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Recent Posts
- Jamie Dimon’s Washington Post OpEd Gets Pummeled at Yahoo Finance
- In the Span of 72 Hours, Four People Tied to a Hewlett-Packard Criminal Case Died in Two Separate Events
- Crypto Took Down Another Federally-Insured Bank and Just Handed Its CEO a 24-Year Prison Sentence
- All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels
- New Study Says the Fed Is Captured by Congress and White House — Not the Megabanks that Own the Fed Banks and Get Trillions in Bailouts
- Data from the Fed’s Emergency Funding Program Shows Spring 2023 Banking Crisis Was Far Deeper than Americans Were Told
- These FDIC-Insured Banks Have Lost 69 to 40 Percent of their Market Value Year-to-Date
- Exposure at Hedge Funds Has Skyrocketed to Over $28 Trillion; Goldman Sachs, Morgan Stanley and JPMorgan Are at Risk
- We Charted the Plunge and Rebound in the Nikkei Versus Nomura and Citigroup; the Correlation Is Frightening
- Former U.S. Labor Secretary Says Billionaires Have No Right to Exist Because their Wealth Comes from Five Illegal or Bad Practices
- Citigroup Is Having a Helluva Summer: A Protest on Thursday Will Turn Up the Heat
- Nikkei Has Biggest Drop in History: Here’s What’s Causing the Global Market Selloff
- JPMorgan Is Tapping Illiquid Assets in its Global Collateral Program; the New York Fed Is Paying for Its Services
- Bank Regulators Issue Warnings on Fintech and Banking as Disasters Pile Up
- Donald Trump Gives a Speech on Not Letting China Win the Crypto Race – Not Realizing China Banned Crypto Mining and Transactions Four Years Ago
- The New York Fed Has Contracted Out Key Functions to JPMorgan Chase; We Filed a FOIA and Got These Strange Invoices
- On the Eve of Netanyahu’s Address to Congress, Senator Bernie Sanders Delivers a Breathtaking Assessment of His War Crimes
- Trump’s Sit-Down with Netanyahu at Mar-a-Lago Will Cost U.S. Taxpayers Millions While Profiting Trump’s Business
- Protecting Trump and His Jet-Setting Adult Children During His Presidency Cost Taxpayers Over $1 Billion
- A Congressman and a Doctor Reported a Woman Being Shot at Trump Rally: She’s Vanished from Official Reports
- Jamie Dimon Goes Missing from Earnings Call, After Dumping $183 Million of His JPMorgan Chase Stock Earlier this Year
- U.S. Senate Candidate Backed by Hedge Fund Billionaires Was Sitting in Front Row at Trump Rally as the Sniper Fired into the Bleachers
- Project 2025: The Fossil Fuel and Banking Money Behind the Madness
- The Fund Created to Unwind a Failing Megabank Has a Problem: There’s No Money in It
- Joe Biden Versus the New York Times
- Grand Jury Transcript in Jeffrey Epstein Case Is Released, Raising Questions about Epstein’s Darkest Secrets Being Protected in JPMorgan Cases
- The Supreme Court Crowns a King, Immunizing Future Criminal Acts Under Project 2025 – a Right Wing Manifesto
- The Debate Disaster and the Supreme Court’s “Chevron” Repeal Have a Money Trail Leading to Charles Koch
- Congressman Andy Barr Stacks a Hearing on the Fed’s Stress Tests with Lobbyists for Megabanks
- The Fed Posts Historic Operating Losses As It Pays Out 5.40 Percent Interest to Banks
- Goldman Sachs’ Bank Derivatives Have Grown from $40 Trillion to $54 Trillion in Five Years; So How Did Its Credit Exposure Improve by 200 Percent?
- The Fed and FDIC Wake Up Suddenly to the Threat of Derivatives, Flunking the Four Largest Derivative Banks on their Wind-Down Plans
- Is the Stock Market Setting Investors Up for a Tech Bust Similar to the Dot.com Bust?
