The former head of insurance giant AIG has won a legal victory against the U.S. government over its 2008 taxpayer bailout. Hank Greenberg claimed the … Former AIG Chief Wins “Stunning” Case over Taxpayer BailoutRead more
Financial crisis
Posted inEconomics / Financial crisis / News
Lawmakers Shifted Holdings After Talks with Admin During Financial Crisis
An investigative report from the Washington Post shows 34 members of Congress made major changes to their financial holdings after speaking with top administration officials … Lawmakers Shifted Holdings After Talks with Admin During Financial CrisisRead more
Posted inEconomics / Financial crisis / ToMl
The Second Circuit Makes Sophisticated Insider Trading the Perfect Crime
We know that insider trading is an activity in which cheaters prosper. We know that Wall Street and the City of London are dominated by … The Second Circuit Makes Sophisticated Insider Trading the Perfect CrimeRead more
Posted inEconomics / Financial crisis / ToMl
Why the Financial and Political System Failed
The recent spike in global political-financial volatility that was temporarily soothed by European Central Bank (ECB) covered bond buying and Bank of Japan (BOJ) stimulus … Why the Financial and Political System FailedRead more
Posted inEconomics / Financial crisis / ToMl
AIG Bailout Trial Revelation
I’m still hugely behind on the AIG bailout trial, and hope to show a ton more progress in the next week. I’m posting the transcript … AIG Bailout Trial RevelationRead more
Posted inEconomics / Financial crisis / ToMl
Emperor is naked. But we will pay the fine
A year ago this month, the Justice Department announced the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to … Emperor is naked. But we will pay the fineRead more
Posted inEconomics / Financial crisis / Justice / ToMl / USA Empire
The $9 Billion Witness. King is naked
She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take … The $9 Billion Witness. King is nakedRead more
Posted inEconomics / Financial crisis / ToMl
5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives
When is the U.S. banking system going to crash? I can sum it up in three words. Watch the derivatives. It used to be only … 5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To DerivativesRead more
Posted inEconomics / Financial crisis / ToMl
The Bank Bailout and the Forbes 400
Six years ago this past Friday, the US Congress passed the Emergency Economic Stabilization Act of 2008, which established the $700 billion Troubled Asset Relief … The Bank Bailout and the Forbes 400Read more