There was a jaw-dropping exchange between Politico reporter Victoria Guida and Fed Chair Jerome Powell at his press conference yesterday… Read More Fed Chair Powell Opens a Big Can of Worms at His Press Conference
The U.S. Government asks to break up Facebook… Read More The End of the Facebook Crime Spree
The false impression of calm this created gave confidence to the stock market, which proceeded to set record highs, as investors were blissfully unaware (along with Congress and the mainstream business media) that the New York Fed continued to feed the Wall Street beast… Read More Watchdog Report: Fed’s Billions in Emergency Repo Loans to Wall Street Didn’t Go Away; They Just Went Dark
The central bank is in effect holding the fort through the worst of the crisis and shielding vulnerable states from markets until late 2021… Read More The ECB Adds Another Half Trillion in QE, Even As Italy Eyes Debt Cancellation on the Last Batch
Have a pair of gangly Stanford grads built the perfect mousetrap?… Read More Pandemic Villains: Robinhood
The bank has a total of just $2.87 trillion of its own assets. But, somehow, it has managed to attract more than 10 times its own assets on a custodian basis.… Read More OCC Says JPMorgan Chase Has $29.1 Trillion of Custody Assets, $8 Trillion More than the Assets of All Banks in the U.S.
“What could possibly go wrong?”… Read More Wall Street Begins Betting on Water Scarcity
At 59, Chris pleaded for a renegotiation. “My life expectancy is 15 more years. At this rate, you’re not going to get very much…’ Their response was, ‘So?'”… Read More Student Loan Horror Stories: Borrowed: $79,000. Paid: $190,000. Now Owes? $236,000
Tens of billions of dollars of CARES Act money has been put to very strange use by Mnuchin… Read More 75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF
At least some of the lockdown logic is rooted in a fundamentally flawed and relatively recent conception of human nature… Read More Lockdowns Destroy What Makes Us Human
the banks – hard to believe in a time when we’re facing a banking crisis that many of the banks created – are still the most powerful lobby on Capitol Hill. And they frankly own the place.”… Read More Citigroup and JPMorgan Receive Huge Fines for Crimes the Regulators Daren’t Even Reveal
Your unease has a name: Zozobra… Read More Welcome To The Interregnum
