Posts Tagged 'American International Group'

Pam Martens and Russ Martens – U.S. Quietly Drops Bombshell: Wall Street Banks Have $2 Trillion European Exposure

Just 17 days from today, Donald Trump will be sworn in as the nation’s 45th President and deliver his inaugural address. Trump is expected to announce priorities in the areas of education, infrastructure, border security, the economy and curtailing the outsourcing of jobs. But Trump’s agenda will be derailed on all fronts if the big Wall Street banks blow up again as they did in 2008, dragging the U.S. economy into the ditch and requiring another massive taxpayer bailout from ...

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Katherine Burton – The Golden Era of Hedge Funds Draws to a Close With Clients in Revolt

Drinks flowed as hedge fund titan Robert Mercer, dressed as Mandrake the Magician, partied with Donald Trump, dressed as, well, Donald Trump.

The occasion that early December evening was Mercer’s 2016 holiday costume party, an intimate gathering of 250 at his Long Island estate. This year’s theme: “Villains and Heroes.”

In Trump, Mercer and his fellow hedge funders had much to extol. Tapping into the wealth he amassed at his wildly profitable firm, Renaissance Technologies, Mercer and his daughter Rebekah (dressed that ...

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Nika Knight – Trump Brings on Billionaire Bruiser Carl Icahn to Gut Government Regulations

President-elect Donald Trump has selected yet another billionaire for his cabinet: infamous corporate raider Carl Icahn will advise Trump on his sweeping plans to dismantle government regulations, it was announced late Wednesday.

“According to Forbes he is worth $16.5 billion, making him the 50th richest man in the world,” notes CNN Money. “That would make him the richest member of the Trump administration, including the President-elect himself, who Forbes estimates is worth is worth $4.5 billion.”

“Donald Trump has selected a man who ...

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Anuradha Sengupta – They Lost Their Jungles to Plantations, But These Indigenous Women Grew Them Back

It is early morning in Dhepagudi, a sleepy hamlet nestled in the green hills of Odisha, India. Admai Kumruka is sifting millet in a traditional sieve made of bamboo strips. Children mill around, playing on a mud and sand mound. A few huts down, Rello Dindika is sorting through harvested corn. A group of women are chopping fresh pumpkin leaves and flowers for a stir-fry dish. They have finished morning chores and farming work and are now preparing breakfast. Some ...

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Pam Martens and Russ Martens – Wall Street Today: Fake Accounts, Fake Money, Fake Courts, Fake Regulators

Last Thursday, the Consumer Financial Protection Bureau (CFPB) announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers. The employees were attempting to “hit sales targets and receive bonuses.” In one of the most audacious forms of bank fraud, according to the CFPB, employees actually “transferred funds from consumers’ authorized accounts to temporarily fund the new, ...

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Every Single Bloody Market Is Manipulated!

The Credit Market Is Manipulated

Giant American banks said they had to be bailed out or else the American economy would crash.

It wasn’t just the $700 billion “Tarp” bailout in 2008. In reality, a large portion of the big banks’ profitscome from taxpayer bailouts and subsidies (see thisthis and this).

At the same time, the big banks have  Continue Reading →

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Deutsche Bank Admits It Rigged Gold Prices, Agrees To Expose Other Manipulators

Well, that didn’t take long.

Earlier today when we reported the stunning news that DB has decided to “turn” against the precious metals manipulation cartel by first settling a long-running silver price fixing lawsuit which in addition to “valuable monetary consideration” said it would expose the other banks’ rigging having also “agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement” we said “since this is just one of ...

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Molly S. Castelloe Ph.D. – Is Militarism a Disease?

A person’s behavior is determined not solely by the individual’s personality but also through that individual interaction with his or her environment. Despite the American dream of the self-made man, human agency is not reliant on the individual alone.

In Marc Pilisuk and Jennifer Achord Rountree believe the social environment, especially economically-driven incentives, has enormous impact on an individual’s choices and path through life. (The Hidden Structure of Violence: Who Benefits from Global Violence and War, 2015).

In their view, ...

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Hillary Clinton Remains Silent on GMO Labeling Issue

Marianne Williamson – writer, activist, and minister – is still awaiting a reply to her 2014 open letter to presidential candidate Hillary Clinton. Williamson’s letter puts some very germane questions to the woman who has been called the Bride of Frankenfood.

Williamson says very succinctly at the end of her open letter:

“I want you to rail against the chemical companies and their GMO’s — not support them. I want you to decry the military industrial complex — ...

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Deena Zaidi – The Rise of Shadow Banks and the Repeal of the Glass-Steagall Act

Prior to the 2008 financial crisis, the Federal Reserve had an important role – to solely act as a “lender of last resort” to traditional commercial banks. But during the crisis, the financial support was extended to many non-banking firms like money market mutual funds, the commercial paper market, mortgage-backed securities market and the tri-party repo market. Besides the extensive lending, non-commercial banks (also known as shadow banks) like Bear Stearns and Lehman Brothers were first to fail, ...

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