April 24, 2009

Cuomo’s Letter Today Exposes Paulson And Bernanke’s Blackmail Of Bank of America

Ah, more fun in transparency-land, but this time at the EXPENSE of the unholy troika. Former Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke forced Bank of America (BAC) to complete its acquisition of Merrill Lynch. B of A chief Ken Lewis was definitely interested in pulling the plug on the Merrill Lynch deal, […]

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April 19, 2009

Goldman Sachs And “The Club”: Masters Of The Universe

Blankfein. Steel. Thain. Paulson. Kashkari. Right Soup readers know that I spent my first working decades in the viper pit of Wall Street; my formative years were at the recently slain (some say by Goldman Sachs) Goliath Bear Stearns. Anyone who has spent any time at all in my former profession knows what “Goldman Sachs […]

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April 9, 2009

No Bank Left Behind

Turbo-Tax Treasury Secretary Timothy Geithner helped create the “stress test” for banks. This fact alone should give you the cold shivers. For the past several weeks examiners have been combing over the banks balance sheets and assets, putting the institutions through their paces. Or so we’ve been led to believe. Surprise, surprise, officials are now […]

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March 17, 2009

White House Backtracks On Claims Of Full AIG Awareness – Update – Obama Knew About AIG Bonuses – Update 2 – Obama Received AIG Payoff

Two weeks ago White House Press Secretary Robert Gibbs told us the White House knew exactly what was going on with the tens of billions of dollars they were handing out like candy to the financial failure known as AIG: TAPPER: AIG, is the administration confident that it, that it knows what happened to the […]

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March 7, 2009

AIG: The Fed Won’t Name Names, But The Wall Street Journal Will

This past week, members of the Senate Banking Committee continued trying to break the Fed’s stonewalling on I.D.-ing who’s been getting all the bank bailout bucks…besides the names we DO know. So far the Fed has absolutely refused to cooperate, saying that to do so would do irreparable harm to those institutions. The committee has […]

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March 4, 2009

Ben Bernanke Refuses Transparency

“To lay, with one hand, the power of the government on the property of the citizen, and with the other to bestow it upon favored individuals to aid private enterprises and build up private fortunes, is none the less robbery because it is done under the form of law and is called taxation. This is […]

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February 24, 2009

AIG To Announce $60 Billion Quarterly Loss, Market Was Looking For $6 Billion

Look out below! Double-bailout recipient AIG is due to report earnings Monday, and according to Reuters, it ain’t gonna be pretty. When the market is expecting a loss, and you then post a loss that is $59 billion dollars greater…well, you know what they say about markets and surprises. Reuters just broke this news, and […]

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January 4, 2009

Shariah Law Gets A Bailout

My dear Right Soup readers, you’d best sit down, as this one will likely mash your “outrage” button with astounding force. Last month, insurance giant AIG got $153 billion in taxpayer-funded bailout funds…because we were told if AIG failed, the sky would fall. Well guess what? At the same time it was getting the cash, […]

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