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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
If You’re Looking for Private Capital for Your Business, This Book’s for You
![](https://wallstreetonparade.com/wp-content/uploads/2019/01/Judy-Robinett-150-150x150.jpg)
By Pam Martens: January 28, 2019 ~ There’s a new book coming on February 5 from the HarperCollins Leadership imprint – and it’s a critical subject for every American, even if you’ve never before thought about starting your own business. That’s because America is losing its dynamism in creating new businesses, as we’ll discuss later in this article. Written by Judy Robinett, Crack the Funding Code: How Investors Think and What They Need to Hear to Fund Your Startup is the how-to guide for young business owners to tap into private capital sources like angel investors or venture capitalists. There are key sections in the book on how to find the people who can help you, how to write a solid business plan, financial statement and projections, and a compelling pitch. Equally important for the unsophisticated but creative entrepreneur, the book offers sound advice on hiring a lawyer to evaluate … Continue reading
Bad News for Deutsche Bank Is Bad News for Wall Street and Trump
![Deutsche Bank Headquarters in Frankfurt, Germany](https://wallstreetonparade.com/wp-content/uploads/2016/10/deutsche-bank-150x150.jpg)
By Pam Martens and Russ Martens: January 23, 2019 ~ There’s a troubling story out this morning at Bloomberg News indicating that the Federal Reserve “is examining how Deutsche Bank AG handled billions of dollars in suspicious transactions from Denmark’s leading lender [Danske Bank], according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever.” The story is troubling because (a) probing potentially criminal money laundering is the job of the Justice Department which can impose criminal charges, not the job of the Fed which cannot; and (b) the Fed is notorious for slapping knuckles and imposing small fines. The Fed’s New York regional bank, which plays an outsized role in the Federal Reserve system, is a deeply conflicted regulator. And, let’s not forget that it was the Fed that secretly funneled $16.1 trillion of almost zero interest loans to the global banks … Continue reading
The Silence on Wall Street’s Dark Pools Is Deafening
![](https://wallstreetonparade.com/wp-content/uploads/2018/07/Citi-Dark-Pools-Puzzle-Thumbnail-150x96.jpg)
By Pam Martens: January 21, 2019 ~ It is destined to go down as one of the greatest journalistic and regulatory failures of our time – the lack of serious attention by investigative business reporters and the U.S. Department of Justice to the glaring fact that the largest Wall Street banks continue to trade their own and each other’s bank stocks in their own Dark Pools. Dark Pools function as unregulated stock exchanges inside the bowels of the largest Wall Street banks. Making the situation even more dicey, some of the big banks own more than one Dark Pool, raising the possibility that there could be cross-trading between those pools to artificially inflate or depress stock prices. JPMorgan Chase owns two Dark Pools; Citigroup currently owns at least two although it owned a lot more in the past; Morgan Stanley owns three; and then there is the Dark Pool that … Continue reading
Former SEC Attorney James Kidney Is Captured Regulators’ Worst Nightmare
By Pam Martens: January 18, 2019 ~ A jaw-dropping video of a lecture James Kidney delivered at Lake Forest College outside of Chicago on October 12 arrived in our incoming email last Friday. The courage and frankness of that lecture took our breath away. It has also, no doubt, caused major ripples among the top brass at what is supposed to be the nation’s most formidable Wall Street cop, the Securities and Exchange Commission (SEC). In the lecture, Kidney calls the leadership of the SEC when he worked there “self-serving cowards” who didn’t go after the higher ups on Wall Street following the crash of 2008 because they were simply “looking to move on, to return to their Wall Street job.” (We don’t think much has since changed at the SEC. See SEC Nominee Has Represented 8 of the 10 Largest Wall Street Banks in Past Three Years.) Kidney was … Continue reading
John Bogle’s Bombshell Gift to Americans
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By Pam Martens: January 17, 2019 ~ The legendary John Bogle passed away yesterday in Bryn Mawr, Pennsylvania. He was 89. Bogle was the founder of Vanguard Group. In announcing his death, Vanguard said that Bogle “introduced the first index mutual fund for investors and, in the face of skeptics, stood behind the concept until it gained widespread acceptance; and he drove down costs across the mutual fund industry by ceaselessly campaigning in the interests of investors.” We’ll always remember Bogle for the courage he demonstrated on April 23, 2013 when he appeared on the PBS program Frontline. Bogle dropped the bombshell that Wall Street has attempted to hide for half a century: If you work for 50 years and receive the typical long-term return of 7 percent on your 401(k) plan and your fees are 2 percent, almost two-thirds of your account will go to Wall Street. Bogle explained the math … Continue reading
