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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
Trump Is Driving On Unsafe Bridges as His Wall to Nowhere Gets Priority
By Pam Martens and Russ Martens: January 27, 2017 During his first week in office, Donald Trump issued an executive order stating that it “is the policy of the executive branch” to “secure the southern border of the United States through the immediate construction of a physical wall on the southern border” with Mexico. Researchers have put the cost of the wall at $15 to $25 billion. That price tag would come to a nation with a staggering national debt of $19.9 trillion and a D+ rating on its critical infrastructure that plays an essential role in the country’s economic growth and ability to pay its debt. Every four years the American Society of Civil Engineers (ASCE) releases a comprehensive assessment of the U.S. infrastructure. The last report was released in 2013 giving a D+ rating to U.S. infrastructure. (The next report is due in March of this year.) The … Continue reading
Constitutional Crisis Lurks Behind Trump’s Obsession With His Public Mandate
By Pam Martens and Russ Martens: January 26, 2017 On Monday, Tyler Cowen, an economics professor at George Mason University, wrote an opinion piece for Bloomberg News that offered several thought-provoking reasons that Trump and his staff are willing to tell bald-faced lies that are easily debunked. The column came after a weekend where Trump and his staff appeared neurotically obsessed to convince big media that Trump is the most popular president in history, notwithstanding the hundreds of thousands of protesters against his presidency that filled Washington D.C. and other major cities around the country on Saturday. Trump’s press secretary Sean Spicer stated on Saturday that “This was the largest audience to ever witness an inauguration — period — both in person and around the globe.” Spicer went on to assail the media’s “attempts to lessen the enthusiasm for the inauguration” as “shameful and wrong.” The Washington Post easily debunked the … Continue reading
Wall Street’s Revolving Money Door: Ceresney and Cohn Take a Spin
By Pam Martens and Russ Martens: January 25, 2017 It was announced yesterday that Andrew Ceresney, the head of enforcement for the Securities and Exchange Commission (SEC) since 2013, would be returning to Debevoise & Plimpton as co-head of its litigation department – a nice promotion. In 2009, one year into the biggest financial crash since the Great Depression, Debevoise & Plimpton’s Ceresney was lead author, with two of his colleagues, of a lengthy article for the American Criminal Law Review titled: Regulatory Investigations and the Credit Crisis: The Search for Villains. Debevoise & Plimpton, both then and now, represents some of the largest Wall Street banks that have serially engaged in fraudulent conduct against the investing public. The article seemed to be suggesting that prosecuting these banks would be too labor intensive and the facts too hard to prove because the deals were too complex. One paragraph reads as … Continue reading
Citigroup’s Crime Spree Against Americans Continues With Slaps on the Wrist
By Pam Martens and Russ Martens: January 24, 2017 Yesterday, the Consumer Financial Protection Bureau (CFPB) charged two units of the Wall Street mega bank, Citigroup, with insidious fraudulent acts against homeowners while it imposed a modest $28.8 million in relief and penalties. The penalty portion of $7.4 million is meaningless because this is a bank that serially breaks the law, laughs at its regulators, and, most outrageously, it was simultaneously engaging in heinous misdeeds against Americans while the U.S. government was using taxpayer money to bail out its failed business model of brazen financial frauds. The $7.4 million in fines also stands in contrast to the $14.9 billion that Citigroup reported as net income for 2016. We will get to the current CFPB charges in a moment, but first some necessary background. On May 20, 2015, Citigroup’s commercial banking unit, Citicorp, pled guilty to criminal charges brought by the … Continue reading
Is Your Corporate Pension Benefit Safe Under the Trump Administration?
