Very serious consideration should be given to a thorough independent audit and new independent stress tests for Deutsche Bank.
I fled the Islamic Republic of Iran with a suitcase, a thousand dollars, and rebuilt my life. Less than ten years later, I faced a decision that threatened to erase most of what I had accomplished.
Do derivatives confuse you? Do you hate bond math? We feel the same way! So we simplified your life with headache free QE math.
— The Federal Reserve Board We-Hate-Math Committee
Art loans as collateral for CDOs? Illiquid subjectively valued assets; what could go wrong?
Don’t you just love the phrase, “prepared to buy foreign currency in unlimited quantities.” Some central banks were prepared to sell in unlimited quantities, and SNB knew that when it penned its November 2014 press release.
Lawyers may argue either side of a case, but expert witnesses are supposed to provide opinions grounded by science, facts, and evidence.
This year the nod goes to Bloomberg News’ Liam Vaughan, Gavin Finch, and Bob Ivry.
Thomas Peterffy, Chairman and CEO of Interactive Brokers, proposed this solution years ago, including in testimony before the U.S. Congress.
Fifteen of the nineteen 9/11 hijackers were Saudi Arabian, two more were from the United Arab Emirates, one was from Egypt, and one from Lebanon. They were all from Arabic-speaking countries, and presumably the terrorists read Islamic scripture in the original Arabic. Muslim scholars did not unite to protest this act of terrorism. Instead, many celebrated a victory, because the Quran includes passages that permit violence to expand Islam.
In September 2014, Tavakoli asked His Excellency Iyad bin Amin Madani, Secretary General of the Organization of Islamic Cooperation (OIC), why criminals from so many different countries and cultures continue to band together in the name of Islam to commit mayhem and murder authorized by the highest levels of Islamic clergy.
He dodged the question.
Unveiled Threat is her response based on her personal experiences and study of the roots of terrorism.
AG Holder spent part of his summer in Ferguson, while Jon Corzine played in the Hamptons. It was a good thing Ferguson reminded Holder about New Jersey, and it was timely that James Woods reminded him about equal justice under law, otherwise we might have a two-tiered system of justice where connections and campaign contributions can ensure immunity from criminal prosecution.
Almost six years after the financial crisis, JPMorgan, Citigroup, and Bank of America face fines of around $12 billion each for their role in mortgage malfeasance. In the context of the damage done and the bailout money poured into banks; the fines are miniscule and won’t even cover the damage done in one or two blighted areas.