There is no disputing the fact that this is a critical development… Read More The NYT’s Trump Bombshell and What It Reveals About Private Banking in New York
The world is heading toward another epic financial fall, says Nomi Prins. The question is not if, but when. … Read More Will Central Bank Policies Set off Another Global Financial Crisis?
The red zone problem today is not just counterparty risk or cross border risk – it’s also contagion risk… Read More The Federal Reserve Says Financial Risks Are “Moderate”; These Charts Don’t Agree
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
Since at least 2013 there has been a concerted effort on the part of lawyers and giant public relations firms working on behalf of Wall Street and its trade associations to silence any media suggestion that Wall Street is inherently evil, criminal or has a business model of fraud… Read More Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here’s Why
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