Iris Mack's Blog - Banks

Tale of Two Financial Crisis: Iceland vs. USA

Sat, 16 Feb 2013 03:36:00 --0100

Morgan Stanley's "Nuclear Holocaust" Lawsuit

Wed, 23 Jan 2013 22:37:00 --0100

Hundreds of pages of internal Morgan Stanley documents, released publicly last week, shed much new light on what bankers knew at the height of the housing bubble and what they did with that secret knowledge.

CNBC: British Financial Sector Job Losses to Top 132,000

Wed, 23 Jan 2013 03:00:00 --0100

U.K. banks and other finance firms will shed another 18,000 jobs in the first quarter of 2013 after cutting 25,000 in the last quarter, according to a report by a business lobby group. That would bring the total job losses to 132,000 since the fourth quarter of 2008, when the global financial crisis began. Please read more here.

Keiser Report: Citigroup Bilked Abu Dhabi of Billions

Sun, 30 Dec 2012 15:23:00 --0100

In this episode, Max Keiser and Stacy Herbert discuss David Cameron appointing former bankers to Treasury. They look at another former banker who became a Treasury Secretary only to become a bankster - Robert Rubin - and his role in Citigroup bilking Abu Dhabi of billions. In the second half of the show, Max Keiser talks to Reggie Middleton about Facebook, fraud and financialization.

HSBC Couldn't Track $60 Trillion in Suspicious Activity?

Sun, 16 Dec 2012 16:01:00 --0100

Things that make you go hmmmmmm.........

12-Year Old Victoria Grant Explains How Banks Commit Fraud

Sun, 28 Oct 2012 12:34:00 --0100

12-Year Old Economist Takes Internet by Storm With Strong Stance Against Banks

Sun, 28 Oct 2012 12:33:00 --0100

This child tells it like it is! She is making us grownups look really bad!

Crisis of Trust in the Financial System

Wed, 24 Oct 2012 17:29:00 --0100

Some thoughts on the financial crisis from a group of experts on a panel discussion held at one of my alma maters - the London Business School.

Spanish "Robin Hood" Mayor Loots Supermarket & Gives Groceries to the Poor

Tue, 21 Aug 2012 19:03:00 --0100

A Spanish mayor who became a cult hero for staging robberies at supermarkets and giving stolen groceries to the poor set off on a three-week march on Thursday that could embarrass the government and energise anti-austerity campaigners. [Juan Manuel Sanchez Gordillo, Mayor of Marinaleda]: "We will occupy banks because they are responsible for this crisis and some of them (bankers) should be in jail. The attorney general should intervene as well as Mrs Becerril (the ombudsman), but that is unlikely." Please watch video and read more here.

Keiser Report: Wall Street vs City of London

Fri, 17 Aug 2012 03:39:00 --0100

Max Keiser and Stacy Herbert discuss the US empire stumbling into the City of London with a trickle down shakedown, after the "British poodle" bites the hand that feeds it.

Are Government & Banks Secretly Preparing For A Global Financial Meltdown

Mon, 13 Aug 2012 15:22:00 --0100

Sober news from The Economic Collapse Blog...

American Cities Withdraw Millions of Dollars From Big Wall Street Banks

Fri, 10 Aug 2012 03:30:00 --0100

Brockton, Massachusetts is divesting its municipal payroll from Bank of America, moving the $170 million, 3,500-person account to Boston-based Eastern Bank, according to theBoston Globe. The city of Buffalo, New York moved $45 million out of JPMorgan Chase in May, not long after that bank revealed it had suffered a multibillion-dollar trading loss. Officials in Hempstead, New York, withdrew $12 million from JPMorgan in 2011, reportedly because the bank did not do more to help local borrowers stay in their homes. Church leaders in Oakland and San Jose have moved at least $3.1 million out of accounts at Bank of America and Wells Fargo. Please read more here.

"Batman" Shooter?s Father Was Scheduled to Testify as Whistle-blower in Libor Bank Fraud Scandal

Thu, 02 Aug 2012 13:40:00 --0100

Shocking details have emerged over the weekend regarding the alleged Colorado Batman shooter James Holmes. Holmes? father, Robert Holmes, reportedly is a senior lead analyst with FICO, and was scheduled to testify as a whistle-blower in the coming weeks regarding the LIBOR scandal, was reportedly ready to NAME BIG NAMES involved in the massive global fraud as well as provide evidence to the Senate Banking Committee linking the high level executives to their crimes! Please read more here.

Wall Street Journal: Smaller Banks Offer Better Rates Than Giant Banks

Tue, 31 Jul 2012 13:49:00 --0100

An analysis of more than 8,300 banks and credit unions conducted for The Wall Street Journal shows that smaller banks often offer better rates than giant banks, while bigger credit unions often beat smaller ones. Online banks, meanwhile, are most competitive in savings and money-market accounts. And location can make a big difference in the rates savers get.

Libor Scandal: As New York Fed Chief, Tim Geithner Had Multiple Meetings With Barclays

Wed, 11 Jul 2012 13:37:00 --0100

As president of the New York Federal Reserve before and during the financial crisis, Treasury Secretary Timothy Geithner met repeatedly with Barclays officials, according to documents released by the bank and the New York Fed. Not surprising that Turbo Tax Timmy Geithner is at the scene of another crime....