crap sandwich

ACTA: Will Corporate-Run US Government Destroy the Internet?

The internet is under attack by our very own US Government, working on behalf of corporate interests in the entertainment and content industries. What does this mean for you?

Goldman Sachs' Black Magic: How They Did It

Wow, this makes me mad:

How did Goldman, Sachs & Co. -- saved a year ago by the US taxpayer -- magically make $3 billion in 3 months a year later?
This as the US dollar collapses, unemployment soars and foreclosures hit a record?

Here is the Goldman, Sachs & Co. revenue break down for the past 3 months:

Financial Advisory-M/A: 325 million.
Equity Underwriting: 363 million.

Federal Reserve made $14 billion on turmoil loans: report

LONDON (Reuters) - The Federal Reserve has made $14 billion in profits on loans made in the last two years, The Financial Times reported on Monday, citing officials close to the matter.

The U.S. central bank also earned about $19 billion from interest and fees charged to institutions that tapped liquidity facilities during the global financial crisis, the report said.

If the Fed had invested the same amounted loaned out in three-month Treasury bills since August 2007, it would have earned $5 billion in interest, the FT said.