Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $47,400
53%  
Woo hoo!! And we're now over 53%!! Thank you all very much!! God bless.

Keyword: wallstreet

Brevity: Headers | « Text »
  • 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 · 9 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...
  • Controversial [new Cruz PAC ad - video]

    01/17/2016 5:42:07 PM PST · by TBBT · 309 replies
    Youtube ^ | 1/17/16 | Reigniting the Promise
    What does Donald Trump really think about Ted Cruz? Watch this video to see what he says behind closed doors.
  • Michael Burry, Real Market Genius From The Big Short, Thinks Another Financial Crisis Is Looming

    01/17/2016 6:56:40 AM PST · by Beave Meister · 13 replies
    New York Magazine ^ | 12/28/2015 | Jessica Pressler
    If The Big Short, Adam McKay’s adaptation of Michael Lewis’s book about the 2008 financial crisis and the subject of last month’s Vulture cover story, got you all worked up over the holidays, you’re probably wondering what Michael Burry, the economic soothsayer portrayed by Christian Bale who’s always just a few steps ahead of everyone else, is up to these days. In an email, which readers of the book will recognize as his preferred method of communication, the real-life head of Scion Asset Management answered some of our panicked questions about the state of the financial system, his ominous-sounding water...
  • ICYMI: Donald Trump Booed in South Carolina for attacking Ted Cruz

    01/16/2016 7:44:48 PM PST · by Isara · 54 replies
    Cruz News ^ | January 16, 2016
    "Donald Trump can typically do no wrong - until he attacks Ted Cruz."HOUSTON, Texas — Today, at a rally held in Myrtle Beach, SC, New York billionaire Donald Trump attempted to attack Ted Cruz using a New York Times hit piece and was booed by the crowd. Watch the video here:Donald Trump Booed for Attacking Ted Cruz (Video)NBC News: Donald Trump Booed By Conservative Crowd After Attacks on Ted Cruz Among conservatives, Donald Trump can typically do no wrong - until he attacks Ted Cruz.On Saturday, Trump drew boos from a grassroots conservative crowd during remarks at the South Carolina...
  • After getting stuck, Cruz quips: 'Who put Trump in charge of the elevator?'

    01/16/2016 1:44:29 PM PST · by jimbo123 · 52 replies
    The Hill ^ | 1/16/16 | Bradford Richardson
    Republican presidential candidate Ted Cruz on Saturday was briefly trapped in an elevator before giving a speech at the South Carolina Tea Party Convention. The Texas senator quipped after he was released that GOP rival Donald Trump was to blame. "All right, so who put Donald Trump in charge of the elevator?" he said to reporters gathered outside of the elevator.
  • Anyone see "The Big Short" Yet- Comments?

    01/13/2016 3:59:12 PM PST · by randita · 21 replies
    1/13/16 | Vanity
    We just saw The Big Short. It was an interesting and entertaining movie. The language was pretty coarse, but I've no doubt that's the way those high rollers converse. It was s serious subject, but there were many humorous exchanges. Most of the bad guys were hit pretty hard blame wise (banks, lenders, rating agencies), but there was no mention of the role of government policy over many years (Community Reinvestment Act and Fannie Mae/Freddie Mac) in leading to the subprime mortgage crisis. Surprisingly, Bush wasn't blamed! I did take issue with the observation at the end that minorities and...
  • Washington Post Article Compares Ted Cruz's Wife to Hillary Clinton

    01/09/2016 4:48:19 PM PST · by jimbo123 · 19 replies
    Breitbart ^ | 1/8/16 | CHARLIE SPIERING
    The Washington Post published a glowing profile Friday morning about Heidi Cruz - highlighting her professional accomplishments - beyond the fact that she is Sen. Ted Cruz (R-TX)'s wife. The profile was mostly flattering, pointing to her career at Goldman Sachs in Houston before she stepped down when her husband decided to run for president. Curiously, however, the article began pointing out the similarities between Heidi and Hillary Clinton: -snip- Is that a compliment?
  • Sanders vowing to break up banks during first year in office

