Category Archives: Huffington Post

Our Next Fed Chair, A Proven Fighter for All Americans: Sheila Bair

By RayLearsy | Published September 17, 2013

As featured on The Huffington Post: Phil Angelides is a man who should know. He served as Chairman of the 10-member bipartisan Financial Crisis Inquiry Commission appointed by the United States Government to investigate the causes of the 2007-2010 financial crisis which was to become known as the Angelides Commission. In a recent opinion piece in consequence…
Read More

| Tagged Barack Obama, Business, Fedral Deposit Insurance Corporation, Financial Crisis, Financial Inquiry Commission, Goldman Sachs, Henry Paulson, Janet Yellen, Phil Angelides, Politics News, Sheila Bair, The Fed, Timothy Geithner, Treasury Department | Leave a comment

The Smoking Gun of Higher Oil Prices

By RayLearsy | Published September 16, 2013

As featured on The Huffington Post: There, in plain sight for all to read, the highly influential New York Times, in an article about the manipulative speculation in ethanol markets and the obscure but phenomenally profitable ethanol credits (having skyrocketed more than 20 times in the last six months) and in turn its impact on the price for gasoline…
Read More

| Tagged Business News, Commodity Futures Trading Commission, Congress, Ethanol, Financial Crisis, Gas & Oil, Jpmorgan, Morgan Stanley, The Fed, The New York Times | Leave a comment

Syria as Russia’s Oil Price Tool

By RayLearsy | Published September 9, 2013

As featured on The Huffington Post: The opening paragraph in the Financial Times‘ May 31, 2013 review of Thane Gustafson’s history of the Russian oil industry, Wheel of Fortune: The Battle for Oil and Power in Russia, says it all: In no other big economy do oil and gas play such a vital role as in Russia. They account…
Read More

| Tagged Bashar Assad, Business News, Egypt Protests, International Energy Agency, Iran, Middle East, Oil And Gas, Russia, Sarin Gas, Strategic Petroleum Reserve, Syria, United Nations, United States, Vladimir Putin, World News | Leave a comment

France’s “Cri de Guerre”

By RayLearsy | Published September 2, 2013

As featured on The Huffington Post: Ironically it is America’s first ally, France, that has held firm to the precept of holding the Syrian regime accountable for their slaughter of innocents in breach of international law by the indiscriminate use of poison gas, and at that the most gruesomely deadly agent in the lexicon of…
Read More

| Tagged Al Qaeda, Auschwitz, Barack Obama, Congress, Damascus, France, France President Hollande, Islamic Radicalism, Le Monde, Mali, Parliament, Sarin, Syria, World, World News | Leave a comment

Blatant Distortion and Manipulation of Oil Prices Laid Bare

By RayLearsy | Published August 26, 2013

Friday was a red letter day for the oil producers. In the space of three hours, from 9:00 a.m. to noon, the price of West Texas Intermediate (WTI) crude oil as traded on the New York Mercantile Exchange leapt from $104.30/barrel to $106.94/bbl., finally closing the day at $106.42/bbl. A staggering range for a commodity…
Read More

| Tagged Business News, CNBC, Commodity Exchanges, Commodity Prices, Department Of Justice, Energy Department, Federal Energy Regulatory Commission, Federal Trade Commission, Gas & Oil, Pdvsa, Saudi Aramco, Strategic Petroleum Reserve | Leave a comment

JPMorgan Chase’s Culture as Economic Parasite

By RayLearsy | Published August 22, 2013

As featured on The Huffington Post: The culture of what we expect from banks is not overly complex. They are institutions meant to safeguard our deposits and are meant to anchor and enhance our economy by lending to viable businesses, finance trade and receivables, finance business expansion, help people purchase their homes, and where their…
Read More

| Tagged Barack Obama, Business News, Commodity Prices, Financial Crisis, Gas & Oil, JPMorgan Chase, Justice Department, Proprietary Trading, RBS Sempra Commodities, Senator Elizabeth Warren | Leave a comment

Egypt’s Darkness and Weapons Into Plowshares

By RayLearsy | Published August 19, 2013

As featured on The Huffington Post: America’s military aid to the current military government of Egypt is the focus of criticism from many sides. Here in the United States both Senator John McCain of Arizona and Lindsey Graham of South Carolina have called on President Obama to suspend all military aid to the interim government…
Read More

| Tagged Ayman Al-Zawahiri, Egypt, Marshall Plan, Military Aid Egypt, Muslim Brotherhood, Obama Egypt, Politics News, World | Leave a comment

Banker Lies and Misrepresentation — The Present and Lessons From the Past

By RayLearsy | Published August 15, 2013

As featured on The Huffington Post: Yesterday U.S. prosecutors accused two low-level JPMorgan executives with criminal charges of wire fraud and falsifying regulatory filings of risky and complex credit derivatives that led to the bank’s massive loses in the ‘London Whale’ scandal. JPMorgan, as do all banks, had the obligation to honestly report its assets…
Read More

| Tagged Bank Of The United States, Business News, Financial Crisis, Jamie Dimon, Jpmorgan, London Whale, politics, Preet Bharara U.S. Attorney Southern District Of New York, President Andrew Jackson | Leave a comment

The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers

By RayLearsy | Published August 12, 2013

As featured on The Huffington Post: That banks are able to manipulate became clear as a bell with the findings of the Libor interest rate fixing scandal (“Everything is Rigged: The Biggest Price Fixing Scandal Ever” Rolling Stone 04.25.13) whereby some sixteen too big to fail banks were accused of colluding to manipulate interest rates…
Read More

| Tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown | Leave a comment

The Price of Oil Is Rigged

By RayLearsy | Published August 5, 2013

As posted on The Huffington Post: The U.S. oil market is well supplied, with U.S. commercial crude oil inventories near all time highs, with production of U.S. oil increasing by some million barrels/day from a year ago, with weekly inventory of gasoline jumping by 800,00bbls equivalent last week alone, while Chinese demand is flat to…
Read More

| Tagged Barack Obama, Brent Crude, Business News, Congress, Department Of Energy, European Commission, Gas & Oil, Justice Department, Strategic Petroleum Reserve, Unctad, WTI | Leave a comment