American Conspiracies - Jesse Ventura [133]
13 JFK and Federal Reserve: “President John F. Kennedy, the Federal Reserve and Executive Order 11110,” by Cedric X, The Final Call, Vol. 15, No. 6, January 17, 1996.
14 Greenspan on Federal Reserve: “AIG A Gold Standard for Fiascoes,” by Rhonda Swan, March 20, 2009, Palm Beach Post.
15 Reagan era: “Reagan Did It,” by Paul Krugman, New York Times, June 1, 2009.
16 Glass-Steagall Act: “Shattering the Glass-Steagall Act,” by William Kaufman, September 19, 2008, www.counterpunch.org; “Wall Street’s Best Investment,” by Robert Weissman and James Donahue, Multinational Monitor, January-February 2009.
17 “bar-room brawl”: L. William Seidman, a longtime Republican adviser.
18 Bush Administration and economy: “White House Philosophy Stoked Mortgage Bonfire,” New York Times, December 21, 2008.
19 “red flags” at SEC: “Report Details How Madoff’s Web Ensnared S.E.C.,” New York Times, September 3, 2009, citing a new report by the SEC’s inspector general.
20 SEC ignoring expert: “First the Swindle, Now the Whitewash,” by Eamonn Fingleton, CounterPunch, Sept. 16-30, 2009.
21 Company hotline: “SEC Alerted About Allen Stanford in 2003: Report,” February 27, 2009, www.reuters.com.
22 SEC and Madoff: “SEC’s Madoff Miss Fits Pattern Set With Piquot,” by Gary J. Aguirre, Bloomberg, February 2, 2009; “SEC Whislteblower Speaks on Madoff Fraud,” by Matt Renner, Dec. 22, 2009, www.truthout.org.
23 Spitzer investigation: Madsen article, op.cit.
24 Luxury spa retreat: “More pigs at the trough,” by Arianna Huffington, July 28, 2009, www.truthout.org.
25 Cassano’s unit: Market Ticker, by Karl Denninger, March 31, 2009.
26 Office of Thrift Supervision/housing market: “The Big Takeover,” by Matt Taibbi, Rolling Stone, www.truthout.org, March 23, 2009.
27 Paulson and SEC: “Obama’s Top Econic Adviser is Greedy and Highly Compromised,” by Matt Taibbi, April 10, 2009, www.alternet.org.
28 Goldman “lending lust”: “It’s time to enshrine Hank Paulson as national hero,” by Matt Taibbi, June 8, 2009.
29 “strongest in decades”: Ibid.
30 Oil and commodities: Taibbi article, Rolling Stone.
31 Industry subsidies: “Former Wall Street Player Reveals the Inside World Behind Shady Bailouts to Bankers,” Alternet, op.cit.
32 John Thain: Taibbi, “The Great American Bubble Machine” (area rug); “Why an A**Hole Is Always in Charge,” by Greg Palast, January 25, 2009.
33 Paulson-Blankfein calls: “Paulson’s Calls to Goldman Tested Ethics During Crisis,” New York Times, August 9, 2009.
34 Goldman check: “Former Wall Street Player,” Alternet.
35 Spitzer on “inside job”: “The Real AIG Scandal,” by Eliot Spitzer, March 18, 2009, www.slate.com.
36 $40 billion outstanding: “Why big US, Foreign Banks Got Billions from AIG Bailout,” by Greg Gordon and Kevin G. Hall, McClatchy newspaper, April 6, 2009, www.truthout.org.
37 AIG’s overseas paybacks: “AIG a gold standard for fiascoes,” by Rhonda Swan, op.cit.
38 AIG losses: Taibbi article.
39 AIG bonuses: Taibbi article, op.cit.
40 Cassano fired but salaried: Market Ticker, op.cit.
41 Total financial support in trillions: www.sigtarp.gov/reports/congress/2009/July2009_Quaraterly+Report+to+Congress.pdf (p. 134).
42 $1.1 trillion; quote: “The Greatest Swindle Ever Sold,” by Andy Kroll, May 26, 2009, originally at TomDispatch. com, www.truthout.org. Economist quoted is Dean Baker, who co-directs the Center for Economic and Policy Research in Washington.
43 Big banks: “Banks ‘Too Big to Fail’ Have Grown Even Bigger,” by David Cho, Washington Post, August 28, 2009.
44 Lewis/Cohan op-ed: “The Economy Is Still at the Brink,” New York Times, June 7, 2009.
45 Federal Reserve and economists: “Priceless: How the Federal Reserve Bought the Economics Profession,” by Ryan Grim, The Huffington Post, September 7, 2009.
46 Ron Paul and bill: www.ronpaul.com.
47 Federal Reserve: “Dismantling the Temple: How to Fix the Federal Reserve,” by William Greider, The Nation, August 3-10, 2009. Greider is also author of the classic Secrets