Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-53723 Wed, 16 Apr 2014 18:22:16 GMT Why Crony Capitalist Brats Make Me ILL - David Stockman During 2012 Levin's 14-person team of speculators apparently made a $2.0 billion profit on a short-term bet on about $7.5 billion of busted loans and bonds-- mainly the smoking remnants of sub-prime CDOs and private labor MBS. As head of the trading group, Leven's share was apparently the aforesaid $119 million, and this swell outcome was truly a gigs-to-riches story.

... in an honest two-way market, no one in their right mind would bet $7.5 billion on financial drek using high leverage and minimal hedges. And no 30-year old would be given leave to close his eyes and bet the ranch, as apparently Levin did, based on merely the "housing recovery" word clouds being emitted by the monetary politburo and its echo-boxes in the financial press.''

iehi-feed-53722 Wed, 16 Apr 2014 18:19:17 GMT Yellen: Fed's Rate Policy Hinges on 3 'Big Questions' iehi-feed-53721 Wed, 16 Apr 2014 18:16:46 GMT Haunted by soured mortgages, Bank of America loses $276 million iehi-feed-53720 Wed, 16 Apr 2014 18:12:42 GMT What the Heck is Going on With US Treasuries In Belgium? iehi-feed-53719 Wed, 16 Apr 2014 18:09:16 GMT The Best SEC [Retirement] Speech Ever iehi-feed-53718 Wed, 16 Apr 2014 17:57:21 GMT William Pfaff: Next Step in Ukraine Crisis Is Unknown iehi-feed-53717 Tue, 15 Apr 2014 17:44:54 GMT Tom Deutsch of the ASF on Eminent Domain & Loan Modifications -- A Mandelman Matters Podcast iehi-feed-53716 Tue, 15 Apr 2014 16:53:34 GMT "What's the Frequency Zenith?" - Grant Williams iehi-feed-53715 Tue, 15 Apr 2014 16:37:14 GMT Gold scarce, India`s silver jewellery exports double iehi-feed-53714 Tue, 15 Apr 2014 16:32:08 GMT Banking union dominates final EP session This WEEK iehi-feed-53713 Tue, 15 Apr 2014 16:30:05 GMT Europe's top banks cut 80,000 more staff in post-crisis overhaul iehi-feed-53712 Tue, 15 Apr 2014 16:21:02 GMT Tensions over money flows bode poorly for global economy iehi-feed-53711 Tue, 15 Apr 2014 16:20:02 GMT Lending Drops to 17-Year Low as Rates Curb Borrowing: Mortgages iehi-feed-53710 Tue, 15 Apr 2014 14:43:29 GMT Blowback: Protesters In Kiev Demand Resignation Of Ukraine President iehi-feed-53709 Tue, 15 Apr 2014 14:27:52 GMT Consumer Prices Rise as Americans Pay More for Food, Rents iehi-feed-53708 Tue, 15 Apr 2014 14:26:57 GMT Higher 2013 U.S. taxes surprise some investors, tax preparers say For some people, one result of not paying attention was under-withholding of taxes from their paychecks, especially among those who racked up big gains from stock options on the back of 2013's strong stock market.

Claudia Hill, an enrolled agent licensed tax preparer in Cupertino, California, said one of her clients, a married couple working for Google Inc, had to write a check for an additional $71,000 to the Internal Revenue Service....

The new Affordable Healthcare Act imposed a 3.8 percent tax on investment income for individuals earning $200,000 and households making $250,000. The ACA law also added new 0.9 percent tax on ordinary income for the same high earners.

iehi-feed-53707 Tue, 15 Apr 2014 14:25:50 GMT CME Group Named in High-Frequency Trading Suit iehi-feed-53706 Mon, 14 Apr 2014 14:20:29 GMT BLM Selling Out America (for Benefit of Foreign Creditors) - Fabian Calvo iehi-feed-53705 Mon, 14 Apr 2014 14:08:52 GMT Gold and bail-ins - Alasdair MacLeod iehi-feed-53704 Mon, 14 Apr 2014 14:06:58 GMT Eurasian Corridor Project: China to Invest $5Bln in Russia's Far East