About a half-hour into a conference call with reporters Friday afternoon, senior Internal Revenue Service official Lois Lerner said something she will regret. “I’m not good at math,” she confessed as she tried to summon a statistic. IRS, call your office. Lerner clarified that she is a lawyer and not an accountant (a fair defense) but the remark instantly blew up on Twitter — an IRS official being bad at ma ...

Nearly 40,000 homes in Spain have been seized by banks in 2012, due to foreclosures, official data shows. Spanish Guardia Civil members evict a woman from her home in Chovito on the island of Tenerife (Photo: Press TV) he central bank reported on Friday that a total of 39,167 homes were seized last year after homeowners were not able to make payments. The number of evictions was based on a survey of lenders ...

WASHINGTON (AP) — The Internal Revenue Service inappropriately flagged conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt status, a top IRS official said Friday. Organizations were singled out because they included the words "tea party" or "patriot" in their applications for tax-exempt status, said Lois Lerner, who heads the IRS divis ...

Attorney General Kamala D. Harris today filed an enforcement action against JPMorgan Chase & Co. (Chase) alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 Califo ...

In a deal the Icelandic, UK and Dutch governments had struck and thought would get voted through, the people of Iceland voted in a referendum to not pay back the UK and Netherlands the money they lost in the Icelandic bank collapse. Good for the people of Iceland for telling the UK and Dutch UP YOURS ! Start from asking why was this money deposited in such abnormally high interest accounts, who was launderi ...

Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet. They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 mi ...

If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately. It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people. The Federal Reserve system is the primary reason why our currency has declined in val ...

If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people.  The Federal Reserve system is the primary reason why our currency has declined in v ...

Why are Greece, Spain, Italy, Portugal and so many other countries experiencing depression-like conditions right now? It is because they have too much debt. Why do they have too much debt? It is because they allowed themselves to become enslaved to the bankers. Borrowing money from the bankers can allow a nation to have a higher standard of living in the short-term, but it always results in a lower standard ...

Oskar Lafontaine, the German finance minister who launched the euro, has called for a break-up of the single currency to let southern Europe recover, warning that the current course is "leading to disaster". "The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt," he said. "The Germans have not yet realised that south ...