Keyword: bankers

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  • Connecticut life insurance executive stabbed to death running near her home: cops (VIDEO)

    11/24/2014 11:08:41 AM PST · by george76 · 59 replies
    NEW YORK DAILY NEWS ^ | November 24, 2014 | JASON MOLINET
    A popular bike path became the scene of a gruesome murder late Thursday when a life insurance executive was killed while running near her Connecticut home. Melissa Millan, 54, a triathlete and mother of two, was found stabbed at about 8 p.m. in the Hartford suburb of Simsbury, Conn. Police have stepped up patrols of the bike path and scoured the area on Saturday, but no suspect has been named and the murder weapon has not been recovered, WFSB reported. Millan, a senior vice president who had been with MassMutual Financial Group since 2001, was transported to an area hospital,...
  • Citigroup banker found dead with throat slit in swanky apartment (New York)

    11/19/2014 3:04:35 PM PST · by dynachrome · 88 replies
    NY Post ^ | 11-19-14 | Kevin Dugan, Erin Calabrese and Beckie Strum
    here was no knife recovered at the scene, leading officials to suspect the death was not a suicide, and they were trying to determine who had access to his apartment. One-bedroom apartments at the building are listed at more than $1 million.
  • ROBBER BARON BANKERS: Scam $1.3 Quadrillion/yr

    11/14/2014 9:06:30 AM PST · by ednoonan7 · 8 replies
    American Resistance Party ^ | Nov 14, 2014 | Edward C Noonan
    PRESS RELEASE NOVEMBER 14, 2014 ROBBER BARON BANKERS: Scam $1.3 Quadrillion/yr November 14, 2014 – Reuters reported yesterday: “Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation. HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), JP Morgan (JPM.N) and Bank of America (BAC.N) also face penalties resulting from the inquiry that has put the largely unregulated $5 trillion-a-day market on a tighter leash, accelerated the push to automate trading and ensnared the Bank of England.” See:...
  • Former Goldman Banker Reveals The Path To The Next Depression And Stock Market Collapse

    11/12/2014 6:26:38 AM PST · by blam · 17 replies
    Zero Hedge ^ | 11-12-2014 | Tyler Durden
    Tyler Durden 11/11/2014 A funny thing happened on the way to the ‘end’ of the multi-trillion dollar bond buying program known as QE - the Fed chronicles. Aside from the shift to a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ) as I wrote about earlier, what lingers in the air of “post-taper” time is an absence of absence. For QE is not over. Instead, in the United States, the process has simply morphed from being predominantly executed by the Federal Reserve (Fed) to being executed by its major private bank members. Fed Chair,...
  • Goldman Sachs managing director, 39, found dead after kiteboarding accident

    07/24/2014 12:57:29 PM PDT · by Nachum · 39 replies
    Daily Mail ^ | 7/21/14 | Daily Mail Reporter
    A Goldman Sachs managing director has died following an apparent kiteboarding accident, police said. The body of 39-year-old Nicholas Valtz was found floating off Lazy Point in Napeague Harbor, Long Island, on Sunday. The amateur kiteboarder was still attached to his kite, while his gear was scattered in a grassy area of the harbor. The East Hampton Star reported the Brooklyn resident went kiteboarding early in the morning. When he failed to return by 2pm, relatives he was staying with at a Bridgehampton home called police. 'We’re deeply saddened by this tragedy and our thoughts are with Nick’s family,' Goldman...
  • Art World in Review (Fine ART -the bankers' new toilet)

    05/28/2014 5:37:17 PM PDT · by Yollopoliuhqui · 3 replies
    Art World in Review ^ | May 28, 2014 | Peter Dobey
    It is a rare occurrence for conversations about contemporary art to happen outside of the insular circles of the art world. Contemporary art, by and large, exists as a bubble. So it should come as no great surprise that other “bubbles” are the only thing that may collide with contemporary art. Like, for instance, the elite insider world of high finance that purchases much contemporary art at auction. Last week, one such collision came to light when Credit Suisse was criminally convicted for assisting tax evasion and further revealed what more and more people realize: art can be quite the...
  • Body of missing New Jersey jogger, banker found in Hudson River: family

