Why do we hate the banks so?
By Numerian posted by Michael Collins "The deadbeat accusation against defaulters says Americans should have known how much debt they were taking on and what the risks were for themselves if disaster should happen to them. The problem with this argument… more »
Triumph of the Money Party!!! Warren's role downgraded, reports to Geithner
Michael Collins The White House snatched back one of the few bones it's thrown to the people outraged at the looting of the United States Treasury by failed financial concerns - the big banks and Wall Street. The promised appointment Elizabeth Warren as… more »
Tags: crooks, dodd, financial collapse, geithner, michael collins, money party, obama, politics, wall street, warren
The Dow at 1000? Regime Change for the Stock Market
By Numerian Wall Street cannot see that a regime change has come to the markets, one in which corporations will be increasingly on the defensive, hounded by governments everywhere looking to raise tax revenue, and assaulted by a permanent buyers strike… more »
Pecunia Emptor
By Numerian That profit can come about by borrowing money from the Fed at 0% (they are the only ones in the nation with access to this favorable rate at the central bank), and then investing it at 3.5% in Treasuries. This little scam, in which the Fed… more »
"Criminal and Civil Charges" possible for NY Fed
By Michael Collins Prosecuting those who caused the financial crisis would lead to the next logical step: confiscating all the ill gotten gains and returning them to the people. The market went down and the people lost a bundle. The market is now back… more »
Economic Warfare? Europe versus Wall Street
Michael Collins (March 10) Wall Streets is headed toward international pariah status thanks to two recent actions by the European Union (EU). On Tuesday, the EU announced that it was banning Wall Street banks from the lucrative government bond business… more »
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