• Tag Archives DOJ
  • PETITION TO DECLARE GEORGE SOROS A TERRORIST GETS ENOUGH SIGNATURES FOR WH RESPONSE

    A petition to declare socialist billionaire George Soros a terrorist has garnered enough signatures to get an official response from the White House. The petition, which needed only 100,000 signatures by September 19, had almost 137,000 signatures as of Tuesday morning.
    The White House.gov petition created by ‘E. B.’ states that Soros assets should be seized by the government as per RICO and NDAA laws.
    Whereas George Soros has willfully and on an ongoing basis attempted to destabilize and otherwise commit acts of sedition against the United States and its citizens, has created and funded dozens (and probably hundreds) of discrete organizations whose sole purpose is to apply Alinsky model terrorist tactics to facilitate the collapse of the systems and Constitutional government of the United State, and has developed unhealthy and undue influence over the entire Democrat Party and a large portion of the US Federal government, the DOJ should immediately declare George Soros and all of his organizations and staff members to be domestic terrorists, and have all of his personal an organizational wealth and assets seized under Civil Asset Forfeiture law. -WhiteHouse.gov petition
    Soros donated millions of dollars to Hillary Clinton’s failed presidential campaign and he’s been known to be the main financier behind violent uprisings of leftist groups in the recent past. And this isn’t the first petition created by citizens asking for Soros to be punished by the government for his continued financial support of the government.

    This post was published at The Daily Sheeple on SEPTEMBER 5, 2017.


  • Deutsche Bank Faces DOJ Subpoena Over Trump-Russia Probe

    Deutsche’s relationship with Trump and questions about hundreds of millions in loans have dogged the German bank and the White House for months, abd now, ‘according to sources’ reported by The Guardian, Robert Mueller’s team and Trump’s bankers have established informal contacts and formal requests for information are forthcoming.
    According to an analysis by Bloomberg, Trump now owes Deutsche, his biggest creditor, around $300m. He has four large mortgages, all issued by Deutsche’s private bank. The loans are guaranteed against the president’s properties: a new deluxe hotel in Washington DC’s old post office building, just around the corner from the White House; his Chicago tower hotel; and the Trump National Doral Miami resort.

    This post was published at Zero Hedge on Jul 20, 2017.


  • DOJ Moves To Seize DiCaprio’s Picasso, Rights To “Dumb and Dumber To” As Part Of 1MDB Case

    As part of the ongoing money-laundering probe of Malaysia’s sovereign wealth fund, 1MDB, which is perhaps best known for Goldman’s enabling and participation in what may end up being one of the world’s biggest, multi-billion, cross-border embezzlement schemes, on Thursday the DOJ moved to seize a Picasso and Basquiat paintings given to Leonardo DiCaprio, as well as rights to two Hollywood comedies, in complaints filed to recover about $540 million they say was “stolen” from 1MDB (with Goldman’s help).
    The DOJ filing was the latest in a long series of legal actions tied to money laundering at the fund set up by Malaysian Prime Minister Najib Razak in 2009 – who still remains in power – to promote economic development. In the complaint filed overnight, the department alleged that more than $4.5 billion was taken from 1MDB by high-level fund officials and their associates. Fraud allegations against 1MDB go back to 2009 and the fund is subject to money laundering investigations in at least six countries, including Switzerland and Singapore.
    “This money financed the lavish lifestyles of the alleged co-conspirators at the expense and detriment of the Malaysian people,” Kenneth Blanco, acting assistant AG said in a statement. The name of Goldman Sachs, which participated and directly profited from many of the 1MDB transactions, was oddly missing from today’s filing.
    Najib has denied taking money from 1MDB or any other entity for personal gain, after it was reported that investigators traced nearly $700 million to bank accounts that were allegedly in his name.
    And while we won’t hold our breath to learn why Goldman’s involvement was mysteriously dropped, Reuters reported that Leonardo DiCaprio has turned over an Oscar won by Marlon Brando to U. S. investigators probing the 1MDB money laundering. DiCaprio also initiated the return of other, unidentified items that the actor said he accepted as gifts for a charity auction and which originated from people connected to the 1MDB wealth fund, they said in a statement.

    This post was published at Zero Hedge on Jun 15, 2017.


