Corruption

Cognitive Dissonance's picture

Enlightened Self Interest and Financial Industry Hypocrisy - Chapter Two of Three





First we deny, then we deny we ever denied, and then we forget we were ever in denial. Man is an extremely efficient organic computing machine, so this is just kid’s stuff we learn right out of the crib.

 

 
Tyler Durden's picture

New York: From "Disneyland For Wall Street" To "Coffin-Sized" Living Spaces





There is no question about it, NYC feels more like “Disneyland for Wall Street” than ever before. The very rich are doing very well, everyone else, not so much. We are often told by charlatans and mainstream media propagandists that this mythical rising tide of wealth lifts all boats. If that’s the case, we find it quite perplexing that the homeless population in America’s financial center is exploding five years into the so-called recovery (homeless people are living in coffin-sized spaces inside the frame of the Manhattan Bridge). Meanwhile, let’s not forget that 22% of the city is on food stamps. How is this possible? Because we have witnessed five years of egregious corruption and crony capitalist theft, not a genuine recovery. That’s how.

 
Cognitive Dissonance's picture

Enlightened Self Interest and Financial Industry Hypocrisy - Chapter One of Three





The level of governmental and corporate corruption, chronic unemployment, rising food and medical costs and the escalating taking of rights and freedoms are not unseen by the population at large, just desperately ignored.

 

 
Tyler Durden's picture

Frontrunning: April 10





  • J.P. Morgan's Dimon Describes Year of Pain (WSJ)
  • SAC Faces a Final Reckoning for 14 Years of Insider Scam (BBG)
  • New Standards for $693 Trillion Swaps Market Increase Risk of Blowup (BBG)
  • China says no major stimulus planned; March trade weak (Reuters)
  • As we said in 2012 would happen: Record Europe Dividends Keep $3 Trillion From Factories (BBG)
  • Blame it on the algo: Deutsche Bank Said to Find Improper Communication in FX Case (BBG)
  • Coke Sticks to Its Strategy While Soda Sales Slide (WSJ)
  • Ukraine’s Rust Belt Faces Ruin as Putin Threatens Imports (BBG)
  • RBC Joins Goldman in Suing Clients After Singapore Crash  (BBG)
  • U.S. House panel to look at aluminum prices, warehousing (Reuters)
  • Brooklyn Apartment Rents Jump to a Record as Leases Surge (BBG)
 
CalibratedConfidence's picture

Bodek's Amazon Critique of "Flash Boys"





I contend that Lewis should have done a lot more to identify the parties involved and tell the full story of latency arbitrage in Sigma X.

 
Tyler Durden's picture

The Global Origins of China's Domestic Conflicts





Increasing domestic conflicts are an unintended consequence of the rapid globalization behind China’s rise. China’s embrace of globalization has aligned once fractious elites behind a banner of shared economic interest. Neither China nor the rest of the world can ignore this dilemma and paradox; with every “made in China” product we buy we are contributing to this rise in wealth, and the rise in frustration, social tension and air pollution. They are unfortunately coupled together.

 
Pivotfarm's picture

Dark-Pool Trading Danger





What is there in this world that is transparent? Is there anything left? You just need to take a look around you. The growing number of corruption cases, the people that embezzle, fraudulently take, borrow, beg and steal at whim.

 
Tyler Durden's picture

Frontrunning: April 7





  • The counter-HFT-attack begins with first target - dark pools: Dark markets may be more harmful than high-frequency trading (Reuters)
  • Malaysia Jet Team Hears Pings Consistent With Black Box (BBG)
  • At Toyota as Humans Steal Jobs From Robots (BBG)
  • ‘Reverse Auctions’ Draw Scrutiny (NYT)
  • Death knell sounds for Brazil’s economic strategy (FT)
  • Technology Traders Head for the Exit as Put Trades Surge (BBG)
  • NSA Uses Corporate News to Spread Propaganda and Silence Dissent (TruthDig)
  • Holcim, Lafarge agree to merger to create cement giant (Reuters)
  • Any minute now: Investment Jump Seen From Macy’s to Berkshire After 2013 Fizzle (BBG)
  • India kicks off world's biggest election in remote northeast (Reuters)
 
ilene's picture

CHINA’S VERSION OF NIGHT OF THE LONG KNIVES





These are indeed scary times for the corrupt kleptocrats of China.

 
Tyler Durden's picture

How To End TBTF? Do What Vietnam Does: Sentence Bankers To Death By Firing Squad





There is a gloriously simple solution to all the world's TBTF problems, one that could be enacted in a HFT millisecond by pulling the trigger, so to speak. The solution comes from none other than that historic US nemesis, Vietnam, where unscrupulous financiers don't just go to jail. Sometimes, they get death row.

 
Tyler Durden's picture

Guest Post: 2016 Wishes - A President Who Doesn't Kiss Wall Street's Rear-End





Is there any hope that we might actually elect a president with the mandate and courage to take down Wall Street instead of kissing its rear end in humiliating obeisance? The 2016 presidential election may be far away to those obsessed with the news cycle, but it's not too early to express one single hope: that we finally elect a president who doesn't kiss Wall Street's rear end every single day for four/eight years running. Either the next president issues an executive order (or whatever it takes) to enact these four administrative rules, or he/she is kissing Wall Street's rear end every single day of his/her administration.

 
Tyler Durden's picture

"Bazooka Theory" And Why The Authorities Won't Pull The Trigger





The most common pushback from any China bull, industrial commodity bull, US equity market bull, or in fact any risk market in general "bull" is "won't the authorities just pull the trigger? Won't they just stimulate?" As UBS Commodities group notes, the debate is most advanced for China and for industrial commodities, where the weakness in the economy, and the sharp commodity price falls of recent weeks, has consensus looking for a stimulus driven bounce. UBS does not think so - the authorities in China and the US have become increasingly focused on structural issues - which, simply put, means they are less willing to act than before. It appears last night's mini (railway-focused) stimulus supports the expectations of no "bazooka".

 
Tyler Durden's picture

Guest Post: Russia Is Dominated By Global Banks, Too





As the Ukrainian crisis festers and other dangers in the Pacific and the Mideast grow, an odd consensus among alternative analysts is taking hold — namely the belief that President Vladimir Putin and Russia represent some kind of opposition to globalization and the rule of corporate financiers. Perhaps moments in Putin’s rhetoric have seduced elements of the Liberty Movement into assuming that Russia is a “victim” in the grand schemes of Western oligarchy and that Russia is truly the "white knight", the underdog willing to stand up against the New World Order. We're sorry to say that nothing could be further from the truth. Russia is just as much a tool of the global elite today as it was after the Bolshevik Revolution, and Vladimir Putin is just as much a socialist puppet as Barack Obama.

 
Tyler Durden's picture

Turkey Lifts Ban On Twitter (Until Next Election?)





Having successfully negotiated the exposure of a potential "false flag" attack on Syria, corruption probes, financial system chaos, court rulings of the ban's unconstitutionality, and a "successful" election, Turkey's Erdogan has decided to lift the ban on Twitter...

 
Phoenix Capital Research's picture

The Single Most Important Issue For the Power Elite In China… And What It Means For the Global Economy





The reason for the economic gimmicking pertains the political perspective of China’s economic data. As a communist regime, China’s government has one focus and one focus only. It’s not economic growth for growth’s sake, nor is it improving the quality of life for China’s population...

 
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