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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
Wall Street Bank CEOs Head for Grilling Tomorrow on Capitol Hill

By Pam Martens and Russ Martens: April 9, 2019 ~ The Democrats are now in charge at the U.S. House of Representatives’ Financial Services Committee and they’re proving that they’re not afraid to take on the legions of Wall Street lobbyists and lawyers in order to do their job for the American people. Tomorrow, Democrats on the Committee will be grilling the CEOs of seven of the largest Wall Street banks. The Republican Committee members, if history is any guide, will be lauding the bankers based on talking points delivered by the banks’ public relations and lobbying firms. Democrats took over the House in January and Congresswoman Maxine Waters became the Chair of the House Financial Services Committee at that time. Waters has served on this Committee for the past 28 years – a period in which she has observed unending frauds against the investing public by the mega banks … Continue reading
Steve Eisman and FrontPoint Were Shorting Wall Street Banks While the Dumb Fed Was Giving FrontPoint Emergency Loans – and that’s not the Worst Part of this Story

By Pam Martens and Russ Martens: April 8, 2019 ~ Steve Eisman is one of the central characters in the Michael Lewis bestselling book, The Big Short. In the movie of the same name, Steve Carell portrays Eisman’s role under the name Mark Baum. During the financial crisis of 2008, Eisman was working for FrontPoint Partners LLC, a hedge fund unit of Morgan Stanley which has been widely acknowledged to have made a boatload of money shorting subprime collateralized debt obligations (CDOs) filled with subprime residential mortgages. In other words, Eisman and FrontPoint were hoping to profit on American homeowners being unable to pay their tricked-up mortgages and being thrown out on the street. But according to Lewis, Eisman was not just shorting subprime drek – he was also shorting the teetering Wall Street banks, which were, by the way, holding trillions of dollars in Federally insured deposits of Moms … Continue reading
Herman Cain, the Kochs and that Creepy Smoking Ad

By Pam Martens and Russ Martens: April 5, 2019 ~ President Donald Trump announced yesterday from the Oval Office that he is recommending Herman Cain for a seat on the Federal Reserve Board of Governors, calling him “a terrific person” and saying “I’ve told my folks that’s the man.” Cain was a presidential contender in the Republican Party in 2011 until sexual harassment charges derailed his bid. Trump’s announcement came just weeks after Trump proposed Stephen Moore for an additional open seat on the Fed. Both Cain and Moore have had close ties to Americans for Prosperity, a corporate front group tied to the Tea Party movement and created with money from the billionaire Koch brothers, Charles and David. The Koch brothers are majority owners of the fossil fuels conglomerate, Koch Industries. Scott Keyes, writing for Think Progress in 2011, reported that “Cain held an official position in the Koch-funded … Continue reading
An Open Letter to Australians: Only Glass-Steagall Can Save You from the Banks

By Pam Martens: April 4, 2019 ~ Dear Engaged Citizens in Australia: As both the interim and final report from your Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has confirmed, the good, decent, hardworking people of Australia are under attack from their own banking system in a manner reminiscent of an attack from a foreign invader that wants to destroy the will and financial resources of the citizens in order to gain absolute control of the country. Americans, more than any other people in the world, can understand and relate to the precarious predicament in which you now find yourselves. The devious vices and devices of your banksters to transfer the meager savings of the common man and woman to their own greedy pockets have been laid bare by your Royal Commission. But just as happened here in the United States following the report of … Continue reading
Bloomberg News Bashes Wells Fargo While Canonizing JPMorgan Chase’s CEO Jamie Dimon, Despite 3 Felony Counts at His Bank

By Pam Martens and Russ Martens: April 3, 2019 ~ Since March 9 of last year, Bloomberg News has published over 80 negative articles on the mega bank Wells Fargo. Some of the more recent headlines are: Wells Fargo CEO Abruptly Steps Down, Succumbing to Scandals; Wells Fargo’s CEO Disputes Claim His Bank Is Too Big to Manage; Elizabeth Warren on Wells Fargo CEO’s Departure: ‘About Damn Time’. Judging by the reporting, one would think that Wells Fargo is either the most dangerous U.S. mega bank or the most criminal. But according to Federal regulators, that distinction goes to JPMorgan Chase. But oddly enough, Jamie Dimon, the Chairman and CEO of JPMorgan Chase, has been canonized by Bloomberg News for years, effectively endorsing him as the all-wise and customer-focused oracle of Wall Street. Wells Fargo has not been charged with a criminal felony count. Jamie Dimon, on the other hand, has … Continue reading
Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

