Tag Archives: russia

Funny AIG commercials that might just explain how the butterfly flapping its Collateralized Debt Swap wings turned into the hurricane on Wall Street.  More evidence of London having operated as the global money laundering centre for corrupt bankers, derivative wielding insurance execs and influential Ponzi scheme operators.  And while the UK confronts a future of IMF bailouts, Russia moves in on the Arctic.

• Goldman Sachs spent tens of millions bailing out two senior executives who were short of cash

• The ‘Cold Rush’ is on!  Russia to create dedicated military force to patrol Arctic

• Soros predicts that UK may need IMF bailout

• Bad news for an island nation of property speculators as house prices tumble 16.5%

• Bank America accused of facilitating $300 million Ponzi scheme

• Madoff’s London office was at the heart of his fraud

• Madoff’s wife received wire transfer of $2 million from London office weeks before the Ponzi scheme collapsed

• Hysterical AIG commercials

• Stiglitz says that new world reserve currency could come within 12 months

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