News

Latest Updates

The "Tagesschau 24" prime-time news program on Germany's state-run national television last night ran an exclusive interview of several minutes with Wilhelm Hankel, also in a preview of the upcoming Sept. 7 ruling of the constitutional court on Hankel's legal challenge against the euro bailouts.

September 3rd, 2011 • 10:02 AM

The Federal Housing Finance Agency, as conservator for Fannie Mae and Freddie Mac, today filed legal actions against 17 of the world's largest financial institutions, based on the FHFA's conclusion that some of the huge losses that Fannie Mae and Freddie Mac incurred from the named banks' bundled mortgage-backed securities were caused by "misrepresentations and other improper actions by the firms

September 3rd, 2011 • 9:56 AM

Local 521 of the Plumbers and Pipefitters, in West Virginia, passed a resolution in favor of 1489 on Aug. 16. The full resolution is as follows:

RESOLUTION IN SUPPORT H.R. 1489
“THE RETURN TO PRUDENT BANKING ACT”
WHEREAS, an effective money and banking system is essential to the functioning of economy; and

WHEREAS, such a system must function in the public interest, without bias; and

September 2nd, 2011 • 10:14 AM

When Hurricane Irene charged ashore on Aug. 28 in the Northeast, it chugged right through an area of the country where some of the worst rural road and bridge conditions already existed because of long-term lack of investment in transportation infrastructure.

September 2nd, 2011 • 2:16 AM

Nevada's Attorney General (AG) Catherine Cortez Masto filed suit against Bank of America Aug. 30, charging them with fraud and misrepresentation in the origination, servicing and foreclosure of mortgages to Nevada homeowners, including failure to convey the documents which would have made their mortgage securitizations, and thus their mortgage-backed securities (MBS), legal and valid.

September 2nd, 2011 • 2:14 AM

On the same day as it was announced that Goldman Sachs had been sued by the Federal Housing Finance Agency for violating the law in its sale of mortgage securities, the contents of a Goldman Sachs "Strategy Note" was revealed in a major Italian daily.

September 3rd, 2011 • 10:00 AM

On the eve of Congress's return to Washington, the national pressure for that errant body to take the decisive action to protect the nation from disintegration by implementing the FDR-era Glass-Steagall law, is visibly growing.

September 3rd, 2011 • 9:48 AM

Tuesday night the Congressional Black Causcus (CBC) and Rep. Maxine Waters (D-CA) hosted the last of a several-city tour of town hall meetings and job fairs to address the high rates of unemployment in the African-American community. Several members of the CBC were in attendance, including CBC chair Emmanuel Cleaver, John Conyers, Barbara Lee, Sheila Jackson-Lee, and Jesse Jackson.

September 2nd, 2011 • 2:17 AM

"Yakutsk Dreams of Rail Link to Alaska," is the title of a front page item in the Aug. 31, 2011 insert, "Russia Now," distributed by the Washington Post. The pull-out is produced and published by Rossiyskaya Gazeta (Russia).

The news item is illustrated by a color image of a man and machinery at work, inside a huge tunnel, under construction. The text in full:

September 2nd, 2011 • 2:15 AM