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  • Barclays Bank $453 million fine causes panic world wide among banks

    This record fine on a prestigious bank appears to be a very big deal and could have an effect on many other banks including Citigroup and JPMorgan. http://www.dailymail.co.uk/news/article-2166198/Libor-scandal-Barclays-blows-whistle-Americas-financial-gia... Read More

    News
    < 1 min read
  • ObamaCare is ruled to be a tax

    Remember all the hoopla about how ObamaCare was a "penalty" and not a tax? This was how it was sold to the American public in order to get it passed. Well, now the Supreme Court has ruled that it is a tax, not a penalty. Watch for this to become... Read More

    News
    < 1 min read
  • Slovenia next in line for bailout?

    So says their Prime Minister. http://www.bloomberg.com/news/print/2012-06-27/slovenia-may-ask-for-bailout-in-july-prime-minister-jansa-says.html Who's next in line?... Read More

    News
    < 1 min read
  • Remember the poor (central banks)

    Forbes reported last September that an audit showed that the Federal Reserve loaned out $16 trillion. "The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media – albeit the results are undoubtedly newsw... Read More

    News
    1 - 2 min read
  • JPMorgan loss may be $9 billion

    http://dealbook.nytimes.com/2012/06/28/jpmorgan-trading-loss-may-reach-9-billion/?hp Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been bri... Read More

    News
    < 1 min read

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