Occupy Banksters & Crony Capitalism & GREED

BREXIT CARNAGE: Sterling, Stocks In Free Fall As UK Votes To Exit European Union
HP | Reuters | 06/24/16

The British pound had collapsed no less than 15 U.S. cents, easily the biggest fall in living memory.

UK financial markets braced for one of their most volatile days ever on Friday, with sterling hitting a 31-year low in its biggest fall in history after Britons voted to leave the EU and David Cameron said he would resign as prime minister.

Government bond yields pointed to a new record low and UK and European stocks opened 8 percent lower, reflecting widespread alarm in the financial community over the uncertainty and volatility likely to be unleashed by the Brexit vote. ... Read more

BBC News | Brexit: David Cameron resigns as UK votes to leave (06/24/16) [6:27]

RT | 'EU is failing, EU is dying': Nigel Farage speech following Brexit vote (06/24/16) [4:02]

Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It"
ZeroHedge | author | 06/24/16

"This is the worst period, I recall since I've been in public service. There's nothing like it, including the crisis -- remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I'd love to find something positive to say." ... Read more

"Worse Than Lehman" - European Bank Bloodbath Sparks Dollar Funding Crisis
ZeroHedge | author | 06/24/16

For European banks, today is worse than Lehman with a 13%-plus collapse in the broad index. The major banks - like Credit Suisse and Deutsche Bank - have crashed over 15% to record lows as "Lehman moments" loom. This crisis prompted massive demand for USDollars, sending basis swaps (and other funding vehicles) spiking which it appears is why The Fed said it was ready to provide liquidity. ... Read more

Historic Volume Surge Forces Deutsche, Morgan Stanley To Shut Down Dark Pools
ZeroHedge | author | 06/24/16

Following a historic surge in volume after the Brexit referendum, which sent bid/ask spreads soaring and led to a disorderly market at the European open, Deutsche Bank AG temporarily shut off outside market makers in its dark pool, SuperX. The bank told outside market makers that they would be prohibited from trading in SuperX on Friday, until the bank notified them it was ready to resume. Morgan Stanley's dark pool was likewise turn "off" this morning as ATS operators scrambled to make sense of the broken market. ... Read more

Emails: State Dept. scrambled on trouble on Clinton's server
AP | Michael Biesecker | 06/22/16

State Department staffers wrestled for weeks in December 2010 over a serious technical problem that affected emails from then-Secretary Hillary Clinton's home email server, causing them to temporarily disable security features on the government's own systems, according to emails released Wednesday.

The emails were released under court order Wednesday to the conservative legal advocacy group Judicial Watch, which has sued the State Department over access to public records related to the presumptive Democratic presidential nominee's service as the nation's top diplomat between 2009 and 2013. ... Read more
TYT | Security Disabled On Hillary's Email Servers (06/23/16) [7:56]

Supreme Court Deadlocks On Immigration, Leaving Obama's Deportation Relief Plan In Limbo
HP | Cristian Farias | 06/23/16

The Supreme Court couldn't reach a majority for or against President Barack Obama's plan to defer deportation for millions Thursday, effectively leaving his executive actions on hold and undocumented immigrants in limbo. In a one-sentence ruling, the justices simply said, "The judgment is affirmed by an equally divided court." But they didn't indicate how they voted -- a sign that the court was sharply at odds along ideological lines.

The split decision means a lower court ruling that effectively blocked the program will stand, and no national precedent will be set as to whether the president acted within the law when he announced it in November 2014. ... Read more