Publisher’s Must Reads
- Removal of GE from the Dow Looks Suspiciously Like Citigroup’s Exit
- Trump’s Immigration Policy: It’s Child Abuse According to Experts
- Goldman Sachs Gets into the Non-Collateralized Personal Loan Business
- How Did JPMorgan Reverse an Arrest Warrant for its Mexico Bank Chief?
- Bitcoin Price Manipulation Versus What’s Going on in Dark Pools
- Merrill Lynch Fine Renews the Question: Can You Trust Your Broker?
- WaPo and SEC Commissioner Wake Up to Looming Crisis from Stock Buybacks
- Even after Madoff, Ponzi Schemes Touting Promissory Notes Proliferate
- Trump’s Assault on a Free Press Takes a New, Dangerous Turn
- Wall Street’s Misallocation of Capital Is Worse Today than the Dot.com Era
- Wall Street Has Placed a Derivatives Noose Around the U.S. Insurance Industry
- Wall Street CEO to Worker Pay Ratios Don’t Capture What’s Going On
- Citigroup Faces Criminal Charges in Australia: 3x Felon JPMorgan Is Said to be Cooperating
- Deutsche Bank, not Michael Cohen, May Be Donald Trump’s Biggest Problem
- Jamie Dimon Goes Way Out of Town for Shareholders’ Meetings: For Good Reason
- Wall Street Banks Tank Yesterday as Contagion Threat Grows
- Welcome to Risk-Off Tuesday as Italy Rattles Markets
- America Has Reason to Hope: Leslie Cockburn Is Running for Congress
- SEC Charges Elizabeth Holmes with “Massive Fraud” but Says She Can Head a Public Company in 10 Years
- Rollback of Wall Street Reforms Didn’t Just Happen Yesterday
- Supreme Court Justice’s Wife Paid by Right-Wing Outlet that Outed FBI Informant Stefan Halper
- Trump and Clarence Thomas Financial Disclosures Prove U.S. Is Officially a Kleptocracy
- Vatican Assails Wall Street for Creating an “Amoral Culture”
- Michael Cohen Got $3 Million More from Unnamed Sources; Records Vanish
- What Is the Yield Curve Telling Us About the U.S. Economy?
- Giuliani Was Wrong: Even Children are “Disposable” in Gaza
- Reverse Mortgages: Should You Trust Tom Selleck or a Federal Agency
- Did Morgan Stanley Smith Barney File a Suspicious Activity Report on Michael Cohen’s Account?
- First Republic: Meet the Bank at the Center of the Michael Cohen Scandal
- Banking Fraternity Felons – Except for Goldman Sachs
- Schneiderman Falls, Vance to Investigate
- Trump’s Lies Hit Critical Mass: Even His Media Supporters Are Bolting
- The Market Is Going to Test Obama’s Legacy on Wall Street Bank Reform
- Giuliani Hints Trump, While President, Paid Cohen a $420,000 Slush Fund to Handle “Things of a Personal Nature”
- Was that a Koch Brothers’ Agent Who Pounded on our Door after We Wrote a Critical Article?
- Robert Rubin Exorcises Citigroup from His Career in Today’s NYT OpEd
- Nomi Prins’ New Book Is a Far More Important Read than Comey’s
- Trump’s Tax Cut Follows a Pattern of Poor Vetting at White House
- Deutsche Bank’s Stock Is Trading Below Pre-Crisis Levels; But So Is Citigroup’s
- Why Did Yesterday’s Market Rout Miss the Big Wall Street Banks?
- Why Isn’t the Justice Department Bringing Treasury-Rigging Charges Against Wall Street?
