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Jeff Nielson: There is more outrageous news out concerning the Western banking cabal, the crime syndicate otherwise known as our financial sector. The news was not that these banksters have openly admitted that they willingly/gleefully participated Read more…
Michael Snyder: Warren Buffett once said that derivatives are “financial weapons of mass destruction”, and that statement is more true today than it ever has been before. Read more…
Michael Snyder: The Democrats, the Republicans and especially Barack Obama promised that something would be done about the too big to fail banks so that they would never again be a threat to Read more…
While browsing the BBC’s news site on Tuesday, I stumbled on a piece about the Titanic. Since I’ve seen the movie – and therefore know everything about the big ship (including the fate of Rose DeWitt Bukater’s blue diamond necklace) – I’m not quite sure Read more…
EconMatters: Wall Street big banks (NYSE:XLF), although not entirely responsible for the Great Recession, most experts agree that banks creating and partying in the subprime securitization mess is one of the major contributing events that broke the camel’s back. Read more…
Shah Gilani: I’ve already expressed my desire to embrace the Occupy Wall Street movement. I said last week that I would join in whole-heartedly if I knew exactly what the protesters were trying to achieve. Read more…
Martin Hutchinson: There was a time when bank stocks actually looked like good investments. And many, having racked up big gains over the past two years, proved to be just that. Read more…
Jim Trippon: While perhaps in print QE 2 looks like the algebraic notation of a chess game which would show the strategic move of a chess player moving his queen to a certain space on the board Read more…
“It’s no secret that bank stocks have been absolutely crushed during the recession. Through the end of May, the financial sector within the S&P 500 lost 12.8% per year on average over the previous Read more…
| INDU | 0.00 | |||||||
| NASDAQ | 3011.04 | |||||||
| S&P 500 | 1402.31 | |||||||
| DIA | 131.66 | |||||||
| SPY | 140.472 | |||||||
| QQQ | 66.61 | |||||||
| GLD | 156.54 | |||||||
| SLV | 27.2508 | |||||||
| XLF | 14.945 | |||||||
| UNG | 20.11 | |||||||
| USO | 34.865 | |||||||
| VXX | 11.7199 | |||||||
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