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Will The ECB Finally Use The Greek "Nuclear Option" This Wednesdsay?
This was not supposed to happen: by now the Greek insolvency "can" should have been kicked, and the Greek government, realizing the money has run out for both the government and the banking system,...
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This Is What A Volcker Rule Loophole Looks Like
Submitted by Daniel Drew via Dark-Bid.com,After the carnage of the 2008 crash, former Federal Reserve Chairman Paul Volcker proposed a rule that would prevent banks from making short-term proprietary...
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Deutsche Bank Exodus Continues As Real Estate Chief Leaves For Blackstone
Earlier this month, Deutsche Bank’s co-CEOs Anshu Jain and Jürgen Fitschen were shown the door (well, technically they resigned, but with shareholder support plummeting amid skepticism about both...
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OMT Decision By EU Top Court Sets Europe On Renewed "Collision Course" With...
Last February, when relations between the ECB and the Bundesbank were comparable to those currently between the US and Russia (and then something dramatically changed for reasons still unknown but...
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Regulators Try To Clamp Down On Soaring China Margin Loans "Without...
As Chinese stock market capitalization topped $10 trillion for the first time in history, so the spectre of total and utter speculative mania looms as the balance of margin loans tops $2.2 trillion and...
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Fear Trumps Greed As Chinese Stock Bubble Canary In The Coalmine Croaks
Chinese stocks had a tough night with CHINEXT dropping back into official correction once again and the rest of the Chinese stock euphoria fading systemically. In fact, Chinese stocks have gone nowhere...
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RenTech Uses "Amazing" Legal Trick To Help Employees Dodge Retirement Taxes
Jim Simons’ Renaissance Technologies and its internal HFT fund Medallion are no strangers to questions about tax avoidance. Last July, a Senate subcommittee report alleged that Renaissance, with the...
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"Calm Reigns" Everywhere As Greece Inches Closer To Default, China Crashes
In what is perhaps the most glaring instance of central bank intervention yet, Reuters today captured the market mood as follows: "Calm ruled Europe's stock and currency markets on Friday as Greece...
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Greek GDP: The Shocking Reality Vs IMF Forecasts; And Who Is To Blame For The...
With a Greek default, shortly followed by a Grexit, a collapse of the "irreversible union" (but... but... "political capital"), and ultimately the end of the latest European monetary union experiment...
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$140 Billion Bond Fund Goes To Cash As It "Braces For Bond-Market Collapse"
Recently, it’s become readily apparent that some of the world’s top money managers are getting concerned about what might happen when a mass exodus from bond funds collides head on with a completely...
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Tsipras Faces Party Revolt In Bid To Push Debt Deal Through Parliament
On Monday evening in “Greece Capitulates: Tsipras Crosses ‘Red Line’ Will Accept Bailout Extension,” we outlined the political battle facing Alexis Tsipras in the wake of the Greek PM’s move to...
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The Single Most Important Chart For Stocks
Stocks rallied yesterday on the announcement (what is this, the 105th?) that Greece’s problems had finally been solved. The whole charade is tiresome. I say charade because the ECB doesn’t give a hoot...
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"The End Of The Road" - Debt-Funded Buyback Boosts Are Finite
Submitted by Lance Roberts via STA Wealth Management,I penned an article recently discussing the many measures that corporations have used in recent years to "beat" Wall Street estimates. Of course,...
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Investors Sue Wall Street, Markit For Conspiring To Monopolize CDS Market
At this point, the list of markets that Wall Street’s largest banks have at one time or another colluded to manipulate is so long that it’s easier to just list the markets they haven’t conspired to...
View ArticleFrontrunning: June 25
This headline needs updating: Creditors set bailout ultimatum for defiant Greeks (Reuters)Greece’s Fragile Banks Leave Alexis Tsipras Few Options in Bailout Talks (WSJ)Dueling Greece Plans Presented as...
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IRS Deleted Backups Of 24,000 Lois Lerner Emails Months After Subpoena
Back in 2013 when the IRS' scandalous targeting of "teaparty" organizations was first disclosed and when then IRS-official Lois Lerner pleaded the Fifth while the IRS' defense was that all her emails...
View ArticleFrontrunning: June 26
Chinese Stock Plunge Leaves State Media Speechless (BBG)China’s Market Selloff Accelerates (WSJ)Any Deal on New Greek Bailout Funds Put Off Until Weekend (WSJ)ECB keeps ELA funding limit for Greece...
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Deutsche Bank CEO May Have Lied To Bundesbank About Rate Rigging, BaFin Says
A lot has transpired at Deutsche Bank over the last three months. Let’s recap. In April, Deutsche settled rate rigging charges with the DoJ for $2.5 billion (or about $25,474 per employee). A month...
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Greek IMF Default May Trigger €131 Billion Payment On EFSF Lonas
Back on May 11, we took a close look at what a Greek default to the IMF would mean in terms of the country’s obligations to its other creditors. At the time, it appeared as though Greece was set to...
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Collapsing CDS Market Will Lead To Global Bond Market Margin Call
Submitted by Daniel Drew via Dark-Bid.com,As Zero Hedge previously noted, liquidity is there when you don't need it, and it promptly disappears once it is in demand. Consider it "cocktease capitalism."...
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