    05/08/2014 4:43:51 AM PDT · by Renfield · 18 replies
    New York Daily News ^ | 4-30-2014 | Nina Golgowski
    Nearly a month after Andrew Jarzyk went missing his family, at long last, has been given some amount of closure. The 27-year-old's family has confirmed that a body found in the Hudson River on Monday is that of the Hoboken, N.J., jogger and banker who had been missing since the early hours of April 1. But despite his body's recovery, his family says his death and disappearance is still deeply shrouded in mystery. "At this time we do not have answers into why Andrew's life ended at such a young age. Please be accepting to the fact we may never...
  • Guess Who Makes More Than Bankers: Their Regulators

    04/22/2014 7:22:47 AM PDT · by SeekAndFind · 2 replies
    Wall Street Journal ^ | 04/22/2014 | PAUL KUPIEC
    Long before George Bailey wrestled with Mr. Potter in "It's a Wonderful Life," the public decried the pay of top executives in large financial institutions. Overpaid bank executives are the villains in regulatory morality tales and feed distorted public perceptions about bankers' pay. It is true that the very top bank executives make more in a year than most of us make in a lifetime, but compensation of this magnitude is rare. Most banks in this country are small businesses and pay employees modest salaries. The Bureau of Labor Statistics reports that the average annual salary of a bank employee...
  • All the Presidents' Bankers: The Hidden Alliances that Drive American Power

    04/14/2014 8:05:08 AM PDT · by Yollopoliuhqui · 12 replies
    Amazon ^ | recent | Nomi Prins
    Who rules America? All the Presidents’ Bankers is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history. Culled from original presidential archival documents, All the Presidents’ Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics—or greed driving bankers. Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships...
  • ABN Amro Ex-CEO Found Dead

    04/05/2014 9:55:58 PM PDT · by Nachum · 34 replies
    zero hedge ^ | 4/5/14 | tyler durden
    A mere two weeks since former JPMorgan banker, Kenneth Bellando jumped to his death, Bloomberg reports that the former CEO of Dutch Bank ABN Amro (and his wife and daughter) were found dead at their home after a possible "family tragedy." This expands the dismal list of senior financial services executive deaths to 12 in the last few months. The 57-year-old Jan Peter Schmittmann, was reportedly discovered by his other daughter when she arrived home that morning. Police declined to comment on the cirumstances of his (and his wife and daughter's) death. This is not the first C-level ABN Amro...
  • Suicide Banker's Widow Blasts Alleged "Cover-Up", Asks "Unbecoming Questions"

    04/03/2014 9:04:43 AM PDT · by Nachum · 6 replies
    zero hedge ^ | 4/3/14 | tyler durden
    Having changed her Facebook profile picture to a "V...for Vendetta" face mask, the widow of former Zurich Insurance CFO Pierre Wauthier said she and her family cannot accept Zurich’s claim that his death wasn’t brought on by undue stress. As Bloomberg reports, Switzerland’s biggest insurer said in November that no “undue pressure” was put on Wauthier, who said in a suicide note that then-Chairman Josef Ackermann had created an unbearable working environment. But, his wife is demanding to know why her husband's former boss resigned if he had not accepted blame for the death, and why details of tensions at...
  • Banker leaps to his death in finance world’s 8th suicide this year

    03/18/2014 5:43:16 AM PDT · by Tolerance Sucks Rocks · 68 replies
    The New York Post ^ | March 17, 2014 | Michael Gray
    A 28-year old Manhattan investment banker has died after an apparent suicide, police sources said. Kenneth Bellando, who worked at Levy Capital since January, was found dead on the sidewalk outside his East Side building on March 12, after allegedly jumping from the sixth-story roof, sources said. Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top Chief Investment Officer with JPMorgan, works on risk exposure valuations.
  • Does The Trail Of Dead Bankers Lead Somewhere?

