Archive for the ‘BREAKING NEWS!’ Category
Tuesday, September 15th, 2009
Much has been made in the mainstream financial media of the difference between Bear Stearns and Lehman Brothers, and the shrill question still arises: "why save Bear Stearns and let Lehman Brothers fail?" The question is quaint, of course, to those in the know. Bear Stearns was no more saved than ...
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Friday, September 11th, 2009
You can now be sure that the Obama administration mini bubble is fully inflated and set to pop. Morgan Stanley Chief Executive Ass Wipe, John Mack, is stepping down, signaling the end of the ponzi crash dive.
Mack will be replaced by retail brokerage head James Gorman, in an attempt to ...
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Thursday, September 10th, 2009
Although its namesake John Pierpoint Morgan owned less than 20% of J.P. Morgan & Co, he certainly understood the business model passed on to him by the company's true owner, Mayer Amschel Rothschild.
That same model, steeped in fraud and soaked in blood money, is still at work today. Mayor Rothschild, ...
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Wednesday, September 9th, 2009
Is this the shot to be heard round the world in the coming debtor revolt? Even as the new hope Obama asks you to go deeper into debt to the banksters, an angry new kind of debtor is emerging, and here she is. I believe she is acting on principal, but ...
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Wednesday, August 26th, 2009
Bank of America continues to plod through the aftermath of the credit bubble burst like an old, overburdened pack mule. With red ink still dripping on the bridle, Bank of America pushed out a $3.2 billion second quarter profit, largely on the back of one time gains.
One-time items included ...
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Tuesday, August 18th, 2009
Citigroup lingers in a limbo, caught in the cross currents of continuously re-balancing forces. The force of survival, with its impetus of taxpayer bail-outs, insider connections and drug money laundering by the trillions, threatened at every moment to be buried by an avalanche of imploding annihilative assets.
The reported $4.28 billion profit ...
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Friday, August 7th, 2009
by Teri Buhl for BankImplode.com
The smart money has turned bearish on Wells Fargo again.
Yesterday, rapid put volume and big block buys on the September 26 strike price had hedgies buzzing. On Thursday, WFC traded 87,500 calls against 194,000 puts for a 2.20:1 put/call ratio. That type of unusually high ...
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Thursday, July 23rd, 2009
The mainstream financial press is outed and they are going after the bloggers. Yes, that's right. The scum in the mainstream media are now going after the bloggers, the very people who were ignored when they got it right about the housing and credit bubble. You gotta be able to ...
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Wednesday, July 22nd, 2009
Wells Fargo swaggered like a gunslinger into it's fiscal second quarter 2009 earnings reporting session and when the smoke cleared the bank had shot out a $3.17B profit on revenue of $22.5 billion. The profit increased 81% and revenue doubled and together could be used by Wells Fargo to ...
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Wednesday, July 22nd, 2009
JP Morgan continues to reap the benefits of an investment made at Jekyll Island nearly a century ago. And as the credit crisis roils in this new century, JP Morgan ruthlessly applies a business plan as timeless as it is corrupt, thereby reaping instant investments gains at the expense ...
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