Wall Street Execs Allegedly Traded on Insider Info While the World Collapsed in 2008

 Posted by on 2016-09-29 at 01:38  banking, economics, Economy, finance, financial crisis, Politics, Reblog  Comments Off on Wall Street Execs Allegedly Traded on Insider Info While the World Collapsed in 2008
Sep 292016
 


The invaluable International Business Times, under the direction of David Sirota, has been doing god’s work on the circumstances of the economic crisis of 2008, even though most of the rest of the country’s political class—including, sadly, the president—has moved on.

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Wells Fargo Scandal Shows Next Bank Crisis Coming

 Posted by on 2016-09-15 at 11:53  banking, economics, finance, financial crisis, money, Reblog, wells fargo  Comments Off on Wells Fargo Scandal Shows Next Bank Crisis Coming
Sep 152016
 

There’s never just one cockroach. If you see one in the open, you know many more are still hiding. Call the exterminator. This time-honored rule also applies to banks.
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George Soros Is Betting Big On Disaster

 Posted by on 2016-06-09 at 16:14  business, economics, equities, finance, financial crisis, gold, investing, money, Reblog, stock market, wall street  Comments Off on George Soros Is Betting Big On Disaster
Jun 092016
 

George Soros is preparing to make a bundle on a coming financial disaster. Soros, who has returned to trading after a long hiatus, has sold some of his stocks in his $30 billion portfolio and moved a good chunk of that portfolio into gold.

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What Happened When the FBI Investigated Foreclosure Fraud in Florida

 Posted by on 2016-05-31 at 12:06  banking, corruption, crime, fbi, finance, financial crisis, fraud, government, housing, mortgage, News, Politics, Reblog, wall street  Comments Off on What Happened When the FBI Investigated Foreclosure Fraud in Florida
May 312016
 

Six years ago, FBI agents in Jacksonville, Florida, wrote a memo to their bosses in Washington, DC, that could have unraveled the largest consumer fraud in American history.

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Another Blow to Holding Banks Accountable for the Financial Crisis

 Posted by on 2016-05-26 at 19:48  banking, corruption, economics, finance, financial crisis, fraud, Politics, Reblog  Comments Off on Another Blow to Holding Banks Accountable for the Financial Crisis
May 262016
 


Back in the late-housing-bubble period, in 2007, Countrywide Home Loans, which was then the largest mortgage provider in the country, rolled out a new lending program. The bank called it the “high-speed swim lane,” or H.S.S.L., or, even more to the point, “hustle.

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The Toxic Billion Dollar Goldman Sachs Bond Deal that the SEC Let Get Away

 Posted by on 2016-04-29 at 15:06  banking, corruption, economics, Economy, finance, financial crisis, fraud, goldman, government, Politics, Reblog  Comments Off on The Toxic Billion Dollar Goldman Sachs Bond Deal that the SEC Let Get Away
Apr 292016
 

In early 2012, the Securities and Exchange Commission had Goldman Sachs, and perhaps the rest of Wall Street, in its sights. SEC enforcement lawyers believed they had uncovered evidence showing that Goldman had defrauded investors, misleading them into thinking a particularly toxic subprime $1.

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The Strange Case of the Missing Crisis

 Posted by on 2016-04-08 at 23:00  economics, Economy, finance, financial crisis, money, Politics, Reblog  Comments Off on The Strange Case of the Missing Crisis
Apr 082016
 

Capital has been flowing out of emerging markets for several years, driven by slowing growth, tumbling commodity prices, and the prospect of higher U.S. interest rates. Oddly enough, no big emerging country has gone bust as a result. The absence of a crisis is not normally worth noting.

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