Tags » Rigging The Game

A Wall Street Coup: How Financial Industry Drove Public Pensions Into Crisis and Pocketed Billions in Fees

Public pensions squander tens of billions of dollars each year on risky, poor-performing alternative investments.

By Gary Livlin and cross-posted from The Intercept

Thousands of Kentucky public school teachers  415 more words

Rigging The Game

Spain’s Supreme Court Flip-Flops on Mortgage Ruling After Just 1 Day Amid Bank Stocks Bloodbath, Legal Shitstorm Erupts

Plunging bank stocks got the Court’s attention, or something.

That was fast: Spain’s Supreme Court on Friday flip-flopped on its own ruling announced on Thursday that had sent bank stocks plunging. 173 more words

Rigging The Game

The American Economy Is Rigged

And what we can do about it!

By Joseph Stiglitz and cross posted from Scientific American

Americans are used to thinking that their nation is special. 292 more words

Rigging The Game

Sears Didn’t ‘Die.’ Vulture Capitalists Killed It.

Sears is a prime example of how hedge funds and private equity companies take over retailers and gradually bleed them dry for their own benefit. 294 more words

Rigging The Game

Why’s the World’s Biggest Asset Manager Advising the ECB on the Health of EU Banks?

BlackRock is “a market power that no state can control anymore.”

The ECB’s latest biannual stress tests are almost over. For months legions of financial regulators have been poking around in the soft financial underbellies of the Eurozone’s 130 largest banks looking for signs of weakness. 186 more words

Rigging The Game

Three Colliding Problems Leading to a New Economic Disaster

Last week’s stock sell-off was merely the beginning of what’s to come.

By Matt Taibbi and cross-posted from Rolling Stone

The soaring stock market has been the crux of Donald Trump’s argument for the competence of his reign. 255 more words

Rigging The Game

Revealed: The Run on Banks in Catalonia after the Independence Vote was Fomented by Madrid

The clandestine role of the Spanish government in a run on deposits that drained €29 billion from Catalan banks.

Just over a year has passed since over two million people in Catalonia voted in a banned referendum to leave Spain. 238 more words

Rigging The Game