Hidden financial system
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Hidden financial system
I shall wear the creditors’ loathing with pride. ~~~ Yanis Varoufakis, Greece’s former finance minister
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Banking giant HSBC ‘a criminal enterprise’

Banking giant HSBC ‘a criminal enterprise’ | Hidden financial system | Scoop.it

 

The global banking giant HSBC is a “criminal” operation, charges a former officer for the company’s southern New York region in a video interview with WND.

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Mirabile Dictu! JP Morgan Finally on Regulatory Hot Seat for Widespread Control Failures and Alleged Lying by Blythe Masters Under Oath

Mirabile Dictu! JP Morgan Finally on Regulatory Hot Seat for Widespread Control Failures and Alleged Lying by Blythe Masters Under Oath | Hidden financial system | Scoop.it

The Times reports that the bank faces actions across eight regulators including: FERC, for a series of “schemes” to dupe state authorities to overpay for power and includes allegations that JP Morgan executive Blythe Masters lied under oath; using false documents when collecting credit card debt; and a failure to report suspicious trading activities by Bernie Madoff.

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Occupy the SEC, Frustrated With Regulatory Defiance of Volcker Rule Implementation Requirements, Sues Fed, SEC, CFTC, FDIC and Treasury

Occupy the SEC, Frustrated With Regulatory Defiance of Volcker Rule Implementation Requirements, Sues Fed, SEC, CFTC, FDIC and Treasury | Hidden financial system | Scoop.it

In the US, the challenge is somewhat different. While the issue of widespread apathy is the same, one critical difference is that much of the public still fails to understand the degree to which the ruling classes no longer represent their interests. Oh, they may resent the banks, and they may also hate Congress, but most people deeply need to believe they live in a system that is fair and where business and political leaders (some if not all) still deserve respect and admiration. So efforts like this suit, which in a few short pages sets forth regulators have simply refused to do their job, whether out of intellectual laziness or due to their indulgence of bank stymieing tactics, puts another chink in the official defenses of cronyism.

 

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Today's 482 Millisecond NFP Leak, The Subsequent Gold Slam And Trading Halts In Treasurys And ES

Today's 482 Millisecond NFP Leak, The Subsequent Gold Slam And Trading Halts In Treasurys And ES | Hidden financial system | Scoop.it

On Monday we brought to you proof of a 15 millisecond frontrunning of the Mfg ISM number by what turned out to be HFT clients of Reuters which admitted subsequently it had "inadvertently" leaked the number to select clients.

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The Complete History Of JPMorgan's "Monstrous" Derivative Risks And Abuses - The Full Senate Report

The Complete History Of JPMorgan's "Monstrous" Derivative Risks And Abuses - The Full Senate Report | Hidden financial system | Scoop.it

Finally, we are happy that our small contribution to exposing the catastrophic JPM TBTF prop trading behavior made its way into the report [ ]

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Elizabeth Warren : "Too Big to Fail has become Too Big for Trial"

http://warren.senate.gov Senator Elizabeth Warren asks federal bank regulators why no banks were taken to trial in the aftermath of the financial crisis.
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