The Crisis of Conflicts at the New York Fed: Circling the Wagons to Set Up Ex-Goldmanite William Dudley As PresidentSubmitted by EB on 12/17/2012 12:01 -0400
New Fed minutes reveal powerful CEO voted to make William Dudley president of FRBNY and grant him conflicts waivers for investments in CEO's own company.
Dimon: "So, we were asked to buy Bear Stearns. Some said the Fed did us a favor...No, no, we did them a favor. Let's get this one exactly right. We were asked to do it."
GLD & TLT: Exploring the Dark Side of Exchange Traded Funds (ETFs) With Lauren Lyster at Capital AccountSubmitted by EB on 09/20/2012 12:14 -0400
What might happen to your favorite ETF in a crisis? As the the half life for the next Fed-induced bubble happily converges with the six month mark on Mr. Bernanke's QE3, these things never matter...until they do
"I might even go back to my life of crime because of the JOBS Act--because it makes fraud too easy."
#FF: A Truth-Telling Financial TV Talk Show? Lew Rockwell Interviews Lauren Lyster and Demetri Kofinas of RT's Capital AccountSubmitted by EB on 07/27/2012 18:00 -0400
Discussing the bull market in alternative media, a Grecian return to the Drachma, and how savings empower the individual (as opposed to state confiscation)
Why a new LIBOR based on Fed Funds (OIS) is determined by back door dealings between government sponsored failures (Fannie/Freddie) and a handful of compromised TBTF banks
Interview: Unusual Pre-9-11 Currency Movements; an Ex-Federal Reserve Employee Talks to Robert WenzelSubmitted by EB on 07/15/2012 18:49 -0400
#ffffea;">Also: how the Fed's Biege Book is assembled, the $trillion+ sitting at the Fed as excess reserves, the LIBOR "scandal", Warren Buffet and much more...
As PFG Falls, a Return to the MF Global / Eric Holder Connection and How to Keep an Investigation StaleSubmitted by EB on 07/10/2012 07:56 -0400
Wasendorf take note: step 1, become powerful governor and/or senator (editor of SFO magazine won't cut it); step 2, hire Blankfein's lawyer for key personnel who can throw you under the bus
And since it's Mr. Moneybags, one "bonus" question for the readers regarding Maiden Lane fraud and the subsequent cover up when the GAO came a knockin'
Will the DOJ Investigate if JP Morgan Used LCH.Clearnet As a Front to Tank MF Global and Take Customer Money?Submitted by EB on 06/18/2012 09:35 -0400
LCH under investigation by Holder under antitrust statutes. And just who was the ultimate counterparty to the Corzine trade?
A land grab shrouded in a banking takeover, wrapped in a financial crisis "rescue." As always, insiders get first dibs. (And, yes, there is an MF Global connection.)
We pay homage to one of the architects and chief implementors of quantitative easing and discuss the end game for the Fed.
MF Global Roundup: the [so-far] Great Escape of "Teflon Don" Corzine; Bankruptcy Shenanigans Exposed; the "F" Word RevisitedSubmitted by EB on 04/23/2012 09:25 -0400
Has the case really gone cold? Or, are those who are in charge of the investigation, the "regulators" and the trustees, simply spraying teflon on every piece of sticky evidence that could lead to criminal prosecutions?
Three rings...count 'em. Or, are those jail cells? New emails show MF's General Counsel Ferber desperate to get Corzine in front of Gensler and keep the zombie Corzine Trade alive.
Deconstructing Corzine's lawyered up rat speak.