Tag Archives: New York Fed

Corrupt Obama Admin Pressures NY Attorney General to Support Mortgage Whitewash

By Yves Smith
Naked Capitalism

It is high time to describe the Obama Administration by its proper name: corrupt.  The latest example is its heavy-handed campaign to convert New York state attorney general Eric Schneiderman to a card carrying member of the “be nice to our lords and masters the banksters” club.

[Image: Kathryn S. Wylde, New York Federal Reserve Board Member]

(Also see today’s TRNN interview of Yves Smith, “Should banks be a public utility?“)

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NY Fed AIG Coverup – “criminal or civil charges possible” SIGTARP

By Michael Collins

Prosecuting those who caused the financial crisis would lead to the next logical step: confiscating all the ill gotten gains and returning them to the people. The market went down and the people lost a bundle. The market is now back up and those losses are still in place. But guess who made a bundle on the fluctuation? This must be corrected.

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