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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
Database Reveals U.S. as Financial House of Horrors Since Repeal of Glass-Steagall Act
By Pam Martens and Russ Martens: September 6, 2016 The Consumer Financial Protection Bureau (CFPB) has set up an online database of financial horror stories that shows what happens when an average American interacts with one of the financial supermarkets (a/k/a universal banks) that grew out of the repeal of the investor protection legislation known as the Glass-Steagall Act. The complaints are concentrated against the biggest Wall Street banks. If you are one of the lucky Americans who has not already been mugged in the shopping aisles of the financial supermarkets, you should carefully browse through the database to see what awaits the unwary. Just go to the complaint archive, and place the name of any bank you want to examine in the upper right-hand search box. Searching under the name Citibank (part of the Wall Street behemoth Citigroup) will bring up 29,000 rows of complaints. A search under Chase, … Continue reading
In Wasserman Schultz Case, Obama and Clinton Seem to Wink at the Law
By Pam Martens and Russ Martens: September 1, 2016 President Obama holds the highest office in the United States. He has a law degree from Harvard Law and was a former editor of the Harvard Law Review. Presidential candidate Hillary Clinton holds a law degree from Yale University. Despite the legal background of the President and former Secretary of State, both seem to be winking at the serious legal issues surrounding the former Democratic National Committee Chair, Debbie Wasserman Schultz. Wasserman Schultz has been sued along with the DNC in the Federal District Court of South Florida, where the lead plaintiff, Carol Wilding, resides. The lawsuit is on behalf of Senator Bernie Sanders’ supporters and alleges fraud, negligent misrepresentation, deceptive conduct, unjust enrichment, breach of fiduciary duty, and negligence. There are already more than 100 named plaintiffs and the court was told in the amended complaint that an additional 1,000 … Continue reading
Hedge Fund Billionaires Help Push Wasserman Schultz to a Primary Win
By Pam Martens and Russ Martens: August 31, 2016 Democratic primary voters in South Florida’s 23rd Congressional District ignored the Democratic National Committee scandal that has engulfed Debbie Wasserman Schultz and gave the incumbent a 56.46 percent win over her Democratic challenger, Tim Canova, who claimed 43.54 percent of the vote. Unfortunately for Canova, who had the backing of Senator Bernie Sanders and his supporters, Independents were not allowed to vote in this closed primary. Wasserman Schultz will still have to compete against a Republican rival, Joe Kaufman, in the November 8 general election. Her District is heavily Democratic, however, and she is expected to achieve an easy win – unless new scandals arrive between now and election day. Canova is a law professor at Nova Southeastern University. This was his first endeavor in running for public office. His strong showing in this race and his ability to raise $3.3 … Continue reading
At a Time of Political Darkness in America, Our Whistleblowers and Activists Give Us Reason to Hope
By Pam Martens and Russ Martens: August 30, 2016 Over the past week Rasmussen polls have captured the epic disgust of voters in the direction America is heading. Only 31 percent of likely voters believe the country is heading in the right direction; 67 percent of voters are angry at the current policies of the federal government; and just 24 percent trust the federal government to do the right thing most or nearly all the time. The smooth functioning of the U.S. economy is based on citizens having confidence in the country’s leaders. Over two-thirds of the U.S. economy stems from consumer spending. When consumers lack confidence, they scale back spending. When businesses lack confidence, they lay off workers or stop hiring. When new home buyers lack confidence, they postpone signing a contract. Last Friday, Bloomberg News reported that the CEO of Signet Jewelers Ltd., Mark Light, was blaming a slowdown … Continue reading
Department of Homeland Security Has Surprise for Bernie Supporters at DNC Lawsuit Hearing
By Pam Martens and Russ Martens: August 29, 2016 Mavi Ramirez is a Mom, a social media entrepreneur and a dedicated citizen journalist who took a day off from work to cover the first hearing on August 23 in the Federal lawsuit that has been filed by Senator Bernie Sanders’ supporters against the Democratic National Committee and its former Chair, Debbie Wasserman Schultz. The lawsuit, which currently has more than 100 plaintiffs and more than a thousand in the wings with retainer agreements, is charging the DNC with fraud, negligent misrepresentation, deceptive conduct, unjust enrichment, breach of fiduciary duty, and negligence. Leaked DNC documents and emails by Guccifer 2.0 and Wikileaks show Wasserman Schultz disparaging the Sanders’ campaign while key DNC officials actually plotted to sabotage the Sanders’ campaign by putting the word out that he is an atheist (which Sanders says he is not) and characterizing his campaign as … Continue reading
