SBF’s Lawyer Says FTX Co-Founder Was ‘Worst’ Witness Ever
Stanford Law professor David Mills, who led Sam Bankman Fried’s criminal defense trial, says the FTX co-founder went off the rails when he took the stand. “He may be at the very top of the list as the worst person…
While Americans Stand at Food Banks, Congress Sneaks in a $34,000 Pay Raise
BanksterCrime: HNewsWire: by Tyler Durden As House Democrats were set to hand power over to the Republicans following their midterm loss, they slipped in a provision into the House’s internal rules under the guise of aiding their less affluent…
The SEC Is Making Deutsche’s CEO Personally Responsible For Bank’s Crimes
Since launching its last major international expansion push in the late 1990s, Deutsche Bank has become knonw – particularly over the last ten years – for manipulating markets (most recently in the precious metals “spoofing” scandal in the US) and aiding…
Another Bank Bailout Under Cover of a Virus
Bulls Charge To All-Time Highs As discussed previously in “Insanely Stupid,” we noted the market remained confined to its consolidation channel, but the bullish bias was to the upside. “While the market has not been able to push above the recent July…
JPMorgan Is “Counting The Days” Until The Second Covid Wave
As governments ease lockdown restrictions, attention is focused on the risk of a second wave of COVID-19 infections. And, as JPMorgan writes, “the message from most people is: so far, so good, although as everyone also recognizes the lags with…
Get Ready For World Money
Since Federal Reserve resources were barely able to prevent a complete collapse in 2008, it should be expected that an even larger collapse will overwhelm the Fed’s balance sheet. That’s exactly the situation we’re facing right now. The specter of…
We Just Witnessed The Largest Single Day Stock Market Point Crash In History (Again)
It has happened again. On Thursday the Dow Jones Industrial Average fell 2,352 points, which was the largest single-day stock market point crash in history. Of course, the old record only lasted for three days, because on Monday the Dow…
Deutsche Bank, Donald Trump, And An Epic Trail Of Destruction
The Institutional Risk Analyst, we review the new book by David Enrich, “Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction.” Enrich is currently a financial editor at The New York Times and was previously an editor at The Wall Street…
Coronavirus Triggers “Biggest Shock” To Oil Markets Since Lehman Crisis
Update: The Telegraph’s Ambrose Evans-Pritchard warned that the collapse in Chinese oil consumption is “the biggest shock to oil markets since the Lehman crisis.” Evans-Pritchard said the plunge in consumption could be between three to four million barrels per day, adding that this…
Former Co-Head Of Investment Banking At Goldman Asia Banned For Life By The Fed
Former Goldman Sachs partner Andrea Vella has been barred from the industry over his involvement in the Malaysian investment fund scandal known as 1Malaysia Development Berhad (1MDB), a press release from the Federal Reserve said Tuesday. Vella, a former the Goldman Sachs’…