    01/08/2016 8:12:48 PM PST · by Olog-hai · 58 replies
    Associated Press ^ | Jan. 5, 2016 6:24 PM EST | Lisa Lerer and Christopher S. Rugaber
    Characterizing Wall Street as an industry run on "greed, fraud, dishonesty and arrogance," Democratic presidential candidate Bernie Sanders pledged to break up the country's biggest financial firms within a year and limit banking fees placed on consumers, should he become president, in a fiery speech on Tuesday. He coupled that promise, delivered in front of a raucous crowd just a few subway stops from Wall Street, with a series of attacks on rival Hillary Clinton, arguing her personal and political ties make her unable to truly take on the financial industry. "To those on Wall Street who may be listening...
  • Heidi Cruz is the high-powered political spouse we've rarely seen since Hillary Clinton

    01/08/2016 6:20:03 PM PST · by jimbo123 · 95 replies
    Washington Post ^ | 1/8/16 | Katie Zezima
    When Heidi and Ted Cruz came to the Atlanta suburbs to campaign a few weeks ago, she perfectly played the role of political spouse: a loving gaze for her husband as he spoke, hands on the shoulders of their two daughters, beaming smiles for supporters. A few days earlier during a solo swing through Missouri, Heidi Cruz made clear that her other identity - hard-charging career woman with ambitions of her own - was never far from her mind. "I want to tell you, I did take a leave of absence from work," she told her audience, standing among shiny...
  • Chinese Stock Plunge Forces a Trading Halt, and Global Markets Shudder

    01/07/2016 4:52:20 AM PST · by SkyPilot · 65 replies
    NY Times ^ | 7 Jan 15 | KEITH BRADSHER, AMIE TSANG and DAVID JOLLYJAN
    The market turmoil in China, the world's second-biggest economy after the United States, continues to have global reverberations. Chinese stocks plunged again on Thursday, by more than 7 percent, forcing officials to halt trading for the second time this week - but this time closing the market for the rest of the day. The reverberations carried over to Europe, where markets fell sharply once again on Thursday. And futures trading indicated that Wall Street might open down by about 2 percent, after a sharp sell-off in the United States the day before. The big question now is how much of...
  • Wall Street braces for more big losses after China rout

    01/07/2016 4:47:31 AM PST · by MeneMeneTekelUpharsin · 7 replies
    CNN Money ^ | 8 January 2016
    Wall Street braces for more big losses after China rout... more at link
  • Debunking the Three Most Powerful Myths About Ted Cruz

    01/04/2016 7:38:28 AM PST · by Isara · 102 replies
    The Blaze ^ | Jan. 4, 2016 | Justin Haskins
    Few will argue with the claim the Republican Party's 2016 presidential nomination process has been a wild ride.Candidates Carly Fiorina, Ben Carson, and former Florida Gov. Jeb Bush have all made strong pushes in the polls at one time or another, but only business tycoon Donald Trump has managed to sustain his base of support (and even add significantly to it). According to Real Clear Politics, Trump has been king of the GOP mountain since the end of July.Sen. Ted Cruz (R-Texas) has stood somewhat quietly in the background throughout all of the election chaos. Like his career in the...
  • Letter: Hurrah for Cruz

    12/25/2015 6:28:56 PM PST · by 2ndDivisionVet · 24 replies
    The Miami Herald ^ | December 25, 2015 | Manny Roman, vice chairman, Republican Party of Miami-Dade Miami
    Senator Ted Cruz has demonstrated time and time again that he is not afraid to take on the Washington establishment — a powerful bipartisan group of insiders and special interests that benefits and grows regardless of the way the public votes, even when the margin of victory is large or when conservatives control both chambers of Congress. With the Republican Party’s primary now front and center and getting daily headlines and front-page articles in the media, it is past time that Miami learns more about Ted Cruz — the other senator of Cuban descent running for president. I had every...
  • We Are Now Entering The "Discovery" Phase Of Financial Collapse

    12/21/2015 9:36:56 AM PST · by Perseverando · 22 replies
    Zero Hedge ^ | December 21, 2015 | James H. Kunstler
    Theory du jour: the new Star Wars movie is sucking in whatever meager disposable lucre remains among the economically-flayed mid-to-lower orders of America. In fact, I propose a new index showing an inverse relationship between Star Wars box office receipts and soundness of the financial commonweal. In other words, Star Wars is all that remains of the US economy outside of the obscure workings of Wall Street — and that heretofore magical realm is not looking too rosy either in this season of the Great Rate Hike after puking up 623 points of the DJIA last Thursday and Friday. Here...
  • Experts think jobs on Wall Street will take a plunge in 2016

