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Recent Posts
- Report: Five Banks Have a Combined Half Trillion Dollars in Commercial Real Estate Loans; Number 1 is JPMorgan Chase
- Billionaire Larry Fink of BlackRock, Which Grabbed Fed Bailouts in 2020-2021, Lectures Struggling Seniors on Making More Sacrifices
- Almost 10,000 U.S. Banks Have Disappeared Since 1985, Leaving 4 Mega Banks Controlling 39 Percent of Bank Assets
- Wall Street’s Go-To Law Firm, Sullivan & Cromwell, Got in Bed with Crypto; Now Its Reputation Is Being Hammered
- More Failed Banks and Office Building Demolitions Likely Before Real Estate Problems End, Warn Two Federal Agencies
- During Spring Bank Panic of 2023, Liquidity Advances from FHLBs Topped Those of Q4 2008, when Wall Street Was in Collapse
- JPMorgan’s Federally-Insured Bank Is Fined $348 Million for Losing Track of “Billions” of Trades
- Hedge Fund Titan John Paulson Made $1 Billion in an Illegal Goldman Sachs Deal; Trump Is Now Floating Him for Treasury Secretary
- Wall Street Mega Banks Have Drawn a Law-Free Zone Around Themselves – The Media Is Complicit
- A Financial Writer at New York Times Admits He’s Been Misrepresenting Bank Capital for 14 Years
- FDIC Data Contradicts Fed Chair Powell: Shows Real Estate Problems Have Skyrocketed at Largest U.S. Banks, Not the Smaller Regionals
- Senator Elizabeth Warren Calls Fed Chair Powell “Weak-Kneed”; Says He Is “Driving Efforts Inside the Fed” to Gut Higher Capital Requirements
- Steve Mnuchin, Trump’s Treasury Secretary/Foreclosure Kingpin, Joins with Hedge Fund Guys to Grab a Teetering, Federally-Insured Bank for $2 a Share
- Wall Street Mega Banks Have Created a Circular Firing Squad with Credit Derivatives and Capital Relief Trades – with the Fed’s Blessing
- New York Community Bancorp Was JPMorgan’s Top Regional Bank Pick for 2024; It’s Lost 73 Percent Y-T-D and Had Its Deposit Rating Downgraded to Junk
- Watchdog, Better Markets, Investigates the Bank that Has Lost 65 Percent of Its Market Value in Two Months and Was Downgraded to Junk by Moody’s
- The Fed Pretends to Send a Warning to Wall Street’s Mega Banks on Derivatives and Counterparty Risk
- $87 Million Buys This for Jamie Dimon: David Boies Can’t Utter the Words “JPMorgan Chase” in a Jeffrey Epstein Sex Trafficking Case
- Jamie Dimon and Nine of His Top Executives at JPMorgan Chase Have Dumped Over $150 Million of their JPMorgan Stock in Last Two Months
- These Charts Reveal Why the Fed Is Frightened about Capital Levels at the Wall Street Mega Banks
- Wall Street Law Firm Sullivan & Cromwell Gets Sued Over Allegations It Aided and Abetted the FTX Crypto Fraud
- JPMorgan Says Its “Trading Venues” Are Under Investigation While It’s Still on Probation for Prior Trading Crimes
- Jamie Dimon Is Desperate to Pin the Jeffrey Epstein Scandal on Jes Staley; Bloomberg News Is Carrying His Water — Again
- Citigroup Is Having a Very Bad Week; Regulators Are Breathing Down Its Neck
- Five Wall Street Banks Hold $223 Trillion in Derivatives — 83 Percent of All Derivatives at 4,600 Banks
- Jamie Dimon’s Statement Last Month that Trump “Was Kind of Right About NATO,” Sounds Even More Unhinged Today
- S&P 500 Sets a Record on Wednesday as Banks Continue Tanking
- NYCB Downgraded to Junk; Shocking Charts for Citigroup, Barclays and Deutsche Bank
- Reporters Who Ask Tough Questions at Fed Press Conferences Have a Habit of Being Disappeared from the Room
- Jamie Dimon Has Spent $117 Billion Propping Up JPMorgan’s Share Price with Buybacks in 10 Years; He’s Counting on Trump’s MAGA Crowd to Rescue Him
- Bank Fraud Enters a New Era: Bank-to-Bank Wire Transfers Loot Customers
- Senator Sherrod Brown Takes on the Fed’s Support of Wealth Stripping the Middle Class
- JPMorgan Chase Has Used the Same Auditor for 58 Years, Despite Giant Frauds at the Bank in the Last Nine Years
- The Fed Has a Dirty Little Secret: It’s Been Allowing the Wall Street Mega Banks to Calculate their Own Capital Requirements
- The Battle Over Capital at the Mega Banks Must Expand to Breaking Them Up