    02/24/2014 5:27:39 PM PST · by ilovesarah2012 · 47 replies
    theeconomiccollapseblog.com ^ | February 18, 2014 | Michael Snyder
    What are we to make of this sudden rash of banker suicides? Does this trail of dead bankers lead somewhere? Or could it be just a coincidence that so many bankers have died in such close proximity? I will be perfectly honest and admit that I do not know what is going on. But there are some common themes that seem to link at least some of these deaths together. First of all, most of these men were in good health and in their prime working years. Secondly, most of these "suicides" seem to have come out of nowhere and...
  • What’s Behind The Growing Pile Of Dead Banker Bodies? Here's a background of some of the dead...

    03/01/2014 8:24:03 PM PST · by SeekAndFind · 31 replies
    Personal Liberty ^ | 02/25/2014 | Bob Livingston
    It’s become a health hazard to be a banker. What evil lurks beneath the pile of bodies?In growing numbers, the bodies of bankers are piling up in the streets — at least eight global financial types in recent weeks (and five others in the past year). And a financial reporter for The Wall Street Journal walked out of his house and mysteriously hasn’t been seen or heard from in weeks.So what gives? Three of the bankers worked for JPMorgan. One worked for Deutsche Bank AG. Others for companies not so prominent, i.e., not “too big to fail,” but possibly...
  • Alarming Spate of Suicides, Mysterious Deaths Among Bankers Worldwide Prompt Speculation

    02/28/2014 2:30:47 PM PST · by SeekAndFind · 42 replies
    Christian Post ^ | 02/28/2014 | Nicola Menzie
    There have been several prominent news reports on the sudden and mysterious deaths of several bankers and businessmen from around the world since January, leading some to speculate that the deaths point to economic trouble on the horizon and others to suggest that work-related pressures likely played a part, as suicide has been a factor in many of these cases. The latest mysterious case reported is that of James Stuart Jr. Stuart, a former CEO of National Bank of Commerce whose career path includes time at Citibank and First Commerce Bancshares. He was found dead on Feb. 19 with no...
  • Why Young Bankers Are So Miserable

    02/19/2014 4:27:35 PM PST · by SeekAndFind · 6 replies
    Business Insider ^ | 02/18/2014 | KEVIN ROOSE, THE ATLANTIC
    Over a few beers after work one spring evening, two junior Goldman Sachs employees started contemplating the best ways to kill themselves. “If the goal is, like, how do I inflict maximum psychological damage, then I think just going up to your desk and blowing your brains out in the middle of the day would be the best,” said Jeremy Miller-Reed, 23. “Nah,” said Samson White, 22. “You know what would happen? All the other analysts would get an e-mail from the associates saying, ‘Can you guys clean this up?’ And then everyone would go back to work.” Jeremy and...
  • Does The Trail Of Dead Bankers Lead Somewhere? Why the Sudden Rash of Banker Suicides?

    02/19/2014 4:06:26 PM PST · by SeekAndFind · 29 replies
    TEC ^ | 02/18/2014 | Michael Snyder
    What are we to make of this sudden rash of banker suicides? Does this trail of dead bankers lead somewhere? Or could it be just a coincidence that so many bankers have died in such close proximity? I will be perfectly honest and admit that I do not know what is going on. But there are some common themes that seem to link at least some of these deaths together. First of all, most of these men were in good health and in their prime working years. Secondly, most of these "suicides" seem to have come out of nowhere and...
  • 33-year-old banker leaps to his death from JPMorgan’s Hong Kong headquarters, latest in string....

    02/18/2014 9:15:33 AM PST · by BRK · 83 replies
    JPMorgan banker jumps from Hong Kong headquarters A 33-year-old man jumped to his death from the skyscraper roof of U.S. investment bank JPMorgan Chase & Co’s Asia headquarters on Tuesday, police said. JP Morgan has confirmed that the man who jumped was an employee at the firm with the last name Li. He was a junior investment banker.
  • FDR's Raw Deal Exposed

    08/30/2003 11:59:46 AM PDT · by Cathryn Crawford · 374 replies · 5,653+ views
    Chicago Sun-Times ^ | 9.30.03 | Thomas Roeser
    FDR's Raw Deal Exposed August 30, 2003 BY THOMAS ROESER For 70 years there has been a holy creed--spread by academia until accepted by media and most Americans--that Franklin D. Roosevelt cured the Great Depression. That belief spurred the growth of modern liberalism; conservatives are still on the defensive where modern historians are concerned. Not so anymore when the facts are considered. Now a scholar at the libertarian Cato Institute has demonstrated that (a) not only did Roosevelt not end the Depression, but (b) by incompetent measures, he prolonged it. But FDR's myth has sold. Roosevelt, the master of the...
  • How the Paper Money Experiment Will End

