Group Think, Duct Tape and Slam Dunks
Matt Taibbi True Slant Caught On Tape: A Naked Swindle Continuing with the theme of naked short-selling, I have a video that was given to me last week that will allow people to see how naked short-selling can take place. This video is only 31 seconds long and what it shows is a day-trader trying […]
MoreDEALSCAPE Citigroup Inc. (NYSE:C) apparently doesn’t have an exit strategy to pay back the $45 billion in Troubled Asset Relief Program (TARP) funds the government gave it. Is this really a shocker? Earlier this week, Bank of America Corp. (NYSE:BAC) and Wells Fargo & Co. (NYSE:WFC) both discussed ways to eventually pay back their bailout […]
MoreF R O N T L I N E In Breaking the Bank, FRONTLINE producer Michael Kirk (Inside the Meltdown, Bush’s War) draws on a rare combination of high-profile interviews with key players Ken Lewis and former Merrill Lynch CEO John Thain to reveal the story of two banks at the heart of the financial […]
MoreREUTERS Mon Jul 6, 2009 5:59pm EDT WASHINGTON (Reuters) – The U.S. Federal Reserve, facing growing pressure as it tries to heal the ailing economy, dodged a bullet on Monday when the U.S. Senate cast aside a new effort to increase scrutiny of the central bank. On procedural grounds, the Senate blocked a bid to […]
MoreThe Quiet Coup The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of […]
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