Thursday, February 09, 2012
1. NYT reveals Obama administration is allowing the big banks to repeatedly break the law
 
2. Forget mortgages... This could be the next HUGE bank scandal
 
3. We could be dangerously close to a global bank run
 
1. Richard Russell: This could be 2012's "market moving" event
 
2. Porter Stansberry: These facts show the "End of America" is coming
 
3. New report reveals Federal Reserve president owns millions in gold and platinum
 
4. Military insider: The Pentagon is lying about Afghanistan
 
5. This morning's "fantastic" jobs report is hiding some shocking news
 
Wall Street legend Jim Chanos: Banks just pulled off one of the greatest heists of all time
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Wednesday, May 13, 2009
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From Newsmax:

Kynikos Associates head James Chanos says banks knowingly booked inflated earnings when they sold the financial products that led to their downfall - and then those earnings wound up in bonus pools and lining bankers' pockets.

"It's the heart of one of the greatest heists of all time," Chanos told Forbes.

Chanos says that by booking assets at a higher than market price, banks effectively reported earnings that never existed. Those earnings first went into a bonus pool that was paid out to bank executives.

Read full article...

More on the great fraud of 2008 (there's a lot to cover):

Scandal: New York Fed chief resigns amid Goldman Sachs stock probe

Start your day by watching our commie Vice President tell you "it's time to be patriotic"

Former Treasury Secretary is either stupid or criminally negligent

This website is exposing one of the greatest frauds ever foisted onto the American public

Hank Paulson is either stupid or criminally negligent, Part II

Topics: Banks | Jim Chanos | Stocks
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