Former Deutsche Bank Executive

Deutsche Bank Fined $2.5B For Libor Rigging

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 […]

Chicago

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 […]

New York Fed Chief Levels Slams Big Banks

Shahien Nasiripour, Huffington Post The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the law, a potentially explosive charge against an industry already roiling from numerous government investigations into alleged wrongdoing. William Dudley, one of the nation’s top banking regulators […]

Detroit’s Financial Woes Are A Symptom Of Michigan’s Much Bigger Problem

Detroit’s Financial Woes Have Michigan Political Elites Accepting Failure As The #1 Option   “I see NOTHING! I know NOTHING!” -Sergeant Hans Schultz Since Detroit’s financial woes that have accumulated from 50 years of mismanagement and corruption caused it to officially file Chapter 9 bankruptcy last week every journalist and pundit has chimed in on the […]

JPMorgan Chase

Why Isn’t The Detroit Emergency Financial Manager Doing This?

Why Isn’t The Detroit Emergency Financial Manager Fighting The Banks Like This Alabama County? JPMorgan Chase agreed to forgive $842 million of debt owed by Jefferson County, Alabama.  The new agreement follows a $722 million settlement in 2009 with the U.S. SEC related to the Jefferson County financing. So why isn’t the Detroit Emergency Financial […]

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