Tyler Durden's picture

'Untouchables': Obama Cronies "Protected Wall Street's Most Criminal From Prosecution"

Impunity has been the norm. The reason there have been no efforts made to criminally investigate is obvious. Former banking regulator and current securities Professor Bill Black told Bill Moyers  that "Timothy Geithner, then Secretary of the Treasury, and others in the administration, with the banks, are engaged in a cover up to keep us from knowing what went wrong."

Tyler Durden's picture

Show Of Hands: Who's Interested In A CDO Backed By A Pool Of Subordinated Community Bank Debt?

Are you a yield-starved investor? Joshua Siegel has a deal he wants to sell you and it involves subordinated loans originated by "35 community banks, some of them so small they don’t have credit ratings." 

Capitalist Exploits's picture

There Will Be Blood – Part III

Hedge fund manager exposes the ugly truth about America's energy revolution: it's like the housing bubble but larger!

Tyler Durden's picture

Fortress Backs Hundred Million Dollar Subprime, Payday Lender Scheme: "He Has Peacock Feathers Tattooed Down His Left Arm"

"I don’t hide tattoos, I don’t take earrings out. I just don’t do that, because ultimately if you don’t like who I am, you’re not going to like what I do."

Tyler Durden's picture

The Liquidations Begin: Three Hedge Funds Shut Down After Summer Rout

"As you know, the environment for global macro fundamentals-based trading continues to be challenging. That factor, combined with the lack of certainty over when a recovery will take hold, led us to conclude that the time was right to return capital to you."

Tyler Durden's picture

The Complete Guide To China's CNY 4 Trillion Margin Doomsday Machine

On the heels of a veritable bloodbath in Chinese equities overnight which saw the SHCOMP slide a harrowing 8.5%, the entire world is now beginning to take a hard look at the notion that dramatic bouts of selling pressure are aggravated and perhaps triggered by an unwind in the multiple backdoor margin lending channels that allowed investors to skirt official restrictions on leverage and helped to drive the market’s world-beating rally. Here is the complete guide to China's CNY4 trillion shadow margin edifice.

Tyler Durden's picture

China Just Created A Half-A-Trillion "Plunge Protection" Frankenstein

China’s central bank is officially in the business of financing leveraged stock buying and as Bloomberg reports, the country's state-run margin lender now has the capacity to pump the equivalent of five Greek bailouts into leveraged stock trades. 

Tyler Durden's picture

China Races To Rescue Stocks As Margin Mania Unwind Wreaks Havoc

"The selling pressure so far has mainly come from stock-related borrowings via various unofficial channels where the leverage is much higher," BofAML says of the dramatic sell-off in Chinese equities. On Wednesday, the country's securities regulator moved to reassure markets as the unwind of hundreds of billions in leveraged trades threatens to collapse China's world-beating stock bubble.

Tyler Durden's picture

The Biggest Threat To Chinese Stocks: "Shadow Lending" Crackdown

China's margin loan balance sits at around CNY2.2 trillion, and while that’s certainly impressive, there’s every reason to believe that at least another CNY500 billion in margin lending has been funneled into the Chinese stock market via the country’s shadow banking complex. As regulators tighten the screws on shadow margin lending, are stocks in for a rude awakening?

Phoenix Capital Research's picture

The Fed is Now Officially in VERY Serious Trouble

This is the REAL issue with interest rates, NOT the economy. 

Tyler Durden's picture

How Jamie Dimon Became A Billionaire

Two years ago, bank analyst Mike Mayo asked JPM chief Jamie Dimon a simple question: why should affluent customers not pick UBS over JPM due to a mismatch in capital ratios, to which Dimon's response was even simpler: "that's why I'm richer than you." To which we then added: "No logic, no rationale: all about the bottom line, which to Jamie at least is all that matters. The bottom line was indeed all, because as Bloomberg calculated overnight, over the past several years, Jamie Dimon quietly became not just "richer than you", but "much" richer: his net worth is now well over $1 billion!

Tyler Durden's picture

The Real Story Behind Deutsche Bank's Latest Book Cooking Settlement

On Tuesday, Deutsche Bank agreed to a $55 million SEC settlement tied to allegations it hid billions in losses by mismarking its crisis-era derivatives book. The bank has always contended its valuation methodologies were sound. Here is the real story...

Tyler Durden's picture

Presenting The $77 Billion P2P Bubble

"Loans take time to season and go bad, and Wall Street loves to package and pass along risk. The music will stop — it always does — and this will not end well.”

Tyler Durden's picture

Hong Kong Insanity Launches Exchange Operator's Shares Into Orbit

Because the only thing more exciting than betting on the continuation of a margin-fueled, self-feeding domestic mania is betting on the exchange where the maniacs are trading...

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