Read the full text of the Glass-Steagall Act (a.k.a. the Banking Act of 1933). This Act, if reinstated and enforced by regulators with the ability to criminally prosecute, would bring sanity to the financial markets.
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Recent Posts
- A Forensic Look at Jerome Powell’s “Pants on Fire” Explanation for His $1 Million to $5 Million Stock Sale
- The Fed Is Subsidizing the Money Market Funds Operated by Larry Fink’s BlackRock as BlackRock Manages a Big Part of Jerome Powell’s Wealth
- Five U.S. Senators Tell Zuckerberg that Facebook Can’t Be Trusted and to Back Off His Crypto Plans
- The Wall Street Journal and New York Times Censor Yet Another Major News Story on the Fed and the Mega Banks It Supervises
- Another Fed Bank President’s Financial Disclosures Fail the Smell Test
- The SEC Is Taking a Hard Look at Dark Markets, Except for the Darkest of All – Dark Pools
- Senate Banking Chair, Sherrod Brown, Gives Fed’s Quarles a Scathing Bon Voyage
- Quietly, the Fed Releases the Names of Banks that Got Billions in Emergency Repo Loans in 2019
- The Dallas Fed Board Is Now Complicit in the Robert Kaplan Saga
- The U.S. Banking System Is More Dangerous Today than in 1929, Thanks to the Fed’s Reg U and Swaps – Two Well-Kept Secrets from the Senate Banking Committee
- Dallas Fed President Robert Kaplan Was Gathering His Own Market Intelligence
- Senator Pat Toomey Launches a Red-Scare Campaign Against Biden’s Nominee to Head a Top Wall Street Bank Regulator
- Five Days after the Tragic Death of Its Bearish Equity Strategist, Tobias Levkovich, Citigroup Puts Out a Bullish Call on Global Bank Stocks
- Watch Senator Elizabeth Warren Explain in a 9-Minute Speech on the Senate Floor Today the “Culture of Corruption” at the Fed and How Powell Has “Failed as a Leader”
- Closely Watched Atlanta Fed’s GDP Forecast for Third Quarter Cut by 63 Percent Since August
- Senator Elizabeth Warren Puts the Heat on the SEC to Investigate Fed Officials for Insider Trading
- New Documents Show the Fed’s Trading Scandal Includes Two of the Wall Street Banks It Supervises: Goldman Sachs and Citigroup
- The Justice Department Has 58 Documents About Its New Criminal Chief that It Doesn’t Want the Public to See
- Dallas Fed President Kaplan Was Making Bold, Market-Moving Statements to Media During 2020 Crisis; the Same Year He Traded Tens of Millions of Dollars in Stocks and S&P 500 Futures
- Was Boston Fed President Rosengren Trading with Citigroup’s Money?
- Goldman Sachs Refuses to Say If It Was Placing Trades for Dallas Fed President Kaplan as Materially False Statement Released by Board on Kaplan’s Relationship with Goldman Sachs
- Robert Kaplan Was Trading Like a Hedge Fund Kingpin for Five Years while President of the Dallas Fed; a Dozen Legal Safeguards Failed to Stop Him
- Woman Who Helped Expose Wall Street Mega Banks’ Vast Holdings of Physical Commodities Is Nominated as a Top Bank Regulator
- When It Comes to Frauds, Wells Fargo Is on the Bunny Slope Watching JPMorgan Hop Moguls on the Black Diamond Trail
- Three Gutsy Reporters Grill Fed Chair on Biggest Trading Scandal in Fed’s 108-Year History
- Jerome Powell Will Face 17 Reporters Today at a Press Conference as the Fed Faces the Worst Trading Scandal in Its History. How Many Reporters Will Punt on the Topic?
- Wall Street Watchdog, Better Markets, Calls Fed Presidents’ Trading Binge “Pandemic Profiteering” or, Possibly, “Illegal Insider Trading”
- Bank Stocks Sell Off on China Evergrande Concerns as Investors Worry about Who Has Exposure to its $300 Billion in Debt
- The Justice Department Has Serious Grounds to Subpoena Trading Records from Dallas Fed President Robert Kaplan
- Dallas Fed President Traded S&P 500 Futures. Dallas Fed Will Not Say If He Shorted the Market During Pandemic Crisis in 2020.
- Senator Elizabeth Warren and Bloomberg News Need to Give It a Rest with Bashing Wells Fargo and Turn Their Attention to 5-Count Felon, JPMorgan Chase
- Quietly, the Fed Has Seduced $1 Trillion a Day into the Best Game in Town – Its Reverse Repo Facility
- The Latest Outrage Over Fed Presidents Trading Stocks Is Just the Tip of the Iceberg
- SEC Chair Gensler Will Tiptoe Around Questions of Meaningful Reform on Wall Street at Today’s Senate Banking Hearing
- 9/11 Launched the First of the Unaccountable Bailouts by the Fed to Wall Street
- The Federal Investigation of 9/11 Ignored Recorded, Eyewitness Accounts of Firefighters Who Heard Explosions Just Before the Towers Collapsed
- Closely Watched Atlanta Fed’s GDP Forecast Cuts U.S. Growth by 41 Percent
- Natalie Edwards Was Imprisoned this Month by the U.S. for Blowing the Whistle on Wall Street Banks’ Laundering of Dirty Money
- Jamie Dimon’s Bank Has Been Moving Fast and Breaking Things – Like Money Laundering Laws. Now It’s Got Its Own Digital Coin and Bespoke Blockchain
- New York Times Misled the Public About Drownings During Hurricane Sandy. Now 11 More Have Died in New York City by Drowning in their Homes.
- Congressman from Goldman Sachs to Examine the Fed’s Emergency Lending Powers in a Crisis
- Quietly, JPMorgan Chase Has Been Battling Another Felony Charge – This Time for Tax Fraud in France. Its Defense Is Its “Human Rights” Have Been Violated.
- The U.S. Has 6.3 Times More COVID-19 Cases Per 100,000 than Canada. What Went Wrong?
- 248 Chinese Companies with Off-Limit Audits and a Market Cap of Over $2.1 Trillion Are Listed on U.S. Exchanges – Now Congress Demands Action from the SEC
- The SEC Is Allowing 5-Count Felon JPMorgan Chase to Trade Its Own Bank Stock in its Own Dark Pools
- Two Hedge Fund Billionaires Hedge their Bets on Regeneron as Florida Governor Ron DeSantis Opens Regeneron Treatment Centers for COVID-19 Across Florida
- The Congressional Budget Office Is Forecasting U.S. Debt Levels Not Seen Since World War II as GDP Forecasts Dim
- Three of the Fed’s Wall Street Bailout Programs Vanish from Its Monthly Reports to Congress
- This is How Hundreds of Thousands of Americans Spent the Summer of 2021 — During the Worst Pandemic Since 1918
- Meet the Two Congressmen Who Facilitated Today’s Derivatives Nightmare at Wall Street’s Mega Banks
