Keyword: wallstreet

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  • Goldman Sachs poised for return to power in Trump White House

    11/30/2016 3:05:06 PM PST · by SeekAndFind · 38 replies
    Politico ^ | 11/30/2016 | Ben White
    NEW YORK — Government Sachs is returning to Washington. After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s top transition advisers. Goldman’s president, Gary Cohn, spent an hour schmoozing with President-elect Donald Trump on Tuesday and could be up for an administration job, possibly as director of the Office of Management and...
  • Wall Street Reacts To Steve Mnuchin Choice For Treasury Secretary

    11/30/2016 10:02:04 AM PST · by SeekAndFind · 6 replies
    Zero Hedge ^ | 11/30/2016
    Following the news that Steve Mnuchin would be US Trasury Secretary, Wall Street analysts offered mixed predictions on which policies Donald Trump’s choice for Treasury secretary may pursue, as they have little to go on other than Mnuchin’s background with Goldman, buying/selling the former Indy Mac. The prevailing consensus is that Mnuchin’s Wall Street past will lead to easing regulations, tax policies; but at the same time, Mnuchin may not help larger banks as he may focus on regionals and/or seek to distance himself from his GS/IndyMac past. For now optimism dominates, as banks gain, with the KBW banks...
  • Steven Mnuchin Is Donald Trump’s Expected Choice for Treasury Secretary

    11/29/2016 2:41:20 PM PST · by SeekAndFind · 71 replies
    New York Times ^ | 11/29/2016 | By BINYAMIN APPELBAUM and MAGGIE HABERMANNOV
    Steven Terner Mnuchin, a financier with deep roots on Wall Street and in Hollywood but no government experience, is expected to be named Donald J. Trump’s Treasury secretary as soon as Wednesday, sources close to the transition say. Mr. Mnuchin, 53, was the national finance chairman for Mr. Trump’s campaign. He began his career at Goldman Sachs, where he became a partner, before creating his own hedge fund, moving to the West Coast and entering the first rank of movie financiers by bankrolling hits like the “X-Men” franchise and “Avatar.” As Treasury secretary, Mr. Mnuchin would play an important role...
  • Mary Jo White, Chair of SEC, leaving before Trump takes office

    11/14/2016 4:33:02 PM PST · by blueyon · 49 replies
    WTKR.com ^ | 11/14/16 | CNNWire
    NEW YORK – Mary Jo White announced plans on Monday to step down as chair of the powerful Securities and Exchange Commission before President-elect Donald Trump takes office. White’s term at the helm of the SEC hadn’t been scheduled to expire until June 2019. Trump has promised to roll back the sweeping regulation of Wall Street that White has spent nearly four years trying to install. In fact, implementing Dodd-Frank rules and other financial reforms had been one of the biggest challenges during White’s tenure at the SEC.
  • CNN Disappointed Because The Stock Market is Rising…

    11/14/2016 1:21:32 PM PST · by HarleyLady27 · 36 replies
    The Conservative Tree House ^ | Nov 14, 2016 | Sundance
    Liberal ideologues who hate America continue their frustrated teeth gnashing. The current CNN Money headline actually reads: “The Trump market rally: Too far, too fast”
  • Paul Krugman: The Economic Fallout

    11/13/2016 5:43:43 AM PST · by detective · 41 replies
    New York Times ^ | November 9, 2016 | Paul Krugman
    It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear. Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
  • Jamie Dimon Tells Us We Need to Leave Too Big to Fail Banks Alone

    04/10/2016 3:21:52 PM PDT · by Lorianne · 19 replies
    Naked Capitalism ^ | 07 April 2016 | Yves Smith
    Jamie Dimon likes to write grandiose letters to shareholders. Unfortunately, the financial media sees fit to treat them seriously. And his minders manage to save him from himself. Right after the crisis, DimonÂ’s annual missive contained an section praising the heroics of his staff, comparing them at length to the soldiers at Iowa Jima. Dimon was persuaded to get rid of that bit only because his outside PR firm threatened to quit. This yearÂ’s letter, as recapped by the Financial Times, is every bit as exaggerated, although less obviously so to the outsider. The theme this year is why too...
  • Dow rallies to record close as investors reposition for Trump presidency

    11/10/2016 2:01:13 PM PST · by McGruff · 12 replies
    Market Watch ^ | Nov 10, 2016
    The Dow Jones Industrial Average rallied to a record close on Thursday as investors continued to revise their strategies and reposition portfolios in response to Donald Trump’s unexpected presidential election victory. The blue chip index DJIA, +1.17% gained 218.19 points, or 1.2%, to finish at 18,807.88 after hitting an all-time high of 18,873.66 earlier. The S&P 500 index SPX, +0.20% rose 4.22 points, or 0.2% to end at 2,167.48. “Trump made rebuilding the nation’s infrastructure a centerpiece of his campaign. As such, the market is expecting an emphasis on fiscal spending initiatives to jump-start the economy,” said Michael Reilly, chief...
  • Wall Street traders boo Hillary Clinton: 'Lock her up!'

