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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
Goldman Sachs Financed Hillary Clinton’s Son-in-Law to Make Bullish Greek Bets After It Structured Unseemly Greek Debt Deals that Hobbled that Country
By Pam Martens and Russ Martens: May 30, 2016 Goldman Sachs will interminably, thanks to Matt Taibbi at Rolling Stone, conjure up images of “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” The vampire squid has now popped up in the middle of a potential new scandal involving the Clintons, while uproar over its payment of $675,000 to Hillary Clinton personally for three speeches is still simmering. Clinton, a presidential candidate, has thus far refused to release the transcripts of those speeches, despite numerous editorials calling on her to do so. On May 10, the New York Times gently dropped a bombshell on the hedge fund investing world of New York’s one-percenters. Hillary and Bill Clinton’s son-in-law, Marc Mezvinsky, who married their only child, Chelsea, in an opulent 2010 wedding, was shuttering the Eaglevale Hellenic Opportunity Fund … Continue reading
Scrooge Yellen: Why Does the Fed Chair Need to Speak at the Start of Memorial Day Weekend?
By Pam Martens and Russ Martens: May 27, 2016 Typically, the bond market would be closing at 2:00 p.m. today, leaving the stock market rudderless and thinly traded. Typically, tens of thousands of Wall Street traders would have nothing more taxing than visions of barbecues and beaches and beer dancing about in their heads and would be sprinting out of the office to the Hamptons or Fire Island or Montauk as soon as the bond market closes at 2 p.m. But today is not typical thanks to Scrooge Yellen who will be speaking around 1:15 p.m today. This fact is furrowing brows on Wall Street and forcing traders to hang around to see what market-moving nuggets might be dropped by the petite central banker in chief. In reality, it’s Harvard that’s messing up the early holiday exodus on Wall Street. Harvard is giving Yellen the Radcliffe Medal for her “transformative … Continue reading
Inspector General Report Further Undermines New York Times Endorsement of Hillary Clinton
By Pam Martens and Russ Martens: May 26, 2016 The release of the State Department’s Inspector General report unequivocally shreds Hillary Clinton’s repeated public pronouncements that she had approval from the State Department to use a private email server in her home for all of her government work while she served as Secretary of State. In the video of her press conference on March 10, 2015 (see below), Hillary opens the subject of the private server with this statement: “When I got to work as Secretary of State, I opted for convenience to use my personal email account, which was allowed by the State Department.” Before the video concludes, the former Secretary of State repeats two more times that she had approval for use of the private server. The Inspector General’s report now makes it crystal clear that this is yet another example of Hillary Clinton taking liberties with the … Continue reading
‘Confidential’ Memo in the Hedge Fund Battle for Freddie and Fannie Comes Out of Hiding
By Pam Martens and Russ Martens: May 25, 2016 There’s a lurking memo among government documents concerning the government takeover of Fannie Mae and Freddie Mac during the 2008 financial collapse on Wall Street that undermines the raging media propaganda wars now taking place. But first some necessary background. Similar to Judith Miller’s shilling for the Iraq war in the pages of the New York Times, which spread like an uncontrolled virus to other media, hedge funds that hope to reap billions of dollars in windfall profits in the preferred and common stock of Fannie Mae and Freddie Mac, which has continued to trade despite the government takeover, have set up a Machiavellian plot to get high-priced media real estate on board their scheme. Mainstream media as well as alternative media (that should know better) have taken the bait — hook, line and sinker. Two writers at the Wall Street … Continue reading
Did the Clinton Foundation Have a Storefront Accountant Like Madoff?
