QAnon Joins Hits to Citigroup’s Brand: Dr. Evil Trade; Parmalat “Black Hole”; Enron; SIV Liquidity Puts; and Dracula Stock Options

By Pam Martens and Russ Martens: September 15, 2020 ~ The business media was abuzz yesterday with reports that two of Citigroup’s federal regulators – the Office of the Comptroller of the Currency and the Federal Reserve – are considering reprimanding the bank for failure to improve its risk management systems. Trust us: there is a lot more to this story than you’re reading about in the main stream press. Citigroup doesn’t do anything small. When it does something bad, it goes all in – sometimes even assigning a code name. Let’s start with the “Dr. Evil” trade. That was actually the code name that Citigroup traders assigned to an attempt to exploit a weakness in a European bond trading system. Citigroup was fined $26 million in 2005 by Europe’s Financial Services Authority for the trades. Citigroup employees gave another code name, “Buca Nero” – Italian for “Black Hole” – … Continue reading QAnon Joins Hits to Citigroup’s Brand: Dr. Evil Trade; Parmalat “Black Hole”; Enron; SIV Liquidity Puts; and Dracula Stock Options