JP Morgan is tanking but wait… it’s CEO takes full responisiblity?!

  As I  reported yesterday JP Morgan’s CIO group lost $ 2 billion. Jamie Dimon JP Morgan was quick to blame himself which considering he is a committed psychopath begs a few questions. For one psychopaths don’t usually take responsibility for their failures unless it solves other problems such as what will happen to the […]

Italy Police Busts Fitch Milan Office

Right action, wrong rating agency. Standard & Poor is owned by the too big to fail banksters and would have been a much better choice! The USS Europa Discorida story just gets more and more surreal. ITALY PROSECUTORS WIDEN RATINGS AGENCY PROBE TO FITCH, UNDER INVESTIGATION FOR MARKET ABUSE, INSIDER TRADING – INVESTIGATIVE SOURCE ITALY […]

Fitch Downgrades UBS, Many Others, Puts Morgan Stanley, Bank of America, Goldman, BNP, Deutsche Bank, SocGen And Others On Watch Negative

Not only is John key presiding over two downgrades for NZ on his watch, now the bank that holds most of his wealth is going down the tubes too as Fitch downgrades UBS and puts all the too big too fail banks on negative watch: Since one can not get a downgrade of a bank […]

Blow to recovery

No kidding? Growing economic confidence has been knocked by New Zealand being placed on negative creditwatch as the Government puts its hat out to international lenders. International ratings agency Fitch said it was worried about New Zealand’s high debt levels and reliance on overseas borrowing. The agency confirmed New Zealand’s rating at AA plus, but […]