Category: Banksters
The analysis published under this category are as follows.
Wednesday, May 22, 2013
Is Jamie Dimon Too Big to Fire? / Politics / Banksters
By: Money_Morning
Shah Gilani writes: Jamie Dimon is the 57-year old banking mogul whose been running JPMorgan Chase (NYSE: JPM) since 2005, and he decisively won a shareholder vote yesterday to keep both his chairmanship and chief executive officer (CEO) titles at the nation's largest bank.
But don't celebrate yet.
Sure, only 32.2% of shareholders voted for a proposed resolution to split the company's two top jobs. And that may sound like great news (for him) but the winner wasn't Jamie Dimon, it was the Cult of the CEO.
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Wednesday, May 22, 2013
Can Two U.S. Senators End Too Big to Fail Banks? / Politics / Banksters
By: John_Mauldin
I am often on a panel or at dinner with Barry Ritholtz (The Big Picture), and he will remark, "I am going to have to rethink my position – I agree with John, and that can't be right." While I don't share that bias, I do agree with Barry about his recent take on legislation – which might actually pass – that would deal with too-big-to-fail banks in the US. Barry's latest take on that issue is this week's Outside the Box.
I have not written all that much on the topic lately, other than to say that Dodd-Frank was designed by big banks for big banks – the best legislation they could buy, I have been very critical of allowing too-big-to-fail banks to put taxpayers at risk, and I don't think it should ever be allowed to happen again. Dodd-Frank did not deal with that.
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Tuesday, May 07, 2013
Financial Scandals That Made JPMorgan Wall Street's Worst Villain / Companies / Banksters
By: Money_Morning
David Zeiler writes: Wall Street's Big Banks are hardly known for their good deeds, but JPMorgan Chase (NYSE: JPM) may be the worst of the lot.
For a bank that used to be considered a model citizen among Wall Street institutions, the reversal of reputation has been stunning.
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Tuesday, April 30, 2013
A Simple Way to Neuter Goldman Sachs and Friends / Companies / Banksters
By: Money_Morning
Shah Gilani writes: TBTF is the acronym for "too big to fail."
It's the crazy notion that certain banks are so large and systematically important (which really means so threatening to financial systems) that they must be kept alive by the government, because their failure would wreak havoc on the economy.
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Wednesday, April 10, 2013
Why JPMorgan Wants to See Many More Americans on Food Stamps / Companies / Banksters
By: Money_Morning
Every time an American signs up for food stamps in one of 23 states, JPMorgan Chase & Co. (NYSE: JPM) adds to its revenue stream.
That because JPMorgan Chase contracts to operate as the processor of the Electronic Benefits Transfer (EBT) cards in those states. JPMorgan earns a fee for each recipient, ranging from 31 cents to $2.30, depending on the state, every month for the term of the contract.
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Thursday, April 04, 2013
Goldman Sachs' Dirty Secret - The Conviction Buy List / Companies / Banksters
By: Money_Morning
David Zeiler writes: When Goldman Sachs (NYSE: GS) kicked Apple Inc. (Nasdaq: AAPL) off its celebrated Conviction Buy List, casual observers might have seen the move as yet another blow to a battered stock.
But don't be surprised if Apple stock rallies in the months ahead.
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Tuesday, April 02, 2013
Why Crime Pays for "Too-Big-To-Fail" Banks / Companies / Banksters
By: Money_Morning
Shah Gilani writes: There's a reason why the first few installments of my What Everyone Absolutely Needs to Know About Money series have been about banks.
You need to know the truth about banks.
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Thursday, March 21, 2013
Why Lenin Would be Proud of the Global Banking System / Politics / Banksters
By: Jeff_Berwick
Justin O'Connell writes: “Without big banks, socialism would be impossible.” – Vladimir Lenin
Socialism is not crafted solely on the backs of standing human or robotic armies, police, and bureaucracy.
The modern state must also possess an apparatus of big banks, as Lenin wrote at the onset of the Bolshevik Revolution, for it is banks which perform most accounting and financial recording. In socialism, banks must be expanded, made more comprehensive and, in our globalized age, reach worldwide.
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Wednesday, March 20, 2013
The Cyprus Bailout Exposes a World of Thieves, Cheats, and Liars / Politics / Banksters
By: Money_Morning
Shah Gilani writes: Let's talk about the Cyprus bailout, the International Monetary Fund, and the European Central Bank.
Let's call what the IMF and ECB are doing what it really is. After all, it is the ultimate institutional goal. It's thieving.
So let's start with the thieves...
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Tuesday, March 12, 2013
Bank of England Governor's Last Cunning Plan to Transfer RBS Bad Debts onto Tax Payers / Politics / Banksters
By: Nadeem_Walayat
In a Black Adder Baldrick-esk moment the soon to be pensioned off Governor of the Bank of England, Mervyn King announced his last cunning plan to help his bankster brethren by suggesting that all of the bad debts at the bankrupt tax payer bailed out RBS should be transferred to a tax payer owned bad bank (i.e. added to UK national debt) so that RBS can then be floated onto the stock market and that the politicians can thus announce that they made a profit for the tax payers.
Wednesday, March 06, 2013
Banksters Obtuseness, And What Might Be Done About It? / Economics / Banksters
By: Brian_Bloom
The world economy has become moribund. “Money” does not power the economy. It merely acts as grease for the economic wheels. For some reason, the banksters are obtusely refusing to see this. Perhaps they don’t fully understand. Perhaps the lobby groups who are influencing political decisions don’t want them to see/understand. Perhaps they do understand but don’t know what to do about it. Whilst the Long Economic Wave may be bottoming – at least in the US – the next “upswing” will very likely not resemble previous upswings. There has been a chronic dilution of the potency of the forces that drove the Industrial Revolution which commenced in the mid 1700s. In this context, we cannot apply historical thought paradigms to future planning. A new mindset must evolve. The longer it takes for the decision makers to recognise this, the more difficult it is going to become to address the core issues.
Wednesday, February 20, 2013
British Gas Shares - How the Bankers Conned Sid / Companies / Banksters
By: Paul_Tustain
What happens when you mix politicians, bankers and private "retail" investors...?
I am reminded of this story by Vince Cable. The UK's Business Secretary seeks to offload the British government's shares in Royal Bank of Scotland (RBS) by giving them to something like 30 million British taxpayers.
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Sunday, February 17, 2013
Obama's Next Big Housing Market Giveaway to the Bankster Mafia / Politics / Banksters
By: Mike_Whitney
For those who missed President Obama’s latest giveaway to the Bank Mafia, we’ll repeat what he said here. This is an excerpt from Tuesday’s State of the Union Speech:
“Part of our rebuilding effort must also involve our housing sector. Today, our housing market is finally healing from the collapse of 2007. Home prices are rising at the fastest pace in six years, home purchases are up nearly 50 percent, and construction is expanding again.
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Sunday, February 17, 2013
Why Bankers Rule the World - It’s the Interest, Stupid! / Politics / Banksters
By: Ellen_Brown
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.
Saturday, February 16, 2013
The Real New World Order is Bankers Taking over the World / Politics / Banksters
By: John_Kozy
How quickly best laid plans become passé. New world orders come, it seems, as frequently as eclipses.
The old world order (ancien régime), along with 16 million people, died during the Great European War which began on June 28, 1914 when the Austrian heir to the throne, Archduke Franz Ferdinand, was assassinated by a Serb nationalist, Gavrilo Princip, in Sarajevo. (Today he would be called a terrorist.) This assassination sent nations that had no desire to go to war into the most destructive war the world had yet experienced.
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