    11/09/2016 9:52:39 AM PST · by mdittmar · 36 replies
    CNNMoney ^ | November 9, 2016 | Matt Egan and Alison Kosik
    Loud booing rocked the floor of the storied New York Stock Exchange on Wednesday during Hillary Clinton's concession speech to President-elect Donald Trump. Some of the Wall Street traders began chanting "lock her up!," as Clinton appeared on television screens, urging her millions of disappointed supporters to accept the stunning defeat. "Ding-dong, the witch is dead," shouted another floor trader.
  • Traders on NYSE Boo Clinton-Kaine Concession Speech – Shout “Lock Her Up!”

    11/09/2016 9:40:20 AM PST · by blueyon · 28 replies
    gateway pundit ^ | 11/09/16 | Jim Hoft
    Hillary Clinton conceded the presidential race Wednesday morning to Donald Trump. The traders at the New York Stock Exchange booed her speech. They were shouting, “Lock her up!”
  • No Trump crash; Stocks recover from overnight scare

    11/09/2016 7:01:33 AM PST · by mdittmar · 29 replies
    cnn ^ | November 9, 2016: | Matt Egan
    U.S. stocks welcomed President-elect Donald Trump by avoiding the crash many had feared. Overnight, there was a knee-jerk panic in global markets as it became clear Trump was about to pull off a stunning upset by defeating Hillary Clinton, Wall Street's favored candidate. Dow futures plummeted nearly 900 points at one point as investors expressed fear about the inherent policies brought on by a Trump White House. But a sense of relative calm seemed to return to the markets by the opening bell on Wednesday morning. The Dow has been moving between minor gains and losses, while the S&P 500...
  • "Sell Everything Now" David Stockman Warns, America Faces "Total Disaster...Partisan Warfare"

    11/06/2016 6:44:16 PM PST · by blam · 62 replies
    Zero Hedge ^ | 11-6-2016 | David Stockman
    Tyler DurdenNovember 6, 2016 "Under a Trump victory, all bets are off," warns former Director of the Office of Management and Budget under President Ronald Reagan, David Stockman. "I like [Trump] because he's against the establishment, but he has no economic program. Yes, he's a disruptor, but has nothing to disrupt with," Stockman told CNBC, "if elected, it will be partisan warfare and a total disaster." Stockman's message is clear, as CNBC notes, sell everything... "The markets are hideously inflated... If you don't sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of...
  • De Blasio to Podesta: Clinton Wall Street Speeches are 'Hard to Defend'

    11/06/2016 3:03:47 AM PST · by Freedom of Speech Wins · 2 replies
    Breitbart ^ | 11-03-16 | Katharine Rodriguez
    “I’m trying, brother, but this one is hard to defend,” de Blasio said in an email addressed to John Podesta on March 2, while forwarding a local news story about his defense of Clinton during an appearance on MSNBC’s Morning Joe program. http://www.breitbart.com/2016-presidential-race/2016/11/03/de-blasio-podesta-clinton-wall-street-speeches-hard-defend/
  • TD Ameritrade buying rival brokerage Scottrade for $4 billion; STL will lose hundreds of jobs

    10/24/2016 12:42:25 PM PDT · by Da Bilge Troll · 39 replies
    Stltoday.com (St. Louis Post-Dispatch) ^ | October 24, 2016 | Lisa Brown
    Discount brokerage Scottrade is being acquired by rival TD Ameritrade in a $4 billion deal. The companies announced the deal early Monday, following several weeks of news reports about the merger. The sale is subject to regulatory approvals, and is slated to close by Sept. 30, 2017. Scottrade will convert to TD Ameritrade systems in 2018. Combined, the two companies have $944 billion in total client assets and 10 million funded client accounts. "It gives us a lot of power to combine the two," Scottrade's founder and CEO Rodger Riney told the Post-Dispatch Monday. "It is a business that has...
  • Goldman Sachs CEO: ‘Yes, So Flat Out, Yes, I Do’ Support Hillary Clinton

    10/22/2016 7:35:55 PM PDT · by fuzzylogic · 37 replies
    Breitbart ^ | Oct-22-2016 | Charlie Spiering
    Goldman Sachs CEO Lloyd Blankfein confirmed that he supports Hillary Clinton for president, despite his reluctance to endorse a candidate throughout the campaign. “I’m supportive of Hillary Clinton,” Blankfein said, according to a CNN transcript published by Bloomberg. “Yes, so flat out, yes, I do.”
  • Financial Industry May Control Retirement Savings In A Clinton Administration

