-
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
Search Results for: JPMorgan
Now that Indictments Have Outed Gold Manipulations at JPMorgan, UBS Says “Buy Gold”

By Pam Martens and Russ Martens: September 29, 2020 ~ On December 6 of last year, Bloomberg News reported that Goldman Sachs and the Justice Department were in discussions to settle criminal charges related to the 1MDB Malaysia sovereign wealth fund bribery and kickback scheme for possibly $1.5 to $2 billion. Bloomberg reporters wrote that “a settlement could be announced as soon as next month.” It’s 10 months later and there has been no such settlement with the Justice Department. So you might want to factor that into your reading of the latest reporting at Bloomberg News predicting an imminent settlement between the Justice Department and JPMorgan Chase over the bank’s role in rigging precious metals markets. (Although JPMorgan might, indeed, be eager to settle the case with this Justice Department rather than gamble on a new Justice Department under a different president.) While multiple indictments have been handed down … Continue reading
Jamie Dimon and JPMorgan’s PAC Are Financially Supporting Mitch McConnell’s Reelection Bid

By Pam Martens and Russ Martens: September 23, 2020 ~ Jamie Dimon, Chairman and CEO of JPMorgan Chase, can no longer hide his political leanings. We’ve got his Federal election records and they’re not pretty. Tens of thousands of Dimon’s employees are now going to have to come to grips with the fact that Dimon and their bank’s Political Action Committee (PAC) are supporting Mitch McConnell’s reelection, a man many would rather see pummeled in the public square than return to the U.S. Senate. According to Morning Consult, Senate Majority Leader Mitch McConnell of Kentucky is the second most unpopular member of the U.S. Senate, just behind Susan Collins of Maine. John Harris, the founding Editor of Politico, has a column up this morning where he calls McConnell “a skilled practitioner of the politics of decline” and refers to McConnell’s mind as “ruthless rationality.” Harris goes on to offer this … Continue reading
3-Count Felon, JPMorgan Chase, Caught Laundering More Dirty Money

By Pam Martens and Russ Martens: September 21, 2020 ~ The International Consortium of Investigative Journalists (ICIJ) has once again managed to do what federal bank regulators refuse to do in the United States – come clean with the American people about our dirty Wall Street banks. ICIJ dropped a bombshell investigative report yesterday about money laundering for criminals at some of the biggest banks on Wall Street, but you won’t find a peep about it on the front page of today’s Wall Street Journal or New York Times’ print editions. In fact, the New York Times, as of 6:44 a.m. this morning, hasn’t reported the story at all. The Wall Street Journal carries an innocuous headline, “HSBC Stock Hits 25-Year Low,” putting the focus on the British bank, HSBC, when its focus should be on the largest bank in the U.S., JPMorgan Chase, a serial felon. JPMorgan Chase has … Continue reading
The Untold Story of the Nasdaq Whale: SoftBank’s a Guppy; JPMorgan’s a Whale

By Pam Martens and Russ Martens: September 8, 2020 ~ Last week there was a big buzz among financial media outlets regarding the Japanese conglomerate, SoftBank. According to unnamed sources who spoke to the Financial Times, over the past few months SoftBank has paid about $4 billion in premiums, buying call options on individual U.S. technology stocks. The Financial Times called SoftBank the Nasdaq Whale and said its call buying had “stoked the fevered rally in big tech stocks before a sharp pullback” at the end of last week. A call option on an individual stock is a derivative that gives the buyer the right, but not the obligation, to purchase the actual stock at a specified price (strike price) over a specified time period. According to the Financial Times, the call options purchased by SoftBank gave it exposure to approximately $30 billion in the stock of big tech companies. … Continue reading
When It Comes to JPMorgan, Warren Buffett Isn’t Buying the Spin from the Fed and the Street

By Pam Martens and Russ Martens: August 26, 2020 ~ At his press conference on June 10 of this year, Fed Chairman Jerome Powell said this about the U.S. banking system, which includes a little more than 5,000 federally insured banks but is dangerously concentrated in the hands of just five mega banks on Wall Street. “You have a banking system that is so much better capitalized, so much stronger, better aware of its risks, better at managing its risks, more highly liquid. You have all of those things and they’ve been lending, they’ve been taking in deposits, they’ve been a source of strength in this situation.” Warren Buffett, Chairman and CEO of Berkshire Hathaway, is apparently not buying the story that Powell is attempting to sell to the public. According to Berkshire Hathaway’s 13F filing with the Securities and Exchange Commission for the quarter ending June 30, 2020, Buffett … Continue reading
3-Time Felon JPMorgan Chase Wants to Burnish Its Image by Co-Branding with the U.S. Postal Service’s 91 Percent Approval Rating

