Andrew Hepburn: Market rigging by central banks is gaining respectability

GATA 11:30p ET Monday, July 23, 2012 Dear Friend of GATA and Gold: Writing again for the Canadian magazine Macleans, sometime GATA researcher Andrew Hepburn argues that it wouldn’t have been so odd for the Bank of England to intervene surreptitiously with the LIBOR interest rate reports of Barclays Bank, since central banks lately have [...]

Who needs bankers on regional Fed boards, except their banks?

GATA Fed, Born of Morgan’s Bailout, Is Under Scrutiny After Dimon’s Loss By Caroline Salas Gage and Jeff Kearns Bloomberg News Tuesday, June 19, 2012 http://www.bloomberg.com/news/2012-06-19/fed-born-of-morgan-s-bailout-un… After John Pierpont Morgan stepped in to quell the panic of 1907, U.S. lawmakers created the Federal Reserve in 1913 as a lender of last resort to defend against [...]

Alasdair Macleod: Eurozone banks and contagion risk

GATA 11:55a ET Sunday, March 18, 2012 Dear Friend of GATA and Gold: Economist and former banker Alasdair Macleod, writing at GoldMoney, predicts that not just the debt of the marginal European Union nations but all government debt will soon be impugned by Greece’s bond default. Macleod’s commentary is headlined “Eurozone Banks and Contagion Risk” [...]

Secret Fed loans helped banks net $13 billion

GATA Most of the Federal Reserve’s gold records, sought by GATA’s federal freedom-of-information lawsuit, remain secret. Outside the Fed itself, only two people claim to know everything the Fed is doing secretly in the gold market — Kitco gold market analyst Jon Nadler and CPM Group Managing Director Jeff Christian. And they say the Fed [...]

Hey, Hoenig, those oversize banks are rigging markets for your boss

Fed’s Hoenig Says U.S. Should Break Up Largest Financial Firms By Joshua Zumbrun Bloomberg News Wednesday, February 23, 2011 http://www.bloomberg.com/news/2011-02-23/fed-s-hoenig-says-top-financial… WASHINGTON — Federal Reserve Bank of Kansas City President Thomas Hoenig said U.S. regulators should avert another crisis by breaking up large financial institutions that pose a threat “to our capitalistic system.” “I am convinced [...]

Imminent Big Bank Death Spiral

By Jim Willie CB, Golden Jackass Subscribe: Hat Trick Letter The mortgage & foreclosure scandal runs so deep that ordinary observers can conclude the US financial foundation is laced with a cancer detectable by ordinary people. The metastasis is visible from the distribution of mortgage bonds into the commercial paper market, money market funds, the bank balance sheets, [...]

Fight Back

By Larry LaBorde, GoldSeek If you are tired of the Wall Street bankster bailout program at taxpayers expense but feel helpless to do anything about it then keep reading.  If record profits for the big six banks (and big bonuses for the executives there) that took your tax dollars makes you wonder exactly who is in [...]

Banks with political ties did best with bailouts, study concludes

By Steve Eder, Reuters NEW YORK — U.S. banks that spent more money on lobbying were more likely to get government bailout money, according to a study released on Monday. Banks whose executives served on Federal Reserve boards were more likely to receive government bailout funds from the Troubled Asset Relief Program, according to the study [...]

Historic Ghosts Reappear

By Roger Wiegand, Kitco We are constantly reading and comparing current economic fundamentals and market action with similar historic experiences in the U.S. Today we discuss key points with eerie similarities to other troubled times. This discussion will get you thinking. As someone once said, “History never repeats exactly but certainly rhymes.” What we envision [...]

American Gold Bullion

Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to [...]

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