Catherine’s letter to the NY Times about the perverse incentive systems and “tapeworm” economics of prison stocks before she knew that Dillon had banked and cashed out of Cornell:

Letters to the Edit…

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By Yves Smith

I get on an airplane, and there are more dramatic developments by the time I land.

Even though the headline item is the fact that the attorneys general in all 50 states are joining t…

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The Sixth U.S. Circuit Court of Appeals struck down an Ohio state ban last week that prohibited dairy not treated with bovine growth hormone from being labeled “rbGH free,” “rbST free” or �…

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The International

Interpol Agent Louis Salinger (Clive Owen) and Manhattan Assistant District Attorney Eleanor Whitman (Naomi Watts) pool their resources in an attempt to break up an intern…

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(22 Nov 09)

By Sam Smith

If you were to sign a false legal document, the courts and police would not call it “flawed paperwork.” But that’s the term the Associated Press is using about the foreclosure situatio…

This is a series giving a basic explanation of the current foreclosure fraud crisis: This is Part One.

The current wave of foreclosure fraud and the consequences for the economy are difficult to fo…

2010 G-20 Summit – Seoul, South Korea

Agenda:

Ensuring global economic recovery
Framework for strong, sustainable, and balanced global growth
Strengthening the international financial regulator…

Lars Schall has just translated my article “The American Tapeworm” into German.

Here it is!

Freitag, 8. Oktober 2010 22:23

von Catherine Austin Fitts , Übersetzung von Lars Schall

Kehren wir ei…

The Cornucopia Institute’s report, Scrambled Eggs: Separating Factory Farm Egg Production from Authentic Organic Agriculture, will empower consumers and wholesale buyers who want to invest their f…

By Suzanne Presto

The International Monetary Fund concluded two days of talks in Washington Saturday without reaching a solution to address rising tensions about currency exchange rates.  Meanwhil…

The Navy is set to be reduced to the smallest size in its history after admirals yesterday offered drastic reductions in the fleet in order to save two new aircraft carriers from defence cuts.

By T…

Agricultural Raw Materials 24%
Industrial Inputs Index 25%
Metals Price Index 26%
Barley 32%
Oranges 35%
Beef 23%
Pork 68%
Salmon 30%
Sugar 24%
Wool 20%
Cotton 40%
Palm Oil 26%
Hides 25%
Rubber 62%
Ir…

By Rob Kirby

First reported by Dawn Kopecki back in 2006 when she reported in BusinessWeek Online in a piece titled, Intelligence Czar Can Waive SEC Rules , “President George W. Bush has bestowed o…

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Related reading:

?Vanishing of The Bees?
vanishingbees.com

By Ezra Klein

Janet Tavakoli is the founder and president of Tavakoli Structured Finance Inc. She sounded some of the earliest warnings on the structured finance market, leading the University of C…

By Peggy Noonan

Washington is turning America into Paperwork Nation.

If you write a column, you get a lot of email. Sometimes, especially in a political season, it’s possible to discern from it ce…

By David Rosen and Bruce Kushnick

Since 1991, the telecom companies have pocketed an estimated $320 billion — that’s about $3,000 per household.

This is a conservative estimate of the wide-scale…

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By Arthur Delaney

UPDATE: The White House announced Thursday afternoon that President Obama would not sign a bill that some consumer advocates worried would make it more difficult for homeowners to…

On June 30th, federal, state and local authorities raided Rawesome Foods in Venice, CA. The Colbert Report just did this piece about it.

The Colbert Report
Mon – Thurs 11:30pm / 10:30c

Rawesome …

State should have power to block individual computers from connecting to world wide web, claims Charney.

By Paul Joseph Watson

A new proposal by a top Microsoft executive would open the door for g…

By Karl Denninger

It’s about damned time.

