Keyword: wallstreet

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  • What Do We Know?

    09/26/2016 2:03:48 PM PDT · by Weeble · 5 replies
    ZeroHedge ^ | 09/26/2016 | Jim Quinn
    As this vitriolic, unpredictable, outrageously entertaining presidential campaign enters its final stages I find myself pondering what happens next. I was reminded of the last scene in the 1972 movie, The Candidate. The movie is about a young untested non-politician candidate for U.S. Senator in California who puts his fate in the hands of a veteran political operative and overcomes a double digit polling deficit to win a huge upset victory. His entire focus during the campaign was to win. In the final scene of the movie he is standing among the celebrating campaign staffers and the fawning press corp....
  • Measuring Occupy Wall Street’s impact, 5 years later

    09/18/2016 6:29:35 PM PDT · by 2ndDivisionVet · 9 replies
    The Bend Bulletin ^ | September 18, 2016 | Deepti Hajela and Michael Balsamo, The Associated Press
    NEW YORK — For a time, Occupy Wall Street was everywhere with its grass-roots encampments — first in New York City, then globally — and the refrain, “We are the 99 percent!” And then it was gone. Its most famous camp in lower Manhattan was cleared out in an overnight police raid two months after it started, and other Occupy locations fizzled soon thereafter. But five years later, demonstrators gathered once again in New York’s Zuccotti Park on Saturday to commemorate the movement and what they said has been its lasting impact.....
  • Wall Street doesn't just see a Hillary win, it sees a landslide ( shades of Brexit!)

    08/29/2016 1:13:17 PM PDT · by GilGil · 48 replies
    CNBC ^ | 8/29/2016 | Patti Domm
    Wall Street is pricing in a landslide victory for Hillary Clinton, but if she starts to lag, there could be a big unwinding of stock and bond market positions, according to Bank of America Merrill Lynch's David Woo. Woo said the market is also pricing in a split Congress, with Republicans controlling the House and Democrats the Senate. That would maintain the deadlock in Washington. "You have a Democrat president, and a Republican controlled Congress which means you have gridlock in Washington. The market is pricing in this gridlock, meaning it's going to be that much of the burden of...
  • What the Fed Hasn't Fixed (and Actually Made Worse)

    08/20/2016 2:31:20 PM PDT · by Lorianne · 6 replies
    Of Two Minds ^ | 18 August 2016 | Charles Hugh Smith
    The Fed has not only failed to fix what's broken in the U.S. economy--it has actively mad those problems worse. The Federal Reserve claims its monetary interventions saved America from economic ruin in 2009, and have bolstered growth ever since. Don't hurt yourself patting your own backs, Fed governors past and present: it's bad enough that the Fed can't fix the economy's real problems--its policies actively make them worse. After seven long years of politicos and the financial media glorifying the Federal Reserve's policies as god-like in their power and efficacy, let's take a quick look at the results of...
  • Wall Street hot shot ‘trashes’ $20M Hamptons home (New York)

    07/07/2016 4:18:28 PM PDT · by dynachrome · 30 replies
    Pagesix ^ | 7-6-16 | Emily Smith
    <p>Now the furious owner of the 14-bedroom estate in Bridgehampton plans to sue Barna, 31, for $1 million, saying the Wall Street hot shot had claimed the party would be a fundraiser for an animal charity for a mere 50 guests. Plus, Barna is disputing the $27,000 Airbnb rental and is refusing to pay.</p>
  • Clinton's State Dept. calendar missing scores of entries

    06/24/2016 4:22:04 AM PDT · by Bulwinkle · 61 replies
    AP ^ | 6/24/2016
    The AP review of Clinton's calendar — her after-the-fact, official chronology of the events of her four-year term — identified at least 75 meetings with longtime political donors and loyalists, Clinton Foundation contributors and corporate and other outside interests that were either not recorded or listed with identifying details scrubbed. The AP found the omissions by comparing the 1,500-page document with separate planning schedules supplied to Clinton by aides in advance of each day's events. The names of at least 114 outsiders who met with Clinton were missing from her calendar, the records show...
  • Some Business Leaders Abandon GOP (barf alert)

