The biggest banks on Wall Street, both foreign and domestic, have been repeatedly charged with rigging and colluding in markets from New York to London to Japan. Thus, it is natural to ask, have the big banks formed a cartel to rig the prices of their own stocks?… Read More Are Big Banks’ Dark Pools Behind the Run-Up in Bank Stock Prices?
The bankers in question took a leaf out of Martin Scorsese’s classic movie, Goodfellas, in which Ray Liotta’s Henry Hill and Paul Sorvino’s Paul “Paulie” Cicero take over a night club, the Bamboo Lounge, then loot it, abuse the owner’s credit and run it into the ground. Once the owner, Sonny, is unable to pay them anymore, they torch it for the insurance money. … Read More Mafiosi Bankers: What the HBOS Fraud Tells Us About the State of British Banking
“In 2015, Wall Street Bonuses, not regular compensation, bonuses, seven years after they were bailed out with the public purse, totaled $29.4 billion dollars. Total compensation paid to every single person in this country who makes minimum wage totaled $14 billion”… Read More In Times of General Corruption
Rarely heard in association with senior central bankers and financial regulators are words or expressions like “accused”, “charged” or “under investigation.” But in Spain this week a court broke with that tradition, in emphatic style.… Read More The Unthinkable Just Happened in Spain
“The American people have to know that there’s a game going on inside the intelligence community… at the bottom of all this is the fact that there are those that seek to separate US from Russia to reignite the cold war… that’s what’s at the bottom of all this …. Wake up America!!”… Read More Leading Progressives Say that Even Americans Who Hate Trump Should Defend Him Against Attempted Coup by the “Deep State”
The week that Donald Trump shocked markets around the globe by getting himself elected President of the United States, Wall Street banks like Citigroup, JPMorgan Chase, Bank of America and others traded millions of shares of each other’s stocks – as well as trading millions of shares of their own publicly traded stock.… Read More Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?
Of all major organizations you might assume that Transparency International would carefully and diligently avoid any risk of perceived conflicts of interest. You’d be wrong.… Read More The Problem with Transparency International’s Corruption Perceptions Index
The cover story for why TISA is being negotiated is that it would uphold the right to hire the accountant or engineer of your choice, but in reality it is intended to enable the financial industry and Internet companies to run roughshod over countries around the world. … Read More TPP Is Not Dead: It’s Now Called the Trade In Services Agreement
“There is no clear vision of the problem and no strategy,” Italy’s bad banker-in-chief, Alessandro Penati, told a financial conference in Milan. He said he was virtually working alone on rescues that had revealed “horror stories” within some banks.… Read More Italy’s Banking Crisis Is Even Worse Than We Thought
Of all the investment banks on Wall Street, Goldman Sachs enjoys the most incestuous relationship with Washington, where it has a well-oiled revolving door at the Treasury Department.… Read More The Past, Present and Future of “Government Sachs”
‘The Wall Street bankers against whom Trump ran are making policy now,’ says Public Citizen… Read More ‘Spectacular Betrayal’ as Trump Hands Economy ‘Back Over to Wall Street’