Trump’s Treasury Secretary simultaneously sits as head of the Financial Stability Oversight Council (F-SOC) even as he appears to be attempting to undermine financial stability in the U.S.… Read More Mnuchin’s Dangerous Plan to Deregulate Wall Street
Wall Street wiseguys have shifted from buying high risk corporate loans to making them directly… Read More A New Credit Bubble Gets Ready to Burst
Even by its own recent standards… Read More Lordy, Deutsche Bank Is Having a Nightmare Month
Not only do the general counsels of Wall Street’s biggest global banks get to fashion their own system to hear claims against the banks but they get to meet in secret every year for two decades to strategize on other topics impacting their common interest… Read More Yes America, A Banking Cartel Exists Here. And Here’s the Proof.
How bad can things be on Wall Street if such banking titans are this desperate for funds?… Read More Goldman and JPM Set Their Sights on the “Little People’s” Money
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