    10/20/2016 5:15:24 AM PDT · by randita · 19 replies
    International Business Times ^ | 10/19/16 | BY DAVID SIROTA AND AVI ASHER-SCHAPIRO
    illary Clinton And Wall Street: Financial Industry May Control Retirement Savings In A Clinton Administration BY DAVID SIROTA @DAVIDSIROTA AND AVI ASHER-SCHAPIRO ON 10/19/16 AT 12:50 AM Blackstone's Tony James: America's Not Great at Saving While Hillary Clinton has spent the presidential campaign saying as little as possible about her ties to Wall Street, the executive who some observers say could be her Treasury Secretary has been openly promoting a plan to give financial firms control of hundreds of billions of dollars in retirement savings. The executive is Tony James, president of the Blackstone Group. The investment colossus is most...
  • Rep. Schakowsky and ShoreBank: New Evidence of Conflict of Interest (IL -yep, her crook husband)

    05/25/2010 9:37:11 PM PDT · by STARWISE · 40 replies · 933+ views
    Big Government ^ | 5-25-10 | Joel B. Pollak
    I have found evidence that may explain the intense interest of Rep. Jan Schakowsky (D-IL) in bailing out ShoreBank, the “community development” bank that has received extraordinary assistance from her and several other “friends in high places.” The New York Times confirms that Rep. Schakowsky played a leading role in the ShoreBank bailout. Yet ShoreBank is not based in Rep. Schakowsky’s congressional district, and she did not help the Bank of Lincolnwood–which is in her district, and failed in 2009–or Park National Bank, which was also active in community development in Chicago until it was closed by federal regulators last...
  • Newly released e-mails: Hillary’s own staff mocked her choice of a big donor to high-level security

    06/26/2016 8:27:06 AM PDT · by Sean_Anthony · 25 replies
    Canada Free Press ^ | 06/26/16 | Dan Calabrese
    His only qualification was giving lots of money to the Clinton Foundation A few weeks ago, ABC broke the story of Raj Fernando, a big-money donor to the Clinton Foundation - as well as past campaigns of both Obama and Hillary - and how he managed to land a spot on the prestigious International Security Advisory Board. That’s a board generally populated by former generals, governors and top diplomats, who advise the Secretary of State on international security matters. Lots of eyebrows were raised when a securities trader with no background in any of this was introduced as a new...
  • Sanders supporters seethe over Clinton's leaked remarks to Wall St.

    10/10/2016 8:10:32 PM PDT · by Lorianne · 10 replies
    Reuters ^ | 08 October 2016 | Luciana Lopez and Jeff Mason
    Supporters of former Democratic presidential candidate Bernie Sanders on Saturday expressed anger and vindication over leaked comments made by Hillary Clinton to banks and big business that appeared to confirm their fears about her support for global trade and tendency to cozy up to Wall Street. Clinton, who needs Sanders' coalition of young and left-leaning voters to propel her to the presidency, pushes for open trade and open borders in one of the speeches, and takes a conciliatory approach to Wall Street, both positions she later backed away from in an effort to capture the popular appeal of Sanders' attacks...
  • Sanders supporters seethe over Clinton's leaked remarks to Wall St.

    10/09/2016 9:25:01 PM PDT · by TigerClaws · 23 replies
    NEW YORK (Reuters) - Supporters of former Democratic presidential candidate Bernie Sanders on Saturday expressed anger and vindication over leaked comments made by Hillary Clinton to banks and big business that appeared to confirm their fears about her support for global trade and tendency to cozy up to Wall Street. Clinton, who needs Sanders' coalition of young and left-leaning voters to propel her to the presidency, pushes for open trade and open borders in one of the speeches, and takes a conciliatory approach to Wall Street, both positions she later backed away from in an effort to capture the popular...
  • Sanders supporters seethe over Clinton's leaked remarks to Wall St.

    10/09/2016 6:32:10 AM PDT · by PJ-Comix · 17 replies
    Reuters ^ | October 9, 2016 | Luciana Lopez and Jeff Mason
    Supporters of former Democratic presidential candidate Bernie Sanders on Saturday expressed anger and vindication over leaked comments made by Hillary Clinton to banks and big business that appeared to confirm their fears about her support for global trade and tendency to cozy up to Wall Street. Clinton, who needs Sanders' coalition of young and left-leaning voters to propel her to the presidency, pushes for open trade and open borders in one of the speeches, and takes a conciliatory approach to Wall Street, both positions she later backed away from in an effort to capture the popular appeal of Sanders' attacks...
  • Sick Hillary Clinton Sucks Up to Wall Street, Never Before Seen Speeches Reveals ($500k/hr)

    10/07/2016 8:09:13 PM PDT · by GilGil · 14 replies
    DangerandPlay.com ^ | 10/7/2016 | Mike Cernovich
    Sick Hillary Clinton gave speeches at $500,000 an hour to Wall Street. During the primaries, Bernie Sanders challenged her to release the transcripts. She refused. Today’s Wikileaks release shows why.
  • 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 · 62 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.