- Chase Bank Customers Are Reporting a Wave of Wire Fraud in their Accounts; the Bank Won’t Make Good on the Looted Funds
- The Senate Race in Ohio Is the Sickest in U.S. History in Terms of Billionaire Money from Outside the State
- Sullivan & Cromwell’s Legal Work for Sam Bankman-Fried’s Crypto House of Fraud Is Getting a Closer Look in Two Federal Court Cases
- Crypto Tries to Recreate the Koch Money Machine to Pack Congress with Shills
- French Fears Ignite Selloff in U.S. Megabanks and Foreign Peers
- Crypto Just Got Exponentially More Dangerous: Meet Fairshake
- Nvidia Hit a $3 Trillion Market Cap Last Week; Dark Pools Are Making Over 300,000 Trades in the Stock Weekly
- The Consumer Financial Protection Bureau Is Making Enemies in All the Right Places
- A Former Exec at Citibank Raises Alarm Bells in Federal Court Over Failed Risk Controls Inside the Bank
- Charles Koch’s Money Is Being Used in Elections in Ways Only Orwell Could Have Imagined
- Freakonomics and Frankenbanks: JPMorgan Chase Sucked Up 18 Percent of All Profits of 4,568 FDIC-Insured Banks in the First Quarter
- Academic Study Provides Hard Numbers to the Sick, Revolving Door Culture at Goldman Sachs, JPMorgan and Citigroup
- $244 Billion of Treasury Debt to Hit the Market Today and Tomorrow as Interest Rates Spike on Ballooning Supply
- CFTC Fines J.P. Morgan Securities — a Fed Primary Dealer — $100 Million for Failing to Surveil Potential Spoofing and High Frequency Trading for Eight Years
- Another FDIC-Insured Bank Got in Bed with Fintech; It’s Now Got a Dumpster Fire and Desperate Pleas from Customers for their Money
- Citigroup Gets Fined $79 Million Two Years After It Caused a $300 Billion Flash Crash in European Stock Markets
- After Weeks of Howling by MAGA Republicans for the Chair of the FDIC “to Resign,” a Democrat Delivers the Decisive Stab in the Back
Search Results for: koch
The Kavanaugh Nomination’s Money Trail Leads Back to Clarence Thomas
![](https://wallstreetonparade.com/wp-content/uploads/2018/09/Kavanaugh-Thumbnail-149x150.jpg)
By Pam Martens and Russ Martens: September 26, 2018 ~ The dark money stench now surrounding the Brett Kavanaugh Supreme Court nomination bears a striking resemblance to what happened in the backdoor effort to land Clarence Thomas onto the Supreme Court in 1991. After credible testimony from Anita Hill over egregious sexual harassment by the nominee, Thomas was confirmed in a 52 to 48 vote by the Senate on October 15, 1991. That was the narrowest margin for a Supreme Court nominee in more than a century. In 2011 it emerged that Virginia Thomas, wife of Clarence Thomas, had received at least $1,051,214 in compensation from the Heritage Foundation from 1999 to 2007 while Thomas sat as a Supreme Court justice. Despite his legal requirement to report that income and its source, he had failed to do either and had to amend years of his financial disclosure reports. The Heritage … Continue reading
Kavanaugh’s Fox News Interview: Dark Money Transforms Him into a High School Virgin Who Went to Church Every Sunday
![](https://wallstreetonparade.com/wp-content/uploads/2018/09/Kavanaugh-Thumbnail1-150x82.jpg)
By Pam Martens and Russ Martens: September 25, 2018 ~ Last evening we got a sneak peek at what all of that coaching of Supreme Court nominee Brett Kavanaugh at the White House over the past two months has done for his demeanor under fire. He’s now effectively been turned into a cross between Fred Rogers, the beloved host of the children’s show Mister Rogers’ Neighborhood and Ward Cleaver, the wholesome dad in the 1950s sitcom, Leave It To Beaver. In an interview last evening with Fox News host Martha MacCallum, Kavanaugh sat next to his wife Ashley and did everything just short of singing the refrain “look at me I’m Sandra Dee, lousy with virginity.” Kavanaugh told MacCallum that he was a virgin throughout his high school years and “many years after.” What he focused on at his elite private high school known as Georgetown Preparatory in North Bethesda, … Continue reading
There’s a New Bible Out for Defeating the Trump Era and Its Corporate Masters
![](https://wallstreetonparade.com/wp-content/uploads/2018/09/Manifesto-For-Social-Progress-150pix-150x150.jpg)