    06/23/2016 1:22:42 PM PDT · by KeyLargo · 29 replies
    The Wall Street Journal ^ | June 23, 2016 | Laura Meckler
    Politics Election 2016 Several GOP Business Leaders Are Backing Clinton Democratic presidential candidate to get backing from executives, some of whom cite unease with Trump’s candidacy By Laura Meckler June 23, 2016 12:09 a.m. ET More than 50 business executives, including several longtime Republicans, endorsed Hillary Clinton for president on Thursday as her campaign seeks to capitalize on discomfort with Republican Donald Trump. They include Jim Cicconi, senior executive vice president at AT&T Services Inc., and Dan Akerson, who held top positions at General Motors Co. and Nextel Communications Inc. A Clinton campaign aide provided the list. The endorsements reflect...
  • Good News for Bulls: All Those Open Gaps Below Will Never Get Filled

    06/10/2016 8:53:05 AM PDT · by Lorianne · 11 replies
    Of Two Minds ^ | 07 June 2016 | Charles Hugh Smith
    By making the stock market the only game in town, the Powers That Be can no longer afford to let it decline for any reason. Market technicians have long observed that the holes in charts left when markets gap up or down at the open of trading almost inevitably get filled later on. When the market gaps down, it will eventually rise to fill that gap. When the market gaps up, it will eventually decline to fill that open gap. Since there are open gaps galore lurking in the lower depths of the S&P 500's chart, that would typically suggest...
  • Is the Fed Outright Buying Stocks/Futures to Prop Up the Markets?

    06/08/2016 9:21:25 AM PDT · by Lorianne · 56 replies
    Zero Hedge ^ | 07 June 2016 | Phoenix Capital
    “Someone” is getting desperate. Throughout the last week, anytime stocks have begun to correct or drop, “someone” has bought S&P 500 futures to prop the market up. Anyone who’s been involved with the markets for a while knows the difference between real buyers and manipulation. This is manipulation plain and simple. Look at all those “V” rallies. Three days in a row stocks opened DOWN and someone immediately stepped in and began buying aggressively. Another tell-tale sign of manipulation: the buying halts almost the moment stocks get to 2,100 on the S&P 500. At this point the manipulation ends. And...
  • Market getting comfortable with a Trump presidency

    05/31/2016 9:45:40 AM PDT · by RoosterRedux · 16 replies
    CNBC ^ | Giovanny Moreano |
    Wall Street seems to be growing more comfortable with the possibility of Donald Trump winning the presidential election, according to a recent poll by Strategas Research Partners. A survey conducted by the firm among more than 650 institutional clients, shows that 50 percent of the respondents believe the billionaire businessman will secure the presidency, compared with only 22 percent back in April. Even as Trump's prospects improved in the eyes of investors, the stock market has climbed almost 2 percent in May and hovers near an all-time high. "The most jarring change is that it appears that the possibility of...
  • Tripwire Alert – Signals Intelligence Indicates Wall Street Dropping Hillary Clinton

    05/27/2016 4:18:03 AM PDT · by detective · 50 replies
    Conservative Treehouse ^ | May 26, 2016 | Sundance
    FIRST, if you have not followed the “Tripwire Series” this update might take a while to fully digest. There are key indications the real presidential decision-makers have shifted. I would strongly suggest you watch this video before continuing, and remind yourself that Andrea Mitchell is Alan Greenspan’s wife (this is one of the “keys” moving forward). The video is Mika Brezinski outlining the latest State Department report on the Hillary Clinton E-Mail Scandal: “it feels like Hillary Clinton is lying”
  • VIDEO SURFACES=> HILLARY CLINTON Defended WALL STREET – Blamed Homeowners During Financial Crisis

    05/24/2016 5:28:55 PM PDT · by blueyon · 33 replies
    The Gateway Pundt ^ | 5/24/16 | Jim Hoft
    On Tuesday Hillary Clinton accused Donald Trump of “cheering” the housing crisis that saw millions of Americans lose their homes. Hillary Clinton was probably hoping her comments during the crisis would not surface.
  • Banker plunges to his death after eating magic mushrooms

