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Archive for the 'Banking' Tag
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Financial Crisis: Max Keiser – “Goldman Sachs Are Scum”
“…They are literally stealing a hundred million dollars a day. Goldman Sachs is stealing every day on the floor of the exchange. They should be in the Hague, they should be taken on financial terrorism charges. They should all be thrown in jail…”
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Animation: Credit Crisis visualized (one more time)
An outstanding visualization by Jonathan Jarvis – the 101 guide to the credit crisis animated.
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Banking Crisis: Bleed the World
A great video making fun of those responsible for the current global financial crisis. “Band-Aid” look-a-like “Bleed the World” is urging people to digg deep for those really in need this Christmas – the bankers.
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How to pay for National Health Care – The Wall Street way
For those who still don’t believe that something is substantially wrong with the way Wall Street and so-called investment banks / Hedge funds around the world have siphoned astronomical amounts into their pockets, here’s another example how the pyramid scheme worked / is being used.
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Stock Markets: VW speculations
How crazy the worldwide stock markets have become and how little effects the Trillion dollar packages, speeches and appeals of politicians had on the casino players could one more time be seen today in Germany.
Stocks of one of the worlds largest car makers, VW, rose more than 300 % with intraday peaks even higher – yes we mean it – more than three hundred percent. And some of the in-the-money call options have seen their prices increase of more than 27,000% (twenty seven thousand percent).
While car makers around the world tiptoeing along bankruptcy and demand forecasts for the next year(s) are at best catastrophic for some of them – BMW today stopped production for a few days in some of its factories and Daimler today announced that they will stop production for a few weeks later this year- the outlook for VW is anything but peachy as well.
It’s not fundamentals that are behind these price jumps, it’s plain speculation, the same casino plays like…
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Germany: Bank Robbers ante portas
There was a lot of hectic movement with governments around the world the last weeks to confine the disasters from betting / wild casino speculation within financial institutions. Approaches and road maps laid out (if any) are pointing to different directions even in the key G7 developed countries.
The U.S. – for example – first wanted to give absolute powers to the executive branch and the government – a move widely criticized and changed by the U.S. Congress in the debates following the first bailout plan.
France and the UK have taken another road and bailing out their banks by providing funds only against a collateral – meaning they are de-facto nationalizes key players in their finance industries. France even went a step further with President Sarkozy calling for the creation of national industry funds to stop the fire sales of key industrial players to overseas investors – an interesting step that found much applause with the European Parliament. If you think that further it…
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