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Monthly Archives: March 2014
New report: DOJ has not cracked down on financial crimes
No surprise here… Despite a public promise and Presidential directive to crack down on mortgage fraud along with a $196 million funding increase to do so, a new report by the internal watchdog at the US Department of Justice (DOJ) … Continue reading
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QE asset recovery. Great, now what?
With stock markets off to a rough start for the year, long-always prophets have been prominently featured assuring ‘little folks’ that all is well and the financial wizards have capital risk all under control. Valuations off the charts? Dividends pathetic? … Continue reading
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Has the last sucker been sucked in?
Levered algo traders have had enjoyed a lucrative business model over the past 2 years as QE belief swept the world: ramp it (risk prices) and they (a gullible public) will be sucked in. With FX traders dumping the Yen … Continue reading
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