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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
FBI Nominee Christopher Wray Runs into Conflict Issues
By Pam Martens and Russ Martens: June 9, 2017 President Donald Trump announced his nomination of Christopher Wray to take over James Comey’s job as Director of the FBI in a Tweet on June 7, the day before Comey’s much anticipated testimony before the Senate Intelligence Committee. In the Tweet, Trump called Wray a “man of impeccable credentials,” which, undoubtedly, he is. He is also a man with a maze of conflicts of interests. It appears that someone has tried to scrub some of those conflicts from the official web site of the Justice Department. For example, try this Justice Department press release link, which now turns up a dead page. www.justice.gov/criminal/pr/2004/02/2004_3631_FORMER_ENRON_CHIEF_E.htm Fortunately for our readers, Google has cached the press release which is dated February 19, 2004. The opening sentence includes all three names making headlines today – Comey, Wray and Robert Mueller, the newly appointed Special Counsel who … Continue reading
Trump Capitalism: Monetizing the Presidency
By Pam Martens and Russ Martens: June 8, 2017 President Trump’s firing of top law enforcement officials now covers a broad spectrum. In addition to FBI Director James Comey, Trump fired the Acting Attorney General of the U.S. Justice Department, Sally Yates, as well as Preet Bharara, the U.S. Attorney for the Southern District of New York where most major Wall Street criminal investigations take place. All of these individuals were involved in investigations of Trump associates’ involvement with Russia. Now, Trump is sending signals that his current U.S. Attorney General at the Justice Department, Jeff Sessions, may be next in line for sacking. Comey’s written testimony that was released yesterday in preparation for his appearance today before the U.S. Senate Intelligence Committee completes the picture of a President who believes that the Federal government’s law enforcement apparatus can be re-engineered into his own Praetorian Guard, complete with taking loyalty … Continue reading
OECD: World Is Still Locked in a “Low-Growth Trap” with Rising Inequality
By Pam Martens and Russ Martens: June 7, 2017 The Organization for Economic Cooperation and Development (OECD) just released its latest economic outlook which it sums up as “better but not good enough,” noting that, since the financial crisis of 2008, global growth remains “below past norms and below the pace needed to escape fully from the low-growth trap.” Projecting a modest pickup in global growth to 3.5 percent this year, the authors write: “After many years of weak recovery, with global growth in 2016 at the lowest rate since 2009, some signs of improvement have begun to appear. Trade and manufacturing output growth have picked up from a very low level, helped by firmer domestic demand growth in Asia and Europe, and private sector confidence has strengthened. But policy uncertainty remains high, trust in government has diminished, wage growth is still weak, inequality persists, and imbalances and vulnerabilities remain in financial … Continue reading
Russian Bank Chairman Met With Kushner, Citigroup and JPMorgan Chase
By Pam Martens and Russ Martens: June 6, 2017 Headline writers at the New York Times need to sharpen their pencils. Yesterday’s New York edition carried a front page article that links two of the biggest Wall Street banks, Citigroup and JPMorgan Chase, to the Jared Kushner affair with the Russian banker, Sergey Gorkov, Chairman of the state-owned Russian bank Vnesheconombank (VEB) which has been under U.S. sanctions since 2014. But readers would have missed that completely if they only read the softball headline, which failed to mention either bank. Everyone on Wall Street has been waiting for the next shoe to drop in the Jared Kushner episode. Kushner is under FBI and Congressional probes over allegations that he met in December with Gorkov while simultaneously attempting to set up a secret channel to communicate with Russia using its equipment inside its own embassy – ostensibly to thwart U.S. intelligence … Continue reading
Washington Post Drops a Bombshell on Trump’s Rise to Power but Forgets Two Words — Koch Brothers
By Pam Martens and Russ Martens: June 5, 2017 After building the case for months that Russia was a major meddler in the 2016 U.S. Presidential election, on Sunday the Washington Post connected the dots between a “shadow universe” of right-wing front groups domiciled in the U.S. with tax-exempt privileges who have a lot more to show for their efforts than does Russia. At the center of the Post article, written by reporters Robert O’Harrow Jr. and Shawn Boburg, is lefty turned righty David Horowitz and his nonprofit group the David Horowitz Freedom Center. While sanctions have not been lifted against Russia as potential proof of a quid pro quo with the Trump administration, Horowitz boasts of at least six of his Freedom Center’s supporters who hold top slots in Trump’s administration to push for his long-held positions on a Muslim ban, border wall, school vouchers and ridicule of global … Continue reading
The Unthinkable is Happening to America
By Pam Martens and Russ Martens: June 2, 2017 The unthinkable is happening so fast to America that there is a serious, growing threat that U.S. citizens are becoming desensitized to the chilling reality of our nation’s precipitous decline in respect and credibility around the world. The reflex action is to either deny it’s happening or pull the covers over one’s head. Two weeks before President Donald Trump announced the U.S. withdrawal from the Paris Climate Accord, Der Spiegel, one of the most influential and widely read news magazines in Europe, published a breathtaking assessment of the sitting President of the United States. Written by its Executive Editor, Klaus Brinkbäumer, the editorial was brutal and came from a publication known for its investigative acumen. Brinkbäumer made the following observations: “Donald Trump has transformed the United States into a laughing stock and he is a danger to the world. He must … Continue reading
Did GAO Just Hand Hackers a Blueprint for Breaking into the FDIC?
