So apparently, we have Naked Credit Default Swaps. The simple story is that it’s an insurance bet between two parties that pays the difference. It’s supposed to be used as insurance or a hedge. Supposed to. But things get a little bit interesting. -here’s the idea, they’re naked. So we have literally degenerate layers and… Read More A look at Naked Credit Default Swaps, more Wall Street Degeneracy
Alright, come with me to Pretend-land and put on some pretenses for your amusement. Let’s say your some retail trader and you’ve got an account with the popular mobile game Robinhood or Etrade or something in the genre of ‘stock markets’ and ‘online gambling’ or ‘degenercy adjacent to pornography’. Point is, if you actually read… Read More ‘Beneficial Ownership’ and Brokers are not your friends. Chances are, they never had your back nor your shares.
This is a very long article, I apologize, I don’t like long articles either. Hell, I wrote the damn thing. – And it’s sadly really really long based on many moons of research. This is of course an opinion backed by what little evidence that I can scour to paint an opinion editorial piece to… Read More Comprehensively Extensively Long look at the Naked Short Selling Phantom Menace of the Markets
I’m talking about the Movie “The Other Guys” (2010), you know, the movie that has two second-rate schmucks fumble fuck their way through a large financial scandal in a comedyesque adventure after the main all-stars find the exit? Yea, here’s some comedic spoilers from the beginning; in case you haven’t seen the movie; Point is,… Read More The Other Guys is Financial Comedy Gold
“In the aftermath of the 2008 financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) enhanced the CFTC’s regulatory authority to oversee the more than $400 trillion swaps market.” -CFTC It sure sounds good. Sure sounds like they care, right? Here’s a definition of the word ‘Sham’ so that… Read More Dodd Frank Act of 2010 was a sham, FDIC is a scam
This is not an essay for purposes of a manifesto or some other retarded machinations of societal’s shadows, this is simply me talking shit. As all good shit talkers do. This shit-talk is going to start some preamble brambling out to a ramble about the American Banking system today, a post-modern critique. And post modernism… Read More A critique of Banking by me, an Uncultured Bohemian Swine
Here is a great sesh🍕 with Tim Dillon talking about 08 Mortgage fiasco game of musical chairs and hot potato with entire families’ life savings. There’s a lot here but I’ll focus on the mortgage bit a little more. You see, Timmy D was in the Loan originator (or some shit) business prior to being… Read More A NY Slice of 08′ ; American Degeneracy at it’s finest.