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Yana Kunichoff – Goldman Sachs’ New Loan Program Enters Underregulated, Potentially Abusive Loan Marketplace

In the heady and panicked months following the financial crash of 2008, the US government bailed out a handful of the United States’ biggest financial institutions. Among those were the investment banks Goldman Sachs and Morgan Stanley, which together received bailouts and loans totaling over $100 billion. Among the terms of the bailout was that they both become bank holding companies, which meant …

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Pratap Chatterjee – “Project Omega” Reveals Secrets Of Dark Pools Stock Trading

Investment Technology Group (ITG), a U.S. stock broker, paid a $20.3 million fine for running a secret operation named Project Omega to take advantage of “dark pools” trading orders made by its clients. Experts say that Barclays and Credit Suisse may also soon pay fines for dark pools trading scams.Most traders buy and sell stocks on public stock exchanges – …

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Tara Lohan – Fossil fuels have become an economic liability—for both consumers and energy companies.

Deborah Lawrence had been watching a once-empty parking lot near Midland-Odessa, Texas, fill up with idled drilling rigs usually at work plumbing for oil in the nearby Permian Basin. In January she noticed 10 rigs, then 17 a few weeks later. As winter turned to spring, the number climbed to 35. That trend has continued across the country. By the …

How Goldman Sachs Profited from the Greek Debt Crisis – ROBERT REICH

The Greek debt crisis offers another illustration of Wall Street’s powers of persuasion and predation, although the Street is missing from most accounts. The crisis was exacerbated years ago by a deal with Goldman Sachs, engineered by Goldman’s current CEO, Lloyd Blankfein. Blankfein and his Goldman team helped Greece hide the true extent of its debt, and in the process …

What’s Really Behind Goldman Sach’s Bullish Stance on China Stocks? By Pam Martens and Russ Martens

Goldman Sachs is raising eyebrows on Wall Street with its unchecked bullish stance on the stock markets in China, as other major Wall Street firms issue investor cautions or take outright negative outlooks. Communist government intervention in Chinese markets is reaching unprecedented levels of meddling. Companies have been allowed to simply stop trading their shares to halt further price declines; …

Biotech stock bubble set for massive implosion: Stocks rose 88% AFTER Fed chair admitted they were overvalued by J. D. Heyes

If you’re trying to understand today’s stock market and are having some degree of difficulty, you’re not alone. The markets are confusing enough sometimes for experts, so they can be particularly baffling for laypersons. Still, a few economic basics ought to be pretty simple to understand, right? Wrong – apparently. About a year ago, as documented by the Zero Hedge website, Federal Reserve …

Thanks to Wall Street, America Has Growing Greek-Like Debt Bombs By Pam Martens and Russ Martens

From the $1.2 trillion instudent debt now on the backs of U.S. college students, a growing number of whom are turning to prostitution to keep up, to teetering Puerto Rico, the bankruptcy of Jefferson County, Alabama in 2011, Detroit’s bankruptcy in 2013, Wall Street was on hand to grease the skids or set the train wreck in motion.Greece has two things in …

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Goldman Sachs Doesn’t Have Clean Hands in Greece Crisis By Pam Martens and Russ Martens

Are Goldman Sachs executives Lloyd Blankfein, Gary Cohn and Addy Loudiadis losing any sleep over elderly pensioners waiting outside shuttered banks in Greece, desperately trying to obtain their pension checks to pay their rent and buy food? Are these Goldman honchos feeling a small pang of conscience over the humiliation by creditors of this once proud country? Perhaps Blankfein, who …

Wall Street Frets about its Nightmare Generation by Wolf Richter

Turns out, to the greatest consternation of some folks on Wall Street, millennials are smart. “They don’t trust the stock market,” Goldman Sachs determined in a survey. Only 18% thought that the stock market was “the best way to save for the future.” It’s a big deal for Wall Street because millennials, having surpassed the baby boomers, are now the largest US …

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Ten Ways Hillary Clinton and Jeb Bush Are Basically the Same Presidential Candidate – Jake Anderson

Now that Jeb Bush has officially announced his intention to run for president in 2016, the most corporate-funded presidential election in history is set to begin, headed by two prospective frontrunners with eerily familiar names. It’s Bush versus Clinton—again! With third party candidates certain to be relegated to back alleys, we see, yet again, two of the prized families of …