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Post by moabiter on Oct 16, 2010 23:59:44 GMT -8
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Post by clone14 on May 6, 2011 21:17:05 GMT -8
In the wake of the Gulf of Mexico oil spill, BP's stock value has plummeted, prompting news stories identifying the company's largest investors. Oddly enough, some media outlets have failed to identify the largest BP shareholder: the U.S. investment firm JPMorgan Chase. According to the European financial database Amadeus, JPMorgan Chase is the No. 1 holder of stock in BP. That distinction also has earned the Wall Street bank the title of "Global Ultimate Owner" of the oil giant, as it owns 28.34% of BP. Next, at 7.99%, is Legal and General Group, a British-based financial services company with assets of more than $350 billion. Another U.S. investment firm, BlackRock Inc., owns 7.1% of BP. Other owners include the governments of Kuwait, Norway, Singapore and China. JP Morgan Profits From Food Stamp Processing Business - January 19, 2011 JP Morgan (JPM) is the largest processor of food stamp benefits in the United States. JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia. JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food stamps, the more profits JP Morgan makes. Yes, you read that correctly. When the number of Americans on food stamps goes up, JP Morgan makes more money. In the video posted below, JP Morgan executive Christopher Paton admits that this is "a very important business to JP Morgan" and that it is doing very well. seekingalpha.com/article/247234-jp-morgan-profits-from-food-stamp-processing-businessMay 3, 2011, 2:10 PM ET About 1 in 7 in U.S. Receive Food Stamps blogs.wsj.com/economics/2011/05/03/about-1-in-7-americans-receive-food-stamps/
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Post by clone on Aug 15, 2011 13:38:11 GMT -8
"Mitt Romney & the Luckiest People in the World" - Iowa State Fair 12 Aug 2011 - 'corporations are people' www.youtube.com/watch?v=o8xRz9qST_wCorporate profits were the highest on record last quarter November 23, 2010 - The New York Times
CEO Pay Soars While Workers' Pay Stalls April 4, 2011 - USA Today
Wall Street Pay Reaches Record $15 Billion February 2, 2011 - The Wall Street Journal
Health Insurers Making Record Profits As Many Postpone Care May 13, 2011 - The New York Times
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Post by clone on Aug 15, 2011 13:39:55 GMT -8
Nouriel 'Dr. Doom' Roubini: ‘Karl Marx Was Right’ August 13, 2011 10:05 PM EDT There's an old axiom that goes "wise is the person who appreciates candor almost as much as good news" and with that as a guide, place the forthcoming decidedly in the category of candor. Economist Nouriel "Dr. Doom" Roubini, the New York University professor who four years ago accurately predicted the global financial crisis, said one of economist Karl Marx's critiques of capitalism is playing itself out in the current global financial crisis. www.ibtimes.com/articles/197468/20110813/roubini-nouriel-roubini-dr-doom-financial-crisis-debt-crisis-europe.htm
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Post by clone on Aug 18, 2011 4:36:50 GMT -8
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Post by moabiter on Aug 24, 2011 13:42:03 GMT -8
Wall Street Bailout: Fed's $1.2 Trillion Secret Loans Revealed Aug. 22, 2011, 7:48 PM "The Wall Street Elite" - Not Above Borrowing Many of these borrower-banks had reported record profits prior the 2008 financial crisis and have sugar-coated their "involvement" with the government bailout in their shareholder and press releases post-crisis. While Morgan Stanley tops the list with a peak loan of $107 billion, Citigroup debt to the Fed peaked at $99.5 billion, while BofA also had to borrow $91.4 billion. Goldman Sachs, which became the most profitable securities firm in Wall Street history in 2007, borrowed $69 billion from the Fed on Dec. 31, 2008. Mum's The Word Our last article--Wall Street Bailout: Too Big To Collect?-- www.econmatters.com/2011/08/wall-street-bailout-too-big-to-collect.html cited another analysis by the Center for Media and Democracy (CMD) that $4.8 trillion has gone out of the door to bail out Wall Street, including "loans with below-market interest rates and for questionable collateral to banks directly from the Treasury and Federal Reserve." However, the full information regarding Fed's loans to banks has remained secret as the Fed was fighting to withhold the information www.bloomberg.com/news/2011-06-01/fed-s-chief-counsel-says-faster-emergency-loan-disclosure-may-hurt-economy.html Some banks, such as London-based Barclays Plc borrowed $64.9 billion and Frankfurt-based Deutsche Bank AG got $66 billion, tapped the Fed through programs that promised confidentiality. www.businessinsider.com/wall-street-bailout-feds-12-trillion-secret-loans-revealed-2011-8
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Post by moabiter on Oct 13, 2012 9:49:46 GMT -8
