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60 Minutes Fries Wall Street / SEC / Justice Department ….. Sarbox Officially A Joke

Posted by AGORACOM at 12:04 AM on Monday, December 5th, 2011

(CBS News) Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown. Eileen Foster, a former senior executive at Countrywide Financial, and Richard Bowen, a former vice president at Citigroup, tell Steve Kroft the companies ignored their repeated warnings about defective, even fraudulent mortgages. The result, experts say, was a cascading wave of mortgage defaults for which virtually no high-ranking Wall Street executives have been prosecuted.

I blankly stared at my keyboard thinking of ways to succinctly articulate my thoughts on this matter for 10 minutes. I couldn’t do it. Not without embarking on a 1,000 word rant.

All I can say is that Wall Street will burn. That isn’t anger. It isn’t vengeance. It is simply the clear path upon which Wall Street has set itself upon.

The full 60 Minutes page on this story can be found here.

The full 60 Minutes video can be found in the two clips below.

AGORACOM Wire: QE3 Cometh, China Copper Lies, Zinc Looks Golden, Occupy Wall Street Video

Posted by AGORACOM at 7:46 PM on Thursday, October 13th, 2011



QE3 DELAYED, NOT DEAD: George Has Stated All Along That QE3 Would Be Delayed … Now Zero Hedge Releases This Report

CHINESE COPPER LIES: Chinese Copper Inventories Revealed To Be Double Estimated … Or are they? Did China lie in 2010, or now? Read More

ENVIRO AT RING OF FIRE: Mining Watch Canada NOT Happy With Ring Of Fire Enviro Assessment Member Post

GRAPH – AMERICANS NOT WORKING: Only 58% Of Americans Have A Job Today … What It Will Take To Fix It Read More

RITHOLTZ PISSED AS FLORIDA AG FOR SALE: Florida AG Takes Orders, Money from Fraudclosure Firm – Fires top Fraudclosure lawyersRead More

ZINC LOOKS GOLDEN:  Zinc Bear Market Seen Coming To An End With China Gobbling Up Supplies … Good For New Donner Metals / Xstrata Mine … Full Story

MUST WATCH VIDEO … Jeffrey Sachs Hammers Wall Street, Republican Congress and Obama At Occupy Wall Street Scrum … Why The Whole System Is Rigged And Why It Needs To Be Ripped Down Watch Video


Moneytospend has launched the AM Gold Inc HUB

DISCHINO has launched the Spare Backup HUB


Link to HUB / Website / Profile

Jeffrey Sachs, Economist and Harvard Professor, Speaks The Truth At Occupy Wall Street

Posted by AGORACOM at 11:41 PM on Wednesday, October 12th, 2011

You simply need to listen to Obama supporter, Economist, Harvard Professor.   If you need to review his qualifications, see the Wikipedia entry below …. but watch the video first and take my word for it.  Here are just some of the things he had to say, which aren’t original but carry much more weight given his status.  I love the fact he expressed them on the fly during a media scrum at OccupyWallStreet …. The man needs to run for President:

  • The White House, Congress and The Senate Are Bought And Paid For
  • Get The Money Out Of Politics IF You Want Democracy Back
  • Obama Looked Like He Was Going To Change This Until He Put Wall Street Into The White House
  • He Hired The Team That Created The Mess To Begin With
  • Sachs Supported Obama In The Last Election
  • Obama Is Raising A $1 Billion War Chest For Re-Election
  • The People Need To Use Social Media To Effect Change As Fast And As Wide As Possible
  • Especially Since American Politicians Don’t Have A Clue About Social Media And Can Be Exploited
  • Who Watches TV Anymore Anyway

Jeffrey David Sachs (pronounced /ˈsæks/; born November 5, 1954, in Detroit, Michigan) is an American economist and Director of The Earth Institute at Columbia University. One of the youngest economics professors in the history of Harvard University, Sachs became known for his role as an adviser to Eastern European and developing country governments in the implementation of so-called economic shock therapy during the transition from communism to a market system or during periods of economic crisis. Some of his recommendations have been considered controversial. Subsequently he has been known for his work on the challenges of economic development, environmental sustainability, poverty alleviation, debt cancellation, and globalization.

Sachs is the Quetelet Professor of Sustainable Development at Columbia’s School of International and Public Affairs and a Professor of Health Policy and Management at Columbia’s School of Public Health. He is Special Adviser to United Nations Secretary-General Ban Ki-Moon, and the founder and co-President of the Millennium Promise Alliance, a nonprofit organization dedicated to ending extreme poverty and hunger. From 2002 to 2006, he was Director of the United Nations Millennium Project’s work on the Millennium Development Goals, eight internationally sanctioned objectives to reduce extreme poverty, hunger, and disease by the year 2015. Since 2010 he has also served as a Commissioner for the Broadband Commission for Digital Development, which leverages broadband technologies as a key enabler for social and economic development.[1] He is a member of the scientific committee of the Fundacion IDEAS, Spain’s Socialist Party’s think tank.

He has authored numerous books, including The End of Poverty and Common Wealth, both New York Times bestsellers and his latest book The Price of Civilization released on October 4, 2011. He has been named one of Time Magazine’s “100 Most Influential People in the World” twice, in 2004 and 2005.