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Katherine Burton – The Golden Era of Hedge Funds Draws to a Close With Clients in Revolt

Drinks flowed as hedge fund titan Robert Mercer, dressed as Mandrake the Magician, partied with Donald Trump, dressed as, well, Donald Trump. The occasion that early December evening was Mercer’s 2016 holiday costume party, an intimate gathering of 250 at his Long Island estate. This year’s theme: “Villains and Heroes.” In Trump, Mercer and his fellow hedge funders had much …

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DAVID ROSEN – What Happens When the Trump Bubble Bursts?

On January 20, 2017, president-elect Donald Trump will be inaugurated the nation’s 45th President.  Almost a year to the date, on January 24, 2016, Republican candidate Trump boasted at a Sioux Center, IA, campaign rally, “I could stand in the middle of Fifth Avenue and shoot somebody and I wouldn’t lose voters.”  Sadly, he was probably right then — and …

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Michael Arria – If Obama Had Prosecuted Goldman Sachs’ Brain Trust, We Wouldn’t Be Plagued by Them Again in Trump’s Cabinet

In September of this year Massachusetts Senator Elizabeth Warren sent a letter to Michael E. Horowitz, the Inspector General of the Department of Justice, requesting an investigation into why the Obama administration failed to prosecute any Wall Street executives after the financial crash. Warren’s letter pointed to findings by Financial Crisis Inquiry Commission (FCIC), which had provided the Justice Department with 25 …

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Led by Merkley, Warren and Sanders, Senate Democrats Roll Out New Website Inviting Personal Stories from Americans Hurt by Foreclosure King Steve Mnuchin

Today, U.S. Senators Jeff Merkley (D-OR), Elizabeth Warren (D-MASS) and Bernie Sanders (I-VT) announced that Senate Democrats have launched a new website inviting Americans to share their personal stories of being impacted by the foreclosure practices of Donald Trump’s Treasury Secretary nominee, foreclosure king Steve Mnuchin. “Donald Trump’s choice of Mnuchin is not only a fundamental betrayal of his promise …

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Junaid Ghoto – The Myth of India as an Upcoming Asian Economic Powerhouse. Rising Poverty and Social Inequality

Regret or not, but it is important to see where India stands today, the idea to write regarding this is to differentiate the illusion from fact and give reason so the sane understanding follows. A nation is called developing not because of its population, or defense budget, but how good the people fare in that country; it is about the …

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BESS LEVIN – FORECLOSING ON A 90-YEAR-OLD WOMAN OVER 27 CENTS AND OTHER HEARTWARMING TALES FROM STEVEN MNUCHIN’S DAYS AT ONEWEST

Since it was announced Tuesday evening that Donald Trump will nominate Steven Mnuchin for Treasury secretary, a lot of time has been spent focusing on the 17 years Mnuchin worked at Goldman Sachs and whether it should disqualify him for the job. And while some might argue that having Goldman Sachs on your résumé helps qualify a person for this …

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Peter Dreier – Steve Mnuchin: Evictor, Forecloser, And Our New Treasury Secretary

Above Photo: AP Photo/Carolyn Kaster. Steven Mnuchin, national finance chairman of President-elect Donald Trump’s campaign, arrives at Trump Tower, Monday, November 21, 2016 in New York, to meet with President-elect Donald Trump. Trump’s appointee is the very model of a predatory lender. Throughout his presidential campaign, Donald Trump criticized Wall Street bankers for their excessive political influence and attacked hedge-fund managers …

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The Gary Null Show – 12.01.16

Today On The Gary Null SHow, Gary talks with Dr. Michael Hudson on The status of the US economy. Dr. Michael Hudson is one of our nation’s finest and most important economists and Wall Street financial analysts. Dr. Paul Craig Robert’s recently called him “the world’s best economist.” He is currently the President of The Institution for the Study of Long-Term Economic Trends and was the Chief Economic Policy Advisor for the Rep. Dennis Kucinich’s 2008 presidential campaign. Dr. Hudson has served as an advisor to the White House, State and Defense departments at the Hudson Institute, in addition to the United Nations Institute where he became a specialist in global economics. He has written many books and important papers and articles, his most publication being “Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy” which goes into great depth in explaining how the polarization of the 1% versus 99% emerged. His website is Michael-Hudson.com. In the second half of the show gary offers his listeners a special deal on his products.

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Nadia Prupis – Wall Street and Private Prisons ‘Licking Their Lips’ Over Trump Presidency

A new report from the research organization In the Public Interest (ITPI) highlights the banks that finance the private prison industry—and with a Trump administration on the horizon, they could be in for a windfall. Six banks have played a major part in bankrolling the two largest private prison firms, CoreCivic (formerly the Corrections Corporation of America) and the GEO …