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POPSBody Armor Body Armor: USA Body Armor provides you optimal ballistic protection while maintaining maximum comfort. We are manufacturer of high quality professional body armor. We are leader in Body Armor manufacturing.
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POPSWall Street's Naked Swindle This was a brokered bloodletting, one in which the power of the state was used to help effect a monstrous consolidation of financial and political power. Heading into 2008, there were five major investment banks in the United States: Bear, Lehman, Merrill Lynch, Morgan Stanley and Goldman Sachs. Today only Morgan Stanley and Goldman survive as independent firms, perched atop a restructured Wall Street hierarchy. And while the rest of the civilized world responded to last year's catastrophes with sweeping measures to rein in the corruption in their financial sectors, the United States invited the wolves into the government, with the popular new president, Barack Obama — elected amid promises to clean up the mess — filling his administration with Bear's and Lehman's conquerors, bestowing his papal blessing on a new era of robbery. Read the whole nasty sociopathic scam
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POPSGold will explode...listen to the interview
Monday, September 28, 2009 Gold will explode , wall street is a casino like Las Vegas Gerald Celente These are not my leaders they could not lead me across the street , Gerald Celente on King World News 23 Sept 2009 The white shoe boys and bankers of wall street have spoiled this country it is the Goldman gang the Merrill Lynch mob the biggest bank robbery in world history but the banks are doing the robbing ...LOL... Gerald Celente’s on-time trend forecasts, vibrant style, articulate delivery and vivid public presence makes him a favorite of major media. Celente’s up-to-the-minute analysis on a broad spectrum of topics are widely sought by: The Today Show, The Oprah Winfrey Show, Fox News, Good Morning America, CBS This Morning, 48 Hours, cable and radio news including CNN, CBS, ABC, NBC, PBS, BBC, MSNBC, CNBC, NPR. Gerald Celente is often quoted and featured in newspapers and magazines including The New York Times, Los Angeles Times, Chicago Tribune, Washington Post, USA Tod
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POPSIndymac Bank Read more details about IndyMac Bank, a bank that provides a number of home mortgage products that are mostly first lien residential loans and huge full-documentation loans and home equity lines of credit.
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POPSJudge Rejects Settlement Over Merrill Bonuses The judge focused much of his criticism on the fact that the fine in the case would be paid by the bank’s shareholders, who were the ones that were supposed to have been injured by the lack of disclosure. “It is quite something else for the very management that is accused of having lied to its shareholders to determine how much of those victims’ money should be used to make the case against the management go away,” the judge wrote.
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POPSJudge Seeks Answers on SEC Deal With Bank of America
In a court filing Monday, the SEC said Bank of America executives relied on advice from outside counsel, Wachtell, Lipton, Rosen & Katz. The agency said it had no evidence that the executives sought to mislead shareholders and could not investigate whether they did so without Bank of America waiving its attorney-client privilege, which the bank did not do. "If the SEC is right in this assertion, it would seem that all a corporate officer who has produced a false proxy statement need offer by way of defense is that he or she relied on counsel, and, if the company does not waive the privilege, the assertion will never be tested, and the culpability of both the corporate officer and the company counsel will remain beyond scrutiny," Rakoff wrote Tuesday. Rakoff also raised the possibility that the lawyers could be held responsible. The settlement "leaves open the question of whether, if it was actually the lawyers who made the decisions that resulted in a false proxy statement,
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POPSHot-Hitting SEC Settles GE Suit, Picks Up $50Million Improper accounting? It feels so 2002! And that might not be a coincidence. The SEC under enforcement chief Robert Khuzami is trying to close cases older than three years unless they are critical to the agency’s program. The goal is to clear out the pipeline so attorneys can work on current cases, although one person familiar with the matter said that wasn’t a consideration in this case. “GE bent the accounting rules beyond the breaking point,” said Robert Khuzami, in a prepared statement. “Overly aggressive accounting can distort a company’s true financial condition and mislead investors.” GE agreed to pay the fine without admitting or denying the SEC’s allegations. “We are committed to the highest standards of accounting,” said GE spokeswoman Anne Eisele. “While this has been a difficult and costly process, our controllership processes have been strengthened as a result, and GE is a stronger company today.”
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POPSPaulson to Testify July 16 to House Panel He denied that the Fed inappropriately persuaded Bank of America Chief Executive Ken Lewis to continue with the deal, despite Lewis' concern about Merrill's condition. Lewis had told Bank of America's board that federal officials said if he did not go through with the transaction, "the Treasury and the Fed would remove the Board and management of the Corporation," according to a transcript of that meeting. The committee has released hundreds of pages of documents that it subpoenaed from the Federal Reserve, which has shined a spotlight on the internal deliberations that took place during the time the deal was being negotiated. Towns and Kucinich, both Democrats, also said they want Paulson to answer whether the government had any role in persuading Bank of America to acquire Merrill Lynch. Republicans on the committee have accused regulators of strong-arming Bank of America to complete the Merrill acquisition,
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POPSThe Great American Bubble Machine a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup " which in turn got a $300 billion taxpayer bailout from Paulson. There's John Thain, the asshole chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multibilliondollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain's sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden parachute payments as his bank was selfdestructing. There's Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director . . .