  • There Is One Big Problem With The Trump Budget

    On Tuesday, the White House revealed its proposed 2018 budget, which as discussed earlier, anticipates some draconian cuts to government spending amounting to a massive $3.6 trillion over the next 10 years. Broken down by department, this is who wins and loses:
    DHS +7% VA +6% Def +5% DOJ -4% Ener -6% Int -11% HUD -13% Trans -13% Ed -14% HHS -16% Labor -20% Ag -21% State -29% EPA -31%

    This post was published at Zero Hedge on May 23, 2017.


  • DOJ Probing Goldman For Rigging Treasury Auctions

    While we doubt anything material will emerge for various obvious reasons, the NY Post reports that the DOJ is probing Goldman Sachs for alleged Treasury auction rigging: the charge is that Goldman, one of the 23 US primary dealers, won almost all Treasury bond auctions from 2007 to about 2011 even after the Treasury department established safeguards to maintain competitiveness. The case is said to center on chats and emails showing Goldman traders sharing price information with traders at other banks:
    Chats and emails believed to show Goldman traders sharing sensitive price information with traders at other banks are at the center of the case, according to sources familiar with the investigation.
    ‘They didn’t lose many bids,’ one person who has seen the bid data told The Post. The prices Goldman offered for Treasury bonds ‘would be very close’ but just above offers from other banks, and typically arrived ‘at the end of the auction.’
    While not the first time we have had news of a DOJ probe into Treasury market rigging – the Post itself reported last March virtually the same story, namely that “Goldman Sachs probed in alleged Treasury rigging“, and prior that in June of 2015 – the details are new, and suggest that collusion between the banks reaches far beyond merely FX. Also notable is the deference to Goldman by other banks, raising questions what was the quid pro quo. The timing is also notable, coming at a time when at least half a dozen Goldman Sachs alumni are in high levels of the executive branch. Which is perhaps why Goldman feels compelled to clarify that “No one has accused any bank, or Mnuchin or Cohn, of any wrongdoing.”

    This post was published at Zero Hedge on May 3, 2017.


  • Hayes: “A Lot Of What I Know Even The DOJ Is In The Dark’

    An exclusive excerpt from the hot new financial and legal thriller “The Spider Network” by David Enrich
    The small ski resort town, nestled in the mountains outside the city of Karuizawa, was a popular destination for day trips for Japanese families. Bustling during the day, it was mostly quiet this Saturday night. Clouds cloaked the moon.
    A chartered bus pulled up outside a bar, its windows aglow. A light snow was falling. Out into the peaceful evening stumbled dozens of rowdy bankers, some toting tall cans of Asahi and Kirin. Most of them were drunk. They quickly took over the small bar.
    The drinkers were employees of the American bank Citigroup, one of the world’s largest and most troubled financial institutions. A year earlier, at the beginning of 2009, American taxpayers had finished pumping a staggering $45 billion into Citigroup to bail out the collapsing behemoth. Now the transfused recipient was treating dozens of its investment banking employees to a weekend getaway. The bankers were housed nearby in a sprawling luxury hotel, each employee’s room designed in Japan’s typical spare style.

    This post was published at Zero Hedge on Mar 25, 2017.


  • Time To Bounce

    Not the best week for stocks but the bull market remains intact and a little refresh is great.
    Banks and biotech are acting fine along with many other sectors, with a nod to the miners late in the week.
    Metals showed weakness this past week as we expected, but late in the week I noticed some miners showing bounces off support areas.
    Mining stocks nearly always lead the metals and they are telling me metals area ready to bounce, at the very least.
    Gold lost 2.05% this past week and is now below the 4 moving averages.
    That is terrible news, that said, unless we remain under the 100 and 50 day moving averages at $1,212 for a few days, it’s not a big deal.
    As I mentioned, miners showed some strength and Friday did print a Doji bar which will be confirmed with a higher close Monday.

    This post was published at GoldSeek on 12 March 2017.


