Last Friday’s market action, following the Brexit vote in the U.K., […] proved just how feeble the Fed is when it comes to assessing systemic risk and capital vaporization…
Finance
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Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard…
“If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we’d be fine”…
Italy Eyes €40Bn Bank Rescue as First Brexit Domino Falls…
Italy is preparing a €40bn rescue of its financial system as bank shares collapse on the Milan bourse and the powerful after-shocks of Brexit shake European markets…
House Republicans Think the Fed Is In Conspiracy With the Rich: Are They Right?…
Yesterday, four Republicans on the House Financial Services Committee […] presented a persuasive argument that it’s really the Federal Reserve […] that’s sacrificing the poor and…
The Most Important Agency You’ve Never Heard Of…
The Office of Financial Research is meant to be the early-warning system for the next financial crisis. Is it doing its job?…
IRS Admits to Illegally Seizing Innocent Citizens Bank Accounts…
This is actually happening to victims of a little-known form of civil asset forfeiture carried out by the IRS on the premise of “structuring” violations…
REPORT: Volkswagen to Pay $10.2B to Settle Emissions Scandal…
VW will spend the money to settle claims in the wake of last fall’s revelation the company installed software on its diesel vehicles designed to skirt federal emissions testing…
Hedge Fund Manager Charged In Insider Trading Case Commits Suicide…
U.S. Attorney Preet Bharara in Manhattan charged Sanjay Valvani of fraudulently making $25 million by gaining advance word about FDA approvals of generic drug applications…
Neoliberalism Nakedly Exposed…
“Austerity policies not only generate substantial welfare costs due to supply-side channels, they also hurt demand—and thus worsen employment and unemployment”…
15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesn’t Want You To See…
You are about to see undeniable evidence that the U.S. economy has been slowing down for quite some time. And it is vital that we focus on the facts…
Federal Reserve Puts Interest Rates Rise on Hold. Blames Brexit…
Committee said Wednesday it ‘expects economic conditions will evolve in a manner that will warrant only gradual increases in federal funds rate’…
An IT Worker at the Panama Papers Law Firm Has Been Arrested…
It appears another technical insider may be connected to a leak at Mossack Fonseca, the law firm at the heart of the massive Panama Papers scandal…
Citigroup Trademarks ‘THANKYOU’ And Sues AT&T for Thanking Clients…
Not to be outdone by Citigroup, AT&T has applied to trademark “AT&T THANKS”…
Laid-Off Americans, Required to Zip Lips on Way Out, Grow Bolder…
Some of the workers who were displaced are starting to speak out, despite severance agreements prohibiting them from criticizing their former employers…
Why Are So Many Bankers Committing Suicide?…
Three bankers in New York, London and Siena, Italy, died within 17 months of each other in 2013-14 in what authorities deemed a series of unrelated suicides…
Silicon Valley’s Audacious Plan to Create a New Stock Exchange…
The author of “The Lean Startup” and his team are in early talks with the Securities and Exchange Commission…
How the Wealthiest Americans Got Rich May Surprise You…
“What has shaped generations of wealthy American families are their deeply held values and beliefs, rather than growing up privileged”…
‘Leave’ Takes Shocking 19-Point Lead In Brexit Poll – “If It Happens, Gold Will Be The World’s Strongest Currency”…
“All I know is that if it happens, gold will be the strongest currency in the world”…
Related
Opinion Analysis: Puerto Rico’s Debt Woes Left to Congress…
For the second time in a week, the Supreme Court has rejected the government of Puerto Rico’s efforts to use its self-governing powers — this time, nullifying…
Bond Yields Around the World Fall to Records on Growth Outlook…
The rush into government bonds during 2016 shows no sign of reversing as a weakening global economic outlook and political risks fuel demand…