Consumer protection

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Guest Post: The Stunning Parallels Between The United States And Nazi Germany





Most Americans may not like to hear this, but the truth is that modern day America very closely resembles Nazi Germany. Most Americans were raised to deeply love this country; but likewise, most citizens of this nation know that something has gone deeply wrong, and we suggest that just like the Nazis, all of the pageantry and beauty in our society masks an evil which has grown to a level that is almost unspeakable. The truth is that all evil regimes eventually fall, and America is headed for a day of reckoning... And just like Nazi Germany, our end will be exceedingly terrible.

 
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There's Only One 'Honest' Position On Obama-Trade - Kill It





"The marginal economic benefits of the agreement are outweighed by the political consequences of its adoption".

 
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Leaked Docs Reveal TTIP Trade Deal In Jeopardy As "Irreconcilable Differences" Emerge





According to leaked negotiating drafts and internal positions, which were obtained by Greenpeace and seen by the Guardian, it seems the stumbling blocks ahead of the TTIP's implementation are indeed substantial, and potentially dealbreaking. As the Guardian reports, talks for a free trade deal between Europe and the US face a serious impasse with "irreconcilable" differences in some areas.  The leaked texts also show that the two sides are at odds "over US demands that would require the EU to break promises it has made on environmental protection."

 
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"It's A Trojan Horse" - Thousands Of Germans Protest TTIP Trade Deal One Day Before Obama Visit





One day before Obama visits Angela Merke in Germany to pitch the TTIP trade agreement, thousands of German protesters have once again come out on the streets of Hannover to say 'No' to the controversial TTIP US-EU trade deal. Many in Germany fear it will reduce consumer protection and undermine workers’ protection. In an interview with Bild, Obama said that "the Transatlantic Trade and Investment Partnership is one of the best ways to promote growth and create jobs." Ironically, this comes just as support for the TTIP is tumbling on both sides of the Atlantic.

 
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Shocking Statistic: Over 40% Of Student Borrowers Don't Make Payments





More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay. Officials acknowledge that a large pool of borrowers have essentially fallen off the radar. The Education Department has assembled a “behavioral sciences unit” to study the psychology of borrowers and why they don’t repay. “We obviously have not cracked that nut but we want to keep working on it,” said Ted Mitchell, the Education Department’s under secretary. He said many defaulted borrowers dropped out of school and are underemployed.

 
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Congratulations To Prominent Anti-HFT Crusader Eric Hunsader For Winning $750,000 Whistleblower Award





We are delighted to report that after many years, Nanex has finally been vindicated, and is the first whistleblower paid under the Dodd-Drank Wall Street Reform and Consumer Protection Act of 2010 meant "to reward an independent third party for analysis of a potential securities law violation." His reward: $750,000.

 
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Is It All Just A Publicity Stunt: Apple Unlocked iPhones For The Feds 70 Times Before





"Apple’s stance in the San Bernardino case may not be quite the principled defense that Cook claims it is... it may have as much to do with public relations as it does with warding off what Cook called “an unprecedented step which threatens the security of our customers.""

 
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Brazil Bank Interest Rates At 20-Year High





Brazil's overdraft interest rates reached 12.28% in October, the highest since September 1995 when the rate was 12.58%, according to research conducted by consumer protection group Procon. Of the seven financial institutions included in the research, five increased their overdraft rates and one upped its rate for personal loans. The average overdraft rate of 12.28% per month was higher than that registered in September, 11.90%.

 
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Frontrunning: September 28





  • Headline winner: "Read Beyond Massive Job-Cuts Headlines: Labor Market Is Fine" (BBG)
  • And speaking of lies: The More Yellen Talks Up Inflation, the Less Traders Believe Her (BBG)
  • How Some Investors Get Special Access to Companies (WSJ)
  • Victorious Catalan separatists claim mandate to break with Spain (Reuters)
  • Russia seizes initiative in Syria (Reuters)
  • Former VW boss Winterkorn investigated for fraud (Reuters)
  • Investors Pull Back From Junk Bonds (WSJ)
 
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Volkswagen Scandal Becomes "Investor's Nightmare" As German Government Dragged In





The fallout from the emissions scandal that triggered a harrowing plunge in Volkswagen's shares and now threatens to derail the German economy continues as Detusche Bank delivers a sobering assessment, the Green party blames Berlin, BaFin lanches an investigation, and the town of Wolfsburg panics.

 
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Crowdfunder Slammed Over Playing Cards





In a first for donation-based crowdfunding, the creator of a Kickstarter campaign has been ordered by a state court to pay civil penalties, restitution, and court costs for failing to deliver products to his contributors. Edward J. Polchlopek, aka Ed Nash, and his company, Altius Management, have been ordered to pay a total of $54,851.29 for failure to deliver decks of ‘retro-horror themed’ playing cards. 

 
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Frontrunning: June 18





  • WSJ urges Fed to blow uberest of all bubbles: Memo to Fed: Let the Economy Overheat (WSJ)
  • Gunman at large after killing nine at black South Carolina church (Reuters)
  • Nine Dead in Charleston Shooting Labeled a 'Hate Crime' (BBG)
  • Hong Kong Votes Down Beijing-Backed Election Plan (WSJ)
  • Greece Has Already Cost Investors $897 Billion This Year (BBG)
  • Merkel Maintains Tough Stance on Greece as Deadline Looms (WSJ)
  • Small U.S. frackers face extinction amid drilling drought (Reuters)
  • Brian Williams to Stay at NBC, but Lester Holt Will Be Anchor (WSJ)
 
Tyler Durden's picture

The Two Contending Visions Of World Government





U.S. President Barack Obama’s proposed ‘Trade’ deals are actually about whether the world is heading toward a dictatorial world government - a dictatorship by the hundred or so global super-rich who hold the controlling blocks of stock in the world’s largest international corporations - or else toward a democratic world government - which will be a global federation of free and independent states, much like the United States was at its founding, but global in extent. These are two opposite visions of world government; and Obama is clearly on the side of fascism, an international mega-corporate dictatorship... What’s at stake here is nothing less than whether the future of the United States, and perhaps even of the world, will be democracy, or else fascism.

 
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