Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55325 Fri, 31 Oct 2014 18:12:24 GMT Prosecutors Suspect Repeat Offenses on Wall Street (+MAY DO SOMETHING ABOUT IT(!)) http://implode-explode.com/viewnews/2014-10-31_ProsecutorsSuspectRepeatOffensesonWallStreetMAYDOSOMETHINGABOUTI.html It would be the Wall Street equivalent of a parole violation: Just two years after avoiding prosecution for a variety of crimes, some of the world's biggest banks are suspected of having broken their promises to behave.

A mixture of new issues and lingering problems could violate earlier settlements that imposed new practices and fines on the banks but stopped short of criminal charges, according to lawyers briefed on the cases. Prosecutors are exploring whether to strengthen the earlier deals, the lawyers said, or scrap them altogether and force the banks to plead guilty to a crime.

... prosecutors are also threatening to tear up deals with banks like Barclays and UBS that were accused of manipulating interest rates, pointing to evidence that the same banks also manipulated foreign currencies, a violation of the interest rate settlements. The prosecutors and banks have agreed to extend probationary periods that would have otherwise expired this year.

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iehi-feed-55324 Fri, 31 Oct 2014 18:09:19 GMT Russia and Ukraine Reach Gas Deal http://implode-explode.com/viewnews/2014-10-31_RussiaandUkraineReachGasDeal.html iehi-feed-55322 Fri, 31 Oct 2014 17:49:11 GMT Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required http://implode-explode.com/viewnews/2014-10-31_LawLetsIRSSeizeAccountsonSuspicionNoCrimeRequired.html For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away -- until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.

The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes -- in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.

"How can this happen?" Ms. Hinders said in a recent interview. "Who takes your money before they prove that you've done anything wrong with it?"

The federal government does.

Using a law designed to catch drug traffickers, racketeers and terrorists by tracking their cash, the government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes. The government can take the money without ever filing a criminal complaint, and the owners are left to prove they are innocent. Many give up.

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iehi-feed-55318 Thu, 30 Oct 2014 19:59:46 GMT US Shrimp Supply Now 30% Fraudulent, as FDA Pays $3000 To Test Each Sample http://implode-explode.com/viewnews/2014-10-30_USShrimpSupplyNow30FraudulentasFDAPays3000ToTestEachSample.html iehi-feed-55316 Thu, 30 Oct 2014 18:19:37 GMT Why Did Q3 GDP Jump? (Terror Dividend, Courtesy of ISIS) http://implode-explode.com/viewnews/2014-10-30_WhyDidQ3GDPJumpTerrorDividendCourtesyofISIS.html iehi-feed-55312 Thu, 30 Oct 2014 00:36:48 GMT Detroit developer bids on 6,300 foreclosed properties in auction http://implode-explode.com/viewnews/2014-10-29_Detroitdeveloperbidson6300foreclosedpropertiesinauction.html iehi-feed-55310 Thu, 30 Oct 2014 00:32:32 GMT Alan Greenspan: QE Failed To Help The Economy (Which is "Dead in the Water"); P.S. - Buy Gold... http://implode-explode.com/viewnews/2014-10-29_AlanGreenspanQEFailedToHelpTheEconomyWhichisDeadintheWaterPSBuyG.html iehi-feed-55309 Wed, 29 Oct 2014 21:39:09 GMT Fed ignores October downturn (TRIES QE ENDING BLUFF) http://implode-explode.com/viewnews/2014-10-29_FedignoresOctoberdownturnTRIESQEENDINGBLUFF.html iehi-feed-55305 Wed, 29 Oct 2014 15:04:34 GMT Treasury Liquidity Squeezed as Dealers Shut Off Machines http://implode-explode.com/viewnews/2014-10-29_TreasuryLiquiditySqueezedasDealersShutOffMachines.html iehi-feed-55304 Wed, 29 Oct 2014 15:01:41 GMT How China & Gold Will Shape The Future - Willem Middlekoop http://implode-explode.com/viewnews/2014-10-29_HowChinaGoldWillShapeTheFutureWillemMiddlekoop.html iehi-feed-55297 Wed, 29 Oct 2014 12:16:50 GMT Fed Will Likely Signal No Rate Hike Anytime Soon http://implode-explode.com/viewnews/2014-10-29_FedWillLikelySignalNoRateHikeAnytimeSoon.html iehi-feed-55295 Tue, 28 Oct 2014 20:37:00 GMT The ECB isn't really printing and the Fed isn't really stopping | Radio Free Wall Street http://implode-explode.com/viewnews/2014-10-28_TheECBisntreallyprintingandtheFedisntreallystoppingRadioFreeWall.html iehi-feed-55293 Tue, 28 Oct 2014 19:49:37 GMT 13 Europe Banks Flunk Test, Must Find 10B Euros http://implode-explode.com/viewnews/2014-10-28_13EuropeBanksFlunkTestMustFind10BEuros.html iehi-feed-55291 Sat, 25 Oct 2014 17:00:03 GMT Chris Powell: The crucial questions financial journalism won't ask and central banks won't answer http://implode-explode.com/viewnews/2014-10-25_ChrisPowellThecrucialquestionsfinancialjournalismwontaskandcentr.html iehi-feed-55288 Sat, 25 Oct 2014 14:08:01 GMT One-Fifth of Detroit's Population Could Lose Their Homes http://implode-explode.com/viewnews/2014-10-25_OneFifthofDetroitsPopulationCouldLoseTheirHomes.html iehi-feed-55287 Sat, 25 Oct 2014 01:49:54 GMT Fed's $4 Trillion Holdings to Boost Growth Beyond End of QE http://implode-explode.com/viewnews/2014-10-24_Feds4TrillionHoldingstoBoostGrowthBeyondEndofQE.html iehi-feed-55282 Fri, 24 Oct 2014 14:09:17 GMT Could France sell the Mona Lisa to pay off its debts? http://implode-explode.com/viewnews/2014-10-24_CouldFranceselltheMonaLisatopayoffitsdebts.html iehi-feed-55281 Fri, 24 Oct 2014 14:07:05 GMT Interest rates could stay low permanently, says Bank of England deputy governor http://implode-explode.com/viewnews/2014-10-24_InterestratescouldstaylowpermanentlysaysBankofEnglanddeputygover.html iehi-feed-55280 Thu, 23 Oct 2014 20:34:22 GMT SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending | Mandelman Matters http://implode-explode.com/viewnews/2014-10-23_SAYWATTFannieFreddieEncouragesSubPrimeLendingMandelmanMatters.html iehi-feed-55279 Thu, 23 Oct 2014 19:51:24 GMT It will soon get easier to buy a home -- but don't do it http://implode-explode.com/viewnews/2014-10-23_Itwillsoongeteasiertobuyahomebutdontdoit.html