Tuesday, March 19, 2013

13-03-20 The Great Cyprus Bank Robbery

The Rape Of Cyprus By The European Union & The IMF
By Mark J. Grant
Nothing now; Nothing is safe!
The Great Cyprus Bank Robbery by Financial Terrorists
Cyprus's Cash Machines Run Dry
People in Nicosia, Cyprus give their reactions to news the government is imposing a tax on bank savings.
Insured Bank Deposits At Risk
By Peter Schiff
What happens in Cyprus doesn't necessarily stay in Cyprus. The media says it can't happen here but it can. If several major U.S. banks failed, trillions of deposits would be at risk, including hundreds of billions insured by the FDIC.
Max Keiser on Cyprus: The debt bomb just got bigger:
The amount of debt worldwide is more than all of the bank accounts in the world, and the current financial situation in Cyprus is the inevitable next phase: Confiscation.
Cyprus banks euro tax bail-out is a small-scale smash-and-grab compared to Britain's slow-motion bank robbery ;
Outrage about the Cyprus banks euro tax bail-out should not be allowed to obscure the fact that millions of savers in British banks have already lost much more of the real value or purchasing power of their money to prop up financial institutions closer to home.
Russian anger at Cyprus bailout levy:
Russian President Vladimir Putin called it "unfair, unprofessional and dangerous", while the finance minister said Russia may reconsider the terms of a 2.5bn euro loan (£2.1bn) to Cyprus.
Germany And IMF's Initial Deposit Haircut Demand: 40% Of Total:
It appears that the settled-upon 9.9% haircut is a 'good deal' compared to the stunning 40% of total deposits that Germany's FinMin Schaeuble and the IMF demanded.
Is Your Credit Union Safe?:
If you think credit unions automatically give you a safe haven far removed from the weakened U.S. banking system, think again.

13-03-20 US: Left right and center debating civil war...

US Civil War: Is It Possible?
The National Defense Authorization Act (NDAA) for fiscal 2013 has some prominent features.



Anyone with complaints against Judge Socrates Manouchian of the Superior Court of Santa Clara County is urged to email Bill Windsor of Lawless America at nobodies@att.net



13-03-19 Is it the banking sh** hitting the fan, or what?

Banking news from all over the place, from JPMorgan to Cyprus... Robber Baron Revival Era galore! jz

The Daily Bail

We watch CNBC so you don't have to...

“JPMorgan Wins Dismissal Of Silver Price Fixing Lawsuit” plus 11 more 

Posted: 19 Mar 2013 03:08 AM PDT
BIGGUS DICKUS Eric and Jamie are "friends" We know how this love affair ends Jamie's a whale Who's Too Big Too Jail So Eric subserviently bends --- Jamie wins again. Reuters In a decision made...
Posted: 19 Mar 2013 03:02 AM PDT
Given today's news that JPMorgan won a dismissal of all charges in a class-action silver price-fixing lawsuit, we thought we would take another look at this story. A bizarre and still unresolved...
Posted: 19 Mar 2013 03:00 AM PDT
Another clip from last week's hearing. [Note: Transcript, details and discussion of this clip are here.] Senator Chuck Grassley asks Eric Holder the names of outside consultants DOJ uses to...
Posted: 19 Mar 2013 01:31 AM PDT
Much better than it looks.  Dimon and Bernanke get torched. The Ben Ber-Nank uses the JP Morgue to short silver. Update - Jamie Dimon wins again     Related: Max Keiser: Buy...
Posted: 18 Mar 2013 09:17 PM PDT
Nicos explains why he's cool with government theft. His words to the people on why the the EU is stealing their money. Nicos Anastasiades, president of Cyprus, says he had to steal expropriate...
Posted: 18 Mar 2013 09:02 PM PDT
Great clip.  Schiff battles CNBC bank bailout drones. Peter Schiff on Closing Bell this afternoon.  Start watching right at 1:00.  Other guests are Jason Pride of Glenmede, and Hank...
Posted: 18 Mar 2013 07:15 PM PDT
  Tweet Intense rant from inside his London cab. The Artist Taxi Driver explains Cyprus.  Extreme profanity warning. "The poor know where the rich live and the rich are...
Posted: 18 Mar 2013 05:51 PM PDT
The Judge weighs in on Cyprus and the possibility of bank account seizure in the U.S. and other Eurozone countries. Russia wants future involvement on Cyprus after 'dangerous' levy Daylight robbery...
Posted: 18 Mar 2013 04:10 PM PDT
Flashback.  What should have happened in Cyprus.   --- Whack the bondholders who made risky bets, not depositors It may turn out to be the most important bank you've never heard...
Posted: 18 Mar 2013 03:11 PM PDT
Will a bank account seizure tax ever happen here? Spain, Italy, Greece, Portugal and perhaps even the United States.  Stuart Varney on Fox Biz earlier this morning. The common global trait -...
Posted: 18 Mar 2013 12:56 PM PDT
Raw bulldozer video plus interviews with Cypriots. Cypriots rush banks and line up at ATMs in a mad dash before tomorrow's immediate EU Bailout Tax takes effect.  A story that just...
Posted: 17 Mar 2013 11:30 PM PDT
Cyprus EU bailout timeline. Peep the first minute of this Bloomberg clip for background on Cyprus, the economy, banks, application to the EU.  Analyst discussion follows the...

13-03-19 Barofsky: JPM accounting appears entirely consistent with fraud

Neil Barofsky as TARP Inspector General

Barofsky must be a genius to figure out first, that "the US is pretty fucked", [1] and now, that the US banking regulation system "appears entirely consistent with fraud" - all after leaving office as TARP Inspector General...

I communicated with the office of TARP Inspector General Neil Barofsky, and forwarded to him detailed information regarding racketeering in Bank of America's highest management, including but not limited to Bryan Moynihan. As a reminder, a key condition for any bank to get TARP moneys was declarations of "no fraud" by senior management.

TARP Inspector General Niel Barofsky refused to take any action.

And on the matter of accounting itself, financial analysts called Bank of America's accounting  "delusional" since 2009, after the takeover of Countrywide.  By then, there was no way to account for the plethora of toxic assets, from real estate through mortgages and derivatives, to legal liabilities.

So SEC permitted BofA to file quarterly reports, based on the new accounting method of "taxonomy", (a solid field in the biological sciences) where BofA could generally categorize assets as shitty, shittier, or shittiest... an accounting system that appears entirely consistent with fraud...

Barofsky's role in this enormous heist through his conduct as TARP Inspector General - a watchdog that failed to bark - is not going to be changed by his recent awakening.


[1] 12-08-07 Neil Barofsky: U.S. 'Pretty Fucked'_Huffington Post

Neil Barofsky: $JPM’s Accounting Process Appears Entirely Consistent With Fraud

“Neil Barofsky, the former watchdog for the government’s financial crisis bailout program, tweeted Friday that JPMorgan Chase appears guilty of “fraud,” or something very much like it:

Neil Barofsky
If I may answer Levin’s question. What he describes is an accounting process that is entirely consistent with fraud.

Barofsky was referring to Sen. Carl Levin’s (D-Mich.) questioning of top JPMorgan executives during a Friday Senate hearing in regards to the bank’s 2012 loss of more than $6.2 billion dollars, often referred to as the “London Whale” scandal. The hearing, as well as a Senate report released late Thursday, are the culmination of a nine-month investigation into the loss….”