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Recent Posts
- Bank of America’s Unrealized Losses on HTM Debt Securities Total $106 Billion; 34 Percent of All Such Unrealized Losses Reported by 4,645 Banks
- The Perfect Storm Hits Big Banks: Tumbling Deposits, Rising Unrealized Losses, and Higher-for-Longer Interest Rates
- Meet the Banking Cartel that Is Planting the Seeds for the Next Banking Panic and Bailout
- Lobbyists Grab Control at House Financial Services Hearings, Backing Jamie Dimon’s Push to Gut Higher Capital Proposals
- Professors Point to JPMorgan Chase as Poster Boy of a Financial System Dependent on Corruption to Sustain Itself
- Another FDIC-Insured Bank Is Teetering, Closing at 27-1/2 Cents Yesterday, Down 96 Percent in a Year
- JPMorgan’s Pampered Client, Jeffrey Epstein, Broke a Lot More Laws Than Just Sex Trafficking of Minors
- Grab an Easy Chair and Watch 21 Experts Explore the Path from the Collapse of Lehman Brothers to This Spring’s Banking Crisis to the Urgency of Defanging the Mega Banks
- FDIC Releases a New Problem Bank List: It’s an Exercise in Fantasy
- Senate Banking to Convene Hearing Today on Climate Crisis Becoming a Homeowners Insurance Crisis
- Study Finds 75 Percent of U.S. Banks Didn’t Hedge Interest Rate Risk; Unrealized Losses on Securities $516 Billion at End of First Quarter
- A JPMorgan Court Filing Shows Another Bank Exec Visited Jeffrey Epstein’s Sex-Trafficking Residences 13 Times – Two More Times than Jes Staley
- Latest Grifting by Supreme Court Justice Clarence Thomas Is Just Tip of the Iceberg
- The SEC and DOJ Are Doing Damage Control for 5-Count Felon JPMorgan Chase
- Follow the Money Trail that Got Unknown Ramaswamy in a Nationally-Televised Republican Presidential Debate
- Gary Gensler’s SEC Is Drawing a Dark Curtain Around Child Sex Trafficker Jeffrey Epstein, His Money Man Leslie Wexner and Their Ties to JPMorgan
- Deposits at the 25 Largest Banks Are Setting Lower Lows as Smaller Bank Deposits Set Higher Highs
- S&P Downgrades Credit Ratings on Five Banks, Puts Three Others on Negative Outlook
- New Court Documents Suggest the Justice Department Under Four Presidents Covered Up Jeffrey Epstein’s Money Laundering at JPMorgan Chase
- Giuliani Was in the Running to Be Trump’s Attorney General. His Authoritarian Rule as Mayor Suggests a Nightmare Outcome
- Mega Banks Take Down Stock Prices after a Fitch Warning About a Possible Downgrade to JPMorgan Chase and Its Peers
- Wall Street Mega Banks and Their Disgraceful Bailout Charts Since the Repeal of the Glass-Steagall Act in 1999
- Judge Jed Rakoff Has Regularly Dined in the Past with the Chairman of the Law Firm that Just Got a Big Win in His Court in the JPMorgan Sex Trafficking Case
- WeWork’s Stock Imploded to 13 Cents Yesterday; Its Cult-Master, Adam Neumann, Cashed Out Years Ago and Is a Billionaire
- Jamie Dimon Faces an Uphill Battle Convincing a Jury He Didn’t Know that Child Sex-Trafficker, Jeffrey Epstein, Was Financing His Operation Out of JPMorgan
