Watch and be prepared,
We have no idea whether or not Anonymous has the capability to accomplish such a task. Although we would not be surprised if they do. We have learned never to underestimate the unknown.
There is a part of us that would welcome such an action. In fact a part of us would be high fiving and cheering were they able to carry it out.
There are a lot of people who would get there due should that happen. Unfortunately, there are also a lot of innocent people that would be hurt beyond recovery should such an incident occur. In fact we believe more innocents would be hurt than the corrupt who do not have all there eggs in one basket and spend a lot of time playing in the secondary and shadow markets that most are not even aware of.
Greece is Broke so the U.S. sells them tanks???
This is like either the world had gone totally crazy or Greece has figured out it can no longer buy groceries and must now steal them. From SVD NARINGSSLIV (translated):
No, it's October 5th - not April 1. While the EU's finance ministers are gathered to try to prevent a chaotic state bankruptcy of Greece seems to the country's military to be ready to let the credit card to work.
Hope we didn't let them use a credit card!Add to Technorati FavoritesAccording to the site Defencegreece, which in turn cites the newspaper Hellenic Defence & Technology, is the U.S. government gave the green light for the Hellenic Army to procure 400 of tanks such as M1A1 Abrams.It's about used vehicles, and the store is either a renovation, at a cost of tens of millions of dollars according Defencegreece, or a more advanced and even more expensive upgrade.Greece has also been under the Hellenic Defence & Technology requested a quote on 20 pieces of amphibious model AAV7A1. This is the first step in a business where the Greek defense plans to buy between 75 and 100 copies.
Bank of New York Mellon tagged for SCREWING it's customers
Once again another Bank shows it's appreciation to it's taxpaying customers, who bailed them out to the tune of $3 billion, by screwing them over.
Eric Schneiderman is going after another financial scalp, announcing this afternoon that, along with the City of New York, he is suing Bank of New York Mellon for defrauding clients in foreign currency exchange transactions.
The complaint alleges that over a 10-year period, BNY Mellon consistently misrepresented to customers the rates it would give foreign currency transactions. Instead of providing the best interbank rates BNY Mellon allegedly gave the worst or nearly the worst rates of the trading day, making nearly$2 billion from these trades.
Among the victims, Mr. Schneiderman’s office says, were the pension funds of New York City Employee Retirement System, the Teachers Retirement System of the City of New York, the New York City Police Pension Fund and the New York City Fire Department Pension Fund and the State University of New York.
This landmark case uncovered a fraud committed against both government and private pension funds,” Executive Deputy Attorney General Karla G. Sanchez said. “This office will continue to commit its full resources to hold those responsible accountable, seek restitution for the victims, ensure that our markets are fair and transparent, and uphold one set of rules for all market participants.”
According to a release from the AG’s office, BNY Mellon guaranteed customers that they would receive the “best rate of the day” or the “most competitive/attractive FX [foreign exchange] rates available to us” and claimed to monitor exchanges agents “to ensure that the best rate is attained for our clients.”
Instead, the bank provided customers the worst or nearly the worst of the pricing rates available that day.
What we find somewhat amusing is that this is the bank that:
Eric Schneiderman is going after another financial scalp, announcing this afternoon that, along with the City of New York, he is suing Bank of New York Mellon for defrauding clients in foreign currency exchange transactions.
The complaint alleges that over a 10-year period, BNY Mellon consistently misrepresented to customers the rates it would give foreign currency transactions. Instead of providing the best interbank rates BNY Mellon allegedly gave the worst or nearly the worst rates of the trading day, making nearly$2 billion from these trades.
Among the victims, Mr. Schneiderman’s office says, were the pension funds of New York City Employee Retirement System, the Teachers Retirement System of the City of New York, the New York City Police Pension Fund and the New York City Fire Department Pension Fund and the State University of New York.
This landmark case uncovered a fraud committed against both government and private pension funds,” Executive Deputy Attorney General Karla G. Sanchez said. “This office will continue to commit its full resources to hold those responsible accountable, seek restitution for the victims, ensure that our markets are fair and transparent, and uphold one set of rules for all market participants.”
According to a release from the AG’s office, BNY Mellon guaranteed customers that they would receive the “best rate of the day” or the “most competitive/attractive FX [foreign exchange] rates available to us” and claimed to monitor exchanges agents “to ensure that the best rate is attained for our clients.”
Instead, the bank provided customers the worst or nearly the worst of the pricing rates available that day.
What we find somewhat amusing is that this is the bank that:
won $3 billion in taxpayer bailout money was hired by the government to monitor all banks that pocketed public cash - including itself.