    05/23/2016 12:27:11 PM PDT · by Oldeconomybuyer · 86 replies
    New York Post ^ | May 23, 2016 | by Tina Moore
    A Merrill Lynch analyst ate a handful of magic mushrooms in his Manhattan apartment Sunday morning - and then plunged to his death out of his 26th floor window. Alex Lagowitz, 23, was found dead on a third floor, outdoor patio around 10 a.m. - directly below his bedroom window at Windsor Court on East 31st Street and Lexington Avenue in Murray Hill. It’s still unclear if he purposely jumped or lost his balance and fell out of the window.
  • Bernie Sanders Goes After Big Banks -- in Theory

    05/22/2016 5:21:00 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | May 22, 2016 | Debra J. Saunders
    On Wednesday, Bernie Sanders had lunch at the Chieftain, a cozy pub near the San Francisco Chronicle. In days gone by, it served as a lunch spot for parched journalists. Earlier, Sanders had addressed a rally in San Jose; he had another scheduled in Vallejo, California, that night. When he exited the Chieftain by a back door onto Howard Street, passers-by shouted out his name. A man who hailed Sanders as his "hero" asked the Democratic presidential hopeful to pose for a photo. There were more selfies with more fans who could not believe their luck in stumbling upon a...
  • Gnats and Irrelevant Nuts – The Economically Dissonant Opposition…

    05/13/2016 4:55:48 AM PDT · by Bratch · 18 replies
    Beyond the larger context of Globalists VS Nationalists, the internal opposition to Common Sense economic conservatism/nationalism can be fundamentally broken down into two categories: ♦  The first group are those who are fundamentally naive about large and historic economic issues; and how the economy was changed, forced to change, through the past forty years by financial interests who created a second, “false“, paper economy. This first group is generally young, pseudo-intellectual, and their only reference has been while formally educated within the last thirty years (they’re under 50).   Most of the oppositional (conservative) punditry falls into this category.  Important to note, this...
  • As Predicted – Billionaire Ted Cruz and Jeb Bush Backers Now Financing Hillary Clinton…

    05/10/2016 8:02:06 AM PDT · by Bratch · 27 replies
    The Last Refuge ^ | May 9, 2016 | sundance
    When contemplating the “inevitability threshold” we anticipated last year the Wall Street power brokers would switch to supporting Hillary Clinton if Donald Trump became inevitable.  […]  The Tripwire we identified back in July 2015 remains today.  If Wall Street (writ large) views Donald Trump as inevitable, they will re-evaluate –QUICKLY– the opposite side of their controllable coin.  Meaning they will evaluate Hillary Clinton. Wall Street (The U.S. CoC, Tom Donohue, and all varied interests, DNC/RNC et al) set this up as a win/win. A Clinton/Bush strategy.  If Trump is believed to be inevitable in victory over Bush, they need to re-evaluate the Clinton...
  • Paul Ryan sold shares on same day as private briefing of banking crisis

    05/09/2016 6:14:50 PM PDT · by Sybeck1 · 49 replies
    The Guardian ^ | 8/13/2012 | Dominic Rushe
    Paul Ryan, Mitt Romney's vice-presidential running mate, sold stock in US banks on the same day he attended a confidential meeting where top level officials disclosed the sector was heading for a deep crisis. The congressman on Monday denied profiting from information gleaned from the meeting on 18 September 2008 when Federal Reserve chairman Ben Bernanke, then treasury secretary Hank Paulson and others outlined their fears for the banking sector.
  • Donald Trump: I’m Not ‘Selling Out to Wall Street’ by Bringing On Goldman Sachs Alum

    05/06/2016 10:03:44 AM PDT · by winoneforthegipper · 50 replies
    Breitbart ^ | 05/06/16 | John Hayward
    On Friday’s Breitbart News Daily, SiriusXM host Stephen K. Bannon asked Donald Trump about the appointment of his business associate Steven Mnuchin as campaign finance chairman. The move has been criticized because of Mnuchin’s long tenure with Goldman Sachs–the financial giant seen as a Wall Street villain by the populist constituency that propelled Trump to victory in the GOP primary. In fact, during the Republican primary, Senator Ted Cruz was criticized because his wife Heidi worked for the company. “Some people are saying, ‘He’s selling out to Wall Street already; he’s gonna have all kinds of favors he’s going to...
  • Icahn: We're out of Apple, and it's China's fault

