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Article: SD cattle producer asks U.S. senators for ‘level playing field’ in testimony

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SD cattle producer asks U.S. senators for ‘level playing field’ in testimony

Carter Woodiel, 24 June 2021

STURGIS, S.D. (KBHB) – The Senate Ag Committee held a hearing Wednesday to discuss the issue of cattle market manipulation and anti-competitive practices by the meat packers.

South Dakota Senator John Thune was among those chairing the meeting and hearing input from witnesses – including Justin Tupper – cattle producer and manager of St Onge Livestock Auction.

Tupper testified there is a crisis in rural America. Continue reading “Article: SD cattle producer asks U.S. senators for ‘level playing field’ in testimony”

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Article: Dead Banker’s Aides Guilty Over Secret Credit Suisse Stash

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Dead Banker’s Aides Guilty Over Secret Credit Suisse Stash

Gaspard Sebag, 24 June 2021

Late M&A banker Jean-Marc Forneri’s Swiss lawyer and wealth manager were found guilty of helping him conceal assets and dodge taxes in a French crackdown on those who facilitate financial crime.

The Swiss lawyer, John Metzger, was given an 18-month suspended sentence and a fine of 300,000 euros ($359,000) by the Paris criminal court on Thursday and the wealth manager, Michel Glas, got a one-year suspended term and a 150,000 euro penalty. Continue reading “Article: Dead Banker’s Aides Guilty Over Secret Credit Suisse Stash”

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Article: TLC: THE LONG CON: The markets are frothing with liquidity. PART 1

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TLC: THE LONG CON: The markets are frothing with liquidity. PART 1
Reddit: u/con101smd, 22 June 2021

TLC: THE LONG CON:

The markets are frothing with liquidity.

How Wall St. conquered the wild west of crypto by laundering funds obtained from illegal naked short selling practices through stock market exchanges worldwide.
Mobile Edition & full PDF: https://docs.google.com/document/d/1fdZV5B6RtyVurxcVsXAOtWNn5NE8BZS1TPu24ZAzLkI/edit?usp=sharing

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Article: June 2021 Update: Attempted Coups, Corporate Media Gaslighting, and the Fight to #UNRIG

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June 2021 Update: Attempted Coups, Corporate Media Gaslighting, and the Fight to #UNRIG

PATRIOTS: Join retired CIA officer Robert David Steele in the fight to #UNRIG American elections and sever the corporate state’s unconstitutional deathgrip on American government.

We’re making headway, building crowds. Check out the #UNRIG schedule to find a stop near you – including an explosive July 4th stop at Mount Rushmore.

Continue reading “Article: June 2021 Update: Attempted Coups, Corporate Media Gaslighting, and the Fight to #UNRIG”

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Article: Tory Party Donor Accused of Hiding Emails In Qatar Fight

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Tory Party Donor Accused of Hiding Emails In Qatar Fight

Jonathan Browning and Gavin Finch, 23 June 2021

The Qatari government accused financier David Rowland and his son of “brazenly” hiding evidence as it sought to escalate its legal dispute with Banque Havilland over its alleged role in an economic attack on the country.

Lawyers for the Qataris said that U.K. Conservative Party backer David Rowland, who controlled the bank, and Edmund, who was a director at the firm, intended to conceal emails after questions arose about the private bank’s alleged role in leading a financial attack against Qatar in the fall of 2017. Continue reading “Article: Tory Party Donor Accused of Hiding Emails In Qatar Fight”

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Article: Reddit Hates Short Sellers, But the Stock Market Needs Them

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Reddit Hates Short Sellers, But the Stock Market Needs Them

Brandon Kochkodin, 23 June 2021

There’s something a little weird about short selling. Shorting—or betting that a stock’s price will fall—is a feature of finance that doesn’t have a close analogue in the real-world economy.

Buying a stock you like isn’t much different from purchasing a product that catches your eye. But if you’re walking through the local grocery store and see an item that sets your stomach turning—say, ketchup-flavored potato chips—you don’t stand in the aisle waving off other customers, telling them how bad it is. You don’t try to crush the bag. You just think, “Who in the world eats this … ” and go on your merry way without putting it in your cart. Continue reading “Article: Reddit Hates Short Sellers, But the Stock Market Needs Them”

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Article: Money laundering cop AUSTRAC to face grilling under new financial crime inquiry

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Money laundering cop AUSTRAC to face grilling under new financial crime inquiry

Charlotte Grieve, 23 June 2021

The financial intelligence watchdog and big four banks will be probed under a new parliamentary inquiry designed to measure the efficiency and adequacy of the Australia’s anti-money laundering regime.

