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
- Atlanta Fed’s Model Forecasts GDP to Contract by -2.1 Percent in Second Quarter; Morgan Stanley Says S&P 500 Could Drop Another 22 Percent If that Happens
- The Supreme Court’s EPA Decision Is One More Win for Charles Koch’s Dystopian America
- Deutsche Bank and JPMorgan Chase Have Been Trading Like Clones for Two Months; Both Are Down Almost 30 Percent Year-to-Date
- Report: JPMorgan Chase and Citibank Hold 90 Percent of All Gold and Other Precious Metals Derivatives Held by All U.S. Banks
- The Glue that Connects Jeffrey Clark, John Eastman, Ginni Thomas, and the Guy Who Was Air-Dropped into the DOJ, Is Charles Koch’s Money
- As This Crypto Stock’s Price Collapsed, Goldman, JPMorgan and Citigroup Issued Buy Ratings
- JPMorgan Chase’s Derivatives Spike by $14 Trillion in First Quarter to Six-Year High of $60 Trillion
- Is the Crypto Threat to U.S. Financial Stability $889 Billion or $10 Trillion?
- Crypto Victims’ Cries for Help Are Piling Up at a Federal Complaint Center
- Has Crypto Endangered Federally-Insured Big Banks? Ask State Street
- After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto
- As the Speeding Crypto Train Crashes, Scientific and Engineering Experts Tell Congress that Both Crypto and Blockchain Were a Sham from the Beginning
- The Fed Fingers Its Worry Beads: Mortgage Rates Double in Six Months to 6.28 Percent; Crypto Crashes; Layoffs Explode in FinTech
- Crypto-Carnage Hits Every Asset Class Tied to Crypto
- Five U.S. Megabanks Have Lost $300 Billion in Market Cap in One Year; Crypto Is in Meltdown this Morning; and the Fed Will Hike Rates Further on Wednesday
- The Money Trail to the January 6 Attack on the Capitol Is Ignored in Last Night’s Public Hearing
- As Tech Startups and Blank-Check Companies Blow Up in Investors’ Portfolios, SEC Chief Gensler Gives Yet Another Speech
- These Charts Show the Wealth Devastation to U.S. Investors from Wall Street’s Unchecked Corrupt Practices
- Domestic Crude Oil Peaked at $145 a Barrel in 2008. It Closed Yesterday at $118.50. So Why Is Gas at the Pump at All-Time Highs?
- Fed Data Shows a Half Century of Moderate Growth in the Fed’s Balance Sheet through Two World Wars – Then a Seismic Explosion Under Bernanke, Yellen and Powell
- Redditors Are Furious at the SEC’s New Ad Campaign Portraying them as Idiot Investors
- Senator Sherrod Brown Goes After 0-Count Felon Wells Fargo; Ignores 5-Count Felon JPMorgan Chase
- Credit Unions and Banking Groups Warn of “Devastating Consequences” of a U.S Central Bank Digital Currency
- Stable Coin and Cryptocurrency Investors Are Not the Only Ones in Tears: Ten Crypto Mining Stocks Have Fallen by 50 to 80 Percent Year-to-Date
- New York Fed Stuns with New Report: At Year End Its Trading Desk Owned 38 Percent of All 10-30 Year U.S. Treasuries
- JPMorgan Whistleblower Names Former U.K. Prime Minister Tony Blair in Court Documents as Receiving “Emergency” Payments from Bank
- Wall Street Traders Are Being Ordered to Hand Over their Personal Phones for Examination by the Firm’s Lawyers: How Is This Legal?
- How Crypto Is Using the Behavioral Dynamics of Bernie Madoff’s Fraud
- Senator Elizabeth Warren Lauds the New York Stock Exchange for Investor Protections. It’s Currently Trading Multiple Alleged Frauds.
- Fed Chair Powell Says “Markets Are Orderly” and “Functioning.” They’re Not.
- Jerome Powell’s Fed in Two Frightening Charts
- Warren Buffett Is Taking a Flyer on $3 Billion of Citigroup’s Stock — After It Loses 40 Percent in a Year
- Crypto’s Crash: 100-to-1 Leverage Goes Poof!
- Citigroup’s Stock Price Is Still Down 84 Percent from the Year of Crash in 2008
- Scandalized Dallas Fed Keeps It All in “The Family” with Appointment of Lorie Logan as President
- Senator Tells Treasury Secretary Yellen that Crypto Market Is Now Larger than Subprime Market that Triggered Global Financial Crisis
- Charts: “Massive Buyers’ Strike” for Tech; Bitcoin as an Inflation Hedge Exposed as a Bad Joke; Megabanks in Freefall
- These Stock Patterns Are Impossible – Without Brazen Manipulation that the SEC Is Choosing to Ignore
- Goldman Sachs Says Its Dark Pools Are Under Investigation – Along with About Everything Else the Firm Does
- Powell Says Fed Doesn’t Have a Credibility Problem with the American People – Despite Gallup Poll Showing Lowest Confidence Since 2008 Financial Crisis
- What You Can Expect to Hear at the Fed’s Press Conference Today
- Citigroup’s Role in “Flash Crash” in Europe Yesterday Is Reminiscent of Its “Dr. Evil” Trade in 2004
- Justice Department’s Investigation of Archegos Leaves Out Three Bank Names: JPMorgan, Citigroup and Bank of America
- Another Raid of Deutsche Bank, Another Dead Whistleblower
- Justice Department and SEC Portray Serially-Charged Banks on Wall Street as Hapless Victims of Archegos Fraud. Nobody’s Buying It.
- Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019
- Markets Climb a Wall of Worry but a War, a Pandemic, Soaring Inflation and Opaque Megabanks Spell Big Trouble
- Fed Chair Powell Telegraphs the Perfect Storm for Wall Street’s Megabanks: Rapid Rate Hikes Hitting $234 Trillion in Derivatives
- While JPMorgan Chase Was Getting Trillions of Dollars in Loans at Almost Zero Percent Interest from the Fed, It Was Charging Americans Hit by the Pandemic 17 Percent on their Credit Cards
- It’s Been More than Seven Months and Still No Investigative Findings on the Fed’s Trading Scandal