  • Stocks and Precious Metals Charts – No Breakouts or Breakdowns Yet

    After the bell the Trump Administration’s DOJ rescinded the ban on the use of private prisons for Federal prisoners. Progress!
    Perhaps they can explore the use of private workhouses and poorhouses for those who will continue to become impoverished by policies that favor a redistribution of the wealth to the top few percent.
    Oh wait, they already have those. It is called working for below poverty wages while having to compete with near slave labor working in deplorable conditions in authoritarian and plutocratic regimes.
    Stocks were weak to sideways today. Unless something happens to trigger selling, I suspect we will see the major market indices hanging in there until at least the SNAP IPO comes out in early March.

    This post was published at Jesses Crossroads Cafe on 23 FEBRUARY 2017.


  • The Economic Crisis Is Going To Be Alot Worse Than Originally Thought – Episode 1199a

    The following video was published by X22Report on Feb 8, 2017
    Greece is testing the waters and is now planning to move back to its local currency. Australia debt has risen and it looks like it is time to panic. The central bankers are now preparing the narrative that the economy was fine until Trump came along. BCBG is now closing 120 stores. Corporate debt will be approaching 2 trillion. DOJ will be going after individuals in the mortgage back security scam. Larry Fink says the US has two major problems. Tulsi Gabbard wants to bring back Glass-Steagall. The economic crisis is alot worse than originally thought, prepare and get ready.


  • DOJ Launches Probe Of Individuals Who Worked In Deutsche Bank’s Mortgage Unit

    Deutsche Bank employees who were engaged in the actual trades that ended up costing the bank a $7.2 billion settlement at the end of 2016, and who were hoping to quietly get away without criminal or civil charges, are set for disappointment because as IFR reports the DOJ is probing for potential fraud by individuals who worked in Deutsche Bank’s mortgage unit in the run-up to the financial crisis.
    According to IFR’s sources, “the investigation of former Deutsche staffers is a push to hold individuals accountable for their role in the housing crisis.” The probe follows Deutsche’s multi-billion settlement in December with the DOJ over toxic residential mortgage securities sold between 2006 and 2007. Observers were surprised when no individuals who worked at Deutsche were named in the settlement, leaving shareholders footing the bill.

    This post was published at Zero Hedge on Feb 8, 2017.


  • Deutsche Bank’s Top “Crime Fighter” Quits After Only Six Months At The Job

    It will probably not come as a big surprise that the head of Deutsche Bank’s global anti-financial crime unit, a post also known as the bank’s top “crime fighter”, plans to leave that position after just six months at the bank, and will be replaced as soon as next week, Germany’s Manager Magazin first reported.
    Peter Hazlewood, who joined Deutsche Bank to oversee anticrime compliance as recently as July 2016, could stay at the German lender in a different position, but that hasn’t been determined, the WSJ reports.
    Considering the ongoing barrage of civil and criminal accusations lobbed relentless at the German lender, which over the past few years has been accused of manipulating and rigging virtually every market, culminating with the recent RMBS settlements with the DOJ which briefly sent its stock price to all time lows amid concerns of bank failure in late 2016, it is perhaps more surprising that he lasted as long as he did.

    This post was published at Zero Hedge on Jan 4, 2017.


  • DEC 23:GOLD UP/SILVER DOWN/GOLD PREMIUMS AROUND $30.00 SHANGHAI GOLD VS NY PRICING/MONTE DEI PASCHI NATIONALIZED: BAIL IN ON BONDHOLDERS, MUST WAIT FOR OTHER BANKS IF THEY NEED RECAP./DEUTSCHE BA…

    Gold at (1:30 am est) $1131.90 UP $3.10
    silver at $15.70: DOWN 12 cents
    Access market prices:
    Gold: $1134.00
    Silver: $15.76
    THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON
    .
    The Shanghai fix is at 10:15 pm est last night and 2:15 am est early this morning
    The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)
    Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.
    And now the fix recordings:
    FRIDAY gold fix Shanghai Shanghai morning fix Dec 23 (10:15 pm est last night): $ 1161.13
    NY ACCESS PRICE: $1131.10 (AT THE EXACT SAME TIME)/premium $30.03

    This post was published at Harvey Organ Blog on December 23, 2016.


