Is Chicago Going To Be The Next Detroit?

Wall Street Banks screwed major American cities like Chicago A few weeks ago, Ed Walker at Naked Capitalism wrote a piece about a white paper Saqib Bhatti of the Roosevelt Institute wrote last year detailing how Wall Street Banks screwed major American cities out of much needed cash. Bhatti claimed that cities are getting squeezed because […]

Deutsche Bank Probed Over Possible Libor Rate Manipulation

Jonathan Gould and Alexander Hübner, Reuters via Huffington Post Germany’s markets regulator has launched a special probe into Deutsche Bank over suspected manipulation of interbank lending rates, joining authorities around the globe investigating the world’s largest banks, two people familiar with the matter said on Friday. Investigators in the United States, Europe and Japan are examining […]

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