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Recent Posts
- Billionaire-Owned Media Has Gone Full Throttle to Save Fellow Billionaire, Jamie Dimon
- The Professor Who Wrote the Seminal Book on Wall Street Megabanks Calls Today’s Financial System “Dangerously Unstable”
- Gold Has Set Historic Highs this Year as the Federal Reserve Has Reported Historic Losses
- Stanford Finance Professor Anat Admati Is Making Jamie Dimon Very Nervous – Again Calling His Bank “Dangerous”
- Jamie Dimon Dumped $150 Million of His JPMorgan Stock in February; Now He Says His Regulators Want 25 Percent More Capital at his Bank
- The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting
- New York Fed Will Not Confirm or Deny that 5-Count Felon JPMorgan Chase Is Custodian of $2.4 Trillion of Its Securities
- For the First Time in History, the Fed Is Reporting Billions in Losses Weekly; It’s Still Paying High Interest Income to the Mega Banks on Wall Street
- There’s a Revival of the Dotcom-esque Froth in Today’s Markets; Cathie Wood Is Standing in for Henry Blodget and Jack Grubman; Nasdaq Is Playing Nasdaq
- Study Finds Wall Street Mega Banks Have Overstated Income for Years on Commercial Real Estate Loans They Sell to Investors
- Jamie Dimon Huddles in Private with Biden Bigwigs as His Bank Faces More Crime Charges
- 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
Search Results for: kavanaugh
Senator Bernie Sanders’ Banking Bill and the Kavanaugh Confirmation
By Pam Martens and Russ Martens: October 8, 2018 ~ Last week when Senator Bernie Sanders introduced a new banking bill to break up the mega banks on Wall Street, he had this to say: “In our nation today, we are moving toward an oligarchic form of society where a small number of very wealthy individuals and large corporations have enormous control over our economic and political life. Today, we are in a country where three people, three of the wealthiest people, own more wealth than the bottom half of American society and 52 percent of all new income is going to the top 1 percent.” Sanders made this statement on October 3. Just three days later, on October 6, a thoroughly discredited nominee for the U.S. Supreme Court, Brett Kavanaugh, who had the financial backing of a front group funded by billionaires Charles and David Koch, Americans for Prosperity, … Continue reading
Kavanaugh Pal, Mark Judge, Erases His Creepy Social Media History
By Pam Martens and Russ Martens: October 2, 2018 ~ Editor’s Note: Wall Street On Parade believes the focus on Supreme Court nominee Brett Kavanaugh is highly warranted. We will move back to our regular Wall Street beat shortly. ~~~ Increasingly, the much-aligned U.S. media appears to be doing the job that the FBI failed to do in its first six background checks of U.S. Supreme Court nominee Brett Kavanaugh. The FBI’s seventh background check isn’t looking much better either, thus far. According to reporting at NBC, even Kerry Berchem, a law-partner at the 900+ lawyer firm, Akin Gump, couldn’t get the FBI to respond to evidence she offered suggesting the possibility of witness tampering by Kavanaugh and/or his team. Akin Gump’s roster of legal luminaries includes multiple former U.S. attorneys and former district attorneys. There is also growing suspicions that there is a coordinated coverup taking place involving the … Continue reading
The FBI’s Failures on Kavanaugh Are Like the SEC’s Failures on Madoff
By Pam Martens and Russ Martens: October 1, 2018 ~ Editor’s Note: On June 18, 1991, when I was managing money for individual clients at a Wall Street firm, a client told me that Bernie Madoff had been guaranteeing him, and other members of his Long Island country club, 13 percent annual returns on the stock portfolios Madoff managed for them – and had been delivering those returns for about 15 years. It was then, as it is today, a serious violation to promise guaranteed returns on a stock portfolio for the obvious reason that markets can experience serious losses within any one year and negative returns in multiple years. I told my client this and suggested that a person willing to ignore a well known prohibition against promising investors guaranteed stock returns is highly likely to be lying about bigger things. I suggested to this client that Madoff was … Continue reading
Here’s the Kavanaugh Power Brokers the FBI Will Have to Navigate to Probe Mark Judge
By Pam Martens and Russ Martens: September 29, 2018 ~ Mark Judge is a conservative writer who, until the sexual assault allegations surfaced against Supreme Court nominee Brett Kavanaugh, had an unremarkable career. Despite the unlikelihood that Judge has squirreled away the funds from this writing career to pay one of Washington D.C.’s top white-collar criminal defense lawyers to represent him, or the kind of credible history that would entice such a legal engagement, Judge has secured an expensive lawyer with a remarkable pedigree. Judge is the pivotal witness that the FBI will want to interview following President Donald Trump’s announcement yesterday that he will reopen the FBI’s background investigation of Kavanaugh. Trump caved to pressure yesterday from Republican Senator Jeff Flake, the American Bar Association, the Yale Law School (Kavanaugh’s alma mater) and every Democratic Senator on the Senate Judiciary Committee who called for a reopened FBI investigation of … Continue reading
Kavanaugh Hearing: Why Republicans Fired their Sex Crimes Questioner Midstream
