by Charley James
Although the story is being widely reported across Europe and Asia, it’s received scant media coverage in the US.
AsiaNews along with other major media outlets outside the US are reporting that Italy’s financial police, the Guardia Italiana di Finanza, seized US government bonds worth US$134.5-billion from two Japanese nationals at Chiasso, located less [...]
Tag | AIG
The Italian Job: Border Police Seize $134-Billion In US Government Securities
Posted on 21 June 2009 by Charley James | Comments (0) | Tags: AIG, Bloomberg, Federal Reserve Bonds, North Korea, US financial journalists, US Government Securities
Will Geithner Fire Corporate America?
Posted on 06 April 2009 by Robert Reich | Comments (0) | Tags: AIG, Face the Nation, Fannie Mae, Freddie Mac, General Motors, GM Chairman Rick Wagoner, Robert Reich, Treasury Secretary Tim Geithner
by Robert Reich
Tim Geithner said on Sunday’s Face the Nation that the Treasury might fire the heads of big banks that depend on financing from the federal government, just as it summarily deposed Rick Wagoner, the former CEO of General Motors — and before Wagoner, the heads of AIG, Fannie Mae, and Freddie Mac. “Where [...]
Conflicting Accounts About Geithner’s Involvement With AIG Bonuses
Posted on 20 March 2009 by Denis Campbell | Comments (1) | Tags: AIG, AIG Scandal, Timothy Geithner
by Sharona Coutts, ProPublica
Treasury Secretary Timothy Geithner insists that he didn’t know the timing or size of the AIG retention bonuses that have caused so much fury over the last few days.
This is what he told The Washington Post:
“I was stunned when I learned how bad this was on Tuesday [March 10],” Geithner said. “I shouldn’t have been [...]
Temporary Targeted Hypocrisy
Posted on 23 February 2009 by Denis Campbell | Comments (0) | Tags: 2012 Republican Presidential candidate and current Loui, AIG, Assembly Minister for the Economy Ieuan Wyn Jones, at what point do the American people awaken and see the, better for them if the whole thing goes down in flames?, called out as “wearing rose-coloured spectacles”, Congress, David Gregory, Denis Campbell, Fannie, FDIC take-over of the TARPettes, Freddie, http://www.ukprogressive.co.uk/obvious-solution-to-glob, hurricane of elected civil servants somewhere wearing s, hypocrisy not limited to the USA, instead of blue ribbon panels or Economic Summits with, inward investment from the USA, Michelle Norris, NBC’s Meet the Press, No matter which side of the aisle or Atlantic you look, npr Radio, politicians committing mass murder-suicide, President of the Wales North American Chamber, quick to remind the banks also share the blame for maki, reminded they work for us, Republicans make the best used car salesmen, Roy Thomas, sheer madness of one party overtly destroying another’s, since Jindal himself was continually lobbying Washingto, strange the party that was in power for 8-years ran up, Temporary Targeted Hypocrisy, the market just woke up and realised President Obama is, the Party of No (the Tories/Conservatives) are hunkerin, tragic at best and criminal at worst, UK MPs are in full electioneering mode, Wales, Welsh Assembly, Westminster, “We can’t just be the party of No
By Denis Campbell
“When elephants fight, ants get killed.” Well we’re the ants and the elephants in Congress, Westminster and the Welsh Assembly need to be reminded they work for us. No matter which side of the aisle or Atlantic you look, politicians committing mass murder-suicide. The sheer madness of one party continually overtly destroying another’s [...]
Random Craziness from the Campaign Trail
Posted on 19 September 2008 by Denis Campbell | Comments (1) | Tags: "Foreclosure Phil" Gramm, 000-a-head Sept 25 fundraising events, 262-page amendment slipped into the appropriations bill, AIG, Bear Stearns, Blackberry, campaign proudly says he owns and uses a laptop, can't use a computer because of his war injuries, canceled her two-day swing through the Golden State, Carly Fiorina, CEO of EL Rothschild, clinton, Commerce committee, Conservatism has failed before my very eyes, Daily Kos, Daniel Henninger, David Brooks, Democratic National Committee’s Platform Committee, Douglas Holtz-Eakin, fact-fabricating generic Republican, Fannie Mae, FOX News, Freddie Mac, frittering away the Palin bounce, Froma Harrop, Hoffmania, isn't a drug lord, Lady Lynn Forester de Rothschild, Latin America and the entire region, Leonard Doyle, lose his temper and run against the Washington he's bee, married to international banker Sir Evelyn de Rothschil, McCain invented the Blackberry, McCain would emerge as a press-conference-avoiding, media-baiting, member of the National Information Infrastructure Advis, News from the Campaign Trail, Obama is an elitist, Obama's attacks on McCain's lack of computer expertise, Orange County, Orange County rally, Palin's presence electrified the GOP base in California, Paul Krugman, Philip Klein, Politico, President of Spain, Prime Minister Zapatero isn't from Mexico, Pundit round-up, responsible for the “miracle” of PDAs, risky mortgage-backed securities to investors, Santa Clara, Sarah blows off 15000 Orange County Republicans, scheduling problems", Secretary of Energy Advisory Board under President Clin, sell-out of her two $1, Sen. Chuck Hagel of Nebraska, Sen. Phil Gramm, Shaun Mullen, Spain join the Axis of Evil?, thrown under the campaign bus, two major California fundraisers, Walter Shapiro
Pundit round-up from The Daily Kos, Hoffmania and others
NY Times’ David Brooks: Damned if I know what’s going on. Conservatism has failed before my very eyes.
NY Times’ Paul Krugman: I do know what’s going on, and it ain’t pretty. There’s only one bright spot in the picture: interest rates on mortgages have come down sharply [...]
Are Ike, AIG, Merrill and Lehman Good News?
Posted on 15 September 2008 by Denis Campbell | Comments (0) | Tags: 9-figure earning fund managers and bankers, AIG, bank stocks have fallen 20%, bankruptcy, Barclays, behaviours became more sinister, best of all worlds, Black Monday, BofA, Bush Administration turned a blind eye, could make money however they wished, dodgy instruments, Dow losing 700-800 points, extradition treaties, Federal Reserve Chairman Alan Greenspan, financial world markets 6% off, frog-marching of those responsible to jail, fund managers, Hong Kong fund managers and bankers, Ike, keep the party going, leaving someone else to hold the bag, Lehman, London, make room in The Hague, managers would then retire in mock shame, Markets fell precipitously, Merrill, new brand of global criminal, New York, non-financial world, party is over, repackaging horrifically bad home mortgage loans as sec, rest of us have to pay the bill, safe in the knowledge government(s) would always bail t, said no, seizure of their ill-gotten gains (assets), shotgun wedding without Bear Stearns like bailouts, stability and sensibility, The City, their millions already safely invested, thumbed their noses, ticking bomb of AIG Insurance Group, transparency and sensible regulation, unbridled optimism and irrational exuberance, Wall Street, wiping smug “greed is good” grins, worldwide
Am I smoking something?
There is a perfect storm in financial world markets… 6% off by noon London time – equivalent of the Dow losing 700-800 points. This could be a Black Monday in New York with the bankruptcy of Lehman and worldwide, bank stocks have fallen 20% or more. And perhaps, finally, transparency and sensible [...]
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UK Progressive began during the 2008 US Presidential Campaign. It replaced two blogs: "Outside the Boundaries" (dedicated to US/UK Politics and Business) and "Fire the Guru!" an expose of charlatans in the Mind Body Spirit business. It was briefly known as The Vadimus Post from the Latin 'Quo Vadimus' or 'Where Are We Headed?'
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