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Conspiracy & Corruption

Conspiracy Theories

The Vatican Bank and Nazi Gold: A Scandal Unsolved

What the public knows about the Vatican Bank and Nazi gold scandal is that it relies heavily upon survivor accounts and one mysterious document.

While the evidence leaves room for speculation, it is less easy to discount the untold millions in Nazi plunder that went missing after the fall of the Reich, a majority of which remains unaccounted for.

Have a look at the evidence that's available so far and decide for yourselves...

Conspiracy Theories

What Is Jade Helm? Here Are the Latest Scandals

What is Jade Helm? It's a question being asked by citizens across the country. It's a military exercise! It's a secret takeover! It's a bunch of death squads!

One thing's for sure: Jade Helm is the center of controversy right now.

Here are the latest scandals...

Conspiracy Theories

What Is Jade Helm, and Why Are People Worried About It?

It's a question on the minds of many Americans, especially Texans: What is Jade Helm? Is it a military exercise? Or is it something much more sinister than that?

Well, the government and the military say one thing, the people of Bastrop, Texas say something else entirely.

Here are the Jade Helm conspiracy theories everybody's talking about...

Wall Street

Don't Believe the Headlines – Big Banks Are Still Screwing You

When it comes to big banks' bad behavior and the fines they pay to settle "allegations" – which are actually civil charges and which would be criminal charges if applied to any other business or in any parallel universe – things aren't even close to what they seem.

Sure the headlines scream victory, at least monetary victory, for some ripped-off consumers, some hard-charging regulators, and our vaunted (NOT) Justice Department.

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Top News

How I Know JPMorgan (NYSE: JPM) Was Complicit in the Biggest Ponzi Scheme Ever

I've said it before, and even though I've been threatened, in not so subtle ways, and been warned not to piss off certain people in power, I'm going to keep on saying it:

JPMorgan (NYSE: JPM) is a criminal enterprise.

Yesterday (Monday) the mega enterprising bank began talks to settle civil and criminal charges that it ignored signs its banking client Bernie Madoff was a Ponzi-running, lying, cheating crook. (Which he was.)

Some might even call it criminal...

Washington

Volcker Rule Means "Sleepless Nights Ahead for Bankers"

After two years of review and lengthy revisions, all five regulatory agencies unanimously passed the controversial Volcker Rule on Tuesday.

The 953-page new version of the Volcker Rule imposes a strict ban on proprietary trading (when banks use their own funds to make trades). In effect, it bans banks from trading for their own gain. Included in the revised version is new wording targeting the sort of risk taking that was responsible for last year's $6 billion trading loss at JPMorgan.

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Top News

The Five Biggest Corporate Fines Ever in the United States

The JPMorgan Chase & Co. (NYSE: JPM) $13 billion settlement finalized Tuesday tops the list of the biggest corporate fines ever in the United States.

The Department of Justice, attorney general, and other agencies have said that the JPM deal will serve as a framework for resolving other lender issues, meaning more record-breaking fines could be on the way.

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Top News

What Can You Buy For $616 Million? Not Much, If You’re Steven A. Cohen

Steven A. Cohen's SAC Capital Advisors was one of the biggest, most powerful and profitable hedge funds on Wall Street. Cohen himself is a legendary figure, replete with odd, personal eccentricities that are the hallmark of the truly brilliant.

Famous for spending hours as a younger man watching the tape roll by, and for keeping his Stamford, CT, trading floor at a steady 68 degrees, Steve Cohen made billions for his clients – and himself.

Now the sharks are circling, the dominos are falling – nearly any hackneyed metaphor a writer could think of to evoke a doomstruck sentiment applies.

The SEC and Manhattan U.S. Attorney Preet Bharara have pursued Cohen and SAC Capital with a rare, almost indecent zeal. The charge is insider trading, allegations which Cohen vehemently denies, but which the SEC is pursuing.

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What is CISPA?

The Cyber Intelligence Sharing and Protection Act has kept the Internet buzzing this week, leading many to ask, "What is CISPA?"

Basically, CISPA would allow companies and government agencies to share information they considered to be a "cyber threat" with other private companies or the government and not be penalized for such sharing.

The divisive cybersecurity legislation comes up for a vote in the House Friday, and civil liberties groups, Internet groups, and a swarm of political leaders are taking a strong stance against the bill.

The American Civil Liberties Union (ACLU) maintains CISPA is a serious threat to domestic privacy laws and threatens to undercut vital privacy protections.

The ACLU argues the bill is even more insidious than the Stop Online Piracy Act (SOPA), stating that the legislation "would give the government, including military spy agencies, unprecedented powers to snoop through people's personal information–medical records, private emails, financial information-all without a warrant, proper oversight or limits."

Even the Obama Administration opposes the bill, siding with the Internet forces on this one. President Barack Obama said Wednesday he would veto the bill if it passed in current form.

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Are Federal Reserve Presidents Gaming the System?

The presidents of the U.S. Federal Reserve may not have used their knowledge for personal gain, but a look at their assets does show several apparent conflicts of interests. More than 600 pages of disclosure documents were released last week after Bloomberg News filed a Freedom of Information Act request. The most troubling revelation concerned […]

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