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…
derivatives
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…
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…
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…
How banks play Russian Roulette with our financial security
(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…
Future History: Wall Street Wiles
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…
JP Morgan & The Sack of Not Very Nice Stuff: Are the Chickens coming home to roost?
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…
Milan prosecutor locks employees of foreign banks out of their offices
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…
The London Whale: The Massive Gambles our Regulators and Banks are taking and why You will pay
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…