Greece to crash out of the Euro?

Greece should brace itself for some form of capital controls, say analysts at Credit Suisse. As Greece has closed the door on making a deal with its international creditors, we can expect urgent fiscal control measures to come in from Monday. Here’s more from a Credit Suisse note sent on Friday: “A “No deal” scenario […]

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The Ultimate Cause of the Financial Meltdown: The Government

In this superb new video – which is just under six-minutes long – the Manhattan Institute’s Nicole Gelinas explains the relevant, bailout-bloated history behind the 2008 financial crisis.  Contrary to popular myth, the chief cause of this crisis was not banks and other financial institutions being too free of the oversight of government regulators but, […]

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These 7 Revealing Emails Show Federal Officials Scheming to Target Legal Businesses

Senior officials at the Federal Deposit Insurance Corporation actively sought to crack down on legal businesses that the Obama administration – or the officials themselves – deemed morally objectionable, a new congressional report finds. Released today by the House Oversight and Government Reform Committee, the 20-page investigative report details how the FDIC worked closely with the […]

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Luxury Home Foreclosures Soar 61%

I’ve always wondered what would happen once private equity players decided enough was enough and foreign oligarchs finished their real estate money laundering transactions. Well, we might be about to find out. According to RealtyTrac, foreclosures for homes worth $5 million or more are up 61% this year despite the fact that overall foreclosures are […]

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