The Carmen Segarra tapes should be the biggest deal ever to hit the financial industry in the US, but I have a sneaking suspicion that they will be buried with the rest of the TBTJ evidence along with the Frank-Dodd regulation initiative.
At least one senator has balls big enough to call for an investigation into this matter (and she is a democrat).
"When regulators care more about protecting big banks from accountability than they do about protecting the American people from risky and illegal behavior on Wall Street, it threatens our whole economy,"Is it any wonder that that the inventor of the web is warning of a threat to freedom on the net? Not really, we've been discussing this here for years. Pick any country that has had unrest in recent years and the examples of control are rampant. China just blocked instagram.
Ya think they are gonna want us to continue to be able to spread the truth and continue to scrutinize their every move? How many more whistle blowers will be allowed to release more damaging information before they have had enough?
Remember it was just this year the FCC wanted to put monitors in news rooms around the country. Don't for get this either, it was just a year ago that congress legalized domestic propaganda in the US. Control is coming, and I suspect it will be thrust upon us after the false flag that's coming.
On to the lie -
SPX 60m - Precarious spot for bully. Backtesting busted wedge support and prior support without and real (not that they are necessary) positive divergences to back up this pop.
SPX Daily - 1955, that 100dma and black support diagonal don't look like much of a correction here do they? Well, if this support should fail, then 1900 comes into play. With that potential failure some serious issues will arise, and I'd suspect some sort of panic will arise.
More to come below.
Have a good week.
GL and GB!