skip to main |
skip to sidebar
Janet Tavakoli and Lauren Lyster discuss the widespread control frauds that permeate the US financial system, continuing after the financial crisis and Dodd-Frank, and epitomized by the reckless disregard for the employees and customers at MF Global as led by Jon Corzine.
Tavakoli has one word for the 'CEO defense' being parroted by the mainstream US media in this case. "Nonsense."
She has some fairly hard words for the Congress and the media in their coverage of the financial scandals.
I doubt very much justice will be done, unless Edith O'Brien cuts a deal for immunity and has some proof of what was said and known by the executives of MF Global.
The foundations for the cover stories have been well laid already in the press.
A sharp rally in the metals as Bernanke dispels the deflationary delusion.
A big rally, but on remarkably light volume.
Bernanke is running the presses, but pumping another paper asset bubble that primarily benefits the already wealthy.
As noted earlier today, I think we are seeing the American financiers starting to leave Europe and Asia. If this trend continues, look for the currency war to enter another phase in which its effects will be unmistakable, even for the mainstream muppets.
This will end badly.
