Yesterday, the House Financial Services Committee released its hearing schedule for October. There is not a peep about holding a hearing on the unprecedented hundreds of billions of dollars that the Federal Reserve Bank of New York is pumping into unnamed banks on Wall Street at a time when there is no public acknowledgement of […]
German Police Raid Former NATO Bunker Data Center Used for Illegal Activities…
German investigators shut down a “criminally operated data center” in a former NATO bunker that they claim was used to host sites selling drugs, child pornography and illegal botnets. More than 600 police officers stormed the ‘CyberBunker’ data center in Traben-Trarbach, western Germany, where they seized roughly 200 servers. Seven people were arrested. Prosecutor Juergen […]
The Repo Loan Crisis, Dead Bankers, and Deutsche Bank: Timeline of Events…
Last week, as the Fed was carrying out hundreds of billions of dollars in emergency loan operations on Wall Street for the second week in a row – the first such operations since the financial crisis – Deutsche Bank’s headquarters office in Frankfurt, Germany was being raided by police for the second time in less […]
U.S. Charges Israel and German Operatives of Bloombex Options, Morton Finance and Starling Capital with $100M Fraud…
The United States Securities and Exchange Commission on Thursday charged two Israeli men and a German man with binary options fraud to the tune of $100 million. The three defendants were named as Gil Beserglik, 63, an Israeli citizen living in Germany, his son Raz Beserglik, 33, who lives in Israel, and Kai Christian Petersen, […]
Markets Wake Up to a Dicey Global Economy Outlook; Dow Plunges…
If you are long stocks, this is one of those mornings when you may be tempted to pull the covers over your head and take a mental health day away from financial news. As of 8:44 a.m. this morning, Dow futures were registering a plunge of 394 points; the big Wall Street bank stocks were […]
In Stunning Upset, Germany’s Far-Right AfD Set to Defeat Merkel’s CDU in the Country’s East…
In a stunning development for German politics, Germany’s anti-immigrant, nationalist party Alternative for Germany, or AfD, has taken the lead in the east of the country ahead of Chancellor Angela Merkel’s Christian Democrats (CDU), just a month before regional elections in the eastern states of Saxony and Brandenburg, an opinion poll showed on Sunday. The […]
Germany Will Not Join U.S. Naval Mission in Strait of Hormuz…
Command of HM Montrose Refrain from Firing on the Iranian Revolutionary Guard Corp? Who in Iran Gave Orders to Capture the ‘Stena Impero’…
The US officially asked Europe, in particular the UK, France, Germany and Italy, to provide a naval force to patrol and protect ships sailing in the Straits of Hormuz, even if the command and control is handled by the Europeans and not the US. Washington wants to drag the old continent into the front line […]
U.S. Formally Asks Germany to ‘Help Secure’ Strait of Hormuz…
The United States has formally asked Germany to join a European naval mission to protect shipping in the Strait of Hormuz, the US embassy in Berlin said Tuesday. Earlier, embassy spokeswoman Tamara Sternberg-Greller told the DPA news agency about the request. The embassy confirmed the statements to DW. “We’ve formally asked Germany to join France […]
Germany’s von der Leyen Voted New EU Commission President…
German Defense Minister Ursula von der Leyen has won the vote to become the next president of the European Commission, and will be the first woman to hold the post. She received 383 out of 747 possible votes, just nine more than the minimum for her election. A total of 327 lawmakers voted against her […]
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