The 2014 US midterm elections were a massive win for the GOP and, rightly or wrongly, gave them a mandate to act on the issues they campaigned upon. However, the big new budget bill is drawing controversy over something few GOP supporters are going to … . . . → Read More: Progressive Proselytizing: The US Budget Deal is atrocious for progressives, and the GOP base
The 2014 US midterm elections were a massive win for the GOP and, rightly or wrongly, gave them a mandate to act on the issues they campaigned upon. However, the big new budget bill is drawing controversy over something few GOP supporters are going to have thought was core to their election mandate: loosening . . . → Read More: Progressive Proselytizing: The US Budget Deal is atrocious for progressives, and the GOP base
(Part 4 of a series)The next major threat to Canadian and international financial systems is very likely to come from reckless investors gambling with derivatives, the dangerous betting vehicles that contributed to the 2008 collapse of financial services firm Lehman Brothers and the start of the Great Recession.
Used properly, simple derivatives (literally: a financial . . . → Read More: A Different Point of View….: How banks play Russian Roulette with our financial security
Excerpt from the Brainipedia mentograph entry on Wall Street, circa 2020: It wasn’t until the early years of the 2020s that our pre-singularity hominid ancestors realized they should not allow their best and brightest minds to go into the financial … Continue reading →
. . . → Read More: mark a rayner | scribblings, squibs & sundry monkey joys: Future History: Wall Street Wiles
In 2008 the world trembled on the brink of an international financial meltdown. Stock markets sank; banking systems were almost frozen; house prices plummeted; and most people wondered what the hell was going on? Who was doing what to whom to cause this crisis? We are about to find out. The Greed Trigger: The trigger . . . → Read More: CuriosityCat: JP Morgan & The Sack of Not Very Nice Stuff: Are the Chickens coming home to roost?
Talk about direct action! The chief prosecutor of Milan was complaining about major UK and EU banks selling derivative products to Italian cities, with the cities taking on significant risks that were not properly explained. However, the banks simply ignored him, until he took direct action: Alfredo “Lock the doors!” Robledo
Even though whistleblowers . . . → Read More: CuriosityCat: Milan prosecutor locks employees of foreign banks out of their offices
We have all heard of the London Whale and his role in betting $100 billion (that’s $100,000,000,000)on derivatives and losing several billion for the proud and now humbled JPMorgan. And there’s one article you just have to read to understand why this can happen, has happened, and will happen, and why you – the . . . → Read More: CuriosityCat: The London Whale: The Massive Gambles our Regulators and Banks are taking and why You will pay