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Recent Posts
- Jamie Dimon’s Washington Post OpEd Gets Pummeled at Yahoo Finance
- In the Span of 72 Hours, Four People Tied to a Hewlett-Packard Criminal Case Died in Two Separate Events
- Crypto Took Down Another Federally-Insured Bank and Just Handed Its CEO a 24-Year Prison Sentence
- All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels
- New Study Says the Fed Is Captured by Congress and White House — Not the Megabanks that Own the Fed Banks and Get Trillions in Bailouts
- Data from the Fed’s Emergency Funding Program Shows Spring 2023 Banking Crisis Was Far Deeper than Americans Were Told
- These FDIC-Insured Banks Have Lost 69 to 40 Percent of their Market Value Year-to-Date
- Exposure at Hedge Funds Has Skyrocketed to Over $28 Trillion; Goldman Sachs, Morgan Stanley and JPMorgan Are at Risk
- We Charted the Plunge and Rebound in the Nikkei Versus Nomura and Citigroup; the Correlation Is Frightening
- Former U.S. Labor Secretary Says Billionaires Have No Right to Exist Because their Wealth Comes from Five Illegal or Bad Practices
- Citigroup Is Having a Helluva Summer: A Protest on Thursday Will Turn Up the Heat
- Nikkei Has Biggest Drop in History: Here’s What’s Causing the Global Market Selloff
- JPMorgan Is Tapping Illiquid Assets in its Global Collateral Program; the New York Fed Is Paying for Its Services
- Bank Regulators Issue Warnings on Fintech and Banking as Disasters Pile Up
- Donald Trump Gives a Speech on Not Letting China Win the Crypto Race – Not Realizing China Banned Crypto Mining and Transactions Four Years Ago
- The New York Fed Has Contracted Out Key Functions to JPMorgan Chase; We Filed a FOIA and Got These Strange Invoices
- On the Eve of Netanyahu’s Address to Congress, Senator Bernie Sanders Delivers a Breathtaking Assessment of His War Crimes
- Trump’s Sit-Down with Netanyahu at Mar-a-Lago Will Cost U.S. Taxpayers Millions While Profiting Trump’s Business
- Protecting Trump and His Jet-Setting Adult Children During His Presidency Cost Taxpayers Over $1 Billion
- A Congressman and a Doctor Reported a Woman Being Shot at Trump Rally: She’s Vanished from Official Reports
- Jamie Dimon Goes Missing from Earnings Call, After Dumping $183 Million of His JPMorgan Chase Stock Earlier this Year
- U.S. Senate Candidate Backed by Hedge Fund Billionaires Was Sitting in Front Row at Trump Rally as the Sniper Fired into the Bleachers
- Project 2025: The Fossil Fuel and Banking Money Behind the Madness
- The Fund Created to Unwind a Failing Megabank Has a Problem: There’s No Money in It
- Joe Biden Versus the New York Times
- Grand Jury Transcript in Jeffrey Epstein Case Is Released, Raising Questions about Epstein’s Darkest Secrets Being Protected in JPMorgan Cases
- The Supreme Court Crowns a King, Immunizing Future Criminal Acts Under Project 2025 – a Right Wing Manifesto
- The Debate Disaster and the Supreme Court’s “Chevron” Repeal Have a Money Trail Leading to Charles Koch
- Congressman Andy Barr Stacks a Hearing on the Fed’s Stress Tests with Lobbyists for Megabanks
- The Fed Posts Historic Operating Losses As It Pays Out 5.40 Percent Interest to Banks
- Goldman Sachs’ Bank Derivatives Have Grown from $40 Trillion to $54 Trillion in Five Years; So How Did Its Credit Exposure Improve by 200 Percent?
- The Fed and FDIC Wake Up Suddenly to the Threat of Derivatives, Flunking the Four Largest Derivative Banks on their Wind-Down Plans
- Is the Stock Market Setting Investors Up for a Tech Bust Similar to the Dot.com Bust?
