Ex CEO of MF Global tells Congress that he has no idea where missing client money is, where are the handcuffs? ECB follows our lead to fix its banking crisis.
Posts under ‘Corruption’
KPIG Radio / The Profit Motive December 7
60-Miniutes does a great job outlining fraud and the current crisis, but, they merely state the obvious. I and 1000′s of blogs have been saying this for years.
KPIG Radio / The Profit Motive December 5
Massachusetts sues the big banks for foreclosure fraud. November ISM Services slips to 52. Factory orders drop .4% in October. Jon Corzine gets sued for lying.
KPIG Radio / The Profit Motive December 1
LPS reports that foreclosures hit a new record in October. The latest deal to bailout Europe puts most of the burden on the taxpayers once again, is this fair?
KPIG Radio / The Profit Motive November 29
Commodities brokers client funds not safe? CitiGroup faces trial, will the banksters finally get prosecuted? $700,000+ is not affordable housing, FHA thinks so.
KPIG Radio / The Profit Motive November 28
Black Friday sales are a big hit, or are they? Mixed October new homes sales. Judge Jed Rakoff slaps Citigroup and the SEC and sets a trial date next summer.
KPIG Radio / The Profit Motive November 22
Bank earnings hit a 4-year high of 35.3 billion in the 3rd quarter. MF Global’s failure involved off balance sheet derivatives. Q3 GDP gets cut to 2%.
KPIG Radio / The Profit Motive November 18
Will the US have another debt ceiling crisis? A criminal bankster complaint alleging wholesale notarization and signature fraud, we should have thousands!
KPIG Radio / The Profit Motive November 17
Ex Speaker Newt Gingrich knew in 2006 of huge mortgage lending problems, suggesting that everyone who claimed they couldn’t have seen it coming was lying.
KPIG Radio / The Profit Motive November 16
Fraud was a significant cause of the current crisis as per the FCIC report. Yet bank fraud prosecution has fallen every year since 1999 and 39% since 2003.
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.
