BlackRock is “a market power that no state can control anymore”… Read More Why’s the World’s Biggest Asset Manager Advising the ECB on the Health of EU Banks?
The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers… Read More The Finance Curse: How the Outsized Power of the City of London Makes Britain Poorer
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?
The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come… Read More Secrets and Lies of the Big Bailout
In our warped financial markets, the overriding culture glorifies wealthy arrogant criminal assholes, while ignoring or ridiculing honest, hard working, highly intelligent truth tellers… Read More Heroes and Whores
Systematic “Petro-Plunder,” as we’ve come to call it, eats into Mexico’s energy sector.… Read More Deadly Gangs of Oil Thieves Expand Their Business Model
All the talk about how important it is that a central bank be independent is empty nonsense if that does not also include independence from financial institutions… Read More Ben Bernanke’s Waffle House
As long as the markets go up, the investing class has no interest in truth or consequences… Read More What Keeps Them Up At Night
The great financial catastrophe of our times is still badly misunderstood, and led to grotesque consequences, including the election of Donald Trump… Read More Taibbi: Ten Years After the Crash, We’ve Learned Nothing
Ten years on, the crisis unleashed in Wall Street in 2008 is still with us… Read More What Caused the Crash of 2008 Is Now Shaping Our Post-modern 1930s
If the standard interest rate cutting and bond purchases do not suffice, central banks may more explicitly target asset prices (e.g., equities)… Read More JP Morgan Foresees Pitchforks and Fed Stock Buying in Next Financial Crash
“What we have is the tip of the iceberg…” … Read More Bayer Beware: Lawyers Claim To Have “Explosive” Monsanto Documents