Mucking through the Wall Street Banks’ Earnings This Week
![](https://wallstreetonparade.com/wp-content/uploads/2018/07/Wallstreet-Bull-Thumbnail-150x114.jpg)
By Pam Martens: January 15, 2019 ~ If you’ve ever mucked horse stalls full of smelly manure, you’re better prepared for this week. Yesterday, the inscrutable Citigroup ushered in the week of mind-numbing fourth-quarter earnings reports from the financial supermarkets/commercial banks/insurance companies/brokerage firms/investment banks/derivative warehouses that have combined under one highly combustible roof, using the simple moniker Wall Street bank. There is so much going on under one roof that you’d need your own team of 100 accountants to have any clue as to whether the bank is doing well or not. JPMorgan Chase, a component of the Dow Jones Industrial Average, was out with its disappointing earnings this morning. Goldman Sachs and Bank of America report on Wednesday, followed by Morgan Stanley on Thursday. Citigroup’s big reveal was that it had missed analysts’ revenue expectations by half a billion dollars – not exactly small change. The bank reported $17.1 … Continue reading
A Wall Street Felon and High Frequency Traders Announce Plan to Form Stock Exchange
![New York Stock Exchange Trading Floor](https://wallstreetonparade.com/wp-content/uploads/2018/08/New-York-Stock-Exchange-Trading-Floor-300pix-150x150.jpg)
By Pam Martens: January 9, 2019 ~ A group of nine financial firms, including an admitted felon and two high-frequency trading powerhouses, announced this week that they plan to open a national stock exchange to compete head on with the New York Stock Exchange and the Nasdaq. We’ll detail those players shortly but first some necessary background to explain why this plan must never come to fruition. Yes, our two major stock exchanges are a viper’s nest of conflicts of interest and in desperate need of reform, but this motley crew can only make matters worse. Following the 1929 stock market crash, the U.S. Senate conducted three years of hearings into the brazen self-dealing and rigged trading by the major Wall Street firms that resulted in an epic crash that eventually erased 90 percent of the stock market’s value, led to the collapse of thousands of banks, and brought on the … Continue reading
A Closer Look at Why Mnuchin Called the Big Wall Street Banks to Check on Liquidity
![](https://wallstreetonparade.com/wp-content/uploads/2017/06/Steven-Mnuchin-Is-Sworn-In-as-U.S.-Treasury-Secretary-by-Donald-Trump-on-February-13-2017-150x150.jpg)
By Pam Martens: January 7, 2019 ~ On Sunday, December 23, 2018, the sitting U.S. Treasury Secretary, Steve Mnuchin, lit up the airwaves with the announcement on his Twitter page that he had “convened individual calls with the CEOs of the nation’s six largest banks.” The Tweet went downhill from there. The Tweet attached a press release from the U.S. Treasury’s Office of Public Affairs which named the six banks and their CEOs involved in the calls. They were Brian Moynihan, Bank of America; Michael Corbat, Citigroup; David Solomon, Goldman Sachs; Jamie Dimon, JPMorgan Chase; James Gorman, Morgan Stanley; and Tim Sloan at Wells Fargo. Mnuchin said he asked the bank CEOs about their liquidity to fund regular operations and they told him they had “ample liquidity.” Let’s pause right there for a moment. These are the same Wall Street banks that brought the U.S. financial system to its knees … Continue reading
In 2019, Wall Street Banks Will Determine the Future of America
![](https://wallstreetonparade.com/wp-content/uploads/2015/10/New-York-Stock-Exchange-150x150.jpg)
By Pam Martens: January 2, 2019 ~ Inevitably, investors get the kind of Wall Street they demand and deserve. That’s a paraphrase of the French philosopher Joseph de Maistre’s view on an engaged or unengaged citizenry: “Every nation gets the government it deserves.” As groggy Americans arise this morning to face the reality that their holiday escapism is over and it’s back to the grind of work and daily doses of White House tyranny and dysfunction, at 8:00 a.m. Dow futures were pointing to an approximate 300 point drop at the open of trading in New York following the worst December for stocks since the Great Depression. In short, Americans have gotten both the stock market and the government they deserve for failing to meaningfully reform both following the epic 2008 financial crash which pointed so clearly to unprecedented corruption on Wall Street and within the corridors of power in … Continue reading
Publishing at Wall Street On Parade Has Been Interrupted Due to Family Health Issues
Thank you for your emails of encouragement and concern. We plan to keep the site alive and return to publishing in the future.