Those who have been following US financial markets for a long time know one thing for sure: markets are manipulated by the money interests. Many savvy investors I know and follow have suspected collusion and conspiracy between the banks and the powers that be. If you are among them, you would be right. Geithner and […]
Two years of business school education, and decades of experience in dealing with worthless securities is not enough to understand the complexities behind AIG bailout. Bernanke, one of the architects of the bailout, once expressed “outrage” over AIG executives getting bonuses. Today and this week both Bernanke and AIG will be in the news a […]
It has been widely reported that Goldman Sachs got a sweet-heart deal from the bailout arm of the US Treasury, courtesy the then Treasury Secretary Paulson and the NY Fed Chairman, Tim Giethner. Tomorrow’s hearings on Capital Hill about AIG bailout has already shed a lot of light on the skeletons in Goldman’s closet. I […]
This news is at least 10 days old. But it is important enough to share with you. [This story is a bit of an extension on the post that was lost earlier: “Is Geithner Goner?”] This guy’s name is Stephen Friedman. While he was the Chairman of NY Fed, he oversaw the bailout of Goldman […]
