Geithner’s Pump And Dump Scheme
Pump and Dump
According to the SEC website, a pump and dump scheme is one of the most common investment frauds and works as follows:
First, there’s the glowing press release about a company, usually on its financial health [...]
Wells Fargo’s New Zero Down Payment Mortgage Program
Risk Of No Down Payment Mortgages
There is longstanding and overwhelming statistical proof that zero down payment home buyers default on mortgages at a far higher rate compared to home buyers who make a down payment. This [...]
Banks Move Quickly From Bust To Boom
Things Change Quickly
Only a couple of months ago, the consensus view predicted a collapsing banking industry that would need to be nationalized. Banks were viewed as black holes with little chance of becoming profitable. Fortune Magazine was [...]
Banks Push Back On Bailout - Wells Fargo Calls Stress Test “Asinine”
Wells Fargo Discovers High Cost Of Government Help
Wells Fargo Chief Calls Stress Test Asinine
March 16 (Bloomberg) — Wells Fargo & Co. Chairman Richard Kovacevich criticized the U.S. for retroactively adding curbs to the Troubled Asset Relief Program, [...]
