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pump and dump

The ECB Boiler Room, Part 2

By |2014-12-09T17:20:36-05:00December 9th, 2014|Bonds, Economy, Federal Reserve/Monetary Policy, Markets|

Just as China grapples with the scale of economic waste induced by heavy monetarism, Europe has that old 2011 feeling again of financial waste. Mario Draghi’s July 2012 promise to “do whatever it takes” was taken by banks and financial “investors” as a free-for-all to ride severely discounted sovereign debt to tremendous profit. They did so much of that the [...]

Liquidity Anesthesia

By |2014-04-10T10:03:16-04:00April 10th, 2014|Bonds, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Reuters reports this morning that RBC has joined with several other banks (only Goldman Sachs and Interactive Brokers were named by Reuters; Coutts & Co were named in a Bloomberg BusinessWeek article from yesterday) in a lawsuit against Blumont Group Ltd. At issue, apparently, are shares several executives and owners pledged as collateral to the financial firms securing credit lines. [...]

Legal Duplicity

By |2013-05-17T14:45:19-04:00May 17th, 2013|Federal Reserve/Monetary Policy, Markets, Stocks|

Christopher Rad of Cedar Park, Texas, was just sentenced to 71 months in prison for executing a technologically advanced update of a very old stock scam. Mr. Rad enlisted the aid of hackers and spammers to spread rumors and interest equity investors in various stocks, including RSUV, QRVS, VSHE, SVXA, and ASIC. The scheme involved infecting other computers with a [...]

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