Business

A few days ago we noted that DB allegedly requested more time to comply with a letter drafted by the infamous Maxine Waters of the House Financial Services Committee demanding information from on a Russian money laundering scheme and loans made to Trump's businesses while he was a private citizen.  Without providing any evidence or basis for her request, Waters seemingly attempted to link Trump to the "Russian Mirror Trading Scandal" and also asked for info on whether Russia "guaranteed" $300 million of loans made to Trump's real interests in the Doral Golf resort in Florida, a Washington D

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Without Glass-Steagall America Will Fail

Paul Craig Roberts

U.S. companies (other than Amazon) that depend on consumers' discretionary income are at their weakest 'since Lehman'.

Authored by Simon Black via SovereignMan.com,

Here’s the perfect example of how insane our financial system has become.

It was announced yesterday that, after a 24-hour white-knuckled ride, Spanish banking giant Banco Popular had been sold to Banco Santander for the price of just 1 euro.

Note- that’s 1 euro in TOTAL. Not 1 euro per share.

Banco Popular had once been one of Spain’s largest banks.

In the latest sign that the US housing market has peaked after an astounding post-crisis run-up, a report by ATTOM Data Solutions showed that the number of homes flipped by speculators fell to its lowest level in two years.

The report showed that 43,615 single family homes and condos were flipped nationwide during the first quarter of 2017, the lowest number since the first quarter of 2015.