Tag Archives: Financial Crisis

Our Next Fed Chair, A Proven Fighter for All Americans: Sheila Bair

By RayLearsy | Published September 17, 2013

As featured on The Huffington Post: Phil Angelides is a man who should know. He served as Chairman of the 10-member bipartisan Financial Crisis Inquiry Commission appointed by the United States Government to investigate the causes of the 2007-2010 financial crisis which was to become known as the Angelides Commission. In a recent opinion piece in consequence…
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Also tagged Barack Obama, Business, Fedral Deposit Insurance Corporation, Financial Inquiry Commission, Goldman Sachs, Henry Paulson, Janet Yellen, Phil Angelides, Politics News, Sheila Bair, The Fed, Timothy Geithner, Treasury Department | Tagged Barack Obama, Business, Fedral Deposit Insurance Corporation, Financial Crisis, Financial Inquiry Commission, Goldman Sachs, Henry Paulson, Janet Yellen, Phil Angelides, Politics News, Sheila Bair, The Fed, Timothy Geithner, Treasury Department | Leave a comment

The Smoking Gun of Higher Oil Prices

By RayLearsy | Published September 16, 2013

As featured on The Huffington Post: There, in plain sight for all to read, the highly influential New York Times, in an article about the manipulative speculation in ethanol markets and the obscure but phenomenally profitable ethanol credits (having skyrocketed more than 20 times in the last six months) and in turn its impact on the price for gasoline…
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Also tagged Business News, Commodity Futures Trading Commission, Congress, Ethanol, Gas & Oil, Jpmorgan, Morgan Stanley, The Fed, The New York Times | Tagged Business News, Commodity Futures Trading Commission, Congress, Ethanol, Financial Crisis, Gas & Oil, Jpmorgan, Morgan Stanley, The Fed, The New York Times | Leave a comment

JPMorgan Chase’s Culture as Economic Parasite

By RayLearsy | Published August 22, 2013

As featured on The Huffington Post: The culture of what we expect from banks is not overly complex. They are institutions meant to safeguard our deposits and are meant to anchor and enhance our economy by lending to viable businesses, finance trade and receivables, finance business expansion, help people purchase their homes, and where their…
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Also tagged Barack Obama, Business News, Commodity Prices, Gas & Oil, JPMorgan Chase, Justice Department, Proprietary Trading, RBS Sempra Commodities, Senator Elizabeth Warren | Tagged Barack Obama, Business News, Commodity Prices, Financial Crisis, Gas & Oil, JPMorgan Chase, Justice Department, Proprietary Trading, RBS Sempra Commodities, Senator Elizabeth Warren | Leave a comment

Banker Lies and Misrepresentation — The Present and Lessons From the Past

By RayLearsy | Published August 15, 2013

As featured on The Huffington Post: Yesterday U.S. prosecutors accused two low-level JPMorgan executives with criminal charges of wire fraud and falsifying regulatory filings of risky and complex credit derivatives that led to the bank’s massive loses in the ‘London Whale’ scandal. JPMorgan, as do all banks, had the obligation to honestly report its assets…
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Also tagged Bank Of The United States, Business News, Jamie Dimon, Jpmorgan, London Whale, politics, Preet Bharara U.S. Attorney Southern District Of New York, President Andrew Jackson | Tagged Bank Of The United States, Business News, Financial Crisis, Jamie Dimon, Jpmorgan, London Whale, politics, Preet Bharara U.S. Attorney Southern District Of New York, President Andrew Jackson | Leave a comment

The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers

By RayLearsy | Published August 12, 2013

As featured on The Huffington Post: That banks are able to manipulate became clear as a bell with the findings of the Libor interest rate fixing scandal (“Everything is Rigged: The Biggest Price Fixing Scandal Ever” Rolling Stone 04.25.13) whereby some sixteen too big to fail banks were accused of colluding to manipulate interest rates…
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Also tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown | Tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown | Leave a comment

You Will Be Paying Higher Gasoline Prices. It Is Essential You Begin to Understand Why!

By RayLearsy | Published July 16, 2013

As featured on The Huffington Post: In the face of escalating gas prices, the oil patch, their allies and Wall Street are counting on your ignorance permitting them to pick your pockets, spoon-feeding you nonsense while they cash in massively. The only defense we have is a vigilante public calling on our government to level…
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Also tagged Business News, CFTC, Chicago Mercantile Exchange, Exxon Mobil CEO Rex Tillerson, Gas & Oil, Gulf Oil, Joe Petrowski, NewYork Mercantile Exchange, WTI | Tagged Business News, CFTC, Chicago Mercantile Exchange, Exxon Mobil CEO Rex Tillerson, Financial Crisis, Gas & Oil, Gulf Oil, Joe Petrowski, NewYork Mercantile Exchange, WTI | Leave a comment

Americans Pay at the Pump While Speculators Profit and Play

By RayLearsy | Published July 11, 2013

As featured on The Huffington Post: Incredibly, since the later part of June, the price of oil has spiked by $12 a barrel to close at $107/bbl yesterday, a jump of close to 15 percent over three weeks. The impact on the rise of gasoline prices is already being felt and will become more accentuated…
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Also tagged American Consumers, Business News, Commodity Exchanges, Dept. Of Energy, Gas & Oil, Oil Speculation, Price Of Oil, Speculation, Strategic Petroleum Reserve, United Nations Conference On Trade & Development | Tagged American Consumers, Business News, Commodity Exchanges, Dept. Of Energy, Financial Crisis, Gas & Oil, Oil Speculation, Price Of Oil, Speculation, Strategic Petroleum Reserve, United Nations Conference On Trade & Development | Leave a comment