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Archive for the ‘Bad Business’ Category

Lawmaker Seeks FBI Files On Financial Crash; Wants To See Why No Bank Execs Were Arrested – Consumerist

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Millions of Americans lost their jobs, houses, savings, and more when the housing market collapsed under the weight of mortgages that should never have been approved, let alone bundled and converted into worthless, toxic securities. And yet, no senior Wall Street bank executives were ever charged with a crime. Now one U.S. congressman is asking to look at the FBI files to find out why. In a letter [PDF] sent yesterday to FBI Director James Comey, Rep. Bill Pascrell (NJ) points out that in 2004 — four years before the collapse — the FBI had already expressed concerns about questionable mortgage practices that would ultimately result in the loss of trillions of dollars in household wealth.

Source: Lawmaker Seeks FBI Files On Financial Crash; Wants To See Why No Bank Execs Were Arrested – Consumerist

Written by voiceoftruthusa

September 7, 2016 at 4:18 pm

Investigation: Monsanto Aware for 40 years that Glyphosate Causes Cancer

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Monsanto had been aware for 40 years now that glyphosate causes cancer — yet they remain mum about it. This was revealed by a new paper by researchers Anthony Samsel and Stephanie Seneff through an article published by GMWatch. Samsel examined Monsanto’s secret toxicology data after he obtained it through a request to his senator. Both Samsel and Seneff concluded that “significant evidence of tumors was found during the investigations.” They also revealed that Monsanto diluted the data to decrease its significance by including data and statistics from unrelated experiments to create doubt and obscure significant evidences.

Source: Investigation into top secret studies reveal glyphosate’s link to cancer

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August 31, 2016 at 12:17 pm

Apple’s Tim Cook harshly Criticizes Facebook, Google, Government Over Personal Privacy – Fortune

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Apple boss Tim Cook lashed out at Internet giants and government Tuesday, calling them out for undermining constitutionally-guaranteed rights to privacy.

In a speech seemingly aimed at differentiating Apple’s corporate culture from some of its biggest rivals in Silicon Valley, Cook stepped up his criticisms of those who fund their business models by monetizing users’ data.

“We at Apple reject the idea that our customers should have to make tradeoffs between privacy and security,” Cook said. “We can, and we must provide both in equal measure. We believe that people have a fundamental right to privacy. The American people demand it, the constitution demands it, morality demands it.”

Later in the article, Cook made this great, insightful comment:

“Removing encryption tools from our products altogether, as some in Washington would like us to do, would only hurt law-abiding citizens who rely on us to protect their data,” Cook said. “The bad guys will still encrypt; it’s easy to do and readily available.”

Read that again if need be. If the bad guys can easily encrypt their communications, and the government knows this, then why do they still insist that average American citizens not have their data encrypted? Wake up Americans! To paraphrase Kanye West when he accused Bush of not caring about black people, the U.S. Government does not care about Americans.

via Apple’s Tim Cook savages Facebook, Google, Government over privacy – Fortune.

Written by voiceoftruthusa

June 3, 2015 at 12:49 pm

The Real Reason Behind the FIFA World Cup Scandal

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Some members of the US Congress also urged FIFA to reconsider its rewarding of the 2018 World Cup to Russia, with Republican Senator Robert Menendez, saying he has been deeply “concerned about FIFA’s selection of Russia.”Blatter said the US-led probe may be influenced by Washington’s disappointment in [not] having the 2022 World Cup on its soil.

Keep in mind that Menendez is the subject of his own corruption scandal t hat somehow was kept out of the narrative for this scandal.

via PressTV-FIFA hints US probe has ulterior motives.

Written by voiceoftruthusa

May 30, 2015 at 3:29 pm

L.A. sues Wells Fargo, alleging ‘unlawful and fraudulent conduct’ – LA Times

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L.A. sues Wells Fargo, alleging 'unlawful and fraudulent conduct' - LA Times

Rigid sales quotas at Wells Fargo Bank have driven employees to open unauthorized accounts for customers, sticking them with bogus fees and damaging their credit, according to a city of Los Angeles lawsuit that echoes a Times investigation.The civil complaint, filed Monday in state court in Los Angeles by City Atty. Mike Feuer, says the largest California-based bank encouraged its employees to engage “in unfair, unlawful and fraudulent conduct” through a pervasive culture of high-pressure sales. Employees misused customers’ confidential information and often failed to close unauthorized accounts even when customers complained, the suit alleges.Some employees went so far as to raid client accounts for money to open additional accounts, the suit alleges.

via L.A. sues Wells Fargo, alleging ‘unlawful and fraudulent conduct’ – LA Times.

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May 5, 2015 at 5:02 am

NSA Spying to Cost US IT Companies $47 Billion in Next 3 Years / Sputnik International

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NSA Spying to Cost US IT Companies $47 Billion in Next 3 Years / Sputnik International

MOSCOW (Sputnik) – The US National Security Agency’s (NSA) PRISM surveillance program could cost US-based cloud and outsourcing vendors an overall three-year loss of $47 billion in revenues, a Forrester Research study revealed.

