Tag Archive for Wall Street shenanigans

Lies, Damned Lies, and Banks: Deutsche Bank’s Whitewash Of “Senior Management” – Wolf Richter- Testosterone Pit

Germany has its own JP Morgan, the bank that could do no wrong and got bailed out by the Fed and the taxpayer while CEO Jamie Dimon walked on water with a nimbus floating above his head, at least in the eyes of regulators and the government. Until someone had the gumption to peel away layers of obfuscation. What emanated was the acrid stench of internal putrefaction from the top down. After a series of legal battles, fines and settlements are piling up in the magnitude of tens of billions of dollars.

Plug Power, “Exhibit A” Why Most Hot IPOs Suck Long Term – Wolf Richter- Testosterone Pit

Plug Power soared 50% on Thursday. With Friday’s gain, it has surged 68.4% in the first two trading days of the year. Not because it got a buyout offer from some company interested in alternative power generation for data centers or something, but because it made another one of its promising announcements.