Archive - Aug 22, 2015 - Story
Introducing The Gigantic And Dangerous Wall Street Loophole You’ve Never Heard Of
Submitted by Tyler Durden on 08/22/2015 11:30 -0500- Bank of America
- Bank of America
- Barack Obama
- Ben Bernanke
- Ben Bernanke
- Citigroup
- Cleary Gottlieb
- Commodity Futures Trading Commission
- Cronyism
- Department of Justice
- Elizabeth Warren
- Enron
- goldman sachs
- Goldman Sachs
- Hong Kong
- Janet Tavakoli
- Lehman
- Lehman Brothers
- Morgan Stanley
- Obama Administration
- Reuters
- Securities Industry and Financial Markets Association
- SIFMA
- Washington D.C.
The following story is guaranteed to make you sick. Once again, we’re shown that following trillions in taxpayer funded bailouts and backstops, TBTF Wall Street banks immediately went ahead and focused all their attention obtaining loopholes in order to transfer risk and make billions upon billions of dollars in the financial matrix, as opposed to adding any benefit whatsoever to society.
7 Million People Haven't Made A Single Student Loan Payment In At Least A Year
Submitted by Tyler Durden on 08/22/2015 10:43 -0500How bad is America's $1.3 trillion student loan problem, you ask? As WSJ reports, "nearly seven million Americans have gone at least a year without making a payment on their federal student loans, a staggering level of default that highlights how student debt continues to burden households despite an improving labor market."
Who Would Win A War In The South China Sea: The Pentagon Infographic
Submitted by Tyler Durden on 08/22/2015 08:18 -0500Should the dispute between China and its neighbors over Beijing's land reclamation efforts in the South China Sea escalate from a war of words to a war of missles and bullets, how do the potential combatants match up from a maritime military perspective? The Pentagon explains.
