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FDIC asks Americans to keep their money in the banks
FDIC asks Americans to keep their money in the banks Yesterday the Chair of the FDIC released an astonishing video asking Americans to keep their money in the bank. Accompanied by soft piano music playing in the background, the official said: “Your money is safe at the banks. The last thing you should be doing […]
Farmageddon: Farm Loan Delinquencies And Bankruptcies Soar, Incomes Plunge
Farmageddon: Farm Loan Delinquencies And Bankruptcies Soar, Incomes Plunge Following years of depressed farm income and rising debt levels, a review of the Federal Deposit Insurance Corporation (FDIC) quarterly report by Tri-State Livestock News reveals that “delinquency rates for commercial agricultural loans in both the real estate and non-real estate lending sectors are at a six-year high.” About […]
Free-Riding Investors Set up Markets for a Major Collapse
Free-Riding Investors Set up Markets for a Major Collapse Free riding is one of the oldest problems in economics and in society in general. Simply put, free riding describes a situation where one party takes the benefits of an economic condition without contributing anything to sustain that condition. The best example is a parasite on […]
Oops, It’s Starting, Says This Chart from the FDIC
Oops, It’s Starting, Says This Chart from the FDIC And its eerie exhortations to the banks to prepare for a downturn to avoid “undue disruption to the financial system.” The FDIC’s quarterly report on commercial banks and savings institutions was cited in the media mostly for the $56 billion in profits that FDIC-insured commercial banks […]
The Fed Sends a Frightening Letter to JPMorgan and Corporate Media Yawns
The Fed Sends a Frightening Letter to JPMorgan and Corporate Media Yawns Jamie Dimon, Testifying Before the Senate Banking Committee on June 13, 2012 Over Massive Derivative Losses at the Depository Bank of JPMorgan Chase Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman […]
Federal Regulators Accuse Banks Of Not Having Credible Crisis Plans, Would Need Another Bailout
Federal Regulators Accuse Banks Of Not Having Credible Crisis Plans, Would Need Another Bailout Perhaps the biggest farce to result from the Dodd-Frank legislation designed to “rein in” banks was the ridiculous notion of “living wills” – a concept that makes zero sense in an environment where the failure of even one bank assures a […]
The $4.6 Trillion Leveraged Loan Market—–Next Crisis In The Making
The $4.6 Trillion Leveraged Loan Market—–Next Crisis In The Making Financial crises take about a decade to be born. Having lived through four of them, I see the raw materials for a fifth one — flowing from the collapse of so-called leveraged loans — debt piled on top of companies with weak credit ratings. Before examining […]
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 […]
