Blog Posts - Big Banks



TOO BIG TO FAIL - Dodd-Frank Law

"Is Dodd-Frank missing some vital regulatory firewalls?" PBS NewsHour 4/12/2016ExcerptSUMMARY:  Investment bank Goldman Sachs became this week the last big institution to settle with the federal government for its role in the 2008 financial cris...
by Mage Soapbox on Apr 18, 2016

TOO BIG TO FAIL - Barney Frank vs Bernie Sanders

"Barney Frank takes on Bernie Sanders and the ‘too big to fail’ argument" PBS NewsHour 3/24/2016ExcerptSUMMARY:  It’s been a common theme this campaign season: Are our banks still too big to fail?  Former treasury official Neel Kashka...
by Mage Soapbox on Mar 28, 2016

Why Your Vote Has Never Really Mattered in National Elections

Poor Man Survival Self Reliance tools for independent minded people… www.poormansurvivor.net   ISSN 2161-5543 A Digest of Urban Survival Resources While campaigning a politician is one who offers the voter a nice dinner but once elect...
by Urban Survival Resources on Mar 24, 2016

Africa: BitCoins and FinTech companies’ to help Big Banks beat Disruption

African banks have been late to the fintech party, but after leaving huge swaths of the population to get their financial services from telcos (most famously Safaricom’s M-Pesa in Kenya),... This is a content summary only. Visit www.cp-africa.com...

GREED FILES - Big Bank Rigging

"DOJ gets unprecedented guilty plea by five banks for rigging currency markets" PBS NewsHour 5/20/2015ExcerptSUMMARY:  Five major banking institutions pleaded guilty to rigging currencies and manipulating the foreign exchange market in a case br...
by Mage Soapbox on May 25, 2015

Cops, Big Banks, Wall Street and the Rest of Us

So what do cops, big banks and Wall Street have in common?“All three,” according to Wally, “can get away with most anything and never go to jail.”Cops are, after all, our last best defense against total breakdown and chaos while big banks and...
by Weird Wally's Worldview on Dec 4, 2014

Perfect Opportunity for Investors to Liquidate Some Positions?

What the heck is with this stock market? The ability of the stock market to hold and avert a major correction over the past two weeks and then follow this with an upward move on the charts is a surprise—at least in my view it is, as it clearly show...

More Evidence Pointing to Manipulation in Gold Market?

While I avidly follow the actions of central banks to see where the gold bullion prices may be headed next, when I look at them today, their actions are speaking louder than words. Central banks have pretty much stopped selling gold bullion, which is...

My Bet: New Fed Chief Loves Printing Presses More Than the Last Guy

Companies in key stock indices have started to report their corporate earnings for the third quarter of this year. Not surprising, they are weak and show signs of stress. According to FactSet, up until October 4, 90 companies in key stock indices lik...

Beware of the Bear Dressed Up as a Bull

Income is the largest factor when it comes to determining changes in the consumer spending. Unfortunately, personal income is declining in the U.S. economy—not a good indicator; no matter how anyone tries to spin it. In the first eight months of 20...

All of a Sudden, the Bank Stocks Look Good

The results are in for the bank stress tests by the Federal Reserve, and they show, as I had expected, an improving banking sector that is more defensive to risk and much improved as far as their balance sheets, liability, and vulnerability to dire m...

“Oz: The Great and Powerful” Perfect Analogy of the Fed

“Oz: The Great and Powerful” is The Walt Disney Company’s (NYSE/DIS) latest flick about a character named Oscar Diggs who is a con artist. He finds himself in the Land of Oz, where he is a magician that’s ethically challenged. It’s quite th...

Big Banks Are Too Big and Get $83 Billion in Lower Interest

Attorney General Eric Holder indicated in testimony before the U.S. Senate that some Wall Street banks have gotten so big that they are now above the law. He actually said earlier this week: I am concerned that the size of some of these institut...

THE STORY SO FAR: PART 180

THE FINANCIALIZATION OF AMERICA—AND THE DEATH OF THE AMERICAN DREAM THE FINANCIAL SECTOR’S SHARE OF BUSINESS PROFITS IS NOW 50% The coverage of issues in this Great Country is a curious business. The information is normally out there—somewhere...

Big Bank Lending on the Decline

As I have been harping on about in these pages, one of the main concepts behind the Federal Reserve’s idea of quantitative easing was to improve lending to stimulate the U.S. economy. The Fed bought troubled assets from the big banks and provided t...

High Risk to Start the New Year

Happy New Year to our Profit Confidential readers! In 2012, small-cap stocks were the second-best performing group, following the technology sector. The Russell 2000 was the top performer in December and has been since the end of the first quarter. H...

Why the U.S. Will Fall into Recession Even if the Fiscal Cliff Is Averted

Nowadays, there is a growing fear that the U.S. economy will fall into a recession if the much-talked-about “fiscal cliff” is not averted. According to the Congressional Budget Office (CBO), if the fiscal cliff is not avoided, the U.S. economy wi...

Two Largest Eurozone Countries Now Also Under Pressure

The ripple effects of the eurozone crisis are spreading across the region, and countries are witnessing severe economic slowdown. No, it’s not Greece, Spain, Portugal, or Italy alone; this time around, it’s Germany and France—two of the biggest...

My Warning on the 25th Anniversary of Black Monday

If you based the condition of the market on the current trading action of stocks, you would think everything was fine and there were no worries. Yet with the recent 25th anniversary of the infamous Black Monday, when the DOW plummeted 22.6% on Octobe...

What Chipmakers Are Facing in this Market

In my last article, I discussed the early earnings and cautioned against letting your guard down and chasing the market higher. If you look at the recent trading volume, you can see it continues to be on the light end despite the fact that the equiti...


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