Revocation of corporate charter is possible, just not for your friendly neighborhood bankster. State level unemployment rates continue to fall.
LPS reports that loan delinquencies fall again. Economic data shows further global slowing. Government regulators find JP Morgan unethical and try to hide it.
Stocks struggle into the final hour mixed following the economic activity miss this morning. 1st quarter GDP came in below expectations at +2.5% on strength in consumer spending and construction. Matt Taibbi is out with a new piece in Rolling Stone magazine detailing the extent to which the worlds global banks go to rig the [...]
The Justice Department apparently won’t prosecute the banksters but it can find ways to let white collar criminals go before half their sentence has been served
Construction spending beats, manufacturing disappoints. Q 1 for stocks is a good one S&P 500 is +10%. Bank money laundering is reaching epidemic proportions.
Durable Goods gain. Happy days are here again for real estate with price gains matching those seen pre bust. New home sales fall 4.6%, Euro crisis drags on.
Dallas Fed and Chicago National Index both higher. Cyprus gets its bank bailout but at what cost? Is our liquidity crisis morphing into a solvency crisis?
Fed leaves rates unchanged. The LIBOR scandal continues Freddie Mac sues the banksters alleging 3 billion in losses. The fiasco in Cyprus continues.
Cyprus votes down the EU bank deposit tax. Negative equity falls. Housing starts and permits increase. State level employment deteriorates California is worst.
SAC Capital settles insider trading charges for 600+ million. Cyprus floats a deposit tax of nearly 10%, a bank run ensues, the high price of Euro Zone bailout.