  • Deutsche Bank Shares Stumble As DoJ Settlement Looms

    Deutsche Bank shares are sliding this morning after headlines from CNBC reporting a settlement is close with the US Justice Department over mortgage fraud. With analyst expectations/hopes in the $2 to $5 billion range (against the initial $14 billion fine), reports say the bank is set to pay “less than $14 billion” which has perhaps spooked investors with its uncertainty.
    As Bloomberg reports, Deutsche Bank will pay “far less” than the initial $14b settlement sought by the U. S. DOJ to resolve litigation over residential mortgage-backed securities, Reuters says, citing a person familiar with the matter. The source says there is a “good chance” the matter will be resolved this week, possibly as early as Wednesday. However, the deal is not finalized yet, and resolution could still be delayed.
    And for now the stock is fading…

    This post was published at Zero Hedge on Dec 19, 2016.


  • Deutsche Bank Reports Unexpected Q3 Profit, But Wall Street Yawns Asking For More

    After serving much drama to its shareholders – and global markets – over the past couple of months, when its stock tumbled to all time lows following the news of the bank’s $14 billion DOJ settlement ask, Deutsche Bank provided some relief when earlier this morning it reported a modest, unexpected profit of 256 million for the third quarter on lower litigation and restructuring costs, beating consensus estimates of a 394 million loss, and a far better number than the 6 billion loss reported one year ago. Revenues were also a modest improvement to consensus expectations of 7.19BN, coming in at 7.49BN as a result of a 14% jump in fixed income trading revenues.
    The bank’s closely watched core tier one capital ratio rose from 10.8% at the end of June to 11.1% at the end of September, as Deutsche cut its risk-weighted assets by 18bn to 385bn. CFO Marcus Schenck said that the ratio would get a further boost of 40 to 50 basis points once the sale of its stake in Chinese lender Hua Xia was completed.
    CEO John Cryan repeated that Deutsche was making ‘good progress’ on its restructuring, but admitted that results had been ‘overshadowed’ by its negotiations with the DOJ. ‘This had an unsettling effect. The bank is working hard on achieving a resolution of this issue as soon as possible.”
    The failure to provide some additional guidance on the bank’s settlement process as well as on its recapitalization status is why the shares have undone the entire 3% gap higher, and were trading fractionally in the red. Raising a red flag, Deutsche Bank also said that it saw 9BN in outflows from its new business for private, wealth and commercial clients in the third quarter.

    This post was published at Zero Hedge on Oct 27, 2016.


  • Investors Have Pulled $8 Billion From Deutsche Bank’s ETF Unit

    Earlier this month, Deutsche Bank stock was shaken following a Bloomberg report that Deutsche Bank’s hedge fund clients had withdrawn billions in margin cash from the bank’s prime brokerage unit, adding a shade of liquidity concerns to the bank’s ongoing capitalization woes. It now appears that DB has continued to hemmorhage cash with the FT reporting that the German lender’s exchange traded fund unit has seen billions in outflows as Germany’s biggest lender considers whether to sell parts of its asset management business.
    Investors have pulled $8bn from Deutsche’s ETF arm so far this year. This is an unwelcome collapse after a strong performance in 2015 when the unit attracted positive inflows of $28bn, according to ETFGI, a London-based consultancy. DB’s clients have been heading for the exit after the bank was threatened with a $14bn claim by the DOJ.
    ‘The noise around Deutsche Bank has clearly not helped its ETF business,’ said a senior executive from a rival asset manager who did not wish to be named.
    As the FT adds, Deutsche has put aside 5.5bn to cover potential litigation costs but the threat of a larger bill has forced it to consider selling a minority stake in its asset management arm, its best-performing division in recent years. However, efforts to raise fresh capital could be hindered by the outflows from the ETF unit, which is widely regarded as one of the crown jewels of Deutsche’s asset management operations.

    This post was published at Zero Hedge on Oct 26, 2016.


