how SunFirst Bank (SFB), a Utah bank, she worked for was “illegally processed at least $200 million for the offshore gambling […]

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Fed Czars go to War – Chuck Morse

Fed Czars go to War – Chuck Morse       Published by    NextNewsNetwork   For what may be the first time in the 100-year history of the Federal Reserve System, two candidates are publicly contending to replace the Fed’s outgoing chairman, Ben Bernanke. Janet Yellen, vice chairwoman of the Fed’s Board of Governors, […]


MSNBC: “Detroit is America’s Most Libertarian City”

Source: http://detroitrusttoriches.blogspot.com Posted by Karen DeCoster   MSNBC: “Detroit is America’s Most Libertarian City”   Don’t get too excited over that headline on MSNBC, because Ari Melber has not been reading my Detroit blog. MSNBC’s Ari Melber describes Detroit’s plight with the usual media rinse-and-repeat conventional spin straight from the standard script: debt up the wazoo, […]

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“I Refused To Let Detroit Go Bankrupt” – Barack Obama, October 2012

Source: http://www.zerohedge.com Submitted by Tyler Durden “I Refused To Let Detroit Go Bankrupt” – Barack Obama, October 2012   Just nine short months after proclaiming victory on his plan to save Detroit by throwing taxpayer money at the ‘problem’ of over-levered, over-unioned, and under-demanded auto manufacturers, it seems the ball is back in President Obama’s […]