By Pam Martens and Russ Martens: January 23, 2017 Most Americans are unaware that the Pension Benefit Guaranty Corporation, the Federal body that stands behind corporate pension plans known as defined benefit plans, has only three members and three votes on its Board of Directors: the U.S. Labor Secretary, the U.S. Commerce Secretary and the U.S. Treasury Secretary. Under the Donald Trump administration, all three votes could be problematic for workers’pension interests if Trump’s current nominees are confirmed by the U.S. Senate. Andrew Puzder is Trump’s nominee for Secretary of the Labor Department. Puzder is already on record as opposing a substantial increase in the Federal minimum wage and an opponent of making more workers eligible for overtime pay. Much less is known about Puzder’s eyebrow-raising earlier career. From 1978 to 1991, Puzder was a trial lawyer in St. Louis at the law offices of Morris A. Shenker, the man … Continue reading
Obama’s Perpetual Farewell Tour
By Pam Martens: January 19, 2017 The man who was compared to a Messiah when he won the presidential election in 2008 has been on an excruciatingly long goodbye tour. First there was his farewell speech to the United Nations in September. Next came his farewell tour across Europe in November – the Messiah’s last foreign trip. Then there was his farewell speech in the U.S. Yesterday, there was a tortuously vacuous farewell press conference, which toward the end, had the feeling that actors from central casting had replaced real journalists in the press room in order to memorialize the greatness of this President. Whenever I think about this President, I think of Bruce Dixon, the Managing Editor of the Black Agenda Report in 2008 during Obama’s first presidential campaign. The Black Agenda Report writes for black Americans. Dixon wrote the following in February 2008: “Whether it is truly possible … Continue reading
Political Revolution Sprouts New Shoots Outside Goldman Sachs
By Pam Martens and Russ Martens: January 18, 2017 Sometimes all it takes to win a war is a rallying cry. That cry started in the bowels of Wall Street on September 17, 2011 with the takeover of Zuccotti Park by grassroots protesters calling themselves Occupy Wall Street. The thunder clap from that movement, “we are the 99 percent,” reverberated around the world. Occupy focused the public’s attention on the insidious wealth transfer system that has been institutionalized by Wall Street on behalf of the 1 percent – a system which has minted dozens of billionaires and thousands of multi-millionaires while collapsing the U.S. economy from 2008 to 2010 and leaving millions of Americans homeless and jobless. (See our past coverage of Occupy in related articles below.) Yesterday, green shoots from the Occupy movement sprouted in a light falling rain outside the headquarters of Goldman Sachs at 200 West Street … Continue reading
Draining the Swamp in Washington Through Community Banking
By Pam Martens and Russ Martens: January 17, 2017 The currency of Washington’s power politics is campaign money. Much of that campaign money flows from Wall Street’s biggest banks: its lobbyists, its Political Action Committees, its employees and their spouses. After flooding the presidential campaign with money, Wall Street is then rewarded by being allowed to make cabinet hiring decisions as part of the new President’s transition team, ensuring continuity government and an incurable malignancy on American democracy. To begin the process of draining the corrupt swamp in Washington, it means cutting off the money flow from Wall Street – not looking for a new savior who is deeply indebted to the same Wall Street banks. Tens of millions of U.S. consumers have the power to pull the plug on the swamp by moving their deposits from big Wall Street banks to their local community banks or their credit union. … Continue reading
Fed Chair Janet Yellen Channels Bernie Sanders in Speech to Teachers
By Pam Martens and Russ Martens: January 13, 2017 Last night the Federal Reserve convened a Town Hall meeting via webcast with K-12 teachers and college educators of economics and history. Federal Reserve Chair Janet Yellen delivered a speech and then took a series of questions from teachers. It was during the Q&A period that Yellen gave a sobering assessment of the long-term prospects for the U.S. At numerous points, Yellen echoed the income inequality themes that Senator Bernie Sanders raised repeatedly at his rallies around the country during the presidential primaries. When asked about the biggest obstacles to the U.S. economy over the short and long term, Yellen said she did not have serious concerns over the short term but was worried about the longer term. In addition to productivity concerns, Yellen stated: (See video clip below.) “We have seen over many decades now that the returns – the wages … Continue reading
Trump, Spy Stories, Prostitutes and the U.S. Dollar
By Pam Martens and Russ Martens: January 12, 2017 The President of the United States is typically viewed as the person whose top job is to inspire confidence in the dignity, integrity and sanity of his leadership of the country. But the presser held by President-elect Donald Trump yesterday, the first in six months and likely viewed by world leaders around the globe, was short on confidence building and long on slandering the American media and U.S. intelligence agencies. In short order, the U.S. dollar took a dive. Trump has yet to assimilate the concept that his words no longer belong just to him but attach themselves like flypaper to the credibility of the most powerful nation on earth. At times, the press conference felt more like an unruly street fight than a media Q&A by the man who will be sworn in as the 45th President of the United … Continue reading