Lost revenue from spending on cloud services and platforms is expected to amount to over $500 million in the period between 2014 and 2016, according to the analysis, released by the independent technology and market research company on April 1.

via NSA Spying to Cost US IT Companies $47 Billion in Next 3 Years / Sputnik International.

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April 6, 2015 at 12:49 am

Germanwings Airline Crash: Another West-Designed False Flag Terror PsyOp | The Millennium Report

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The most overlooked piece of evidence in the downing of the Germanwings Airbus A320 is as follows:

Witnesses have described hearing an explosion ‘like the sound of dynamite’, and then seeing fighter jets fly past, suggesting the passenger plane had been under military escort.’

In the history of the commercial airline industry never has a jetliner been brought down under the bizarre and much publicized circumstances of a depressed pilot deliberately executing a “crash and burn” scenario. Given the number of mysterious airliner crashes and explosions over the past few years, there appears to be only one explanation for this purposeful takedown.

via Germanwings Black Operation: Another AAA False Flag Terror PsyOp | The Millennium Report.

Written by voiceoftruthusa

March 29, 2015 at 6:03 am

The Truth Behind the 2014-5 Oil Price Plunge

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If you believe the mainstream media, the deep, almost catastrophic dive in oil and subsequent gas prices just suddenly came out of nowhere. They expect the average consumer to simply be happy with having more money in their pockets. A few politicians are even making the case for increasing taxes on gas. Ignorance is bliss.

Or is it?

If you recall in the years of higher and higher gas pump prices, economists and other experts were telling us to get used to higher gas prices for the foreseeable future as demand outpaced supplies, and it was too expensive for America to supply gas from sources within its own borders. These experts scoffed at the idea that a barrel of oil would ever fall below $50 again.

So what happened? Where are these experts now?

Here’s a harsh, dark economic reality for those not familiar with the truth about macroeconomics: nothing happens by accident in macroeconomics or on Wall Street. Nothing. There is a reason for every single up and down you see in economic and business cycles around the world.

So why now is it considered profitable for America to help oversupply oil and gas to the insane point where a barrel of oil falls below $50? Why would Saudi Arabia, whose own government budgets require oil prices be well above $50, boldly vow that oil will never again reach $100. The answer will shock many, but not the most astute readers who know how to go beyond the shallow headlines.

America, Saudi Arabia and Israel are at war against Russia.

We saw the Ukraine campaign of this war, where America wants to attack a key source of income for Russia, even if it mean damaging Europe’s economy. We saw the Libya battleground where the U.S. and Saudi Arabia angered Russia by killing Gadhafi. We saw that Saudi Arabia was angered at Russia, and Putin in particular, when Putin rejected a $1 billion bribe to keep Russia out of the way while the U.S., Israel and Saudi Arabia use weapons caches in Iraq and Libya to try to destabilize Syria, which only a decade earlier was considered a close “friend” to the West.

Syria was the last straw that broke the camel’s back. Therefore, the U.S., Saudi Arabia, and Israel hatched a plan to retaliate against Russia, which has one of the world’s largest supply of oil and gas. Saudi Arabia launched a suicidal, kamikaze style attack against Russia by triggering the current oil price plunge. This act not only is suicidal for Saudi Arabia, but also other OPEC nations, and even the U.S. and Europe. The western press will be less than truthful of course as they provide cover for this economic warfare by misleading the public with overly optimistic outlooks on the economy. They will blame energy speculators for the collapse as a cover story.

If you consider the list of enemy states or states targeted for less than friendly actions, the U.S. and Europe are looking at conquering Syria, Iran, Russia, China, North Korea. The West has been trying to conquer Russia and China since the mid 1800s.

All money is not good money, even when it results from a big fall in oil prices that temporarily puts more money in your pockets. Nothing comes free in life. Keep that in mind as you hear the rest of the headlines regarding this suicidal plunge in oil prices.

Written by voiceoftruthusa

January 15, 2015 at 3:51 pm

Chinese Real-Estate Default Rocks Junk Bonds – Business Insider

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The Chinese real-estate developer Kaisa Group Holdings had a healthy balance sheet, according to investors and observers alike. It was the top-rated residential-property-sales firm in the city of Shenzhen, in the first half of 2014. It was known for fast, reliable work.

But on Thursday, Kaisa appeared to become the first Chinese development firm to default on offshore debt, missing a $128 million interest payment on $500 million of debt to foreign investors. Representatives of the company say they aren’t sure whether the payment was made, The Wall Street Journal reports.

via Chinese Real-Estate Default Rocks Junk Bonds – Business Insider.

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January 12, 2015 at 12:36 am

Is the U.S. Waging a Suicidal Economic War Against Russia?

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The US is behind the current drop in oil prices as it is aiming to undermine the economies of large petroleum producers Russia and Venezuela, Bolivian President Evo Morales told RT.

In his interview with RT’s Spanish-language channel, Morales said that it’s was “a pity” that Washington remains on a “wrong course” by continuing to use sanctions against its political rivals.

“[The US thinks] we are living 200, 300 or 500 years ago, instead of today. But all the past should remain in the past. The US should realize this,” he told RT’s Spanish channel.

via The US is behind the current drop in oil prices – Bolivia’s president — RT News.

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December 20, 2014 at 5:49 pm