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
And other juicy banking nuggets… Read More US Banks Report $251 billion of “Unrealized Losses” on Securities Investments in 2018, the Most Since 2008: FDIC
The stock market no longer punishes corporate criminality. In fact, there is ample evidence to suggest that it rewards it… Read More Wall Street’s Bankers Are Clandestinely Trading the “Digital Gangster” Stock of Facebook
Deutsche Bank is a filthy, systemically dirty bank but a bank which the German state is going to save. Using taxpayers’ money… Read More It’s Not Brexit But “Deutsche-it” You Want to Worry About
Desperate measures for desperate times?… Read More Lloyds Bank Resurrects 0%-Down Adjustable-Rate Mortgages for First-Time Buyers to Prop Up UK’s Housing Market
Some of the first juicy details from the first trial of senior banking executives related to alleged fraud stemming from the financial crisis are starting to leak… Read More Barclays Execs Accepted “Dodgy” Qatar Deal Because They Were “Paranoid” About Gov’t Takeover
Will Madrid be next?… Read More Uber, Cabify “Evicted” from Barcelona as Turf War with Taxi Drivers Gets Ugly
Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty… Read More Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way
