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Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments Last August, ExxonMobil warned that it may need to remove 20 percent of its oil and gas proved reserves from its books. While that was a shocking number from the oil major, reality proved to be even more of a shock […]
Swiss National Bank’s Monetary Racket, US Stock Holdings & the Wild Ride of its Own Shares
Swiss National Bank’s Monetary Racket, US Stock Holdings & the Wild Ride of its Own Shares We’ll also look at its garbage pile at the bottom. These folks don’t even pretend to be stock pickers. They buy and let it stick till it falls off on its own. The Swiss National Bank, which filed its […]
Ted Siedle: The Greatest Retirement Crisis In The History Of The World
Ted Siedle: The Greatest Retirement Crisis In The History Of The World The pension crisis is even worse than we imagine. “We are on the precipice of the greatest retirement crisis in the history of the world. And that makes perfect sense because, first of all, we have the largest elderly population in the history […]
Pension / Retirement Crisis Is Becoming An Underfunded ‘Tsunami’ According to The SEC
Pension / Retirement Crisis Is Becoming An Underfunded ‘Tsunami’ According to The SEC We have detailed this problem over the past 3-4 years warning people about how bad the pensions around the nation have become nothing more than another ponzi scheme. Most, if not all, state, local and federal pension programs are underfunded by 40% […]
Why It Matters If Fracking Companies Are Overestimating Their ‘Proved’ Oil and Gas Reserves
Why It Matters If Fracking Companies Are Overestimating Their ‘Proved’ Oil and Gas Reserves Back in 2011, The New York Times first raised concerns about the reliability of America’s proved shale gas reserves. Proved reserves are the estimates of supplies of oil and gas that drillers tell investors they will be able to tap. The […]
Brad Birkenfeld: Lucifer’s Banker
Brad Birkenfeld: Lucifer’s Banker A whistle-blower’s account of exposing massive fraud at UBS Just how bad is the ongoing fraud in the banking system? Get ready for a mind-bowing expose by a former insider at UBS. Brad Birkenfield, author of Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy, recounts the efforts […]
One Way to Unrig Stock Trading
One Way to Unrig Stock Trading AMERICA’S equity markets are broken. Individuals and institutions make transactions in rigged markets favoring short-term players. The root cause of the problem is that stocks trade on numerous venues, including 11 traditional exchanges and dozens of so-called dark pools that allow buyers and sellers to work out of the […]
Groups Hand 360,000 Signatures to Justice Department Calling for “Exxon Knew” Probe
Groups Hand 360,000 Signatures to Justice Department Calling for “Exxon Knew” Probe With the hottest October in world history recorded recently, a slew of advocacy groups have delivered 360,000 petition signatures to the U.S. Department of Justice, calling for a probe of petrochemical industry giant ExxonMobil’s history of funding climate change denial despite what the company knew about climate science. The […]
Systemic Corruption Has Destroyed America
Systemic Corruption Has Destroyed America Preface: It’s been less than a month since we last posted on this topic … but, sadly, we’ve got many more examples. The Cop Is On the Take Government corruption has become rampant: Senior SEC employees spent up to 8 hours a day surfing porn sites instead of cracking down on financial crimes […]
How HFT Destroys Markets: 50 Pages Of Evidence
How HFT Destroys Markets: 50 Pages Of Evidence Back in 2009, when aside from a few insiders, nobody had heard of HFT, Zero Hedge launched its crusade to expose the algorithmic scourge that has since then caused an equity, treasury and now US Dollar flash crash, and has been the subject of a Michael Lewis […]
Former SEC Director Admits The Truth: The Market Is Rigged
Former SEC Director Admits The Truth: The Market Is Rigged For more than a decade, John Ramsay kept his mouth shut about how rigged the US equity market was. As SEC Director of Trading & Markets, Ramsay tells Bloomberg her “had red tape over his mouth,” but now he is “uncorked.” “I’ve been able to find my […]
The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare | Rolling Stone
The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare | Rolling Stone. She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore. “It was like watching an old lady get mugged on the street,” she says. “I thought, […]
US Taxpayers Pay For SEC to Arrange Early Release of Data to High Speed Trading Firms
US Taxpayers Pay For SEC to Arrange Early Release of Data to High Speed Trading Firms. The SEC reportedly does not like trading on information that is not yet public. Just ask SAC Capital, or if you prefer, watch the plethora of insider trading SEC news conferences in general. Why, even this morning there is […]
