As matters stand, the next recession will push the Western economic system over the edge into deflation It is a remarkable state of affairs that the G2 monetary superpowers – the US and China – should both be tightening Photo:… Read More ›
Morgan Stanley
Goldman Sachs rogue trader to be jailed seven years AFTER concealing an unauthorized $8.3 billion trading deal / For a whole 9 months
Matthew Taylor, 35, was sentenced Friday to nine months for wire fraud in 2007 U.S. District Judge William Pauley questioned why it took Goldman and the government so long to bring the misconduct to light Taylor had admitted in a… Read More ›
The decision to raid people’s savings to fund a bail-out for Cyprus sets a “worrying precedent” that could jeopardise the European economic recovery, financial experts have warned.
EU raid on savings to fund bail-out for Cyprus ‘threatens recovery’ By Robert Winnett, and Tom Whitehead 10:00PM GMT 17 Mar 2013 The island’s government has announced that, following pressure from finance ministers in the eurozone, it is introducing a… Read More ›
Goldman Sachs won’t do business with Southern Europe ” only a “small” probability that the euro area will stick together “
Monday, 26 November 2012 Goldman Sachs Group Inc., the No. 1 stock underwriter in Europe, turned down roles in offerings by banks in Spain and Italy this year, the only top U.S. securities firm not to take part in the… Read More ›
Facebook has lost more than $50bn in share value – MORE than Lehman Brothers did in year before meltdown
By Daily Mail Reporter PUBLISHED:20:23 EST, 4 September 2012| UPDATED:22:45 EST, 4 September 2012 The botched initial public stock offering of Facebook shares has seen over $50 billion wiped off the tech-giants share price in a little over three months… Read More ›
And Now Facebook’s Bankers Are Divvying Up The $100 Million They Made Shorting Facebook’s Stock
Boy it doesn’t suck to be a banker. Henry Blodget|Aug. 18, 2012, 9:41 AM Every time I forget how much it doesn’t suck, I’m reminded of some other magical cash-printing tool I had forgotten about that allows Wall Street to… Read More ›
Engineering Evil 