Thursday, August 22, 2013

California Mortgage Crisis ~ Wall Street sues California city looking to bail out homeowners

A city in California has become ground zero in a battle with mortgage lenders and now the federal government in its push to implement a radical new plan to assist homeowners who cannot meet the terms of their loans.






Ron Paul supports Snowden and Manning in Larry King interview

With Bradley Manning sentenced to 35 years in prison for his role in releasing sensitive military information to WikiLeaks and the US government's hunt for Edward Snowden for revealing the NSA's spying program, being a whistleblower isn't an easy task. As some people see the two individuals as traitors, some people believe that these leaks are essential to gaining full government transparency. In an interview with Larry King, former Congressman Ron Paul expresses his appreciation for the leaked information.



SEC Whistleblower, Gary Aguirre on the Fake Crackdown on Wall Street Crime






In 2005, Gary Aguirre was senior council at the Securities Exchange Commission. He investigated a case involving insider trading at a major hedge fund, Pequot Capital Management. After a little digging, it became apparent that the soon-to-be CEO of Morgan Stanley, John Mack, was involved. Mack also happened to be a major campaign contributor to George W. Bush. Mr. Aguirre's supervisor warned him that Mack was untouchable due to his political connections. So Pequot's attorneys met with the SEC Director of Enforcement. The result? The case would be -- first "narrowed" -- then Mack's testimony was delayed. The statute of limitations for Mack eventually ran out, and Mr. Aguirre complained about Mack's "political clout." Big mistake. Because he was promptly fired. Bob speaks with Gary Aguirre about his experience at the SEC.

Bob asks why records of preliminary investigations were simply destroyed at the SEC, as a matter of practice. Was it to protect the big names on Wall Street? Bob talks with Mr. Aguirre about one of his current whistleblowing clients, Darcy Flynn. Mr. Flynn was helping to manage the SEC's records and found that the practice of destroying investigatory files at the SEC had been going on since 1993. He alerted the authorities at the National Archives, and then the whitewash began.
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