Shocking – Goldman Sachs Documents List Financial Institutions with Whom Goldman Had Hedged The Risk of its Exposure to an AIG Default

“It’s as if the New York Fed used A.I.G. as a front man to bail out big banks all over the world,” Mr. Grassley said in a statement. “It took nearly two years for the public to learn these details, and they only were revealed because Congress wouldn’t take no for an answer. Taxpayers deserve … Read more

$40 Million Lawsuit Filed by Sarasota County Against Wells Fargo Bank

Now this is interesting… Someone over in Sarasota needs to follow this case and pull the files as they are submitted. Might find some good discovery and pleadings… A $40 million lawsuit has been filed by Sarasota County against Wells Fargo Bank, N.A. alleging improper investment advice with regard to the county’s securities lending portfolio … Read more

Deadbeat or Not? You Decide! Re: Lehman Brothers Holdings, Inc.

From the Hamlet Again, let’s revisit that “deadbeat borrower” stigma again. The pervasive yet hollow-toned propaganda aimed at diverting attention from the real perpetrators of the biggest scam in the history of the world by blaming the family whose scheming ways had them planning and executing the downfall of the global economy (and even worse, … Read more

The Rule of Law and Wall Street by U.S. Senator Ted Kaufman

Senator Ted Kaufman “Gets it” by U.S. Senator Ted Kaufman March 15, 2010 Mr. President, last Thursday, the bankruptcy examiner for Lehman Brothers Holdings Inc. released a 2,200 page report about the demise of the firm and which included riveting detail on the firm’s accounting practices. That report has put in sharp relief what many … Read more