Submitted on 03/31/2014 PITCHFORKS COME OUT AS CHINESE BUST KLEPTOCRATS By RUSS WINTER Unlike in the West, being a kleptocratic crook in China is now becoming a higher risk proposition. One gets the sense that as the credit monster collapses in China, and as auntie’s wealth management product is shown to be a loss, out will…
Citibank Fails Fed Stress Test … The REAL Story Bank of America… Citigroup …Federal Deposit Insurance Corporation… Federal Reserve… Goldman Sachs Royal Bank of Scotland …Shadow Banking…. Bloomberg reports that Citigroup has failed the Fed’s new round of stress tests: Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress…
When people talk about the concept known as “too big to fail” or “TBTF,” they generally are referring to the idea that the government is bailing out a private bank and its shareholders. The $10 per share paid to the Bear, Stearns equity holders is a case in point. The big banks, so the saying…
A Syrian woman looks over Damascus
‘Collapse’ of Modern Civilization a Real Possibility ‘Ecological strain’ and ‘Economic stratification’ could bring global downfall, researchers warn Prophecies of impending doom go back a long way, but this one has the extra cachet of backing by NASA. “Ecological strain” and “economic stratification” could lead to the global fall of modern civilization within decades, researchers…
L’Wren Scott dead at 49: Designer and Mick Jagger girlfriend found hanged in apparent suicide as records show she was $6M in debt Scott was found hanging from a doorknob Monday morning, and police said they believed her death was a suicide. ‘Everyone thought she had a perfect life but when you would chat to…