- Chase Bank Customers Are Reporting a Wave of Wire Fraud in their Accounts; the Bank Won’t Make Good on the Looted Funds
- The Senate Race in Ohio Is the Sickest in U.S. History in Terms of Billionaire Money from Outside the State
- Sullivan & Cromwell’s Legal Work for Sam Bankman-Fried’s Crypto House of Fraud Is Getting a Closer Look in Two Federal Court Cases
- Crypto Tries to Recreate the Koch Money Machine to Pack Congress with Shills
- French Fears Ignite Selloff in U.S. Megabanks and Foreign Peers
- Crypto Just Got Exponentially More Dangerous: Meet Fairshake
- Nvidia Hit a $3 Trillion Market Cap Last Week; Dark Pools Are Making Over 300,000 Trades in the Stock Weekly
- The Consumer Financial Protection Bureau Is Making Enemies in All the Right Places
- A Former Exec at Citibank Raises Alarm Bells in Federal Court Over Failed Risk Controls Inside the Bank
- Charles Koch’s Money Is Being Used in Elections in Ways Only Orwell Could Have Imagined
- Freakonomics and Frankenbanks: JPMorgan Chase Sucked Up 18 Percent of All Profits of 4,568 FDIC-Insured Banks in the First Quarter
- Academic Study Provides Hard Numbers to the Sick, Revolving Door Culture at Goldman Sachs, JPMorgan and Citigroup
- $244 Billion of Treasury Debt to Hit the Market Today and Tomorrow as Interest Rates Spike on Ballooning Supply
- CFTC Fines J.P. Morgan Securities — a Fed Primary Dealer — $100 Million for Failing to Surveil Potential Spoofing and High Frequency Trading for Eight Years
- Another FDIC-Insured Bank Got in Bed with Fintech; It’s Now Got a Dumpster Fire and Desperate Pleas from Customers for their Money
- Citigroup Gets Fined $79 Million Two Years After It Caused a $300 Billion Flash Crash in European Stock Markets
- After Weeks of Howling by MAGA Republicans for the Chair of the FDIC “to Resign,” a Democrat Delivers the Decisive Stab in the Back
Category Archives: Uncategorized
Shhh! Don’t Tell the Public There Was a Frightening “Glitch” in Stock Markets Yesterday
![Nightly Business Report Had to Guess Where the U.S. Stock Market Closed on August 12, 2019](https://wallstreetonparade.com/wp-content/uploads/2019/08/Nightly-Business-Report-Had-to-Guess-Where-the-U.S.-Stock-Market-Closed-on-August-12-2019-iii.jpg)
By Pam Martens and Russ Martens: August 13, 2019 ~ Where did the U.S. stock market actually close yesterday? It’s pretty much an open question. To give you an idea of just how bad the so-called “glitch” was yesterday, Bill Griffeth, the co-anchor of the CNBC show, the Nightly Business Report, had to deliver this warning to his viewers before reporting the prices of the closing stock market indexes yesterday. “By the way, toward the close, there was a technical issue with trading computers. It’s not clear if all of the volume was reported or if some of the prices of the indexes were affected. You might see different numbers elsewhere but these were the numbers we had of the close today.” (See video below of the program.) Griffeth’s quaint phrase “technical issue with trading computers,” is not accurate. It was not a problem with trading computers but rather the … Continue reading
Jeffrey Epstein’s Death Adds to the JPMorgan Body Count
![Jes Staley](https://wallstreetonparade.com/wp-content/uploads/2019/08/Jes-Staley-iii.jpg)
By Pam Martens and Russ Martens: August 12, 2019 ~ Jeffrey Epstein, the accused pedophile and sex trafficker of underage women to powerful men around the world according to allegations in court documents, was found dead in his jail cell at the Metropolitan Correctional Center in Manhattan on Saturday morning. The Justice Department is reporting the death as a suicide, despite the fact that Epstein should have been monitored by police around the clock because of an earlier attack or attempted suicide just weeks before in his jail cell. Epstein had close ties to JPMorgan Chase. He now joins a dizzying roster of suspicious deaths connected to JPMorgan Chase – particularly among its technology executives, who allegedly jumped to their death from JPMorgan buildings; died in two separate cases of murder-suicides in seven months; died of alcohol poisoning or, in the most recent case of Doug Carucci in March of … Continue reading
Malaysia Indicts 17 of the “Untouchables” at Goldman Sachs
![Malaysia Attorney General Tommy Thomas](https://wallstreetonparade.com/wp-content/uploads/2019/08/Attorney-General-Tuan-Tommy-Thomas-iii.jpg)
