As this fascinating documentary shows, the Department of Justice’s abysmal track record of prosecuting big banks or their employees is by now so extensive and so thorough that it’s possible to spot legal patterns in the DOJ’s protracted miscarriage of justice. Those patterns are deeply disturbing indeed … Read More All the Plenary’s Men
Obama, like Bush, is a Hamiltonian. He believed that those at the top of large concentrated financial institutions are experts, with top-tier credentials, and, therefore, rightful rulers… Read More Obama the Hamiltonian
The problem is almost no one has their facts straight… Read More Breaking Up the Big Wall Street Banks Is Back in the Headlines
Just how bad is the ongoing fraud in the banking system? Get ready for a mind-bowing expose by a former insider at UBS… Read More Meet Brad Birkenfeld: “Lucifer’s Banker”
It is not a promising development when today’s newswires are reporting the sordid details of how the big Wall Street player, Barclays, engaged U.S. law enforcement in an attempt to hunt down the identity of an internal whistleblower … Read More Barclays’ Whistleblower-Gate Raises Alarms Bells
With the blessing of its regulators, including the Federal Reserve, Citigroup was allowed to replicate the precise banking model which had brought on the 1929 crash and Great Depression: it was allowed to hold savings deposits while making wild speculations on Wall Street and selling bogus stocks to the hapless public… Read More Why Hasn’t Citigroup’s Banking Charter Been Yanked?
A cursory examination of President Trump’s administration reveals that he is but one of many extensions of the real deep state… Read More Exposing the Real Deep State
The Financial Sector threw $2 Billion at Congress during the U.S. Election. Biggest Spenders? Not the Banks.… Read More Why No One’s Going to Drain this Swamp
When Trump was running for office, stocks were headed for another thundering crash. But now that he’s president, Happy Days Are Here Again. The question is: Which Trump do we believe? Are stocks in a bubble or not?… Read More Trump Flip-Flops on Bubblemaking
The so-called “Sage” of Omaha’s latest letter, released on Saturday, trumpets American exceptionalism, the “miraculous” market system Americans have created, while it blithely dismisses the greatest wealth and income inequality gap in America since the 1920s… Read More Warren Buffett Pens a Dangerously Misleading Letter to Americans
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