“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 [...]

This practice used to be illegal in most states and viewed unfavorably by the American Bar Association … no longer.  Not only is this practice legal … your lawyer doesn’t have to tell you if he borrows the money from a hedge fund leaving you on the hook potentially.  Imagine not have much money but [...]

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“Essentially, JPMorgan has been operating a hedge fund with federal insured deposits within a bank.” ~Mark Williams, a professor of finance at Boston University So – now … news is coming out that JP Morgan Chase’s proprietary trading losses could total $9 BILLION on a series of trades that were supposed to “minimize risk” at the [...]

It’s important that people understand what “private equity” firms really do.  You’ll often hear Mitt Romney say that to attack his time as CEO of Bain Capital is on par with attacking “free enterprise” everywhere.  Of course – the reason that Mitt Romney uses the words “free enterprise” instead of “capitalism” and thusly “trickle down [...]

“We have been especially surprised by Moody’s disproportionately adverse treatment of U.S. firms relative to banks in Europe.” ~Citigroup This is the kind of story that most people just don’t care to pay attention to.  But it’s a sign that markets are working.  A few years ago – ratings agencies wrote publicly that they considered [...]

“Berkshire Hathaway Inc. (BRK/A) (A) CEO Warren Buffett provided the best value.” ~Bloomberg Talk about executive pay and some people will call you envious.  I don’t think that’s how most people feel at all; I certainly am not envious.  There is something very wrong with a system that allows for CEO’s to channel tens of millions [...]

This video does an awesome job of explaining how we’re able to measure the vast size and scope of objects within the universe.  When I watch this I have a couple of initial thoughts. #1 – Wow.  Science really is amazing.  Think about how many smart people we have in this world who study the [...]

“This case demonstrates that the notion that the bailed-out banks have somehow found God and have reformed their ways in the aftermath of the financial crisis is pure myth.” ~ Neil Barofsky, former special inspector general of the Troubled Asset Relief Program.  Maybe you have heard about this economic crisis that hit America and the world [...]

“As the prospect of a Greek exit overhangs the (European) Union, increased pressure on asset-owners is likely going to lead to fire-sales.” ~Macquarie analysts Emil Wolter and Aniel Mahtani Investment banks are eagerly looking to the economic woes in Europe.  Governments, businesses and individuals are potentially very vulnerable and where are distressed assets….there is much [...]