Spreading the truth. Empowering the people.
via wallstreetonparade: Deutsche Bank Headquarters in Frankfurt, Germany On July 21, 2011, when the GAO released its audit of the Federal Reserve’s secret $16.1 trillion in bank loans during the financial crisis, a … Read more
via wallstreetonparade: The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for … Read more
via bloomberg: Financial markets have short memories. Of late, they’ve convinced themselves that collateralized loan obligations (CLOs) are much safer instruments than the collateralized debt obligations, or CDOs, on which they’re … Read more
No one can afford even the smallest hiccup in derivatives. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. After months of furious lobbying, the City of London Corporation has … Read more
The U.S. stock market has been excessively volatile. Every day it’s a wild one. What’s impossible to determine is where the bottom is. Nobody knows. What we can determine is … Read more
Today with all the other wonderful financial news, DB shares went under $8. The merger with Citi has obviously fell apart. now the German government is scrambling to Merge DB … Read more
via telegraph.co.uk: The pillars of the global financial system are fundamentally unstable and could lead to a frightening chain-reaction in the next crisis, the world’s top watchdog has warned. Giant “central … Read more
The biggest-ever bet on Bitcoin options is about to expire worthless. Purchased for almost $1 million on LedgerX’s trading platform just days after Bitcoin peaked a year ago, the call options … Read more
via thestreet: Stocks quotes in this article: SHLD, DB, C, JPM, BAC, WFC * Large U.S. banks are rapidly gaining share in fixed income trading and retail and corporate lending Deutsche Bank’s shares hit another new low … Read more
The Bank of Canada is desperate. The housing market in Canada is the last avenue for keeping up a fraudulent economy. Real estate has been the only factor allowing Canadians … Read more
via zerohedge: Just when Deutsche Bank probably thought the worst of its legal troubles (over the Libor scandal, sales of shoddy mortgage-backed securities, FX and precious metal rigging which collective resulted … Read more
by Chris They are accounted for using a “net” position. Example: Imagine that DB has sold a credit default swap to party A, but then also bought a credit default … Read more
via DAVID P. GOLDMAN The cure for the last crisis always turns into the cause of the next one. The economies of southern Europe – Greece, Italy, Spain and Portugal – … Read more
March 29 is the deadline. Urgent action is needed. But it’s not happening. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. With less than six-and-a-half months to go before … Read more
via wallstreetonparade: Spasms in big Wall Street bank stocks have been happening on a serial basis over the past three years. (See here and here.) Yesterday offered another one of those bank warning signs … Read more
$37 trillion debt. 25 million population. What could possibly go wrong? Oh and g’day from Perth, Australia When we look at Australia, we tend to find that they are … Read more