By Pam Martens and Russ Martens: May 24, 2016 A growing number of red flags are cropping up around the charity operation known as the Bill, Hillary & Chelsea Clinton Foundation. The title tells you right off the bat that there is no anti-nepotism policy in place. Bernie Madoff didn’t believe in an anti-nepotism policy either: his brother, wife, two sons and niece worked for him. That didn’t work out so well for any of them. What is thus far beyond dispute regarding the Clinton Foundation’s finances is that Hillary Clinton’s political operatives have been on its payroll and that it failed to report tens of millions of dollars in foreign government donations on its 990 tax return to the IRS. As Reuters reported last year: “For three years in a row beginning in 2010, the Clinton Foundation reported to the IRS that it received zero in funds from foreign … Continue reading
A Harvard MBA Guy Is Out to Bring Down the Clintons
By Pam Martens and Russ Martens: May 23, 2016 Remember Harry Markopolos? That’s the tenacious financial expert that pounded on the door of the Securities and Exchange Commission (SEC) for years, providing it with detailed, written evidentiary support for the premise that Bernie Madoff, the respected former Chairman of the NASDAQ stock market, was running a massive Ponzi scheme. The SEC never confirmed the fraud before Madoff confessed as he ran out of money in December 2008 because it skipped the most basic of investigation techniques: it failed to verify if real stocks and bonds actually existed in Madoff’s client portfolios. They didn’t. There’s a new Markopolos in town with that same brand of leave-no-stone-unturned tenacity and he has his sights set on the charity operations of Hillary and Bill Clinton, known as the Clinton Foundation and its myriad tentacles. Ortel’s actions come just as Hillary Clinton makes her final … Continue reading
The U.S. Government Is Quietly Paying Billions to Wall Street Banks
By Pam Martens and Russ Martens: May 20, 2016 Wall Street On Parade has learned, by piecing together the SEC filings of Freddie Mac and Fannie Mae and previous Federal Reserve studies, that these two companies that have been in U.S. government conservatorship since the 2008 financial crisis, continue to pay out billions of dollars to the biggest Wall Street banks on their derivatives contracts. This raises multiple red flags, not the least of which is how much does the U.S. public really understand about the 2008 financial crisis and what appears to be a continuing taxpayer bailout. It is well known at this point that AIG had to be bailed out because it owed over $90 billion on its derivative and security loan contracts to Wall Street and foreign banks. Now, it’s looking like Fannie Mae and Freddie Mac were also Wall Street’s derivatives patsies – or “dumb tourists” … Continue reading
House Republicans Rig Hearing to Block Consumers from Going to Court
By Pam Martens and Russ Martens: May 19, 2016 The ink was barely dry on a proposal by the Consumer Financial Protection Bureau (CFPB) to restore the rights of banking customers to take their grievances into a court of law instead of a system of forced arbitration, when House Republicans threw together a hearing yesterday to scaremonger over make-believe evils of the proposal. The hearing was convened by the Republican-controlled Financial Institutions and Consumer Credit Subcommittee of the House Financial Services Committee and not-so-subtly titled “Examining the CFPB’s Proposed Rulemaking on Arbitration: Is it in the Public Interest and for the Protection of Consumers?” The American Law Litigation Daily called the hearing “seriously lopsided.” ValueWalk called it “skewed.” We’re calling it brazenly rigged. In decades of watching Senate and House hearings, we have never seen a more unlevel playing field. Out of the four witnesses called to testify, three were … Continue reading
Three of Hillary’s Mega Donors Are in Panama Papers; Another Tied to $6.8 Billion Tax Avoidance Scheme
By Pam Martens and Russ Martens: May 18, 2016 Last month the Washington Post compared the state of U.S. political campaigns to that of the Gilded Age, noting that 41 percent of the money raised by SuperPacs by the end of February came from just “50 mega-donors and their relatives.” New evidence suggests that tax avoidance may be at the center of what some of these mega-donors are expecting in return for that largess to Presidential and Congressional candidates. Take the case of Priorities USA, the SuperPac supporting Hillary Clinton’s campaign. It has already raised $67 million and just four hedge fund billionaires have ponied up 40 percent of that amount. Hedge funds already receive a perverse form of taxation known as “carried interest” that allows their winnings to be taxed at rates lower than those paid by some plumbers and nurses. This cozy tax scheme allows managers of hedge … Continue reading
Jamie Dimon and Mike Bloomberg, Two New York Billionaires, Think They Know What Poor Kids Need
By Pam Martens and Russ Martens: May 17, 2016 Yesterday we read two articles: one made our blood boil, the other broke our hearts. Let’s start with the first. Bloomberg News seems to be on a roll with Jamie Dimon, Chairman and CEO of JPMorgan Chase. First it put him on the cover of its relaunched Bloomberg Markets magazine and then followed up with a Bloomberg TV promotion for the article, suggesting that Jamie Dimon is all about the customer – a concept so divergent from the facts on the ground that we devoted a column to it in March. Neither the article nor the TV promotion mentioned the fact that under Dimon’s leadership, the bank was been charged with three criminal felony counts between 2014 and 2015 for decidedly non-customer friendly behavior while simultaneously rewarding Dimon with obscene pay. Yesterday, former New York City Mayor Mike Bloomberg, whose net … Continue reading