It seems that it is payday for the banksters. As a new bailout is being prepared by the Bank of England, there are questions about what, if any, actions will actually be taken to leave the European Union under the new prime minister, who actually ca
"You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before." Rahm Emanuel prophetic words were quickly put to use by Italy on Monday morning, which barely waited
More and more analysts and commentators have caught to the fact that the Powers That Be are actively preparing for the next financial crisis with even more extreme measures.
Historians of the future will note Yellen's smiling press conference in December of 2015 to announce the long-awaited rate hike as the beginning of the end for the dead cat bubble of the Global Financial Crisis.
After brief "where are they now" summaries scroll on the screen, moviegoers are left with the message that a new product is being offered on Wall Street that are CDOs but called by a different name. The message is clear, another financial mess is
If you subsidize something, you get more of it. Including debt and "free" money. Including the military-industrial complex. Including illegal immigration. And so on. Government subsidies are the prime tools of the central planners.
There is no shortage of villains in "The Big Short," but there are few heroes. Most of the not-exactly-villains were guys who saw that the iridescent real-estate bubble was "the giant lie at the heart of the economy,"
The actor, who stars in the financial drama "The Big Short," blasted bankers at a screening for the film on Monday.
Antony Jenkins, the former CEO of Barclays, has a nightmare vision for the future of big banks.
Big banks better start looking under the couch cushions. They need to come up with $1.2 trillion to fortify themselves from the next financial meltdown.
Fifteen of the biggest players in the $14 trillion market for credit insurance are also the referees...Firms such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. wrote the rules, are the dominant buyers and sellers and, ultimately, help decide w
The recent push to recapitalize Fannie Mae and Freddie Mac and release them from conservatorship is misguided.
We are a tax haven for wealthy foreigners with a low corporate tax rate and huge business subsidies. So why increase income taxes on working class residents?
The U.S. stock market is integral to the global financial system in two ways. Now that investment banks, pension funds, insurers and multitudes of 401K retirement plans are dependent oncurrent equity valuations, a crash would impair virtually the ent
The vice president of the St. Louis Federal Reserve Bank has admitted that the Fed's quantitative easing program has been a failure.
Banks accused of conspiracy to manipulate Treasury auctions that harmed both investors and borrowers
The Department of Education announced Monday that it is implementing a plan to forgive as much as $3.6 billion in student loans given to students attending schools affiliated with the defunct for-profit college chain Corinthian Colleges.
If the quadrillion dollar derivatives bubble implodes, who should be stuck with the bill? Well, if the "too big to fail" banks have their way it will be you and I. Right now, lobbyists for the big Wall Street banks are pushing really hard to in
Technology has leapfrogged the banking sector, rendering it as obsolete as buggy whips. So why are we devoting 9% of our economy to an obsolete parasite?
Susanne Posel, Chief Editor at THE US INDEPENDENT joins Gary Franchi to break down her investigation onto the recent ruling against Bank of America's Unconstitutional foreclosures... and what it means for you.
The above article explains that most of us do not realize that when you deposit money in a bank, that it becomes the property of the bank and we become unsecured creditors of the bank!
If true, it's a big revelation of the scope of power that the government held over GM during the worst days of the recession. Power and threats like that are often spoken of, though rarely in such explicit terms. Even still, there's not much of an ex
For 40 years, Shirley Moss has lived in the same home in a tiny southeast Missouri town, but as the sandbags piled up yet again, she didn't hesitate when asked if she would take a government buyout. "In a New York minute," Moss said from her doub
The Mashantucket Pequot Tribal Nation, which owns the Foxwoods Resort Casino in southeastern Connecticut, is among federally recognized tribes that, although considered “sovereign nations,” are seeking increased revenues through grants from the U.S.
The Economy Minister Luis de Guindos, said Sunday that it is "important" to reach agreement on the rescue of Cyprus "for the whole monetary union" and has warned of the "possibility of contagion" if the Euro fails tonight a "conclusive decisio
Home buyers beware: Bank of America is returning to the home loan market. According to the Wall Street Journal, BofA is “girding for a new run at the U.S. mortgage business.” It apparently wants to reclaim a share of the fat profits that rivals su
Steadily – and stealthily – Goldman Sachs is carrying out a global coup d’etat.
The U.S. Treasury Department and Federal Reserve need to stop using the benchmark interest rate known as Libor in financial rescue programs, as it might not be reliable and could put taxpayer dollars at risk, a federal watchdog said on Thursday.
Before the bailout of General Motors, it was well understood that the world’s largest automaker was losing huge amounts of money in the US and was staying afloat thanks to stronger performance in overseas markets. Since the bailout, however,
A123 Systems Inc. (AONE), the electric car battery maker that received a $249.1 million federal grant, filed for bankruptcy protection and said it would sell its automotive business assets to Johnson Controls Inc. (JCI)