How will the cryptocurrency industry fail? Very slowly, the all at once.
Bitcoin prices are far off of their peak, but they've been relatively stable these past few months.
However, that isn't a true picture of the environment.
The financial media has been all over the implosion of the FTX cryptocurrency exchange.
This is going to be painful, but it can no longer be ignored. So I suggest doing it fast, like ripping a bandage off.
I'm going to apologize in advance for some of the worst rap music ever created.
This is the best explanation for why Trump was elected over Hillary. It all comes back to Obama's failed legacy. It would be one thing if the GOP did block his legislation, but he and the democrats had a filibuster proof majority for many months and they squandered it. Why this is relevant today is because once again democrats are running a candidate with an abhorrent history of bad policies that Trump can use again and run to the left of them. And once again millions of people are hurting and even worse than during Obama's tenure and Joe Biden is telling us that no he will not lift a finger to help us. Well then why in hell should I or any democrat vote for him? Is he campaigning on rolling back the destructive things that Trump has done? Not to my knowledge. So then will he be the democratic hat trick and once in office pass the legislation that Trump wasn't able to like Clinton and Obama did for their predecessors and once again being the GREATER EVIL?
Goldman Sachs CEO David Solomon is shocked, shocked, by such disreputable behavior in his bank.
Here is his reaction.
Gary Cohn, former Goldman Sachs COO, is puzzled.
For some bizarre reason some people are under the impression that Wall Street banks may have broke some laws.
$243 Billion is the total amount of fines that major banks have paid for criminal behaviour since the start of the 2008 crisis. That's more than the GDP of Portugal.
The problem is poor people wanting to eat and have medical care.
It doesn't take a genius to predict this outcome.
Almost no bankers got thrown in jail for systemic fraud, and few bankers lost their jobs for making stupid loans.
So with no consequences, why not do it all again but repackaged, amirite?
If you are like me, you probably thought the DNC fraud lawsuit was over last August when a Florida judge dismissed the class-action suit.
