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 […]
Major Banks Hand Over Wealth of Information on Russians linked to Trump Family to Congress…
According to a report from the Wall Street Journal, major Wall Street financial institutions have handed a wealth of information on Russians linked to Donald Trump and members of his family to congressional committees. The report states, there are “thousands of pages of documents related to Russians who may have had dealings with Mr. Trump, […]
U.S. Financial System Rests on 5 Mega Banks; and They Tanked Yesterday…
By the closing bell of yesterday’s broad stock market selloff, the Dow Jones Industrial Average, which had been down over 900 points in the afternoon, closed with a loss of 767 points or 2.90 percent. The Standard and Poor’s 500 Index closed even deeper in the red with a loss of 2.98 percent. But those […]
These Charts Suggest the Whole Wall Street Casino Has Become Taxpayer-Backstopped and Too-Big-to-Fail…
According to the Federal Deposit Insurance Corporation (FDIC), as of September 30, 2018 there was a total of $13.6 trillion in deposits at all 5,397 Federally insured banking and savings institutions in the U.S. but just nine mega banks represented 40 percent of all domestic deposits. Those nine are the insured banking units of the […]
Morgan Stanley Downgrades Ratings of China’s Four Largest Banks…
Morgan Stanley reportedly lowered its ratings on some shares of China’s four biggest banks on Tuesday, a move that surprised many industry insiders. It also upgraded the ratings of A shares of Ping An Bank and China Everbright Bank. According to a report from domestic news site 21jingji.com on Tuesday, citing a Morgan Stanley research […]
Man Trump Named to Fix Mortgage Markets Figured in Infamous Financial Crisis Episode…
In early 2007, a group of Morgan Stanley bankers bundled a group of subprime mortgage instruments into a package they hoped to sell to investors. The only problem was, they couldn’t come up with a name for the package of mortgage-backed derivatives, which they all knew were doomed. The bankers decided to play around with […]
Podesta Emails: Wikileaks Releases Hillary’s Paid Wall Street Speech Transcripts: Hundreds Of “Sensitive” Excerpts…
Wikileaks released part one of what it dubbed the “Podesta emails”, which it describes as “a series on deals involving Hillary Clinton campaign Chairman John Podesta. Mr Podesta is a long-term associate of the Clintons and was…
Fed Monetary Policy Is Being Held Hostage by Wall Street Banks…
American banking has now evolved from too-big-to-fail to too-big-to-prosecute to too-big-and-dangerous-to-return-to-normal-monetary-policy…