Category Archives: Banks

Next Phase of Carmageddon: the Banks

Next Phase of Carmageddon: the Banks | Wolf Street https://wolfstreet.com/2017/11/09/banks-tighten-prime-subprime-auto-lending-standards/ Re-posted from Wolf Street. Geoff Geoff Comments: There will be a lot of pain generated by the Auto Industry, for banks, because of the misalignment of production, sales, financing and … Continue reading

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China: Shadow Bank Inflows Are Critical To Sustain The Ponzi… But They’re Falling

China: Shadow Bank Inflows Are Critical To Sustain The Ponzi… But They’re Falling | Zero Hedge http://www.zerohedge.com/news/2017-11-03/china-shadow-bank-inflows-are-critical-sustain-ponzi-theyre-falling Re-posted from Zero Hedge. Geoff Geoff Comments: This why China is not as strong as they appear… Of course, neither are we…

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Global Banks Sabotage Uruguay’s Efforts to Legalize Marijuana

Global Banks Sabotage Uruguay’s Efforts to Legalize Marijuana https://wolfstreet.com/2017/09/03/global-banks-sabotage-uruguays-efforts-to-legalize-marijuana/ Re-posted from Wolf Street. Geoff Geoff Comments: It sounds as if Banks are above the law…

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Fearing Contagion, Russia Bails Out Bondholders in its Biggest Bank Collapse Yet

Fearing Contagion, Russia Bails Out Bondholders in its Biggest Bank Collapse Yet | Wolf Street https://wolfstreet.com/2017/08/30/fearing-contagion-russia-bails-out-bondholders-in-its-biggest-bank-collapse-yet/ Re-posted from Wolf Street. Geoff Geoff Comments: Russia has a lot to hide…

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Banks Earn Record Profits in Q2, Savers Sacrificed: FDIC

Banks Earn Record Profits in Q2, Savers Sacrificed: FDIC | Wolf Street http://wolfstreet.com/2017/08/22/banks-earn-record-profits-in-q2-savers-sacrificed-fdic/ Re-posted from Wolf Street. Geoff Geoff Comments: Banks got more profits but spent it buying back stock, benefiting stockholders and hurting savers…

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How Banks Hurt the Real Economy: FDIC’s Hoenig to Senate

How Banks Hurt the Real Economy: FDIC’s Hoenig to Senate | Wolf Street http://wolfstreet.com/2017/08/02/share-buybacks-dividends-eat-100-of-bank-earnings-crimp-lending-constrain-economy-fdics-hoenig-to-senate/ Re-posted from Wolf Street. Geoff Geoff Comments: Banks are a criminal enterprise, yet, the perpetrators rarely are brought to justice… Its a big enterprise, the US … Continue reading

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Meet “Aida”, the Perfect Banker (and a Robot): End of Branch Banks Coming

Meet “Aida”, the Perfect Banker (and a Robot): End of Branch Banks Coming | MishTalk https://mishtalk.com/2017/07/30/meet-aida-the-perfect-banker-and-a-robot-end-of-branch-banks-coming/ Re-posted from MishTalk. Geoff Geoff Comments: Sweden introduces “Aida,” a robot to replace bank branches, expect this advancement to spread throughout the civilized world, … Continue reading

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EU Plans to Freeze Deposits to Prevent Bank Runs

EU Plans to Freeze Deposits to Prevent Bank Runs | Wolf Street http://wolfstreet.com/2017/07/30/leaked-eu-plans-to-freeze-deposits-to-prevent-bank-runs/ Re-posted from Wolf Street. Geoff Geoff Comments: The latest plan by the European Commission to prevent bank runs by freezing depositor assets, allows government to deny depositors … Continue reading

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It Just Doesn’t Let Up with Wells Fargo

It Just Doesn’t Let Up with Wells Fargo | Wolf Street http://wolfstreet.com/2017/07/29/wells-fargo-auto-loan-cpi-unneeded-insurance-overcharges-defaults-repossessions/ Re-posted from Wolf Street. Geoff Geoff Comments: With this latest scandal, Wells Fargo bank seems little more than a criminal enterprise taking advantage of their captive clientele, unfortunately … Continue reading

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Bank Deregulation Back in Vogue: It’s time to dance the last fandango!

Bank Deregulation Back in Vogue: It’s time to dance the last fandango! | Zero Hedge http://www.zerohedge.com/news/2017-07-26/bank-deregulation-back-vogue-it%E2%80%99s-time-dance-last-fandango Re-posted from Zero Hedge. Geoff Geoff Comments: Yes, let’s deregulate banks, cut the cumbersome regulations and see if we are ready for a more … Continue reading

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