First, they were at $2 billion, then $4.4 billion, and now they’re growing even larger. JPMorgan‘s finance chief said this morning that the total loss from the bank’s chief investment office’s errant trades has totaled $5.8 billion so far. Traders involved in the gaffe could lose up to two years of income and no are [...]
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The clock ticks on toward global financial Armageddon, as Moody’s slashed the ratings of 15 large global banks late Thursday. Among the banks whose rating were lowered were Bank of America, JPMorgan Chase, and Goldman Sachs. The downgrades, which would also seem to reflect the ratings company’s concern over the uncertainty in Europe and the [...]
Here are your top stories for this Thursday morning, June 14, 2012: – Homs comes under attack in Syria – Mitt Romney blasts President Obama on the economy – JP Morgan Chase CEO testifies – Tsunami basketball returned
If the dawn of the Occupy movement around the world hasn’t convinced you that the few control the many, then perhaps this video will help wake you up. Once a year, the world’s elite businessmen, politicians, military experts, and media moguls gather at the annual Bilderberg conference behind closed doors to discuss how to further [...]
It’s on. The financial doom and gloom that’s been predicted for months, and perhaps years, is starting to rear its head – beginning in Europe. Greek depositors withdrew €700 million ($898 million) from local banks Monday, according to President Karolos Papoulias, as he warned that the situation facing Greece’s lenders was very difficult. Papoulias said [...]
Maybe it’s because I’m about 20 percent Sioux Indian, but this might be my new favorite meme. Suffice it say that unimpressed American Indian is unimpressed.