- Robert Kaplan Was Heavily Trading on May 1, 2020; One Day After a Fed Blackout Period and the Same Day He Made a Shocking Prediction on TV
- Naming Names: Professor Exposes the Banking Cartel that Has Hijacked U.S. Democracy
- A Fed Whistleblower Reveals Efforts to Silence Him 30 Years Ago
- The DOJ’s Incestuous Relationship with Jamie Dimon Is Captured in a Graphic from an Historic Lawsuit
- Everything that’s Dangerous about U.S. Banks Today in One Highly Readable Book
- Jamie Dimon Hires Dodd-Frank Hatchet Man to Weigh Suing the Fed Over Proposed Capital Rules
- Three Branches of U.S. Government Have Kept the Secrets of Jeffrey Epstein’s Money Man, Leslie Wexner, Locked Up Tight
- New York State Has Turned Over a Vast Amount of Its Financial Affairs to 5-Count Felon JPMorgan Chase
- Out Today: A Deep Dive into the Dark Side of Banking and Its Handmaiden, Central Banks
- JPMorgan and Jeffrey Epstein Explained: Twisted Banking Taps into Sex Fiend’s Network
- Bill Dudley, Former Kingpin of Darkness at the New York Fed, Now Urges Transparency at the Fed
- Mainstream Media Is Avoiding the Big Story on Jeffrey Epstein and Sealed Court Documents
- Federal Agency Study Contradicts Fed Chair: Finds Banking System Is Ripe for Another Crisis and Remains “Fragile and Uncertain”
- A Big Picture Look at Our Major Wall Street Corruption Stories of 2023
- The DOJ Took More than Two Years to Answer a FOIA on Its Criminal Division Head; Three Days Before Christmas 2023 We Got a Troubling Disclosure
Search Results for: trump
Hedge Fund Titan John Paulson Made $1 Billion in an Illegal Goldman Sachs Deal; Trump Is Now Floating Him for Treasury Secretary
By Pam Martens and Russ Martens: March 14, 2024 ~ According to headlines at Bloomberg News and Reuters this morning, Donald Trump is floating the notorious hedge fund billionaire, John Paulson, to be his next Treasury Secretary. Paulson has, apparently, earned consideration for the post the same way Steve Mnuchin, Trump’s former Treasury Secretary, got the job: by raising a lot of money for the Trump political campaign. Paulson has hosted multiple fundraising events for Trump in the current election cycle and in Trump’s failed run for reelection in 2020. Paulson is the founder and President of the hedge fund Paulson & Co. On April 16, 2010, the Securities and Exchange Commission had this to say about Paulson’s business morals when it announced formal charges against Goldman Sachs pertaining to the infamous 2007 ABACUS deal: “The SEC alleges that one of the world’s largest hedge funds, Paulson & Co., paid Goldman Sachs to … Continue reading
Steve Mnuchin, Trump’s Treasury Secretary/Foreclosure Kingpin, Joins with Hedge Fund Guys to Grab a Teetering, Federally-Insured Bank for $2 a Share
By Pam Martens and Russ Martens: March 7, 2024 ~ Former Trump Treasury Secretary, Steve Mnuchin, has teamed up with his pals from his days as a foreclosure kingpin at OneWest and assorted hedge funds/private equity guys, to pull a coup d’etat at the teetering New York Community Bancorp (NYCB), parent of Flagstar Bank. A press release from NYCB yesterday confirmed that Mnuchin and his pals would be injecting $1 billion in equity at a purchase price of $2 a share for NYCB, massively diluting existing shareholders whose share price on the last trading day of last year was $10.23. (For why shares of NYCB have been in free fall this year, see our report on Tuesday: New York Community Bancorp Was JPMorgan’s Top Regional Bank Pick for 2024; It’s Lost 73 Percent Y-T-D and Had Its Deposit Rating Downgraded to Junk.) Buttressing Mnuchin’s audacity, he will put himself and three of … Continue reading
Jamie Dimon’s Statement Last Month that Trump “Was Kind of Right About NATO,” Sounds Even More Unhinged Today
