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Keyword: wallstreet

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  • 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...
  • 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...