Looks like the Too Big to Fail casino megabanks are at it again…”“Some of the risks that make JPMorgan Chase dangerous cannot actually be seen by looking at its balance sheet because the positions that give rise to them are not included there.”…
Missile Launched by North Korea Was Intermediate Range, NOT ICBM…
The Russian Defense Ministry has stated that North Korea launched an intermediate range missile on Tuesday morning. The missile flew around 535 kilometers, reaching an altitude of 510 kilometers, and fell into the Sea of Japan, according to military data. The missile test carried out by Pyongyang on Tuesday morning did not pose a threat […]
Eight Years After an Epic Banking Crash, America’s Biggest Threat Is Still Its Banks…
In 1934 the U.S. had 14,146 commercial banks holding insured deposits. By 1985, that number had barely budged, standing at 14,417. Then came the Bill Clinton administration in the 1990s and its reckless and unprecedented banking deregulation which allowed the giant Wall Street banks to swallow up, or drive out of business, thousands of banks […]
Here’s Why Russia Wasn’t Behind WikiLeaks Emails Leak…
If Russia had really wanted to interfere in the U.S. elections and tilt the playing field against Clinton, who was promising an Obama third term and with Obama traveling around the country campaigning for her, it would have scooped up all of the emails from 2008 in which Citigroup executive, Michael Froman…
Germany’s Deutsche Bank, Again in Trouble, Received a U.S. Bailout Twice as Big as Lehman Brothers…
The gyrations in Deutsche Bank’s shares last week together with a June report from the International Monetary Fund indicating that the bank was “the most important net contributor to systemic risks” has cast a trading pall over all of the global banks.
Big Data Exposes How Politically Connected Traders Cashed In During the Financial Crisis by David Sirota…
Big Data — those sprawling algorithms that can track and predict patterns in human behavior — often conjures up fears of a big-brother police state. But those same data-sets could be harnessed to uncover and expose Wall Street excesses…
Wells Fargo Shaming Today in Senate: Edwards Family Are Ghosts in the Room…
Imagine how you might feel if you were part of a distinguished family that built a respected business over 120 years only to see it gobbled up against your wishes by a banking behemoth, Wachovia, which collapsed a year later and…
Harvard Crushes The “Obama Recovery” Farce With 9 Simple Charts…
In a recent study entitled “Problems Unsolved and a Nation Divided” Harvard University points out that, despite claims of an “Obama Recovery,” in fact, the U.S. economy has continued to deteriorate…
U.S. Economy Was Growing at the Slowest Pace Since WW II; Now It’s Worse…
It has now been more than a decade since the U.S. economy grew at an annualized rate of 3 percent or better – the longest subpar growth stretch since the end of World War II…
A Critical and Ignored 2008 Email by Ben Bernanke on the Lehman Collapse…
A little noticed 2008 email from former Federal Reserve Chairman, Ben Bernanke, raises serious questions about his official narrative on the collapse of Lehman Brothers…