Finance

It Turns Out That JPMorgan Bought The ‘Nickel’ That Was Actually ‘A Bag Of Rocks’

  • Post category:Finance

2023 has not been a glowing one for JPMorgan.In mid-January, we discovered that the giant US bank was tricked into paying $175 million for some millennial's fake rolodex to enhance its college financial aid platform.Javice allegedly fabricated an enormous list of…

Continue ReadingIt Turns Out That JPMorgan Bought The ‘Nickel’ That Was Actually ‘A Bag Of Rocks’

“That’s Not True”: President Biden Moves Toward The Evil Twin Family Defense

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Authored by Jonathan Turley,President Joe Biden has repeatedly denied that his family received money from China.He has also denied any knowledge of his son’s foreign dealings despite direct evidence to the contrary, including a recorded message from the President to Hunter referencing the…

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First Republic Bank Shares Crash To New Record Low, JPM’s Dimon Reportedly Leading Another Rescue Effort

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Having dumped $30 billion of deposits into First Republic Bank last week, and the bank then being rumored to be pushing for a capital raise, The Wall Street Journal reports that JPMorgan CEO Jamie Dimon is leading discussions with the chief…

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‘Unprecedented Abuse Of Authority’: House GOP Demands Answers From Manhattan DA Over Trump Indictment, DeSantis Slams

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House Republicans on the Weaponization of the Federal Government subcommittee are using their new investigative powers to look into liberal Manhattan District Attorney Alvin Bragg, over the Soros-funded DA's reported plans to indict former President Donald Trump on felony charges this…

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Putin Tells Xi He’s “Open To Negotiating Process” On Ukraine As US Says Ceasefire “Unacceptable”

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Update(1017ET): What's being described as an initial, informal meeting between Presidents Xi and Putin is underway at the Kremlin. While the expected cordialities and expressions of closer relations were exchange, among the most notable early statements came from Putin, who said he's…

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“This Just Makes No Sense”: European Regulators Rush To Calm AT1 Investors After Credit Suisse Wipeout Shock

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14 years ago, the Obama administration (or rather his Wall Street lackey Steve Rattner) turned the bankruptcy process on its head with the Chapter 11 filing of General Motors, which steamrolled the bankruptcy liquidation waterfall by paying off the underfunded (and…

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New York City Mayor Eric Adams: We’re trending in the right direction and the city is coming back

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email New York City Mayor Eric Adams and Kathryn Wylde, president and CEO of Partnership for New York City, join 'Squawk Box' to discuss New York City's post-pandemic economy,…

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What is a Bailout?

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Silicon Valley Bank depositors made whole; Credit Suisse counter-parties saved; First Republic bondholders protected — are these bailouts or something else? Were these people “bailed out?” What are the differences between insured depositors getting their cash back, a private sector rescue…

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U.S. economy is incredibly tricky and it’ll get worse, says Colliers Securities’ Mark Grant

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Mark Grant, chief global strategist at Colliers Securities, joins 'Squawk Box' to discuss the current state of equity markets, the original mistakes central banks made across the world,…

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Futures Reverse Overnight Plunge As European Banks Stabilize From Historic Rout

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US equity futures, global markets and European bank stocks have stabilized, rebounding off worst levels which saw Europe's brand new banking megagiant UBS plunge as much as 16% before recouping most of the losses...... as investors digested UBS’s agreement to buy Credit Suisse…

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The New Madness of Crowds

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USDC and USDT are two well-known stablecoins. USDC is fully backing by safe, liquid assets, which are verified monthly by a major U.S. accounting firm under the scrutiny of U.S. state regulators. USDT (Tether) is an unregulated stablecoin with questionable asset…

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“This Is It!” – Von Greyerz Warns “The Financial System Is Terminally Broken”

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Authored by Egon von Greyerz via GoldSwitzerland.com,The financial system is terminally broken, toast, kaput!Anyone who doesn’t see what it happening will soon lose a major part of their assets either through bank failure, currency debasement or the collapse of all bubble…

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Massive Layoffs On Deck At Credit Suisse, Which Tells Workers Bonuses Will Still Be Paid So Go To Work

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The forced bail-in sale of Credit Suisse to UBS will lead to a staggering number of job cuts in the next few weeks or months, as there are significant overlaps at both banks resulting from the merger. Before the merger, Credit…

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Links 3/20/2023

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The worst frog disease in recorded history risks wiping them from the face of the Earth ZME Science Facing Extinction, but Available for Selfies in Japan’s Animal Cafes New York Times The mice with two dads: scientists create eggs from male…

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Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse

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The incompetence of our financial regulators, most of all the Fed, is breathtaking. The great unwashed public and even wrongly-positioned members of the capitalist classes are suffering the consequences of Fed and other central banks being too fast out of the…

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Turkey’s Opposition Leads in the Polls. Would They Move the Country Closer to the West? 

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By Conor Gallagher In recent years, Türkiye under president Recep Tayyip Erdoğan has forged closer ties with Moscow, and has profited from being a middleman between Russia and the West that helps both sides bypass sanctions. Following the Iran-Saudi Arabia rapprochement,…

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What Follows US Hegemony

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Authored by Vijay Prashad via thetricontiental.org,On 24 February 2023, the Chinese Foreign Ministry released a twelve-point plan entitled ‘China’s Position on the Political Settlement of the Ukraine Crisis’.This ‘peace plan’, as it has been called, is anchored in the concept of sovereignty, building…

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Best Used Cars Under $15,000 For Those Who Cannot Afford New

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Americans are spending too much on their new vehicles, and the average household can no longer afford $1,000 monthly payments. Consequently, a growing number of folks are turning to the secondary market for used cars even though prices are reaccelerating this spring. Business Insider and Consumer Reports…

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Biden DOJ Asks Supreme Court To Fast-Track Case That Could Reinstate Federal Gun Ban

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Authored by Matthew Vadum via The Epoch Times (emphasis ours),The U.S. Department of Justice (DOJ) is asking the Supreme Court to overturn an appeals court ruling that struck down a federal law preventing people under domestic violence-related restraining orders from having…

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The Eggheads Vs The Doers

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Authored by Jeffrey Tucker via DailyReckoning.com,I recently spoke at one of my favorite venues, the Liberty Forum in New Hampshire, which is an annual conference center on the Free State Project.It’s designed to encourage people to pick up and move to…

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Turley: Soros-Backed Manhattan DA’s Made-For-TV Trump Prosecution Is “Legally Pathetic”

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George Washington University Law Professor Jonathan Turley panned reports of the looming potential case against former President Donald Trump after the former commander-in-chief announced he may be arrested in the next week.As The Epoch Times' Jack Phillips reports below, alleged unnamed…

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