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N🙃 W🙃RRIES, Everything's Great!
BREAKING: US margin debt jumped by +$112 billion in May, to a record $1.42 trillion.
This marks the 2nd consecutive monthly increase, totaling +$195 billion.
Margin debt has surged +$495 billion, or +54%, over the last 12 months.
Adjusted for inflation, this metric rose +7.9%
Daily Archives: May 5, 2010
Easy money times are fertile soil for fraud
More evidence that Canadian real estate and Canadian banks have not escaped scandal amid the excessive lending and lax standards of the past few years. CBC reports a fraud suit just filed by BMO on a large fraud ring that … Continue reading
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Bill Black: Obama needs to use the "F" word about the banks
Bill Black spoke to Bill Moyer's Journal (in Moyer's last week with PBS, retiring at age 75): Watch the clip from April 23, 2010 here. “Fraud is deceit. And the essence of fraud is, “I create trust in you, and … Continue reading
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Meredith Whitney on Bloomberg radio
Meredith Whitney was a guest on Bloomberg radio last night discussing the shell game of the banks and the coming second wave of the US housing slump. About those insisting housing and credit have stabilized, beware she says “banks and … Continue reading
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