Bankster Gets Away with Stabbing Cabby

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“Connecticut prosecutors will not pursue charges against a top Morgan Stanley elitist bankster accused of stabbing a cabby in a drunken, racist rage over a fare from Manhattan, the cabby’s lawyer said yesterday.   It’s hard to believe that it wasn’t money and connections that resulted in Jennings not being prosecuted.   The country is getting more and more divided between the connected and those not connected. The connected have always had an edge, but it is now getting out of control.”

http://www.economicpolicyjournal.com/2012/10/bankster-gets-away-with-stabbing-cabby.html

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Mysterious Algorithm Was 4% of Trading Activity Last Week

“A single mysterious computer program made up 4 percent of all quote traffic in the U.S. stock market last week.  The motive of the algorithm is still unclear. The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. ET Friday.  The ultimate goal of many of these programs is to gum up the system so it slows down the quote feed to others and allows the computer traders (with their co-located servers at the exchanges) to gain a money-making arbitrage opportunity.”

http://www.cnbc.com/id/49333454

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The Goldman Sachs-Government Crony Revolving Door Spins

“The Goldman Sachs unit Goldman Sachs Asset Management has hired Andrew ‘Buddy’ Donohue, a former head of the division of investment management at the Securities and Exchange Commission, as deputy general counsel, according to an internal memo obtained by Reuters.   It’s always nice to hire your former regulators.”

http://www.economicpolicyjournal.com/2012/10/the-goldman-sachs-government-crony.html

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Police on Alert As Merkel to Visit Greece

“German Chancellor Angela Merkel brings her tough-talking advocacy for austerity to ground zero of the European debt crisis Tuesday, and police in Athens are so nervous they are employing as many security measures as they would for a visit by a U.S. president.  Police have flooded the streets with 7,000 additional officers and hundreds more undercover agents, stationed snipers on rooftops, closed a half dozen subway stations and sent helicopters to hover over the city to help protect the German chancellor from expected massive demonstrations.”

http://abcnews.go.com/blogs/headlines/2012/10/police-on-alert-as-merkel-to-visit-greece/

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Your Money Isn’t Safe In Any U.S. Financial Institution

“Frankly, I’m terrified of the implications of hyper-hypothecation, combined with the lax rules for segregated accounts. Not to mention that U.S. courts have placed their stamp of approval on the practice of U.S. financial institutions inter-mingling supposedly segregated client funds with their own to make risky bets with borrowed money. It means that your money isn’t safe in any U.S. financial institution. Nor am I confident that the situation offshore is any better, especially in a country like the United Kingdom, which permits re-hypothecation of 100% of collateral value placed in broker custody.”

https://nestmann.com/your-money-isnt-safe-in-any-u-s-financial-institution/

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“The Bank Was Saved, and the People Were Ruined.”

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“Today, most of the First World is in the midst of an economic crisis that has been caused by debt. That debt has been the product of bankers and governments working together.  History shows us that the present situation is not an accident. It is the repetition of a very successful method by which bankers, with the complicity of governments, create boom-and-bust cycles; cycles that, whilst damaging for nearly all citizens of a country, are very profitable for those who create the cycles.  A brief read of the history above suggests that there will be no ‘solution,’ as no solution is intended by those who have created the problem.”

http://www.internationalman.com/global-perspectives/the-bank-was-saved-and-the-people-were-ruined

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Ben Bernanke’s thank-you notes

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“If you have the Federal Reserve’s back, there’s a good chance Ben Bernanke will notice.  He may even send you a thank you note.  In July, the Fed chairman sent letters of gratitude to five Democratic members of Congress after they delivered speeches on the House floor urging fellow lawmakers to reject the ‘Audit the Fed’ bill authored by retiring Texas Republican Ron Paul, the central bank’s chief antagonist.  Their efforts failed to defeat the bill, but they were not in vain, at least in Bernanke’s eyes.”

http://www.politico.com/news/stories/0912/81758.html

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The Corrupting Influence of Political Intelligence

“In the United States now, the city with the highest per capita income in America is Washington, DC. They passed Silicon Valley last year. Seven of the ten wealthiest counties in America are counties that border Washington, DC, so government has become big business. There’s a lot of money to be made. And not only is that leading a lot of young and talented people into influence-peddling in industries where I’d rather have them doing something more productive, it’s also changing the entire incentive structure. We know for example that hedge funds that invest in lobbyists and make a lot of campaign contributions actually consistently outperform those hedge funds that don’t.”

http://www.caseyresearch.com/cdd/peter-schweizer-corrupting-influence-political-intelligence

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Disturbing: Top Ten Cities for Meetings

“Cvent Supplier Network has put out this list of the top 10 cities for meeting destinations. What’s disturbing about the list is that Washington D.C. is ranked second. This indicates that more and more businesses think it is important to be near central government when they hold their meetings. Not good, the Mussolini government-private partnership economy advances.”

http://www.economicpolicyjournal.com/2012/09/disturbing-top-ten-cities-for-meetings.html

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Electric Carmaker Struggles as Its Production Lags

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“As Tesla Motors, a maker of electric cars, burns through cash and misses production targets, it is turning to investors and taxpayers for extra financial help.  On Tuesday, Tesla announced plans to sell five million shares to raise cash. The federal government agreed earlier to waive some conditions of a $465 million loan, easing pressure on the company over the next couple of quarters. The moves raised questions about the long-term viability of the company.”

http://dealbook.nytimes.com/2012/09/25/questions-about-electric-cars-as-a-manufacturer-struggles/?hpw

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