By Pam Martens and Russ Martens: September 21, 2018 ~ Wall Street On Parade has repeatedly called attention to the fact that President Donald Trump, who ran on a fiercely populist platform of helping the little guy, infused his administration from the get-go with lawyers and executives connected to the fossil fuels conglomerate, Koch Industries, and/or front groups funded by its two majority owners, billionaires Charles and David Koch. Now a step-by-step guide has been published on how to defeat the new-age robber barons, the corporate structure that made them billionaires while leaving workers with crumbs, and the enshrined political system that marches to the crack of their unaccountable whip. Released by Cambridge University Press on August 31, the book is titled “A Manifesto for Social Progress: Ideas for a Better Society,” by Marc Fleurbaey, Professor in Economics and Humanistic Studies at Princeton University and a prolific social justice author. … Continue reading
Republican Candidates Are Paying a Fossil Fuels Conglomerate for Voter Data Mining
By Pam Martens: August 31, 2018 ~ Koch Industries is a fossil fuels conglomerate with estimated revenues of more than $100 billion annually and 130,000 employees spread around the globe. It’s one of the largest, private corporations in the world with a history of funding nonprofit front groups and political candidates who are climate change skeptics. Typically, political payments go in one direction from this behemoth: from the Koch Industries Super Pac (KochPac) to Republican political candidates or political committees. Now, quietly, political payments are going in both directions, effectively creating an Orwellian campaign finance model. Quietly, and without any corporate press release on such an unusual acquisition, Koch Industries has purchased i360, a vast voter database and data harvesting operation. According to i360’s website, it has “1800 unique data points” on 290 million American consumers as well as detailed information on 199 million voters from all 50 states. It … Continue reading
As White House Coups Go, Wall Street Has Staged Plenty
![](https://wallstreetonparade.com/wp-content/uploads/2012/09/Donald-Regan-Former-U.S.-Treasury-Secretary-from-Merrill-Lynch-150x150.jpg)
By Pam Martens and Russ Martens: September 11, 2018 ~ The reverberations from the New York Times OpEd last week, where an anonymous “senior official” in the Trump administration effectively described a coup taking place to stop the President’s mad impulses, are still shaking the nation. But President Donald Trump, from the day he took office, has been little more than a titular figure head for the fossil fuels industry – with Koch Industries in particular calling the shots. The Trump administration took the unthinkable step of removing the United States from the Paris Climate Accord and there is breaking news that the Environmental Protection Agency will ease rules on methane gas emissions for oil and gas companies like Koch Industries. The only real difference between this coup and past coups is that Koch Industries and its front group, Freedom Partners, are so much more in your face than Wall … Continue reading
Is It Social Media or Corporate Surveillance? Facebook’s Business Model
![Facebook CEO Mark Zuckerberg Testifies Before Congress on April 10, 2018 on His Company's Technology Failings](https://wallstreetonparade.com/wp-content/uploads/2018/07/Facebook-CEO-Mark-Zuckerberg-Testifies-Before-Congress-on__-April-10-2018-on-His-Companys-Technology-Failings-ii-150x150.jpg)
By Pam Martens and Russ Martens: September 4, 2018 ~ It’s time to ask this question: is Facebook wearing the friendly façade of a social media company while actually operating as a high tech citizen surveillance center? We’ll get to that in a moment, but first a look at what an actual citizen surveillance center looks like in New York City. In 2012 we broke the story that the intrepid CBS investigative program, 60 Minutes, had aired a fawning piece on the Lower Manhattan Security Coordination Center. That center is a high tech surveillance center built with over $150 million in taxpayers’ money that uses thousands of spy cameras owned by Wall Street banks together with thousands more owned by the New York City Police Department to spy on millions of law-abiding citizens in lower Manhattan. Data feeds from the cameras are routed to a central computer in the center … Continue reading
Deutsche Bank and Citigroup Bleed More Equity Yesterday: The Reason Should Concern Us All
![Deutsche Bank Headquarters in Frankfurt, Germany](https://wallstreetonparade.com/wp-content/uploads/2016/10/deutsche-bank-150x150.jpg)
