Monthly Archives: November 2011

Rumor: Large European Bank Almost Failed Last Night

Rumors are flying right now that a large European bank was near collapse last night, and was likely the cause for the massive central bank intervention. From Forbes: “It appears that a big European bank got close to failure last night.  European banks, especially French banks, rely heavily on funding in the wholesale money markets.  […]

Bloomberg – Secret Fed Loans Helped Banks Net $13 Billion

Secret Fed Loans Helped Banks Net $13 Billion By Bob Ivry, Bradley Keoun and Phil Kuntz – Nov 27, 2011 Bloomberg Markets Magazine The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout inU.S. history a secret. Now, the rest of the world can see […]

Police State vs. Occupy Wall Street

“Time to go beat some hippies.” Random Police Officer (8:25am, November 15, 2011) This photo was taken the morning after the surprise police raid that began at about 1 a.m. earlier that night that had emptied the park. Officers not only removed the protesters who had camped there for almost two months, but they also […]