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Tag Archives: Wall Street
Swimming with the Sharks: Goldman Sachs, School Districts, and Capital Appreciation Bonds
Swimming with the Sharks: Goldman Sachs, School Districts, and Capital Appreciation Bonds Remember when Goldman Sachs – dubbed by Matt Taibbi the Vampire Squid – sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up? It seems that the ubiquitous investment bank has also put the squeeze on California and its […]
Ex-Plunge Protection Team Whistleblower: “Governments Control Markets; There Is No Price Discovery Anymore”
Ex-Plunge Protection Team Whistleblower: “Governments Control Markets; There Is No Price Discovery Anymore” One year after the great stock market crash in 1987, US President Ronald Reagan launched the “Working Group on Financial Markets.” Conspiracy theorists believe, however, that the real task of this committee is to protect against a renewed slump in the stock […]
David Stockman Interview: The Global Economy Has Entered The Crack-Up Phase
David Stockman Interview: The Global Economy Has Entered The Crack-Up Phase Transcript of David Stockman’s Interview By Chris Martenson at Peak Prosperity Chris Martenson: Welcome to this Peak Prosperity podcast. I am your host, Chris Martenson. It’s a central banker world and that world is increasingly volatile, deformed, and full of risks. Today, we’re speaking with […]
Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming
Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme—an insidious cover story that has been concocted by the crony capitalist cabals that thrive at the intersection of Wall […]
Banks May Have Overplayed Their Hand Fighting Wall Street Regulation
Banks May Have Overplayed Their Hand Fighting Wall Street Regulation (Bloomberg) — The financial industry is finding that winning in Washington comes at a cost. Wall Street lobbied aggressively and succeeded late last year in persuading lawmakers to roll back rules for the $700 trillion derivatives market. Instead of generating momentum for further changes to […]
If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next
If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next Are we on the verge of a major worldwide economic downturn? Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead. As […]
Crony States of America – Wall Street Firms are Trying to Hide Payoffs Made to Employees Entering Government
Crony States of America – Wall Street Firms are Trying to Hide Payoffs Made to Employees Entering Government “There is a lot of work ahead for the management to recover its reputation.” – John Whitehead, Ex-Goldman Sachs Chairman, in a 2010 Wall Street Journal interview Goldman Sachs may need to work on its image. This year, the firm beat recall-riddled […]
Wall Street Has a Dream About the Price of Oil
Wall Street Has a Dream About the Price of Oil The price of oil has bounced 20% since January 29 when the benchmark West Texas Intermediate had dipped below $44 a barrel, but according to Edward Morse, Citigroup’s global head of commodity research, that dizzying bounce is a “head-fake.” Because the fundamentals are still terrible. Oil production […]
The Incredible Lies We Are Told About Wall Street
The Incredible Lies We Are Told About Wall Street The corporation has become a financial asset to be manipulated by CEOs and institutional shareholders. Fewer than half of the US population owns a single share of stock and even fewer Americans are in a position to start their own businesses. Nonetheless, at least in rhetoric […]
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers No sooner was the January jobs report released than the Wall Street Journal posted a succinct headline: “Hiring, Wages Pick Up as Job Market Nears Full Health”. Whether the job market is actually as red hot as the BLS’ headline numbers is a debatable topic, but it […]
Debt In The Time Of Wall Street
Debt In The Time Of Wall Street With all the media focus aimed at Greece, we might be inclined to overlook – deliberately or not – that it is merely one case study, and a very small one at that, of what ails the entire world. The whole globe, and just about all of its […]
The Big Lie: 5.6% Unemployment
The Big Lie: 5.6% Unemployment Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we’re hearing much celebrating from the media, the White House and Wall Street about […]
We’ll Meet Again, Don’t Know Where, Don’t Know When
We’ll Meet Again, Don’t Know Where, Don’t Know When I was having a post-Departmental Colloquium dinner with a small group of colleagues from the Harvard Chemistry Department in the Spring of 2008 when the subject turned to the then-recent shudderings of the stock market – a topic which at the time was of greater concern […]
It’s Greece vs Wall Street
It’s Greece vs Wall Street On the one hand, I’ve written so much about Greece lately I fear I’m reaching overkill. On the other hand, there’s so much going on with Greece, and so fast, that I wouldn’t know here to begin. Moreover, I’m thinking and trying to figure what is what and what is […]
Nomi Prins: The Sinister Evolution Of Our Modern Banking System Because we’re all about those banks, ’bout those banks…
Nomi Prins: The Sinister Evolution Of Our Modern Banking System Because we’re all about those banks, ’bout those banks… I quit Wall Street and decided that it was time to talk more about what was going on inside it, as it had changed. It had become far more sinister and far more dangerous. ~ Nomi […]
