Posts Tagged ‘leaks’

Wikileaks: It Could Take Down a Bank Or Two

Courtesy of Karl Denninger, The Market Ticker

Pic credit: William Banzai7′s Bankster Doomsday Kit 

Oh oh… now we know why everyone’s calling for the government to try to arrest Assange:

So do you have very high impact corporate stuff to release then?

Yes, but maybe not as high impact…I mean, it could take down a bank or two.

Will we?

Yes. We have one related to a bank coming up, that’s a megaleak. It’s not as big a scale as the Iraq material, but it’s either tens or hundreds of thousands of documents depending on how you define it.

Is it a U.S. bank?

Yes, it’s a U.S. bank.

One that still exists?

Yes, a big U.S. bank.

The biggest U.S. bank?

No comment.

When will it happen?

Early next year. I won’t say more.

What do you want to be the result of this release?

[Pauses] I’m not sure.

It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume. Usually when you get leaks at this level, it’s about one particular case or one particular violation.

For this, there’s only one similar example. It’s like the Enron emails. Why were these so valuable? When Enron collapsed, through court processes, thousands and thousands of emails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.

This will be like that. Yes, there will be some flagrant violations, unethical practices that will be revealed, but it will also be all the supporting decision-making structures and the internal executive ethos that cames out, and that’s tremendously valuable. Like the Iraq War Logs, yes there were mass casualty incidents that were very newsworthy, but the great value is seeing the full spectrum of the war.

You could call it the ecosystem of corruption. But it’s also all the regular decision making that turns a blind eye to and supports unethical practices: the oversight that’s not done, the priorities of executives, how they think they’re fulfilling their own self-interest. The way they talk about it.

If you were wondering why there’s a sudden desire to shut these guys down, after they "leaked" all sorts of information…
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Potential Second Spill Found Near BP Blown Out Oil Well, BP Evaluates Potential Break Up Opportunities

Potential Second Spill Found Near BP Blown Out Oil Well, As BP Evaluates Potential Break Up Opportunities

Courtesy of Tyler Durden

GRAND ISLE, LA - JULY 17: People sport fish off a pier at dusk July 17, 2010 in Grand Isle, Louisiana. Louisiana has reopened most of the waters of the Gulf of Mexico to recreational fishing. The cap sealing the BP oil well in the Gulf of Mexico has remained sealed in the testing period offering a glimmer of hope in the disaster. (Photo by Mario Tama/Getty Images)

In case you missed George Wahsington’s update, here it is straight from the AP horse‘s mouth. And, if this story is true, we can only hope one is not long BP stock or short the CDS.

NEW ORLEANS — A federal official says scientists are concerned about a seep and possible methane near BP’s busted oil well in the Gulf of Mexico

Both could be signs there are leaks in the well that’s been capped off for three days.

The official spoke to The Associated Press on condition of anonymity Sunday because an announcement about the next steps had not been made yet.

The official is familiar with the spill oversight but would not clarify what is seeping near the well. The official says BP is not complying with the government’s demand for more monitoring.

And if that wasn’t enough, some more bad news from Sunday Times, via Reuters:

Under-fire oil company BP Plc (BP.L) has started canvassing shareholders about a restructuring in the wake of its Gulf of Mexico oil spill which could include a break up of the business, the Sunday Times reported.

The newspaper, citing unnamed BP insiders, said options included selling the group’s refineries and petrol stations, scaling back its U.S. operations and ramping-up in-house engineering instead of outsourcing.

These are on top of the sale of about 10 percent of its assets, including its stake in the giant Prudhoe Bay field in Alaska, the Sunday Times added.

A BP spokesman said it did not comment on rumour and speculation.


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Phil's Favorites

A year of Trump: how his incendiary style took the place of substance

 

A year of Trump: how his incendiary style took the place of substance

Courtesy of Clodagh Harrington, De Montfort University

Anyone looking for a visual representation of Donald Trump’s first year in office need only behold Time magazine’s cover marking the anniversary. Composed by artist Edel Rodriguez, it depicts Trump as a furious, bellowing mouth, his notorious hair rendered in livid flames.

For a year of poisonous rhetoric backed up with few substantial achievements, it could scarcely be more apt. Without even a glance at a policy checklist, the most casual observer knows that Trump has torn up the presidential rule book and set the shreds on fire.

Year One. My new cover for TIME magazine, on newsstands today....



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ValueWalk

Creating Bloomberg

By Akhlaqahmed9941. Originally published at ValueWalk.

An interview with billionaire founder of Bloomberg and previous Mayor of New York, Michael Bloomberg. In this interview, Michael discusses creating Bloomberg and how he made it successful. Michael also talks about New York more generally and surviving economic downturns.

]]> Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

stevepb / Pixabay

Video Segments: 0:00

Introduction ...



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Zero Hedge

Measuring The Equity Bubble - "You Are Here"

 

Measuring The Equity Bubble - "You Are Here"

Courtesy of Zero Hedge

Submitted by Francesco Filia via Fasanara Capital,

On best revisions for GDP and earnings in 2018 after Tax reform, the S&P is now less expensive than before, at just 57% above historical average...

...



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Insider Scoop

Wall Street Previews Netflix's Q4 Earnings: Rising Subscriber Numbers Drive Bullish Projections

Courtesy of Benzinga.

Related NFLX Needham's Laura Martin: Amazon Prime Price Increase Won't Affect Netflix, Roku Upcoming Netflix Earnings:...

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Digital Currencies

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

 

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

Courtesy of Vitaliy Katsenelson, Contrarian Edge

If you invested in the markets circa 1999, it is hard to observe the Bitcoin mania and not experience the feeling that you’ve seen this movie before and know how it will end – in losses and tears. The internet was a great idea that convinced a lot of great minds to invest capital and energy into businesses that have transformed the world – Amazon, eBay, Cisco, PayPal … the list is very long (though in fairness the list of non-survivors is even longer – but they are not here to remind us of their nonexistence).

R...



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Chart School

Short Covering Driving Gains in Semiconductors and Nasdaq 100

Courtesy of Declan.

The Nasdaq 100 breakout cleared channel resistance, the fifth significant breakout in four months. All technicals are posting new near-term highs which also meant the short generated on the tag of the rising channel is negated.


The Semiconductor Index also enjoyed a substantial breakout as short covering drove traders out of their positions. Technicals see an improvement with a relative gain against the Nasdaq 100.

...

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Biotech

How Alzheimer's disease spreads throughout the brain - new study

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

How Alzheimer's disease spreads throughout the brain – new study

Courtesy of Thomas E CopeUniversity of Cambridge

Harmful tau protein spreads through networks. Author provided

Alzheimer’s disease is a devastating brain illness that affects an estimated 47m people worldwide. It is the most common cause of dementia in the Western world. Despite this, there are currently no treatments that are effective in curing Alzheimer’s disease or preventing its relentless progressio...



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Mapping The Market

Trump Admin Bans CDC From Using Words Like 'Science-Based,' 'Diversity'

By Jean-Luc

These are the policies of a theocracy, not a modern democracy:

Trump Admin Bans CDC From Using Words Like ‘Science-Based,’ ‘Diversity’

The Trump administration has prohibited the Centers for Disease Control and Prevention (CDC) from using words like “science-based,” “diversity,” and “transgender” in their official documents for next year’s budget, according to the Washington Post.

Senior CDC budget leader Alison Kelly met with the agency’s policy analysts on Thursday to announce ...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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