    12/13/2015 9:56:03 AM PST · by SeekAndFind · 5 replies
    New York Post ^ | 12/12/2015 | By John Aidan Byrne
    There's a pall over the financial markets this holiday season, and it has little to do with the shortage of daylight this time of year. The lifeblood of the street -- bonuses -- will be cut, and if you survive, there's no guarantee of a better 2016. That's because Wall Street is bracing for merciless job losses that could total 100,000 in the US alone by June. By this estimate, Wall Street head count in New York City -- some 170,000 today -- could shrink by as much as 17,000, with the downsizing hitting everyone from million-dollar backers to middle-class...
  • Wall Street's getting crushed by a form of financial engineering you've probably never heard of

    12/02/2015 12:47:38 PM PST · by SeekAndFind · 15 replies
    Business Insider ^ | 12/02/2015 | Linette Lopez
    On August 6, billionaire hedge fund manager Leon Cooperman took the unusual step of dialing into an earnings call for one of his fund's holdings and asking a question. It was a second-quarter earnings call for SunEdison, a solar-energy company that went public in 1995. At the time, Omega was the 11th-biggest shareholder of SunEdison, with 8.8 million shares. It's a large stake, but it is still unusual for Cooperman to pick up the phone to publicly ask a question on a company's quarterly conference call. These were no ordinary circumstances, however. After enjoying the benefits of a classic Wall...
  • REMEMBER MISSISSIPPI? – Jeb / Rubio Donors Pledge Support To Kasich “Tear Down Trump” Campaign

    11/23/2015 3:07:36 PM PST · by SatinDoll · 42 replies
    The Conservative Treehouse ^ | Nov. 23, 2015 | Sundance
    The ground effort to destroy Donald Trump begins today in Ohio where several GOPe operatives and advance teams have been positioned to drum up antagonistic protesters and coordinate activity aimed to target Trump. In addition Matt David, the spokesperson for the Kasich Super-PAC “New Day for America”, is now publicly reporting that both Team [Jeb] Bush and Team Rubio donors have pledged financial support to the effort to tear down front runner Donald Trump. The upper echelons within the Wall Street financially-dependent corporate media have also held their meeting to coordinate how they will distribute and promote the anti-Trump narrative....
  • Clinton's Mixing of 9/11 and Wall Street Raises Ire

    11/15/2015 6:56:54 AM PST · by Libloather · 5 replies
    ABC News ^ | 11/15/15 | Ken Thomas
    **SNIP** Clinton responded that she was representing New York in the Senate when downtown Manhattan was attacked and noted that she helped the city's financial hub rebuild. "That was good for New York and it was good for the economy and it was a way to rebuke the terrorists who had attacked our country," she said, her voice rising. Her response drew an incredulous response on social media sites like Twitter, and the debate's moderators asked Clinton to respond to one Twitter user, who took issue with her mention of 9/11 to justify the contributions. "Well, I'm sorry that whoever...
  • WHITE HOUSE PANICKED AS DAMNING NEW SCANDAL SURROUNDS MICHELLE OBAMA

    11/01/2015 9:09:07 AM PST · by Oldpuppymax · 41 replies
    Coach is Right ^ | 11/1/15 | John C. Velisek USN (Ret.)
    Michelle Obama has found herself embroiled in an emails scandal of her own… By Andrew Spalding Commentary by John Velisek USN (Ret), CiR staff writer “As the investigation of Hillary Clinton and her private email scandal is winding down, it’s just been discovered that Michelle Obama may have been involved in an email scandal of her own. The American Medical Association (AMA) released an obesity study last year that revealed that rates have actually changed less than they did in the previous decade. Rather than processing that information, Michelle’s reps decided to claim that obesity in children between ages 2...
  • Federal Court May Take Down Traders for “Spoofing” the Markets

    11/01/2015 7:43:53 AM PST · by Oldpuppymax · 9 replies
    Coach is Right ^ | 11/1/15 | Suzanne Eovaldi
    Are small, Mom & Pop traders who trust their hard earned dollars to Wall Street being abused? Does a bear wee wee in the woods? A very important trial just started in Chicago that will pull back the curtain on the hidden, high finance trading practice known as spoofing. What is spoofing? Well, the technique combines ultra-fast buys by brilliant computer geeks and smart money guys who make a ton of dough in less time than it takes you to read this sentence. One definition of spoofing says it’s “a fraudulent trading practice that occurs when a trader who owns...
  • Hillary Clinton vows to crack down on big bad Wall Street firms with new proposals