In the wake of the Gulf of Mexico oil spill, BP's stock value has plummeted, prompting news stories identifying the company's largest investors. Oddly enough, some media outlets have failed to identify the largest BP shareholder: the U.S. investment firm JPMorgan Chase. According to the European financial database Amadeus, JPMorgan Chase is the No. 1 holder of stock in BP. That distinction also has earned the Wall Street bank the title of "Global Ultimate Owner" of the oil giant, as it owns 28.34% of BP. Next, at 7.99%, is Legal and General Group, a British-based financial services company with assets of more than $350 billion. Another U.S. investment firm, BlackRock Inc., owns 7.1% of BP. Other owners include the governments of Kuwait, Norway, Singapore and China. www.allgov.com/Top_Stories/ViewNe....an_Chase_100612To recap: 28.34% - JPMorgan Chase "Global Ultimate Owner" 7.99% - Legal and General Group, a British-based financial services company with assets of more than $350 billion 7.1% - BlackRock Inc. other - governments of Kuwait, Norway, Singapore and China
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Post by moabiter on Oct 13, 2012 11:03:15 GMT -8
RBS Said to Suspend Trader as Rate-Rigging Spreads Beyond Libor Updated 3:59 a.m., Friday, October 5, 2012 Oct. 5 (Bloomberg) -- Royal Bank of Scotland Group Plc suspended a trader for trying to rig the Singapore dollar swap offer rate, indicating employees may have sought to manipulate more than just Libor, two people briefed on the matter said. Senior trader Chong Wen Kuang was put on leave earlier this year for trying to rig the interest rate to benefit his trading position, said the people who asked not to be identified because the bank is probing his actions. He is the first RBS employee to be suspended or fired for attempting to rig a benchmark other than the London interbank offered rate, one of the people said. RBS, Britain’s biggest government-owned bank, is one of at least a dozen firms being investigated over allegations they colluded to influence interest rates so they could profit from derivatives bets. RBS started its own probe into allegations of rate-rigging in the middle of 2010, according to one of the people. The Edinburgh-based lender fired four traders last year for rigging the yen and Swiss franc Libors, and suspended a further two, who have since been reinstated, the person said. www.sfgate.com/business/bloomberg/article/RBS-Said-to-Suspend-Trader-as-Rate-Rigging-3920865.php
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Post by enronia on Dec 14, 2012 19:01:16 GMT -8
Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay Hostess company continues to screw over its workers. December 11, 2012 According to a report by the Wall Street Journal "Hostess Maneuver Deprived Pension" , Hostess’ CEO, Gregory Rayburn, essentially admitted that his company stole employee pension money and put it toward CEO and senior executive pay (aka “operations”). While this isn't technically illegal, it's another sleazy theft by Hostess executives - who've paid themselves handsomely while running their company into the ground. Just last month, a judge agreed to let Hostess executives suck another $1.8 million out of the bankrupt company to pay bonuses to CEOs. The Hostess story has nothing to do with unions, and everything to do with the Enron-ization and Bain-ization of the American economy. In classic Enron style, back in 2005 Hostess sent out a letter saying they’d just had a very, very profitable quarter. Their stock jumped up. The CEO, Charles Sullivan, and many of the senior executives sold chunks of their stock. The CEO and senior executives were making out big, and the workers were making a decent living. www.alternet.org/corporate-accountability-and-workplace/twinkie-ceo-admits-company-took-employees-pensions-and-put-it
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Post by finance cartels on Dec 15, 2012 20:52:33 GMT -8
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Post by the creators on Mar 6, 2013 10:30:20 GMT -8
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Post by ge gmo ag on Mar 17, 2013 3:19:37 GMT -8
Presumed, not proven safe. How GMO foods alter organ function and pose a very real health threat to humans www.youtube.com/watch?v=T-IJikX1144_______________________________ URGENT! Stop the Monsanto Rider in the Senate! - March 13, 2013 This is the same rider we’ve told you about before—the so-called Farmer Assurance Provision (Section 735)–that will strip federal courts of the authority to halt the sale and planting of illegal, potentially hazardous genetically engineered crops while USDA is performing an environmental impact statement . If this provision becomes law, it will be a huge blow to the justice system, completely overriding judicial safeguards that protect both farmers and the public, and rendering judges’ rulings irrelevant. www.anh-usa.org/stop-monsanto-rider-in-senate/Update: USDA overrides court’s ban on sugar-beet planting - February 9, 2011 “The Department of Agriculture said on Friday that American farmers could resume growing genetically engineered sugar beets that had been barred by a federal judge.” overlawyered.com/2011/02/update-usda-overrides-courts-ban-on-sugar-beet-planting/
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Post by clone on May 5, 2013 8:43:45 GMT -8
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Post by clone on Jan 30, 2014 17:58:57 GMT -8
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