Tag Archives: White Shoe Boys

America’s Housing “Recovery”: Wall St. Buying Homes to Rent Back to Their Former Owners

Posted on by

“The Blackstone group, the biggest player in the new REO to rental market, has spent $2.5 billion in the last year purchasing 16,000 homes, a number that amounts to over $100 million per week. Property records show that many of the homes Blackstone has acquired in Fulton County over the last few months were purchased on the courthouse steps at the monthly foreclosure auction, or through short sales—when a lender agrees to accept less than the amount owed on a loan. The vast majority of these homes are not empty, but occupied by homeowners who fell behind during the great recession.”

http://www.alternet.org/occupy-wall-street/ugly-truth-about-americas-housing-recovery-its-wall-st-buying-homes-rent-back?paging=off

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Insider Pippa Malmgren Explains How the Bankster Game Really Works

Posted on by

Insider Pippa Malmgren Explains How the Bankster Game Really Works

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Geithner: Bernanke the Buddha of Central Bankers

Posted on by

“I am not going to say anything nice about Ben Bernanke, because when I do, it just encourages those who think that we’re too close and that I’ve compromised the independence of the Fed. [laughter] But he knows what I think. He’s a hero. He’s the Buddha of central bankers…but more active.”

http://www.economicpolicyjournal.com/2013/01/geithner-bernanke-buddha-of-central.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Gov. Lawyer Invoved in the Prosecution of Rajaratnam and Gupta Leaves for Big Bucks Private Sector Gig

Posted on by

The powerful elitist law firm, Gibson Dunn & Crutcher, is expected to announce that Reed Brodsky will leave the United States attorney’s office in Manhattan to join the law firm as a partner in its white-collar criminal defense practice. Brodsky is most well known for his role in prosecuting hedge fund player Raj Rajaratnam for the non-crime of insider trading. Brodsky also led the prosecution of Rajat K. Gupta, the former Goldman Sachs director found guilty of leaking boardroom secrets to Rajaratnam.  The two other prosecutors who tried Mr. Rajaratnam with Mr. Brodsky have already moved on to partnerships at corporate law firms.”

http://www.economicpolicyjournal.com/2013/01/revolving-door-gvt-lawyer-invoved-in.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

It Pays to Be a Bankster: Blankfein Buys $33 Million Hamptons Mansion

Posted on by

“Goldman Sachs CEO Lloyd Blankfein has bought a seven-bedroom home in New York’s Hamptons that was listed for $32.5 million, a person with knowledge of the deal said, reports Bloomberg.  Blankfein took title to the property on Ocean Road in Bridgehampton in recent weeks, says Bloomberg. Property records reported by LexisNexis list the owner as ‘Fein, Blank.’  The home, with six full bathrooms, includes a tennis court, ‘sculpted gardens,’ a swimming pool, and ‘a winding driveway to a home of which dreams are made,’ says a real estate listing.”

http://www.economicpolicyjournal.com/2013/01/it-pays-to-be-bankster-blankfein-buys.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Treasury Gets a Citibanker

Posted on by

“There was a time when you had to be successful on Wall Street to become secretary of the Treasury. Now along comes presidential nominee Jack Lew, whose only business credential is a stint at the most troubled too-big-to-fail bank.  During the darkest days of the financial crisis Mr. Lew served as the chief operating officer of Citigroup‘s Alternative Investments unit (CAI).  CAI no longer exists. At the end of Mr. Lew’s first quarter on the job, the unit reported a $358 million loss. Things got much worse after that but Citi stopped breaking out CAI results in its earnings releases. The unit was eventually shuttered and many of its assets were sold.”

http://online.wsj.com/article/SB10001424127887324734904578243932620870510.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

‘Wall St.’ flees NY for tax-free Florida

Posted on by

“The city’s hedge-fund executives are flying south — and it’s not for vacation.  An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates and are relocating to the business-friendly climate in Florida’s Palm Beach County.  And they’re being welcomed with open arms — officials in Palm Beach recently opened an entire office dedicated to luring finance hot shots down south.  There are other perks, too — like the fact that it was 77 degrees and sunny there yesterday.”

http://www.nypost.com/p/news/local/wall_st_flees_ny_for_tax_free_fla_Q6e4qSDMUethpylfznC4tO

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

The Road to Debt-Serfdom

Posted on by

“The road to debt-serfdom is paved by the banks and enforced by the Central State.  If there is any point that is lost on ideologues, Progressive and Conservative alike, it is this: the first-order servitude and second-order tyranny of debt-serfdom can only occur if the banks’ power is extended and protected by an expansive Central State.”

http://charleshughsmith.blogspot.com/2013/01/the-road-to-debt-serfdom.html

 

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Governor Moonbeam and Cronies at Work in California

Posted on by

“California Governor Jerry Brown hailed his signature tax-hike to fund education—known as Proposition 30—as a towering achievement that will ensure educational excellence in higher education and spare those trapped in poor and failing K-12 California public schools from budget cuts.   But a new study by five UC Berkeley doctoral students says that millions of dollars of the freshly raised revenues won’t go to California’s school children.  An increasing number of posts in top UC management and on the Board of Regents have been filled by former Wall Street bankers.”

http://www.economicpolicyjournal.com/2012/11/governor-moonbeam-and-cronies-at-work.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Geithner’s Final Trick: Bye Bye Dodd-Frank, Volcker Rule

Posted on by

“Late Friday, just before the sleepy Thanksgiving week when most Americans turn their sights to turkey, Geithner finally got around to dressing [down] his own turkey: Dodd-Frank.  DF is the financial regulatory monster which will create havoc over the entire financial industry, with new rules and regulations. But not for FOG (Friends of Geithner).  With a quiet pen stroke, Geithner exempted $410.8 trillion, or 64%, of the entire OTC derivatives market from impending clamp-downs, which mostly benefits FOG.”

http://www.economicpolicyjournal.com/2012/11/geithners-final-trick-bye-bye-dodd.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet