Economic News Videos: The Greatest Wealth Transfer in History

Why Isn’t Wall Street in Jail?

Matt Taibbi
Rolling Stone
February 17, 2011

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

“Everything’s fucked up, and nobody goes to jail,” he said. “That’s your whole story right there. Hell, you don’t even have to write the rest of it. Just write that.”

I put down my notebook. “Just that?”

“That’s right,” he said, signaling to the waitress for the check. “Everything’s fucked up, and nobody goes to jail. You can end the piece right there.”

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Tags: Wall Street, Wall Street in Jail

Jobless claims tick back above 400,000

Ben Rooney
CNNMoney
February 17, 2011

The number of Americans filing first-time claims for unemployment benefits edged up last week, the government said Thursday.

There were 410,000 initial jobless claims filed in the week ended Feb. 12, according to the Labor Department. That was up 25,000 from the week before, and slightly more than the 408,000 claims economists surveyed by Briefing.com had expected.

Continuing claims — which include people filing for the second week of benefits or more — rose by 1,000 to 3,911,000 in the week ended Feb. 5, the most recent week available.

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Tags: Jobless claims, unemployment, unemployment benefits

Keiser Report: Welcome to Fakeville (E122)

This time Max Keiser and co-host, Stacy Herbert, talk about Guanxi schemes selling fictional forests for real money, while real farmland cant find even a virtual penny. In the second half of the show, Max talks to author and documentary filmmaker, Greg Palast, about whether it is peak oil or oil dictatorships that is the bigger threat to the global economy.

Tags: austerity, bankers, bankrupt, bubble, budget, crash jp morgan buy silver, currency, deficit, dollar, E122, economy, Episode 122, euro, finance, GDP, gold price, Goldman Sachs, imf, inflation, J.P. Morgan, Keiser RT, max keiser, maxkeiser.com, ponzi scheme, rt, security, stacy herbert, stock markets, US foreign debt, Wall Street, world financial crisis

Bernanke: Fed Moving Ahead on Financial Revamp

Federal Reserve Chairman Ben Bernanke says the central bank is working closely with other regulators to implement the biggest overhaul of the nation’s financial rules since the 1930s. (Feb. 17)

Tags: 1st Ld-Writethru, BC-US--Financial Overhaul

Obama Budget Chief Lew: Social Security Won’t Collapse

Complete video at: http://fora.tv/2011/02/17/Monitor_Breakfast_OMB_Director_Jacob_Lew

Speaking at a Monitor Breakfast about the federal budget, Office of Management and Budget Director Jacob Lew said that social security does not contribute to the deficit in the medium term and is in no imminent danger of collapsing. “There is no need to deal with social security and dealing with it would have, at best, negligible impact,” said Lew.

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Jacob “Jack” Lew was confirmed by the Senate on November 18, 2010, as the Director of the Office of Management and Budget, a position he previously held from 1998 to 2001.

Before returning to OMB, Lew was the first Deputy Secretary of State for Management and Resources, in which capacity he served as Chief Operating Officer of the department.

Tags: csm monitor, federal budget deficit, fora, fora.tv, foratv, jacob lew, obama, omb, social security, tv, White House

Could US banks get away with anything?

JP Morgan has an incentive to keep the number of Americans enrolled in the food stamp program as high as possible because it’s the largest processor of food stamp benefits. Michael T. Snyder, the founder of The Economic Collapse Blog says JP Morgan and other big banks appear to get away with anything; there does not appear a desire by the government to do something.

Tags: bailouts, big banks, bonuses, commodities, economic policy, economy, finance, food stamp cards, food stamps, Goldman Sachs, jobs, jp morgan, kristine frazao, Michael T. Snyder, outsourcing, profits, RT America, RTAmerica, stimulus, The Economic Collapse Blog, unemployment, Wall Street

Pentagon Almighty: Defense Budget Fat, Sick Economy Starving

The big guns of America’s military establishment are taking defensive action on Capitol Hill to protect their budget. Defense secretary Robert Gates warned cuts any deeper than the 78 billion dollars proposed by President Obama, would have ‘tragic consequences’.

Tags: Afghanistan, Christine Frazao, conflict, defense spending, gerald celente, iraq, robert gates, rt, US economy, US military, US wars

Gerald Celente: “Meet The New Boss, Same as Old Boss” – Alex Jones Tv

Alex also welcomes back to the show trend forecaster, publisher of Trends Journal, and business consultant Gerald Celente. Alex also covers the latest news and takes your calls

Tags: 9/11, alex jones, bilderberg group, buncker, cia, club of rome, devil, dick cheney, forecaster, gerald celente, illuminati, infowars.com, Israel, journal, luke rudkowski, MI6, mossad, nwo, queen england, rothschild, satan, stand-down orders, thealexjoneschannel, trends, wearechange