By Pam Martens and Russ Martens: August 16, 2018 ~ Spasms in big Wall Street bank stocks have been happening on a serial basis over the past three years. (See here and here.) Yesterday offered another one of those bank warning signs to a Congress intent on further deregulation of an already dangerously deregulated market. As the stock market grappled yesterday with fears of sinking emerging market currencies leading to loan defaults at European banks that are derivative counterparties to the biggest banks on Wall Street, the Wall Street banking sector was a sea of red. Two banks in particular sold off more than others. Deutsche Bank is the big German lender that trades on the New York Stock Exchange. It closed with a loss of 2.61 percent versus a much milder decline of 0.76 percent in the Standard and Poor’s 500 Index. Posting a final trade of $11.19, Deutsche … Continue reading
Meet Dark Money’s Secret $68 Million Donor
![Riverside County Sheriff officers guard the entrance to a Rancho Mirage, California luxury resort where the Koch brothers held their January 2011 political strategy confab.](https://wallstreetonparade.com/wp-content/uploads/2013/05/110130_8246-150x150.jpg)
By Pam Martens and Russ Martens: August 14, 2018 ~ In 2010 we broke the news that a secretive nonprofit called Donors Capital Fund (with the fingerprints of billionaire Charles Koch all over it) had forked over $17,778,600 to fund a widely distributed race-baiting film in the weeks before the 2008 election – an election in which the first black man, Barack Obama, was the Democratic candidate for President. Donors Capital Fund accepts donations from multiple donors and keeps their identities secret, so exactly who funded the actual payment for the film is still unknown. Recently, we decided to see what Donors Capital Fund has been up to lately. We went to the publicly filed tax returns available online at the Foundation Center and Guidestar. The most recent available tax return is for 2016. Curiously, the schedule of the tax return that shows to whom disbursements were made was missing … Continue reading
About that Meeting Stanley Fischer Had with an Alleged Russian Spy
![](https://wallstreetonparade.com/wp-content/uploads/2014/03/Stanley-Fischer-Former-Vice-Chairman-of-Citigroup-Nominated-to-Serve-as-Vice-Chairman-of-the-Federal-Reserve-Board-of-Governors-150x150.jpg)
By Pam Martens and Russ Martens: July 23, 2018 According to a report at Reuters yesterday, while Stanley Fischer (the former head of the Israel Central Bank) was sitting in the curious position as Vice Chair of the Federal Reserve in 2015 (the U.S. central bank), he took a meeting with Maria Butina, whom U.S. prosecutors charged last week with being a Russian spy. That’s pretty embarrassing. But that turns out not to be the most interesting part of the Reuters story. The newswire reports that the meeting was arranged by “the Center for the National Interest, a Washington foreign policy think tank….” As it turns out, foreign policy is not exactly all that this taxpayer-subsidized nonprofit does. According to Greenpeace, based on very solid evidence, this is a “Koch Industries climate denial front group.” The Center for the National Interest publishes a magazine, National Interest, which Greenpeace says in … Continue reading
Senate’s PSI Has Moved from Wall Street Frauds to Drugs and Red Tape
![Republican Senator Rob Portman of Ohio](https://wallstreetonparade.com/wp-content/uploads/2018/07/Republican-Senator-Rob-Portman-of-Ohio-ii-150x150.jpg)
By Pam Martens and Russ Martens: July 16, 2018 There’s a very good reason that major Wall Street frauds haven’t been in the headlines of late. It’s certainly not because those frauds aren’t taking place at this very moment all across Wall Street and its stealthy operations in London. It’s also not simply that the U.S. Justice Department is consumed with Russian spies and the President of the United States remains obsessed with Hillary Clinton’s email server. It’s because the major investigative body of Wall Street in the U.S. Senate, the Permanent Subcommittee on Investigations, has been turned into a sleepy little backwater that has held only two hearings this year and only three during all of last year and not one of those hearings has focused on Wall Street crime. One hearing was on government red tape; two were on opioids; and two were on sex traffickers. Those are … Continue reading