The plot surrounding the alleged sex trafficker and convicted sex offender thickens… Read More Did Jeffrey Epstein Receive a Secret Federal Reserve Bailout?
To wrap your mind around the concept of a “bad bank,” you have to look at what Citigroup did in January 2009… Read More The Fed and Wall Street Begin to Worry About Deutsche Bank’s “Bad Bank” Idea
You’re not crazy. The world we now live in is… Read More Bizarro World: The Herd Has Truly Gone Mad
The ECB is letting the Italian government know that it won’t sit by and allow the Bank of Italy to sell off its gold reserves to help right the country’s troubled finances… Read More ECB To Italian Government: Your Gold Is Ours
The bank with the €43.5 trillion derivative portfolio is now one step closer to nationalization… Read More Deutsche Bank To Launch €50 Billion “Bad Bank” Housing Billions In Toxic Derivatives
These six mega banks that are too big to fail and are highly interconnected continue to take massive positions in opaque derivatives.… Read More These Charts Suggest the Whole Wall Street Casino Has Become Taxpayer-Backstopped
High yield bonds are not supposed to rally right along with U.S. Treasury notes. But that’s what’s been happening lately.… Read More Beware of the Junk Bond Market
Why place any confidence in today’s generation of senior central bankers, when they (and we) are staring at the ruins of the policies they unleashed on the world and are about to unleash again?… Read More Game Over
Even by its own recent standards… Read More Lordy, Deutsche Bank Is Having a Nightmare Month
What to do with those messy banks ignites further tensions.… Read More Italian Banks Are At It Again, Shares Re-Crushed
Madrid, Barcelona, other markets are well on their way. But some markets are still crushed… Read More Busted Housing Bubble 1 Morphs into Housing Bubble 2 in Spain?
The world is heading toward another epic financial fall, says Nomi Prins. The question is not if, but when. … Read More Will Central Bank Policies Set off Another Global Financial Crisis?