Janet Tavakoli: The Biggest Fraud in the History of Financial Markets
Yesterday (Oct 8) on my TORi show I mentioned about the foreclosure-gate. Janet Tavakoli call it ‘the biggest fraud.’ She is one of the most trusted voices...
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There is No Honor Among These Thieves
His name is Jerome Kerviel. He was a trader at Societe Generale, a French bank which did speculative trading as its main business along with some conventional banking....
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What is POMO King Ben Upto?
POMO stands for permanent open market operations by the US federal Reserve Board. With a POMO, the Fed buys the US Treasury debt and pumps liquidity into the system....
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“The Big Picture” of Incomplete Housing Projects
Boston Globe features a photo essay (The Big Picture) on a number of huge and unfinished housing projects in Florida. My jaw dropped when I recognized the actual size...
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Savers, Stop Whining! (No, This is Not a Joke)
This comes to you via UK’s Telegraph: Savers told to stop moaning and start spending Savers should stop complaining about poor returns and start spending to help...
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CNBC Europe is More Credible Than CNBS US
This comes to you via Zero Hedge: First Griffiths dissects POMO: “One of the reasons [for the surge] is POMO: what happens is the Fed buys Treasurys off the...
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