    04/28/2016 11:54:25 AM PDT · by ImJustAnotherOkie · 22 replies
    CNBC ^ | 4/28/2016 | Jacob Pramuk
    Billionaire investor Carl Icahn told CNBC on Thursday he has sold his Apple position as the tech giant's stock continues to shed value after disappointing earnings. "We no longer have a position in Apple," Icahn told CNBC's "Power Lunch," noting Apple is a "great company" and CEO Tim Cook is "doing a great job."
  • U.S. Government Is Now a Major Counterparty to Wall Street Derivatives

    04/24/2016 7:43:59 PM PDT · by Lorianne · 19 replies
    Wall Street on Parade ^ | 21 April 2016 | Pam Martens and Russ Martens
    According to a study released by the Federal Reserve Bank of New York in March of last year, U.S. taxpayers have already injected $187.5 billion into Fannie Mae and Freddie Mac, two companies that prior to the 2008 financial crash traded on the New York Stock Exchange, had shareholders and their own Board of Directors while also receiving an implicit taxpayer guarantee on their debt. The U.S. government put the pair into conservatorship on September 6, 2008. The public has been led to believe that the $187.5 billion bailout of the pair was the full extent of the taxpayers’ tab....
  • Clinton Spokeswoman: Suggesting Undecided Voters Have Questions About Hillary (Shortened)

    04/15/2016 11:25:31 AM PDT · by Biggirl · 5 replies
    Breitbart.com ^ | April 15, 2016 | Jeff Poor
    Friday on MSNBC, Karen Finney, spokeswoman for Hillary Clinton’s presidential campaign, dismissed the idea that transcripts of a speech her candidate gave on Wall Street were relevant to “undecided voters.”
  • Chelsea Clinton Joins New York Hedge Fund (Flashback: 2006)

    Former first daughter Chelsea Clinton has joined Avenue Capital Group, a $12 billion hedge fund manager whose founder has contributed to many Democratic Party campaigns, a person familiar with the matter said Friday. Clinton, 26, the only child of former President Bill Clinton and U.S. Sen. Hillary Rodham Clinton, has taken a post at the New York-based fund manager in an undisclosed capacity, the source said. Clinton, who graduated from Stanford University in 2001 and studied philosophy at Oxford University, most recently worked at consultants McKinsey & Co. from 2003. Avenue which focuses on distressed securities investing was co-founded by...
  • Cruz's message to Wall Street: Help me

    04/13/2016 3:48:57 AM PDT · by Trump20162020 · 70 replies
    POLITICO ^ | April 13, 2016 | Ben White
    After bashing bankers, including his wife's employer Goldman Sachs, he invites them to a Harvard Club fundraiser. NEW YORK -- This Monday, assorted bankers, traders and Wall Street lawyers will gather inside the neo-Georgian walls of the Harvard Club in midtown Manhattan to write big checks to an unlikely recipient: Ted Cruz. Cruz, who attended Harvard Law School, isn't one to trade too heavily on old school ties and friendships at the likes of Goldman Sachs, where his wife works. On the campaign trail, the Texas senator has railed against Wall Street “crony capitalism,” ripped giant banks as “too big...
  • Clinton Angrily Refuses to Release Wall Street Transcripts (cause she's already transparent enough)

    04/11/2016 4:08:10 PM PDT · by Zakeet · 10 replies
    Washington Free Beacon ^ | April 11, 2016 | Jenna Lifhits
    In an interview with two Philadelphia newspapers Monday, Hillary Clinton again refused to release the transcripts to her pricy Wall Street speeches but insisted that she was the most transparent candidate for president. "Well, I can only say this: let's make sure everybody is already as transparent as I," Clinton said when asked whether her refusal to release the transcripts signaled that she had "something to hide." Clinton avoided discussing the transcripts and instead focused on the "30 years" worth of tax returns that she had released. Seeing as rival Bernie Sanders has yet to release his tax returns, Clinton...
  • Ted Cruz’s Shady Wall Street Connections

