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The Best in Alternative News

Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?…

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The week that Donald Trump shocked markets around the globe by getting himself elected President of the United States, Wall Street banks like Citigroup, JPMorgan Chase, Bank of America and others traded millions of shares of each other’s stocks – as well as trading millions of shares of their own publicly traded stock…

Bernie Sanders Finally Blames Establishment Dems for Trump Victory…

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On February 2, Sen. Bernie Sanders spoke at the 2017 Sister Giant Conference in Washington D.C. In his speech, he voiced his harshest criticism of the Democratic establishment since his presidential campaign. “Let me suggest to you, and some will disagree with me and that’s okay, too. But let me suggest to you that what […]

The Reason the Fed is Raising Rates, and Why It Won’t Work by Mike Whitney…

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Why is the Fed creating incentives for US corporations to destroy themselves? Why is the Fed pushing insurance companies and retirement funds into bankruptcy? Why is the Fed raising interest rates when inflation is still well below its 2 percent target? Things are not always what they seem. In theory…

Eight Years After an Epic Banking Crash, America’s Biggest Threat Is Still Its Banks…

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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 […]

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