    12/13/2013 1:18:46 PM PST · by Errant · 46 replies
    Zero Hedge ^ | 12/13/13 | Tyler Durden
    A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the money supply is almost irresistible. In such a system with a constantly increasing money supply and, as a consequence, constantly increasing prices, it does not make much sense to save in cash to purchase assets later. A better strategy, given this scenario, is to go into debt to purchase assets and pay back the debts later with a devalued currency. Moreover, it makes sense to purchase assets that can later be pledged as collateral to obtain further bank loans....
  • UK has 75 percent of EU’s millionaire bankers

    12/01/2013 10:51:46 PM PST · by Olog-hai · 5 replies
    EU Observer ^ | 01.12.13 @ 08:43 (Dec. 1) | Benjamin Fox
    More than 75 percent of Europe’s banking millionaires are based in the UK, according to a report by the EU’s bank watchdog. More than 2,700 UK-based bankers were paid more than €1 million in 2012, compared to a further 794 across the rest of the EU. Germany was a distant second with 212, followed by France with 177. Ten EU countries had no banking millionaires. The data, contained in the London-based European Banking Authority annual “High Earners” report, reveal the extent of the UK’s dominance of the banking rich-list. …
  • Corrupt Bankers Looted Companies And Customers

    07/28/2013 5:36:04 PM PDT · by jespasinthru · 12 replies
    Sarasota Herald-Tribune ^ | 07/28/2013 | jespasinthru
    Confidential reports from state regulators show how Florida bankers made risky bets, broke the law, enriched themselves and their friends, and hurt their own institutions....and got away with it.
  • Kennel owner takes gamble on dog business

    07/18/2013 7:17:15 AM PDT · by afraidfortherepublic · 14 replies
    Glendale Now ^ | 7-18-13 | Michael Meidenbaur
    Dog Tired Dogs cage-free setting offers owner new beginning Glendale — Downsized and downtrodden, Susan Taylor was in life's doghouse. Decades ago, she had been in the prosperous business of supplying ingredients to Milwaukee's brewers. As that business began to taper off in the 80s and 90s, Taylor was one of many shown the door when her employer was snapped up by a larger company. Suddenly outside an industry for which she had cultivated a particular skill set, Taylor went on a 15-year "journey to find out what to do with my life" — a long and difficult journey that...
  • GDP ranking, PPP based (World Bank issued global rating for 2012)

    07/15/2013 2:20:37 AM PDT · by cunning_fish · 8 replies
    Gross domestic product 2012, PPP (millions of Ranking Economy international dollars) 1 United States 15,684,800 2 China 12,470,982 3 India 4,793,414 4 Japan 4,490,681 5 Russian Federation 3,380,071 6 Germany 3,307,873 7 Brazil 2,365,779 8 France 2,354,874 9 United Kingdom 2,264,751 10 Mexico 2,015,281
  • Obama's war chest filled with Hollywood gold (DNC Keynote Speaker)

    07/17/2004 6:38:56 AM PDT · by Land_of_Lincoln_John · 1 replies · 896+ views
    AP via Daily Southtown ^ | July 17, 2004 | Dennis Conrad
    WASHINGTON — Barack Obama, the U.S. Senate candidate from Chicago who has become the Democratic Party's latest rising star, is drawing enough support from the entertainment industry to put on his own variety show. From comedian Chris Rock to singer Barbra Streisand to musician Herbert Hancock, entertainers have written out checks of $1,000 or $2,000 to help the 42-year-old Illinois state senator win the seat being vacated by retiring GOP Sen. Peter Fitzgerald. Film directors Rob Reiner ("The American President") and Edward Zwick ("The Last Samurai" and "Courage Under Fire") both contributed in the past three months, according to Obama's...
  • Police Departments Beg And Barter For Ammo While DHS Buys Up 1.6 Billion Rounds In Past Year