    04/02/2016 7:13:03 PM PDT · by BlackFemaleArmyCaptain · 42 replies
    The day following Ted Cruz’s announcement that he was going to run for president he told Bloomberg news: “Goldman is one of the biggest banks on Wall Street, and my criticism with Washington is they engage in crony capitalism. They give favors to Wall Street and big business, and that’s why I’ve been an outspoken opponent of crony capitalism, taking on leaders in both parties.” It has since come to light that Ted failed to disclose the loans he had taken from Goldman Sachs and Citibank. Many people may think this issue has been cleared up, but it is still...
  • I went from Wall Street...to working at Waffle House

    03/18/2016 8:19:06 AM PDT · by SeekAndFind · 54 replies
    CNN Money ^ | 03/18/2016 | Heather Long
    When James Adams walked into Waffle House in 2009 and requested a job application, the manager asked if he'd been sacked because of the meltdown. "Yeah," Adams said. "Firms like mine caused it." The manager gave him a sympathetic look. She said he could start Monday as long as he had a pair of black pants and vowed not to steal anything. He took the job. Adams went from pulling in six figures a year as a hedge fund vice president to serving bacon and grits for $2.13 an hour (plus tips). The job came with a side of "humble...
  • The $9.2 Billion Bet Against OPEC Dominance

    03/09/2016 11:30:29 AM PST · by bananaman22 · 1 replies
    Oilprice.com ^ | 09-03-2016 | Mohammed
    The $9.2 billion investors paid to snap up new equity offerings from U.S. oil companies in 2016 proves those investors are indeed ready for more punishment. The amount is in line with the pace of such equity offerings in 2015 even as the mood in the oil markets has grown increasingly dour. In June of last year I wrote: New investors in U.S. oil company shares must believe they are catching the bottom and will have a very profitable ride up from here. This demonstrates that OPEC's work is not done and accounts in part for the decision to leave...
  • MUST LISTEN: Stephen Miller Makes Case Against Marco Rubio in Epic RantUnderstanding The Legislative

    In a very important time – This is must listen audio from Steven Miller for anyone concerned about Trans-Pacific Trade (TPP) or Trade Promotion Authority (TPA), or the comprehensive immigration reform platform as it relates to Globalism -vs- Nationalism.
  • Finance, not tech, is driving growth in U.S. billionaires

    02/25/2016 6:02:19 PM PST · by SkyPilot · 11 replies
    Market Watch ^ | 25 Feb 16 | Silva Ascarelli
    <p>Silicon Valley may have plenty of millionaires, but the road to U.S. billionairedom is increasingly paved through finance.</p> <p>Nearly 27% of all U.S. billionaires in 2014 worked in finance (read: hedge-fund managers and a few others), according to a study by Caroline Freund, a senior fellow at the Peterson Institute for International Economics, and Sarah Oliver, a research analyst at the Washington, D.C.-based think tank.</p>
  • Bernie's Feckless Attacks on Wall Street

    02/21/2016 7:46:26 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | February 21, 2016 | Bruce Bialosky
    Bernie Sanders, everyone's favorite socialist running for the American Presidency, has been exciting his urchins by telling them how the big, bad wolves of Wall Street are stealing their breakfast, lunch and dinner. The other night he stated "The business model of Wall Street is a fraud." Many people think Sanders is just a cute old Grandpa type. But since he just slandered everyone in the financial and banking business in America, I thought it might be a fine time to defend them and dispute the spurious statements he is making. I don't doubt that Sanders believes what he says....
  • Trump Owned By Wall Street

    02/19/2016 10:35:07 AM PST · by GodGunsGuts · 79 replies
    The Blaze ^ | February 19, 2016
    Trump is Owned by EVERY Bank on Wall St. (Except Citi, Who He Stiffed for $300M)...
  • A Generation of Politically Economic Re-education: Wall Street -vs- Main Street

    02/15/2016 10:07:54 AM PST · by SatinDoll · 7 replies
    The Conservative Treehouse ^ | Feb. 15, 2015 | Sundance
    During the last Republican debate the Wall Street Journal’s Kimberly Stassel challenged Donald Trump on the projected revenue from his proposed tax plan. In essence Stassel claimed some economists doubted the growth factor Mr. Trump projects in his tax proposal. In a sixty second response time, it is factually impossible to explain something we have discussed here before. Specifically, one of the larger hurdles Trump faces is a need to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a goods- based manufacturing and industry driven economic model. Interestingly, many people have referenced...
  • Live Thread Democrat Debate on PBS (keep your enemies close)

