Excerpt: For years treasury secretary Tim Geithner lectured Europe on the need to rescue banks as a prerequisite for rescuing economies – and look at the US economy now America’s banks are bigger than ever. JP Morgan Chase, Bank of … Continue reading
A stunningly good article about continued rampant criminality on Wall Street, approved by our venal, corrupt elected. MF Global: The Untold Story of the Biggest Wall Street Collapse Since Lehman Excerpts: Only on Wall Street can you bankrupt a company; … Continue reading
(Click on the image for larger size.) “Bank of America, J.P. Morgan and Wells Fargo now have 33% of all U.S. deposits, up from 21% in mid-2007-the fastest shift of such a large chunk of deposits in U.S. history. The … Continue reading