Critics are renewing attacks on the German giant’s investment banking division now that talks with Commerzbank have collapsed… Read More Deutsche Bank Has No ‘Plan B’
Instead of subprime mortgages being targeted this time around, what’s being stuffed into these bespoke products is corporate debt, which has exploded over the past decade… Read More Reuters Drops a Bombshell: The Big Short Doomsday Machine Is Back
Until the public knows the truth about why the Fed bailed out the insolvent Citigroup – despite its mandate not to lend to an insolvent institution – and why it bailed out Morgan Stanley and Merrill Lynch, which were broker-dealers, not major commercial banks, there can be no confidence in the U.S. financial system.… Read More Is the Fed’s Dirtiest Bailout About to Come Under the Spotlight?
A “bust out” is a fraud tactic used in the organized crime world wherein a business’s assets and lines of credit are exploited and exhausted to the point of bankruptcy… Read More Retail’s Biggest Existential Threat Is Private Equity
“The traditional private equity model should have no place in retail.”… Read More UK-Based Multinational Department Store Debenhams Collapses, After 200 Years of Trading
What sense did it make for the Fed to be sluicing funds to a hedge fund shorting the very entities the Fed was trying to shore up?… Read More Steve Eisman and FrontPoint Were Shorting Wall Street Banks While the Dumb Fed Was Giving FrontPoint Emergency Loans – And That’s Not the Worst Part of this Story!
Bloomberg publishes extensive report that appears to support Maxine Waters’ claim that Deutsche is “one of the biggest money laundering banks in the country, or maybe the world”… Read More Just How Criminal Is Deutsche Bank?
If the average American knew that the very same banks that blew up the U.S. economy just a decade ago were warning in their own 10K legal filings that the same thing could happen again at any moment, there would be mobs with pitchforks in the street… Read More Derivatives Could Blow Up Wall Street Again, Warn Megabanks
Recent data clearly demonstrate how little progress has been made in reducing the dangers the Wall Street banks pose to the U.S. economy… Read More The CEOs of Wall Street Giants Are About to Sweat a Little
The financial world has gone nuts… Read More How Can a Company with $1.8 Billion in Revenue Lose $1.9 Billion? WeWork Shows How
It’s not often that we get to see the details of how companies commit $7.4 billion worth of fraud. … Read More How to Commit $7.4 Billion in Accounting Fraud
Shareholders wiped out, 14 Months after competitor Carillion Collapsed.… Read More Outsourcing Giant Interserve with 65,000 Employees Collapses