Michigan passes ‘financial martial law’ bill
Editor’s Note: Finally, they’re sending in the troops to arrest the banksters. Oh wait, the tyranny is actually directed at the little people and coordinated…
Stock Market
Golden Years?
The problem isn’t that public-sector workers have too much retirement security. It’s that everyone else has too little. Ronald Brownstein National Journal One big reason…
Battle of the bourses heats up
Deutsche Boerse and NYSE Euronext said on Wednesday they are in “advanced discussions” to merge. © AFP/DPA Marius Becker AFP/Activist Post NEW YORK (AFP) –…
Wall Street’s Secret Society Elects New Members
Huffington Post This weekend a tight-lipped group of power brokers elected two new members into Kappa Beta Phi, Wall Street’s secret society founded in 1929,…
Algorithms Take Control of Wall Street
Mauricio Alejo Felix Salmon and Jon Stokes Wired Last spring, Dow Jones launched a new service called Lexicon, which sends real-time financial news to professional…
Europe starts confiscating private pension funds
Mark Hemingway The Examiner The U.S. isn’t the only place that’s facing a major pension fund crisis. The Christian Science Monitor has this alarming report:…
No Amount of QE Will Keep the Stock Market Bubble From Bursting
Dees Illustration Zero Hedge It was the night before Christmas Eve, and CNBC trucked out TrimTabs’ Charles Biderman to a de minimis audience, knowing full…
Fed Can’t Prop Up Stock Market Forever
Greg Hunter USAWatchdog From the very beginning of QE2, it was no secret the Federal Reserve wanted the stock market to rise. The Fed got…
Illinois Default Insurance Cost Rises as Weak States Punished: Muni Credit
Darrell Preston Bloomberg The cost of insuring Illinois’s bonds against default rose to the highest level in five months as the state headed for the…
$2tn debt crisis threatens to bring down 100 US cities
Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery. Nor…
Overstock accuses Banksters Goldman, Merrill of racketeering
Goldman Sachs Mafia Reuters Overstock says RICO charges apply in case Original lawsuit from 2007 alleges naked short selling (Adds Goldman, Bank of America comment)…
Investors told forget savings accounts, think of shares
Britain’s 38 million savers have been urged to invest their money in the stock market after being warned that for many of them it is…
Regulators exist to ‘serve the banks,’ next House finance chairman declares
Sahil Kapur Raw Story Alabama Republican Spencer Bachus, the incoming chairman of the House banking committee, suggested Congress and federal regulators should play a subservient…
Market alarm as US fails to control biggest debt in history
US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of…