evilbanks.co.uk

Instead of ripping off other people’s articles I’m going to write my own commentary; and post a weekly set of external news links.

Expert investor Jim Rogers has slammed the Federal Reserve for destroying the dollar in order to rescue Wall Street, calling it “outrageous” that Ben Bernanke used $230 billion […]

Everybody’s decided to chuck in a couple of grand for a one thirty-one-millionth share in the moribund Northern Rock bank [story]. So far the government has surprisingly been unable to attract substantial interest from private investors, although the chancellor is set to present a case on BBC2’s Dragon’s Den next month. Personally I’m hoping […]

IF ONLY…. By: Richard J. Greene, Thunder Capital Management
1. Government spending is out of control with little regard for bringing budget deficits into balance;
2. Trade deficits are mounting toward new records despite a more than 30% decline in the value of the dollar;
3. Inflation rates and employment statistics were actually much worse than the […]

He puts his left leg in, his left leg out, does the Hokey Cokey and completely U-turns on his FSCS savings guarantee.
“We’ll offer protection on the first £100,000″
“That’s a bit of a fucking liability isn’t it Alistair?”
“We’ve got no choice, they’re losing faith in the banks, it could go down like a house of […]

The central banks again defer the inevitable which will only make the time of reckoning more painful. The US interest rate cut of 50 basis points has brought temporary respite to the markets, but only enough to stop the hemorrhaging.
Inflation fears end rally, sending stocks down
Although less brokers will be jumping this Autumn; […]

Borrowers unable to afford trailer park mortgages 4,000 miles away begin the butterfly effect that soon escalates into the first UK bank run in the modern-day credit collapse. As soon as confidence is lost in a financial institution you are witnessing first-hand how quickly customers can bring it to its knees. Billions have been […]