By Pam Martens: April 1, 2019 ~ The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking commercial banks from the trading casinos on Wall Street. In other words, Congress needs to restore the Glass-Steagall Act, which kept the U.S. financial system safe for 66 years until its repeal in 1999. If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street. But because corporate … Continue reading
Is Wall Street Putting Lipstick on IPO Pigs (or Unicorns)?

By Pam Martens: March 29, 2019 ~ According to Bloomberg LLP data crunched by the Financial Times, there are more than 300 companies preparing to launch their first ever publicly traded shares known as an Initial Public Offering or IPO in the U.S. Many of these companies have never seen a dime of profits – a harbinger of bad things to come for investors if history is any guide. The IPO stampede seems more motivated by venture capitalists wanting to lock in profits before another stock market meltdown like that which occurred in December than a sincere effort on the part of Wall Street investment banks to bring companies with solid prospects for survival to help boost American jobs and the U.S. economy. A unicorn is a private company valued at more than $1 billion and there will be a number of unicorns IPOing this year if their backers have … Continue reading
Koch-Funded Group Scrubs Stephen Moore’s History Now That Trump Wants Him on the Fed

By Pam Martens and Russ Martens: March 28, 2019 ~ The Koch brothers funded front group, Americans for Prosperity (AFP), has decided to scrub Stephen Moore’s history from its web site now that Donald Trump has proposed Moore to sit on the powerful central bank of the United States, the Federal Reserve Board of Governors. Google caches of Moore’s extensive history with the organization now lead to error messages. But we know that Moore has been a featured speaker at Americans for Prosperity events around the country since at least 2009 because attendees have posted photos of him speaking at the events and there are also YouTube videos of his speeches. In one YouTube video where Moore spoke at an Americans for Prosperity event in Tulsa, Oklahoma on April 14, 2016, he called AFP “a great, great organization” and said “I’ve been doing a lot of events around the country … Continue reading
Maxine Waters to Put Wall Street Banks Under Microscope at April 10 Hearing

By Pam Martens: March 26, 2019 ~ The House Financial Services Committee, chaired by Democrat Maxine Waters, has announced a hearing scheduled for 9:00 a.m. on Wednesday, April 10, titled Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 Years after the Financial Crisis. The title of the hearing is certain to bring sweat to the brows of the CEOs of the five largest Wall Street banks that still hold monster amounts of derivatives: JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley. Have the CEOs of the mega banks agreed to testify or have they offered up a subordinate to launch a charm offensive at the hearing? Or will it simply be progressive academics opining on how dangerous the banks remain or Koch-funded think tanks arguing for more deregulation of the bloated behemoths? Details on who will testify have not yet been provided. There’s no … Continue reading
Jamie Dimon Laments the Plight of the Poor While His Bank Pays 0.02% on CDs

By Pam Martens and Russ Martens: March 25, 2019 ~ JPMorgan Chase’s CEO, Jamie Dimon, gave a CNN interview last week in which he said that the U.S. economy is “fundamentally anti-poor.” Two weeks before that, Dimon boasted in an OpEd for CNN that was co-authored by his fellow Board Member, Mellody Hobson, that the bank was doing all kinds of wonderful things to address the wealth gap among African Americans in the U.S. Under Dimon’s tenure as top dog of JPMorgan Chase over the past 13 years, the bank has excelled at settling its crimes on the cheap, launching a big public relations offensive, then being charged with more crimes, settling on the cheap, and spending more on its public relations offensive to massage both the bank’s and Dimon’s reputation. Many of the charges against JPMorgan Chase relate directly to ripping off Americans who can least afford it. In … Continue reading