United States, Washington: The US Treasury on August 5, 2011 after Standard & Poor's cut the US credit rating for the first time in history. The US has lost its top-level triple-A credit rating for the first time since 1917, after Standard & Poor’s downgraded it to an AA-plus, with an even lower AA rating on the horizon. ­The decision comes after the White House and lawmakers reached... 

Lack of post-crisis prosecutions of fraudulent bankers is dangerous, says investigative journalist Matt Taibbi. The fact that those responsible for the recent economic crisis have not been held accountable is setting a very dangerous trend, believes investigative journalist Matt Taibbi, author and contributing editor to Rolling Stone magazine. “The number one thing that came out of this whole period... 

These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009. The... 

Foes want the Obama administration to ban a 1% ‘private transfer’ charge — assessed every time a property is sold for 99 years — paid to investors who backed the home’s original builder. Can you name a housing controversy that pulls Iraq and Afghanistan veterans, consumer advocates, labor unions representing transport workers and government employees, the title insurance... 

Obama US government will be handed the power to seize control of a failing bank and derivatives trading will be subject to new controls. Wall Street banks face their toughest clampdown since the Great Depression after the US Senate passed Barack Obama’s banking reform bill. In a historic change, the US government will be handed the power to seize control of a failing bank to avoid a collapse... 

Following last-minute adjustments, a proposal to audit the Federal Reserve that the Obama administration once opposed was on the verge of passing the Senate as it attracted broad support from conservatives and liberals alike. The administration withdrew its objections to the proposal Thursday, saying it was satisfied that the audit would not interfere with the Fed’s authority to set monetary... 

Goldman Sachs came under fresh pressure this morning after it was revealed the Wall Street powerhouse faces a criminal investigation into mortgage security deals it arranged. The inquiry follows civil fraud charges filed by the government against Goldman two weeks ago. The U.S. attorney’s office in Manhattan opened the investigation following a criminal referral by America’s financial watchdog,... 

Glenn Beck Faith, hope and charity: We used to seek God’s blessings on the country, we used to pursue maximum freedom to solve problems and we’d rely on one another in times of need. Now we’re being pushed towards what progressives have always found hope in: Dependency on regulations and administrations. Average Americans find that approach to be red tape. Our Founding Fathers found... 

The Pandora’s box of the SEC’s action against Goldman, which if validated in court will effectively make the issuance of every hybrid CDO product quasi-illegal, will lead to an explosion of lawsuits against virtually any bank that was active in the structured finance space during the housing boom, adding to a fresh round of “non-recurring” charges to bank income statements. Case in point... 

More Bailouts... Fresh off his successful (for now) effort to ram through an unpopular healthcare “reform” law, President Barack Obama is now fighting for legislation on Capitol Hill that would set up a permanent fund to bail out companies in the financial sector. Of course, that’s not how his team is spinning things. On the White House Blog, Jen Psaki claims that “under the Senate bill, the... 

Goldman Sachs Group was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting a battle between Wall Street’s most powerful bank and the nation’s top securities regulator. The civil lawsuit is the biggest crisis in years for a company that faced criticism over its pay and business practices after emerging from the global... 

It must be said, that like the breaking of a great dam, the American descent into Marxism is happening with breathtaking speed, against the backdrop of a passive, hapless sheeple, excuse me dear reader, I meant people. True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody... 

By playing all sides of the NYSE deal, Goldman Sachs sent a powerful message. Here’s how it got so far ahead. Dr. David Duke & Don Black Stormfront Broadcast about this report IT WAS AS CLEAR A STATEMENT AS could be made about who runs Wall Street these days: The New York Stock Exchange, partly owned by Goldman Sachs and headed by a former Goldman president, announced in late April that...