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Changing the old system.

On Green Light, The Event, and Drake BY THE GOLDEN RULE

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On Green Light, The Event, and Drake

 

I was having a  bit of writer’s block yesterday, actually going so far as to do a 15 minute audio recording last night that I ended up not liking. Fact is, the information seems to be coming so fast now I am just having a delay in processing time as I digest the news.  Everyone seems to feel an acceleration, a quickening of events so it’s important to step back and fit the puzzle pieces together.  Some call this the “big picture,” and we’ve been hearing some lofty claims of very positive shifts happening…SOON.  Turns out I posted an article in haste which has so many gold nuggets buried, it took a day for them to shine through.

Bernie Madoff's brother pleads guilty to fraud charges

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Bernie Madoff's brother pleads guilty to fraud charges

View more videos at: http://nbcnewyork.com.

By msnbc.com staff, WNBC, and news wires

 

UPDATED 12:15 p.m. ET: Peter Madoff, the brother of convicted scammer Bernie Madoff, pleaded guilty Friday to doctoring records to hide the Ponzi scheme orchestrated by his older sibling that swindled thousands of people out of billions of dollars and stunned the world in the throes of the financial crisis.

American Kabuki – Five of the Biggest Banks in the United States are Putting Finishing Touches on Plans For Going Out of Business

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Five of the Biggest Banks in the United States are Putting Finishing Touches on Plans For Going Out of Business

 



By David Henry and Dave Clarke
NEW YORK/WASHINGTON | Wed Jun 27, 2012 4:29am EDT

(Reuters) - Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of government-mandated contingency planning that could push them to untangle their complex operations.
 
The plans, known as living wills, are due to regulators no later than July 1 under provisions of the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts by the government. The living wills could be as long as 4,000 pages.

A new nightmare on Wall Street? U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America's financial giants

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A new nightmare on Wall Street? U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America's financial giants

 

 

 

By TOBY HARNDEN and THOMAS DURANTE

PUBLISHED: 23:38 GMT, 28 June 2012

 

 

Some of America's top banks are set to be dragged into a major criminal investigation of a global interest rate-fixing scandal about to engulf some of Wall Street's biggest institutions.

The worldwide probe centres on claims traders at Barclays colluded with rival banks to keep interest rates at levels to their benefit.

Barclays agreed to pay a whopping $453million in fines to the U.S. Justice Department and the UK's Financial Services Authority.

20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years

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20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years

 

 

 

  • Barclays shares drop 15 per cent as pressure on Diamond grows
  • George Osborne promises new criminal sanctions for market abusers
  • RBS, HSBC and Lloyds all named as under investigation as scandal widens

By JAMES CHAPMAN, BECKY BARROW, RUTH SUNDERLAND and ROB DAVIES

 

 

Hundreds of bankers across three continents are embroiled in the interest-rate fixing scandal that has left Barclays chief executive Bob Diamond fighting to save his job.

As pressure intensified on Britain’s highest paid banking boss to quit, MPs heard a string of other financial institutions across the world were under investigation.

Barclays: Cameron says bank faces 'serious questions'

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Barclays: Cameron says bank faces 'serious questions'

 

LAST UPDATED AT 29 JUN 2012, 


  •  

Prime Minister David Cameron has said that Barclays Bank management has "serious questions" to answer over how it manipulated banking lending rates.

Barclays was fined £290m ($450m) after an investigation into claims that several banks manipulated the Libor rate at which they lend to each other.

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