Yesterday’s FOMC meeting announcement contained a number of surprises, the biggest of which was an acknowledgment from Fed Chair Ben Bernanke that the economic recovery was faltering. Not 10-days before he was telling everybody “don’t worry be happy”.
Posts under ‘Got to be kidding me!’
KPIG Radio / The Profit Motive June 9
When those at the top set the example for the rest of us to follow and that example is as perverted, morally and intellectually bankrupt as that which we have today. It begs the question, just where does the leadership, and I’m not just referring to the government, figure this is going to end up?
KPIG Radio / The Profit Motive June 8
Goldman Sachs continues to provide a stunning demonstration of hubris after revelations that it defrauded its clients and behaved in an unethical manner, perhaps rapacious is a better description.
Audit the Fed
You Own the Red Roof Inn, Thanks to the Fed; Why the Fed Does Not Want an Audit; America is Wall Street’s Sucker. “Let’s find out once and for all who owns the hotels, who owns the houses, and let’s try and put this wild beast that creates money out of nothing and jams it in the pockets of special interests like Maiden Lane, like Bear Stearns, like JPMorgan
KPIG Radio May 4
Epidemics of ‘Control Fraud’ Lead to Recurrent, Intensifying Bubbles and Crises, which of course is exactly what this is. Something to keep in mind next time some big wheel says “I didn’t know” or words to that effect, because they most certainly did know.
Statement by William K. Black before the House Committee on Financial Services
Chairman Frank, Ranking Member Bachus, and Members of the Committee:
Thank you for your invitation to discuss public policy issues arising from Lehman’s failure. I will address the six issues you asked that I comment on in your letter of invitation.
KPIG Radio April 19
Ethics, honesty, morality and other pleasantries may be the concern of Main Street but Wall Street clearly believes that it is beyond such trivial matters.
SEC files civil lawsuit against Goldman Sachs – Part 2
Dylan Ratigan MSNBC SEC files civil lawsuit against Goldman Sachs – Part 2 Source: Dylan Ratigan | MSNBC
SEC files civil lawsuit against Goldman Sachs – Part 1
Dylan Ratigan MSNBC SEC files civil lawsuit against Goldman Sachs – Part 1 Source: MSNBC | Dylan Ratigan
KPIG Radio April 14
Despite all of this the banks have the unmitigated bleeping gall to state that principal forgiveness is unfair, yet another shining example of their blatantly outrageous behavior that goes well beyond any sense of decency and or fairness.