By Pam Martens and Russ Martens: August 20, 2020 ~ We have a marketing suggestion for the U.S. Postal Service Board of Governors if it is nutty enough to accept JPMorgan Chase’s overture to place its ATM machines on the premises of U.S. post offices. The marketing idea goes like this: place a big red, white and blue sign over each JPMorgan Chase ATM machine that reads: “From the wonderful folks who were Bernie Madoff’s bankers.” Business media was abuzz yesterday with the news that JPMorgan Chase has had conversations with the U.S. Postal Service regarding placing the bank’s ATM machines in post office branches. CNBC quoted Trish Wexler, a spokeswoman for JPMorgan Chase, confirming the talks and making the following statement: “We had very preliminary conversations with the U.S. Postal Service several months ago about what it might look like to lease a small number of spaces to place … Continue reading
The Fed Rides to the Rescue of JPMorgan and Citi Again – This Time It’s Their Commercial Real Estate Mortgages

By Pam Martens and Russ Martens: July 20, 2020 ~ Quietly, on July 13, the New York Fed published a list of asset-backed loans that it had approved for eligibility in one of its emergency lending programs, the Term Asset-Backed Securities Loan Facility, otherwise known as TALF. The New York Fed stuck a smattering of small business loans and one student loan product on the list. Everything else was securitized pools of mortgages on commercial real estate, much of it issued by JPMorgan and Citigroup. TALF was supposed to help the consumer by keeping interest rates down on consumer loans. It’s pretty tough to find a connection between the consumer and commercial real estate mortgages on hotels, shopping malls and office buildings. One thing notable about the New York Fed’s approved list is that the securitizations of these commercial mortgages by JPMorgan had occurred as far back as 2013 and … Continue reading
Using Bank Deposits, JPMorgan Chase Lost $3.2 Billion Trading Stocks and Credit Derivatives in First Quarter

By Pam Martens and Russ Martens: July 13, 2020 ~ Imagine if every bank customer was greeted this week with a big sign just inside their Chase Bank branch that said this: “Dear Customers: We lost $3.2 billion trading stocks and credit derivatives in the first quarter. We did that using your bank deposits. But don’t worry, that pales in comparison to the $6 billion we lost in 2012 in the London Whale mess.” JPMorgan Chase is the largest bank in the United States. Each and every week, millions of Americans write out a check on their account at one of the more than 5,000 branches of Chase Bank; or drop into a branch to open a savings account for a grandchild; or to put money into their own retirement account; or to seek financial advice. Everything looks very crisp, clean, consumer friendly and professional inside that individual bank branch. … Continue reading
Deutsche Bank Fined $150 Million for Enabling Jeffrey Epstein; Where’s the Fine Against JPMorgan Chase?

By Pam Martens and Russ Martens: July 8, 2020 ~ As we reported yesterday, the U.S. Justice Department has been sitting on mountains of evidence against Jeffrey Epstein’s child sex-trafficking operation and his co-conspirators since July of 2006 when the Palm Beach, Florida Police Chief, Michael Reiter, handed a deeply investigated case against Epstein and his co-conspirators over to the FBI. After crafting a cozy 18-month work-release deal with Epstein in 2008 based on only Florida state charges (and then releasing him from jail five months early) the Justice Department allowed Epstein to return to business as usual for another 10 years until his arrest by the U.S. Attorney’s Office for the Southern District of New York in July 2019. That same Justice Department allowed Epstein to die with many of his secrets intact as a result of the negligence of the federal prison system to properly monitor him. That … Continue reading
As Goldman Sachs and JPMorgan Face Criminal Probes, Barr Fires Top Prosecutor; Tries to Replace Him with Banks’ Former Lawyer, Jay Clayton

By Pam Martens and Russ Martens: June 20, 2020 ~ Shortly after 9 p.m. last evening, the U.S. Attorney General, William Barr, stunned prosecutors in the Southern District of New York with the announcement that their boss, Geoffrey Berman, was stepping down as U.S. Attorney in that District and would be replaced with the sitting Chairman of the Securities and Exchange Commission, Jay Clayton, who lacks even a shred of criminal prosecution experience. What Clayton does have is a lot of experience representing Wall Street’s largest banks, like Goldman Sachs and JPMorgan Chase, both of whom are currently under intense criminal investigations by the Justice Department. Clayton was a former partner at Wall Street’s go-to law firm, Sullivan & Cromwell, which is currently representing Goldman in the criminal case and representing JPMorgan in various matters. The breaking news last night went downhill from there. Several hours after Barr’s announcement, Berman … Continue reading