Richmond gains 9 in January to 12. The fraudclosure settlement is out to the State’s AG’s for consideration. Another whitewash and giveaway for the banksters.
Posts under ‘Corporate Welfare’
KPIG Radio – The Profit Motive January 10
November Consumer Credit jumps 10%, its largest advance sine 2001. A new credit already, is that even possible? Borrowing your way to prosperity doesn’t work.
KPIG Radio / The Profit Motive December 9
The tab for the financial sector bailout 29.6 Trillion and counting according to the Levy Institute. Yet the regulators still do not enforce the rules or law.
KPIG Radio / The Profit Motive December 6
Real estate prices fall again as per CoreLogic and LPS. The Fed rebuts Bloomberg denying that it made 7.7 trillion in sweetheart deal loans at taxpayer expense.
KPIG Radio / The Profit Motive October 19
The Federal Reserve helps B of A move 53 trillion in largely unregulated derivatives to its FDIC insured division. If it goes bad us taxpayers are on the hook.
KPIG Radio / The Profit Motive August 25
Uncle Warren bails out B of A. Der Speigal unloads on Wall Street and the government. Schwab sues B of A and Citigroup for fraud and racketeering, ouch.
KPIG Radio / The Profit Motive August 24
Gold sells off hard after making nearly 1900/oz. Purchase mortgage activity hits a 15-year low. The CBO says don’t worry be happy, the deficits will disappear.
KPIG Radio / The Profit Motive August 22
Mixed economic data to begin the week. The muck slinging involving the credit ratings agencies continues. The banks actually got 1.2 Trillion in bailouts.
KPIG Radio / The Profit Motive July 25
June’s Chicago Fed NAI suggests that another recession is close. The GAO audit of the Federal Reserve is out, 16 trillion in secret loans, lawlessness etc. etc.
KPIG Radio / The Profit Motive June 27
Despite little significant data stocks marked decent gains for a second day. Following the usual spring and summer pattern Case/Schiller reported that home prices increased in April with a gain of .7% for the 20-City Index, the first advance in 8-months. 13 of the cities tracked posted a gain, 6 hit new lows, LA and [...]
Hi and welcome to The Profit Motive, I’m your host Caleb Lawrence. Once upon a time in America the media acted as the watchdog of the corporations and the state. In the modern era it’s all about ratings and profits, opinion has been substituted for news and frequently is presented as fact. Much like my daily radio show on KPIG 107.5 FM in Santa Cruz California and KPYG FM 94.9 Cayucos/San Luis Obispo California. A thousand Blogs were able to spot the current problems and many began discussing it years before it reached crises proportions. While there were exceptions, and these exceptions are becoming more common, the mainstream media failed to get it and largely continue to do so.