By Pam Martens and Russ Martens: February 12, 2024 ~ On January 17 of this year, during a CNBC interview during the World Economic Forum in Davos, the Chairman and CEO of JPMorgan Chase, Jamie Dimon, made the unhinged remark that Donald Trump “was kind of right about NATO.” A New York Times article from January 14, 2019 outlined Trump’s position on NATO as follows: “There are few things that President Vladimir V. Putin of Russia desires more than the weakening of NATO, the military alliance among the United States, Europe and Canada that has deterred Soviet and Russian aggression for 70 years. “Last year, President Trump suggested a move tantamount to destroying NATO: the withdrawal of the United States.” This past Saturday, during a campaign stop in South Carolina, Trump recited a prior conversation he said he had had about NATO with a world leader. The video clip of Trump’s remarks was aired yesterday on … Continue reading
Jamie Dimon Has Spent $117 Billion Propping Up JPMorgan’s Share Price with Buybacks in 10 Years; He’s Counting on Trump’s MAGA Crowd to Rescue Him
By Pam Martens and Russ Martens: February 5, 2024 ~ On January 17, Jamie Dimon stunned CNBC viewers when he launched into what sounded like a TV commercial for Republican Presidential candidate and 91-count indictee Donald Trump. Dimon stated: “Take a step back, be honest. He was kind of right about NATO, kind of right about immigration. He grew the economy quite well. Tax reform worked. He was right about some of China…He wasn’t wrong about some of these critical issues.” Dimon also said that Democrats need to be more respectful of their fellow citizens that identify as MAGA Republicans. Former U.S. Labor Secretary Robert Reich was one of the folks who caught Dimon’s act and published a sharp retort, writing: “Kind of right about NATO? Trump wanted the U.S. to withdraw from NATO — and may get his way if he becomes president again. This would open Europe further to Putin’s aggression. “Kind of … Continue reading
There’s a Trump Era/Charles Koch Big Law Firm Behind the Supreme Court Case that Hopes to Gut the Federal Agency that Fights for the Little Guy
By Pam Martens and Russ Martens: September 28, 2023 ~ Next Tuesday, the U.S. Supreme Court will hear oral arguments in a case that could have far reaching effects on the legislative ability of Congress to have flexibility in how it funds regulatory agencies, as well as place in jeopardy the survival of the Consumer Financial Protection Bureau (CFPB), a government watchdog for the little guy, elderly, young, poor and unsophisticated against goliaths on Wall Street and other financial predators. The case arrives at the Supreme Court as a result of a decision handed down in October by a three-judge panel at the right-wing 5th Circuit Court of Appeals. All three judges on the panel (Don Willett, Kurt Engelhardt, and Cory Wilson) were appointed by former President Donald Trump. The 5th Circuit effectively ruled that the CFPB’s funding system, legislated by Congress, was unconstitutional. The shadow of Trump and the invisible … Continue reading
Giuliani Was in the Running to Be Trump’s Attorney General. His Authoritarian Rule as Mayor Suggests a Nightmare Outcome
By Pam Martens: August 17, 2023 ~ American democracy is in a slow death gurgle from the repetition of Orwellian reverse-speak slogans: “Make America Great Again,” “Save America,” “Drain the Swamp,” and “America’s Mayor.” Most Americans have forgotten that Rudy Giuliani was under serious consideration to be nominated by Donald Trump as his Attorney General. As “America’s Mayor,” Giuliani would have likely sailed through his Senate confirmation. Allowing public relations and branding agents to create the brand of “America’s Mayor” as the country reeled in shock after 9/11, launched the power-hungry Giuliani that today is facing a 13-count indictment that includes charges of racketeering and conspiracy. The new media buzz is how did America’s Mayor get caught up in this mess. The hard truth is that Giuliani was always a wannabe authoritarian dressed up by handlers as an American hero. During Giuliani’s two terms as Mayor of New York City, from 1993 … Continue reading
NYS Attorney General Documents a Decade of “Staggering” Fraud by Donald Trump, the Man Allowed to Run the U.S. Government from 2017 to 2020