    03/22/2013 9:24:47 AM PDT · by AngelesCrestHighway · 119 replies
    CNSNews.com ^ | 03/22/2013 | Gregory Gwyn-Williams, Jr.
    The nationwide shortage of ammunition has left many police departments scrambling to get their hands on the necessary rounds - with some even bartering among each other. Meanwhile, Rep. Timothy Huelskamp (R-Kansas) says the Department of Homeland Security (DHS) has failed to respond to multiple members of Congress asking why DHS bought more than 1.6 billion rounds in the past year. Police Chief Cameron Arthur of Jenks, Oklahoma says, "Ammunition and assault weapons in general have skyrocketed...In addition to the fact, not only is it a lot more expensive, but the time to get it could be six months to...
  • Iceland Dismantles Corrupt Gov’t—Arrests All Rothschild Bankers

    02/22/2013 9:37:06 AM PST · by Mortrey · 84 replies
    Daily/Paul ^ | 22 Feb 2013 @ 10:21 | Sard
    Not only have they been successful, at overthrowing the corrupt Gov’t, they’ve drafted a Constitution, that will stop this from happening ever again. That’s not the best part… The best part, is that they have arrested ALL Rothschild/Rockefeller banking puppets, responsible for the Country’s economic Chaos and meltdown.
  • Fiscal Farce, Failure, Fantasy, & Fornication

    01/18/2013 2:24:00 PM PST · by johnsmom · 1 replies
    The Burning Platform ^ | 1/18/2013 | Administrator
    Excerpted "After witnessing the fighting of undeclared never ending wars, passage of freedom destroying legislation like the Patriot Act & NDAA, approval of pork barrel spending to the tune of hundreds of billions, rule by Executive Order, using ZIRP to extract hundreds of billions from senior citizen savers and give it to criminal Wall Street banks, forcing the American people at gunpoint to replenish the Wall Street banks with $700 billion after they had committed the greatest financial fraud in history, and a continuing trampling of the U.S. Constitution, the American people continue to remain willfully ignorant of the truth....
  • Anti-Jihad Ads Considered Constitutional

    10/01/2012 2:02:13 PM PDT · by Cindy · 67 replies
    COLLEGIAN.csufresno.edu - Top Opinion Story ^ | September 24, 2012 | Liana Whitehead
    SNIPPET: "New York City is the center of a public uproar as Internet blogger Pamela Gellar rises with an “anti-jihad” ad campaign." SNIPPET: "Gellar and her group are protesting the Jihad, which in definition is the religious duty of Muslims. According to the Dictionary of Islam, jihad is defined as “A religious war with those who are unbelievers in the mission of Muhammad . . . enjoined especially for the purpose of advancing Islam and repelling evil from Muslims.” The literal meaning of jihad, according to the British Broadcasting Network, “is struggle or effort, and it means much more than...
  • Exclusive: Iranian hackers target Bank of America, JPMorgan, Citi

    09/21/2012 3:44:31 PM PDT · by dynachrome · 7 replies
    reuters.com ^ | 9-21-12 | Reuters
    Iranian hackers have repeatedly attacked Bank of America Corp (BA.N), JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) over the past year, as part of a broad cyber campaign targeting the United States, according to people familiar with the situation. The attacks, which began in late 2011 and escalated this year, have primarily been "denial of service" campaigns that disrupted the banks' websites and corporate networks by overwhelming them with incoming web traffic, said the sources. Whether the hackers have been able to inflict more serious damage on computer networks or steal critical data is not yet known. The...
  • Who really unchained Wall Street?