Bank of New York Mellon cashed in under the $700 billion Troubled Assets Relief Program - even as it was hired for $20 million to administer TARP money for the U.S. Treasury.
As "master custodian" for TARP and financial agent for the program, BONY safekeeps billions in cash, handles accounting and recordkeeping - and keeps track of limits on executive compensation at banks that got aid, a Daily News review of the deal found.Now we ask you, will anybody go to jail? Has anyone of the top "Banksters" gone to jail yet?Add to Technorati Favorites
The SEC again, Wall streets government police full of traitors
We have referenced a number of articles regarding the the SEC, Security and Exchange Commission, and how the agency that is supposed to be the governments watchdog over Wall Street is totally in bed with Wall street. Zero Hedge posted the following today:
Ever wonder why the final SEC report on the flash crash doesn't match up to the forensic evidence found by Nanex? It seems the SEC/CFTC failed to disclose they didn't get around to interviewing the traders that actually executed the algorithm blamed for dumping 75,000 emini contracts on the market "without regard to price or time" until 2 weeks after publishing their final report on the flash crash! Apparently, they were making a lot of things up to fit a foregone conclusion. According to the media, it was Waddell & Reed who executed those trades right? Well, no. Barclays executed the contracts using their time tested algorithm called Participation. You simply can't crash a market with the Participation algorithm. This is an algorithm that in fact has sophisticated price and time components. This is an algorithm that would only sell at the offer -- and never at the bid. This was discovered and pointed out by Nanex after just one day reviewing the actual 6,438 eMini contract trades (75,000 contracts) which ZeroHedge helped obtain. But the media was happy to hang the guilt on an out of town mid-west Mutual Fund company, and besides all this stuff was getting way too complicated. After all, when it comes to such complexities, it is only economy PhDs who are fit to opine at will. Only the SEC/CFTC wasn't counting on anyone double checking their work... So a week after Nanex published their findings on the eMini trades, the CFTC holds their very first interview with Vijay Pant -- the man in charge of executing the infamous W&R trades at Barclays using the Participation algorithm. Here's a link to the CFTC website showing that meeting. This was the first time the SEC/CFTC actually interviewed those with intimate knowledge about the algorithm blamed for the flash crash in the SEC/CFTC final report. How many heads will roll for this faux pas? And if it is only one, it better be that of Madoff "dear friend" Mary Schapiro who may have slipped through the cracks after the biggest ponzi scheme, since the US government, was handed to her on a silver platter. But not this time. If it is indeed confirmed that the agency, which is already in hot water for purposefully destroying evidence confirming various hedge funds have participated in insider trading, we are confident that the mere onslaught of class action lawsuits against the SEC, which one can now accuse of out right cover up, by anyone who lost money on May 6, will force not one but countless resignations, as the rats abandon the sinking ship, terrified by the prospect of civil and criminal liability pursuing their very own sad and pathetic bureaucratic careers. We urge any and all class action lawyers among our readers to do their thing.CREW also sent out an Email today announcing they have filed suit against the SEC for illegal document destruction, go here to read more . More posts on the SEC
Occupy Tallahassee starts Thursday (Tomorrow)
Occupy Tallahassee
Occupy Tallahassee will have its first general assembly 6:30-8 p.m. Thursday at The Farside, 803 Railroad Ave. For more information, visit Occupy Tallahassee's page on Facebook or the website occupytallahassee.org or send an email to StandTogether@occupytallahassee.org
From OccupyTallahassee.org
All the great support is what has really fueled us! We are hoping you all can make it out for our first general assembly at The Farside on Gaines next to The Engine Room, this Thursday at 6:30pm. Come ready, with open minds, and positive attitudes. We are peaceful and we are strong. We invite everyone to attend, including local police officers. We have met with a few organizations here in Tallahassee already, and we send our love out to them for their help, and look forward to seeing them on Thursday as well. If you are an organization or local business wishing to lend a hand, please feel free to contact usAdd to Technorati Favorites
From OccupyTallahassee.org
All the great support is what has really fueled us! We are hoping you all can make it out for our first general assembly at The Farside on Gaines next to The Engine Room, this Thursday at 6:30pm. Come ready, with open minds, and positive attitudes. We are peaceful and we are strong. We invite everyone to attend, including local police officers. We have met with a few organizations here in Tallahassee already, and we send our love out to them for their help, and look forward to seeing them on Thursday as well. If you are an organization or local business wishing to lend a hand, please feel free to contact usAdd to Technorati Favorites
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