    02/11/2016 6:05:32 PM PST · by Yaelle · 264 replies
    PBS ^ | 02/11/16 | Self
    Anyone have strong enough stomach and information junkie brain to dare watch with me?
  • Wall Street jobs are leaving New York

    02/10/2016 7:54:35 AM PST · by SeekAndFind · 13 replies
    Business Insider ^ | 02/10/2016 | Portia Crowe
    For many Goldman Sachs employees, commuting to work does not mean riding the subway down to the firm's waterfront headquarters at 200 West Street in New York City. That's because a quarter of Goldman Sachs' staff work in lower-cost "strategic locations" around the world. About 25% of the global investment bank's headcount is based in cheaper locations in the US and abroad, according to a presentation from CEO Lloyd Blankfein at the Credit Suisse Financial Services Forum on Tuesday. Goldman Sachs had 36,800 staff at the end of 2015, which means 9,200 staff are based in these low-cost locations. By...
  • Report: Hillary's Wall Street Speech Transcripts Would 'Bury Her'

    02/09/2016 1:34:14 PM PST · by george76 · 14 replies
    Townhall ^ | Feb 09, 2016 | Guy Benson
    Hillary Clinton's presidential campaign, I asked this question: "We know she was reckless in her handling of national security secrets, but she's assiduously protective of whatever she said in those speeches. Why?" The assumption is that rather than corroborating her implausibly revisionist characterizations of what she said to those elite bankers who paid her six-figures per speech (her typical fee), the hidden transcripts would reveal a very chummy posture toward her supposed mortal enemies, or whatever. Such a revelation would further undermine her credibility among the Democratic base's rabidly anti-Wall Street base, buttress one of Bernie Sanders' central lines of...
  • Hillary Defends Huge Speaking Fees [semi-satire]

    02/09/2016 9:25:38 AM PST · by John Semmens · 10 replies
    Semi-News/Semi-Satire ^ | 7 Feb 2016 | John Semmens
    Under a constant barrage of criticism from Democratic presidential rival Sen. Bernie Sanders for her cozy relationship with Wall Street, former Secretary of State Hillary Clinton contended that she was just being polite in accepting $200,000 per hour for speeches she gave at Wall Street's request. "Look, this is what they offered me," she explained. "Was I supposed to have bargained for lower rates? If I had, would Senator Sanders now be accusing me of favoritism toward those firms? Let's not forget, in some instances I got even bigger speaking fees from universities. How could I, in good conscience, take...
  • Surprise: Hillary Campaign Balks At Releasing Wall Street Speech Transcripts

    02/07/2016 11:52:27 AM PST · by Kaslin · 30 replies
    Townhall.com ^ | February 7, 2016 | Guy Benson
    Vintage Hillary. As she fashions herself as a hardcore anti-Wall Street progressive in the midst of a surprisingly competitive Democratic primary, she's trying to explain away her six-figure speeches to major financial institutions, who also happen to be her generous campaign benefactors. At Thursday's (very low-rated) debate against Bernie Sanders, Hillary Clinton claimed that when she delivered these lucrative addresses, she spoke truth to power -- bravely warning about the subprime mortgage collapse prior to the 2008 financial crisis: Hillary Clinton discusses her speeches on Wall Street Given this alleged, evidence-free prescience, one might think that Mrs. Clinton would be eager to release...
  • Stock Market in 2016 compared to 2008

    02/06/2016 1:38:37 PM PST · by entropy12 · 13 replies
    Feb 06, 2016 | Self
    Chart comparing 2008 market behavior with 2016. But it is still too early in the year and 2016 may not repeat the stock market of 2008.
  • Ambition vs. Conviction on the Debate Stage

    02/06/2016 6:25:11 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 5, 2016 | Jeff Jacoby
    In the last Democratic debate before the New Hampshire primary, Hillary Clinton came up with her fourth explanation for the gluttonous speaking fees and campaign contributions that the financial sector and investment firms -- "Wall Street," in liberal shorthand -- have been showering on her for so long. Explanation No. 1, you'll recall, was the one about her family being "dead broke" when they left the White House and needing "the resources for mortgages for houses." Explanation No. 2, uncorked during a debate last November, was that all that money came her way because "I represented New York on 9/11,...
  • Gowdy Tries to Get Martin Shkreli to Talk by Invoking Wu-Tang Clan

