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 […]

Brooklyn Ponzi Scheme

LIBOR Rigging & Complex Derivatives By UBS Contributed To Detroit’s Demise

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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