Goldman Sachs Fined $6 billion to Settle Faulty Mortgage Claims from the 2008 Financial Crisis. No Worries! They got $13 Billion in Taxpayer Bailout Funds

The New York Times reported “Goldman is trying to enter 2016 with a clean slate and put much of its outstanding regulatory issues behind it.” The Times quoted Lloyd Blankfein, CEO of Goldman Sachs as saying, “We are pleased to have reached an agreement in principle to resolve these matters.” Not a single Goldman Sachs […]

The Wall Street Bailout: A Financial Coup d’etat

The Emergency Economic Stabilization Act and Troubled Asset Relief Program (TARP), commonly referred to as a “bank bailout,” authorized the US Secretary of the Treasury to spend $700 billion (actually spent more than double that) of taxpayer dollars to purchase distressed assets, especially mortgage-backed securities (MBS). Instead, the funds were given to foreign and domestic banks to […]

2007-08 Financial Collapse Begins with the Filing for Bankruptcy by New Century Financial

New Century Financial, one of the largest sub-prime lenders in the US, filed for Chapter 11 bankruptcy on April 2nd of 2007, beginning the collapse of the financial market in 2007 and 2008. “The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist […]

The Commodity Futures Modernization Act Signed into Law by President Bill Clinton which Deregulated Derivatives & Caused the 2008 Crash

In the waning days of the 106th Congress and the Clinton administration, Congress met in a lame-duck session to complete work on a variety of appropriations bills that were not passed prior to the 2000 election. There were other, unmet pet priorities of some lawmakers that were under consideration as well. One of those pet […]

The House Banking Committee Staff Report on Corporate and Banking Influence Reveals Connection Between Rothschild and Federal Reserve Cartel Banks

Aug 1976 – House Banking Committee Staff Report on Federal Reserve Directors: A Study of Corporate and Banking Influence: Reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New […]