Fox News Scientologist Greta Van Susteren Goes Off About The DOJ Settlement W/ Banks Over Libor Rigging Watch the latest video at video.foxnews.com I normally don’t link to Fox for their news stories because as we all know the information Fox “News” puts on the air isn’t exactly news. However, there seems to be a […]
Deutsche Bank Fined $2.5B For Scheming With Other Banks Deutsche Bank on Thursday became the latest big bank to settle accusations that it contributed to rigging Libor interest rates. The London Interbank Offered Rate, the interest rate of choice for trillions of dollars in municipal bonds, mortgages, student loans and other debt. To settle the […]
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 […]
Financially Ignorant Political Leaders Are Costing Taxpayers Billions Of Dollars Since starting MFI-Miami five years ago, I have attempted to talk to countless politicians on the state and local level about the financial crisis and it’s long-term impact on local municipalities. These financially ignorant political leaders respond with a confused dog look and respond with, […]
UBS, BofA, and JPMorgan Pocketed $474 Million As Detroit Descended Into Financial Chaos By LIBOR Rigging “Even in the worst of times someone turns a profit.” – Ferengi Rule of Acquisition #162 As the downtrodden African-Americans and whites who make up what’s left of the City of Detroit’s 700,000 resident are about to have their fundamental human […]
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