By Pam Martens and Russ Martens: September 28, 2018 ~ Apparently, somebody on the Republican staff of the Senate Judiciary Committee forgot to give Rachel Mitchell the memo advising her that she was supposed to lob softball questions at Brett Kavanaugh, the Supreme Court nominee now accused by two separate women of sexual assault and by a third of aiding and abetting the gang rape of women during his teen years. Rachel Mitchell is the long-tenured sex crimes prosecutor from Maricopa County, Arizona who was hired by the Republican majority on the Senate Judiciary Committee to avoid the optics of 11 male Republicans questioning Dr. Christine Blasey Ford yesterday over the intimate details of her sexual assault allegations against Kavanaugh. The Republicans allowed Mitchell to conduct all questioning of Ford, who testified first, on behalf of Republicans, and to proceed with questioning Kavanaugh in the afternoon session that followed. The … Continue reading
Kavanaugh Hearing: Yes, There’s a Conspiracy; But It’s Not Coming from Dems
By Pam Martens and Russ Martens: September 27, 2018 ~ The front groups that have been funded for decades by billionaires Charles and David Koch, majority owners of the fossil fuels conglomerate, Koch Industries, are determined to put Brett Kavanaugh on the Supreme Court because he has demonstrated a willingness to write decisions favorable to gutting regulations on greenhouse gas emissions. Whether Kavanaugh has a history of sexual assaults is irrelevant to that agenda. As recently as last evening, a dark money group that keeps its donors a secret from the American people, the Judicial Crisis Network, continued running its multi-million dollar ad campaign on television in support of Kavanaugh. This week, its Chief Counsel, Carrie Severino, has made the rounds on cable news shows calling the women’s allegations a smear campaign. The Judicial Crisis Network has been running these ads since July and says it is prepared to spend … Continue reading
The Kavanaugh Nomination’s Money Trail Leads Back to Clarence Thomas
By Pam Martens and Russ Martens: September 26, 2018 ~ The dark money stench now surrounding the Brett Kavanaugh Supreme Court nomination bears a striking resemblance to what happened in the backdoor effort to land Clarence Thomas onto the Supreme Court in 1991. After credible testimony from Anita Hill over egregious sexual harassment by the nominee, Thomas was confirmed in a 52 to 48 vote by the Senate on October 15, 1991. That was the narrowest margin for a Supreme Court nominee in more than a century. In 2011 it emerged that Virginia Thomas, wife of Clarence Thomas, had received at least $1,051,214 in compensation from the Heritage Foundation from 1999 to 2007 while Thomas sat as a Supreme Court justice. Despite his legal requirement to report that income and its source, he had failed to do either and had to amend years of his financial disclosure reports. The Heritage … Continue reading
Kavanaugh’s Fox News Interview: Dark Money Transforms Him into a High School Virgin Who Went to Church Every Sunday
By Pam Martens and Russ Martens: September 25, 2018 ~ Last evening we got a sneak peek at what all of that coaching of Supreme Court nominee Brett Kavanaugh at the White House over the past two months has done for his demeanor under fire. He’s now effectively been turned into a cross between Fred Rogers, the beloved host of the children’s show Mister Rogers’ Neighborhood and Ward Cleaver, the wholesome dad in the 1950s sitcom, Leave It To Beaver. In an interview last evening with Fox News host Martha MacCallum, Kavanaugh sat next to his wife Ashley and did everything just short of singing the refrain “look at me I’m Sandra Dee, lousy with virginity.” Kavanaugh told MacCallum that he was a virgin throughout his high school years and “many years after.” What he focused on at his elite private high school known as Georgetown Preparatory in North Bethesda, … Continue reading
It’s Now Three Women Accusing Kavanaugh with “Significant Evidence” of Gang Rape
By Pam Martens and Russ Martens: September 24, 2018 ~ Yesterday, two of the most trusted reporters in America, Ronan Farrow and Jane Mayer of The New Yorker, reported that Senate Democrats are investigating a second sexual assault allegation against Supreme Court nominee Brett Kavanaugh. The second charge comes from a woman who attended Yale University when Kavanaugh was a freshman there in the 1983-84 school year. The women, Deborah Ramirez, told the reporters that “she remembers Kavanaugh had exposed himself at a drunken dormitory party, thrust his penis in her face, and caused her to touch it without her consent as she pushed him away.” Like Dr. Christine Blasey Ford, the first woman to accuse Kavanaugh of sexually assaulting her when she was 15 and he was 17, Ramirez is also calling for the FBI to investigate the incident. Dr. Ford, a professor in clinical psychology in California, is … Continue reading
Senator Orrin Hatch Calls Kavanaugh Accuser “Mixed Up,” Prior to Hearing Her Testimony
By Pam Martens and Russ Martens: September 18, 2018 ~ Senator Orrin Hatch of Utah, who effectively conducted himself as Clarence Thomas’s attorney instead of as an impartial member of the Senate Judiciary Committee during Anita Hill’s testimony on October 11, 1991, is still using the strategy of “nut-shaming” women who accuse men of sexual misconduct. Yesterday, Hatch, still a member of the Senate Judiciary Committee that holds confirmation hearings for Supreme Court nominees, told reporters that Christine Blasey Ford, who has credibly accused Supreme Court nominee Brett Kavanaugh of sexual assault, is “mixed up.” Adding to the outrage over Hatch’s statement is the fact that he made his “mixed up” remark about Ford before he heard her testimony, which is scheduled to take place before the Senate Judiciary Committee on Monday, with Kavanaugh also invited to testify. In a letter that has been published by CNN, Ford, a research … Continue reading