Iceland just sentenced their 26th banker to prison for their part in the 2008 financial collapse

Crime Doesn’t Pay (In Iceland) Market Ticker I was born in the wrong part of the world…. In a move that would make many capitalists’ head explode if it ever happened here, Iceland just sentenced their 26th banker to prison for their part in the 2008 financial collapse. In two separate Icelandic Supreme Court and Reykjavik District Court rulings, five […]

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“The Cartel” – Five global banks to plead guilty, pay $5.7 billion on Libor rate rigging

Five of the world’s largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday.  Reuters A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said. U.S. banks […]

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China’s Central Bank to cut bank reserve requirement (Fractional Reserve Lending)

19.5% reserves is still double what Fed Member banks allegedly need in the USA. These banks will also get low or NO interest rates to receive fiat currency credits they can loan out AT INTEREST more than 5 times. This is the 3rd cut in the last year, indicating that the Chinese global powerhouse economy is in trouble. Most news orgs are calling this […]

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Where in Afghanistan Did $35 Billion Go?

Black Ops? April 4, 2015 by Klaus Marre WHO WHAT WHY Out of $56 billion that the Department of Defense (DOD) has spent on Afghanistan’s reconstruction, only $21 billion can be properly accounted for. The $35 billion discrepancy is revealed in a new report from the Special Inspector General for Afghanistan Reconstruction (SIGAR). . SIGAR’s core mission is “to prevent […]

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Insourced: A loophole in immigration law is costing thousands of American jobs

This can be reported, as both Unions and citizens are affected ….. In other words, immgration loving democrats are very upset… so this is not perceived as “racist” LA Times Imagine getting a layoff notice, then being ordered to train your replacement. That’s what has happened to hundreds of information technology employees at Southern California Edison. Since last summer, Edison, […]

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Competition is a sin? “Govt” Regulations hit smaller US banks hardest

Competition is a sin” – John D. Rockefeller Financial Times Small US banks have been disproportionately hurt by post-financial crisis regulation, a former JPMorgan Chase executive working at Harvard University has found. Amid a renewed push in Washington for regulatory relief for the country’s community banks, research by Marshall Lux — JPMorgan’s former chief risk officer for consumer businesses, now a […]

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Central bank prophet fears QE warfare pushing world financial system out of control

Former BIS chief economist warns that QE in Europe is doomed to failure and may draw the region into deeper difficulties London Telegraph The economic prophet who foresaw the Lehman crisis with uncanny accuracy is even more worried about the world’s financial system going into 2015. Beggar-thy-neighbour devaluations are spreading to every region. All the major central banks are stoking […]

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