JPMorgan and Citigroup Give Themselves a Monopoly

JPMorgan and Citigroup are acting on the principle that they are too big to jail and the government is going along with it. Example #53 that the Rule of Law is dead and buried in America. From Zero Hedge: So to summarize: as we reported first (and we would be delighted if other so called financial experts dedicated as much effort to digging through the primary data as they have to desperately try to disprove our article), JPM [i.e. JPMorgan] has indeed cornered the OTC commodity market, with Read more […]

Whistleblower Exposes Federal Reserve Goldman Sachs Cooperation

Recent audio of the Federal Reserve Goldman Sachs combine should surprise no one. What do you call a meeting between regulators from the Federal Reserve and Goldman Sachs, JPMorgan, or any other big Wall Street bank? A job interview. Thus, we read in the New York Post: “Tapes showing meek oversight of Goldman are about to rock Wall Street.” Wall Street is about to be rocked by secretly recorded audio tapes that purport to show a too-cozy relationship between the New York Federal Read more […]

Financial Collapse? JPMorgan Wants to Scapegoat Russia

While seeing our financial elite try to scapegoat Russia, I recall a movie about forced honesty. Remember the 1997 Jim Carrey movie “Liar, Liar,” where an attorney was “cursed” with the inability to lie for an entire day? I wish we could see the same thing in the actual halls of finance and political power for at least 24 hours—I bet if we could do it for a week we’d have massive popular revolutions all over the globe. Speaking of global conflagrations, here is a JPMorgan prediction about Read more […]

Goldman Sachs Downgraded Because Bailout Less Likely

When I hear that a ratings agency has downgraded a company or companies I usually expect to hear about how they have financial problems. As far as I can tell, these companies are being downgraded even though nothing has changed. Moody’s has cut the credit ratings of big US banks including Morgan Stanley, Goldman Sachs and JPMorgan Chase, after deciding that the federal government is less likely to bail the financial institutions out if they get into future difficulties. Goldman, Morgan Stanley Read more […]