Citigroup Is Slapped with a $400 Million Fine for Doing Something So Bad It Can’t Be Spoken Out Loud

“Unsafe or unsound practices with respect to the Bank’s internal controls, including, among other things, an absence of clearly defined roles and responsibilities and noncompliance with multiple laws and regulations” have been identified.… Read More Citigroup Is Slapped with a $400 Million Fine for Doing Something So Bad It Can’t Be Spoken Out Loud

The New York Fed, Pumping Out More than $9 Trillion in Bailouts Since September, Is Getting Market Advice from Giant Hedge Funds

Half of the participants of the New York Fed’s Investor Advisory Committee on Financial Markets (IACFM), which it initiated in the midst of the last financial crisis are chief executives of giant hedge funds… Read More The New York Fed, Pumping Out More than $9 Trillion in Bailouts Since September, Is Getting Market Advice from Giant Hedge Funds

Britain Will Seek Coronavirus ‘Herd Immunity’ Covertly or by Default, Thanks to an Inability to Get Anything Done

Suppression of the virus only works if its elimination is near total and an effective system is in place to find, test and isolate new cases. Britain is clearly not one of the countries that can successfully do this… Read More Britain Will Seek Coronavirus ‘Herd Immunity’ Covertly or by Default, Thanks to an Inability to Get Anything Done