The Subprime Conspiracy

Many people now believe that the financial crisis was not an accident. They think that the Bush administration and the Fed knew what Wall Street was up to and provided their support. This isn't as far fetched as it sounds. As we will show, it's clear that Bush, Greenspan and many other high-ranking officials understood the problem with subprime mortgages and knew that a huge asset bubble was emerging that threatened the economy. But while the housing bubble was more than just an innocent mistake, it doesn't rise to the level of "conspiracy" which Webster defines as "a secret agreement between two or more people to perform an unlawful act." It's actually worse than that, because bubblemaking is the dominant policy, and it's used to overcome structural problems in capitalism itself, mainly stagnation.

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Why a Criminal Case Against Goldman Sachs Matters and Why Charges Could Stick

Goldman Sachs used to be the firm that pursued top government posts; now government is in hot pursuit of it, and not in a good way. The SEC has charged the firm and an employee, Fabrice Tourre, with securities fraud and the Justice Department has commenced a criminal investigation, according to news reports. Change appears to be swallowing Goldman Sachs. It began quietly moving out of its storied and staid headquarters at 85 Broad last Fall to flashy new multi-billion dollar digs at 200 West Street, including a 54,000 square foot gym (roughly the size of 20 homes for average Americans; those who can still afford one after the Wall Street pillage). And after the release of internal emails by the SEC and Senate, Goldman looks more like a sleazy boiler room pump and dump operation in drag than an investment bank (in drag as a bank holding company).

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Obama Admin Warned by NOAA It Was Underestimating Offshore Drilling Risks-- To Be Expected Given Big Money

The admin was warned but it had a political agenda and a government infrastructure still primarily made up of Bush appointees who earned their jobs by blocking regulations When the Obama administration was developing its new policy on offshore drilling, it was warned by NOAA (National Oceanic & Atmospheric Administration) officials that the risks were being underestimated, Dan Froomkin of the Huffingtonpost reports,

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"Hey Dad, Why Does This Country Protect Billionaires, and Not Teachers?"

Last week, thousands of New Jersey public school students walked out of class to protest draconian school budget cuts. “Save my teacher,” their signs read. In a state that is home to a bevy of high finance billionaires, with the highest per capita income in the nation, teachers are being sacked left and right. In our town half the student body protested outside the high school. Perhaps the protesters should turn their eyes towards the twenty-five top hedge fund honchos who took in $25 billion in 2009. Their “earnings” alone could fund 658,000 entry level teachers.

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Celente Predicted Pakistani Terror As A Top Trend For 2010 - More Terror To Come

KINGSTON, NY, 4 May 2010 — Months prior to the release of the Trends Journal’s “Top Trends for 2010” – on radio, TV, in Trend Alerts® and press releases – Gerald Celente forecast a new wave terror strikes against the United States. He predicted the time, the place, the who and the how.

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JudeoFascists Attack Home of Progressive Rabbi Michael Lerner

My book’s due in 5 days, so I don’t have time to offer much commentary on this story (how about that for an extraneous plug?), but I note we haven’t run anything on it yet … (JTA) — The northern California home of Rabbi Michael Lerner, editor of the progressive Tikkun magazine, was vandalized.

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New Studies Expose Potential Risks of GMO Trees

New Studies Expose Potential Risks of GMO Trees Red Flags Raised About Potential Negative Impacts of Proposed Large-Scale Release of Genetically Engineered Trees in the U.S. WASHINGTON - May 4 - While the U.S. Supreme Court hears its first-ever case involving a genetically modified organism, alarms are sounding over the proposed planting of more than a quarter of a million genetically engineered (GE) eucalyptus trees in the U.S., and transgenic trees are being globally condemned.

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Globalisation helps spread 'exotic' diseases

MEDICAL MATTERS : Infectious diseases now more common in Europe DO YOU sometimes wish you could swap your ever-present but run-of-the-mill case of diabetes or asthma for something more exotic sounding? How about “well I’ve been diagnosed with Chagas disease” or “I’ve just shaken off the Chikungunya virus” as attention-grabbing conversation openers?

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Obama's Threat to Launch a Nuclear Attack on Iran

“This confrontation [between the forces of the Apocalypse and Israel] is willed by God, who wants to use this conflict to erase his people’s enemies before a New Age begins”. U.S. President George W. Bush (in a 2003 conversation with French President Jacques Chirac)

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The Criminalization of Wall Street: Will Any Exec at Goldman Sachs Go to Jail?

Will Goldman survive the assault? Will the threat of criminal charges being pursued against the world's leading investment bank spill over onto others on Wall Street? Is the criminalization of the crisis underway, or is all this just a maneuver?

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