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Recent Posts
- Trump’s “Big Beautiful Bill” Is a Grotesque Giveaway to Fossil Fuel Billionaires While Adding $3.3 Trillion to Nation’s Debt
- Senator Chris Murphy Charges that Trump “Has Opened a Channel for Bribery”
- Congressman Casten: Trump’s Assault on the Rule of Law Is Causing Capital Flight Out of U.S. by Foreign Investors
- Trump’s Approval Rating Drops to 80-Year Low; IMF Says U.S. Tariffs Now Exceed the Highs During the Great Depression
- Nasdaq Has Lost More than 3,000 Points Since Trump’s First Full Day in Office in 2025; the Pain Has Barely Begun
- The Bond Crisis Last Week Was a Global No-Confidence Vote in U. S. President Donald Trump
- Trump’s Tariff Plan Guts $5 Trillion in Stock Value in Two Days; Senator Warren Calls for Emergency Action Before Markets Open on Monday
- Trump’s Attacks on Big Law, Universities, and the Media Have a Common Goal: Silence Dissent Against Authoritarian Rule
- Trump Administration Gives All Clear to Laundering Money through Shell Companies and Bribing Foreign Officials
- Four Megabanks on Wall Street Hold $3.2 Trillion in Uninsured Deposits – Which May Explain Senator Schumer’s Pivot to the GOP to Stop a Government Shutdown
- Here’s What Came Crashing Down Yesterday for Trump’s “Genius” Guy, Elon Musk: Tesla Stock, Access to Twitter (X), His Years of Secret Calls with Putin
- After Banning the Associated Press, Trump Is Now Targeting Specific Journalists That He Wants to See Fired
- Closely Watched Atlanta Fed Model Predicts Negative U.S. Growth in First Quarter
- Trump’s Gangster Diplomacy Makes Front Page Headlines Around the Globe
- Who Benefits Alongside Elon Musk If He Succeeds in Killing the CFPB: the Megabanks on Wall Street that Underwrite His Tesla Stock Offerings
- In Trump 1.0, the State Department Used Taxpayer Money to Publish a Book Elevating Elon Musk to a Superhero; It Was Funded by USAID, the Agency Musk Wants to Quickly Shut Down
- News Host Joy Reid Raises Threat of Trump Selling U.S. to Putin; Ten Days Later Her Show Is Cancelled
- Elon Musk’s DOGE Appears to Be Violating a Court Order; It Has Taken Down Hundreds of YouTube Videos that Educate Americans on How to Avoid Being Swindled
- Barron’s Releases Audio of Jamie Dimon Cursing Out His Workers at a Town Hall, as Dimon Plans to Dump Another One Million JPM Shares
- There’s One Federal Investigative Agency that Neither Trump nor Elon Musk Can Touch: It Just Opened an Investigation into DOGE
- Elon Musk’s Companies Were Under Investigation by Five Inspectors General When the Trump Administration Fired Them and Made Musk the Investigator
- Donald Trump Gives the Greenlight to Goldman Sachs and JPMorgan Chase to Return to Bribing Foreign Officials
- After Tech Geeks Built a Back Door to Loot Billions from FTX, Republicans Refuse to Investigate What Elon Musk’s Tech-Squad Did Inside the U.S. Treasury’s Payment System
- Former Prosecutor, Now U.S. Senator, Informs Tesla That CEO Musk May Be Violating Federal Law and to “Preserve All Records”
- Trump’s Hedge Fund Guy Is Now Overseeing the U.S. Treasury, IRS, OCC, U.S. Mint, FinCEN, F-SOC, and the Consumer Financial Protection Bureau
- As Elon Musk Begins Shutting Down Payments to Federal Contractors, a Strange Money Trail Emerges to His Operatives Inside the U.S. Treasury’s Payment System
- JPMorgan Chase Charged by Yet Another Internal Whistleblower with Cooking the Books
- We Asked Google’s AI Search Model, Gemini, Questions About the Fed and Wall Street Megabanks: It Got the Answers Dead Wrong
- With Trump and Melania’s Crypto Coins Likely to Raise Legal Challenges, Why Didn’t Trump Fire the SEC’s Inspector General in His Purge of IGs?
- Fossil Fuel Industry Could End Up Paying Tens of Billions for LA Wildfires and Deceiving the Public on Climate Change for Decades
- It’s Being Called the Biggest Grift by a President in U.S. History: Trump and First Lady Launch their Own Crypto Coins
- Trump Plans to Install a Fracking CEO to Head the Energy Department and Declare a National Emergency on Energy to Gain Vast Powers
- Fossil Fuel Money Played a Role in the Los Angeles Fires and the Push to Install Pete Hegseth as Secretary of Defense
- When It Comes to Wealth Retention in Retirement, Concrete May Be the New Gold
- Wall Street Watchdog Warns “Clock Is Ticking on a Coming Catastrophic Financial Crash”
- Wall Street Is Sending the Same Message to Americans on Fossil Fuel Financing that It Sent on Cigarettes: Drop Dead
- In a Six-Week Span, this Dark Pool with a Curious Past Traded 3.7 Billion Shares
- Wall Street’s Lobby Firm Hired Eugene Scalia of Gibson Dunn to Sue the Fed for Jamie Dimon
- Postmaster General Louis DeJoy Made $561,051 in Compensation in 2024, as Mail Costs Spiked and Delivery Deteriorated
- Fed Chair Jay Powell Sends a Bold Message to Trump and Tanks the Dow by 1123 Points
- The Head of Fixed Income at T. Rowe Price Makes the Scary Case for the 10-Year Treasury to Spike to 6 Percent
- $663 Billion in Cash Assets Have Gone Poof at the Largest U.S. Banks
- Donald Trump to Ring Bell at New York Stock Exchange Today as Hit List Posters Appear in Manhattan Targeting Wall Street CEOs
- Trump Has a Slush Fund to Prop Up the Dollar – Will He Use It to Prop Up Bitcoin Instead?
- A CEO Assassination; a Billionaire Heiress/NYPD Commissioner; a Secret Wall Street Spy Center – Here’s How They’re Connected
- Despite More than 1600 Tech Scientists Signing a Letter Calling Crypto a Sham, Trump Names a Crypto Cheerleader for SEC Chair
- The Fed Rings a Warning Bell: Hedge Funds and Life Insurers Are Reporting Historic Leverage
- Trump’s Nominee for FBI Director, Kash Patel, Has Businesses Financially Intertwined with Trump
- Donald Trump Is at Risk of Getting Named in a Fossil Fuels Conspiracy Lawsuit
- Trump Is Having Difficulty Getting a Lawyer to Accept the Nomination for SEC Chair: Here’s Why
Category Archives: Uncategorized
Jeffrey Epstein Learned His Sexual Depravity from Wall Street; Then Took It to the Next Level