    08/16/2012 7:29:21 AM PDT · by SeekAndFind · 7 replies
    American Thinker ^ | 08/16/2012 | Jean-Claude Groulx
    In keeping with the left's blaxploitation enterprise, white Northerner Joe Biden feigned the hemistichical rhythm of a Southern black preacher for his largely black audience in Virginia yesterday: "They've said it. Every Republican's voted for it. Look at what they value and look at their budget and what they're proposing. Romney wants to let the-he said in the first 100 days, he's going to let the big banks once again write their own rules. Unchain Wall Street! They gawn' put y'all back in chains." For all the bluster of Obama, pre- and post-2008, as well as that of Attorney General...
  • Banker Plan Would Fund Super-PACs to Sway Senate Races

    09/05/2012 5:20:37 AM PDT · by Zakeet · 3 replies
    Bloomberg | September 5, 2012 | Robert Schmidt and Phil Mattingly
    Link only as per Bloomberg requirements Gist of Article: American Banking Association, led by former Oklahoma Governor Frank Keating, is setting up a huge PAC with secret bank donors to sway senate elections with the hope of killing Dodd-Frank, among other things. Most of the money will probably headed toward the GOPe.
  • Obama’s Swiss Banker

    04/24/2012 4:00:35 PM PDT · by Brad from Tennessee · 3 replies
    The WASHIGTON FREE BEACON ^ | April 24, 2012 | By Andrew Stiles
    One of President Obama’s largest financial backers is a key executive at the largest Swiss bank in the world, complicating his criticism of presumptive Republican nominee Mitt Romney. Robert Wolf is president of Swiss financial giant UBS Investment Bank and chairman of UBS Americas. He has been one of Obama’s most prolific fundraisers dating back to 2006, when the former Senator from Illinois initiated his run for the White House. Wolf has bundled more than $500,000 for the president’s reelection, campaign records show. He is but one of many wealthy bankers Obama has turned to in an effort to win...
  • Jailed for $ 280. The Return of Debtors' Prisons

    04/26/2012 7:39:45 AM PDT · by ex-Texan · 96 replies
    CBS Money Watch ^ | April 23, 2012 | Alain Sherter
    How did breast cancer survivor Lisa Lindsay end up behind bars? She didn't pay a medical bill -- one the Herrin, Ill., teaching assistant was told she didn't owe. "She got a $280 medical bill in error and was told she didn't have to pay it," The Associated Press reports. "But the bill was turned over to a collection agency, and eventually state troopers showed up at her home and took her to jail in handcuffs." Although the U.S. abolished debtors' prisons in the 1830s, more than a third of U.S. states allow the police to haul people in who...
  • 'I have to do my dishes by hand': Outrageous quotes of Wall Street bankers..

    03/01/2012 6:19:56 AM PST · by C19fan · 14 replies · 2+ views
    UK Daily Mail ^ | March 1, 2012 | Staff
    Forget the one per cent. These guys are the WHINE per cent. Several Wall Street bankers and execs have come forward to voice their discontent about just how daunting it is to survive on their six-figure salaries in interviews with Bloomberg.com. Andrew Schiff, the communications and marketing director at Euro Pacific Capital, hates traffic just like most New Yorkers, but unlike most in the Big Apple, he’s feeling the crunch from a $350,000 salary. Mr Schiff told Bloomberg: 'The New York that I wanted to have is still just beyond my reach'.
  • Romney: 'I'm independent of Wall Street' ('cept for those other guys)

    01/08/2012 9:07:11 PM PST · by STARWISE · 12 replies
    CNN ^ | 1-6-12 | Gregory Wallace
    Mitt Romney sought on Friday to dispel any notion he is undesirably close to Wall Street, but said his business experience prepares him better than his rivals to be president. "I'm independent of Wall Street," the former Massachusetts governor told Bloomberg Television's Peter Cook in an interview. "By the way, I haven't ever worked on Wall Street. They were service providers to the business I was in, I was not in a Wall Street firm, although I was in financial services broadly."
  • Analysis: SEC targets low-level bankers, spares top execs

    11/15/2011 4:33:23 PM PST · by NormsRevenge · 6 replies
    Yahoo ^ | 11/15/11 | Aruna Viswanatha - Reuters
    WASHINGTON (Reuters) - The U.S. government is not taking advantage of an enforcement tool that could potentially hold top Wall Street figures accountable for their role in the recent financial crisis, despite its prior success. Broker-dealers, investment advisers, and others regulated by the Securities and Exchange Commission are required to supervise their representatives. If a trader engages in misconduct, the SEC can sue the management with "failure to supervise." But in some of the biggest cases the SEC has brought in recent months -- against units of JPMorgan, Goldman Sachs, and Citigroup -- the agency has sued only low-level bankers....
  • Occupy Wall Street and the Bankers

