Stifel Nicholas is getting hit with another $30 million complaint. A massive hedge fund is staring down IRS enforcement that could be retroactive. And the common thread in every single one of these disasters is the same: someone promised returns that defied all logic, and people believed them because the pitch sounded sophisticated.
A data center company offered Pennsylvania residents $10,000 each to approve a massive industrial campus next door, and the township said no. Good, because that offer was designed to take far more than it gave.
For fifteen years, the financial industry told retirees to accept 1% and 2% yields and be grateful. Now that rates are back near 4%, those same money managers want a pat on the back for rediscovering the 60/40 portfolio. I am not impressed.
A defense contractor. A super PAC. A shell company. And $32 million in Navy contracts delivered right on schedule. This is not a conspiracy theory. There’s a paper trail, a grand jury indictment, and a system that just keeps running.
The Stop Insider Trading Act was never meant to pass. Both parties made sure of that, and they used one of the oldest tricks in Washington to get away with it. I am going to show you exactly how the con works.
The most important Treasury Department hire in years landed with a whisper, and that silence was not an accident. When Judy Shelton walks into a room, the people who profit from inflation get very uncomfortable.
These Wall Street analysts keep changing their ‘base case’ on live television and the media treats it like serious financial guidance. I’m done being polite about this. It’s a con.
The Fed, the mainstream press, and Wall Street have a long track record of getting it wrong on interest rates and they want you to just trust them anyway. I say no.
Private equity bought up your hospitals and your doctor’s office, Obamacare blew up whatever was left, and now you can’t even get someone to answer the phone when your 86-year-old mother-in-law is sick. Welcome to American healthcare in 2024.
Ameriprise is handing advisors a $1,000 check to offload their smaller clients into a rebranded call center, and they have the nerve to pitch it as a service upgrade. I have been calling out this exact scam since 2000.