By Pam Martens and Russ Martens: August 9, 2019 ~ When it comes to serial and systemic frauds perpetrated by big banks on Wall Street, the U.S. Department of Justice typically punts. It will either not charge the bank itself or it will issue a felony charge along with a non-prosecution agreement that lets the bank settle the charges without a trial. These tactics by the Justice Department are why Wall Street crimes remain serial and systemic in nature. This morning, the Attorney General in Malaysia stunned Goldman Sachs with an indictment of 17 of its former and current executives. That came on the heels of criminal charges filed last December by Malaysian authorities in the same matter against three Goldman Sachs subsidiaries and two former Goldman employees, Tim Leissner and Roger Ng. Indictments announced this morning included charges against Richard J. Gnodde, Goldman’s top international banker in London and … Continue reading
L Brands’ Lawyers Have a Lot More to Worry about than just Jeffrey Epstein
![](https://wallstreetonparade.com/wp-content/uploads/2019/08/Leslie-Wexner-Chairman-and-CEO-of-L-Brands-iii.jpg)
By Pam Martens and Russ Martens: August 8, 2019 ~ The Chairman and CEO of L Brands, Leslie (Les) Wexner, came out yesterday with a statement accusing Jeffrey Epstein of swindling “vast sums of money” from Wexner and his family. L Brands is the parent of retail chains Victoria’s Secret, Bath and Body Works, and Pink. Epstein is the accused sex trafficker and assaulter of dozens of underage girls who has mansions in multiple locations but is currently occupying an 8′ x 8′ jail cell in Manhattan while he awaits trial. Pretty much anyone who was closely connected to Epstein is under some form of investigation, including his sex trafficking co-conspirators who solicited underage girls for him; the Palm Beach County Sheriff’s office that allowed his private limo and driver to pick him up six days a week from his jail cell for a so-called daily 12-hour “work release” program … Continue reading
Central Banks Are in Panic Mode — for Good Reason
![Federal Reserve Building in Washington, D.C.](https://wallstreetonparade.com/wp-content/uploads/2019/08/Federal-Reserve-Building-in-Washington-D.C..jpg)
By Pam Martens and Russ Martens: August 7, 2019 ~ On July 30, 2019, the day before the U.S. central bank, the Federal Reserve, cut interest rates by one-quarter of one percent, the yield on the 10-year U.S. Treasury note closed the day at 2.06 percent. Early this morning, the yield on the 10-year U.S. Treasury stood at 1.65 percent, a stunning decline of 41 basis points in 8 days. A yield evaporation on U.S. sovereign debt that resembles a snow cone in July is not consistent with a strong economy. It is consistent with a seriously sputtering economy and a stock market out over its skis in terms of valuation. In addition to the collapsing yield in the benchmark 10-year, we now have a seriously inverted yield curve with the 3-month T-bill yielding 2.01 percent this morning versus the 10-year T-note yielding 1.65 – a difference of 36 basis … Continue reading
U.S. Financial System Rests on 5 Mega Banks; and They Tanked Yesterday
![](https://wallstreetonparade.com/wp-content/uploads/2019/08/Wall-Street-How-Corrupt-Is-It.jpg)
By Pam Martens and Russ Martens: August 6, 2019 ~ By the closing bell of yesterday’s broad stock market selloff, the Dow Jones Industrial Average, which had been down over 900 points in the afternoon, closed with a loss of 767 points or 2.90 percent. The Standard and Poor’s 500 Index closed even deeper in the red with a loss of 2.98 percent. But those losses looked mild compared to what happened to four of the biggest banks on Wall Street yesterday. Bank of America, parent of the giant retail brokerage chain, Merrill Lynch, closed with a loss of 4.42 percent. Morgan Stanley, which had been pummeled in the big bank selloff in December, lost 3.87 percent while Goldman Sachs was not far behind with a loss of 3.67 percent. The bank with the most foreign exposure and a monster bailout in 2008, Citigroup, which in a fair and efficient … Continue reading
Wall Street to Come Under Scrutiny in September House Hearings
![Congresswoman Maxine Waters](https://wallstreetonparade.com/wp-content/uploads/2019/06/Congresswoman-Maxine-Waters-150x150.jpg)
