Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-60304 Tue, 26 Jul 2016 17:44:29 GMT Miami Judge Throws Out Bitcoin Money Laundering Case http://implode-explode.com/viewnews/2016-07-26_MiamiJudgeThrowsOutBitcoinMoneyLaunderingCase.html iehi-feed-60277 Fri, 22 Jul 2016 17:27:48 GMT What Is Straw Buyer Fraud And Occupancy Fraud? http://implode-explode.com/viewnews/2016-07-22_WhatIsStrawBuyerFraudAndOccupancyFraud.html iehi-feed-60224 Fri, 15 Jul 2016 14:04:56 GMT Ohio Attorneys... Loan Modification RESPA-TILA Litigation Primer - July 28th & 29th | Mandelman Matters http://implode-explode.com/viewnews/2016-07-15_OhioAttorneysLoanModificationRESPATILALitigationPrimerJuly28th29.html iehi-feed-60211 Thu, 14 Jul 2016 13:58:36 GMT ACLU And NAACP Accuse City Of Detroit Of Ripping Off Homeowners http://implode-explode.com/viewnews/2016-07-14_ACLUAndNAACPAccuseCityOfDetroitOfRippingOffHomeowners.html iehi-feed-60202 Wed, 13 Jul 2016 12:40:48 GMT The Austrian Government To Seize Of Adolf Hitler Birthplace http://implode-explode.com/viewnews/2016-07-13_TheAustrianGovernmentToSeizeOfAdolfHitlerBirthplace.html iehi-feed-60199 Tue, 12 Jul 2016 20:08:48 GMT Bank of America Denies Existence of Alleged No Girls Club Or Bro's Club http://implode-explode.com/viewnews/2016-07-12_BankofAmericaDeniesExistenceofAllegedNoGirlsClubOrBrosClub.html iehi-feed-60192 Tue, 12 Jul 2016 02:37:19 GMT Miami Dolphins Owner Stephen Ross 90+ Days Delinquent On $150 Million Loan http://implode-explode.com/viewnews/2016-07-11_MiamiDolphinsOwnerStephenRoss90DaysDelinquentOn150MillionLoan.html iehi-feed-60149 Wed, 06 Jul 2016 19:15:42 GMT Chris Christie And His State Sanctioned Loan-Sharking Operation http://implode-explode.com/viewnews/2016-07-06_ChrisChristieAndHisStateSanctionedLoanSharkingOperation.html iehi-feed-60132 Sat, 02 Jul 2016 20:46:41 GMT Florida Pastor Convicted Of Mortgage Fraud http://implode-explode.com/viewnews/2016-07-02_FloridaPastorConvictedOfMortgageFraud.html iehi-feed-60131 Sat, 02 Jul 2016 20:44:06 GMT Mexican Singer Ana Bárbara Alleges Wells Fargo Stole $400K http://implode-explode.com/viewnews/2016-07-02_MexicanSingerAnaBrbaraAllegesWellsFargoStole400K.html iehi-feed-60039 Mon, 20 Jun 2016 17:12:46 GMT Suntrust Concedes $200K Principal Write Down To MFI-Miami Client http://implode-explode.com/viewnews/2016-06-20_SuntrustConcedes200KPrincipalWriteDownToMFIMiamiClient.html iehi-feed-60030 Sun, 19 Jun 2016 17:37:51 GMT Identity Theft Ring Foiled By TV Supergirl Laura Vandervoort http://implode-explode.com/viewnews/2016-06-19_IdentityTheftRingFoiledByTVSupergirlLauraVandervoort.html iehi-feed-59985 Sat, 11 Jun 2016 02:28:44 GMT Three Utah Based Telemarketing Firms Face $1 Trillion Dollar Fine http://implode-explode.com/viewnews/2016-06-10_ThreeUtahBasedTelemarketingFirmsFace1TrillionDollarFine.html iehi-feed-59963 Mon, 06 Jun 2016 18:57:20 GMT Is Donald Trump Channeling His Old Bromance With Roy Cohn? http://implode-explode.com/viewnews/2016-06-06_IsDonaldTrumpChannelingHisOldBromanceWithRoyCohn.html iehi-feed-59957 Mon, 06 Jun 2016 04:44:12 GMT The Trump University Scam Is A Source Of Extreme Pain For Trump http://implode-explode.com/viewnews/2016-06-06_TheTrumpUniversityScamIsASourceOfExtremePainForTrump.html iehi-feed-59955 Sun, 05 Jun 2016 19:13:24 GMT Swiss reject free income plan after worker vs robot debate http://implode-explode.com/viewnews/2016-06-05_Swissrejectfreeincomeplanafterworkervsrobotdebate.html Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation.

Supporters had said introducing a monthly income of 2,500 Swiss francs ($2,563) per adult and 625 francs per child under 18 no matter how much they work would promote human dignity and public service. Opponents, including the government, said it would cost too much and weaken the economy.

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iehi-feed-59940 Fri, 03 Jun 2016 03:50:24 GMT BofA Banker Fired After Epic Racist Facebook Rant http://implode-explode.com/viewnews/2016-06-02_BofABankerFiredAfterEpicRacistFacebookRant.html iehi-feed-59864 Tue, 24 May 2016 13:08:41 GMT MFI-Miami Attorney Gets Miami Judge To Toss Student Loan Debt http://implode-explode.com/viewnews/2016-05-24_MFIMiamiAttorneyGetsMiamiJudgeToTossStudentLoanDebt.html iehi-feed-59684 Mon, 02 May 2016 15:08:47 GMT Schwab Ditching Money Markets For Fed Drip-line Proves U.S. Under Effective NIRP http://implode-explode.com/viewnews/2016-05-02_SchwabDitchingMoneyMarketsForFedDriplineProvesUSUnderEffectiveNI.html Bye-bye money market:

``... between June and October 2016, Schwab will update the cash feature on your account(s) from the current retail prime or municipal money market fund sweep to the Schwab Government Money Fund" or the SWGXX, which "will invest at least 99.5% of its total assets in cash, U.S. government securities and/or repurchase agreements that are collateralized fully by cash and/or U.S. government securities; under normal circumstances, at least 80% of the fund's net assets will be invested solely in U.S. government securities including repurchase agreements. "

Talk about proof positive that the Fed didn't truly RAISE rates (tighten conditions) when it went to .25% -- it LOOSENED CONDITIONS by creating new repos where it was PAYING extra money into the financial system at the new rate... and now Schwab has abandoned ship from the private money market in favor of the Fed's new money-drip.

This dovetails with the point made in the comments at the bottom of this post -- namely that this sort of "NIRP structure", once put in place by a central bank, cannibalizes the private financial market and suffocates the economy, thus "incentivizing" central banks to do more of the same. Even though the Fed isn't "officially" at negative rates (because a few bucks occasionally change hands in the other direction in the rump-Fed funds market), it's structuring the money flows in and out of itself like any negative rate central bank... i.e. it is cannibalizing the normally-functioning financial system in a way that feeds on itself...

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iehi-feed-59649 Wed, 27 Apr 2016 21:40:40 GMT Why Sam Zell ("The Grave Dancer") Is Cashing Out http://implode-explode.com/viewnews/2016-04-27_WhySamZellTheGraveDancerIsCashingOut.html