- Moody’s Cuts Credit Ratings on 10 Banks; Places 4 of the 15 Largest Banks in U.S. on Review for Possible Downgrade
- The 25 Largest U.S. Banks Are Seeing the Largest Fall in Deposits in 38 Years With No Signs of Letting Up
- The Fitch Downgrade of U.S. Debt: What You Need to Know
- Former FBI Agent Prepared to Testify that JPMorgan Had Jeffrey Epstein Account for 28 Years – Not 15 Years – and “Impeded” Criminal Investigation of Epstein
- The Stock of Kidney Dialysis Firm, DaVita, Has Soared 2,500 Percent Since 1996; a New Book Reveals the Dangerous Cult Behind the Rise
- NYS Regulator Fined Deutsche Bank $150 Million Over Ties to Jeffrey Epstein but Says It Doesn’t Have a Scrap of Paper on JPMorgan and the Sex Trafficker
- Court Filing: JPMorgan Chase “Actively Participated in Epstein’s Sex-Trafficking Venture”
- Trillions of Dollars in Uninsured Deposits Are Now a Serious Albatross Around the Necks of the Mega Banks on Wall Street
- This Chart Shows How Wall Street Banks and the Fed Have Become a Match Made in Hell
- JPMorgan Chase Has Bled $230.6 Billion in Deposits Since Q1 2022, With Declines in 5 of the Last 6 Quarters
- Goldman Sachs’ Workers Have Screamed for Help in Lawsuits, Pitch Decks and the OpEd Page of the New York Times
- Swiss Government Plans to Lock Away Secrets on Credit Suisse Collapse for 50 Years
- JPMorgan Listed a “Lolita’s Closet” on the New York Stock Exchange for Jeffrey Epstein’s Money Man, Les Wexner
- JPMorgan Chase Files a Notice of Appeal in Jeffrey Epstein Victim Case It “Settled” for $290 Million
- Senator Elizabeth Warren Slams Treasury Secretary Yellen and Bank Regulator Hsu for “Courting Disaster” on Bank Mergers
- Gallup Poll: Confidence in U.S. Banks Stood at 60 Percent in 1979. Today, It Stands at 26 Percent.
- Lawsuit Bombshell: Sex Trafficker Jeffrey Epstein Was “a Business Partner” with Members of JPMorgan’s Board of Directors
- Large Banks Have Bled $921 Billion in Deposits Since April 2022 — the Fastest Pace in 40 Years — and a Much Larger Decline than Small Banks
- These Charts Show Why the Fed Is Terrified to Stop Raising Interest Rates and Why Nasdaq Is Ripping Higher
- Apple Hits $3 Trillion Market Cap After Spending More than Half a Trillion Dollars on Stock Buybacks Since 2013
- Tragic Death of JPMorgan Board Member Adds to the Bank’s String of Unusual Deaths
- This is the Bank Chart that Is Alarming Fed Insiders
- Lawyers for Epstein’s Victims Ask for $87 Million in Legal Fees from the $290 Million JPMorgan Settlement; Victims Could Get Nothing after Releasing their Claims
- JPMorgan Had a Secret Project that Is Now Spreading Its Scandalous Internal Emails with Sex Trafficker Jeffrey Epstein to News Outlets Worldwide
- Wall Street’s Most Dangerous Derivative Secrets Are Hiding in Plain Sight in a Regulator’s Report
Search Results for: koch
Meet Marc Short, the Former Koch Exec Who Has Now Testified Before a Grand Jury Investigating the January 6 Attack

