Search Results for: credit Suisse

Put big bank CEOs in jail – Senator Elizabeth Warren

Senator Elizabeth Warren

Sen. Elizabeth Warren (D-Mass.) This past weekend, the Department of Justice slapped a record fine on JPMorgan Chase for packaging and selling the mortgage-backed financial products that helped cause the financial meltdown. But Sen. Elizabeth Warren (D-Mass.) wants the administration to know that fines are not enough. On Wednesday, she called on …

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Brazil: largest protests in decades as unrest hits second week

Brazil protests

Mass protests continued throughout Brazil on Monday, with hundreds of thousands of demonstrators converging in Sao Paulo, Rio de Janeiro, Belo Horizonte, the capital of Brasilia and other cities. Protests initially began last week following a government announcement of an increase in public transportation costs, which brought out students and …

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$16,015,769,788,215.80

$5.4 trillion added under Obama. The United States Treasury reports that the total public outstanding debt is: $16,015,769,788,215.80. This is the first time in American history debt has eclipsed the $16 trillion mark. The debt has increased approximately $5.4 trillion since President Obama took office on January 20, 2009. Here’s a chart, from the …

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Goldman Sachs is running scared

Oakland vs Goldman Sachs

The City of Oakland just offered Goldman Sachs a deal they can’t refuse: either renegotiate a toxic “interest rate swap” that costs taxpayers $4 million a year or never do business with the City of Oakland again. If other cities follow suit, Goldman will have to change its ways. Stand in solidarity with Oakland …

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Leadership lessons from dancing guy

Transcript: If you’ve learned a lot about leadership and making a movement, then let’s watch a movement happen, start to finish, in under 3 minutes, and dissect some lessons: A leader needs the guts to stand alone and look ridiculous. But what he’s doing is so simple, it’s almost instructional. …

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How debt settlement programs can reduce your debt for good

Erase debt

Debt can be a scary thing, no matter who you are or what your financial situation looks like. Even people with good jobs and stable home lives can find themselves in precarious situations due to mounting debt or reckless spending. Don’t procrastinate It’s easy to ignore a small mountain of debt …

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Spotting predatory car loans

As despicable as it seems, some people make their living taking advantage of financially vulnerable members of society. If you think your high credit score renders you invulnerable to the machinations of these individuals, think again. Spotting predatory car loans is just as critical for the well heeled as it …

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China dumps record amount of US treasuries

Great Wall of China United States flag

On Friday, alongside China‘s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We then put China’s change in FX reserves alongside the total Treasury holdings …

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European Central Bank “models” €1 trillion in money printing

European Central Bank ECB

Update: in direct flashback from the summer of 2011 when the ECB leaked news only to retract it within minutes, this just happened: CONSTANCIO: DOESN’T KNOW ABOUT 1 TLN-EURO QE MODEL REPORT For those who have forgotten, here is the ECB playbook: leak “false” rumor, gauge market reaction, then promptly deny …

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The “world’s largest prop trading desk” just went bust

JP Morgan Chase

A month ago we warned that JPM’s CIO office is nothing short of the world’s largest prop trading desk. Not only were we right, but what just transpired is just shy of our worst possible prediction. At the end of the day, the real question is why did JPM put in so much …

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Grand Theft Economy: Rockstar Games Pays No Tax

Rockstar Games are supposed to be a British business success story. They’re one of the biggest names in the video games industry, and they’ve made billions of dollars through global hits like ‘Grand Theft Auto’ and ‘Red Dead Redemption. In the eyes of many gaming fans, they could do no …

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How to pay off your personal debts

Are you unsettled by the current state of your finances? Would you do anything to turn your life around? Are you ready to put the work in? If your answer to these questions is yes, this is your chance to go debt free. Once you have paid off your personal …

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Should You Get a Reverse Mortgage?

When you retire, you want to live comfortably. Yet, you may have to deal with a drastically reduced income. When you only have a low amount of money coming in, it can be difficult to fund the enjoyable things you want to do or pay for essential expenses like medical …

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Iceland to remove power from banks to steal money

Iceland banks Frosti Sigurjonsson

Iceland‘s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling …

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How to buy Bitcoin with bank account

For almost half a year now, the number of articles, eBooks, press releases and news pieces regarding Bitcoin and their closest cousins have been increasing exponentially. Digital assets have taken the over the internet as regular individuals try to look for efficient payment systems. Right after this currency crossed the …

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Has the Sydney property market finally settled down?

Now you’ve come to the same titular question because you’re looking to buy or invest in a property soon, right? Australia is easily one of the top destinations for many expats, especially British who are lured by life Down Under. However, it’s vital not to get wrong-footed by the practicalities …

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Monopoly board game goes cashless: ‘Ultimate Banking’

Monopoly Ultimate Banking cashless money

The war on cash has been in the works for a very, very long time, but the propaganda campaign to convince an always gullible public to accept the scheme seems to have been hatched in earnest late last spring. For example, here are a few excerpts from the post, Martin Armstrong Reports …

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US drone whistleblowers have their bank accounts frozen

US drone whistleblowers

The U.S. Government failed to deter them through threats of criminal prosecution, and clumsy attempts to intimidate their families. Now four former Air Force drone operators-turned-whistleblowers have had their credit cards and bank accounts frozen, according to human rights attorney Jesselyn Radack. “My drone operators went public this week and now their credit …

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