Zerohedge:

Could this happen to Deutsche Bank?

First, we must state the obvious: If Deutsche Bank is the next Lehman, we will not know until events are moving at an uncontrollable and accelerating speed. The nature of all fractional-reserve banks — who are by definition bankrupt at all times – is to project an aura of stability until that illusion has already begun to implode.

By the time we are aware of a crisis – if one is in the offing — it will already be a roaring blaze by the time it is known publicly. It is by now well-established that truth is the first casualty of all banking crises. There will be little in the way of early warnings. To that end, we begin connecting the dots:

Here’s a re-cap of what’s happened at Deutsche Bank over the past 15 months:

In April of 2014, Deutsche Bank was…

Hooray! Net neutrality is finally, well and truly, the law. The courts did not uphold industry groups’ requests to press pause on the implementation, and so as of right now, ISPs are common carriers under Title II and are not allowed to mess around with your connections. Does that mean they’ll all behave perfectly well […]

http://consumerist.com/2015/06/12/is-your-isp-not-following-net-neutrality-the-fccs-got-a-complaint-form-for-that/

Huffington Post:

The problem is not that I don’t understand the global banking system. The problem for these guys is that I fully understand the system and I understand how they make their money. And that’s what they don’t like about me.” — Sen. Elizabeth Warren on Jamie Dimon’s recent comments “mansplaining” banking to her.

By Sydney Sullivan

If you really want to revive SAVE the economy… Either the Congressional legislature or the courts are going to have to confiscate the bank patents.

Those on the cutting edge of foreclosure defense realize that the “new” securitization system was completely patented from the cradle to the grave in the USPTO… as if to make it appear legal. From the very inception of securitization starting with the Fannie Mae 1003 loan application software to the Wells Fargo targeted sales system… to foreclosure, REO and beyond …each and every step has been developed by some sharp IT guy and likely the idea and eventual purpose, patent and use was created from an idea by the higher-ups.

If the fraudulent foreclosure scheme, a defunct economy and the lack of any meaningful indictments within the TBTF cabal is bothersome… even in lieu of the huge fines, penalties and settlements for fraudulent activities that…

HSBC Holdings Plc could announce thousands of job cuts at a strategy day next week, Sky News reported on Monday, part of chief executive Stuart Gulliver’s overhaul of Europe’s biggest bank.

HSBC Holdings Plc (HSBA.L) was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34 billion of losses in the global financial crisis.

U.S. District Judge Shira Scheindlin in Manhattan said the plaintiff investors, including funds from BlackRock Inc (BLK.N), Allianz SE’s (ALVG.DE) Pacific Investment Management Co and TIAA-CREF, could pursue claims accusing HSBC of breach of contract, and concealing known defects in mortgage loans backing 283 trusts.

“Based on plaintiffs’ detailed allegations, it is indeed plausible to infer that HSBC had actual knowledge of breaches in representations and warranties in the specific loans at issue,” Scheindlin wrote in a 53-page decision. “How HSBC gained this actual knowledge, or whether in fact it had actual knowledge, may be determined through discovery.”

Read on.

WASHINGTON — Sen. Elizabeth Warren (D-Mass.) sent a letter to Securities and Exchange Commission Chair Mary Jo White on Tuesday, criticizing White’s leadership as “extremely disappointing,” and accusing the regulator of “misleading” her about a rule on CEO pay.

Warren said White has broken multiple promises to impose tougher penalties against corporate wrongdoers that White made to senators during her 2013 confirmation process.

“You have now been SEC Chair for over two years, and to date, your leadership of the Commission has been extremely disappointing,” Warren wrote. “I am disappointed by the significant gap between the promises you made during and shortly after your confirmation and your performance as SEC Chair.”

Read on.

For the first time in the memory of anyone who has just awoken from a 20 year coma in the past few months, the US Senate is coming back from a grueling week-long paid vacation early to try to meet a legislative deadline it has known about for years. Some key provisions of the Patriot Act expire at midnight if they are not extended or amended in such a way as to pass before that time.

The sections involved include key provisions dealing with the controversial mass accumulation of data concerning basically all telephone calls made in the US. This mass surveillance, made public famously by Edward Snowden, has become an extremely controversial issue for many, both within and outside of government, as a possible violation of our civil liberties and Constitutional rights under the 4th Amendment, which deals with unreasonable searches and seizures.

When the Patriot Act was passed…