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Apparently Big Tech isn’t the only sector that the U.S. government is exploiting to achieve its dystopian ends against Americans. An explosive new congressional report unveiled another field of abhorrent government collusion with financial institutions to surveil citizens’ private transactions. The House Judiciary Committee and its Select Subcommittee on the Weaponization of the Federal Government released a 36-page interim report March 6 outlining the extent of the “mass” government spying effort. “This financial surveillance was not predicated on any specific evidence of particularized criminal conduct and, even worse, it keyed on terms and specific transactions that concerned core political and...

NOTE The following text is a quote: www.whitehouse.gov/the-press-office/remarks-president-obama-and-president-medvedev-russia-us-russia-business-summit Home • Briefing Room • Speeches & Remarks The White House Office of the Press Secretary For Immediate Release June 24, 2010 Remarks by President Obama and President Medvedev of Russia at the U.S.-Russia Business Summit U.S. Chamber of Commerce, Washington, D.C. 3:08 P.M. EDT PRESIDENT OBAMA: Well, good afternoon, everybody. It is a pleasure to be here with my friend and partner, President Medvedev, and I want to thank him again for his leadership, especially his vision for an innovative Russia that’s modernizing its economy, including deeper economic ties between our...

Blanche Lincoln may represent Arkansas in the US Senate -- but given the pain she's trying to inflict on New York's financial sector, she might as well hail from London or Hong Kong. With talks under way to reconcile House and Senate financial-reform bills, the powerful Agriculture Committee chairwoman is reportedly working overtime to resurrect a plan that would force banks to part ways with their lucrative derivatives-trading operations. Which, in turn, would separate New York from a healthy chunk of its tax base -- and a whole lot of jobs. Few would dispute, of course, that the market for...

Bob (Janjuah) Is Back... And He Is Pissed Submitted by Tyler Durden on 11/02/2009 10:53 -0500 Asset Bubbles banking banks Ben Bernanke bernanke Bob Janjuah British Pound Bunds C China CPI Credit Debt Deflation Demographics earnings ECB economy Equities Euro European Central Bank Fail Failures Fiat FX GDP Gilts Gold greed Gross Domestic Product History IG Inflation ISM Japan Key money pay policy prices RBS Recession risk stocks Turkey Unemployment United Kingdom US USD USTs Volatility Bob's World: Happy Christmas, Cold Turkey Time There are 5 things that really matter now: There are 3 'players' - the Private Sector ('PS')...

WASHINGTON (Reuters) - U.S. banking regulators partially retreated from a much-criticized proposal to impose new rules on private equity investment in troubled banks, aiming to encourage responsible investment in distressed banks. The 4-1 vote by the Federal Deposit Insurance Corp board was a partial victory for potential investors and some regulators who had warned that an initial proposal unveiled in July threatened to scare away much-needed capital. The regulators lowered capital requirements and dropped or modified measures that could have required investors to kick in more capital after their initial investment. The rules will be further reviewed in six months....

About Nancy Pelosi. She says the Democrats share absolutely none of the blame for the current financial goings-on. She's wrong. In fact, she's lying because she knows here statement to be untrue. I'm going to unload on this when I get back, but here's your primer: 1. Almost all of the financial problems we see today are based on bad mortgage lending. That would be lending money to people to buy homes who didn't qualify for a loan. 2. The Democrats, under Clinton, strengthened a government-created monster called the "Community Reinvestment Act." This law was then used by "activists" and...