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
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- More than 700 Walmart Stores House a Bank with a Predatory Past
- U.S. Banking System Has a $168 Trillion Nightmare Looming. It Was Ignored in Written Testimony for Today’s Senate Banking Hearing
- Israel’s Director of Public Health Stuns TV Viewers with Statement that 50 Percent of New COVID Cases Are Among Fully Vaccinated
- There’s a Lot More to Investigate than Just Zombie Risk Managers in the Archegos Hedge Fund Blowup
- The Fed Announces Plans to Permanently Backstop Wall Street with a Standing Repo Loan Facility of $500 Billion…Starting Tomorrow
- U.S. Mega Banks Were Sitting on $6.56 Billion of Chinese Education Stocks that China Just Eviscerated
- The Communist Party Just Wiped Out a Whole Industry in China; Next Target, Chinese Companies Spilling Secrets in IPOs on the New York Stock Exchange
- Biden’s Crime Chief Had Screaming Red Flags on His Financial Disclosure Form; Senators Ignored Them
- After JPMorgan Chase Admits to Its 4th and 5th Felony Charge, Its Board Gives a $50 Million Bonus to Its CEO, Jamie Dimon
- Law Firm that Was Sued Last Year by NYS Attorney General for Refusing to Turn Over Trump Documents Lands a Partner to Head the Criminal Division in Biden’s Justice Department
- These Charts Challenge the Status Quo Thinking on the Stock Market
- Markets Plunge on Monday on Growing Reports of Fully Vaccinated People Getting Delta Strain of COVID-19
- A Battle Royale Has Begun Over Fed Chair Powell’s Fitness for a Second Term
- Fed Chair Powell Got a Lesson in Economics from Senator Lummis: U.S. Households Are Sitting on the Highest Level of Bank Deposits in the Past 68 Years
- Someone Is Buying Up Power Plants and Critical Infrastructure in 22 Countries. The Trail Leads to JPMorgan – a Bank Repeatedly Charged with Rigging Markets
- The Fed Has Approved 3,576 Bank Mergers in 15-1/2 Years; Denied Zero. One Business Day after President Biden’s Executive Order Warns Against Bank Concentration, the Fed Approves Another Bank Merger.
- The Federal Reserve Has Radically Changed from a Central Bank to a Bailout Kingpin. Americans Just Haven’t Paid Attention – Until Tonight
- Frontline Investigates the Federal Reserve: Is It a Captured Regulator that’s Wrecking the U.S. Economy with Asset Bubbles?
- The Four Years of the Trump Administration Saw the Largest Number of IPOs with Negative Earnings in the Last 40 Years
- These Charts Suggest the Stock Market Is Mentally Unhinged
- State Attorney General Files Suit Charging Wall Street Mega Banks with “Multi-Year Bid Rigging and Price Fixing” Conspiracy in Credit Default Swaps Market
- Court Documents Reveal that JPMorgan Chase Was Entangled in Another Giant Ponzi Scheme at the Same Time It Was Propping Up Bernie Madoff’s Ponzi Scheme
- Wall Street Watchdog Assails Fed’s Stress Tests of Mega Banks as “Toothless” – Provides a Wakeup Call to Biden Administration
- Witness Drops Bombshell at House Hearing: Hedge Funds Are Getting “100 Times” Leverage on Crypto
- Gensler Throws a Wrench in SEC’s Revolving Door; Appoints Career Prosecutor as Crime Chief
- High-Rise Building Collapses: In the Past 50 Years, 174 People Have Died and Hundreds Injured. The Typical Collapse Is During Construction – Not 40 Years Later
- JPMorgan Chase Has Exited 15.7 Million Square Feet of U.S. Office Space Since the Crash of 2008 But Somehow Managed to Grow its Assets by 62.9 Percent
- JPMorgan Chase Spent $59.5 Billion Buying Back Its Stock from 2017-2019 while Its Bank Tellers Didn’t Make Enough to Pay for Basic Living Expenses
- Florida Condo Collapse: Nobody Told Homeowners that their Building Was Sinking “at an Alarming Rate”
- Here Come Wall Street Rental Communities: What Could Possibly Go Wrong?
- Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
- Another Choice Offering from Wall Street: A Doughnut with 11-25 Grams of Fat from a Company Awash in Red Ink with a Checkered Accounting History
- Experts Have Been Warning for Months of an Unprecedented Stock Market Bubble Set to Explode
- Wall Street’s Mega Banks Are Bleeding Market Cap Like It’s March of 2020
- JPMorgan, Citigroup and BofA Ruled Not “Fit” to Participate in Huge European Bond Offering Because of Past Crimes
- Analyst Mike Mayo’s “Dose of Heaven” Prediction Turns to Hell for the Banks on Thursday
- Justice Department’s Investigation of Dodgy Archegos-Style Accounts at the Wall Street Mega Banks Is Likely the Cause of Plunge in Trading Revenues
- It’s Now Official: The Financial House that Jamie Dimon Built Is the Riskiest Bank in the United States
- Bezos Has Dumped Over $16.6 Billion of Amazon Stock Over the Last 17 Months – That’s More than He Sold Over the Prior Decade. Should Shareholders Worry?
- ProPublica’s Release of Leaked Tax Return Data for Billionaires: Why Wall Street’s Mega Banks Are Freaking Out
- Senator Elizabeth Warren Has One Word for Cryptocurrencies: “Lousy”
- Seven Years after Michael Lewis Described on National TV How the U.S. Stock Market Is Rigged, SEC Chair Gensler Says He’s Going to Tackle Market Structure
- There Is Not One Elected Official at the Federal Reserve, But It Has Been Unilaterally Rewriting the Rules on Wall Street Since 2007
- From London to Los Angeles, News Outlets Go Dark Around the World this Morning; Fastly Takes Blame
- The Wall Street Captured Fed Consolidates Its Power Under Biden
- Crypto Will Be Put Under the Microscope at June 30 House Hearing
- Crypto: Congress Dawdles as $1.7 Trillion Con-Game Goes Unregulated, Threatening Reputation of U.S. Markets
- Fed’s Reverse Repos Surge to Historic $485 Billion: What’s Wall Street Afraid of This Time?
- The Best Hedge Fund Performance in History; Now Clients Can’t Get Access to their Money
