Seems the Banksters lost and Bloomberg won as the Supreme Court refuses to hear the Federal Reserve Appeal on releasing the names of banks who received loans during the financial crisis.
The Federal Reserve must disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view. The justices today left intact a court order that gives the Fed five days to release the records, sought by Bloomberg News’ parent company, Bloomberg LP.
Bloomberg issued a FOIA in 2008 to discover which banks were receiving emergency loans from the Federal Reserve. It's taken this long to wind through the court system, which makes the delay over 2 years.
Meanwhile Goldman Sachs is seemingly setting up a hedge fund, using their own assets, in China, which is supposedly against the Volcker rule. Goldman Sachs claims it is not a violation and there are so many loopholes in the financial reform bill they are probably right.
Goldman Sachs Group Inc. (GS), the fifth-biggest U.S. bank by assets, will continue making principal investments with the firm’s own money because executives don’t think the so-called Volcker rule prevents the practice, a Bank of America Corp. analyst said.
The analyst, Guy Moszkowski, published a note to investors today after meeting last week with four Goldman Sachs executives in Hong Kong. New York-based Goldman Sachs doesn’t think U.S. legislation passed last year that bans proprietary trading and limits holdings in hedge funds and private-equity funds precludes buying stakes in companies and other assets, Moszkowski wrote.
“The market interpretation of Volcker rules is that this will be off-limits ahead, but GS believes that many such investments will remain permissible, and will be closing on a ‘meaningful’ one in China shortly,” Moszkowski’s note said.
So long after the damage is done, too big to fail is bigger and little in the financial sector has actually changed, we might see some Economic Armageddon forensics in the coming days.
Bank of America lawsuit
WHERE IS MY LOAN MODIFICATION BANK OF DESTROYING AMERICA!
BofA and it’s CEO Brian Moynihan reminds me of that song by John Lennon and George Harrison titled "Piggies" I invite you to listen to this song on youtube and see if it appropriately fits.
Have you seen the little piggies
Crawling in the dirt
And for all the little piggies
Life is getting worse
Always having dirt to play around in.
Have you seen the bigger piggies
In their starched white shirts
You will find the bigger piggies
Stirring up the dirt
Always have clean shirts to play around in.
In their ties with all their backing
They don't care what goes on around
In their eyes there's something lacking
What they need's a damn good whacking.
Everywhere there's lots of piggies
Living piggy lives
You can see them out for dinner
With their piggy wives
Clutching forks and knives to eat their bacon.
When I filed my lawsuit against Bank of America, I thought of the many others out there in the same situation. It was then that we decided to educate the public on what these piggy banks are doing, as well as unite us all together as one voice. Please help me turn this David vs. Goliath modification process, into a Goliath vs. Goliath.
Please stand with me and Brookstone Law Firm, and send an email to Bank of Abusing America that states that we will no longer tolerate their potentially illegal, fraudulent, irregular and abusive business methods.
So please send your email directly to Bank of America and include the following:
1. Your name
2. Your complaint concerning your experience with Bank of America.
3. Please end your email “I support John Wright vs. BofA Lawsuit!”
4. Please send a copy of your email to firstname.lastname@example.org
5. Please send your email to BofA CEO Brian Moynihan:
I HAVE HAD ENOUGH AND I AM FIGHTING BACK!
I have created piggybankblog.com for all of those who have been abused by Bank of Destroying Americas potentially irregular, fraudulent and simply abusive home loan modification process.
Divided we might have fell America. UNITED WE MUST STAND!
My name is John Wright AND I AM FIGHTING BACK!
We are forming a coalition in Texas
Join us as we form a coalition in Texas of homeowners who have been abused by the too-big-to-fail (but not too big to take our little houses away from us)we will fight them in class action, individual lawsuits even small claims court!!!!!! we will shame the Attorney General Greg Abbott into prosecuting these thieves!!!!
email me at email@example.com
I am a pissed of Texas Grandmom and I am not going to take it anymore!!!!!!