Prelude to Another Financial Catastrophe
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A Startling Look at How Profits Elude the Taxman

A Startling Look at How Profits Elude the Taxman | Prelude to Another Financial Catastrophe | Scoop.it
In several tax havens, the profits reported by American-controlled companies are many times the size of the actual local economy.
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What Housing Recovery?

What Housing Recovery? | Prelude to Another Financial Catastrophe | Scoop.it
A lot of Americans are still underwater, but the problem is solvable.
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China just revealed a major state secret: nearly 20% of its farmland is polluted

China just revealed a major state secret: nearly 20% of its farmland is polluted | Prelude to Another Financial Catastrophe | Scoop.it
Almost one-fifth of China's farmland is polluted, according to a government report released this week. Officials have acknowledged the country's problems with water and air pollution, but the extent of soil contamination has been a closely guarded "state secret," for fear of incriminating certain provinces or companies. About 19.4% of China's farmland is polluted by cadmium, nickel and arsenic, according to the...
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China Property Collapse Has Begun

China Property Collapse Has Begun | Prelude to Another Financial Catastrophe | Scoop.it
The Chinese are losing confidence fast in real estate.
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700 Billion Dollar Bank Bailout was Secretly 7 Trillion

700 Billion Dollar Bank Bailout was Secretly 7 Trillion | Prelude to Another Financial Catastrophe | Scoop.it
November 30, 2011. Washington. In 2008, President Bush, Secretary Paulson and Chairman Bernanke crafted a bank bailout program they termed TARP or the Toxic Asset Relief Program.
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How Wall Street has turned housing into a dangerous get-rich-quick scheme—again

How Wall Street has turned housing into a dangerous get-rich-quick scheme—again | Prelude to Another Financial Catastrophe | Scoop.it
Hedge funds and private equity firms have quietly bought 200,000 cheap, mostly foreclosed houses in cities hardest hit by the economic meltdown.
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The Inefficient Market Hypothesis

The Inefficient Market Hypothesis | Prelude to Another Financial Catastrophe | Scoop.it
Despite significant differences of opinion, two winners of the Nobel in economic science, Eugene Fama and Robert Shiller, express more confidence in financial markets than may be warranted, an economist writes.
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Minn. farmers get lost in budget standoff; crop policies revert to '49

Minn. farmers get lost in budget standoff; crop policies revert to '49 | Prelude to Another Financial Catastrophe | Scoop.it
When the clock struck midnight on Tuesday, ushering in a massive federal government shutdown, the calendar also flipped back to 1949 for Minnesota farmers like Kevin Paap
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Looting the Pension Funds: How Wall Street Robs Public Workers | Politics News | Rolling Stone

Looting the Pension Funds: How Wall Street Robs Public Workers | Politics News | Rolling Stone | Prelude to Another Financial Catastrophe | Scoop.it
All across America, Wall Street is grabbing money meant for public workers
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Inside the Pentagon’s Trillion Dollar F-35 Embarrassment

Inside the Pentagon’s Trillion Dollar F-35 Embarrassment | Prelude to Another Financial Catastrophe | Scoop.it
Inside the Pentagon's Trillion Dollar F-35 Embarrassment by Gizmodo UK. It's not news that the Pentagon's fated F-35 program is riddled with dilemmas. For more than a decade, it's bumped into roadblock after roadblock.
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How the cult of shareholder value wrecked American business | Wonkblog

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Inside the New York Fed: Secret Recordings and a Culture Clash

Inside the New York Fed: Secret Recordings and a Culture Clash | Prelude to Another Financial Catastrophe | Scoop.it
portray a New York Fed that is at times reluctant to push hard against Goldman and struggling to define its authority while integrating Segarra and a new corps of expert examiners into a reorganized supervisory scheme.
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How Bank Watchdogs Killed Our Last Chance At Justice For Foreclosure Victims

How Bank Watchdogs Killed Our Last Chance At Justice For Foreclosure Victims | Prelude to Another Financial Catastrophe | Scoop.it
The results are in. The award for the sorriest chapter of the great American foreclosure crisis goes to the Independent Foreclosure Review, a billion-dollar sinkhole that produced nothing but heartache for aggrieved homeowners, and a big black eye fo...
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The US is an oligarchy, study concludes - Telegraph

The US is an oligarchy, study concludes - Telegraph | Prelude to Another Financial Catastrophe | Scoop.it
Report by researchers from Princeton and Northwestern universities suggests that US political system serves special interest organisations, instead of voters
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Scientists Say We're Doomed, But Not For Reason You Might Think

Scientists Say We're Doomed, But Not For Reason You Might Think | Prelude to Another Financial Catastrophe | Scoop.it
There's never been a shortage of doomsday scenarios. From the dreaded Mayan Apocalypse of 2012 (remember that?) to the havoc wreaked in the movie "The Day After Tomorrow," people have been predicting the end of civilization for as long as ...
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An Open Letter to the Makers of The Wolf of Wall Street, and the Wolf Himself

An Open Letter to the Makers of The Wolf of Wall Street, and the Wolf Himself | Prelude to Another Financial Catastrophe | Scoop.it
BY CHRISTINA MCDOWELL I hate to be the bearer of bad news, dear Kings of Hollywood, but you have been...
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"So here's the deal. You people are dangerous. Your film is a reckless attempt at continuing to pretend that these sorts of schemes are entertaining, even as the country is reeling from yet another round of Wall Street scandals. We want to get lost in what? These phony financiers' fun sexcapades and coke binges? Come on, we know the truth. This kind of behavior brought America to its knees."

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The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?

by Jed S. Rakoff

The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?<br/><br/> by Jed S. Rakoff | Prelude to Another Financial Catastrophe | Scoop.it
Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation: without jobs, without resources, without hope.
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Credit-Driven China Glut Threatens Surge Into Bank Crisis

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World Bank Whistleblower Reveals How The Global Elite Rule The World

World Bank Whistleblower Reveals How The Global Elite Rule The World | Prelude to Another Financial Catastrophe | Scoop.it
Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years.  In fact, when she was fired for blowing the whistle on corruption insi...
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$9,000,000,000,000 MISSING From The Federal Reserve SHOCKING FOOTAGE

Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went... and Inspector General Elizabeth Coleman hasn't a clue...Dunno whether...
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World Bank: Money Laundering Criminals | Interview with Whistleblower Karen Hudes

Abby Martin talks to Karen Hudes, former senior executive at the World Bank, about her experience blowing the whistle on the high level corruption within the...
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Somebody stole 7 milliseconds from the Federal Reserve

Somebody stole 7 milliseconds from the Federal Reserve | Prelude to Another Financial Catastrophe | Scoop.it
But we don't yet know who the thief was.
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Hedge fund billionaire: Fed's move 'fantastic' for the rich - NBC News.com

Hedge fund billionaire: Fed's move 'fantastic' for the rich - NBC News.com | Prelude to Another Financial Catastrophe | Scoop.it
The Federal Reserve isn't just inflating markets. It's also shifting a massive amount of wealth from the middle-class and poor to the ...
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