Banks- The record bank bonuses are based on a huge fraud

Wednesday, May 23, 2012




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3.	An epic boondoggle gets worse: The FDIC is broke




1.	Forget the selloff... This could be the biggest gold news of the month

2.	Controversial post: "We're about to have another 2008-style crisis"

3.	Why a "panic buying opportunity" could be coming in tiny resource stocks

4.	The simple fact most Americans don't understand about our "too big to fail" banks

5.	The European Central Bank made an incredible statement on Greece today

The record bank bonuses are based on a huge fraud

Friday, January 15, 2010
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From The Big Picture:

Top biggest banks and brokers are on pace to award $145 Billion for 2009, up 18% from the year before, according to a WSJ study.

This is based on two factors: Zero % money from the Fed, and a massive accounting — and legal — fraud.

How hard is it for any finance firm to make risk free money when they can borrow form the Federal Reserve at zero, and lend that same cash to the Treasury (by buying bonds) at 3%?

I suspect this is essentially...

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Chinese banks are a disaster

MUST read essay from Jeff Clark

The REAL state of the US banking industry

Topics:		Banks \| Fraud \| Boondoggle

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