By Pam Martens and Russ Martens: August 19, 2019 ~ From 1976 to 1981, Jeffrey Epstein worked for the Wall Street investment bank, Bear Stearns. Epstein was found dead in his jail cell on August 10 while awaiting trial on charges of sex trafficking of underage girls, dozens of whom he allegedly sexually assaulted after grooming them first with “inappropriate touching.” Bear Stearns collapsed in the early days of the 2008 financial crisis and was purchased by JPMorgan Chase. One of the last acts of Bear Stearns’ CEO, Jimmy Cayne, was to make a $2 million payment to a woman who charged that the legendary Chairman of Bear Stearns, Ace Greenberg, had engaged in “inappropriate touching.” The young woman was said to have had a witness to her charges. In a 2017 report by the New York Times, a former Managing Director of Bear Stearns, Maureen Sherry, reported that “…it … Continue reading
Should This Be Illegal – Banks Recommending a Stock to the Public then Secretly Trading It in their own Dark Pool?

By Pam Martens and Russ Martens: August 16, 2019 ~ The Dow Jones Industrial Average rallied 99.97 points yesterday but the mega Wall Street bank, Citigroup, closed in the red, down 0.15 percent. That decline follows a dramatic loss of 5.28 percent on Wednesday, a day that the Dow was down only 3.05 percent. Citigroup’s closing price yesterday was $61.32. The stock has lost more than 88 percent of its value since 2007, despite its attempt to dress up the share price with a 1-for-10 reverse stock split in 2011, which left its long-term shareholders with 1 share for each 10 shares previously held. Citi’s share price has also been dropping like a rock since July 24 of this year when it closed at $73.01. But that hasn’t triggered a rethink on the part of its competitor banks on Wall Street who have “Buy” or “Overweight” ratings on Citi’s stock … Continue reading
Yesterday’s Market Plunge Shines Harsh Light on Big Banks and their Derivative Counterparties

By Pam Martens and Russ Martens: August 15, 2019 ~ As we’ve previously reported, five mega banks on Wall Street hold the fate of the entire financial system of the United States in their crony, frequently soiled hands. Yesterday’s trading action clearly showed the ugly warts between those banks and their derivative counterparties in the insurance industry. And even though their crony regulator, the Securities and Exchange Commission, allows the banks to trade their own stocks in darkness in their own internal Dark Pools, someone else clearly got the upper hand yesterday. The Dow Jones Industrial Average lost a whopping 800 points or 3.05 percent but each of the five mega banks outpaced the Dow’s losses on a percentage basis. That’s not a good thing when Congress has left the fate of a nation in such perilous hands – especially when those very same banks caused the greatest financial crash … Continue reading
Markets Wake Up to a Dicey Global Economy Outlook; Dow Plunges

By Pam Martens and Russ Martens: August 14, 2019 ~ If you are long stocks, this is one of those mornings when you may be tempted to pull the covers over your head and take a mental health day away from financial news. As of 8:44 a.m. this morning, Dow futures were registering a plunge of 394 points; the big Wall Street bank stocks were down about 3 percent in pre-market trading; news was out in the Eurozone that its largest economy, Germany, had contracted by 0.1 percent in the second quarter. Eurostat further dampened the outlook with a report that “in June 2019 compared with May 2019, seasonally adjusted industrial production fell by 1.6% in the euro area (EA19) and by 1.5% in the EU28.” The drumbeat of bad economic news led to a flight to safety into U.S. Treasuries, with the 30-year Treasury Bond reaching an all-time low … Continue reading
Shhh! Don’t Tell the Public There Was a Frightening “Glitch” in Stock Markets Yesterday

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

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

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

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

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

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