“Once. Only this year. Later on, that’s their problem”: Finance Minister. $3.4 billion in fuel was stolen in 2018, including by insiders. Crackdown now underway.… Read More Pemex, World’s Most Indebted Oil Company, Gets Government Bailout as Suppliers Gripe About Unpaid Bills
“The traditional private equity model should have no place in retail.”… Read More UK-Based Multinational Department Store Debenhams Collapses, After 200 Years of Trading
What sense did it make for the Fed to be sluicing funds to a hedge fund shorting the very entities the Fed was trying to shore up?… Read More Steve Eisman and FrontPoint Were Shorting Wall Street Banks While the Dumb Fed Was Giving FrontPoint Emergency Loans – And That’s Not the Worst Part of this Story!
Australians, like Americans, remain on the road to financial ruin at the hands of predatory banking behemoths that are using their concentrated money and political power to attack each and every democratic principle that we cherish as citizens… Read More An Open Letter to Australians: Only Glass-Steagall Can Save You from the Banks
Bloomberg publishes extensive report that appears to support Maxine Waters’ claim that Deutsche is “one of the biggest money laundering banks in the country, or maybe the world”… Read More Just How Criminal Is Deutsche Bank?
If the average American knew that the very same banks that blew up the U.S. economy just a decade ago were warning in their own 10K legal filings that the same thing could happen again at any moment, there would be mobs with pitchforks in the street… Read More Derivatives Could Blow Up Wall Street Again, Warn Megabanks
Opposition Is Growing to Merger Between Deutsche Bank and Commerzbank… Read More Deutsche Bank Seeking a “Guarantee of Existence” with Monster-Merger?
Recent data clearly demonstrate how little progress has been made in reducing the dangers the Wall Street banks pose to the U.S. economy… Read More The CEOs of Wall Street Giants Are About to Sweat a Little
The Iraq war faceplant damaged the reputation of the press. Russiagate just destroyed it… Read More It’s Official: Russiagate Is This Generation’s WMD
Opacity is treasured by the masters of today’s stock market. Too much transparency or honesty sends hedge funds and dark pools running for the safety of Treasury notes… Read More Fed’s Powell Wasn’t Expecting this Kind of Drama at his Press Conference
Germany, a country where the needs of industry trump the needs of banks, is a notoriously difficult banking market… Read More Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger
It’s not often that we get to see the details of how companies commit $7.4 billion worth of fraud. … Read More How to Commit $7.4 Billion in Accounting Fraud