When I saw financial deregulation created “Too Big To Fail” … I mean “smaller government” created it … I mean “laissez-faire” economics created it … I mean self-regulation created it … I mean trickle-down economics created it … I mean a conservative ideology created it.  History has shown that if government does not regulate the [...]

“Slapping handcuffs on these traders has to be the next step … handcuffs, squeeze them, handcuffs, squeeze them and move up the chain….  This is an open and shut case….This is egregious criminal conduct….There’s never been any accountability on Wall Street.  Wall Street’s a high-crime area and the criminals are just let to run free. [...]

You can see a larger version of the graphic showing where these tax havens are HERE. “The problem here is that the assets of these countries are held by a small number of wealthy individuals while the debts are shouldered by the ordinary people of these countries through their governments.” ~James Henry, former chief economist [...]

“It’s not our intention to compete with the big commercial lenders and the big consumer lenders.” ~Lloyd Blankfein First thing you probably think about when you hear this story is f#ck these guys.  They’re opening a bank for the super wealthy; it is insulting.  But this move is actually a very good thing because it [...]

There is so much of this that goes to the heart of what is wrong with our country and the world financial system.  Capitalism is a great system … in many respects.  I’m a capitalist and people are sometimes confused by the name “I Acknowledge Class Warfare Exists” because many people will interpret that to [...]

“It’s hard to imagine a bigger case than LIBOR.” ~Anonymous Government Regulator  The LIBOR interest rate fixing scandal could only have happened with at least 12 banks working together in clear violation of American anti-trust and other international laws to manipulate the price of interest rates that affect nearly everything in our capitalist economies.  This [...]

If you don’t understand or have heard about how banks are manipulating the LIBOR rate which affects nearly everything under the heavens … you need to read “It’s time to send the bankers to jail“.  Barclay’s bank has been found guilty of manipulating LIBOR interest rates which as we shared HERE: I’m afraid it’s rather [...]

“An applicant’s creditworthiness, and not the color of his or her skin, should determine what loans a borrower qualifies for.” ~Deputy Attorney General James Cole Wells Fargo disputes the reason they’re giving $175 MILLION dollars to those claiming Wells Fargo’s lending policies were racist because of a class action lawsuit.  They won’t say why they [...]

This story is deplorable but worse than that – it’s really not a unique situation.  This is what corruption looks like; regulators have been aware of this since 2009 and it’s even possible this may be legal.  It’s totally unacceptable. WallStreetonParade brings us this sordid tale HERE: William C. Dudley has been employed by the [...]

“In fact – it can’t be even 4 banks or even 5 banks.  End the end it’s probably going to come out that it’s going to be all of them that were involved in this.  And that’s what’s critical for people to understand that this is a cartel style of corruption … it’s not just [...]