Category: banks

Hate Israel cartoon displayed by “neutral” nation’s ambassador on huge screen to promote business conference in Tehran

~ Fred Donaldson ~ 2 Comments

This is not a cartoon from a hate website. It is not from an Arab extremist group. It is not from a White supremacist handbook. It was just shown by Giulio Haas, the ambassador of Switzerland to Iran, at a conference promoting the terrorist state. That's right - Switzerland! Reuters reported that the cartoon appeared … Continue reading Hate Israel cartoon displayed by “neutral” nation’s ambassador on huge screen to promote business conference in Tehran

Greece bailouts are just to keep banks fat and happy, while families suffer from ten consecutive cuts to their livelihoods

~ Fred Donaldson ~ 2 Comments

Billions for banks. Hardly a farthing for the families of Greece. The country continues to face impending feudalism to pacify a financial monarchy ruling Europe. Since 2010, Greece has received nearly $277 billion in bailout funds. Almost all of the money has gone to pay the country’s debts, cover credit default swaps, pay jacked up … Continue reading Greece bailouts are just to keep banks fat and happy, while families suffer from ten consecutive cuts to their livelihoods

Investor-owned properties destroying Baltimore home prices, while encouraging new slumlords, and bankrupting residents

~ Fred Donaldson ~ Leave a comment

Banks and investors own, plan to foreclose or auction, thousands of houses in Baltimore. Most are decrepit, but many are valued up to nearly a million dollars. But if you don't have the cash, do you really think a mortgage company will finance your purchase here? In one big city after another depressed property prices … Continue reading Investor-owned properties destroying Baltimore home prices, while encouraging new slumlords, and bankrupting residents

Outsourcing MBAs – a new and wonderful trend

~ Fred Donaldson ~ Leave a comment

With more than 27,000 employees around the world, State Street Corp. will absorb 100 employees from Morgan Stanley Investment Management as part of a deal announced today to provide servicing for investments worth about $300 billion. State Street, which specializes in providing financial services to institutional investors, will handle trade settlement, portfolio administration, and reporting … Continue reading Outsourcing MBAs – a new and wonderful trend

Fed Chairman Blames Banks For Continued High Unemployment

~ Fred Donaldson ~ Leave a comment

The investment cash is going to China, India, South Korea and Vietnam, where factories are being built by American companies to make products to export to the U.S. and elsewhere. Those countries rebate the local Value Added Tax (around 20%) to exporters because most every country has their own VAT on products coming into their … Continue reading Fed Chairman Blames Banks For Continued High Unemployment

Rich get richer and richer and richer in the worst inequality crisis since 1930s

~ Fred Donaldson ~ Leave a comment

Emmanuel Saez has updated his famous work: "Striking it Richer: The Evolution of Top Incomes in the United States", Pathways Magazine, Stanford Center for the Study of Poverty and Inequality, Winter 2008, 6-7 Saez is a professor at the University of California, Department of Economics, 549 Evans Hall #3880, Berkeley, CA 94720. Much of his … Continue reading Rich get richer and richer and richer in the worst inequality crisis since 1930s

Fox Business says bank sues itself

~ Fred Donaldson ~ Leave a comment

For years I have watched CNBC for financial news, but in the past year or so, they have become absurdly against the average person. One example, the constant repetition by pundits that the current depression was caused by citizens spending too much on credit cards and mortgages, and totalling ignoring the Wall Street speculation which … Continue reading Fox Business says bank sues itself