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Recent Posts
- Three Megabanks Had Loans Outstanding of $1.832 Trillion to Giant Hedge Funds on March 31
- 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
Category Archives: Uncategorized
An Open Letter to Fellow Americans on the 242nd Anniversary of our Nation
![](https://wallstreetonparade.com/wp-content/uploads/2018/07/Statue-Of-Liberty-With-Tear-150pix-150x150.jpg)
By Pam Martens and Russ Martens: July 4, 2018 ~ Happy Independence Day. Or not. Today marks the 242nd anniversary of America adopting the Declaration of Independence and throwing off the yoke of King George III – the tyrant against whom much of our founding document was written. These are among the charges that the crafters of this historic document leveled against the King: “He has refused his Assent to Laws, the most wholesome and necessary for the public good… “He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries… “For cutting off our Trade with all parts of the world… “For depriving us in many cases, of the benefits of Trial by Jury…” Now consider where we Americans stand today. Within six months of assuming the most powerful position in the world, President Donald Trump, who … Continue reading
Warnings Grow About the Next Stock Market Crash
![Piggy Bank Thumbnail](https://wallstreetonparade.com/wp-content/uploads/2018/06/Piggy-Bank-Thumbnail-150x114.jpg)
By Pam Martens and Russ Martens: July 3, 2018 ~ Here’s the thing about stock market bubbles: they can last far longer than even expert analysis suggests they should. But correctly defining a stock market as an unsustainable bubble is still a worthy exercise since it clarifies how much one stands to lose when the bubble does eventually pop. One of the market watchers who is unabashedly calling for a major market correction – potentially in the realm of 60 percent from peak to trough – is John P. Hussman, President of Hussman Investment Trust. In his most recent market commentary, Hussman writes: “Unlike much of the recent bull market, present market conditions reflect not only extreme valuations (including a full syndrome of overvalued, overbought, overbullish features), but also divergence and dispersion in our measures of market internals. It’s that deterioration in market internals that threatens to unleash the beast … Continue reading
As Crime Soars on Wall Street, Its Top Cop Launches a PR Offensive
![SEC Chair Jay Clayton](https://wallstreetonparade.com/wp-content/uploads/2018/07/Jay-Clayton-150x150.jpg)
By Pam Martens and Russ Martens: July 2, 2018 ~ Wall Street’s top cop, Securities and Exchange Commission Chair Jay Clayton, will embark on a four-city Town Hall type event with retail investors beginning next Monday, July 9. The cities targeted will be Miami, Washington D.C., Philadelphia and Denver. The SEC says it wants to hear first-hand about retail investors’ experiences with their investment advisers. That announcement came from the SEC on Friday. On Monday of the previous week, Clayton delivered a speech on improving the Wall Street culture at a full day symposium held by the New York Fed — an institution whose culture has also been deeply compromised by Wall Street. (See Is the New York Fed Too Deeply Conflicted to Regulate Wall Street?) The low point of Clayton’s speech came in the opening minutes when he lavished praise on the scandal-laced tenure of the President of the … Continue reading
The Fed Gives Wall Street Banks Okay to Prop Up Their Stock Prices
![Fed Chairman Jerome Powell](https://wallstreetonparade.com/wp-content/uploads/2018/06/Powell-II-11-150x150.jpg)
By Pam Martens and Russ Martens: June 29, 2018 ~ The U.S. Federal Reserve, the country’s central bank that is supposed to serve the interests of the nation, gave the largest Wall Street banks a big, irresponsible gift yesterday. The big banks will now be able to spend approximately $170 billion buying back their own stock and paying out increased dividends to shareholders instead of doing what banks are supposed to do: make loans to worthy businesses to stimulate the U.S. economy. But don’t expect to find that critical news on the front page of your local newspaper. The front pages of newspapers across America proved once again today that chaos in the running of the Federal government is dominating news reporting while it continues to relegate to the back pages the alarming risks that are growing again on Wall Street. This raises the question as to whether the chaos … Continue reading
Here’s What Else Isn’t Normal: The Stock Market
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By Pam Martens and Russ Martens: June 28, 2018 ~ There’s an old maxim on Wall Street that says “the trend is your friend.” It’s sort of like Newton’s first law of motion, frequently expressed as “An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force.” Today, there is an unusually “unbalanced” factor weighing on everything we previously took for granted about our democracy and our American values. Does it also have its fingers in the U.S. stock market? Yesterday morning at 6:30 a.m. the Dow Jones Industrial Average e-mini futures contract was showing a loss 107 points. That loss continued to grow gradually. By 7:15 a.m. the futures were showing a loss of 122. But that trend turned out not to be your friend. By 8:14 a.m. the … Continue reading
Will the Fed Land the One-Two-Three Punch to the Markets
![](https://wallstreetonparade.com/wp-content/uploads/2018/06/Powell-Thumbnail-150x137.jpg)
By Pam Martens and Russ Martens: June 27, 2018 ~ Despite President Donald Trump’s leanings toward authoritarianism, he is likely to learn a hard truth this year and next – that the Federal Reserve can make or break his presidency by delivering up to three different gut punches to the markets, which are very likely to spill over into the economy. And without a good economy, even Trump’s most fervent supporters may begin to doubt his omnipotence. For starters, next Monday the Federal Reserve is scheduled to shrink its purchases of U.S. Treasury securities and Federal agency debt and mortgage-backed securities by another $10 billion a month, from a shrinkage of $30 billion to $40 billion. And by October 1 of this year, the Fed will move from draining $40 billion a month from the markets to draining $50 billion, according to its previously announced schedule. (See chart below.) At … Continue reading
The Yield Curve Makes Headlines – But What Does It Mean for Your Finances?
