Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
Help For Homeowners Is Only Help For Banks
Whistleblowers are now speaking out on the scam HAMP really is. Instead of helping homeowners is pushing them into foreclosure Dylan Ratigan interviewed the Whistleblowers in the below clip.
Ah, facts and more facts, yet nothing changes. The Senate Permanent Subcommittee on Investigations released a mammoth report in April on the financial crisis, Wall Street and the Financial Crisis: Anatomy of a Financial Collapse, which is available here.
Remember when all said those GM bail outs were not worth it? Remember when we said give them the money? Well, finally we're seeing some payback, which one sure cannot say about the Bank bail outs.
Remember Say on Pay, the legislation that was supposed to curtail executive compensation, yet ended up being watered down to nothing? Now a token symbol?
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
China iPhone Manufacturer Foxconn's Horrific Working Conditions
Think the iPhone is made in America? Like most things these days, manufacturing is offshore outsourced to China. Out comes another report on the terrible working conditions at the iPhone/iPad factory.
Here come the Banksters. It was not enough that so called financial reform is Swiss Cheese legislation, full of loopholes. What regulation is left, the banks are going after and seemingly with help from the Government.
Who is their biggest cheerleader? Why, Federal Reserve Chair, Ben Bernanke. From a regulation speech in Chicago:
No one’s interests are served by the imposition of ineffective or burdensome rules that lead to excessive increases in costs or unnecessary restrictions in the supply of credit. Regulators must aim to avoid stifling reasonable risk-taking and innovation in financial markets, as these factors play an important role in fostering broader productivity gains, economic growth, and job creation.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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