Pfizer's History of Fraud, Corruption, and Using Nigerian Children as 'Human Guinea Pigs'

https://kanekoa.substack.com/p/pfizers-history-of-fraud-corruption

The Entire Status Quo Is a Fraud

http://charleshughsmith.blogspot.com/2016/04/the-entire-status-quo-is-fraud.html

Stunning Libor Fraud Admissions: "As For Kick Backs We Can Discuss That At Lunch" And Much More

http://www.zerohedge.com/news/2013-09-25/kick-backs-we-can-discuss-lunch-libor-manipulation-full-frontal

Head of the IMF Christine Lagarde in court charged with embezzlement and fraud

First, Dominique Strauss-Kahn was accused of rape.  Now, his replacement, Christine Lagarde is accused of embezzlement and fraud.

Here's the thing--whether they are guilty or not is irrelevant.  The truth of the matter is they are being targeted despite being heads of the central bank of central banks, because they are offering resistance on endless money printing.  Sure, all bankers want to print money endlessly, but they also have to voice the their concerns over what I call legalized counterfeiting because enough people are concerned.  However, speak too loudly, and their peers get nervous.

The financial system is broken and on the verge of collapse, so the rats are pointing fingers at other rats in the sinking ship.

http://www.standard.co.uk/news/world/head-of-the-imf-christine-lagarde-in-court-charged-with-embezzlement-and-fraud-8628670.html

As the IRS and other scandals are telling us, nobody is immune to investigation--even if they are allies of the President.  And it also goes to show you that the seemingly all-powerful central bankers are merely puppets in the big scheme of things.  The financial elite pulling their strings behind the scenes will toss them aside and assassinate their characters, if they don't perform their jobs of printing trillions more.

Paper-Gold Fraud Now Out In The Open

http://www.bullionbullscanada.com/gold-commentary/26036-paper-gold-fraud-now-out-in-the-open

U.S. Sues Wells Fargo: Yet Another Bailed-Out Bank Accused of Fraud

Warren Buffett and Charlie Munger should just STFU.  They are just as crooked as the banksters they so easily denigrated.

http://www.rollingstone.com/politics/blogs/taibblog/u-s-sues-wells-fargo-yet-another-bailed-out-bank-accused-of-fraud-20121010

The Fraud of Negative Gold/Silver Lease Rates

http://silvergoldbull.com/blog/analysis-fraud-of-negative-lease-rates/

A Tale Of Outright Fraud From An Ex-Member Of Citi's Corporate Derivatives Team

http://www.zerohedge.com/article/tale-outright-fraud-ex-member-citis-corporate-derivatives-team

CFTC regulator alleges fraud in silver trading

http://www.ft.com/cms/s/0/3f5faf38-e125-11df-90b7-00144feabdc0.html

Matt Taibbi on Goldman

http://www.rollingstone.com/politics/news/;kw=[3351,136554]?RS_show_page=0

Many of us have read Taibbi's hard-hitting articles on Wall Street's fraudsters. But what intrigued me the most were his anecdotal comments on Wall Street's other crimes-in-progress.

http://www.gata.org/node/8591

"There is more fraud out there, and everyone knows it: front-running, manipulation of the commodities markets, trading ahead of interest-rate moves, hidden losses, Enron-esque accounting, Ponzi schemes in the precious-metals markets, you name it. We gave these people nearly a trillion bailout dollars, and no one knows what service they actually provide beyond fraud, gross self-indulgence and the occasional transparently insincere public apology."

[ed. bold emphasis is mine]

When and if the story on precious metals price suppression breaks, the emperor will be exposed as naked, in more ways than one.

SEC vs. Goldman Sachs revisited

A blog on senior SEC officials spending an inordinate amount of their work hours looking at porn during work hours was entered last week:

http://gregnguyen.blogspot.com/2010/04/sec-officials-watching-porn-on.html

My cynical take was that Goldman Sachs, the accused in the SEC's fraud case, leaked these findings to the press, in order to discredit the SEC (which doesn't need it, given their horrific track record of being asleep at the switch).