    10/20/2011 9:25:48 PM PDT · by Chuckmorse · 6 replies · 1+ views
    A Whig Manifesto ^ | October 21, 2011 | Chuck Morse
    The ugly language used by Occupy Wall Street activists and by liberals such as radio talk show host Thom Hartmann to describe bankers is disgraceful and dangerous. When one replaces the word “banker” with the word “Jew” in the Occupy Wall Street rhetoric, one glimpses at the true nature and intent of the assault. Simply put, the Nazis and the German Communists portrayed Jews in virtually the same light as Occupy Wall Street activists are now portraying bankers. In reality this is the same assault on private ownership as was the one engaged in by the 20th Centuries two great...
  • Great new idea from the Hollywood Left: Behead the bankers (Robespierre Rewound)

    10/03/2011 6:51:18 AM PDT · by SeekAndFind · 37 replies
    Hotair ^ | 10/03/2011 | Ed Morrissey
    Remember when the Tea Party threatened America with its latent violence, proven when a couple of union thugs beat up a rally attendee? Good times, good times. Via RCP, we now hear the counterpoint from the Hollywood Left, as Roseanne Barr appeared on Russia Today to lay out her vision of American politics. It’s not enough to occupy Wall Street — Barr wants to bring back the guillotine and start using it to redistribute the wealth:CLICK ABOVE LINK FOR THE VIDEO “Part of my platform is, of course, the guilty must be punished and that we no longer let our...
  • Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?

    07/19/2011 8:10:16 AM PDT · by bananaman22 · 4 replies
    OilPrice.com ^ | 07/18/2011 | Dr John C.K. Daly
    The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts. As the Republicans in Congress, scenting victory in the 2012 presidential elections, hold a gun to the Obama administration’s head and rating agencies consider downgrading U.S. government bonds in light of Washington’s possible defaulting, many ideas around the world that previously seemed implausible because of...
  • ‘Freaking Scary’: Anarchists Hit Washington State Newspaper & Home of Photographer

    06/11/2011 1:46:30 PM PDT · by Baynative · 115 replies
    The Blaze ^ | 6/11/11 | AP wire
    <p>OLYMPIA, Wash. (AP) — Authorities say The Olympian and one of the newspaper’s photographers were targets of vandalism that included anarchist graffiti and an acidic substance.</p> <p>Police said Friday graffiti was painted at the Tumwater, Wash., home of photographer Tony Overman. The words “Overman snitch” were painted on a newspaper delivery truck and an apparently acidic substance was thrown on the exterior of The Olympian’s building.</p>
  • We've Gone from a Nation of Laws to a Nation of Powerful Men Making Laws in Secret

    05/27/2011 9:52:39 AM PDT · by Nachum · 2 replies
    zero hedge ^ | 5/27/11 | George Washington
    Preface: Some defendants are no longer allowed to see the "secret evidence" which the government is using against them. See this and this. The U.S. Supreme Court has ruled that judges can throw out cases because they don't like or believe the plaintiff ... even before anyone has had the chance to conduct discovery to prove their case. In other words, judges' secret biases can be the basis for denying people their day in court, without even having to examine the facts. Claims of national security are being used to keep the shenanigans of the biggest banks an corporations secret,...
  • Blatant WSJ Revisionism Redlined

    05/10/2011 2:01:29 PM PDT · by cowtowney · 6 replies
    Zerohedge ^ | 5/102011 | Tyler Durden
    Yesterday, when we posted the full original letter submitted by True Finns leader Timo Soini titled "Why I Won't Support More Bailouts" as presented by the Wall Street Journal in verbatim, we were surprised that the WSJ, traditionally the bastion of various Fed interests (a topic previously dissected in "On The New York Fed's Editorial Influence Over The WSJ"), would allow such a truthy letter to appear on its pages. Today, courtesy of Karl Denninger who pointed out something glaringly disgusting, we were forced to look again at the letter as it now appears on the website of the WSJ....
  • Inflation Inferno I

