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?
As Greece and the eurozone prepare for the worst (again), Goldman Sachs’ role in the country’s downfall has been largely forgotten, as is the much ignored fact that ECB President Mario Draghi was Vice Chairman and Managing Director at Goldman Sachs International between 2002 and 2005, the period immediately after the infamous swap arrangements were executed for the Greek government. .… Read More Forgotten History: How Goldman Sachs Helped Greece Destroy Itself
“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
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 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”
Trump’s approach to Wall Street is in sharp contrast to his tough-talking stances on terrorism. He talks a big game when slamming the door on penniless refugees, but curls up like a beach weakling around guys who have more money than he does.… Read More Extreme Vetting, But Not For Banks
‘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’
BlackRock and other big funds have acquired such large shareholdings throughout the U.S. and our increasingly cartelized global economy that they cause the companies they jointly own to compete less vigorously with one another.… Read More It’s Time We Talked About Our Owners
When all seemed to be falling apart for Trump last summer, one shadowy billionaire offered up his own massive political infrastructure and saved Trump’s campaign from demise. Presumably he now hopes to reap the dividends.… Read More Exposed: The Billionaire Behind Trump and Bannon’s Presidency
It’s not just Trump that Wall Street needs to fear: it’s Goldman Sachs as well.… Read More Donald Trump Has a Goldman Sachs Problem: Derivatives
Under Trump, an even smaller group will flourish — in particular, a cadre of former Goldman Sachs executives. To put the matter bluntly, two of them (along with the Federal Reserve) are likely to control our economy and financial system in the years to come.… Read More Trump Hearts Goldman as the Bank Continues Its Washington Conquest