Yearly Archives: 2012

Carnegie Mellon University trustee accused of laundering millions for drug cartel

"Marco Antonio Delgado, a prominent Texas attorney and former trustee at Carnegie Mellon University, appeared in an El Paso court on Thursday to face charges that he conspired with a Mexican drug cartel to launder more than $600 million. The Department of Homeland Security did not name the cartel he’s accused of working with, but said that he conspired to launder the money from 2007-2008. His biography on Carnegie Mellon University said that Delgado was on leave and working for incoming Mexican president Enrique Pena Nieto, although Nieto’s aides denied any association." Continue reading →

Continue ReadingCarnegie Mellon University trustee accused of laundering millions for drug cartel

Kill Lists Will Continue

"What media attention there has been has focused far too narrowly on the lists maintained by the White House and National Security Council that include American citizens. The reality is that kill lists have metastasized across the government to include the Pentagon and the CIA and are symptomatic of a transformation of U.S. foreign and defense policies. They have all become part of a ten year government created master plan to confront Islamic fundamentalism worldwide using drones and special operations teams, with little or no consideration for the local conditions that have led to the rise of religious extremism nor any concern for the consequences." Continue reading →

Continue ReadingKill Lists Will Continue

Colorado reps seek state exemption from federal pot prohibition laws

"In the wake of this week’s historic vote to legalize marijuana in Colorado, the state’s three Democratic U.S. House members are drafting legislation aimed at easing the tension between the new state law and longstanding federal prohibition of the drug. Congressional staffers told the Independent that Colorado Reps Diana DeGette (CD1), Ed Perlmutter (CD7) and Jared Polis (CD2) are working independently and together on bills that would exempt states where pot has been legalized from the Controlled Substances Act." Continue reading →

Continue ReadingColorado reps seek state exemption from federal pot prohibition laws

California Gov. Brown tells the Obama administration to back off on marijuana

"California Gov. Jerry Brown said Sunday on CNN that the Obama administration should respect states that choose to legalize the use of marijuana for medicinal or recreational purposes. 'It’s time for the Justice Department to recognize the sovereignty of the states,' Brown said, noting that a number of states had medical marijuana laws. 'I believe the president and the Department of Justice ought to respect the will of these separate states.'" Continue reading →

Continue ReadingCalifornia Gov. Brown tells the Obama administration to back off on marijuana
Read more about the article Honoring Our Veterans: Say A Prayer For Peace

Honoring Our Veterans: Say A Prayer For Peace

Since 1945, November 11 has been the day we honor all who’ve served in our armed forces. So, have you thanked a Veteran today? You officially all day tomorrow as well, since November 11 has fallen on a Sunday this year. Whenever I do one of these kinds of articles, I do a little refresher… more

Continue ReadingHonoring Our Veterans: Say A Prayer For Peace

Fed delays Basel III bank capital buffer rules

"U.S. regulators on Friday delayed the effective date of a global agreement on greater bank capital buffers reached in response to the financial crisis of 2008. The rule delay could help big banks such as J.P. Morgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc. who must ultimately comply with the rules, as well as smaller banks who also will have to meet the requirements. The largest 19 U.S. bank holding companies would have a capital shortfall of $50 billion, if the Basel III capital buffer rules proposed Thursday were to be made effective immediately, a Fed official said in June." Continue reading →

Continue ReadingFed delays Basel III bank capital buffer rules

Bank Of England To The Fed: “No Indication Should, Of Course, Be Given To The Bundesbank…”

"At least two central banks have conspired on at least one occasion to provide the Bundesbank with what both banks knew was 'bad delivery' gold amounting to 172 bars. The 'bad delivery' occured even as official gold refiners had warned that the quality of gold emanating from the US Assay Office was consistently below standard, and which both the BOE and the Fed were aware of. Instead of addressing the issue of declining gold quality and purity, the banks merely covered up the refiners' complaint." Continue reading →

Continue ReadingBank Of England To The Fed: “No Indication Should, Of Course, Be Given To The Bundesbank…”

Bank Of England To The Fed: “No Indication Should, Of Course, Be Given To The Bundesbank…”

"At least two central banks have conspired on at least one occasion to provide the Bundesbank with what both banks knew was 'bad delivery' gold amounting to 172 bars. The 'bad delivery' occured even as official gold refiners had warned that the quality of gold emanating from the US Assay Office was consistently below standard, and which both the BOE and the Fed were aware of. Instead of addressing the issue of declining gold quality and purity, the banks merely covered up the refiners' complaint." Continue reading →

Continue ReadingBank Of England To The Fed: “No Indication Should, Of Course, Be Given To The Bundesbank…”

Money Laundering Accusations Could Delay Cyprus Bailout

"Cyprus had applied in June to become the fifth nation to receive a bailout in the euro crisis. But there are no signs whatsoever that Cyprus is willing to commit to a serious austerity program, sources in Brussels said. The talks could now be delayed by accusations that Cyprus is lax on money-laundering. Banks in Cyprus hold $26 billion (€20.33 billion) in deposits by Russian investors. According to the BND, most of this money has been illegally moved abroad to evade Russian tax authorities. By Cypriot standards it's a tremendous sum given that the island's entire annual GDP amounts to €17 billion." Continue reading →

Continue ReadingMoney Laundering Accusations Could Delay Cyprus Bailout

Money Laundering Accusations Could Delay Cyprus Bailout

"Cyprus had applied in June to become the fifth nation to receive a bailout in the euro crisis. But there are no signs whatsoever that Cyprus is willing to commit to a serious austerity program, sources in Brussels said. The talks could now be delayed by accusations that Cyprus is lax on money-laundering. Banks in Cyprus hold $26 billion (€20.33 billion) in deposits by Russian investors. According to the BND, most of this money has been illegally moved abroad to evade Russian tax authorities. By Cypriot standards it's a tremendous sum given that the island's entire annual GDP amounts to €17 billion." Continue reading →

Continue ReadingMoney Laundering Accusations Could Delay Cyprus Bailout