They Cooked The Books

The Video That Will Put Geithner Behind Bars

One Of The Greatest Crimes Ever Perpetrated

By Mike Whitney

You gotta see this! If this doesn't convince you that the Timothy Geithner knew about the securities shenanigans that were going on at Lehman, than I don't know what will. Keep in mind, that Geithner ran Lehman through 3 "stress tests" prior to bankruptcy; all of which Lehman failed, and yet, nothing was done. Anton R. Valukas--the examiner who wrote the 2,200 page investigative-report which was released on Thursday-- has provided plenty of information detailing Lehman's “materially misleading” accounting and “actionable balance sheet manipulation.” In other words, they cooked the books. Eves Smith at Naked Capitalism sums up what was going on like this: "Quite a few observers... have been stunned and frustrated at the refusal to investigate what was almost certain accounting fraud at Lehman. ....The unraveling isn’t merely implicating Fuld (Lehman CEO) and his recent succession of CFOs, or its accounting firm, Ernst & Young, as might be expected. It also emerges that the NY Fed, and thus Timothy Geithner, were at a minimum massively derelict in the performance of their duties, and may well be culpable in aiding and abetting Lehman in accounting fraud and Sarbox violations.... We need to demand an immediate release of the e-mails, phone records, and meeting notes from the NY Fed and key Lehman principals regarding the NY Fed’s review of Lehman’s solvency. If, as things appear now, Lehman was allowed by the Fed’s inaction to remain in business, when the Fed should have insisted on a wind-down ..... at a minimum, the NY Fed helped perpetuate a fraud on investors and counterparties. This pattern further suggests the Fed, which by its charter is tasked to promote the safety and soundness of the banking system, instead, via its collusion with Lehman management, operated to protect particular actors to the detriment of the public at large. And most important, it says that the NY Fed, and likely Geithner himself, undermined, perhaps even violated, laws designed to protect investors and markets. If so, he is not fit to be Treasury secretary or hold any office related to financial supervision and should resign immediately. (Naked Capitalism) Repeat: "Accounting fraud", "collusion", "aiding and abetting." These are serious charges by a usually restrained blogger. And this is from Zero Hedge: "Lehman has become merely the latest example of all that is broken with today's crony capitalist system.... The evident conclusion is that the core driver of modern capitalist society is fraud at its very core, and nothing short of a massive revolutionary overhaul of the political system, which is the number one defender .. of very lucrative bribes and kickbacks originating from the same rotten Wall Street that (is) nothing but a sham filled with toxic assets" Zero Hedge This story isn't going away. Someone has to go to jail. It's clear that Geithner acted as the "chief facilitator" of industrial scale securities flim-flam which led directly to the Great Crash of '08. He needs to be held accountable for his actions.

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War on the Horizon in Latin America

By Eva Golinger

The Empire will stop at nothing to find mechanisms and techniques to achieve its final objective, and we cannot disregard the possibility of a military conflict in the near future. If the US places Venezuela on the “terrorist list” this year, we could be on the verge of a regional war. Continue

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Welcome to America, Sucker
Ponzi Nation: How Get-Rich-Quick Crime Came to Define an Era

By Andy Kroll

Every great American boom and bust makes and breaks its share of crooks. The past decade -- call it the Ponzi Era -- has been no different, except for the gargantuan scale of white-collar crime. A vast wave of financial fraud swelled in the first years of the new century. Continue

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The Rogue Nation

By Philip Girald

The Pentagon will be developing a new generation of super drones that can stay airborne for long periods of time and can strike anywhere in the world and at any time to kill America’s enemies. The super drones will include some that can fly at supersonic speeds and others that will be large enough to carry nuclear weapons. Continue

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The Threatening Dangers

By Fidel Castro

No place on earth or in the sea, no matter how deep, is beyond reach of the current means of war. Continue

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The 9/11 Hijackers are Alive?

Video Interview With Dr. David Ray Griffin

According to the chief of Japans Democratic Party who says that the 9/11 hijackers are alive and that 9/11 was a complete hoax. Dr. David Ray Griffin is a professor and author who wrote The New Pearl Harbor Revisited and he says that he agrees; the World Trade Center was a hoax.

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Fiction of Marja as City Was U.S. Information War

By Gareth Porter

The picture of Marja presented by military officials and obediently reported by major news media is one of the clearest and most dramatic pieces of misinformation of the entire war, apparently aimed at hyping the offensive as a historic turning point in the conflict.

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