By Pam Martens and Russ Martens: June 2, 2017 When it comes to demanding transparency in government, Wall Street On Parade typically takes the position that citizens have a constitutional right to their government’s records. We demand those records regularly at Federal agencies using the Freedom of Information Act and at state and local government agencies using the relevant sunshine laws. This past Wednesday was the first time that we can recall when we read a publicly released report from the Government Accountability Office (GAO), the nonpartisan watchdog for Congress, that made us queasy that the information should never have been released. The report concerned the information technology systems of the Federal Deposit Insurance Corporation (FDIC). The GAO seemed to be handing potential cyber attackers a roadmap on how to exploit the FDIC’s many vulnerabilities. Federal deposit insurance was first created under the Glass-Steagall Act (also known as the Banking … Continue reading
Another Embarrassing Shoe Set to Drop for Trump and His Lawyers
By Pam Martens and Russ Martens: June 1, 2017 Two of the most intuitive members of Congress, Senator Elizabeth Warren and Congressman Elijah Cummings, sent a letter to the Comptroller General of the Government Accountability Office (GAO) all the way back on November 23, 2016 demanding an investigation of President-elect Donald Trump’s transition team expenditures, business conflicts and communications with foreign leaders. If the duo had been peering into a crystal ball, they couldn’t have delivered a more prescient recital of today’s unprecedented train wreck in the White House. The GAO report is set for draft release to relevant Federal agencies this month. Expect leaks before its official public release. The GAO is the nonpartisan Congressional watchdog that investigates, at the beckoning of members of Congress, how the Federal government spends taxpayer dollars. GAO says its mission is to “provide Congress with timely information that is objective, fact-based, nonpartisan, nonideological, … Continue reading
Exclusive: Wall Street Funds Hold Hundreds of Millions in Sanctioned Russian Bank Subject to Kushner Probe
By Pam Martens and Russ Martens: May 30, 2017 The 2017 Memorial Day weekend will inevitably go down in history as the three-day span when remembrances of our military veterans took a media backseat to President Trump’s son-in-law, Jared Kushner, and everything Russian. One of the key areas under multiple probes is a meeting Kushner held in December with Sergey Gorkov, the Chairman of Vnesheconombank (VEB), a Russian state-owned bank which has been under U.S. sanctions since July 2014 for Russia’s annexation of Crimea and aggression in Ukraine. What this meeting was about has yet to be officially determined. Reuters reported on Saturday that “FBI investigators are examining whether Russians suggested to Kushner or other Trump aides that relaxing economic sanctions would allow Russian banks to offer financing to people with ties to Trump, said the current U.S. law enforcement official.” Financial dealings with a Russian bank that remains under … Continue reading
Reuters Broke the Story of Russian Back Channel Plan Eight Days Before WaPo Named Kushner
By Pam Martens and Russ Martens: May 29, 2017 As reporters in every major newsroom in the U.S. scramble to fill in the blanks in the bizarre tale of President Trump’s son-in-law, Jared Kushner, attempting to set up a secret back channel with Russia using Russian communication equipment almost two months before Trump had taken the reins as President, there’s another related story that has not been adequately fleshed out. Eight days before Washington Post reporters named Kushner as a key participant in this plan, reporters at Reuters had already reported on May 18 that “Michael Flynn and other advisers to Donald Trump’s campaign were in contact with Russian officials and others with Kremlin ties in at least 18 calls and emails during the last seven months of the 2016 presidential race…” The Reuters report then dropped the bombshell that Flynn and Sergei Kislyak, Russia’s ambassador to the United States, … Continue reading