Iris Mack's Blog - White Collar Crime

Former Asst. Housing Sec. Fitts: Deliberate Implosion of US Economy (video)

Thu, 31 Jan 2013 02:44:00 --0100

Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on the deliberate implosion of US economy and the transfer of gargantuan amounts of wealth offshore as a means of sacrificing the American middle class.

$1.2 Billion From MF Global's Customer Brokerage Accounts Feared Gone (video)

Tue, 31 Jan 2012 00:02:00 --0100

Nearly three months after MF Global Holdings Ltd. collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.

Cyber-Payback: Hackers Release Personal Info on Bankers, Treasury Secretaries, Police (video)

Wed, 26 Oct 2011 14:11:00 --0100

In recent weeks, hackers have posted the personal information of Wall Street executives out of solidarity to the growing Occupy Wall Street movement, including 1. Former Treasury Secretary and Goldman Sachs Head Robert E. Rubin 2. JPMorgan CEO Jamie Dimon 3. Goldman Sachs CEO Lloyd Blankfein 4. Bank of America CEO Brian Moynihan. Please read more here.

FBI Raids Solyndra: Energy Co. That Left U.S. Taxpayers on the Hook for Half Billion Dollars (video)

Fri, 09 Sep 2011 15:05:00 --0100

Here is a followup to my blog article Solyndra Solar Energy Co.: Bankrupt after $535 Million 2009 Low Cost Federal Government Loan (video).

SEC Under Investigation: Destroyed Thousands of Documents Related To Potential Wall Street Crimes

Thu, 25 Aug 2011 16:32:00 --0100

The SEC's internal watchdog is investigating whether enforcement officials misled the government's archives agency last year by saying the SEC was "not aware" of the destruction of certain probe-related records, according to people familiar with the matter. Please read more here.

New York Times: Buck Naked Wall Street Protesters (video)

Tue, 02 Aug 2011 15:56:00 --0100

Naked Shorts! LOL!

AskMen: Top 10 Real-Life Gordon Gekkos

Wed, 13 Jul 2011 05:50:00 --0100

Here are the top 10 real-life Gordon Gekkos.

Huffington Post: Geithner and Goldman, Thick as Thieves

Wed, 01 Jun 2011 21:48:00 --0100

Once again, Robert Scheer tells it like it is in this Huffington Post article. You know, even though I know the facts behind this story, it still ticks me off to read Scheer's article. The same people seem to show up at the scene of all the economic crimes - Tim Geithner, Larry Summers, Bob Rubin, Goldman Sachs bankers, .... Enough is enough! Please read more here.

Madoff Whistleblower Helps to Coordinate Currency-Trade Probes

Thu, 03 Feb 2011 03:09:00 --0100

State prosecutors are getting help from an organized group of whistle-blowers in a widening investigation into whether banks overcharged public pension funds by tens of millions of dollars for foreign-exchange transactions. Please read more here.

Furry Creatures Explain Bank Bailouts (video)

Fri, 28 Jan 2011 23:49:00 --0100

Enjoy!

Dylan Ratigan: America's Free Market Fraud (video)

Sat, 08 Jan 2011 15:02:00 --0100

This video would be funny if it wasn't true!

Fred Sauer: Did Bob Rubin Loot the Treasury to Bailout Goldman Sachs?

Sun, 02 Jan 2011 05:00:00 --0100

This is a must read from the American Thinker.

If prudent investors can make only 0.5% on short-term assets, how does Goldman Sachs prosper?

Robert Rubin was a very powerful man. After 26 years and rising to the level of co-senior partner, he left Goldman Sachs in 1994 to become Treasury Secretary in the Clinton administration. His first major undertaking was during the Mexican bailout of 1995.

... Rubin drew criticism in Congress for using a Treasury Department account under his personal control to distribute $20 billion to bail out Mexican bonds, of which Goldman was a key holder.

Please read more here.

Dumb Comments from Wall Street "Financial Wizards" (photos)

Sun, 02 Jan 2011 03:16:00 --0100

1. Former Citigroup CEO Chuck Prince: Don't stop the music! "I am deeply sorry that our management - starting with me - ... did not foresee what lay before us."

2. Robert Rubin was the chief advocate for deregulation in Bill Clinton's Administration. "I wouldn't do a major second stimulus because I think...we run a risk that it could be counterproductive in creating a lot of additional uncertainty and undermining confidence."

3. For JPMorgan Chase CEO Jamie Dimon, apparently failure isn't a bug. It's a feature..... Please read more here.

Legal Fight: Zuckerberg Stole Facebook from Twins?

Sat, 01 Jan 2011 23:02:00 --0100

The Winklevosses ? identical twins and Harvard graduates ? say that they, along with another Harvard student, Divya Narendra, had the original idea for Facebook, and that Mark Zuckerberg stole it. They sued Facebook and Mr. Zuckerberg in 2004, and settled four years later for $20 million in cash and $45 million in Facebook shares. Please read more here.

Les Leopold: Wall Street's 10 Biggest Lies for 2010

Thu, 30 Dec 2010 02:44:00 --0100

What a great year for Wall Street: profits up, bonuses up and, best of all, criticism down, especially from Washington. Somehow Wall Street has much of America believing its lies and rationalizations. We're even beginning to forget that Wall Street is largely responsible for the economic mess we're in.

So before we're completely overtaken by financial Alzheimer's, let's revisit Wall Street's greatest fabrications for 2010.

Please read more here.