A Crisis Worse Than Islamic State? Bank ‘Bail-Ins’ Begin
Dec 29, 2015 While the mainstream media focus on Islamic State extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the United States.
It’s Greek to Goldman Sachs
Jun 30, 2015 “What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. (Reposted)
Austerity Muzzles Wall Street Regulators
Nov 2, 2013 American austerity is finally having one of its deep, pernicious effects in the service of runaway capitalists -- preventing government regulators from regulating due to inadequate funds.
Can the FDIC Protect Your Money From Another Crash?
Aug 31, 2013 The first of a planned three-part series on the dangers of private banking highlights government documents describing plans to confiscate the deposits of individuals as well as cities, universities, counties and pension funds when another banking crash occurs.
Larry Summers
Aug 16, 2013
U.S. Considering Arrests in ‘London Whale’ Case
Aug 11, 2013 U.S. authorities may arrest two former JPMorgan Chase employees in connection with their alleged role in hiding $6.2 billion in losses in what became known as the "London Whale" scandal, two people familiar with the situation say.
JPMorgan Chase Examined for Mortgage Wrongdoing
Aug 8, 2013 In a quarterly regulatory filing Wednesday, the nation's biggest bank revealed that it faces a criminal and civil investigation into "whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis" between 2005 and 2007.
Winner Takes All: The Super Priority Status of Derivatives
Apr 10, 2013 With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens -- secured and unsecured, insured and uninsured -- into the hands of derivative claimants.
New York Stock Exchange Operator to Be Sold for Billions
Dec 21, 2012 The owner of the “icon of American capitalism” is being sold to an Atlanta-based derivatives company for $8.2 billion as Wall Street’s trademark practice of high-energy verbal trading gives way to the digital kind.
JPMorgan and the $2 Billion Bet
May 15, 2012 University of Missouri-Kansas City professor, author and former financial regulator William Black explains what’s wacky about JPMorgan Chase’s version of events that led to the firm's $2 billion loss in the derivatives market last week.
