America’s Teetering Banking System: “Where did all our deposits go?”

By Mike Whitney 31/01/08 “ICH” — – Somebody goofed. When Fed chairman Ben Bernanke cut interest rates to 3% yesterday, the price of a new mortgage went up. How does that help the flagging housing industry? About an hour after Bernanke made the announcement that the Fed Funds rate would be cut by 50 basis points […]

2008 election charade, part 2: White House bought by big money

Jan 15, 2008, 00:18 Email this article  Printer friendly page As previously written, the 2008 election is a manipulation, rigged by political elites working behind sock puppet candidates. This fact is even more obvious when one follows the money. What big money interests want OpenSecrets.org is one vital resource that tracks campaign money flows in detail, and virtually in […]

2008 presidential charade promises deepening of government criminality and expansion of war

By Larry Chin Online Journal Associate Editor Jan 10, 2008, 00:49 Email this article  Printer friendly page Every election in modern US history has been a criminal manipulation, choreographed and rigged by political elites and performed by hand-picked elite puppets, each backed by their teams of corrupt war criminals, intelligence/security “advisors” and think tank assets. The 2008 affair will […]

ARM Teaser Freezer Plan Designed To Help Banks, Not the Market

So it was that Henry Paulson came up with an idea… the ‘teaser freezer‘ plan. The ARM teaser freezer is being sold to the public as a way to protect homeowners. But it has another purpose, says a reporter from the San Francisco Gate, to help save the banks from their own bad judgment. “The […]

Former media mogul Conrad Black jailed

CHICAGO, Illinois (CNN) — A federal judge Monday sentenced former media tycoon Conrad Black to 6.5 years in prison for his role in defrauding shareholders and skimming $60 million from his Hollinger International newspaper conglomerate. Conrad Black’s media empire once stretched across three continents. Black, 63, was convicted in July of mail fraud and obstruction […]

US imposes sanctions on Iran

Are these to curtail Nuclear activity of to punish Iran for dumping the dollar? The Bush administration is imposing sweeping new sanctions against Iran’s defense ministry, its Revolutionary Guard Corps and a number of banks to punish them for purported support for terrorist organizations in Iraq and the Middle East, missile sales and nuclear activities, […]

“Rulers and Ruled in the US Empire”

James Petras is Binghamton University, New York Professor Emeritus of Sociology, whose credentials and achievements are long and impressive. He’s a noted academic figure on the left, a well-respected Latin American expert, and a longtime chronicler of the region’s popular struggles as well as being an advisor to the landless workers (MST) in Brazil and […]

Graft inquiry condemns World Bank

The World Bank has not taken corruption seriously enough and has resisted the efforts of anti-graft investigators, an official inquiry has found. Paul Volcker, former head of the US Federal Reserve Bank, said his inquiry into the bank had revealed a “siege mentality” at the troubled institution. Read more