Welcome to Sweatshop Amerika!
The next bailout will be our last… Read More Welcome to Sweatshop Amerika!
JPMorgan Chase and Citibank Have $2.96 Trillion in Exposure to Credit Default Swaps
That these Wall Street banks are still endangering the safety and soundness of the U.S. banking system and U.S. economy is nothing short of a regulatory failure of epic proportions… Read More JPMorgan Chase and Citibank Have $2.96 Trillion in Exposure to Credit Default Swaps
Stop the Coronavirus Corporate Coup
“Any time there is a crisis and Washington is in the middle of it is an opportunity for guys like me,” said one lobbyist.… Read More Stop the Coronavirus Corporate Coup
Banks Pressure Health Care Firms To Raise Prices On Critical Drugs, Medical Supplies for Coronavirus
In some cases, bankers received sharp rebukes from health care executives; in others, executives joked about using the attention on Covid-19 to dodge public pressure on the opioid crisis… Read More Banks Pressure Health Care Firms To Raise Prices On Critical Drugs, Medical Supplies for Coronavirus
Wall Street’s Crisis Began Four Months Before the First Reported Death from Coronavirus in China; Here’s the Proof
That doesn’t mean Wall Street is not going to let a national emergency go to waste. It’s going to maximize bailing itself out while the public’s attention is focused on a national crisis… Read More Wall Street’s Crisis Began Four Months Before the First Reported Death from Coronavirus in China; Here’s the Proof
Junk-Bond Spreads & BBB-Bond Spreads Blow Out Past Lehman-Bankruptcy Levels
Frazzled by the sudden appearance of Financial Crisis 2, the Fed scurries in every bailout direction… Read More Junk-Bond Spreads & BBB-Bond Spreads Blow Out Past Lehman-Bankruptcy Levels
Welcome to Dystopia: My Life Under Lockdown in Spain
Most importantly, we have our health (touch wood) and each other… Read More Welcome to Dystopia: My Life Under Lockdown in Spain
The Fed Tried to Give Away $1 Trillion to Wall Street Today and Failed, Suggesting Specific Banks Are In Trouble
What is the world coming to when the New York Fed can’t mix up eye-popping amounts of almost-free money in its punch bowl and get the mega Wall Street banks to drink freely?… Read More The Fed Tried to Give Away $1 Trillion to Wall Street Today and Failed, Suggesting Specific Banks Are In Trouble
Another Dangerous Virus Hits the U.S. – Wall Street Bank Contagion
If the big banks were rolling in liquidity, as many Wall Street hucksters claim, they wouldn’t be needing those hundreds of billions of dollars in revolving repo loans from the Fed each week, which began for the first time since the financial crisis on September 17 of last year and just got massively bigger today… Read More Another Dangerous Virus Hits the U.S. – Wall Street Bank Contagion
First Enron of 2020: Muddy Waters’ Short-Target NMC Health Just “Discovered” $2.7 Billion Undisclosed Debt
The rot runs even deeper than Muddy Waters could have imagined… Read More First Enron of 2020: Muddy Waters’ Short-Target NMC Health Just “Discovered” $2.7 Billion Undisclosed Debt
Federal Reserve to Offer $270 Billion in Loans to Wall Street Tomorrow
All of this money gusher will be dispensed by the New York Fed, the same regional Fed bank that funneled the bulk of the secret $16 trillion in aggregate emergency loans to Wall Street during the last financial crisis… Read More Federal Reserve to Offer $270 Billion in Loans to Wall Street Tomorrow
European Bank Stocks Collapse to March 2009 & 1988 Levels
Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it… Read More European Bank Stocks Collapse to March 2009 & 1988 Levels
