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Federal Prosecutors Sue Bank of America Over Mortgage Program

  Federal prosecutors in New York sued Bank of America on Wednesday, accusing it of carrying out a mortgage scheme that defrauded the government during the depths of the financial crisis. In a civil complaint that seeks to collect $1 billion from the bank, the Justice Department took aim at a home loan program known as the “hustle,” a venture that has become emblematic of the risk-fueled mortgage bubbl ...

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Ben Bernanke wants to resign

US Federal Reserve Chairman Ben Bernanke will most likely step down from his position in January 2014, even if President Barack Obama stays for a second term, according to friends of the chairman. Bernake’s future uncertainty has caused the president to start thinking of replacements, should he be reelected, the New York Times reported. At the top of Obama’s list is Lawrence Summers, who served as Treasury ...

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NYPD block off whole JPMorgan building to arrest three teens

  JPMorgan headquarters in New York (Wikimedia) The entire 60 floors of JPMorgan Chase’s downtown New York office building were temporarily blocked off Wednesday so that three high-schoolers could be arrested, according to a news release from anti-corruption activists. The students were staging a sit-in protest at the bank headquarters, “demanding full disclosure of the bank’s anonymous political expen ...

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Bernanke Set To Unveil Number Larger Than “Eternity”

It was just over a month ago that the Chairsatan formalized the incorrect named QE 3, aka the open-ended QEternity, whose purpose, for now, was to increase the Fed's balance sheet by $40 billion/month in new MBS purchases. Well, according to MarketWatch, whose previously unheard of Greg Robb is seemingly vying for the role of Jon Hilsenrath, Ben Shalom is preparing to unveil a number bigger than eternity: " ...

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Bernanke Seen Attacking Jobless Rate With QE Through 2013

Play Have We Come to the End of the Bernanke Put? Federal Reserve Chairman Ben S. Bernanke says he’ll stoke the economy until the job market recovers “substantially.” That promise may force him to keep buying bonds until the final months of his term ending in January 2014, according economists in a Bloomberg survey.  Enlarge image Ben S. Bernanke, chairman of the U.S. Federal Reserve, center, and Senator Ma ...

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Did Big Pharma Kill Tony Scott?

Tony Scott, brother of Ridley Scott and British film director who was known for box office hits like Top Gun and Days of Thunder, leapt to his death from the Vincent Thomas Bridge in Los Angeles last August. Aside from blunt force trauma and drowning,the LA Coroner’s Office autopsy report has listed that Scott had antidepressants and sleeping pills in his system when he died. Therapeutic levels of the drugs ...

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World Bank Luminary: Breed Smaller People To Increase “Metabolic Efficiency”

In an article titled The Populations Problem written two days ago byHerman Daly, a former World Bank luminary and current professor at the University of Maryland suggests genetically designing smaller human beings to counter global population growth. Breeding smaller human beings, Daly asserts, “could be the simplest way of increasing metabolic efficiency (measured as number of people maintained by a given ...

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Your Taxes At Work

Here’s yet another fake “crime” that the Feds ginned up: two “workers” at Houston’s airport agreed to smuggle heroin onto international flights after “undercover investigators” suborned them. Those investigators are busy goons. They regularly trick the TSA’s dimwits into running drugs Our Rulers disapprove for them, too. Then there are the “terrorist plots” the CIA and FBI invent. Indeed, one wonders whethe ...

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Big Bonuses At Goldman Sachs For 2012

Goldman Sachs bankers are on course to scoop average payouts of £280,000 this year, after receiving a 15 per cent pay rise. The investment banking giant was yesterday accused of showing a 'complete lack of sensitivity’ by campaigners.   Figures released tomorrow are expected to show the average wage in Britain is just 1.6 per cent higher than a year ago. The bumper pay rise at Goldman Sachs means it would n ...

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All Banks Of Euro Area To Be Subject To Single Control Mechanism In 2014

All banks of the euro area will be subject to joint control mechanism since 2014, but the European Central Bank will give time for its entry into force - these are the main results of EU summit, which ended in Brussels, Euronews reports. France and the European Commission arrived at the summit keen to run ahead with a new European bank supervisory mechanism to be in place by January, but the cautious German ...

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Breaking: Romney’s “Bain Capital” Drug Front For Bush Cartel (Video)

I can’t guarantee the video you will see will save your grandchildren or bring back our freedoms. What I can guarantee is this:  Anyone who sees this will demand the immediate arrest of Mitt Romney and the entire Bush drug cartel. [A Long Editors Note:  This material is as much a disgrace to American media as anything else, on top of the Intel community who has sat by and watched these high level criminal o ...

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Ex Goldman VP – ‘An Unsophisticated Client Is The Golden Prize’ [VIDEO]

Greg Smith, the former Goldman Sachs vice president who notoriously resigned from the investment banking behemoth in a New York Times op-ed in March claimed the bank and Wall Street are taking advantage of uninformed clients to make money during an interview on CBS News' "60 Minutes." Clients that didn't understand complex investments or how Goldman Sachs structured its fees are a boon to the company, Smith ...

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