The Next US President Will Be….

By Tony Cartalucci BlacklistedNews.com President George Bush, President Barack Obama, and presidential hopeful Mitt Romney all work for the exact same handful of corporate-financier interests. While they vary in how they dress up their methods of carrying out what is essentially a singular agenda, there is glaring continuity from one administration to the next in [...]

Conflict of Interest: Jamie Dimon is CEO of JPMorgan and Fed Board Member

Susanne Posel, Contributor Activist Post Jamie Dimon, CEO of JPMorgan Chase & Co. is a serving member of the board of the Federal Reserve Bank. Dimon was given his seat on the Fed’s board in 2007. He has enjoyed his position throughout the financial crisis that his and several other mega-banks have caused through irresponsible [...]

Iceland’s Amazing Peaceful Revolution – Still Not in the News

By voice13 Iceland’s peaceful revolution is a stunning example of how little our media tells us about the rest of the world. The following summation has been posted by countless people on Facebook; I’ve reposted it in its entirety: ICELAND (GP) – No news from Iceland? Why? Last we heard, people were rising up and [...]

How Do Bank Runs Start?

by Bix Weir, Road to Roota: How do bank runs start? Why do they happen so suddenly? What happens when a “too big to fail” bank actually fails? These are the questions that will be asked in the days and weeks that follow. Jamie Dimon showed his cards yesterday when he said this… “I do [...]

Top Ten Reasons to Oppose the IMF

The International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide its member countries with short term loans so they could trade with other countries (achieve balance [...]

Banks prepare for the return of the drachma

By Douwe Miedema and Sarah White LONDON (Reuters) – Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would be ready at the flick of a switch if its debt problems forced [...]

Bank of New York Mellon Chief Resigns in a Shake-Up Along with Over Six Hundred Bankers Worldwide No Explanations

By SUSANNE CRAIG New York Times Bank of New York Mellon’s chief executive and chairman, Robert P. Kelly, stepped down late Wednesday because of “differences in approaches to managing the company,” the bank said.Pressure on the bank has been growing for months. While it has avoided the mortgage woes that have bedeviled the nation’s biggest [...]

Goldman Sachs Tied to the Sordid World of the Monied Elite

Brandon Turbeville Activist Post If anyone ever doubted that Goldman Sachs could get any sleazier than the reputation the institution has garnered over the last few years, recent discoveries regarding the major bank’s ties to underage prostitution have served to aid in sullying the name even further. Earlier this month, Nicholas Kristof of the New [...]

Do the Wealthy Lie, Cheat and Steal More Than the Rest of Us?

By Richard Schiffman The simple answer appears to be “yes” — in certain circumstances. The research supporting this conclusion was not conducted by Occupy Wall Street, but at the University of California, Berkeley, where social psychologist Paul Piff and a team of graduate students devised a series of experiments to assess the effect of wealth [...]

Did Iceland forgive the majority of its citizens’ mortgage debt?

by Michael Laprarie In the case of Iceland the situation was more difficult, due in part to the much bigger proportion of the population that was affected, and to the wide presence of foreign currency mortgages. The government and the newly constructed Icelandic banks developed a template to be used in case by case restructuring [...]