Saturday, April 6, 2013
Ex-Goldman Sachs trader admits to massive Fraud
In late 2007, Goldman Sachs trader Matthew Taylor placed an $8.3 billion futures bet and hid it from his bosses. he hoped to receive a seven figure bonus and boost his reputation at the company. Now, he faces a possible long prison sentence.
In a Manhattan courtroom earlier this week Taylor pleaded guilty to a single count of wire fraud for concealing the trades, which cost Goldman $118.4 million to unwind. Prosecutors recommended a sentencing range of 2 to 3 years, based in part on Mr. Taylor's compensation for 2007-$150,000 in salary and an expected $1.6 million bonus-rather than the loss suffered by Goldman.
This latest plea comes as time is running out for prosecutors and regulators to bring actions related to the events that occurred in the months leading up to and during the economic downturn.
Matthew Taylor's case is the latest of many young trader whose career took a turn in the final months of 2007, just as the country was bracing for the economic crisis that followed. How long he will face behind bars is still not known. sentencing is due for July 26.
Susan Modaress, Press TV, New York
All Wars Are Bankers' Wars ~ Mike Rivero
All Wars Are Bankers' Wars ~ Mike Rivero
War is not about starting or ending them, and even less about who win or who loose. War is always funded 100% on both sites by the global banks (The IMF) with only TWO goals: Population reduction / genocide / mass killing in order to get forward to their main goal: WORLD DOMINATION and this is done from the very start by making sure the IMF system is in total control over the DEBT their war create. Controlling the DEBT of war IS the main purpose, in order to not just control the countries but to TOTALLY take EVERYTHING over !!! In other words: The pure purpose of a war, is the war it self !!
The Whole Europe is on The Verge of Bankruptcy
Entire eurosystem on verge of bankruptcy: Lawrence Freeman
A political analyst tells Press TV that the banking crisis in Cyprus shows that the entire Euro system has been completely bankrupt and has failed. The comments came after Russian President Vladimir Putin said that the banking crisis in Cyprus has revealed the unreliability of Western financial institutions. In an interview on Friday with Germany's state-owned ARD television before an April 7 visit to the European nation, Putin accused Cypriot and European Union leaders of undermining confidence in Europe's banks by taxing deposits as part of the island country's international bailout agreement.
Webster Tarpley ~ Obama is Collapsing the Democratic Party
Webster Tarpley world crisis radio April 6 2013 edition North Korea, international economics, US domestic, Reverend Pinkney
Webster Tarpley is a philosopher of history who seeks to provide the programs and strategies needed to overcome the current world crisis. As an activist historian he first became widely known for his book George Bush: The Unauthorized Biography (1992), a masterpiece of research which is still a must read. Tarpley is a member of the "world anti-imperialist conference" Axis for Peace, of Scholars for 9/11 Truth and of a research Netzwerk of German 9/11 authors founded in September 2006. He is featured in the film, Zero: an investigation into 9/11 During 2008, he warned of the dangers of an Obama presidency controlled by Wall Street with Obama: The Postmodern Coup, The Making of a Manchurian Candidate and Barack H. Obama: The Unauthorized Biography. His interest in economics is reflected in Surviving the Cataclysm: Your Guide Through the Worst Financial Crisis in Human HistoryAgainst Oligarchy. He is currently completing a study of Pearl Harbor as an episode in Wall Street's war against President Franklin D. Roosevelt, the New Deal, and FDR's economic bill of rights. His books have appeared in Japanese, German, Italian, French, and Spanish. From 1974 to 1984, he was a correspondent in central Europe, during which time he co-authored Chi ha ucciso Aldo Moro (Who Killed Aldo Moro, 1978) a study of international terrorism. In 1979-80, he appeared as commentator for Teleradiosole, a television station in Rome. From 1984 to 1996, he was a correspondent in Washington DC. Tarpley is the co-author of George Bush: The Unauthorized Biography (1992), which has sold 30,000 copies and remains the only critical biography of the former President. In 1997 he published an anthology entitled Against Oligarchy: Essays and Speeches 1970-1996. These books can be consulted on the internet at www.tarpley.net. His 9/11 Synthetic Terror, the Bible of the 9/11 Truth Movement, has sold over 20,000 copies. His two books on Obama are virtually the only critical ones in print from a progressive viewpoint. Tarpley has lectured in numerous colleges and universities around the world. In 1995 he was named a consultant to the Universal Ecological Academy of Moscow. He holds an MA from Skidmore College and a Ph.D. in history from the Catholic University of America. Webster Tarpley's talk show World Crisis Radio is now broadcast on the Genesis World Report on GCNLive Free Internet Streaming Radio, Saturdays, 2:00 pm - 4:00 pm Eastern (1-3 Central, 11-1 Pacific), all 4 networks.
