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Pam Martens and Russ Martens – Donald Trump Has a Goldman Sachs Problem: Derivatives

In the midst of being skewered across media outlets yesterday for his chaotic rollout of an Executive Order that appeared to target Muslims, including those legally living in the U.S. as businessmen, doctors, university faculty and students — who were initially denied reentry after travel abroad — President Donald Trump tried desperately to change the subject. Following a plunge of …

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Yves Smith – More on the Economic Hardship of Young Adults

In the US, the cost of the aftermath of the crisis has fallen heavily on young people, mainly due to bad policy responses to the crisis that we’ve described at length as it was happening: the failure to restructure bad loans (particularly mortgages) and impose costs on banks and investors, not just homeowners; the refusal to engage in enough fiscal …

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Focus on the Facts – – 01.23.17

The guest was Ruth Joanne Goodyear, a nurse and mental health professional who has done recovery work with victims of Satanic ritual abuse. Discussed the Pizzagate Scandal and the involvement of the Clinton Foundation, Jeffrey Epstein, the DynCorp Corp, George Soros, and NGOs in the Global pedophilia and human trafficking and organ trafficking networks.

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Graham Readfearn – How Donald Trump Kingmaker-Billionaires Robert and Rebekah Mercer Have Poured Millions Into Climate Science Denial

When it comes to climate science denial, some names come easily and deservingly to mind. There’s oil giant ExxonMobil — a company that contributed millions of dollars to organizations that told the public there was no risk from burning fossil fuels. There are the oil billionaire Koch brothers — Charles and David — and their ideological zeal against government regulations that drove them …

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Graham Vanbergen – Enemies of the State: How the Financial Services Industry is Destroying Democracy

The top ten banks in the U.S., along with their European counterparts have racked up over $300bn of fines, metered out by regulators since their egregious criminality caused a global crisis that unfolded in 2008. Its lingering influence is felt by billions of people worldwide nearly a decade later in a recovery slower than the Great Depression of the 1930’s. …

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Ruth Milka – Treasury nominee’s bank was accused of “widespread misconduct” for their role in foreclosure crisis

According to newly released documents published by The Intercept, OneWest Bank, which was ran by Trump’s treasury secretary nominee, Steven Mnuchin, from 2009 to 2015, repeatedly broke laws in California during the foreclosure crisis.  Although a suit was never brought against the company, the memo states that California’s attorney general “uncovered evidence suggestive of widespread misconduct.” OneWest is a delightful …

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Michael Krieger – Donald Trump Has an Enormous and Very Dangerous Wall Street Blind Spot

The biggest disappointment regarding Donald Trump since being elected President has been his total embrace of dangerous Wall Street thieves. As it is currently structured and incentivized, the financial services industry represents one of the most destructive and least beneficial forces within the U.S. economy. It is essentially a parasitic industry. Unfortunately, Trump didn’t merely pick one or two competent finance guys to …

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Pam Martens and Russ Martens – U.S. Quietly Drops Bombshell: Wall Street Banks Have $2 Trillion European Exposure

Just 17 days from today, Donald Trump will be sworn in as the nation’s 45th President and deliver his inaugural address. Trump is expected to announce priorities in the areas of education, infrastructure, border security, the economy and curtailing the outsourcing of jobs. But Trump’s agenda will be derailed on all fronts if the big Wall Street banks blow up …