![](https://wallstreetonparade.com/wp-content/uploads/2018/06/10-Year-Thumbnail-150x60.jpg)
By Pam Martens and Russ Martens: June 26, 2018 ~ Over the past week, everyone from the New York Times to Mother Jones is writing about the yield curve – a topic previously considered so esoteric by newspaper editors that only an economic nerd of a reporter would dare suggest writing a story about it. The concern today is that the yield curve (a measure of short, intermediate and long-term interest rates) is getting very close to inverting. An inverted yield curve occurs when short rates are higher than longer term rates. Under normal circumstances, an investor should be rewarded with a higher yield for taking greater risk in buying a longer-dated bond since future inflation would erode his purchasing power from the interest payments on the longer bond over time. At Wall Street On Parade, we’ve been calling our readers’ attention to what’s happening with the yield curve since … Continue reading
Meet the Couple Who Facilitated Trump’s Order to Snatch Kids from Parents
![](https://wallstreetonparade.com/wp-content/uploads/2018/06/Juan-J.-Sanchez-CEO-of-Southwest-Key-Program-ii-150x150.jpg)
By Pam Martens and Russ Martens: June 25, 2018 ~ Southwest Key Programs first gained national media attention when Senator Jeff Merkley of Oregon traveled to Brownsville, Texas on June 3 and attempted to enter one of its Federally-funded facilities to check on the immigrant children who had been forcibly taken from their parents under a Trump administration policy called “zero tolerance.” Southwest Key called the police on Merkley and denied him entry. Under the policy that was fully implemented in early May by the Trump administration, even immigrant parents fleeing violence in Central America, with a previous lawful right to seek an asylum application in the U.S., were being incarcerated and having their children and infants as young as three months old forcibly taken from them. Over 2,000 children currently remain separated from their parents as a result of this policy. After enormous public outcry and medical professionals stepping forward … Continue reading
America Searches For Its Soul in Magazine and Newspaper Covers
![](https://wallstreetonparade.com/wp-content/uploads/2018/06/New-Yorker-Cover-Thumbnail-150x150.jpg)
By Pam Martens and Russ Martens: June 21, 2018 ~ This past week has seen the worst of an American President in modern history and the best of America’s free press. From MSNBC’s almost non-stop coverage of the child abuse inherent in Trump’s policy to incarcerate children and take infants as young as three months old from their immigrant parents at the U.S. southern border to ProPublica’s release of the stunning tape recording of crying, traumatized children calling out for their “Moma” and “Papa” inside a “tender age” detention center, to searing newspaper editorials and OpEds, it has been a week where we can take courage from the fact that America’s press cannot be bullied into the cult-like submission to Trump that has engulfed so many of the Republican members of Congress. Above and below, we highlight three of the media graphics that have accompanied this invigorated search for America’s soul … Continue reading
24 Hours of Unprecedented News on Trump’s War on Immigrant Children
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By Pam Martens and Russ Martens: June 21, 2018 ~ Over the past 24 hours, everyone from the Pope to Fox TV producers to foreign leaders like U.K. Prime Minister Theresa May to top corporate CEOs like Apple’s Tim Cook to U.S. airlines (who learned they had unwittingly transported snatched children hundreds of miles away from their parents) spoke out in condemnation of President Donald Trump’s inhumane policy to forcibly remove children and toddlers and babies as young as three months old from their immigrant parents attempting to enter the United States at our southern border. In many of these cases, the parents were attempting to pursue asylum applications after fleeing deadly gang violence in their central American country. The outcry and repulsion of this policy of taking children from their lawful parents, without due process, and incarcerating them in internment camp conditions reached a fever pitch yesterday with longtime … Continue reading