  • “Radical Changes To The Business Model” – Deutsche Bank Forced To Shrink US Operations As Part Of DOJ Settlement

    Back in 2008, when the business cycle was sharply turning, leading to a dramatic shortage of business for the major US investment banks which in the preceding years had gone on a hiring spree, one solution was to “shutter” one or more key competitors. This, according to some, was the underlying motive behind the elimination of the “outsider” banks, first Bear Stearns and then fixed income giant Lehman Brothers. Of course, their failure unleashed a series of unprecedented events (or as some have also dubbed them, “fringe taxpayer funded benefits”) for the banking sector, which involved a highly unpopular multi-trillion bailout, and as a result the elimination of competitors – even with the government’s blessing – is now generally frowned upon. However, merely crippling them, that’s another story.
    Being crippled is what may soon happen to Deutsche Bank, whose next chapter in its melodramatic saga will involve the bank exiting some if not most of its US operations. According to a report in German newspaper Welt am Sonntag, “Deutsche Bank may be forced to shrink its U. S. activities as part of the settlement deal with the DOJ.”
    Die Welt, sourcing unidentified people in the banking industry, said that radical changes to the business model are typical requirements in settlement arrangements with the U. S. government. Deutsche Bank ‘must clarify one or two things’ before an agreement can be struck, the person said, cited by Bloomberg. Germany’s largest bank will probably give up part of its U. S. investment banking business, the newspaper cited unidentified people in the banking industry as saying. As Reuters adds, while abandoning the United States, its most important market, altogether was very likely out of the question for the bank, it could consider scaling down its activities, so as to focus more on the needs of German corporate clients overseas.

    This post was published at Zero Hedge on Oct 15, 2016.


  • The Turnkey Tyranny Game Plan

    ‘Hence we may learn the lesson that on seizing a state, the usurper should make haste to inflict what injuries he must, at a stroke, that he may not have to renew them daily but be enabled by their discontinuance to reassure men’s minds, and afterward win them over by benefits…. Injuries, therefore, should be inflicted all at once, that their ill savor being less lasting may the less offend; whereas, benefits should be conferred little by little, that so they may be more fully relished.
    – Niccol Machiavelli, The Prince, Book VIII
    Everything is in place. Do you see anything missing?
    Edward Snowden revealed that the NSA collects everything on everyone. Thomas Drake, the former NSA senior official who blew the whistle from inside the organization, proved that it would have been cheaper and more useful to keep only information on suspected terrorists – but Cheney and Obama wanted it all.
    And they got it. Snowden’s in exile and Drake, harassed by the DoJ for four years, lost his job and is now a genius at an Apple Store in Maryland.
    So the fix was in. All that was left was the implementation.
    Why are the most advertised Gold and Silver coins NOT the best way to invest?
    And that was easy. Propelled by fear of Islamic terrorism, a complacent Republican Congress ignored widespread anger and hostility towards the Thought Police after Snowden’s revelation. In order to intensify that fear, Obama has allowed thousands of unscreened Moslems into the country, including an unknown number of covert Jihadist wannabes. In response, fearful Americans will be stampeded into subjection (‘security’) rather than liberty. After all, terrorists cause chaos and tyranny flourishes amid chaos. ‘Never let a crisis go to waste,’ wrote a twenty-first century minor Machiavelli.

    This post was published at Lew Rockwell on October 11, 2016.


  • Deutsche Bank CEO Returns Home Empty-Handed After Failing To Reach ‘Deal’ With DOJ: Bild

    Following the seemingly endless procession of short-squeeze-fueling trial balloons last week – fromsettlement rumors to German blue-chip bailouts to Qatari investors – Germany’s Bild newspaper confirms the rumors that sparked weakness on Friday: Deutsche bank CEO John Cryan has failed to reach an agreement with the US Justice Department.

    This post was published at Zero Hedge on Oct 9, 2016.


  • Deutsche Bank Explores Capital-Raising Options, “All Unattractive”

    Despite proclamations from various officials, business leaders, and mainstream media pundits that Deutsche Bank’s demise was: a) driven by speculators, b) not driven by any need for liquidity, because c) the bank has plenty of capital… it doesn’t. As Bloomberg reports, no matter how much the DoJ fine is watered-down (don’t expect much), the most systemically dangerous bank in the world is holding informal talks with securities firms to explore options including raising capital; but while the lender has several options, as one analyst noted rather awkwardly, “they’re all unattractive.”
    After three straight days up – soaring 25% off last Friday’s lows, thanks to a disproven rumor of a pending settlement with the DoJ – Deutsche Bank closed down 4% from its opening highs today, beginning the slow path to catch down to CDS-implied pain…

    This post was published at Zero Hedge on Oct 7, 2016.