Our financial system is crumbling this week.

[MrSaigon]

The hammer came down on some of the bullexpletivers Michael Lewis called bullexpletive on in Flash Boys. Interesting book if you haven't read it.

http://www.chicagotribune.com/business/ ... story.html

[pioneer98]

http://nypost.com/2016/02/20/fbi-gather ... y-scandal/

Fallout from Goldman Sachs’ involvement with the controversial Malaysian state fund continued last week.

US law enforcement officials are gathering sensitive documents — and identifying potential witnesses — in the massive money scandal that has ensnared the bank and one of its regional chairmen in a global probe, an international investigator told The Post.

The fallout escalated as reports and allegations about the tainted 1MDB emerged — from the $681 million in fund money that mysteriously showed up in the bank account of Malaysian Prime Minister Najib Razak, to reports of “exorbitant” fees for transactions charged by Goldman.

[Freed Roger]

http://www.latimes.com/business/la-fi-s ... story.html

Sports Authority files for bankruptcy and plans to shut or sell 140 stores

better use up any gift cards while you may.

btw, the one by me is not good. employees standing around - not helping. I've tried to get soccer shoes for my kid and some cleats for softball, they really don't have much a selection.

[Freed Roger]

kind of interesting
The Fed caused 93% of the entire stock market's move since 2008

[AdmiralKird]

kind of interesting
The Fed caused 93% of the entire stock market's move since 2008

Giving free loans will do that, yes.

Question, is there anything to prevent the banks from taking the free loans to boost their liquid capital adequacy ratios and offer more loans than they should, or does capital adequacy take into account the liability in addition to the cash on hand?

[AWvsCBsteeeerike3]

kind of interesting
The Fed caused 93% of the entire stock market's move since 2008

QE obviously was a big player in the stock market surge but that article is ridiculous. Stocks have surged for two reasons. 1. They were undervalued in 2008. 2. Their earnings have surged which causes share price to surge.

[Jocephus]

Missouri Rep to Colleagues: Please Stop Saying 'Physical' Instead of 'Fiscal'

http://www.riverfronttimes.com/newsblog ... -of-fiscal

[lukethedrifter]

Pronunciationist

[cardsfantx]

i hadn't seen this thread bumped in a bit, so i thought our financial system was done crumbling?

[sighyoung]

Missouri Rep to Colleagues: Please Stop Saying 'Physical' Instead of 'Fiscal'

http://www.riverfronttimes.com/newsblog ... -of-fiscal

There's a 65% chance they all meant to say "fudgesicle."