    02/05/2016 6:07:34 PM PST · by Kaslin · 37 replies
    PJ Media ^ | February 5, 2016 | Nicholas Ballasy
    Former pharmaceutical executive Martin Shkreli refused to answer any questions during a congressional hearing on Thursday, drawing the ire of House Oversight and Government Reform Committee lawmakers.Shkreli was arrested in December 2015 on securities fraud charges.Shkreli, 32, is the founder and former CEO of Turing Pharmaceuticals AG. He has been widely criticized for raising the price of the lifesaving drug Daraprim more than 5,000 percent."Shkreli essentially ran his company like a Ponzi scheme where he used each subsequent company to pay off defrauded investors from the prior company," Brooklyn U.S. Attorney Robert Capers said at a press conference in December.According...
  • Pack your bags, Wall Streeters: Your jobs are moving to Nashville

    02/02/2016 2:41:47 PM PST · by SeekAndFind · 10 replies
    Business Insider ^ | 02/02/2016 | Matt Turner
    UBS has a plan to move about 2,500 jobs to low-cost locations such as Poland, India, China, and Nashville, Tennessee, over the next year. Yes, Nashville. The bank announced fourth-quarter results on Tuesday, and in an accompanying presentation it set out examples of cost cuts in the corporate center, which houses things like human resources and IT. As the chart below shows, the bank has created 500 jobs in Nashville since the end of 2014, and plans to add another 100. Admittedly, that isn't a huge number. The Americas business at UBS made 2.8 billion Swiss francs in the fourth-quarter...
  • Morgan Stanley looks to move jobs to cheaper cities in bid to cut costs

    01/29/2016 4:34:18 AM PST · by 2ndDivisionVet · 29 replies
    Yahoo! Finance ^ | January 19, 2016 | Olivia Oran, Reuters
    (Reuters) - Morgan Stanley (MS.N) will be straying ever further from its Wall Street roots in the coming months as it shifts more operations to lower cost cities like Mumbai and Budapest as it aims to slash costs. The investment bank on Tuesday announced an initiative to cut up to $1 billion by 2017 by using technology and outsourcing jobs now in its New York headquarters and other higher cost cities. However, it declined to give specific details about the number of jobs it would move to lower cost centers. While shifting so-called back office operations to cities where salaries...
  • Clinton: 'Anybody Who Knows Me Knows You Can't Buy Me'

    01/27/2016 10:27:43 PM PST · by Cincinatus' Wife · 113 replies
    Washington Free Beacon ^ | January 27, 2016 | Aaron Kliegman
    Democratic presidential frontrunner Hillary Clinton said in an interview aired Wednesday night that special interest groups cannot buy her to gain access and influence as she continues to face scrutiny for taking large sums of money in speaking fees from the financial industry in recent years. Speaking over the phone with MSNBC's Chris Matthews, Clinton was asked how she will respond to impending attack ads from her main primary challenger, Sen. Bernie Sanders (I, Vt.), who is expected to target her ties to Wall Street. "As anybody who knows me knows, you can't buy me," Clinton said in response, defending...
  • Hillary's Good Old Boys

    01/27/2016 11:43:31 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | January 27, 2016 | Alex Smith
    Bernie Sanders is right about one thing: Hillary Clinton is Wall Street's candidate of choice. It's where she has been leading the real "War on Women" with the good old boys for years. Today, American women earn more bachelor's, associate's, graduate, and doctoral degrees than men. They also open small businesses and create jobs at record rates. Small businesses, entrepreneurship, and risk-taking have long been the engines that have driven the American economy. So why did liberals start waging an all out assault on these foundational values the very moment women rose to parity with men in these measurements? Do...
  • No Reporters Allowed At Hillary’s Wall Street Speeches