By Pam Martens and Russ Martens: July 27, 2022 ~ Mainstream media has been abuzz over the past two days that Marc Short, the Chief of Staff to former Vice President Mike Pence, has testified under subpoena before a grand jury convened by the U.S. Department of Justice, which has now broadened its investigation of the January 6 attack on the Capitol to the masterminds. But is that really the headline? We think the real headline is that Marc Short was previously an executive at the fossil fuels conglomerate Koch Industries, a private company run by billionaire Charles Koch who has been setting up political front groups for four decades. Short went on to become President of a Koch-related dark money group called Freedom Partners from 2011 to 2016. Freedom Partners plowed hundreds of millions of dollars into political operations in an effort to put fossil fuel friendly pawns in Congress … Continue reading
The Supreme Court’s EPA Decision Is One More Win for Charles Koch’s Dystopian America

By Pam Martens and Russ Martens: July 1, 2022 ~ Imagine a country that allows a private fossil fuels conglomerate (or its billionaire boss, Charles Koch, the 17th richest person in the world according to Forbes) to get away with the following: Meet secretly with big political donors twice a year to plot a coordinated strategy to put their chosen people in public office; Meet at his private club with a sitting Supreme Court justice who will then rule on key legislation that benefits his interests; Fund an organization that then sluices money to the wife of the Supreme Court Justice; Run a highly sophisticated voter registration database, data mining and get-out-the-vote operation called i360, in order to pack Congress with people who will pursue an antiregulatory agenda; Install dozens of its lawyers and operatives into the highest offices of the federal government; Run a sprawling, opaque trading operation that could … Continue reading
The Glue that Connects Jeffrey Clark, John Eastman, Ginni Thomas, and the Guy Who Was Air-Dropped into the DOJ, Is Charles Koch’s Money

By Pam Martens and Russ Martens: June 28, 2022 ~ In September 1999 the U.S. Department of Justice filed racketeering charges against the major tobacco companies and two of their front groups. The court filings in that case carefully pieced together a half century of conspiratorial conduct and lies that gravely harmed the health of the American people, while lining the pockets of the tobacco industry, its lawyers and its paid shills. The January 6 Select House Committee has that same, once-in-a-lifetime power in its hands. But that window of opportunity will close soon. The January 6 Committee can connect all the dots of the attempted coup leading to the doorstep of Charles Koch and expose his four decades of establishing front groups to shill for the fossil fuels industry and anti-climate change groups, or it can present a false and narrow view that this was all about the ego and … Continue reading
The Money Trail to the Ginni Thomas Emails to Overturn Biden’s Election Leads to Charles Koch

By Pam Martens and Russ Martens: March 28, 2022 ~ The Washington Post’s Bob Woodward and Bob Costa of CBS News have unleashed a fury of renewed interest in the work of the House Select Committee investigating the January 6 attack on the Capitol. Last Thursday, Woodward and Costa set off a political firestorm when they released the contents of emails that Ginni Thomas, wife of the sitting Supreme Court Justice, Clarence Thomas, had sent to President Donald Trump’s Chief of Staff, Mark Meadows, in 2020, urging him to overturn the Biden election win and attempting to steer his efforts in that regard. A total of 29 emails were obtained by Woodward and Costa, with the bulk of the emails occurring in just the month of November 2020, raising questions as to how many more emails are still out there from Thomas to the White House from December 1, 2020 through … Continue reading
President of Koch-Funded Group Says “Ukraine Doesn’t Matter to America’s Security…” as Koch Says It Will Keep Running Businesses in Russia

By Pam Martens and Russ Martens: March 18, 2022 ~ On March 8, Wall Street On Parade reported that despite announcements by British Petroleum (BP), Shell and ExxonMobil that they were cutting business ties to Russia in response to Russia’s brutal invasion of Ukraine, another oil conglomerate, Koch Industries, remained silent. Koch Industries is the privately-owned cash cow that has fueled the infamous “Koch Brothers” creepy intrusions into every nook and cranny of American politics, using labyrinthine layers of well-financed front groups. The oldest brother, Charles Koch, whose personal wealth is estimated at $53 billion according to Forbes, remains at the helm of Koch Industries and a sprawling political power base. David Koch died in 2019. Koch front groups also played a pivotal role in the attack on the Capitol on January 6, 2021 in an effort to keep Russian President Vladimir Putin’s admirer, Donald Trump, in the White House. See: … Continue reading
As BP, Shell, ExxonMobil Announce Cutting Ties to Russia, Oil Baron Charles Koch Remains Silent About His Sprawling Russian Operations

By Pam Martens and Russ Martens: March 8, 2022 ~ British Petroleum (BP), Shell, ExxonMobil and Norwegian oil and gas producer, Equinor, have all released statements indicating they are severing business ties with Russia in response to its invasion of Ukraine. But billionaire oil baron Charles Koch, who has sat at the helm of Koch Industries for more than half a century, has been unusually quiet about his plans for his sprawling Russian operations. According to Koch Industries, one of the largest private corporations in the world, three of its companies operate in Russia: Molex, a manufacturer of semi-conductors, printed circuits, fiber optics and a multitude of other electrical components; Koch Engineered Solutions, which makes process and pollution control equipment; and Guardian Industries, a glass and auto parts manufacturer. Another unit of Koch Industries, Koch Supply and Trading, has a history of trading Russian oil. Guardian Industries’ division, Guardian Glass, has … Continue reading
The Dark Money “Ring” of Charles Koch and Leonard Leo Gets an Airing Before the U.S. Senate – Followed by a Mainstream Media News Blackout