I also blogged this entry, hinting at a clever strategy of how a company can profit from its own share price collapsing.

http://gregnguyen.blogspot.com/2010/04/goldman-puts-soared-friday.html

This is my speculation on the recent events. It's a false choice of two black hats.

The SEC, for all its ineptitude, filed fraud charges against Goldman Sachs last Friday. Their private investigators and captured journalists probably went into overtime to find the dirt on the normally shiftless, asleep-at-the-wheel SEC.

Goldman Sachs may have profited from the announcement of the lawsuit. $1,000 turned into $140,000 in less than a minute Friday when the out-of-the-money put options went deep into the money--on the day which those March put options expired. Coincidence?

Let's continue the speculation. Someone within the SEC could have tipped off someone at Goldman Sachs, so Goldman's cronies could place bets on the shares of Goldman Sachs tanking. The volume on Goldman puts options leading up to last Friday's options expiry was suspicious. In other words, Goldman could have bet on their own shares tanking--and made a huge profit in the process when it did tank upon news of the fraud case being filed by the SEC.

But the SEC is too stupid or too corrupt to chase its own tail. And they also picked the weakest case to prosecute. This case is about one smart investor (hedge fund manager John Paulson) betting on the obvious (shorting subprime mortgage bonds) and monkeys taking the other side of the bet. But it makes Obama look like he's fighting the banker fat cats on Wall St. to appease the populist anger among the masses. Again, the public doesn't understand the parasitic relationship between Wall Street and K Street.

Goldman Sachs CEO Lloyd Blankfein has been at the White House four times times since Obama has taken office, and Goldman was the second largest donor to his campaign. Goldman is a staunch supporter of the Democratic party, given their long history of placing executives in Democratic Administrations (Robert Rubin being the most prominent). It's one thing to publicly admonish big bankers gone wild publicly; it's another thing to make back room deals behind closed doors. If there are dismissals at Goldman, expect golden parachutes for their executives.

I'm surprised Jamie Dimon hasn't been targeted. JPMorgan Chase has allegedly manipulated markets with impunity and there is nary a whisper from the regulators. There is a long list of potential targets among the big banks. Let's see where that leads us to. I'm betting on misguided regulation after the fact, which will only hurt the small businesses so crucial in economic growth. They are the growth engine of America--not bankers profiting from rigged markets.

The financial system was robbed of tens of trillions of dollars on derivatives of hundreds of trillions of dollars, and all the SEC can come up is to scapegoat one 31-year old trader? Reform is an illusory ideal, as the rot in our financial system still exists.

Goldman puts soared Friday

http://www.bloomberg.com/apps/news?pid=20601110&sid=aw4bmHoGJh5s

$1000 worth of Goldman put options soared to $400,000 by the end of the day. There was heavy put volume leading up to expiration day. Ya think someone got tipped off that the US Government was going to charge Goldman Sachs with securities fraud?

AIG and Other Insurance Companies in this Bailout

I agree with Porter Stansberry's take on AIG's near-collapse, and its financial ramifications worldwide. Here is my take, with my own edits:

There's 3 things I learned that we need to understand before we figure out what we have to do going forward:

1) Without the government's actions, the collapse of AIG could have caused every major bank in the world to fail.

2) Without the credit default swap market, there's no way banks can report the true value of their assets - they'd all be in default. That's why the government will enact laws that require the suspension of mark-to-market accounting. Essentially, banks will be allowed to pretend they have far higher-quality loans than they actually do. AIG can't cover for them anymore. Our "recovery" plan includes false accounting.

3) Without the huge fraud perpetrated by AIG, the mortgage bubble could have never grown as large as it did. Yes, other factors contributed, like the role of Fannie and Freddie in particular. But the key to enabling the huge global growth in credit during the last decade can be tied directly to AIG's sale of credit default swaps without collateral. This went on for a decade, exacerbating the problem.

I agree with allocating at least 10% of assets toward gold. But a flight to quality means not only gold, but also to well-capitalized market share leaders who are being undeservedly punished. I have my targets, but every individual needs to find their own comfort level.