4 days ago by ZeroHedge.com

In all the excitement over the December 21 LTRO, Europe forgot one small thing: since it is the functional equivalent of banks using the Discount Window (and at 3 years at that, not overnight), it implies that a recipient bank is in a near-death condition. As such, the incentive for good banks to du ...

6 days ago by bryan1776

By Tom Braithwaite and Ajay Makan, Financial Times Three years ago Wall Street employees flocked to Washington, attracted by the energising rhetoric of Barack Obama, the call of public service and the sudden dearth of jobs in the financial sector. In the chaotic first days of the Obama administratio ...

32 days ago by BusinessAlsoRun

23 Aug, 2011 - 'Mr. President,' I said, 'we're going to move quickly and take them by surprise. The first sound they'll hear is their heads hitting the floor.' - I went home exhausted, had a quick dinner with my wife, Wendy, and went to bed at 9:30p.m. (I'm an 'early to bed, early to rise' fellow. I ...

40 days ago by dinsfla

Those of you who’ve had any dealings with Ameriquest may find this interesting… Via William McCloskey William McCloskey worked for Ameriquest from November 2004 till March 2005. William was fired after he reported illegal activity behind the walls of his Ameriquest branch, which virtually mirrored a ...

40 days ago by Tradebankerstyle.com

Submitted by Tyler Durden on 01/01/2012 05:30 -0500 Capital Markets ETC European Central Bank Exchange Stabilization Fund Hank Paulson Hank Paulson International Monetary Fund Keynesian economics Monetary Policy New York Fed None President's Working Group Reality Reflexivity Russell 2000 Unemploymen ...

40 days ago by Henry Oliner

The Greatest Trade Ever by Gregory Zuckerman is the story of John Paulson and a handful of other traders who took positions against the mortgage market and made fortunes in a very short period of time. Their primary method was to buy credit default swaps. These swaps acted as insurance against the d ...

44 days ago by yogita

Meltdown: The Secret History of the Global Financial Collapse narrates the story of the bankers who crashed the global economy, the leaders who did not manage to save it and the ordinary families who were badly impacted by it all. Doc Zone travelled from Wall Street to Dubai to China to investigate ...

46 days ago by OldMan1

December 26, 2011 Ex-Goldman Sachs CEO Hank Paulson was Treasury Secretary before and during the financial crisis in 2008. In that position, he was the most influential person on getting President George W. Bush to go along with using taxpayer money to bail out his friends on Wall Street. Now we kno ...

46 days ago by OldMan1

December 26, 2011 Ex-Goldman Sachs CEO Hank Paulson was Treasury Secretary before and during the financial crisis in 2008. In that position, he was the most influential person on getting President George W. Bush to go along with using taxpayer money to bail out his friends on Wall Street. Now we kno ...

55 days ago by Larry Doyle

What do we think of the SEC’s attempt to pursue former Freddie and Fannie CEOs Richard Syron and Daniel Mudd? Is this a fully legitimate pursuit of justice against these executives? Could there be more than a whiff of political motivation on the part of the current administration buried in this purs ...