As a result of the fallout of the Barclay's Libor scandal and resignation of its Chairman and CEO, it was further revealed that the Federal Reserve was aware of this fraud and manipulation for years. What's a trader or investor to do with such information and any other information reported by governments, central banks, and corporations? The message is loud and clear: if we don't think you can handle the truth, we are not giving it to you. The obvious next question is- What other reports might the powers that be, cooking? And this beat goes on, and on, and on... Continue reading "You Can't Handle the Truth"
Tag: fraud
Goldman Sachs: Bump in the road or crisis on the way?
Last Friday, the Securities and Exchange Commission (SEC), brought charges against Goldman Sachs for selling mortgage-backed securities that the firm allegedly knew were bound to fail, costing investors $1 billion dollars. The news forced the major indices to decline and U.S. stocks to slump, but was this only a hiccup, or are worse things to come?
Vote below and give us your opinion on what the future holds in our comments section:
