Tag Archives: Grabfest

U.S. Deal With JPMorgan Followed a Crucial Call To Justice Department

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“On Sept. 24, four hours before the Justice Department was planning to hold a news conference to announce civil charges against the bank over its sale of troubled mortgage investments, Mr. Dimon personally called one of Attorney General Eric H. Holder Jr.’s top lieutenants to reopen settlement talks, people briefed on the talks said. The rare outreach from a Wall Street C.E.O. scuttled the news conference and set in motion weeks of negotiations that have culminated in a tentative $13 billion deal.  An account of the negotiations pulls back a curtain on the private wrangling to illuminate how the bank and the government managed to negotiate what would be a record deal.”

http://dealbook.nytimes.com/2013/10/20/u-s-deal-with-jpmorgan-spurred-by-a-phone-call/?_r=0

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Alexis Breaks Down The $13 Billion Chase Settlement

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“Today, we’ll be talking about the Department of Justice’s proposed settlement with JP Morgan Chase for $13 Billion.  This settlement is about making a number of open investigations and lawsuits go away. Now the good news is the settlement does NOT immunize JPMorgan from future criminal charges, but you should know that Jamie Dimon, the CEO of JPMorgan Chase has been getting really cozy with US Attorney General Eric Holder. He’s been hacing personal phone calls with Holder and staff at the Justice Department since as early as July, negotiating his own settlement, as the NYTimes reported.”

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A Confiscation Tax is Headed Your Way …

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“Scariest of all in the IMF’s assessment is the phrase: ‘If it is implemented before avoidance is possible.’ The IMF reflexively recognizes that the medicine it prescribes will not go down without force, and that those of us who can will rapidly seek ways to keep the government’s greedy paws away from our personal wealth. To counter that, the IMF implicitly advocates a blitzkrieg approach to governmental thievery. Imagine waking up some random Monday to find that the federal government has imposed a week-long ‘bank holiday’ that limits your access to your own money to maybe $200 a day through an ATM, and that the government is imposing a new ‘wealth tax’. Can’t happen here in America?”

http://thesovereigninvestor.com/2013/10/29/confiscation-tax-headed-way/

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Journalist beaten to death, encased in concrete for $100K in Magic cards

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“The twin brothers accused of beating a journalist to death and encasing his body in concrete murdered him for his rare collection of Magic game cards, it was revealed today.  Christopher and William Cormier, both 31, from Georgia, were arrested last month after the body of Sean Dugas, 30, was found stuffed in a plastic bag, encased in concrete and buried in their father’s backyard.  In August, the Cormier brothers allegedly broke into Dugas’ home and beat him to death so they could steal his collection of ‘Magic: The Gathering’ cards.  Police estimated the collection was worth up to $100,000, including a Black Lotus card worth $10,000 on its own.”

http://www.dailymail.co.uk/news/article-2226538/Twin-brothers-beat-journalist-death-encased-body-concrete-steal-rare-Magic-game-cards-worth-100k.html

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IRS lawyers defend $2B tax bill to Bill Davidson estate

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“Born in Detroit, Davidson built Auburn Hills-based Guardian Industries into one of the world’s leading makers of glass, automotive and building products. He went on to own the Detroit Pistons, the WNBA’s Detroit Shock and NHL’s Tampa Bay Lightning. He died March 13, 2009, at age 86, with a net worth estimated at more than $3 billion. According to the June filing, Davidson had trusts drawn up for his wife, their children and grandchildren worth tens of millions of dollars each. But the IRS, in a notice of deficiency delivered in May, claimed $2.8 billion of underpayments in estate taxes, gift taxes, penalties and more.”

http://www.freep.com/article/20130815/NEWS06/308150025/william-davidson-estate-tax-dispute-internal-revenue-service

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JPMorgan chief Jamie Dimon negotiates fine amount with U.S.

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“JPMorgan Chase chief Jamie Dimon held talks with the Department of Justice Thursday on a possible $11 billion deal to settle alleged violations, a source close to the matter said.  Dimon and US Attorney General Eric Holder met in Washington amid intense negotiations to wrap up a slew of misbehavior allegations against JPMorgan, the biggest US bank by assets.  Earlier this week reports said JPMorgan had offered $3 billion to the Justice Department to settle some or all of the charges it faces, against reported demands for $20 billion from the department.  The talks focused on a number in the range of $11 billion, but the Justice Department has also reportedly insisted on the company admitting guilt.”

http://www.rawstory.com/rs/2013/09/26/jpmorgan-chief-jamie-dimon-holds-talks-with-justice-department/

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Grid Down Acapulco: “There’s Nothing to Eat”

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“Though the government would like us to believe there is rarely looting or panic in the aftermath of a disaster, the fact of the matter is that within 72 hours of any serious crisis people will lose it.  Case in point: Acapulco, Mexico.  With the city devoid of law and order, and emergency responders overwhelmed, looters hit the streets in a matter of hours. You’d think that those who failed to prepare for the possibility of a disaster would be out looking to acquire extra food, fresh drinking water and supplies, but apparently, as we saw in the immediate aftermath of Hurricane Katrina in New Orleans, electronics and other consumer goods were the order of the day.”

http://www.shtfplan.com/headline-news/grid-down-acapulco-theres-nothing-to-eat_09192013

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Kevin Trudeau jailed for not paying $38 million to feds over natural remedies

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“The Federal Trade Commission (FTC) has been after 50-year-old Trudeau, originally from Massachusetts, for several years after he made millions flogging what he claims are natural cures for serious and potentially fatal illnesses.  The ruling at the end of last month was the latest round in more than a decade of legal battles that began with a suit filed by the Federal Trade Commission.  Trudeau was slapped with a $38 million fine in 2011 after allegedly scamming customers for decades. FTC put the value at $37.6million as to how much consumers were defrauded by ‘deceptive infomercials’ that Trudeau filmed in order to plug his book – The Weight Loss Cure ‘They’ Don’t Want You to Know About.”

http://www.dailymail.co.uk/news/article-2425233/Infomercial-king-Kevin-Trudeau-ordered-jail-paying-38m-fine-misleading-Americans-natural-cures-potentially-fatal-diseases.html

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South African gold miners strike over ‘slave wages in white man’s economy’

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“About 80,000 gold miners in South Africa walked out on strike on Tuesday night, raising fears of renewed violence in the crisis-hit industry and underlining the government’s dwindling authority.  The dispute over pay comes a year after 46 people died during unrest in the platinum belt and amid signs that the century-old mining industry model is broken. For years South Africa was the world’s top gold producer, accounting for more than two-thirds of output in 1970, but it has slipped to fifth place with just 6% of global production.  The NUM is demanding rises of up to 60% after talks broke down.”

http://www.rawstory.com/rs/2013/09/04/south-african-gold-miners-strike-over-slave-wages-in-white-mans-economy/

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Teachers on strike clash with police in Mexico City protest

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“The teachers, many armed with sticks and wearing masks, had set trash on fire and placed metal barriers in adjoining streets to block the police from entering the Zocalo, home to the National Palace, Aztec ruins and the city’s cathedral.  Pena Nieto signed an education reform this week that requires teachers to undergo mandatory performance evaluations. The teachers say the new rules violate their labor rights. The dissident National Education Workers Coordinator (CNTE) union led several protests in the city for the past three weeks, disrupting traffic in the already congested megalopolis and blocking road access to the international airport in two occasions.”

http://www.rawstory.com/rs/2013/09/13/teachers-on-strike-clash-with-police-in-mexico-city-protest/

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