Shawn Lucas Cause of Death Still Unknown as Clinton’s Campaign Lawyer Tries to Move DNC Lawsuit into the Weeds
By Pam Martens and Russ Martens: August 26, 2016 According to the Office of the Chief Medical Examiner for Washington, D.C., it has still not determined a cause of death for Shawn Lucas, the 38-year old process server who delivered the class action lawsuit against the Democratic National Committee and its then Chair, Debbie Wasserman Schultz, to the DNC headquarters on July 1. One month later, the girlfriend of Lucas came home to find him dead on the bathroom floor. It has now been more than three weeks since Lucas died with no cause of death announced. We asked the Chief Medical Examiner’s office if the delay was a result of toxicology tests being conducted. We were told it can make no comment beyond the fact that the cause of death is “pending.” The official report from the Metropolitan Police Department in Washington, D.C. indicates that officers Kathryn Fitzgerald and … Continue reading
Shhh! Don’t Tell the New York Times that S&P Earnings Have Declined for 5 Quarters
By Pam Martens and Russ Martens: August 25, 2016 On July 25, during the opening night of the Democratic National Convention, Senator Elizabeth Warren made the following comments during her speech: “Here’s the thing: America isn’t going broke. The stock market is breaking records. Corporate profits are at all-time highs.” We noted at the time that Senator Warren is one of the smartest members of Congress; a former Harvard law professor who taught commercial contracts and bankruptcy law; a member of the Senate Banking Committee and its Economic Policy Subcommittee. If Senator Warren was not aware that quarterly earnings on a year-over-year basis as measured by the largest companies in America – the Standard and Poor’s 500 – were on track to log in their fifth consecutive quarterly decline in earnings, how could the average American possibly know this? Equally important, if the stock market was setting new highs based … Continue reading
Was Paul Weiss an Appropriate Law Firm to Investigate Sex Charges Against Roger Ailes?
By Pam Martens and Russ Martens: August 24, 2016 On Monday, Andrea Tantaros, a Fox News host, became the latest in a growing drumbeat of voices charging Fox News with tolerating and condoning a hostile work environment for women that “operates like a sex-fueled, Playboy Mansion-like cult, steeped in intimidation, indecency, and misogyny,” according to the lawsuit Tantaros filed in New York State Supreme Court. Tantaros charges in the lawsuit that she was sexually harassed by Roger Ailes, who recently stepped down as Fox News CEO, while he ran an intimidation campaign against her through his public relations department. This is the second lawsuit to be filed against Ailes by Fox News women in as many months. In July, Gretchen Carlson went public with similar charges against Ailes in a high-profile lawsuit. According to the Washington Post, Carlson’s lawyers have received reports from more than 20 women that “they were … Continue reading
Wall Street’s Protection Racket: Mandatory Arbitration
By Pam Martens and Russ Martens: August 23, 2016 What people across Wall Street cannot figure out is why the Board of JPMorgan Chase, America’s biggest bank by assets, didn’t sack its CEO, Jamie Dimon, at some point between the bank’s first two felony counts in 2014 and its third felony count in 2015. Or, as two trial lawyers, Helen Davis Chaitman and Lance Gotthoffer point out on their web site, during the past five years as JPMorgan Chase racked up $35.7 billion in fines and settlements for “fraudulent and illegal practices.” JPMorgan Chase’s abuses of its own customers are so vast that Chaitman and Gotthoffer had to create a Wheel of Misfortune to catalog the scams for ease of viewing by the public. And here’s the worst part: those are just the frauds that the public is allowed to read about. JPMorgan Chase, along with other notoriously abusive banks … Continue reading
Student Loan Debt Slaves Get the Runaround Seeking Promised Relief
By Pam Martens and Russ Martens: August 22, 2016 Last Thursday the Consumer Financial Protection Bureau Student Loan Ombudsman released a report detailing the hurdles and outright barriers that college students who took out student loans face when they attempt to get Income-Driven Repayment (IDR) plans. These plans allow student loan payments to be tied to income. The report found that the debt holders are reporting that they are facing prolonged processing delays and wrongful rejections by their private student loan servicing companies. Some facets of the report suggested that student debt holders are intentionally getting the runaround by the outside servicing company. The report noted: “Borrowers report being rejected because their application had missing information or because their servicer lost paperwork, without ever being notified by their servicer or being given a chance to fix the problem. Other borrowers report being rejected simply for checking the wrong box, without … Continue reading