    04/29/2011 12:56:11 PM PDT · by george76 · 22 replies · 1+ views
    Mises ^ | April 28, 2011 | George F. Smith
    Throughout history, governments have fought against the use of sound money. ... Governments can only wring so much money from their citizens through taxation without inciting civil disobedience, so they make friends with bankers, who have a way of making money appear from nowhere. The money they create isn't sound, but almost no one cares. For politicians, it's sound enough; it provides them with claim tickets to market wealth, which is all they want. Sound money would not cooperate in this manner. It does not emerge from central-bank policy decisions. Governments and bankers hate gold because its supply cannot be...
  • Bob Chapman confirms 80% cash settlements for silver

    04/24/2011 3:05:06 AM PDT · by Daisyjane69 · 67 replies
    you tube interview ^ | 4/15/11 | Bob Chapman (interviewed)
    If you want to cut right to the chase, start paying attention at the 4:00 minute mark. This 80% cash settlement for not taking physical delivery of silver contracts has been rumored for a while now. This is the first time I've seen someone with a name and some credibility seemingly confirm it.
  • PROSECUTING!

    01/23/2011 7:08:13 AM PST · by FromLori · 6 replies
    The Market Ticker ^ | 1/22/2011 | Karl Denninger
    Oops... it's not here.... Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation. Hoh hoh hoh...... Now we're talking. Investigations into the banking crisis, and they're actually going to lock up some banksters? Now that's progress. Speaking of progress, has anyone paid attention to the labor force participation rate in Iceland lately, or the change in unemployment, or the change in imports and exports? I wouldn't say their economy is "booming", but it sure looks pretty good...
  • Union Protesters Overwhelm Security and Barge Into Banking Meeting

    01/19/2011 12:53:29 PM PST · by blueyon · 45 replies
    The Blaze ^ | 01/19/11 | Jonathon M. Seidl
    A group of about 200 union protesters overwhelmed security at a Washington, D.C. hotel and barged into a mortgage banking meeting on Wednesday, according to the Huffington Post. HuffPo says protesters dressed in hardhats and overalls yelled “Where are the jobs?“ and ”Where is the money?“ as they pushed through security in a ”scrum” and burst into a conference room of stunned bankers. The protest was reportedly aimed at the Pulte Group — which protesters say has received $900 million in tax breaks but has not created a sufficient number of jobs. “Those tax breaks were supposed to create jobs,”...
  • Short Sales While in Foreclosure

    01/11/2011 4:04:44 AM PST · by hsmomx3 · 91 replies
    I recently found a full time job after almost two years of not being able to find one but our home is scheduled to be auctioned in February. I have heard different things and am not sure what to do. My parents, who live out of state, want to buy the house with cash, free and clear, not for them, but for me and the kids so we have a place to live. Is this possible? I have heard realtors say it is forbidden, while others say it could be done. I have not notified the agency who has our...
  • Meet The 35 Foreign Banks That Got Bailed Out By The Fed (And This Is Just The CPFF Banks)

    12/02/2010 1:22:10 AM PST · by quesney · 38 replies · 2+ views
    ZeroHedge ^ | ZeroHedge
    One may be forgiven to believe that via its FX liquidity swap lines the Fed only bailed out foreign Central Banks, which in turn took the money and funded their own banks. It turns out that is only half the story: we now know the Fed also acted in a secondary bail out capacity, providing over $350 billion in short term funding exclusively to 35 foreign banks, of which the biggest beneficiaries were UBS, Dexia and BNP. Since the funding provided was in the form of ultra-short maturity commercial paper it was essentially equivalent to cash funding. In other words,...
  • The economic crisis was an 'inside job'

    10/13/2010 6:35:54 AM PDT · by Sakity Yaks · 63 replies
    The Washington Post ^ | 8/13/10 | Kathleen Parker
    If you haven't been humming tunes from "Les Misérables," you haven't seen "Inside Job," the new documentary about how our economic crisis evolved. The most forgiving American will want to seize a pitchfork and march on Wall Street. Or Harvard Square. Or in front of the White House. There are so many despicable parties, it's hard to pick a favorite. Is it time to reconsider the Axis of Evil? The film, written and directed by Charles Ferguson (and narrated by Matt Damon), will be opening in select cities this week. Although much of the story is familiar, Ferguson manages to...