A Corporate Debt Reckoning Is Coming
It will deepen and prolong a U.S. recession regardless of Fed intervention… Read More A Corporate Debt Reckoning Is Coming
Category: Central Banking
Bailing Out the Bailout
It will take years to sort through the details, but Trump’s $2 trillion COVID-19 response looks like a double-down on the last disaster… Read More Bailing Out the Bailout
Federal Reserve’s Dark Secrets from Last Bailout Get a Devious Makeover
The in-built secrecy and treachery of this bailout stinks even more to high heaven than the last one. And this time, taxpayers are on the hook for any losses… Read More Federal Reserve’s Dark Secrets from Last Bailout Get a Devious Makeover
Corruption in the Time of Coronavirus
Now even the fig leaf is gone… Read More Corruption in the Time of Coronavirus
The Tide Is Going Out and JPMorgan, Deutsche Bank and AIG Appear to Be Swimming (Read Trading) Naked
Something is clearly happening under the surface on Wall Street that is just too repugnant to be reported to the American people… Read More The Tide Is Going Out and JPMorgan, Deutsche Bank and AIG Appear to Be Swimming (Read Trading) Naked
New York Fed Has Allowed Dangerous Wall Street Banks to Have Lower Loan Loss Reserves than at time of 2008 Crash
America’s biggest banks just got another get-out-of-free card… Read More New York Fed Has Allowed Dangerous Wall Street Banks to Have Lower Loan Loss Reserves than at time of 2008 Crash
Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19
Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks… Read More Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19
Helicopter Money for Wall Street
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade… Read More Helicopter Money for Wall Street
Bailouts, A Tradition Unlike Any Other
The newest U.S. incarnation is not a $2 trillion bill, as some are saying, but closer to $6 trillion, and $4.3 trillion of it comes in the form of a bazooka aimed at CEOs and shareholders, with almost no conditions attached… Read More Bailouts, A Tradition Unlike Any Other
For First Time in History, Fed to Make Billions in Loans to Big and Small Businesses
The central bank has effectively created its own limitless slush fund with no accountability to anyone and no Congressional oversight… Read More For First Time in History, Fed to Make Billions in Loans to Big and Small Businesses
Welcome to Sweatshop Amerika!
The next bailout will be our last… Read More Welcome to Sweatshop Amerika!
JPMorgan Chase and Citibank Have $2.96 Trillion in Exposure to Credit Default Swaps
That these Wall Street banks are still endangering the safety and soundness of the U.S. banking system and U.S. economy is nothing short of a regulatory failure of epic proportions… Read More JPMorgan Chase and Citibank Have $2.96 Trillion in Exposure to Credit Default Swaps
