NATO-Commissioned Report Says Killing Hackers Is Basically OK

(GIZMODO)   Cyber-warfare is all well and civilized when it’s confined to a tit-for-tat hacking of banks, but it’s got the potential to spiral out of control real fast. To try and prevent that, and save the world from a hacked-WoW-account-induced apocalypse, NATO’s commissioned a set of international laws to try and make cyber-warfare more…civilized. Despite how it [...]

NC Sen. Phil Berger’s most campaign contributors are big banks, big pharma, big telecom!

NC Sen. Phil Berger’s most campaign contributors are big banks, big pharma, big telecom!

Author: Brian D. Hill Source: USWGO Alternative News According to FollowTheMoney.org and other places I have investigated NC Senator Philip Edward Berger’s political campaign contributors, he receives quite a bit from Big banks, big Pharma, and big telecom corporations. The Noteworthy contributors listed by FollowTheMoney is as follows. I have also decided to group big [...]

Markets Rally After 81bn-Pound Spain Bank Bailout

ShareThis Markets Rally After £81bn Spain Bank Bailout 11 Jun 2012 Asian stocks and the euro rose sharply after Spain sought a lifeline for its ailing banks, easing fears that Europe’s debt crisis was about to spin out of control. The markets rallied after Spain asked finance ministers from the 17 euro-using countries to rescue [...]

Western banks ‘reaping billions from Colombian cocaine trade’

ShareThis Western banks ‘reaping billions from Colombian cocaine trade’ 02 Jun 2012 The vast profits made from drug production and trafficking are overwhelmingly reaped in rich “consuming” countries – principally across Europe and in the US – rather than “producing” nations such as Colombia and Mexico, new research has revealed. And its authors claim that [...]

12 year old Victoria Grant explains how banks commit fraud

12 yr old Victoria Grant explains how banks commit fraud

A 12 year old child explains the mechanism used by banks to commit fraud.              

Fed stress testing banks against 13% unemployment, 50% drop in stock market

By Joe Weisenthal | BusinessInsider.com The Fed just announced that the latest round of bank stress tests will come out Thursday at 4:30 PM ET. As a reminder, this is the doom scenario banks will be stress tested against: The supervisory stress scenario for CCAR 2012, which was designed in November 2011, depicts a severe [...]

S&P Downgrades Dozens of Global Banks

By Dunstan Prial, FOXBusiness.com Standard & Poor’s on Tuesday cut its credit ratings for many of the world’s largest banks, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC). The move follows S&P’s shift, announced earlier this month, in the methods it uses for rating the banks. Citigroup, Goldman Sachs [...]

Secret Fed Loans Helped Banks Net $13 Billion

by Bradley Keoun and Phil Kuntz    The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so [...]

Banks closed in Ga, NC, NJ, Ill; 80 failed in ’11

ShareThis Banks closed in Ga, NC, NJ, Ill; 80 failed in ’11 –Regulators shut down small banks in Ga, NC, NJ, Ill; makes 80 US bank failures this year 14 Oct 2011 Regulators have closed small banks in Georgia, North Carolina, New Jersey and Illinois, boosting to 80 the number of U.S. bank failures this [...]

Durbin Taxes Banks through Debit Fees

From Forbes.com Recently, Bank of America announced what many other banks have been doing as a pilot program, which is to charge consumers a monthly fee (five dollars a month) for the debit card that they have issued. Senator Durbin was outraged at Bank of America for charging this fee to consumers for a service [...]