$21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come.… Read More Enron Déjà Vu? Citi, BofA, HSBC, Goldman, BNP on the Hook as Steinhoff Spirals Down
Millions of Americans have quietly been pondering for months what a President Mike Pence would be like should Donald Trump be impeached or resign. Yesterday they found out and it’s not a pretty picture… Read More Mike Pence Secures the No Law Zone Around Wall Street
Not a single thing has been learnt… Read More Two of the Biggest Bailed Out Derivative Banks, Citi and Merrill, Get Fined for Breaking Derivatives Rules
Had the nation’s court system been utilized, dozens of future female victims would have been spared the trauma and lifetime scars of these sexual predators… Read More Harvey Weinstein and Roger Ailes Emulated Wall Street’s Private Justice System
“There’s a core truth about our financial system that we have yet to comprehend fully: It isn’t serving us, we’re serving it”… Read More Financial Times Columnist Skewers Wall Street Model in the New York Times
Rebuilding with no insurance and little government aid… Read More The Steep Price of Disaster in Mexico
The Mexican government learned some lessons after the devastating earthquake of 1985, but there hasn’t been an end to corruption… Read More Earthquake in Mexico Unearths Years of Corruption
Dimon’s super sleuth nose for fraud has the uncanny knack of serially failing him when it comes to Ponzi schemes and mortgage frauds and rogue derivative and commodity traders operating inside his own bank… Read More Jamie Dimon Knows a Fraud When He Sees It – Outside of His Bank!
Answers emerge. Including offshore private accounts.… Read More So Where Does the Money Go that Mexico Borrows?
Ever so subtly over time, the unprecedented greed, corruption and unrestrained manufacture of fraudulent securities by iconic brands on Wall Street that actually caused the crash are getting a gentle rewrite… Read More Corporate Media Continues to Pump Out Fake News on Wall Street Crash of 2008
The slime that oozes from the pores of the elected occupants of Brazil’s lower house is palpable… Read More Brazil’s Corrupt Congress Protects its Bribe-Drenched President, Finalizing Elites’ Two-Year Plot
In the latest confirmation that pursuing justice against bankers has become a farce, the US just announced it has dropped criminal charges against two former JPMorgan “London Whale” traders because, get this, “the defendants live outside the country and have refused to defend themselves in New York, and efforts to extradite them have been unsuccessful.”… Read More US Drops Criminal Charges Against JPM “London Whale” Traders As It Is “Unable To Extradite Them”