Webster Tarpley is a philosopher of history who seeks to provide the programs and strategies needed to overcome the current world crisis. As an activist historian he first became widely known for his book George Bush: The Unauthorized Biography (1992), a masterpiece of research which is still a must read. Tarpley is a member of the "world anti-imperialist conference" Axis for Peace, of Scholars for 9/11 Truth and of a research Netzwerk of German 9/11 authors founded in September 2006. He is featured in the film, Zero: an investigation into 9/11 During 2008, he warned of the dangers of an Obama presidency controlled by Wall Street with Obama: The Postmodern Coup, The Making of a Manchurian Candidate and Barack H. Obama: The Unauthorized Biography. His interest in economics is reflected in Surviving the Cataclysm: Your Guide Through the Worst Financial Crisis in Human HistoryAgainst Oligarchy. He is currently completing a study of Pearl Harbor as an episode in Wall Street's war against President Franklin D. Roosevelt, the New Deal, and FDR's economic bill of rights. His books have appeared in Japanese, German, Italian, French, and Spanish. From 1974 to 1984, he was a correspondent in central Europe, during which time he co-authored Chi ha ucciso Aldo Moro (Who Killed Aldo Moro, 1978) a study of international terrorism. In 1979-80, he appeared as commentator for Teleradiosole, a television station in Rome. From 1984 to 1996, he was a correspondent in Washington DC. Tarpley is the co-author of George Bush: The Unauthorized Biography (1992), which has sold 30,000 copies and remains the only critical biography of the former President. In 1997 he published an anthology entitled Against Oligarchy: Essays and Speeches 1970-1996. These books can be consulted on the internet at www.tarpley.net. His 9/11 Synthetic Terror, the Bible of the 9/11 Truth Movement, has sold over 20,000 copies. His two books on Obama are virtually the only critical ones in print from a progressive viewpoint. Tarpley has lectured in numerous colleges and universities around the world. In 1995 he was named a consultant to the Universal Ecological Academy of Moscow. He holds an MA from Skidmore College and a Ph.D. in history from the Catholic University of America. Webster Tarpley's talk show World Crisis Radio is now broadcast on the Genesis World Report on GCNLive Free Internet Streaming Radio, Saturdays, 2:00 pm - 4:00 pm Eastern (1-3 Central, 11-1 Pacific), all 4 networks.
ExxonMobil Tar Sands Oil Pipeline Ruptures in Arkansas an Environmental Armageddon
Environmental fears grow in US over Keystone XL Pipeline
Last week an Exxon-Mobil pipeline burst, spilling out thousands of barrels of crude oil into Mayflower, Arkansas, damaging homes, lands, waters and wildlife. 22 homes were evacuated as a result of the rupture. Though Exxon-Mobil is working on cleaning the spill and has publicly stated that it will pay for all clean up costs. Experts state oil companies have made promises like these in the past but have been slow in doing them, if they do them at all.
This corrosive oil is the same kind that will be transported in the controversial Keystone XL pipeline which cuts through the United States, sparking fears over the damage it might do should it also burst.
The Keystone pipeline is nine times the size of the pipeline which ruptured in Arkansas. Momentum against the keystone pipeline has been building. Last month, 40,000 protesters descended on Washington to demand president Obama stop the pipeline's construction.
Last week an Exxon-Mobil pipeline burst, spilling out thousands of barrels of crude oil into Mayflower, Arkansas, damaging homes, lands, waters and wildlife. 22 homes were evacuated as a result of the rupture. Though Exxon-Mobil is working on cleaning the spill and has publicly stated that it will pay for all clean up costs. Experts state oil companies have made promises like these in the past but have been slow in doing them, if they do them at all.
This corrosive oil is the same kind that will be transported in the controversial Keystone XL pipeline which cuts through the United States, sparking fears over the damage it might do should it also burst.
The Keystone pipeline is nine times the size of the pipeline which ruptured in Arkansas. Momentum against the keystone pipeline has been building. Last month, 40,000 protesters descended on Washington to demand president Obama stop the pipeline's construction.
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