Wow, that was fast. Margin calls.… Read More Stock-Market Margin Debt Plummets Most Since Q4 2008
Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times.… Read More At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How
The big banks’ share prices are signaling that the day of reckoning is coming in 2019… Read More In 2019, Wall Street Banks Will Determine the Future of America
A pioneering twist on third-world corruption might be the biggest scandal the Vampire Squid has ever faced.… Read More The Malaysia Scandal Is Starting to Look Dire for Goldman Sachs
A lot of money is at stake.… Read More Wall Street Mega-Landlord Blackstone Turns Screw on Spanish Government & Property Market
Even if it is unproven that top Goldman executives knew what was going on, what does it say about the culture of the bank that individuals like Tim Leissner were employed there? Who is accountable for that culture?… Read More Goldman Sachs Is Implicated in History’s Largest Financial Con – But Will It Be Held Accountable?
Sometimes the real world really is stranger than fiction… Read More 1MDB Is a Nutty Story. Here’s Why
Companies are floundering in a river of debt of their own creation… Read More Debt Is Back, But This Time It’s Corporate
ublic pensions squander tens of billions of dollars each year on risky, poor-performing alternative investments.… Read More A Wall Street Coup: How Financial Industry Drove Public Pensions Into Crisis and Pocketed Billions in Fees
Sears is a prime example of how hedge funds and private equity companies take over retailers and gradually bleed them dry for their own benefit… Read More Sears Didn’t ‘Die.’ Vulture Capitalists Killed It.
The power of Collateralized Loan Obligations.… Read More “Concerned” Bank of England Raises Alarm about Growth of High-Risk Loans
Bank of America, Deutsche Bank and J.P. Morgan moved money OUT of Danske and in to dollar denominated accounts elsewhere. But that is only half the story… Read More Danske Bank – Who Helped Them Launder $234 Billion?