Tag Archive for fed

Bloomberg: US May Lose 824,000 Jobs

Bloomberg is reporting that revised job data may show an additional job loss of 824,00 jobs: Feb. 3 (Bloomberg Multimedia) — The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the…

Bloomberg: Secret Banking Cabal Emerges

Bloomberg’s David Reilly reports: Jan. 29 (Bloomberg) — The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are…

Wall Street Bonuses Total 1% Of GDP

This post on the Democratic Underground highlights the point: “Our total GDP for the nation is about $14 trillion. 2009 bonuses are around $140 billion. So, 1% of our total economic output for 2009 is going to the banking mafia’s pockets. Not even the banks themselves – JUST THE BANKERS. Just amazing.” Major U.S. banks…

Geithner Covers Up Billions Swindled

Infowars reports: Explosive emails released last week could see Treasury secretary Timothy Geithner become embroiled in criminal charges for his role in a cover up that exposes the monumental criminality behind the $182.3 billion bailout of American International Group Inc. In November and December 2008, The Federal Reserve Bank of New York instructed the bailed…