I attended a roundtable discussion a while back, where we discussed worldwide trends. A question about business came up: “What business functions will never go out of style?” My answer: “Debt, equity, and liquidity.” Seems simple and practical, right? You have a business idea or life aspiration, and someone rolls up to enable those goals […]Read More Will the pandemic cause commercial real estate to implode, or will bank fraud do the job first?
Remember Steve Mnuchin, the Goldman Sachs guy who became President-elect Donald Trump’s chief fundraising guy during this year’s campaign? He could be The Donald’s pick for Treasury Secretary. Mnuchin followed up his 17-year run as a Goldman Sachs banker — where he led the firm’s mortgage-backed trading group and also became the investment bank’s chief […]Read More Trump May Pick Hard-Core ‘Whites Only’ Banker for Treasury Secretary
Like any good trick football play, Presidential candidate Hillary Clinton’s misdirection on shadow banking requires a few enablers. First, your susceptibility — or abundant willingness — to have your attention diverted from where the ball actually is. Second, a diversion — or a series of them — to take advantage of your susceptibility. Third — […]Read More CLINTON’S SHADOW BANKING TRICK
As we approach the conclusion of Greece’s referendum today to see what “The People” think about the European Union’s bailout package in the face of that recent International Monetary Fund’s bombshell&more on that shocker later—I want to crystalize the issue at hand in familial terms. After taking a household salary cut to get a loan, […]Read More WHAT’S AT STAKE IN GREECE
While most Americans don’t seem to care about the brewing FIFA corruption scandal, I’m equally amused and annoyed about how the US Justice Department can find the time and energy to file criminal charges against an international soccer organization, but can’t seem to arrest banking executives for laundering the money of Saudi terrorists and Mexican […]Read More AMERICA’S PUZZLING FIFA BEEF
Senator Elizabeth Warren demonstrated the courage to not only call out Wall Street’s takeover of the US Government, but to also cite Citigroup-inserted language in the recent Senate spending omnibus bill which paves the way for the bankstas to put their hands in our pockets again by way of a future bailout. Senator Warren gave examples of the […]Read More RAP ON, SENATOR WARREN. RAP ON…