Wells Fargo

FBI Probes Firm Belonging To Brother Of Clinton Campaign Chair For Ukraine Corruption Ties

While much of the media focus over the past week has been on the potential corruption scandal involving Ukraine's former president and Donald Trump's now former advisor, Paul Manafort, perhaps it is time for it to shift attention to the Podesta Group, the lobbying firm which belongs to Tony Podesta, the brother of Hillary Clinton campaign chairman John Podesta

Insanity, Oddities, And Dark Clouds In Credit-Land

Distortions in financial markets keep growing, as central banks all over the world are desperately intensifying monetary pumping. What is currently happening in various bond markets as a result of this and other interventions is simply jaw-dropping insanity. It is not so much that it defies rational explanation – in fact, all of these moves can be explained. What makes the situation so troubling is the fact that investors seem to be oblivious to the enormous risks they are taking.  They are sitting on a powder keg.

Michigan Pension Funds Boost Tesla Stake By Over 200%

"Our original $25 million position in Tesla was relatively minor, and we added approximately $50 million during the past quarter," the department said in a statement. "The additional shares did not materially add to the risk of the overall $60 billion investment portfolio."

Was This Wartime Technology Really Deployed Against Journalists Inside the DNC?

Technology developed to jam cellphones during the Iraq War may be getting deployed against journalists reporting on protests against the political establishment in the United States. Both citizen journalists and mainstream media reporters found they couldn’t share photos or video when they approached the gates of the Democratic National Convention, leading many to believe that their cell signals were being jammed... "It's scary for me as a journalist because that’s how state suppression of events occurs..."

"It's One Gigantic Lawless Crime Scene" - Exposing The Dirty Business of U.S. 'Think Tanks'

It’s important to acknowledge that the U.S. economy has morphed into one gigantic lawless crime scene. An environment in which crony insiders who add zero value to society parasitically feast on the country’s treasure. In the case of so-called “think tanks,” we have organizations receiving copious taxpayer subsidies for the privilege of screwing over the American public.

Millennial 'Guru' Urges Millennials Living "Paycheck-To-Paycheck" To "Spend Now, Save Later"

The following five minutes of fantasy should blow most people's minds. On the one hand, a 'veteran' Wells Fargo asset manager urges Millennials living paycheck-to-paycheck to save "just $26 a week will get to $1 million... because time is on your side." And on the other hand is a Millennial 'guru' who proclaims Millennials should "spend now and save later..."

Prospect Capital: The Enemy Within

John F. Barry III, the founder, chairman and chief executive of Prospect Capital, a Manhattan-based business development company, can't seem to get any respect.

Frontrunning: August 4

  • Bank of England cuts rates for first time since 2009, restarts bond purchases (Reuters)
  • Obama administration denies Iran cash payment was a ransom (Reuters)
  • Mike Pence Endorses Paul Ryan After Donald Trump’s Refusal (WSJ)
  • In slap at Trump, some wealthy Republicans campaign for Clinton (Reuters)
  • Clinton leads Trump by 17 points in NH (The Hill)

S&P Futures Flat As Europe, Asia Lifted By Banks, Yen; All Eyes On The Bank Of England

In a mostly quiet session, European and Asian stocks rose, pushed higher by financial stocks and the USDJPY which initially dipped on some hawkish comments by BOJ deputy governor Iwata, only to rebound later in the session, lifting the Nikkei 1.1%, while the Stoxx 600 rose 0.4% led higher by the banking sector. S&P futures are unchnaged after yesterday's last hour ramp. The key event is the BOE decision due in half an hour.

An America Neither Republicans Nor Democrats Dare Show

For all the moronic celebrity surrounding Donald Trump, stoked by a self-serving media, “the Donald” could find a grateful place in America’s history books. No, absolutely not as a president, but as the dragon-slayer of America’s corrupt duopoly...We could be living a dream in America as opportunity stares at us to break the political chains enslaving our Republic, finally making Abraham Lincoln’s dictum of “a government of the people, by the people, for the people” not fiction but a reality.

The Looming Financial Crisis Nobody Is Talking About, But Should Be

A chain of events has been set in motion that will expose the massive fraud world banks and governments have perpetuated on their citizens. When fear porn is being promoted on the major networks, keep in mind the real threats to freedom and security will not be openly announced.

Philadelphia Vs. Cleveland: Divided We Stand

The clash of visions between Cleveland and Philadelphia was stark. While the saying goes, the ins 'point with pride', while the outs 'view with alarm'; we appear to be two separate and hostile peoples, living apart in two separate Americas.