- Why Did a Wall Street Plaintiff’s Law Firm File the DNC RICO Lawsuit Against Trump’s Campaign
- Eric Holder, After Failing to Prosecute Wall Street, May Run for President
- Elizabeth Warren Says U.S. and Wall Street Conspired Against Wealth Building by Blacks; Remarks Are Censored by Big Media
- Elizabeth Warren Gets Wall Street Runaround on #MeToo Probe
- These Are the Michael Cohen “Business Dealings” Prosecutors Are Investigating
- Meet the Wall Street Lawyer that Donald Trump Hired for the Cohen Raid Case
- Comey Compares Trump to “Mob Boss” as RNC Launches “Lyin’ Comey” Website
- Hearings Show Facebook as a Media Company Using Deceptive Technology to Gain Unfair Advertising Advantage
- Senate Hearing: Facebook CEO Zuckerberg Is Questioned on Ties to CIA-Funded Company
Search Results for: russian nesting dolls
By Pam Martens: January 13, 2014 Last week JPMorgan Chase paid $2.6 billion in fines and restitution, signed a deferred prosecution agreement and walked away from their 22-year involvement with Bernie Madoff’s Ponzi scheme. But according to court documents filed in 2011 by the Trustee of the Madoff victims’ fund, Irving Picard, this was not a simple case of poor risk management at JPMorgan. This was an operation structured like those Russian nesting dolls, with the Ponzi scheme as the outside doll with many more frauds layered inside the big one. After reading the documents released by the Justice Department in connection with the settlement, the Los Angeles Times asked in a photo caption of a smirking Madoff outside of Federal Court: “Bernie Madoff: Was he part of the JPMorgan ring, or was JPMorgan part of his ring?” The New York Times had a far more charitable stance, with Floyd … Continue reading
In-depth research on public interest topics frequently ignored by corporate media. (For most recent reports, scroll to the end.) Maria Bartiromo and the Co-Branding of CNBC and Citigroup: February 2, 2007 The cozy nexus between CNBC and Citigroup, the company on which it is supposed to be providing objective reporting. Madoff and the SEC’s Revolving Door: August 31, 2009 …the background of the member of the team heading up the Inspector General’s Office of Investigations, J. David Fielder, should have sounded alarm bells to Congressional investigators. Wall Street Titans Use Aliases to Foreclose on Families: October 5, 2009 A federal agency tasked with expanding the American dream of home ownership and affordable housing free from discrimination to people of modest means has been quietly moving a chunk of that role to Wall Street since 2002. In a stealth partial privatization, the U.S. Department of Housing and Urban Development (HUD) farmed out … Continue reading
By Pam Martens and Russ Martens: May 17, 2018 ~ The intrepid investigative reporter, Ronan Farrow, who has a shiny new Pulitzer on his shelf for his investigations into Harvey Weinstein, published an article last night at The New Yorker that should alarm every American. It turns out that it was a law enforcement official who leaked the confidential government file on Donald Trump’s lawyer Michael Cohen out of concern that someone in the government was making other undisclosed files on Michael Cohen’s funny money transactions involving an additional $3 million disappear. Cable news has breathlessly been reporting for days now on the financial file that the law enforcement official leaked to Michael Avenatti, attorney for porn star Stormy Daniels, who was paid $130,000 from Cohen’s secret account – a limited liability corporation established in Delaware with the name Essential Consultants LLC. (“Essential” suggesting that if you want the President’s … Continue reading
By Pam Martens and Russ Martens: November 13, 2017 A man holding one of the most important and powerful jobs for keeping the U.S. banking system safe from another epic crash like that of 1929 and 2008 has tongues wagging over the bizarre speech he delivered at the Clearing House Annual Conference last Wednesday in New York. Keith Noreika is the acting head of the Office of the Comptroller of the Currency (OCC), the Federal agency responsible for supervising national banks and inspecting them for safety and soundness. What Noreika recommended last Wednesday, however, would make the U.S. banking system significantly more dangerous than it already is. Noreika thinks there is no good reason to prevent giant corporate conglomerates from owning insured depository banks that are backstopped by the U.S. taxpayer. He had this to say in his speech last week: “The narrative persists to keep commercial interests from owning or … Continue reading
By Pam Martens: November 12, 2014 Two U.S. and three foreign banks have been charged with rigging the foreign exchange market where $5.3 trillion changes hands daily and have settled civil claims for $3.3 billion. (The charges are very similar to those in the rigging of the international interest rate benchmark known as Libor.) Additional charges and settlements by other regulators are expected to follow before the end of the year. The U.S.-based Commodity Futures Trading Commission (CFTC) levied a total of over $1.4 billion in fines against JPMorgan, Citigroup, UBS, HSBC and RBS. The same five banks were fined $1.7 billion by the U.K.’s Financial Conduct Authority (FCA). Swiss regulator FINMA charged only UBS with a fine of $139 million and included rigging of precious metals trading along with rigging foreign exchange. While the details that were released are skimpy and the Financial Conduct Authority is already being criticized … Continue reading
By Pam Martens and Russ Martens: August 13, 2014 Helen Davis Chaitman is a nationally recognized litigator and author of The Law of Lender Liability. And she is two other things as well – a Bernie Madoff victim who lost a large part of her life savings to his Ponzi scheme and the tenacious lawyer who represented other victims of his fraud in district and appellate courts. Now, together with attorney Lance Gotthoffer, Chaitman has written a book titled JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook. The book is being made available to readers on a new web site which will provide a chapter each month. The first chapter is currently available and Chaitman says that the second chapter, to be posted on September 12, will detail what JPMorgan knew and when it knew it. The web site also provides a quick means of contacting your … Continue reading