Article Index


Three Reasons GE is Right to Bail on Banking


General Electric Company's (NYSE: GE) move to bail on its GE Capital finance unit has three obvious advantages - both long and short term - for investors.

First, the schizoid structure of the firm...

Bank Insurers Bet It All at the Deal Table… With Your Money

Here's a story about a bank that failed, got rescued, was resuscitated, and made its private equity investors more than 100% on their money, all the while costing the FDIC around $5.9 billion.
It's not a story about a failed bank... although it is.
It's not a story about how smart the bank's private equity "rescuers" were... although it is.
It's not a story about how the FDIC is such a great savior of banks.
Or that that moral hazard exists manifestly because the FDIC is a tool (not as in a tool used to fix something) that lets banks run hog-wild... although it is.
This is a story about how nothing has changed and why another bank crisis is coming... Full Story

The Staggering Numbers Your Bank Doesn't Want You to See

Many of us may have a small share of the country's largest banks in our wallet: a debit card, a credit card, or for the old-schoolers, a checkbook.

And each month we get a statement showing our account activity, not the banks'...

That's because there's a staggering number that the banks will never show you, or even reference, on the statement...

Yet it directly impacts what you're paying them... this month... and for years to come.

It's the staggering amount of fines that they've paid out for a litany of misdeeds.

They're all here, in one place. You'll be shocked to see how colossal they are...

Full Story

Inside the Bankster Settlements: Where All the Money Is Going

Everyone wants to know where the billions of dollars big banks have forked over to bank regulators, the SEC, the CFTC, the FERC, and the Department of Justice ends up.
But, before I can tell you who's paid out what, the infractions they committed, and where that money ends up, I want to give you information that's critical in assessing your bank and your investments...

Just who is it that's looking out for your money?

Best Stocks to Buy Now: A Big Growth Case for Small Banks

While the big banks may have the attention of the Street right now, it's the smaller regional and community banks that are among the best stocks to buy now.

These small bank growth stocks are starting to show dazzling growth as their balance sheets improve dramatically. And they are still very early in the recovery cycle, so there is still plenty of time for individual investors to catch this train...

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If A New Glass-Steagall Act Can Protect Us, Why Is There Opposition?

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There has been a huge outpouring of support for Senators John McCain and Elizabeth Warren's idea to reinstate some form of the Glass-Steagall Act, which drew a clear separation between investment banking and commercial banking.

The enthusiasm has managed to vault a wall that many thought impossible: broad bipartisan support.

In fact, from McCain and Warren on down to the right and left, strange bedfellows are signing on.

Whether it's the various Tea Party groups, or MoveOn.Org. Whether it's the Huffington Post or Breitbart, or Bill Clinton, there is plenty of common ground between all of these divergent groups.

Even in Congress itself, there is significant bipartisan support for at least the idea behind Glass-Steagall - that big banks should be broken up, and that those who remain should be absolutely prohibited from, frankly, gambling with our money.

It's perfectly clear that, among the people of this country, there is a real desire to bring banks to heel.

Professor William K. Black, veteran warrior of the Savings & Loan Crisis, put it well when he said that "it violates the core principles of conservatism and libertarianism to extend the federal subsidy (to)... commercial banks via deposit insurance to allow that subsidy to extend to non-banking operations," meaning that we, the taxpayers, shouldn't be forced to subsidize a bank's gambling habit.

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Empires have come and gone. Some lasted a blink of an eye and some millennia.
The question is, after 9/11, the rise of China and a great financial crisis, where does the U.S. empire stack up to its predecessors?
Well, it seems the one commonality they all have is the point when their might was undermined by sloth and greed. And entitlements: free bread and circuses. For some it took years, others centuries.
Here, in a compelling and unique address, is what Romulus Augustus, the last emperor of the Roman Empire, might say to President Obama now about how to keep America great.
Read on and share with family and friends...

After 14 Years of Free-for-All, Glass-Steagall Is Back

The diminutive senator from Massachusetts has got the Big Banks shaking in their boots. Elizabeth Warren fired a Scud missile of legislation at too-big-to-fail banks to separate their commercial banking activities from their investment banking speculation.
Let's see, that might just limit the contagion during the next financial crisis. Find out why Shah Gilani thinks the senator is right on the money...

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The Big Banks On Trial, Again

It looks like the big banks aren't out of the woods from past indiscretions yet.

Just this week the most powerful court in Europe has accused 13 major global financial institutions (many US based) of colluding back in the heady days that led up to the 2008 financial reckoning.

But that's only the tip of this high-end iceberg...

The Latest Obama Outrage: the Family's $100 Million Vacation

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How much do you spend on your summer vacation? American households usually spend about $1,200 per person on summer vacations, according to a recent American Express survey.

Presidents spend more on their vacations than you or I. They have to. Air Force One and security does cost more than loading the Honda and heading to the beach.

Here's how much some recent presidents spent our tax dollars on vacation.

Ronald Reagan spent most of his free time at his California ranch. Taxpayers covered the cost of approximately $8 million for presidential travel during Reagan's first six years in office, according to the Los Angeles Times. That amounts to $1.3 million a year.

For George Bush the cost of flying Air Force One to his Texas ranch was approximately $56,800 per trip, for each of the 180 trips according to Media Matters. President Bush spent Christmas during his two terms at the White House so his staff and secret service could spend the holiday with their family, according to Conservative Byte.

Now Obama plans to blow away all previous presidents' leisure travel costs on our dime with a better than Disney World extravaganza trip to Africa.

However Obama had to cancel the safari because of the need to fill the surrounding jungle with snipers to guard the president from wild animals!

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It's Enough to Make Your Blood Boil

According to Shah Gilani, the usual suspects are at it again and nobody but Elizabeth Warren is willing to push back. Read more...

Check Out Who's Hiding $32 Trillion in Offshore Accounts

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Emails uncovered by British media and a DC-based group show $32 trillion has been hidden in offshore accounts. Guess who the culprits are... Read more...

There is No Such Thing as a "Safe" Big Bank

Shah Gilani pulls back the curtain on dangerous big bank shenanigans. The bottom line: The 2008 financial crisis could happen all over again. Read more...

The Next Bank Meltdown Won't Be an "Accident"

Do you want the truth about what shape banks are in right now? Sure you can handle it? Shah Gilani explains why nothing has really changed. Read more...

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