Tag: Big Banks

Most Corrupt Administration Ever…Obama DOJ – Wall Street Walks and Justice for Sale.

September 26, 2018May 8, 2012

by Steve MacDonald

From Breitbart.com…

Four of the top officials at the Department of Justice were all big money fundraisers for President Obama’s campaign with strong ties to Wall Street—the very entity President Obama and the Occupy Wall Street movement say must be criminally prosecuted for bringing about the biggest financial crisis in U.S. history.

Attorney General Eric Holder: formerly of Covington and Burling law firm, Holder has represented the Big Banks, such as UBS and MBNA Bank. Holder was Barack Obama’s campaign co-chairman and raised $50,000 for the president’s campaign.
Associate Attorney General Thomas Perrelli: a managing partner at Jenner and Block law firm whose clients include Merrill Lynch, Perrelli stepped down from his number three position at DOJ in March. A former member of Obama’s National Campaign Finance Committee, Perrelli has bagged $500,000 in campaign contributions.

Carol Is Still Batting .980

September 26, 2018July 2, 2010

by Steve MacDonald

Carol “98%” Shea Porter surprised several people when she offered to co-sponsor HR 1207, the Audit the Fed Resolution. The bill, sponsored by Republican Ron Paul would require an audit of the not so independent “independent” central bank.

The hobgoblins who run the Fed were not interested in an audit for obvious reasons. As the manipulators of monetary policy they were and are responsible for trying to manage the boom bust cycle or more appropriately (and more likely) causing it. But they were still part of the government, so for Carol to step up and make even a token gesture was unexpected.

Or was it?

Drop Dead Fed

September 26, 2018June 30, 2010

by Steve MacDonald

In the most recent issue of National Review Gary Wolfram, Professors of Economics and Public Policy at Hillsdale College wrote this in regard to Mises and Hayek’s Austrian business-cycle theory.

""This theory emphasizes the role of the interest rate in bringing together the plans of producers and consumers. The interest rate is the price of loanable funds — in effect, the price of money — and, like the price of any good or service, it gives producers information about consumers’ behavior and the actions of other producers. For example, if consumers wish to save — to put their money in banks, which lend it out — they will increase the supply of loanable funds, putting downward pressure on the interest rate. Producers can then borrow that money cheaply and invest in capital goods such as machinery, factories, and housing — which they can use to create goods for consumers to buy in the future with the money they have saved. Thus do producers and consumers arrive at the equilibrium interest rate, which matches producers’ plans to invest in capital goods with consumers’ desire to save.

HODE$

September 26, 2018May 11, 2010

by Steve MacDonald

Is Paul Hodes an addict feigning recovery when it comes to big money from big places? No. He’s just pretending because it’s an election year. But he’s happy to pay lip service to the faerie tale that Republicans are the party of big bankers, big business, and big money. First up, this lovely graphic from … Read more