This is worth a read, even though it’s VERY long.  The bottom line is that all the Tickers I’ve written on this subject, from bad conveyances into REMICs, …

The mission of Project Censored is to teach students and the public about the role of a free press in a free society – and to tell the News That Didn’t Make the News and Why, About Project Censore…

By Margaret Cronin Fisk and Thom Weidlich

Citigroup Inc. and Ally Financial Inc. units were sued by homeowners in Kentucky for allegedly conspiring with Mortgage Electronic Registration Systems Inc…

Defendants include Ameriquest Employees

Ameriquest filed a civil lawsuit alleging that the defendants fraudulently obtained approximately 75 properties in Kansas City, Missouri and its neighboring …

By David Streitfeld

The foreclosure machinery that has forced millions of Americans out of their homes is beginning to seize up as some lenders and their lawyers are accused of cutting corners in t…

By Ellen Brown
“Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.”
–Economist Karl…

By Peggy Noonan

In a recent trip to Omaha, Neb., I found a note prominently displayed in my hotel room warning of the possibility of “extreme weather” including “tornadic activity.” The clunky euph…

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(29 Sept 10)

The U.S. Securities and Exchange Commission may seek sanctions against two former State Street Corp. executives accused of misleading investors in a bond fund involved in a $313 million settlement w…

By Vincent Fernando

Total assets under management for U.S. emerging markets funds is now pretty close to the peak level it hit pre-crisis and what’s striking is how quickly money has come back.

Amer…

By Tyler Durden

Today’s latest chapter in what is now known as the new 3M: the Massive Mortgage Mess, is that Fidelity National has told lenders to halt foreclosures, and to stop sales of bank owne…

By Kara Scannell and Tom Lauricella

Regulators investigating the causes of the May 6 “flash crash” singled out a Midwestern mutual-fund company’s computer-driven trade as the catalyst that sent a s…

By Satyajit Das

Detox Cures

In the first half of 2010, angst about European sovereign debt receded and market volatility eased. In the second half of 2010, concerns about Greece, Ireland, Spain an…

By Karen Freifeld and David Mildenberg

Ambac Assurance Corp. sued Bank of America Corp. over $16.7 billion of mortgage-backed securities, saying the bank’s Countrywide Financial Corp. unit fraudu…

Ohio Secretary of State Brunner has sent a criminal referral to the US attorney general over ubiquitous mortgage fraud.

Continue reading the article . . .

Related reading:

Homes in Florida Seized…

By Lymari Morales

For the fourth straight year, the majority of Americans say they have little or no trust in the mass media to report the news fully, accurately, and fairly. The 57% who now say this…

Shares in Monsanto slumped by 10% on Tuesday amid talk that some of the group’s top-of-the-range corn seed, genetically modified to protect against insect pests, was delivering disappointing yields….

Global governance—the collective management of common problems at the international level—is at a critical juncture. Although global governance institutions have racked up many successes since …

The IRS deployed a new preparer tax identification number (PTIN) registration system Tuesday as a component of its initiative to register and regulate paid tax return preparers.

All paid tax return…

Videos From CNN.com

By Shawn Tully

The housing crash not yet realized its full impact on budgets in the most vulnerable states. It’s the banking crisis all over again – and it’s time to stop ignoring it.

Meredith Wh…

By Tyler Durden

With each passing day, the revalations in mortgage-gate, which has for now implicated GMAC and JPMorgan in foreclosing on mortgages without titles, and will likely soon proceed thro…

By C. Powell

GATA’s freedom-of-information lawsuit against the Federal Reserve in U.S. District Court for the District of Columbia, an action seeking access to the Fed’s records involving gold and …

The Icelandic parliament, Althingi, just passed a parliamentary resolution with 33 votes against 30 to take former Prime Minister Geir H. Haarde to High Court (Landsdómur) on alleged negligence in …

By Gregory White

Continue reading the article . . .

By Cassandra Anderson

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Continue reading the article . . .

By Jack Farchy Financial Times

Europe’s central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade.

The central banks of the…

By Heidi Blake

A space ambassador could be appointed by the United Nations to act as the first point of contact for aliens trying to communicate with Earth.

Mazlan Othman, a Malaysian astrophysicist…

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