Donald Trump is the current favorite to win the Republican nomination for president, and Wall Street doesn’t appear to be happy about it. Trump is continuing to lead the Republican polls, only facing real competition […]
Tag: Wall Street
Powerful Wall Street Law Firm Comes Out In Favor Of Abandoning Quarterly Financial Reports
Wachtell Lipton, the powerhouse Wall Street law firm, on Tuesday expressed its support for ditching quarterly corporate financial reports. In a note to clients, partner Martin Lipton wrote, “We may still achieve a capitalism in […]
SEC Admits Its Powerless To Curb Stock Buyback Fraud
The Securities and Exchange Commission (SEC) has admitted it has no intention or ability to enforce rules designed to prevent manipulation of the market when companies buy back their own stocks according to its chair […]
SEC Chasing Sophisticated Insider Trading Hacking Group
A collection of hackers, known only as “FIN4,” are being investigated by the U.S. Secret Service under suspicion of hacking into corporate email accounts for confidential merger information, to be used for insider trading. The […]
Peer To Peer Lending Could Be The Next Financial Bubble
The $77 billion Peer to Peer (P2P) lending market is expanding exponentially thanks to Wall Street’s efforts to securitize the loans. It’s the same risky practice that led to the Great Financial Crisis, where poor […]
While Feds Ready Criminal Charges Against GM Engineers, Wall Street Walks Free
Proving that Wall Street is always above the law, federal prosecutors are said to be filing criminal charges against General Motors Co. over a faulty ignition switch linked to more than 100 deaths. The charges […]
SEC Commissioner Appalled By Latest Wall Street Criminal Acts
While the bandits of Wall Street sidestepped yet another criminal prosecution and yet again got off without anyone going to jail yesterday, one member of the Securities and Exchange Commission has, like us, had enough. […]
Ex-CIA Spyboss Petraeus Gets Slap On Wrist For Leaking Docs
While Chelsea Manning rots in a military brig ex-CIA head David Petraeus has been sentenced to just two years’ probation and fined $100,000 after admitting leaking classified documents to his mistress. The married general, 62, […]