COLLIER COUNTY, Fla. – A bank foreclosure story you’ve got to see to believe. A Collier County couple turns the tables on Bank of America, the bank that tried to foreclose on their home. Now, the family is foreclosing on …
[Milwaukee, Wisconsin] MacIver News Service – For the first time in history, the average annual compensation for a teacher in the Milwaukee Public School system will exceed $100,000. That staggering figure was revealed last night at a meeting of the …
by Vics During the financial crisis in 2008, the root cause of the meltdown was derivatives. Specifically, CDOs, or Collateralized Debt Obligations related to mortgages and CDSs, or Credit Default Swaps. Derivatives encompass a wide range of financial products: futures …
Main Street Responds to the Wall Street Manifesto Main Street America has issued a point for point rebuttal to the Wall Street Manifesto, with a manifesto of its own. Each paragraph of the original Wall Street Manifesto is reprinted below …
We, the bankers of these United States , want to assure all Americans that we are devoted, heart and soul, to the interests of this great nation. Contrary to countless disparaging remarks by so-called pundits, there is absolutely no daylight …
by LV Sergey Aleynikov, a computer programmer, is accused of stealing Goldman Sach’s computer code when he left the company in July 2009. His trial is about to begin. See “What We Are Not Supposed To Know“. The problem with …
by LV If it were run-of-the-mill criminal prosecutions, a couple of investment banks would not be so nervous. At stake is their bread-and-butter; i.e., profits from high frequency trading. Two former traders, Sergey Aleynikov and Samarth Agrawal, were accused of …
by LV The market and public sentiment are stacked against those who take short positions in the stock market. The reason for this, of course, is that most market participants, such as mutual funds and retail investors, buy and hold …
By definition, a plutocracy is government by the wealthy. The only thing worse than an outright plutocracy is a stealth plutocracy. The anger and hopelessness so many Americans feel stems from the fact that we are effectively being ruled by …
Shortly before the joint report of the SEC/CFTC was released to the public on September 30th, a meeting was held in the Oval Office of the White House. In attendance were the President, the Vice-President, the Secretary of the U.S. …
In the wake of the May 6th flash crash, senior managers gathered in the war room at the Securities and Exchange Commission. The mood was tense. A few days earlier, the Dow dropped almost a thousand points in a few …
Mac Slavo October 26th, 2010 SHTFplan.com The US Government Is Prepping For Unlikely Events Like War, Catastrophic Collapse of Society, and Even Asteroids – Are You? Your run of the mill prepper is likely stocking up on food, water, SHTF …
by LV Several Wall Street investment bank traders munched on their lunch, which was hand-delivered from Delmonico’s directly to their desks. The topic of discussion du jour was the SEC/CFTC’s report concerning the May 6th flash crash. Their mood was …
Heidi is the proprietor of a bar in Detroit . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with …
