Wall Street Wins, Again
The urge to offer corporations and banks mega-welfare not available to ordinary citizens remains a distinctly all-American phenomenon… Read More Wall Street Wins, Again
Category: Enron Accounting
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
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
First Enron of 2020: Muddy Waters’ Short-Target NMC Health Just “Discovered” $2.7 Billion Undisclosed Debt
The rot runs even deeper than Muddy Waters could have imagined… Read More First Enron of 2020: Muddy Waters’ Short-Target NMC Health Just “Discovered” $2.7 Billion Undisclosed Debt
Is the U.S. Fracking Boom Based on Fraud?
As more and more players in the fracking industry run out of options and file for bankruptcy, investors are beginning to ask questions about why all the money is gone… Read More Is the U.S. Fracking Boom Based on Fraud?
“What the Hell Are We Doing Lending Money to a Guy Like This?”
Name a banking scandal and Deutsche Bank was in the middle of it, writes David Enrich in his new book, Deutsche Bank, Donald Trump, and an Epic Trail of Destruction… Read More “What the Hell Are We Doing Lending Money to a Guy Like This?”
Suprime Autoloans in the U.S. Are Blowing Up
Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities… Read More Suprime Autoloans in the U.S. Are Blowing Up
Connecting the Dots to the Budding Wall Street Crisis
Both the U.S. and global financial system appear to have a real problem occurring right under the fogged lenses of Congress… Read More Connecting the Dots to the Budding Wall Street Crisis
Derivative Risks Rising Amid Sell-Off of Interconnected Mega Banks and Insurers
Frighteningly little has changed in the way of enlightened regulation of Wall Street since the banks brought down the giant insurer and derivatives counterparty, AIG, in 2008… Read More Derivative Risks Rising Amid Sell-Off of Interconnected Mega Banks and Insurers
U.S. Financial System Rests on 5 Mega Banks; and They Tanked Yesterday
The bank holding companies of those same five banks as of March 31, 2019 are sitting on unthinkable levels of derivatives. … Read More U.S. Financial System Rests on 5 Mega Banks; and They Tanked Yesterday
Banks Sued for LIBOR Collusion — Again!
What if a sizable portion of global economic activity rests on magical thinking?… Read More Banks Sued for LIBOR Collusion — Again!
Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day
The similarities to Lehman are growing by the day… Read More Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day
Rigged Game 