Posts Tagged ‘Timothy Geithner’

News and views from around the web posted to the Wonderland Wire:

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Daily Briefing—4th Aug 2010

Posted: 4 August 2010 by Editors in Daily Briefing
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News and views from around the web posted to the Wonderland Wire:

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Congress and the media further narrow the ‘Wall St. reform debate’ performance.

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As the government projects its debt to reach $19.6tn by 2015, it also asserts the debt will not surpass GDP…. lolwut?!

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Dave Lindorff on Obama: as guilty as Bush, the war criminal.

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The second episode of Max Keiser’s new show on Russia Today: “‘Keiser Report’ is a no holds barred look at the shocking scandals behind the global financial headlines. From the collusion between Wall Street and Capitol Hill to the latest banking crime wave, from bogus government economic statistics to rigged stock markets, nothing escapes the eye of Max Keiser, a former stockbroker, inventor of the virtual specialist technology and co-founder of the Hollywood Stock Exchange. With the help of Keiser’s co-host, Stacy Herbert, and guests from around the world, ‘Keiser Report’ tells you what is really going on in the global economy.” – 26 Nov 09 (26:19):

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The treasury secretary and chairman of the House Finance Services Committee have unveiled a bill being referred to as the bailout of 2008 “on steroids”, Adrianne Appel at Inter Press Services (IPS).


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Looking into the derivatives crisis and major players that manufactured the economic crisis, anything short of killing the ‘Creature from Jekyll Island’ would be unjust.

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Advisers to Treasury Secretary Timothy Geithner have “reaped millions working for banks”, Robert Schmidt reports at Bloomberg.

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At a G-20 meeting, Europe focuses on bankster bonuses as the U.S. urges for reserves increase.

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Former Goldman Sachs CEO and Bush Administration Treasury Secretary Henry “Hank” Paulson issued himself an “ethics waiver” to handle the details of the U.S. bailing out Goldman Sachs, along with White House counsel.

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Pakistan Taliban denies U.S.-Pak reports its leader was killed; 54% of Americans oppose Afghan War; U.S. kills five Afghan cucumber farmers thinking they were loading munitions; ‘Iran unlikely to produce uranium for a nuke ’til at least 2013′, U.S. intel says; U.S. dollar hits ten-month low; Georgia and Russia continue ‘warlike rhetoric’; E.U. seizes Indian generics to compete on the market because of patents… (more…)

‘Wall Street banks are reaping outsized profits by trading with the Federal [sic] Reserve,’ Henny Sender reports today. The FED is one of Wall Street biggest customers for shit with no value. “You can make big money trading with the government,” said an executive at a leading investment management firm. “The government is a huge buyer and seller and Wall Street has all the pricing power.”

If you’re unsure how this works, msnbc’s Dylan Ratigan recently broke it down real well (8:39):

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Kevin Carson breaks down the hypocrisy of the Democratic Party ‘philosophy’.

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Bush Administration considered breaking the Posse Comitatus Act in 2001 to have the military arrest people on U.S. soil; U.S. admits it has no evidence to supporting holding teenager at Gitmo; India launches nuclear sub; U.S.-allied refugees labeled “terrorists”; Police sodomize man with taser; and more… (more…)