Corruption

Tyler Durden's picture

The American Dream Is Still Possible, Just Not In The US





We fear many Americans who don't travel internationally might have become somewhat immune to the intrusive, arbitrary nature of today's American government and its institutions. It is still possible to achieve the American Dream of a simple life with opportunity for wealth creation, fun, freedom and good times without an overly intrusive, threatening government ... just not in the United States.

 
Tyler Durden's picture

Spanish Tenants Wake Up To The Horror Of A Wall Street Landlord





Having grown weary of reality in America (after becoming the biggest landlord in the land of the free to borrow cheaply), Wall Street moved into the distressed property purchase ponzi in Spain (as we noted here) and, surprise, the Spanish are not happy with their new slumlords. After Madrid's local government sold 5,000 rent-controlled apartments to Goldman and Blackstone, having told tenants their rental conditions would remain the same, dozens of people have received demands for higher rent, been told their rents will increase dramatically, been threatened with eviction or moved out to escape the insecurity as old contracts expire.

 
Tyler Durden's picture

Somone Really Needs To Explain To Europe What "Austerity" Means





Remember Europe's "austerity", or rather,as we dubbed it, fauxterity? Of course, how could you forget: after all everything that is wrong with Europe is blamed not on government corruption and the complete lack of reform, enabled so gloriously by Goldman's custodian of Europe's money printer who would do "whatever it takes" to mask Europe's sad reality that without reform the continent is doomed, but on the intolerable, insufferbale imposition of hated, loathed austerity on Europe's insolvent nations. After all, how on earth are they all supposed to get out of their debt-induced depressions if they have to, gasp, cut their debt! So yeah, we get the propaganda. What we don't get is whether everyone in Europe is completely incapable of reading simple numbers, is atrocious at math, or simply doesn't understand the definition of austerity.

 
Tyler Durden's picture

Frontrunning: October 23





  • Canada PM vows crackdown after capital shocked by fatal attacks (Reuters)
  • Canada Gunman Was Convert to Islam With Criminal Record (BBG)
  • Some U.S. hospitals weigh withholding care to Ebola patients (Reuters)
  • But... Great rotation... Bond funds stock up on Treasuries in prep for market shock (Reuters)
  • Saudis at War With Islamic State Confront Echo of Kingdom’s Past (BBG)
  • EU’s Top Banker Warns of Rule Fixation ‘Going Beyond Reason (BBG)
  • U.S.-led air strikes killed 521 fighters, 32 civilians in Syria (Reuters)
  • Growing Kurdish Unity Helps West, Worries Turkey (WSJ)
  • Don’t Be Distracted by the Pass Rate in ECB’s Bank Exams (BBG)
  • Hedge Funds Add to Venture-Capital Bounty (WSJ)
  • Speed-of-Light Trading Grows in Europe With McKay Network (BBG)
 
Tyler Durden's picture

7.6 Billion Reasons Why The US 'War On Drugs' In Afghanistan Failed





The US Embassy in Kabul, Afghanistan is "disappointed," according the statement department latter below, responding to the Special Investigator General for Afghanistan Reconstruction (SIGAR) findings over poppy cultivation in the troubled nation. Simply put, despite the United States spending approximately $7.6 billion on counternarcotics efforts in Afghanistan (as of June 30, 2014), opium poppy cultivation levels in Afghanistan hit an all-time high in 2013 (with a 50% rise last year alone). Of course, like any good government agency, deny and blame someone else, as the DOD went on to state that "the failure to reduce poppy cultivation and increase eradication is due to the lack of Afghan government support for the effort."

