Not only did Goldman Sachs profit on betting against CDOs they designed to fail; more importantly, they insured them through AIG which led to a $182 billion taxpayer bailout.
Have you heard the news? It’s everywhere! The SEC and Congress have all of a sudden sprung to life and are now “getting tough” on Goldman Sachs. Is this all the first phase of a long-awaited investigation that will reveal the causes of our current economic crisis, or is this just more show trials and psychological operations designed to manipulate public opinion and make the American people feel that our elected officials are finally standing up to their campaign funders on Wall Street?
April 28, 2010 — As U.S. cities and towns wrestle with financial problems, investors are finding a new way to profit on their misery: by buying derivatives that essentially bet municipalities will default. Across the ocean, Greece’s debt mounting by the day and the United States starting to recover from the worst financial crisis since the Great Depression, will there be a ripple effect from Greece’s troubles?
If one listens to the corporate media and/or ‘political mainstream’ — which one should never of course do — one might find that s/he is an extremist. If one is for peace, like Jesus of Nazareth; s/he might be an extremist. If one is for racial and economic justice, like Dr. Martin Luther King Jr.; s/he is probably an extreme radical. If one is for an economic bill of rights in this country, like the longest tenured president of the United States, Franklin Delano Roosevelt — to bring us more in touch with other civilized countries — s/he is almost undoubtedly against the free market and undeniably considered to be a recalcitrant Marxist agitator. This person in question is clearly just another one of the lunatic fringe in our society — probably a McVeigh or William Ayers sort, and far to the left of the ‘exceedingly liberal’ Obama.
The United States has six naval fleets and eleven aircraft carrier strike groups patrolling the world’s oceans and seas. The U.S. Navy is as large as the world’s next thirteen biggest navies combined .
Washington has more aircraft carriers than all other nations together. Russia has one; China has none. The U.S. and its NATO allies – Britain (2), Italy (2), France (1) and Spain (1) – account for 17 of 21 in service in the world. Ten of the eleven American carriers are Nimitz class nuclear-powered supercarriers, substantially larger than most all other non-U.S. ones. The U.S. Navy has all ten supercarriers in the world at the moment. 
“Plunder: The Crime Of Our Time” – Danny Schechter Takes on Wall St. in New Film
We speak with investigative journalist, filmmaker, and author Danny Schechter, ‘the News Dissector.’ His latest film features interviews with industry insiders to reveal how the financial crisis was built on a foundation of criminal activity. It’s called “Plunder: The Crime Of Our Time.” [Includes rush transcript]
I’ve helped unleash a blogging monster! Two weeks ago, I was delighted to receive an email from Morris Davis, the retired Air Force colonel and former chief prosecutor for the Military Commissions at Guantánamo Bay, who resigned when placed in a chain of command under the Pentagon’s General Counsel William J. Haynes II. As he explained in December 2007, Haynes had been involved in “authorizing the use of the aggressive interrogation techniques” — in other words, torture — which conflicted with his own insistence that prosecutors in the Military Commissions “would not offer any evidence derived by waterboarding, one of the aggressive interrogation techniques the [Bush] administration … sanctioned.”