    10/09/2015 5:20:36 AM PDT · by lowbridge · 20 replies
    nydailynews.com ^ | october 8, 2015 | cameron joseph
    The proposals come just days before the first Democratic presidential debate Tuesday, and mark Clinton's latest leftward pivots as she looks to ward off a strong populist challenge from Vermont Sen. Bernie Sanders. Clinton wants to force firms that are "too large and too risky to be managed effectively to reorganize, downsize, or break apart," in the campaign's words, a move aimed at addressing "too big to fail" that echoes calls from lefties like Sen. Elizabeth Warren (D-Mass.). She also wants to make sure that when people break the law they actually go to jail, something that rarely happened after...
  • Wall Street pay just hit a record high

    10/06/2015 7:54:58 AM PDT · by SeekAndFind · 15 replies
    Business Insider ^ | 10/06/2015 | Portia Crowe
    Wall Street pay exploded last year to a record high. Average salaries, including bonuses, grew by 14% in 2014 to $404,800, according to a new report from New York State Comptroller Thomas DiNapoli. After inflation, pay in 2014 was the third highest on record. The average Wall Street salary was nearly six times that of the rest of New York City's private sector, where the average salary was $72,300 last year. Bonuses were similar to their levels before the 2008 financial crisis. The average bonus, up more than 50% over the past three years, was $172,900 last year, according to...
  • The Central Bankers Malodorous War On Savers

    08/28/2015 8:23:19 AM PDT · by PGR88 · 10 replies
    David Stockman's Contra Corner ^ | August 28, 2015 | David Stockman
    To wit, artificial suppression of free market interest rates by the central bank is designed to cause households to borrow more money than they otherwise would in order to spend more than they earn, pure and simple. Its nothing more than a modernized version of the original, crude Keynesian pump-priming theoryexcept it dispenses with the inconvenience of getting politicians to approve spending increases and tax cuts in favor of the writ of a small posse of unelected monetary mandarins who run the FOMC and peg money market interest rates at will. But the whole enterprise is a crock. The consumer...
  • S&P falls below 2K, Dow plunges 300 points as growth concerns weigh

    08/21/2015 9:13:00 AM PDT · by MeneMeneTekelUpharsin · 90 replies
    Yahoo Finance ^ | 21 August 2015 | Evelyn Cheng
    Financial markets falling... Read more here: Click here for story.
  • Market timer Tom McClellan sees stocks set up for ugly decline as early as Thursday

    08/17/2015 7:25:18 AM PDT · by Perseverando · 22 replies
    MarketWatch ^ | August 17, 2015 | Tomi Kilgore
    McClellan is bullish today, but he expects definitive peak in stocks between Aug. 20 and Aug. 26 Tom McClellan loves doing what financial advisers tell you not to do. He tries to time the financial markets to the exact day, if his charts align just right. At the moment, they are telling him to be bullish on the stock market for all of his trading time frames, including those that trade every few days, weeks and months. But bulls should be ready to flee, as soon as this week. Thats because McClellan said his timing models suggest THE top...
  • Why Wall Street loves Trump

    08/14/2015 9:06:26 AM PDT · by TigerLikesRooster · 9 replies
    CNBC ^ | 2015/08/14 | Turney Duff
    Why Wall Street loves Trump Turney Duff There's a love-fest going on between Wall Street and Donald Trump but not for the usual political reasons. The truth is, Wall Street loves a circus and Trump just brought it to town. "The guy is hilarious," said one sales trader. "I can't wait to see what he does next." That's the general consensus of Wall Streeters I spoke with: Trump shoots off his mouth and isn't politically correct, but a lot of folks from the investment community share his views and believe that the government is broken. "I love the...
  • US STOCKS-Wall St. Lower as Apple Slips to 6-month Low

    08/04/2015 1:30:48 PM PDT · by Up Yours Marxists · 49 replies
    Reuters ^ | August 4, 2015 22:42 UTC | Tanya Agrawal
    Aug 4 (Reuters) - Wall Street fell on Tuesday as Apple's shares remained under pressure, hitting their lowest in more than six months, and investors digested earnings reports from a host of companies. The iPhone maker's shares fell as much as 4.4 percent to $113.25, slipping firmly below their 200-day daily moving average, a key technical level closely watched by traders. The stock was also the biggest drag on the three major U.S. indexes. While there was no clear trigger for the selloff, traders said worries over a slowdown in China and skepticism over demand for iPhone 6s were likely...
  • Hillary Clinton on email scandal: Everybody calm down