By Pam Martens and Russ Martens: August 5, 2019 ~ Maxine Waters, the Chair of the House Financial Services Committee, has announced a roster of hearings coming this September. Two of the hearing topics particularly caught our eye as both timely and critical. On Tuesday, September 24, the Committee will hold a hearing titled: “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat.” If Chair Waters wants to really open eyes as to what the SEC has become – Wall Street’s bad cop on the beat – she will invite the following individuals to give testimony that day: James Kidney, Darcy Flynn, Gary Aguirre, and Harry Markopolos. Testimony from these individuals will show that while the SEC has, throughout its history, had dedicated and honest career attorneys who want to stop the crimes and corruption on Wall Street, there always seems to be a roadblock thrown … Continue reading
The New York Fed Bailed Out Financial Gangs on Wall Street and Ended Up Owning a Gang-Riddled Mall in Oklahoma City
![](https://wallstreetonparade.com/wp-content/uploads/2019/08/Timothy-Geithner-Testifying-Before-Senate-Banking-on-April-3-2008-About-the-Bear-Stearns-Bailout-by-the-New-York-Fed-iii100.jpg)
By Pam Martens and Russ Martens: August 2, 2019 ~ On April 3, 2008 Federal Reserve Chairman Ben Bernanke and the President of the Federal Reserve Bank of New York, Tim Geithner, appeared on a panel of witnesses before the U.S. Senate Banking Committee. The subject of the hearing was the Federal Reserve’s unprecedented actions the prior month to bail out the collapsing investment bank, Bear Stearns, and facilitate its purchase by JPMorgan Chase. Putting Bear Stearns into the hands of JPMorgan Chase, now a three-count felon, was like returning a garden snake to a pet store and walking out with a python. The New York Fed had crafted a deal where $30 billion of toxic assets were going to be purchased from Bear Stearns to prevent JPMorgan from bearing the risk of sizeable losses when it took over the firm. The New York Fed put up $28.82 billion in … Continue reading
Bernie, It’s Time to Audit the New York Fed
![New York Fed Headquarters Building in Lower Manhattan](https://wallstreetonparade.com/wp-content/uploads/2019/08/New-York-Fed-Headquarters-Building-in-Lower-Manhattan-iii100-100x150.jpg)
By Pam Martens and Russ Martens: August 1, 2019 ~ On July 21, 2011 the investigative arm of Congress, the Government Accountability Office (GAO), released the first-ever government audit of the Federal Reserve in its 98-year history. The audit came about as a result of the determined efforts of Senator Bernie Sanders to force transparency on the secretive Wall Street bailout actions of the Federal Reserve during the 2008 financial crash and the years that followed. Sanders successfully tacked an amendment on the Dodd-Frank financial reform legislation of 2010 that mandated a top-to-bottom audit of how much the Fed had spent on its bailout and the financial institutions to whom it went. Sanders issued a statement saying this on the day the findings were released: “The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to … Continue reading
Democratic Debate July 30, 2019: Highlights that Sizzled
![Democratic Debate Hosted by CNN, Tuesday, July 30, 2019](https://wallstreetonparade.com/wp-content/uploads/2019/07/Democratic-Debate-Hosted-by-CNN-Tuesday-July-30-2019-150x150.jpg)
By Pam Martens and Russ Martens: July 31, 2019 ~ Last night’s Democratic Debate could have covered all the positions in the field at Yankee Stadium and had one player left over. In fact, the debate roster should have been limited to nine contenders instead of ten because former Maryland Congressman John Delaney was clearly batting for the other team. Time and time again, Delaney sounded like a die-hard Republican. And Delaney was aided and abetted by CNN moderator Jake Tapper, who phrased one question to Senator Bernie Sanders this way: Tapper: “Let’s start the debate with the number-one issue for Democratic voters, health care. And Senator Sanders, let’s start with you. You support Medicare For All, which would eventually take private health insurance away from more than 150 million Americans, in exchange for government-sponsored health care for everyone. Congressman Delaney just referred to it as bad policy. And previously, … Continue reading