Category Archives: Main Page

Today bank stocks are bid as JP Morgan reported its much gamed Q1 earnings ‘beat’ of lowered profit growth expectations.  We will know we have come through this crazy lawless time, when the masses and policy makers speak of today’s … Continue reading →

The plot thickens.  Interesting… Birkenfeld, an American citizen, was a banker working at UBS in Switzerland when he approached the U.S. government with information on massive amounts of tax evasion by Americans with secret accounts in Switzerland. By the end … Continue reading →

Over the past 20 years, as ‘financialization’ swept the world and credit securitization and derivatives became all the rage, originators and sellers extracted trillions by swapping out cash and leaving ‘iou’s’ (debt) in the drawers of most institutions, companies, governments … Continue reading →