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  • VIDEO: Goldman Sachs Selling Industrial Commercial Bank of China Stake Stake


    Authority Authority:
    Goldman Sachs Selling Industrial & Commercial Bank of China Stake. Fraud claims versus Goldman over Abacus CDO are dismissed. Bloomberg’s top editor calls policy on client data ‘inexcusable’ Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in ...
    4 days ago
  • World Acceptance Pay Day Lending Rip-offs


    Authority Authority:
    New Orleans   Most cases of payday lending abuse come to me in the normal channels, which is to say right from the mouths of the victims.   This time the shock and awe at the abuses of some payday lenders, like that of large, but low profile small loan, payday lender, World Acceptance, are so offensive that ...
    4 days ago
  • Would a private bank depositor insurer allowed the European banks to do what they did? No? So?


    Tea with FTAuthority Authority: 137
    Sir, Wolfgang Münchau writes “ It doesn’t make much sense but I am a Eurofanatic ” May 20. It makes me truly wonder why if so he does not want to put forward the fact that the current problems of Europe, and especially of the Eurozone, were not caused by Europe or the Euro, but essentially by faulty bank ...
    4 days ago
  • Our very ‘curious’ mayor


    South DaColaAuthority Authority: 140
    Gawd said, “Operation Timber Strike” has been a success, even though Scott may not think so. MMM asked me to blog about his speech at Democratic Forum, so here it goes. As a city official said to me once about Mike, “I really don’t get the guy.” and after you listen to him speak at an open forum, you ...
    1 week ago
  • Breaking Politics News


    GTdailyAuthority Authority: 147
    Obama calls on Congress to help more homeowners White House offices evacuated, no danger to Obama 13 killed in blasts near Turkish-Syrian border Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, bookmark our homepage. div#grabpreview { display:none !important; ...
    1 week ago
  • Was the Basel Committee, and the Financial Stability Board, created in order to bypass democracies?


    Tea with FTAuthority Authority: 137
    Sir, what would be the possibilities of passing a law, in any European parliament, which would dramatically increase banks expected risk-adjusted returns on equity when lending to a sovereign or triple-A rated borrowers, and thereby stop banks from lending to those perceived as more risky, like small and medium ...
    2 weeks ago
  • Countrywide II Off to the Races


    Authority Authority:
    Updated from 9:58 a.m. ET to include Friday afternoon market action and additional information on Penny Mac. NEW YORK (TheStreet) -- Countrywide Financial may have made more subprime housing loans than any other institution before the housing bubble burst, but that certainly didnt scare away investors from the public ...
    2 weeks ago
  • The Wizard of Sanford Falls will be speaking at Democratic Forum today


    South DaColaAuthority Authority: 140
    Get your questions ready, in a little over an hour (noon) our esteemed leader will be addressing Democratic Forum. VFW, South Minnesota Ave.
    2 weeks ago
  • Regulators, and FT journalists, suffer from cognitive overload and malfunctioning prefrontal cortex.


    Tea with FTAuthority Authority: 137
    Sir, Christopher Coker’s “ Technology is making humans the weakest link in warfare ” May 10 is an extraordinarily enlightening article…among other for understanding why bank regulators are seemingly not able to correct what they should correct. Coker writes “The digital world we have created may be ...
    2 weeks ago
  • DealBook: Errors Afflict More Checks Issued to Aid Homeowners


    Authority Authority:
    Almost 100,000 homeowners got checks for less than they were owed under the settlement with the nation’s biggest banks.        
    2 weeks ago
  • Higher bank capital ratios without eliminating distortions based on perceived risks, would make banks riskier


    Tea with FTAuthority Authority: 137
    Sir, John Plender refers both to the draft legislation advanced by US senators David Vitter and Sherrod Brown , and to Anad Admati’s and Martin Hellwig’s “The bankers’ New Clothes” , in order to point out that “ Support is growing for higher bank capital ratios ”, May 8. Plender unfortunately entirely ...
    2 weeks ago
  • Without eliminating regulatory distortions, neither austerity nor profligacy can help Europe


    Tea with FTAuthority Authority: 137
    Sir, Martin Wolf writes: “the hope that [the European countries in crisis] will grow their way out of their difficulties, via eurozone demand and internal balancing, is a fantasy, in the current macroeconomic context”, “ The German model is not for export ” May 8.  Wolf’s line of argument, again, points ...
    2 weeks ago
  • It was bank regulators who suffered the mother of all intellectual failures


    Tea with FTAuthority Authority: 137
    Sir, John Kay writes that the left, were so horrified that a collapse of capitalism from its own global contradictions, might occur under their watch, that their only thought was to avert it by shoveling public money at the capitalists, “ Sinister or silly, protest politicians are united in grievance ” May 8. And ...
    2 weeks ago
  • 11 Reasons Why The Federal Reserve Should Be Abolished


    ZeroHedgeAuthority Authority: 722
    Submitted by Michael Snyder of The Economic Collapse blog , If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of ...
    2 weeks ago
  • Deal Professor: Hasty Deal to Save Chrysler in Depths of Crisis Returns to Haunt


    Authority Authority:
    In a fight over the value of Chrysler, Fiat and the United Automobile Workers union are $6 billion apart, the Deal Professor writes.        
    2 weeks ago
  • Subprime Bubble 2.0


    Authority Authority:
    Courtesy of The Federal Reserve Click on the Full-Screen icon at the bottom right hand corner. Subprime Bubble 2.0
    2 weeks ago
  • Attitudes Toward Subprime Auto Loans Improving


    Authority Authority:
    Subprime mortgages caused big problems in 2008 and 2009 and subprime auto was tainted because it shared the same name, said Greg Goebel, CEO of Used Car University. Ill-informed people might see parallels, said Jack Tracey, executive director of the National Automotive Finance Association. Informed sources, such as ...
    2 weeks ago
  • VIDEO: Consumer Credit Posts Smallest Increase in 8 Months


    Wines ReservedAuthority Authority: 147
    Consumer credit posts smallest increase in 8 months DealBook: Bank of America and MBIA Said to Agree to $1.7 Billion Settlement Opel expects cheaper car deals after taking finance in-house Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, ...
    2 weeks ago
  • Ruling Clears Way for $7 Billion A.I.G. Suit Against Bank of America


    Authority Authority:
    A federal judge ruled that A.I.G. could pursue a fraud claim of more than $7 billion for losses after the federal government rescued it in 2008.        
    2 weeks ago
  • Hasty Deal to Save Chrysler in Depths of Crisis Returns to Haunt


    Authority Authority:
    In a fight over the value of Chrysler, Fiat and the United Automobile Workers union are $6 billion apart, the Deal Professor writes.
    2 weeks ago

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