Search Results for: taxpayers

Bank of England claims: no more taxpayer bailouts

BOE Mark Carney

New rules are being proposed that will force creditors, not taxpayers, to carry the losses of banks deemed “too big to fail.” The plans come after Western taxpayers were asked to pay trillions of dollars to bail out banks in the 2008 financial crisis. The new global rules will force …

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$105 billion: UK bank bailout money may be gone for good

RBS guilty

The US$105 billion of British taxpayer money used to bail out the Royal Bank of Scotland and Lloyds at the peak of the banking crisis may never be recouped, a parliamentary committee report warns. The state owns more than 80 per cent of RBS and 40 per cent of Lloyds …

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Blackwater illegally paid millions in taxpayer money

For half a decade, American taxpayers unknowingly spent millions of dollars every year to fund private security agency Blackwater’s so-called “democracy building” missions in Iraq. A new report completed by the US State Department and the Broadcasting Board of Governors Office of Inspector General shines light on a travesty involving …

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David Cameron: Taxes will rise unless we can raid bank accounts

David Cameron

Taxes will have to rise unless officials are given new powers to raid people’s bank accounts, David Cameron has said. The Treasury select committee warned that allowing HM Revenue and Customs to remove cash from bank accounts without court orders is “very concerning” because of its history of mistakes. The …

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Goldman Sachs is running scared

Oakland vs Goldman Sachs

The City of Oakland just offered Goldman Sachs a deal they can’t refuse: either renegotiate a toxic “interest rate swap” that costs taxpayers $4 million a year or never do business with the City of Oakland again. If other cities follow suit, Goldman will have to change its ways. Stand in solidarity with Oakland …

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Wall Street banks are still ‘too big to fail’

Bank of America

The biggest banks still don’t have adequate bankruptcy plans to avoid precipitating another economic crisis, said U.S. regulators. Eleven of the nation’s largest banks still do not have viable bankruptcy plans that would avoid causing widespread economic damage, U.S. regulators said Tuesday in a sweeping admonition of Wall Street’s giants. The Federal …

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On this day in 2016

For a presidential election taking place when the US debt/GDP has for the first time in 70 years crossed above 100%, in which over 50 million Americans collect food stamps and disability, in which M2 just crossed $10 trillion, in which total US debt is about to pass $16 trillion, …

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US and UK conducting war games for banking collapse

Money currency

Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Treasury Secretary Jack Lew and the UK’s Chancellor of …

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To even ‘imagine’ toppling Queen means life in prison

Queen Elizabeth II evil

The Treason Felony Act 1848 makes it illegal to even imagine overthrowing the Crown. A 165-year-old law that threatens anyone calling for the abolition of the monarchy with life imprisonment is technically still in force – after the Ministry of Justice admitted wrongly announcing that it had been repealed. The Treason Felony …

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Pentagon to waste $2.2 billion of taxpayer money to fund Syrian ‘rebels’

Syria issue Pentagon arming funding rebels ISIS

A joint report published yesterday by the Organized Crime and Corruption Reporting Program (OCCRP) and the Balkan Investigative Reporting Network (BIRN) alleged that the Pentagon is supplying up to $2.2 billion worth of Soviet-style arms and ammunition to Syrian rebels. This may come as a shock to some, as President Donald Trump just announced in late July …

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How to stop a massacre

In the aftermath of the Aurora, Colorado Batman movie theater shooting, a surveillance video has surfaced that shows the simple, obvious answer to the question on everybody’s mind: How do we stop a massacre? The answer is revealed in the stunning short video shown below. This remarkable solution: • Requires …

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Pentagon doesn’t know where $6.5 trillion went, audit reveals

Pentagon audit

By Jay Syrmopoulos A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account for $6.5 trillion dollars worth of Army general fund transactions and data, according to a report …

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Hacked documents: US sending lethal weapons to Ukraine

US weapons in Ukraine

It has been half a year since it was first revealed that the US has been sending non-lethal aid to the Ukraine: recall that it was in early June when Obama announced he had approved $5 million in body armor, night vision goggles and additional communications equipment for the Ukrainian military. Since then the …

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US to provide a record $38 billion in military aid to Israel

israel-military-aid-united-states

While the US relationship with Saudi Arabia can be described, perhaps courtesy of the latter’s donations to the Clinton campaign, as one of preferential treatment when it comes to arms deals, observed most recently a month ago when the US approves the sale of 130 Abrams tanks, 20 Armored vehicles …

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12 ways tax payer money is being wasted in Afghanistan

Afghanistan opium heroin

Everyone knows America’s campaign in Afghanistan has been an enormous foreign policy success. The Taliban harbored al-Qaeda before and after 9/11 so naturally, the US had to oust Mullah Omar and company on the way to chasing Osama bin Laden through the mountains whilst laying waste to whatever civilization existed …

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Americans warned bank ‘bail-ins’ coming

Experts say institutions will grab deposits without warning With the United States facing a $17 trillion debt and an acidic debate in Washington over raising that debt limit on top of a potential government shutdown, Congress could mimic recent European action to let banks initiate a “bail-in” to blunt future …

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Obamacare to soon cost the average American family $20,000 a year

obamacare signing

Under Obamacare, American families are forced to buy conventional health insurance that primarily benefits the pharmaceutical industry. By 2016 — just three years from now — the cheapest health insurance plan available will cost a typical American family $20,000 a year, the IRS has now announced. Here’s the news: The IRS just published descriptions of …

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