 
Tyler Durden's picture

Peak Ponzi: Only 13% Of Loans In Bulgaria's Fourth Largest Bank Had Valid Collateral





  • BULGARIA CENTRAL BANK CORPBANK PRE-JUNE REPORTS 'MISLEADING'
  • BULGARIA CENTRAL BANK SAYS CORPBANK ASSETS ARE 6.7B LEV
  • BULGARIA CENTRAL BANK SAYS CORPBANK AUDIT SHOWED ONLY 13 PERCENT OF LOANS HAD VALID COLLATERAL
 
Tyler Durden's picture

Frontrunning: October 22





  • Russia Loses Oil Ally in De Margerie After Moscow Crash (BBG)
  • Austria's Erste denies report it has failed stress tests (Reuters)
  • Sweden gets two new sightings, as hunt for undersea intruder goes on (Reuters)
  • Companies Try to Escape Health Law’s Penalties (WSJ)
  • Mud and Loathing on Russia-Ukraine Border (BBG)
  • NOAA employee charged with stealing U.S. dam information (Reuters)
  • Lower Oil Prices Seen Easing Japan’s Trade Pain (WSJ)
  • Michigan becomes 5th U.S. state to thwart direct Tesla car sales (Reuters)
  • Maglev Train Seen Making Washington-to-Baltimore Trip at 311 MPH (BBG)
 
Tyler Durden's picture

China CCTV News Previews The 4th Plenary Session Of The Communist Party In Infographic





Following last year's 20,000 word "decision" at the 3rd Plenum pledging reforms, soft-landings, and corruption crackdowns, we thought we'd leave it to China's state-owned media to explain - via handy infographic - what to expect from the 4th Plenary session this week...

 
Tyler Durden's picture

"Either You're The Butcher... Or The Cattle"





The common people are the cattle being led to slaughter. We are kept docile with incessant propaganda from the mainstream media; marketing messages to consume from Madison Avenue; filtered, adjusted, manipulated economic data fed to us by government agencies; an endless supply of iGadgets and other electronic distractions; government education designed to keep us ignorant; 24/7 reality TV on six hundred stations to keep us entertained; corporate toxic processed food to keep us obese and tame; and an endless supply of Wall Street supplied debt to keep us caged in our pens with no hope of escape. The butchers of the deep state have maintained control for decades, but we’re entering a new era.

 
Tyler Durden's picture

Reading The Road Map To A Police State





"There is no crueler tyranny than that which is perpetuated under the shield of law and in the name of justice." —Charles de Montesquieu

If there was any silver lining to the horrifying events that took place in Ferguson, Missouri which riled the month of August, it has finally brought the issue of police militarization to the forefront. How did this happen?

 
Tyler Durden's picture

Frontrunning: October 15





  • M&A Bubble is bursting: AbbVie Says It Reconsiders Merger Pact With Shire (WSJ)
  • Winner of bad headline timing award: Spinoffs Could Set Stage for Next Merger Wave (BBG) - and now wait for the spinoffs getting pulled
  • Record mortgage settlement pushes Bank of America into third-quarter loss (Reuters)
  • Korea joins the Japan currency war: Bank of Korea Cuts Base Rate (WSJ)
  • Double Irish’s Slow Death Leaves Google Executives Calm (BBG)
  • Global Oil Glut Sends Prices Plunging (WSJ)
  • Slow Rise in Prices Shows China’s Economy Is Still Struggling (WSJ)
 
Tyler Durden's picture

Crude Rises On News ISIS Has Entered One Of Baghdad's Suburbs





While the western world couldn't care less about the fate of some backwater town on the border between Syria and Turkey, it certainly cares about what happens to the Iraqi oilfields located south of Baghdad (which serve to determine the marginal price of oil around the world). Well, the world may not care, but crude traders certainly do, and the reason why oil appears to be rising in recent trade is due to news that ISIS militants have infiltrated one of Baghdad's outer suburbs, Abu Ghraib which is only eight miles from the runway perimeter of Baghdad's international airport.

 
George Washington's picture

The West Is Partly Responsible for the Ebola Crisis In Africa





The U.S. Backed the Dictators Whose Rampant War Crimes Destroyed their Healthcare System

 
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