Max and Stacy bring the latest on the world criminal banking racket. From Greece to the U.K. banker and spreading trickle down crime…
Archive for the ‘Finance/Economy’ Category
Freddie Mac Bets Against Homeowners, Holder & Breuer’s Covington Bank Representing Past: Creating M.E.R.S. Corp
30
Jan
In his latest all out seriously spot on rant, Mandelman brings us the most recent and most recently uncovered crimes in the long list of criminal acts as yet going unpunished in the United States mortgage fraud scandal. That scandal which has devastated our economy, destroyed our housing market and left vast numbers of families [...]
Yves Smith Takes Apart Obama’s Spin on Banking Crisis Solution
24
Jan
In an excellent piece published over at Common Dreams, Ms. Smith lays it out in plain English for anyone to see. The federal government is aiding and abetting the banks in continued fraud and thievery while preventing and avoiding any way for a direct and honest legal response to their crimes. Once more, settlement pacts [...]
Psychopathic Bankers, The Story Expands: Bloomberg and Washington’s Blog
04
Jan
We were very delighted to see this latest post over at Washington’s Blog on the Psychopathy of bankers and others in our currently run amok global financial disaster – nice to see the word is getting around. As we wrote in November, 2011: Corporate Psychopathy: The Root of the Global Financial Crisis? 21 Nov We’ve [...]
Carry Trade Collapse: Bankers Tricks Destroying Eastern Eurpoean Economics
03
Jan
The ECB and IMF warn Hungary not to change rules of how they deal with the devestating impact of the Swiss Frank based mortgages as the carry trade slams mortgages into hyperdrive in Hungary. While most Americans have not had this experience or understanding of it on a personal level, the American banks have, of [...]
Economic History – are we Doomed to Repeat it? Michael Hudson on Democracy and Debt
27
Dec
This perspective from economic historian Michael Hudson contains some serious ‘heads up’ moments. Reading it one is forced to contemplate the potential outcomes in the devolving world of bankster controlled public policy now clearly pointed toward the destruction of the public good in favor of corrupt private creditors. And no change seems to be coming, [...]
Bill Black’s Response to Obama’s 40,000 Feet Non Speak
26
Dec
While there has been quite a bit of coverage of Bill’s initial post – Dante’s Divine Comedy Bankster Style, this second post is, in our opinion, more concise, and direct in its calling out of the flaws in the Bush/Obama response to the financial crisis and the reality of what the Dodd Frank Bill did [...]
Charles Hugh Smith: When Things Fall Apart: Disorientation, Desperation, Chaos
09
Dec
When Things Fall Apart: Disorientation, Desperation, Chaos Submitted by Charles Hugh Smith from Of Two Minds When Things Fall Apart: Disorientation, Desperation, Chaos The global “shadow” banking system is unraveling, with dire consequences for financial assets and failed policies. We’re not used to things falling apart, and so our first reaction is disorientation. What we’ve [...]
ZeroHedge: Why The UK Trail Of The MF Global Collapse May Have “Apocalyptic” Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else
08
Dec
If you ever needed to understand what the ‘shadow banking’ system meant, this article should make it very clear. It should also make it clear the entire financial system of the world is now over leveraged to a degree that only one quarter of the liabilities in the system are backed by any collateral. This [...]
