Frontline: Money Power and Wall Street, Part 2 of 4
.Part 2
Watch Money, Power and Wall Street: Part Two on PBS. See more from FRONTLINE.
Frontline — Part 1 of 4
Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE.
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Just have a feel for the scale of the gigantic ‘too-big-to-fail’ derivatives “innovations” from the parasites called investment banks. (click here for infographic)
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The upshot: declining growth rates and declining ad sales per registered users. An interesting and intelligent take on Facebook growth and earnings (via Minionville).
As you can see, the numbers, particularly in advertising (which accounts for 82% of total revenues), are falling quickly.
Let’s hope that acceleration in payments revenue can start to pick up the slack.
And [...]
From fthebanks.com:
There are two things every American needs to know about Bank of America.
The first is that it’s corrupt. This bank has systematically defrauded almost everyone with whom it has a significant business relationship, cheating investors, insurers, homeowners, shareholders, depositors, and the state. It is a giant, raging hurricane of theft and fraud, spinning its [...]
I have been following financial markets on and off lately. The size and length of the rally all over the world is a bit of a surprise, but not out of the ordinary. I was looking for some clues as to where things are headed in the short term. Usually credit markets lead stocks. Financials [...]
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Update on Saturday, Nov 5: CME issued a clarification to its Friday’s release. Zero Hedge deciphers again:
The CME, it appears has taken a page right out of the European playbook, and less than a week after an exchange-cum-Primary Dealer collapsed due to excessive risk taking, the CME has followed up its vague press release from [...]
Jim Chanos is one of the few savvy observers of World economies and a successful hedge fund manager. He weighed in on China and Europen debt. The interview aired after the European leaders’ agreement on 50% haircut for Greek debt.
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The bozo recommended Netflix at $1340 with a target of $150. Netflix announced earnings today.
SAN FRANCISCO (AP) — Netflix jolted its already shell-shocked shareholders with a third-quarter financial report that portrayed a company in crisis.
Netflix’s blooper reel, released Monday, included an even larger customer exodus than the company had foreseen after announcing an unpopular price [...]
The Telegraph: Eurozone summit – despair and backbiting in the corridors of power
October 23, 2011 Comments Off
In case if you were betting that Europe will be fixed over the weekend… the headline says it all. Friday’s “breakout” in stocks could be a head-fake. Via Telegraph.
Just when the eurozone governments thought it could not get worse for Europe’s single currency, it did.
Shell-shocked EU finance ministers meeting in Brussels on Saturday were already [...]
Continue reading …The Nexus: Belgian Bank Dexia, Greece, The Federal Reserve and the Rest of the Banking Cabal
October 8, 2011 Comments Off
It is possible the many people have never heard of this Belgian Bank until recently. Even if you haven’t heard about it until you stumbled upon to this article, you can be forgiven. At the outset, this appears to be a complicated story. Or at least the apologists of the banking crime syndicate will tell [...]
Continue reading …Too Little Regulation of Banks, Too Much Regulation of Democratic Processes
October 4, 2011 1 Comment
Remember this Vanity Fair article: Of the 1%, by the 1% for the 1%? Professor Joseph Stiglitz was at the “Occupy Wall Street” rally and appeared on Lawrence O’Donnel’s show.
“Too little regulation of banks and too much regulation of the democratic processes.”
Well said, professor!
(I don’t agree with everything he said). Watch the interview.
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Visit msnbc.com for [...]
——————— Update ————–
Senator Dick Durbin said something very very irresponsible on the Senate floor. He encouraged a run on Bank of America!
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Does he even understand the consequence of his idiocy? Back in Spring of 2008, Senator Chuck Shumer encouraged a run on the Indy Mac bank and within days the bank [...]
** Oct 3, 2011: I am re-posting this Feb 2010 post for more light **
Yes, the former Federal Reserve Board Chairman, Greenspan is a crackpot! For over a dozen years, I was passionately making this case to anybody who cared to listen. Even today at lunch, my colleagues were joking with me about how much [...]
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