Underscoring previous assessments that the Democratic establishment, including the party’s 2016 presidential candidate Hillary Clinton, has “a Wall Street problem,” new polling and focus group data shows that Democrats are perceived as woefully out of touch when it comes to the economy. The pro-Clinton super PAC Priorities USA surveyed 801 voters who backed former President…
Pro-Clinton Probe of 2016 Reveals That, Yes, Democrats Have a ‘Wall Street Problem’…
The Power of Gold: Why Deutsche Bundesbank Had to Promise to Leave 1200 Tons in New York…
With big fanfare, Deutsche Bundesbank announced on February 9 that ahead of plan they had repatriated 300 tons of gold from New York. This put a positive spin on a rather disturbing fact –1236 tons of gold that is supposed to be part of Germany’s currency reserve will continue to be kept outside of German […]
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 […]
Breaking Up the Big Wall Street Banks Is Back in the Headlines…
In the past two weeks, newspaper headlines have revived the debate on whether the mega Wall Street banks continue to pose a systemic threat to the U.S. banking system and the economy. This is a desperately needed public debate that demands facts – not a revisionist history of what actually caused the 2008-2010 Wall Street […]
Stock Markets Sit Blithely on a Powerful Time Bomb…
No one knows the full magnitude, but it’s huge. How big is margin debt really, and how much of a threat is it to the stock market and to “financial stability,” as central banks like to call their concerns about crashes? Turns out, no one really knows. What we do know: Margin debt, as reported […]
Wall Street Is Pouring Money Back Into Shale…
With oil prices seemingly on firm footing, Wall Street is pouring money back into the shale sector, expecting profits even at $50 per barrel. The private equity industry raised an estimated $19.8 billion in funds for energy investment in the first quarter of this year, or about three times as much as the same period […]
NYPD Sent Video Teams to Record Occupy & BLM Protests over 400 Times…
New York City Police Department documents obtained by The Verge show that police camera teams were deployed to hundreds of Black Lives Matter and Occupy Wall Street protests from 2011–2013 and 2016. Originally acquired through a Freedom of Information Law request by New York attorney David Thompson of Stecklow & Thompson, the records are job […]
Preet Bharara Explains Why He Let Wall Street Bank Executives Avoid Prison…
Recently dismissed U.S. Attorney for the Southern District of New York, Preet Bharara, is suddenly being celebrated as an aggressive warrior in the fight against Wall Street corruption. Really? You could’ve fooled me. Perhaps I was in a coma when a string of big bank executives were arrested and sent to prison. No, what actually […]
Until the Banking System Is Reformed, There Will Be No Sustainable Recovery…
The Fed did what was entirely expected today, and did it with a pedestrian view towards the future increases. Slow and steady. And so the markets were ‘surprised’, the dollar dumped hard, stocks rallied, and gold and silver got some legs higher. Today was more a ‘technical event’ than anything else. In other words, it […]
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