Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty… Read More Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way
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
Corruption is more costly to Italy than any other European country, leaving it lagging behind other western European nations.… Read More Italy Has the Highest Levels of Corruption in Europe, Study Shows
In all, at least a mind-boggling $21 trillion of Pentagon financial transactions could not be traced, says one source.… Read More Exclusive: The Pentagon’s Massive Accounting Fraud Exposed
This must-watch film documents how Britain evolved from a colonial power into a global financial power, capturing wealth from across the globe and hiding it behind obscure financial structures in a vast web of offshore islands… Read More The Spider’s Web: Britain’s Second Empire
After years of dodgy accounting and mismanagement.… Read More Resurrected Abengoa & Construction Giant OHL Flirt with Collapse
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
But new high-end towers will continue to flood the market.… Read More “Posh Ghost Towers” of London: Gloom Spreads Over Housing Market as High End Freezes Up
Now everything is up in the air, so to speak.… Read More Whiff of Panic After Mexico Votes to Scrap Mega-Airport & Corruption Project
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.