T R U S T Of Government Falls To Record Lows

| January 20, 2014

In the corporate world, Banks are the least trusted entity for the fourth year running…..that figures, dosen’t it!  Couldn’t happen to a better group of liers, cheaters and price fixers!  Oh, did we also say thieves? Trust in governments continues to fall, making them the world’s least-trusted institutions for a third year in a row, […]

Donald Kohn Comments Send Him To The Back Of The Line For Next Fed Chairmanship

| September 16, 2013

Wise Dog Sources believe that Kohn is NOT a deregulator as Summers was perceived to be, and his comments that we review below essentially take him out of the Federal Reserve Chairman job opening! Wikepedia: Donald Lewis Kohn (born November 7, 1942) is an American economist who served as the former Vice Chairman of the Board of Governors of the Federal Reserve System. […]

The NSA Knows All About Your Credit Card Spending Habits

| September 15, 2013

Wise Dog Sources: For the third time in the past few weeks Tyler Durden of Zero Hedge has scooped a block buster story on the tracking and recording habits of the NSA (National Security Agency). You can review the previous two stories right here at The Stated Truth by scrolling down to September 2nd (Say It Ain’t […]

How LIBOR Sets Interest Rates

| August 8, 2013

Did you ever wonder just what LIBOR stands for…….well now you know! Until July 2012, the London Interbank Offered Rate (LIBOR) was the biggest little number that nobody outside finance understood, and yet it touched the lives of virtually everybody. LIBOR is an interest rate that gets calculated for ten currencies and fifteen borrowing periods […]

Bank Of America Goes Back To Old Customer Model

| November 1, 2011

Looks like the Netflix business model of raising charges and fees doesn’t work…we have slow learners with the banks, but they ultimately did get it! Bank of America has dropped its plan to charge customers $5 a month for using their debit cards, after a giant sized customer backlash.

Playing With Dominoes In Europe

| October 6, 2011

IMF Advisor Robert Shapiro comments on the European financial crisis: “In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks” Rest assured this is unlikely to happen, because it’s a game of dominoes. Once the first one goes down, they all go down!  And da boys in Europe […]

Pig In A Poke

| September 29, 2011

Soo…The next thing coming is to re-modify the re-modified loans….that should kick the can down the road for another year or so.  That way the bankers can collect on this years bonus money. One in five homeowners whose mortgages were modified under a program aimed at reducing foreclosures defaulted again within a year after their […]

Lights Dim For The Large Banks If This NYT Leak Is Correct… U.S. Is Preparing Legal Actions Against More Than A Dozen Big Banks

| September 1, 2011

Will the arrogant banks finally get their comeuppance…..we’ll see?  Chris Whalen, speaking on King World News (www.kingworldnews) and known as one of the top U.S. bank analysts, says Bank of America Corp (BAC) will probably have to restructure (go bankrupt) sooner rather then later, wiping out shareholders and giving bond holders a haircut.  Whalen said the new Bank of America […]

Bloomberg: $80 Billion Secretive Fed “Bank Subsidy” Program, Providing Bank Loans At 0.01% Interest

| May 26, 2011

Does anyone really doubt that the markets (Bonds,Stocks and Real Estate) are not an artificial rig job!  In the past that wasn’t the case.  But times have changed.  We guess desperate times call for desperate measures.  Hmm.  So here it is again: a secret bailout program used to “rip” the peasantry by the entitled kleptocrats, which nobody thought would […]

Troubled Banks Rise To Highest Level In 18 Years

| February 24, 2011

Rock and Roll, and to think….the media says it’s all behind us and everything is getting better rapidly…..NOT! Troubled Banks Rise To Highest Level In 18 Years By Marcy Gordon Posted: 02/23/2011 WASHINGTON — The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final […]

One Problem Leads Us To Another………….

| July 23, 2009

Through March of 2009, banks had taken only $1.1 trillion in write- downs to date. Even the most conservative estimates put total credit losses at $2.2 trillion. Tilson and Tongue make a convincing case that the losses will be far worse than that – more like $3.8 trillion. And these numbers have only grown over time.  […]

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