Monday, 31 March 2014 This month marks the fifth anniversary of the current bull market on Wall Street, making it one of the longest and strongest in history. Yet U.S. stock ownership is at a record low and less than… Read More ›
Wall Street
Wall Street Hedging on War in Ukraine; Buying More Insurance
By Lawrence Delevingne Wall Street is concerned enough about war breaking out in Ukraine that investment firms have sharply increased the insurance they buy to protect their assets in the region. Last month, the percentage of hedge funds that purchased… Read More ›
Revealed: The Full Membership List of Wall Street’s Secret Society
EEV: This is the list, that many of you were looking for Kappa Beta Phi Wall Street Chapter An Excerpt from this incredible reporters story: “Once we made it to the lobby, Ross and Lebenthal reassured me that what I’d… Read More ›
Financial world shaken by 4 bankers’ apparent suicides in a week
Published time: February 03, 2014 12:16 Mike Dueker (Still from YouTube video/Russell Investments) The apparent suicide death of the chief economist of a US investment house brings the number of financial workers who have died allegedly by their own hand… Read More ›
Michael Bloomberg ‘spent $650 million of own money’ as New York mayor
– ” The mayor’s free-spending ways are also being felt in London, where he has been cultivating political leaders and the cultural elite and is expected to spend much of his post-mayoral time “ Outgoing mayor spent vast amounts of personal… Read More ›
Two-thirds of Americans no longer trust each other says poll conducted last month
An AP-GfK poll conducted last month found that Americans are suspicious of each other in everyday encounters Less than one-third expressed a lot of trust in clerks who swipe their credit cards, drivers on the road, or people they meet… Read More ›
VIP: Very Important Pooch Bo gets a private helicopter and security detail to join First Family’s summer vacation in Martha’s Vineyard
EEV: All this expense for a dog? First Family returned to the elite vacation spot after skipping annual holiday before last year’s election Bo, the Obama family’s beloved dog, arrived for the holiday in a MV-22 Osprey aircraft He will enjoy… Read More ›
Quants: the maths geniuses running Wall Street
Forget Gordon Gekko. Old-style City traders are being replaced by maths geniuses who use super-computers to beat the markets. But are ‘quants’ a force for good or evil? Photo: Getty Images <!– remove the whitespace added by escenic before end… Read More ›
Goldman Sachs in spotlight over ‘aluminium price-hike’ scandal
Financial giant is accused of exploiting rules over metal warehousing in order to manipulate commodity prices James Moore Tuesday, 23 July 2013 Goldman Sachs is at the centre of another potential London-linked scandal after US watchdogs kicked off investigations into… Read More ›
Avril Haines, new CIA #2, ran indie bookstore remembered for ’90s ‘erotica nights’
EEV: Originally thought the report was a plant. Even though it is not a reflection on her abilities, this story now appears validated. – By The Reliable Source, Published: June 13, 2013 at 10:57 am For the baby boomers, it… Read More ›
Red-faced Bloomberg admits ‘inexcusable’ privacy breach
Gideon Spanier Monday, 13 May 2013 Bloomberg was today forced to issue a grovelling apology to clients for its “inexcusable” decision to let its journalists use internal customer information in a scandal that has rocked Wall Street and the… Read More ›
“We have a corrupt politics to the core” Top economist Jeffrey Sachs says Wall Street is full of ‘crooks’ and hasn’t changed since the financial crash
The IMF adviser also blamed ‘a docile president, a docile White House and a docile regulatory system’ James Legge Monday, 29 April 2013 In a cutting attack on America’s financial hub, one of the world’s most respected economists has said… Read More ›
New Russian rocket battery poor man’s deterrent
© Photo: ru.wikipedia.org/ConcernAgat/cc-by-sa 3.0 How do you deter aggression by a big international bully if you are a small third-world country? North Korea has chosen nukes. Russian military engineers have proposed an alternative option. They have developed container versions of… Read More ›
Frantic day ahead as EU tells Cyprus it can rethink controversial bailout terms as key vote postponed
Cyprus postpones crucial vote on controversial bank deposit levy as stocks plummet around the world John Hall, Charlotte McDonald-Gibson, Nathalie Savaricas Monday, 18 March 2013 German and European bank officials have said Cyprus can amend the terms of its €10… Read More ›
Mysterious Algorithm Generates 4% of Stock Trading Activity
Tuesday, 09 October 2012 A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of… Read More ›
Brokers lobby for authority to control clients accounts when they are concerned with their mental capacity
Rising dementia among U.S. clients seen risky for brokers Fri, Sep 21 2012 By Suzanne Barlyn (Reuters) – Taking direction from elderly clients whose mental capacity is on the decline causes some sticky problems for Wall Street’s brokers. Among them:… 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 ›
Investigator who cleared Obama in scandal is his campaign donor
August 26, 2012 By: Jim Kouri The financial institution executive who was in charge of the “independent probe” that ended up absolving the Obama Administration for wasting billions of taxpayers’ dollars spent on green energy schemes was neither bi-partisan or… Read More ›
Inside Capitol, Investor Access Yields Rich Tips
When Senate Democrats finally brokered a compromise over the proposed health-care law, a group of hedge funds were let in on the deal, learning details hours before a public announcement on Dec. 8, 2009. The news was potentially worth… 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 