Barack Obama’s former top cop cashes in after six years of letting banks run wild By Matt Taibbi July 8, 2015 Read more: http://www.rollingstone.com/politics/news/eric-holder-wall-street-double-agent-comes-in-from-the-cold-20150708#ixzz3fQ8YbBLp Follow us: @rollingstone on Twitter | RollingStone on Facebook
By Alan Gilbert One might think New York was a bastion of abolitionist sentiment before the Civil War. Hamilton’s Federalists had led a move for gradual emancipation in 1799; the last black person was freed […]
Via The Burning Platform “Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.” –James Grant, Grant’s Interest Rate Observer The Federal Reserve issued their fourth quarter Report on Household […]
by Tyler Durden The quaint notion that the U.S. political system remotely resembles either a Republic or a Democracy should have been abandoned long ago. Any lingering illusions were surely extinguished last year, when an academic study empirically […]
BY DAN FROOMKIN Powerful, unaccountable, and operating far in the shadows, the Lords of Secrecy, as author Scott Horton calls them, are real, and they are in charge of our national security state. Horton, a lawyer, […]
The Burning Platform “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a […]
By The Burning Platform Ticking away the moments that make up a dull day You fritter and waste the hours in an offhand way. Kicking around on a piece of ground in your home town […]
The Automatic Earth Jack Delano. Cars being precooled at the ice plant, San Bernardino, CA Mar 1943 Large and/or institutional investors, your pension funds, your market funds, you name them, have one glaringly obvious and immense […]
Submitted by Tyler Durden While on the surface the US economy has been chugging along from GDP-crashing “snow in the winter” to GDP-cratering “warmer|cooler than expected weather in the spring|summer|fall“, with bouts of GDP-boosting inventory accumulation […]
By John Morgan The same kinds of complex, confusing derivatives that almost brought down the global financial system in 2008 are back in spades, according to the Financial Times. As one trader put it: “We’ve reformed […]
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