From the monthly archives:

February 2009

Corrupt Judges Profit $2.6 Million for Imprisoning Children

February 26, 2009

Believe it or not, two judges in the Pennsylvania justice system have been taking kickbacks… profiting… from putting kids in jail.
According to Amy Goodman of Democracy Now:
As many as 5,000 children in Pennsylvania have been found guilty, and up to 2,000 of them jailed, by two corrupt judges who received kickbacks from the builders and [...]

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The President Speaks to Congress

February 24, 2009

In his first address to Congress, President Obama raised the hopes of Americans.  According to a snap CBS poll the view of Americans toward the stimulus package increased about 15% during the speech.
The Republican reply to the Obama speech was less than stellar. Governor Jindal of Louisiana delivered the rebuttal. What the hell was he [...]

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Citigroup Surviving on Mental Masturbation and Tax Dollars

February 22, 2009

Fighting the idea of nationalization on all fronts, just the mention of the concept scares investors off and makes the granite halls of the Wall Street banks shake as if an earthquake is about to hit.  The present administration… President Obama… says that it (he) prefers private investment and so on.
However, according to the Wall [...]

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UBS Declines Senate Hearings on March 4th

February 22, 2009

UBS and the Swiss government have stated that they will avoid sending representatives to testify before a Senate committee hearing scheduled for March 4th. 
The Swiss government said Sunday it will not attend a U.S. Senate hearing on tax havens — an apparent protest against a U.S. lawsuit aimed at forcing banking giant UBS AG to hand [...]

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Bernard Madoff Made No Trades in Last 13 Years

February 20, 2009

The latest news coming from the Bernard Madoff scandal throws more light on the SEC’s total failure as an agency.  It was disclosed today that Bernard L. Madoff made no stock trades during the past 13 years.  While heading up the greatest Ponzi scheme in history that bit of news should come as no great [...]

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A Gallon of Gas or a Share of Citigroup?

February 20, 2009

A gallon of gas costs between $1.73 and $1.99 locally these days.  When I checked the stock market slide for today I noticed that Citigroup closed at $1.95.  For a minute I pondered the options.  Should I invest $20 to buy about 10 gallons of gas or should I buy 10 shares of Citigroup? 
Well, it [...]

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The Great Divide in American Justice Feeds Lack of Confidence

February 19, 2009

Apparently, late this afternoon Sir Allen Stanford was served with a civil complaint in or near Fredericksberg, Virginia.  Stanford is the latest member in the ever growing billionaires club for bad boys.  The dominoes began to fall with Bernard Madoff’s confession of running an out of gas Ponzi scheme.  Since December when Madoff confessed his [...]

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