Category Archives: Credit Suisse

NEIL KEENAN UPDATE | The Final Battle Lines Are Being Drawn — Neil Keenan – Group K, Ltd.

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For as long as I remember elections were [real] elections (up until a few years ago when I had my eyes opened to reality). One side won and one side lost. Previously, it had never dawned on me that someone actually owned both parties, and no matter who won, that control group would be the actual winner.

This happened despite the US Democratic and Republican parties going through the motions in a continual effort to con us into believing the parties were fighting, when in fact (at the upper levels) they worked together, made money together and worked the con together; to bring us to our knees.

In other words, take one good look at who’s “who” in Congress and in the Senate. Then you will see who is who and who should not be there any longer.

Yes, we’ve been had for a long time – but not any longer, as we have awakened. We are tired of being had by a bunch of phony so-called politicians who pull the wool over our eyes again and again.

Continue reading NEIL KEENAN UPDATE | The Final Battle Lines Are Being Drawn — Neil Keenan – Group K, Ltd.

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18 Years Later – Pam Martens Sends Another Warning To The Fed & The Clintons | Zero Hedge

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Below is the testimony of Pam Martens to the Federal Reserve on June 26, 1998, imploring it not to support the repeal of the Glass-Steagall Act and usher in an era where Wall Street banks like Citigroup could own both insured deposits at its commercial bank as well as engage in high risk trading at its investment bank

Tyler Durden's picture

It is the same players that we saw enabling reckless behavior in 1998: Citigroup, the Fed, and the Clinton-led Wall Street Democrats. And, as Jesse notes, here we are again, almost eighteen years later, watching the same short term, selfish characteristics by the big money banks putting the entire economy of productive individuals at risk again

“There’s something big and scary going on behind the scenes but, as usual, the public isn’t reading about it on the front pages of the newspapers.” Pam Martens and Russ Martens warn that big banks and big insurers send scary signals…

Yesterday, the broad stock market, as measured by the Standard and Poor’s 500 Index, declined a modest 0.29 percent while big Wall Street banks like Citigroup and JPMorgan Chase fell by triple that amount. Bank of America, which bought the big retail brokerage firm, Merrill Lynch, in the midst of the 2008 crash, fell by 8.6 times the rate of the decline in the S&P to give up 2.50 percent.

 

Equally noteworthy, two major insurers, MetLife and Prudential Financial, saw percentage market losses far in excess of the S&P. MetLife declined by 2.74 percent while Prudential Financial lost 1.68 percent. Prudential Financial has been named a Systemically Important Financial Institution (SIFI) by the Financial Stability Oversight Council. MetLife had received the same designation but won a court battle to rescind the designation. The U.S. government is appealing.

Continue reading 18 Years Later – Pam Martens Sends Another Warning To The Fed & The Clintons | Zero Hedge

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