It is the 30th of April 2017

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Furious Bank Run Leaves Canada's Largest Alternative Mortgage Lender On Verge Of Collapse

After two years of recurring warnings (both on this website and elsewhere) that Canada's largest alternative (i.e., non-bank) mortgage lender is fundamentally insolvent, kept alive only courtesy of the Canadian housing bubble which until last week had managed to lift all boats, Home Capital Group suffered a spectacular spectacular implosion last week when its stock price crashed by the most on record after HCG revealed that it had taken out an emergency $2 billion line of credit from an unnamed counterparty with an effective rate as high as 22.5%, indicative of a business model on the verge of collapse .

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Nursing Home Owner Pleads Guilty To Spending Medicaid Funds On Strippers, Casinos, Pet Care

Johnnie Mac Sells, 52, the owner of a suburban St. Louis nursing home where 60 residents had to be rescued after food ran out and trash piled up, has pleaded guilty to federal charges for stealing $667,000 from Medicaid and spending it on strippers, gambling and other things. Sells pleaded guilty Wednesday to two counts of health care fraud, the St. Louis Post-Dispatch reported. He could get up to three years in prison when he's sentenced July 25 and he has to pay back what he stole.

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Greece Is In Trouble Again: Bonds, Stocks Plunge As Bailout Talks Collapse; IMF Sees "Explosive" Debt

It may - or may not - shock readers to learn that Greece is once again on the verge of collapse.

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In "Mysterious" Bond Sale, Venezuela Issues $5 Billion In Debt To Itself With China As Underwriter

While Venezuela CDS suggest the country's default odds remain well over 90%, and its currency on the black market continues to plunge into the abyss of hyperinflation, something odd happened today: Venezuela’s government issued $5 billion in dollar debt for the first time in more than five years, selling bonds in an opaque transaction to the state bank Banco de Venezuela SA and the central bank, Reuters and Bloomberg report. What makes this "unorthodox operation" particularly strange, is that the government is effectively selling debt, and raising dollar funds from itself - it owns both the Banco de Venezuela and the central bank; it is also strange in that the transaction, according to Reuters, does not immediately bring in new funds for the cash-strapped OPEC nation.

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Trump "Deep Throat" Emerges: Someone Leaks Donald's '95 Tax Filing To The NYT

For months democrats had complained that it was only damaging information associated with Hillary and the Democratic party that had been leaked during the election season, a string of hacks which was promptly assigned to Russia and Putin. That changed overnight.

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