Why Would Goldman Sachs and BofA Throw Gasoline on the Stock Market Fire Yesterday?
The stock market, as measured by the Dow Jones Industrial Average, had already lost a total of more than 2,000 points in the prior three days of trading; Stock futures were showing a big loss at the open of trading on Thursday; News reports had proliferated overnight...
Fed’s Stress Tests on Banks Should Have Factored in a Pandemic
Each year the Federal Reserve comes up with a hypothetical, severely adverse economic scenario against which it evaluates the ability of Wall Street’s mega banks to weather the storm. Called “stress tests,” this year’s severely adverse scenario features a severe...
Wall Street Banks, Insurers Sell Off — Dangerously Linked by Derivative Trades
If the federal government wants to quarantine the most dangerous threat to the financial health of the United States, it will impose a lockdown and decontamination of the federally-insured banks that are holding tens of trillions of dollars in derivative trades....
One Month After Hillary Clinton Says “Nobody Likes” Bernie Sanders, He Makes History Winning Popular Vote in First Three States
One month ago former presidential candidate Hillary Clinton confirmed to Hollywood Reporter Lacey Rose that the remark she had made in a recent documentary that “nobody likes” Senator Bernie Sanders was still her assessment of the situation. That assessment...
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