Why Are We Forgetting About The Government-Protected Banks? Secrets and Lies of the Bailout

Matt Taibbi recently published the Secrets and Lies of the Bailout in which he exposes numerous lies told to the general public by the federal government during and after the financial crisis of 2008. One of the points Taibbi makes … [CLICK TO READ MORE]

Today’s Brief’s: November 16, 2012 UK vs. US on Bank Bailouts, BP Criminal Plea Reveals Fox Faux's Lies and Wall Street Banker's Go after Elizabeth Warren

A report is out this morning saying that United Kingdom tax payers could lose $107 billion (66 billion pounds) used to bailout the Royal Bank of Scotland and Lloyds during the height of the financial crisis of 2008. Margaret Hodge, … [CLICK TO READ MORE]

JPMorgan Chase’s $9 Billion Loss

The recent high-risk trading losses by JPMorgan Chase, known as the “London Whale”, may reach $9 billion; more than 4 times what CEO Jamie Dimon originally confessed to.

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