    07/24/2015 12:38:53 PM PDT · by SeekAndFind · 58 replies
    Politico ^ | 07/24/2015 | By JOSH GERSTEIN and HANNA TRUDO
    Hillary Clinton on Friday sought to downplay the latest twist in the long-running scandal over her use of a private email server while she was secretary of state, saying reports of a possible criminal probe are full of inaccuracies. News emerged on Thursday evening that at least one inspector general passed to the Justice Department evidence of potential mishandling of classified information, a referral that could lead to a criminal investigation. Clinton on Friday said people are getting worked up over not much. Maybe the heat is getting to everybody, she said, in remarks before a policy speech in New...
  • 2 years after a Wall Street intern suddenly died, bank rookies are still putting in insane hours

    07/23/2015 8:30:02 AM PDT · by SeekAndFind · 21 replies
    Business Insider ^ | 07/23/2015 | Portia Crowe
    Back in June a bright, young, soon-to-be Deutsche Bank intern prepared for his first summer on Wall Street. He told us he knew what he was getting into: "Terrible hours." He was right. On this 21-year-old's very first day, he was staffed on a project at 8 p.m. and ended up working until 2:30 a.m. His hours have let up somewhat since, but he rarely leaves before 10:30 p.m. or 11:30 p.m. On weekends, if he's not working and can meet a friend for lunch, he'll choose a table near an open window because the fresh air is such a...
  • Ted Cruz Just Told A Room Full Of Wall Streeters Whats Up Right To Their Faces

    07/15/2015 7:38:29 PM PDT · by 2ndDivisionVet · 35 replies
    Western Journalism ^ | July 15 2015 | Randy DeSoto
    (VIDEO-AT-LINK) Cruz pointed out that big business and big government can go hand-in-hand, hurting economic mobility and the chance for people to live out the American dream.Republican presidential candidate Sen. Ted Cruz cannot be accused of playing to the audience after some of the things he said at CNBCs Delivering Alpha conference. The event took place in New York City before a Wall Street crowd. Cruz pointed out that big business and big government can go hand-in-hand, hurting economic mobility and the chance for people to live out the American dream. Related Stories Here Is A Special Delivery These ISIS...
  • US stocks seen higher on Greek deal

    07/13/2015 4:08:01 AM PDT · by expat_panama · 16 replies
    Yahoo Finance ^ | Mon, Jul 13, 2015 | Dhara Ranasinghe
    U.S. stock markets were tipped to open higher on Monday following news that Greece and its international creditors have reached a bailout agreement. European Council President Donald Tusk said early on Monday that euro zone leaders reached an unanimous agreement with Greece after all-night talks in Brussels to move forward with a bailout loan for Greece provided Athens implement tough reforms. "Markets have responded very positively to the news, which comes following months of uncertainty and increasing fears that Greece could suffer a messy exit from the euro zone," Craig Erlam, a senior market analyst at currency trading firm OANDA....
  • Anonymous issued cryptic tweet on eve of NYSE suspension

    07/09/2015 6:24:54 AM PDT · by COUNTrecount · 3 replies
    The Hill ^ | July 8, 2015 | Jesse Byrnes
    International hacking group Anonymous wished Wall Street ill the night before the New York Stock Exchange temporarily suspended trading on all securities. The activist group tweeted late Tuesday: Wonder if tomorrow is going to be bad for Wall Street.... we can only hope. Anonymous (@YourAnonNews) July 8, 2015 New York trading was suspended around 11:30 a.m. Wednesday due to a "technical issue," the exchange said in a statement posted to Twitter. The Department of Homeland Security said there was no indication the NYSE had been hacked, according to Bloomberg and CNN. The exchange said the glitch could not be...
  • One of Wall Street's most political billionaires just passed on Scott Walker

    07/09/2015 5:58:30 AM PDT · by Cincinatus' Wife · 28 replies
    Business Insider ^ | July 9, 2015 | Linette Lopez
    Wisconsin Gov. Scott Walker (R) met with billionaire hedge-fund manager Dan Loeb on Wednesday, Business Insider has learned. Walker was seeking Loeb's key financial support ahead of his all-but-certain presidential campaign, but he didn't get it. According to sources close to the situation, the sticking point was Loeb's support of same-sex marriage. Last month, Walker called the Supreme Court's decision to legalize same-sex marriage nationwide a "grave mistake." He also called for a constitutional amendment to reverse the decision. As a result of this decision, the only alternative left for the American people is to support an amendment to the...