The Senate approved a motion brought by Labor Senator Deborah O’Neill on Wednesday to launch a formal inquiry into the effectiveness of the laws, regulators and companies tasked with stamping out illicit fund flows. Continue reading “Article: Money laundering cop AUSTRAC to face grilling under new financial crime inquiry”

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Article: New NSCC Rule Change Poised to End the Short Squeeze Saga

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Image courtesy of 123rf.

New NSCC Rule Change Poised to End the Short Squeeze Saga

Tim Fries, 22 June 2021

On Wednesday, market makers, which are also DTCC clearing members, will have to tighten up their short-selling belts. Because their available capital will be contrasted more frequently with member deposits, their ability to maintain massive short positions is slated to be crippled.

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Article: Stunning Confessions of a Short Seller

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Stunning Confessions of a Short Seller
Michelle Celarier, 22 June 2021

Anonymous short activist Rota Fortunae profited from put options on Farmland Partners — and now admits the relevant report he authored was riddled with errors.

The proliferation of short activist research in recent years has raised red flags about some of the originality, accuracy, and depth of these works — especially when combined with put options that are timed to coincide with the publication of reports that might send the stocks into a tailspin.

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Article: Mauritanian Former President Aziz Is Jailed Amid Graft Probe

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Mauritanian Former President Aziz Is Jailed Amid Graft Probe

Oudaa Marouf, 22 June 2021

A judge investigating corruption allegations against former Mauritanian President Mohamed Ould Abdel Aziz ordered that he be jailed, an opposition party said as it called for his release.

The imprisonment is “illegal, irresponsible and non-democratic,” Ould Louleid, president of Ribat National, an opposition party Aziz joined in April to rebuild his political career, said Monday in the capital, Nouakchott. Continue reading “Article: Mauritanian Former President Aziz Is Jailed Amid Graft Probe”

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Article: How the GameStop Hustle Worked

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How the GameStop Hustle Worked

Lucy Komisar, 22 June 2021

I have written previously for the Prospect about the frenzy over GameStop (GME), the video game and electronics company. By now, you know the story. Millions of retail investors made the stock soar by over 1,000 percent in January 2021. This brought disaster upon a handful of hedge funds that had bet on GameStop’s stock to drop. According to Markets Insider, one analyst estimated losses in February of roughly $19 billion. The hedge fund Melvin Capital reportedly closed out its position after taking a drubbing of 51 percent. Another fund, Maplelane, lost 40 percent.

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Article: DEUTSCHE BANK RE-ENTERS PAYMENTS SPACE IN JOIN VENTURE WITH FISERV

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DEUTSCHE BANK RE-ENTERS PAYMENTS SPACE IN JOIN VENTURE WITH FISERV

KARTHIK SUBRAMANIAN, 22 June 2021

The bank had exited the business around a decade back by selling it to EVO Payments as it had felt that the business was no longer viable and was highly risky as it was used for gambling and financial crime. But as we have been saying many times over the last couple of months, the payments business is back in vogue and it is expected to grow in a very large manner all around the world in the coming months.

The main driver behind this change in the digital payments business is the pandemic that has been raging around the world over the last couple of years. This has made people stay indoors and even those who are not used to making payments digitally have been forced to do so during this period. Continue reading “Article: DEUTSCHE BANK RE-ENTERS PAYMENTS SPACE IN JOIN VENTURE WITH FISERV”

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Article: Why India wants to put an end to Amazon and Flipkart’s flash sales

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Why India wants to put an end to Amazon and Flipkart’s flash sales

Ananya Bhattacharya, 22 June 2021

Online retail giants in India may soon have to play by new rules when it comes to offering discounts.

“No e-commerce entity shall organise a flash sale of goods or services offered on its platform,” says the amended version of India’s Consumer Protection Rules, 2020, released on June 22. The consumer affairs department describes a flash sale as one that offers “significantly reduced prices, high discounts or any other such promotions or attractive offers for a predetermined period of time on selective goods and services or otherwise with an intent to draw large number of consumers.” Continue reading “Article: Why India wants to put an end to Amazon and Flipkart’s flash sales”