Archive for the ‘BREAKING NEWS!’ Category

Euro shorts smell blood

Monday, July 30th, 2012

Originally Posted at GoldMoney.com Contributed by Alasdair MacLeod Within the eurozone there are great stresses. At one extreme there are punitive costs of borrowing for Greece, Cyprus, Portugal, Ireland, Spain and Italy; at the other there is zero or negative interest rates for Germany, the Netherlands and Finland. Doubtless the first group ...

A Different Kind Of Bank Scandal

Sunday, January 22nd, 2012

Contributed by Retired Attorney Joe Zingher , Chicago, IL The banking industry has a problem that they’ve been keeping covered up for a long time and it’s got nothing to do with mortgages but everything to do with Natasha Cleary and her two small children. Every so often, someone is forced to ...

JP Morgan’s off-Balance Sheet

Saturday, July 16th, 2011

Originally posted at Stockmarket-Implosion. JPM did earn a second quarter profit, in case there was any doubt. The company posted a net income of $5.43 billion on revenue of $28.6 billion. JPMorgan Chase & Co. (JPM), the second- largest U.S. bank, said net income rose 13 percent, higher than analysts estimated, as ...

DealFlow: Fraud Allegations Erupt for FDIC-Shuttered USA Bank of Greenwich, CT

Thursday, May 26th, 2011

Here at BankImplode we are running an "enhanced" pickup of a DealFlow piece (subscription or one-time purchase required) reported by Teri Buhl in the May 24th, 2011 Distressed Debt Report. We are including a copy of the affadavit of Fred DeCaro Jr., the former Chairman of the bank ...

The Monstrous House of Morgan

Thursday, May 19th, 2011

Originally posted at Stockmarket-Implosion. Before the credit bubble exploded in the summer of 2007 JP Morgan was considered on the Street to be something less than the beat up red headed stepson to that more glamorous house of Morgan, Morgan Stanley. Since then the other Morgan's, J. P., fortunes ...

Feeding On You

Sunday, February 20th, 2011

Originally posted at Stockmarket-Implosion. Nothing better illustrates the snake eating its tail that has become the American economy better than the news that the nice boyz and girls over at J P Morgan has a food stamp monopoly in 26 states and the District of Columbia. Since Morgan gets a cut ...

Is It Time To Give Wall Street A Sopranos Style Intervention?

Thursday, October 28th, 2010

Steve Dibert, MFI-Miami The other morning while I was eating my eggs and venison hash, I was watching reruns of The Sopranos on the A&E network.  It was the episode when the whole crew decides that it may be time to do an intervention with Christopher about his ...

Florida Homeowners Are Losing The Fight But It’s Not Because Of The Banks

Monday, October 18th, 2010

Steve Dibert, MFI-Miami Since starting MFI-Miami over two years ago, I’ve seen a lot of craziness in regards to foreclosure rescue.  Matter of fact, you could call it the wild, wild west in Florida and with the recent exposure of robo-signers in the mainstream media, it’s only gotten ...

Michigan Cancer Victim Sues BofA Over Illegal Foreclosure

Monday, September 27th, 2010

From Steve Dibert, MFI-Miami Several months back I wrote an article about Lynne Lucas, a client of MFI-Miami who had been put through a living nightmare by Bank of America when she attempted to negotiate a loan modification.  Last week, Ms. Lucas’s attorney, William Maxwell filed a lawsuit in Oakland ...

Can “Deflation” Catch a Falling Dollar?

Friday, September 3rd, 2010

Originally posted at Stockmarket-Implosion. "Inflation is always and everywhere a monetary event," so sayeth Milton Friedman. Following this intellectual tradition, recently Mish and other analysts define inflation as an increase in the money and credit supply. They then point to a myriad of the examples of the deflation they claim that ...