"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Bill Black: BAC, has directed troubled financial derivatives from its Merrill Lynch subsidiary to federally insured bank Bank of America making private risk public They moved trillions of bad derivatives from Merrill Lynch to Bank of America, thus making this…
So much for the manic partying Wall Street did last week when it was announced Greek bonds would have a mere 50% write-down. (The more rational among us might inquire as to why the banksters found that massive haircut to…
Europe considers issuing bonds denominated in Chinese currency. BusinessInsider details the multitude of reasons why this is a short-sighted, unworkable, self-defeating, and generally idiotic idea. Chief among them is why would China want to buy bonds from countries already hopelessly…
The “agreement” is that bondholders will take a 50% chainsaw, er, “haircut” on their Greek debt. In yet another stunning “agreement”, this will somehow not trigger credit default swaps – in other words, they’re not really default swaps any more,…
His corruption was so egregious I guess even the feds figured they had to get off their dead asses and do something. Our money is not on the administration on this one. In fact, when the smoke settles, we expect…