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POPSBank of America signals more tough times ahead Though overall bank earnings were surprisingly strong - leading to a huge rally on wall street the past few weeks - it seems that those may be great reflections looking in the rear view mirror but a much higer provision for loan losses may signal further tough times ahead.
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POPSCongress Should Wear T-Shirts With Endorsements With Congress pounding away at Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke for more transparency, and New York Attorney General Andrew Cuomo threatening to release the names of the AIG bonus recipients -- an invasion of privacy that has no relevance to anything -- isn’t it time Congress let a little sun shine in?
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POPSLewis on the Hot Seat Shareholder activities are gunning to remove Bank of America's Ken Lewis from his job, angry about the acquisition of Merrill Lynch
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POPSThe Targets Of Bill O'Reilly's Harassment Machine
Helen Jones-Kelley, Director of the Ohio Department of Job and Family Services, 11/6/08: O’Reilly producer Jesse Watters follows Jones-Kelley — after she refused to talk to him — to a fire station, where a police chief intervenes to stop the harassment. Bill Ayers, Distinguished Professor of Education at the University of Illinois at Chicago, 10/24/08: O’Reilly producer Jesse Watters confronts Ayers in his driveway, causing Ayers to call the police. Stan O’Neal, CEO of Merrill Lynch, 10/20/08: O’Reilly producer Jesse Watters confronts O’Neal outside of his apartment. Cynthia Tucker, Columnist at the Atlanta Journal-Constitution, 9/6/08: O’Reilly producer Jesse Watters confronts Tucker while she gets the mail. Jenna Kern, Member of the Unitarian Universalist Church, 8/21/08: O’Reilly producer Jesse Watters confronts Kern in her driveway outside of her home. Rep. Robert Wexler (D-FL), 7/22/08: Fox News reporter Griff Jenkins confronts Wexler in his driveway. Gov. Jim Do
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POPSThe Dirty Dozen Meet the bankers and brokers responsible for the financial crisis - and the official
The Maestro HENRY PAULSON WAS CEO of Goldman Sachs (1999-2006); Treasury secretary (2006-2009) WHAT HE DID Pushed for end to debt restrictions for banks like Goldman, then arranged big bailout for Goldman. WORST MOVE TARP proposal just three pages long; made his decisions "non-reviewable." NOW SAYS "I don't think we've made mistakes on the major decisions." The Big Loser DICK FULD WAS CEO of Lehman Brothers (1993-2008) WHAT HE DID Piloted Lehman to largest bankruptcy in U.S. history; earned $22 million the year firm went bust. WORST MOVE Tried to avoid lawsuits by selling his $13 million Florida home to his wife for $100. NOW SAYS Feels "horrible" about Lehman, but insists his management was "prudent and appropriate." Mr. Too Big KEN LEWIS IS CEO of Bank of America (2001-present) WHAT HE DID Created ultimate too-big-to-fail company, buying up Fleet, MBNA, Countrywide and Merrill Lynch. WORST MOVE Failed to catch a $15 billion loss at Merrill before buying the
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POPS'MBA graduates led the world into recession' If these business leaders were not able to spot the flaws in the businesses they were running, one has to look into the matter of what business and management schools had been teaching them. The schools promoted a quasi-scientific approach to business, sermonizing that everything could be nailed down in a textbook, and encouraged students to believe that running a company could be mastered by anyone. The entire private-equity industry is founded on that principle. And also, all the intellectual tools that led us into the financial meltdown were largely invented within academia. Complex models for pricing risk created the market for the options and derivatives contracts that have caused so much trouble in the past year.
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POPSIn-House Attorneys Hit With Layoffs Firms including Hyatt, Cigna, General Electric, Motorola, Merrill Lynch and Yahoo! have cut the number of attorneys in their law departments during the past year, as corporations slash budgets in the economic meltdown.
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POPSThomas Friedman’s Five Worst Predictions In 2001, Friedman advised the American citizenry to “keep rootin’ for Putin,” hailing the K.G.B. veteran as “Russia’s first Deng Xiaoping” and a strong force for reform. Three years later, Friedman announced in his most awkward prose that “I have a ‘Tilt Theory of History’,” and called Russia “a huge nation” (this part checks out) “that was tilted in the wrong direction and is now tilted in the right direction” with regards to free speech, the rule of law, and the like. In 2007, Friedman finally noticed that Russia cannot even properly be termed a democracy and promptly wrote a column to this effect.
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