“Fake News” List Touted by CBS Was Faked?
It is not hard to imagine that much of the tender concern expressed by the mainstream media is commercial: independent news and analysis sites threaten their legitimacy by exposing how dependent they are on stories planted by government or business sources that major press outlets often fail to vet adequately.
Is Wall Street Trying to Rig Trump’s Business Advisory Panel?
On December 2nd, President-elect Donald Trump’s transition team sent out a press release advising that he had formed a business advisory panel “which is composed of some of America’s most highly respected and successful business leaders.” According to the Chair of the panel, Stephen A. Schwarzman, Chairman and CEO of Blackstone, a private equity/hedge fund/investment bank headquartered in New York City, it was Schwarzman who actually selected the members.
Trump’s Treasury Secretary is a Lucky Man. Very Lucky.
The former Goldman Sachs banker nominated to become Donald Trump’s treasury secretary had the perspicacity to purchase a collapsed subprime mortgage lender soon after the financial crisis, getting a sweet deal from the Federal Deposit Insurance Corporation. Now, if he’s confirmed, he will likely be able to take advantage of a tax perk given to government officials.
Iceland Forms Anti-Establishment Government
Iceland has differed from the rest of Europe and the US by allowing bankers to be prosecuted as criminals. According to some, the country has been controlled by a mafia-like handful of elite families. But Icelanders have a deep distrust of the elite, and since the financial crash in 2008 and the Panama Papers revelations last year, the society has vowed enough is enough.
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