“Unsafe or unsound practices with respect to the Bank’s internal controls, including, among other things, an absence of clearly defined roles and responsibilities and noncompliance with multiple laws and regulations” have been identified.… Read More Citigroup Is Slapped with a $400 Million Fine for Doing Something So Bad It Can’t Be Spoken Out Loud
The global financial crisis that began in 2007/2008 never really ended. It was merely patched up, prolonged, and put on life support by central bank interventions.… Read More Do Recent Central Bank Moves in Gold Market Portend a 2020 Global Monetary Reset?
Eurozone slides further into a debt-deflation trap, risking a protracted economic depression in the south and slow-motion insolvency crisis… Read More Deepening Deflation Pushes Southern Europe Closer to a Debt Spiral
Half of the participants of the New York Fed’s Investor Advisory Committee on Financial Markets (IACFM), which it initiated in the midst of the last financial crisis are chief executives of giant hedge funds… Read More The New York Fed, Pumping Out More than $9 Trillion in Bailouts Since September, Is Getting Market Advice from Giant Hedge Funds
Today, Bloomberg finally caught up to years of “conspiracy theory” reporting… Read More Meet The Mastermind Behind JPMorgan’s Gold And Silver Manipulation “Crime Ring”
The “FinCen files” story reveals: getting caught doesn’t stop banks from taking dirty money. It may even encourage them… Read More Revenge of the Money Launderers
Corporate-owned mainstream media, that is dependent on financing from these same banks, prefers the Fed’s alternative version of reality… Read More Corporate Media Stays Silent on Wall Street Banks’ Crimes
Leaks about money laundering, a resurgent Pandemic, China risks, exposure to Turkey’s financial crisis, all in a negative-interest-rate environment that is toxic for banks… Read More Hit from All Sides, European Bank Stocks Swoon to 1988 Low
The Fed is recklessly driving us towards an unavoidable reckoning. By Adam Taggart and cross-posted from Peak Prosperity. When asked what the biggest risks facing the economy are, David Stockman, lifelong Capital Hill and Wall Street insider, says “That’s easy. There are three: The Fed, The Fed and the Fed.” After decades of misguided policy and… Read More DC/Wall Street Insider Predicts Coming Shock
Saving the Zombies in Europe… Read More What’s to Be Done Now with All These Zombie Companies?
Both the company and its investment manager have funds that were previously registered in the Cayman Islands… Read More The Fed Has Loaned $1.2 Billion from its TALF Bailout Program to a Tiny Company with Four Employees
No one holds as many equity derivatives as JPMorgan Chase, which according to OCC data possesses 67% percent of all equity derivatives held by all commercial banks, savings associations and trust companies in the United States… Read More The Untold Story of the Nasdaq Whale: SoftBank’s a Guppy; JPMorgan’s a Whale