Get Ready Taxpayers – It Is Going To Crumble And This Time There’s A Lot More Zero’s On The End!

Record $175 Billion Due Makes Banks Worst Losers

Banks are leading losses in China’s bond market this quarter as investors brace for a record $175 billion in debt due in 2014 and Standard & Poor’s warns that bad loans will escalate.

Notes issued by financial companies including China Construction Bank Corp. have lost 2.7 percent since

Treasury skewered for doling out ‘excessive’ CEO pay packages after bailouts

Washington – A government auditor harshly criticized the Treasury Department for approving “excessive” pay packages for top executives at three companies that received large government bailouts.

Christy Romero, the special inspector general overseeing the $700 billion Troubled Asset Relief Program, criticized the Treasury for approving pay raises at General Motors Co., Ally Financial Inc. and American

CHINA GOES SHOPPING IN USA: Chinese Own $7 Billion in U.S. Housing Market And Buying 80% of AIG Plane Unit And Obama’s Solar Darling…


Chinese buyers lead foreign investment in US housing market

According to the National Association of Realtors, non-American buyers accounted for $82 billion in home sales last year. More than $7 billion of that is by the Chinese, who are now the second largest foreign home purchasers after Canadians. They’re buying high-end, multimillion-dollar homes from California to

Banks are facing derivative margin losses as too-big-to-fail comes to an end

From Bloomberg:

Derivatives traders may take losses on the margins they post at clearinghouses during a crisis, as global plans to eradicate the dangers of too-big-to-fail financial institutions gather pace.

Losses on so-called variation margin and conversion of creditor claims into equity are among options proposed by a group of regulators last week to protect

Treasury Selling Another $4.5 Billion In AIG Stock, AIG To Buy $3 Billion Of Offering


Full release:

American International Group, Inc. (AIG) today announced that the U.S. Department of the Treasury (Treasury) has launched an offering of $4.5 billion of its AIG common stock, par value $2.50

AIG Chief Sees Retirement Age as High as 80 After Crisis

Boris Cerni and Zachary Tracer June 4, 2012

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase.

“Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68

Who’s in charge at JPMorgan?

JPMorgan Gave Risk Oversight to Museum Head – The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American International Group Inc.’s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots.  What the risk

A shocking new report on JPMorgan’s massive losses and risk “management”… It seems hard to believe…

From Bloomberg:

The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American International Group Inc.’s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots.

What the risk committee of the

Billion-Dollar Traders Quit Wall Street for Hedge Funds

In the five years that John Silvetz made about $700 million for Deutsche Bank AG (DBK) by trading corporate bonds and credit derivatives, the amount of his annual bonus paid in cash dropped to 20 percent from almost 70 percent.

The rest, earned by betting on companies from American International Group Inc. to MBIA Inc., was locked

America’s “Largest Minority-Owned And Operated Investment Bank” Shuts Down

Solyndra, Ener1, and now Kaufman Bros – The current economy may not be very good at creating jobs, even minority-focused ones, but its track record in inverse job creation is rapidly becoming second to none. Bloomberg reports that “Kaufman Bros. LP, the minority-owned investment bank that helped unwind U.S. stakes in bailed-out financial companies, ceased operations as

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