By Pam Martens and Russ Martens: March 15, 2021 ~ Last Wednesday, March 10, a Subcommittee of the Senate Judiciary Committee held a hearing of critical importance to every American on the growing tsunami of dark money that is corrupting the U.S court system, up to, and including, the U.S. Supreme Court. Senator Sheldon Whitehouse (D-RI), who has written extensively on the corrupting influence of dark money on American democracy, chairs that Subcommittee on Federal Courts, Oversight, Agency Action and Federal Rights. One would have thought that every major print and broadcast news outlet would have covered that hearing. Instead, the silence was deafening and smacked of censorship. The one peep that was heard from a major news outlet was a snarky attack on Whitehouse himself on the day of the hearing by the corporatized, right-wing Editorial Board of the Wall Street Journal, part of the Rupert Murdoch empire. The “Editorial … Continue reading
The Kochtopus Is Betting Billions in the Stock Market: Is There a Case for Systemic Risk?

By Pam Martens and Russ Martens: March 9, 2021 ~ Front groups with long-term histories of funding from billionaire Charles Koch and his related entities have taken a keen interest in Congressional hearings into the manipulative trading action in the shares of GameStop, a struggling brick-and-mortar video game retailer. The Cato Institute maneuvered a seat for itself at a House Financial Services Committee hearing on the matter in February and the Mercatus Center will have a seat at today’s Senate Banking Committee hearing. Shares of GameStop soared from $18.84 on December 31 of last year to an intraday high of $483 on January 28 – an unprecedented run of 2,465 percent in four weeks. The stock price then quickly plunged and is now making a second comeback rally, closing yesterday up 41.21 percent at $194.50. Behind the scenes of this wild trading action has been a decidedly perverse trading model. … Continue reading
Senate Banking Committee Sets GameStop Hearing for Tuesday; Koch Money Pops Up Again

By Pam Martens and Russ Martens: March 8, 2021~ We’re starting to see a pattern. When the House Financial Services Committee held its February 18 hearing on the wild, manipulative trading patterns in shares of GameStop, a right-wing front group funded with Koch money sent a surprise witness to testify. The front group was the Cato Institute, which was secretly owned by Charles and David Koch and a handful of men through much of its history. Tomorrow, the Senate Banking Committee will hold its own hearing on the GameStop matter and one of the five witnesses called to testify hails from another bastion of Koch money, influence and dubious history. The witness we’re referring to is Andrew (Andy) Vollmer, a Senior Affiliated Scholar with the Mercatus Center. It’s a safe bet this witness wasn’t invited by the Chair of the Committee, Sherrod Brown, a Democrat from Ohio, but was invited by … Continue reading
Will Senator Toomey Engage in Koch-Speak at Today’s Senate Confirmation Hearing?

By Pam Martens and Russ Martens: March 2, 2021 ~ The Senate Banking Committee will convene today to conduct confirmation hearings for President Joe Biden’s nominees to fill two key Wall Street watchdog posts: Gary Gensler to Chair the Securities and Exchange Commission (SEC) and Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB). As a result of Democrats taking control of the Senate, Sherrod Brown, a Democrat from Ohio, is the new Chair of the Senate Banking Committee. Curiously, however, the prior Republican Chair of the Senate Banking Committee, the mild-mannered Mike Crapo of Idaho, is not the Ranking Member of the Committee. He has been replaced by a man far more likely to engage in aggressive Koch-speak, Republican Senator Pat Toomey of Pennsylvania. (Toomey was all set to become the new Chair of the Senate Banking Committee but then things went south in Georgia and Democrats picked … Continue reading