    01/26/2016 9:32:01 AM PST · by Zakeet · 13 replies
    Daily Caller ^ | January 26, 2016 | Richard Pollock
    Reporters were routinely prohibited from covering former Secretary of State Hillary Clinton’s speeches before some of the nation's most exclusive Wall Street financial investment firms, according to a Daily Caller News Foundation investigation. The list of Wall Street firms that barred reporters from covering her speeches reads like Who’s Who of the country's largest and most prestigious wealth management companies. Those confirmed by TheDCNF to have excluded reporters include: the Goldman Sachs Group, UBS Wealth Management, Kohlberg, Kravis, Roberts and Company, the Carlyle Group, Apollo Management Holdings, Fidelity Investments, Morgan Stanley and Golden Tree Asset Management.
  • Hillary Clinton’s Paid Speeches to Wall Street Animate Her Opponents

    01/24/2016 5:25:50 PM PST · by Libloather · 8 replies
    NY Times ^ | 1/21/16 | NICHOLAS CONFESSORE, JASON HOROWITZ
    **SNIP** Together, Mrs. Clinton and her husband, former President Bill Clinton, have earned in excess of $125 million in speech income since leaving the White House in 2001, one-fifth of it in the last two years. Mrs. Clinton's own speechmaking was a veritable tour through high finance. She gave paid speeches at GTCR, the Chicago private equity firm that the Republican governor of Illinois, Bruce Rauner, helped found; Deutsche Bank, the German financial services conglomerate; and the investment bank Morgan Stanley, among other companies. Goldman Sachs alone paid Mrs. Clinton $675,000 for three speeches in three different states, a fact...
  • Dem senator: Clinton’s Wall Street speeches 'in the past' (Return the lavish speaking fees?)

    01/23/2016 4:15:31 AM PST · by Libloather · 10 replies
    The Hill ^ | 1/22/16 | Mark Hensch
    Sen. Jeanne Shaheen (D-N.H.) on Friday said Hillary Clinton's paid speeches to Wall Street firms such as Goldman Sachs are "in the past" and not worth delving into. "The fact is that's in the past," she said on MSNBC when asked about Clinton's past speeches to the banking firm. "They're done, so it doesn't matter whether or not you support that or not," Shaheen said. "[It is] just as Bernie's socialism - he claims - is in the past," she added of Clinton's chief rival for the Democratic presidential nomination, Bernie Sanders. "The question is what do voters want to...
  • Donald Trump is OWNED by Every Bank on Wall Street

    01/22/2016 6:50:12 AM PST · by Cincinatus' Wife · 126 replies
    Red State ^ | January 22, 2016 | Leon H. Wolf
    Goldman Sachs once gave Ted Cruz's campaign a $1.43 million loan. His campaign also got a loan of less than $500,000 from Citibank. According to Donald Trump, in a claim that has been repeated roughly a billion times, that means THEY OWN HIM. Even though, as far as I can tell, all or part of these loans have been repaid. As I reported yesterday, at various times Donald Trump has had hundreds of millions of dollars in loans from Citibank and Goldman, some of which have been repaid, some of which were discharged in bankruptcy when Trump's Altantic City casino...
  • 80% Stock Market Crash To Strike in 2016, Economist Warns

    01/19/2016 10:42:13 AM PST · by Cringing Negativism Network · 30 replies
    The Sovereign Investor - Daily ^ | January 18, 2016 | by JL Yastine
    Well ok. I have never heard of this guy before. I don't know if what he is saying it true, is true. Tried to google the guy, and it wasn't for sure whether he is reputable. But it seems interesting, at least. So here it is: http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451506
  • Heidi Nelson Cruz: A Political Spouse Making Sacrifices and Courting Donors (Donors = 'Investors'?)

    01/19/2016 11:00:26 AM PST · by jimbo123 · 29 replies
    NY Times ^ | 1/1816 | STEVE EDER and MATT FLEGENHEIMER
    -snip- Her background in finance has proved useful: Quite at ease asking for large sums of money, Mrs. Cruz makes as many as 10 calls a day seeking the maximum contribution couples can make to the campaign. "The $10,800 contributions is my lane," she said. Inside the campaign, Mrs. Cruz has built a model that seems lifted from Wall Street, with donors labeled "investors" who are privy to "quarterly investor meetings" to discuss the "product." She also helped recruit an important fund-raiser, Lila Ontiveros, after Ms. Ontiveros left Goldman Sachs. At times, the dual role of Goldman executive and political...