World-News

By WashingtonsBlog

Unless the big banks are broken up, financial fraud will grow exponentially like cancer, and the economy will be destroyed.

http://www.informationclearinghouse.info/article31951.htm



Companies paid more to CEOs than in US tax

Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank.

http://is.gd/vNcYSS


From Information Clearing House

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Former Citigroup CEO says 'Break Up the Megabanks'
http://www.commondreams.org/headline/2012/07/25-6

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The Man Who Invented ''Too Big to Fail'' Banks Finally Recants: Will Obama or Romney Follow?

Robert Reich, Robert Reich s Blog: ''If any single person is responsible for Wall Street banks becoming too big to fail it's Sandy Weill.... Weill created the business model that Wall Street uses to this day, unleashing traders to make big, risky bets with other people s money that deliver gigantic bonuses when they turn out well and cost taxpayers dearly when they don t. And Weill made a fortune, as did all the other executives and traders.''

http://truth-out.org/opinion/item/10561-the-man-who-invented-too-big-to-fail-banks-finally-recants-will-obama-or-romney-follow



Did Citigroup Defraud Billions from US Ally Abu Dhabi?

Pam Martens, AlterNet: ''According to a confidential cable published by Wikileaks, the U.S. Embassy in Abu Dhabi sent a communication to the U.S. Secretary of State and U.S. Treasury on December 22, 2009, alerting them to the fact that the investment arm of a U.S. ally, Abu Dhabi, believed it had been defrauded of $4 billion by Citigroup (Wall Street s serial miscreant and recent ward of the taxpayer).''

http://truth-out.org/news/item/11390-did-citigroup-defraud-billions-from-us-ally-abu-dhabi

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Sandy Weill: ''We went too far''
http://www.realecontv.com/videos/us/mega-bank-pioneer-admits-mistake.html



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Romney
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sandy+Weill
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Abu+Dhabi
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Treasury
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=too+big+to+fail
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Citigroup
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+fraud
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bonus
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=taxpayer
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wikileaks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Pam+Martens
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