By Pam Martens and Russ Martens: September 22, 2022 ~ Yesterday, the New York State Attorney General, Letitia James, filed a 222-page lawsuit against former President Donald Trump, the Trump Organization, his three adult children (Donald Jr., Ivanka and Eric), and two company executives, Allen Weisselberg and Jeffrey McConney. The lawsuit is the culmination of a three-year investigation and documents in meticulous detail a “staggering” pattern of fraud from 2011 through 2021. A sampling of the more than 200 instances of fraud alleged by the New York State Attorney General is as follows: “Relying on objectively false numbers to calculate property values. For example, Mr. Trump’s own triplex apartment in Trump Tower was valued as being 30,000 square feet when it was 10,996 square feet. As a result, in 2015 the apartment was valued at $327 million in total, or $29,738 per square foot. That price was absurd given the fact … Continue reading
First Donald Trump Purloins Top Secret Documents; Now Morgan Stanley Allows Its Clients’ Social Security Numbers to Get Auctioned on Hard Drives
By Pam Martens: September 21, 2022 ~ Yesterday, Gurbir Grewal, the Director of Enforcement for the Securities and Exchange Commission, said that the manner in which Wall Street mega bank, Morgan Stanley, had allowed the personal information of its clients to be auctioned off online on hard drives was “astonishing.” Grewal is not someone who can be easily astonished. Grewal came to the SEC from his post as Attorney General of New Jersey. Before that he had been the Bergen County Prosecutor. Prior to that he held various positions in the Justice Department’s U.S. Attorney’s Office for the District of New Jersey, including his last position there as Chief of the Economic Crimes Unit. Exactly what was it that astonished Grewal? According to the SEC’s Cease and Desist Order, here’s what happened: The retail brokerage unit of Morgan Stanley known as Morgan Stanley Smith Barney wanted to decommission two of its … Continue reading
Trump Administration Prosecutor Charges in New Book that Justice Department Was Corrupted by Trump and Attorney General William Barr
By Pam Martens and Russ Martens: September 13, 2022 ~ Two new nonfiction books are being released today. Bestselling author and anthropologist Sarah Kendzior’s book, They Knew, describes Donald Trump as a “transnational career criminal.” The book from the former top federal prosecutor in the Southern District of New York under the Trump Justice Department, Geoffrey Berman, a Republican, reinforces Kendzior’s thesis with the revelation that Trump’s Justice Department was weaponized “to aid the President’s friends and punish his enemies,” both foreign and domestic. One of the most outrageous demands from the Justice Department, writes Berman, was “pressure to pursue baseless criminal charges against John Kerry, who had served in the Obama administration as secretary of state.” Berman writes the following in Holding the Line: Inside the Nation’s Preeminent US Attorney’s Office and Its Battle with the Trump Justice Department: “Throughout my tenure as U.S. attorney, Trump’s Justice Department kept demanding that I use my office … Continue reading
Here’s What Americans with Security Clearances Are Saying About Trump’s Stash of Top Secret Documents at His Resort Hotel, Mar-a-Lago
By Pam Martens: September 1, 2022 ~ The above photo was released on Wednesday evening as part of the Justice Department’s court response to Donald Trump’s motion to have a Special Master appointed to review documents seized by the FBI in a raid of his 114-room resort hotel, Mar-a-Lago, in Palm Beach, Florida on August 8. Included in the items seized by the government were highly classified documents marked Top Secret/SCI – meaning they were Sensitive Compartmented Information that should have been maintained in a government approved SCIF – Sensitive Compartmented Information Facility. The FBI’s raid of Mar-a-Lago on August 8 followed months of stonewalling by Trump to return government records he had illegally retained after leaving the White House. The records were first demanded by the National Archives. When the National Archives finally received 15 boxes from Trump of improperly taken documents in January, it discovered highly classified material in … Continue reading