Entries Tagged as 'swaps'

New Jersey’s indentured taxpayers give Goldman $1 million per month for swaps on non-existent bonds

October 23rd, 2009 85 Comments

Stacy Summary:  What’s the proper word for it?  Debt slavery?  Indentured servitude?  So many schemes so few words.  We need a new Shakespeare.

New Jersey pays Goldman Sachs for swaps on non-existent bonds

“This vividly shows the risk of entering into interest- rate swap agreements,” said Christopher Taylor, former executive director of the Municipal Securities Rulemaking Board [...]

Tags:   · ·

Criminal probe into swaps sold to Milan by JP Morgan, UBS & Deutsche

August 27th, 2009 128 Comments

Stacy Summary:  . . . And a division of Hypo.  This story is a must-read.  It’s remarkable how unapologetically criminal the banking industry became during the Bush administration and continues to this day.  Their blatant criminal behaviour in the midst of  a country famous for its mafia suggests they also believed themselves immune to the [...]

Tags:   ·

Subpoanaed, suspected and swapped

June 10th, 2009 29 Comments

Stacy Summary: Terrorist suspects on flight?  Hmmm . . . that would be real convenient for Airbus and Air France/KLM . . .

Terrorist suspects were on doomed Air France flight

Russia may swap US Treasuries for IMF debt

Treasuries decline on reports that Russia dumping dollar

Fed records subpoenaed

Updates:

French 3 strikes anti-piracy law struck down on human rights [...]

Tags:   · · · · ·