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Recent Posts
- The Professor Who Wrote the Seminal Book on Wall Street Megabanks Calls Today’s Financial System “Dangerously Unstable”
- Gold Has Set Historic Highs this Year as the Federal Reserve Has Reported Historic Losses
- Stanford Finance Professor Anat Admati Is Making Jamie Dimon Very Nervous – Again Calling His Bank “Dangerous”
- Jamie Dimon Dumped $150 Million of His JPMorgan Stock in February; Now He Says His Regulators Want 25 Percent More Capital at his Bank
- The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting
- New York Fed Will Not Confirm or Deny that 5-Count Felon JPMorgan Chase Is Custodian of $2.4 Trillion of Its Securities
- For the First Time in History, the Fed Is Reporting Billions in Losses Weekly; It’s Still Paying High Interest Income to the Mega Banks on Wall Street
- There’s a Revival of the Dotcom-esque Froth in Today’s Markets; Cathie Wood Is Standing in for Henry Blodget and Jack Grubman; Nasdaq Is Playing Nasdaq
- Study Finds Wall Street Mega Banks Have Overstated Income for Years on Commercial Real Estate Loans They Sell to Investors
- Jamie Dimon Huddles in Private with Biden Bigwigs as His Bank Faces More Crime Charges
- Report: Five Banks Have a Combined Half Trillion Dollars in Commercial Real Estate Loans; Number 1 is JPMorgan Chase
- Billionaire Larry Fink of BlackRock, Which Grabbed Fed Bailouts in 2020-2021, Lectures Struggling Seniors on Making More Sacrifices
- Almost 10,000 U.S. Banks Have Disappeared Since 1985, Leaving 4 Mega Banks Controlling 39 Percent of Bank Assets
- Wall Street’s Go-To Law Firm, Sullivan & Cromwell, Got in Bed with Crypto; Now Its Reputation Is Being Hammered
- More Failed Banks and Office Building Demolitions Likely Before Real Estate Problems End, Warn Two Federal Agencies
- During Spring Bank Panic of 2023, Liquidity Advances from FHLBs Topped Those of Q4 2008, when Wall Street Was in Collapse
- JPMorgan’s Federally-Insured Bank Is Fined $348 Million for Losing Track of “Billions” of Trades
- Hedge Fund Titan John Paulson Made $1 Billion in an Illegal Goldman Sachs Deal; Trump Is Now Floating Him for Treasury Secretary
- Wall Street Mega Banks Have Drawn a Law-Free Zone Around Themselves – The Media Is Complicit
- A Financial Writer at New York Times Admits He’s Been Misrepresenting Bank Capital for 14 Years
- FDIC Data Contradicts Fed Chair Powell: Shows Real Estate Problems Have Skyrocketed at Largest U.S. Banks, Not the Smaller Regionals
- Senator Elizabeth Warren Calls Fed Chair Powell “Weak-Kneed”; Says He Is “Driving Efforts Inside the Fed” to Gut Higher Capital Requirements
- Steve Mnuchin, Trump’s Treasury Secretary/Foreclosure Kingpin, Joins with Hedge Fund Guys to Grab a Teetering, Federally-Insured Bank for $2 a Share
- Wall Street Mega Banks Have Created a Circular Firing Squad with Credit Derivatives and Capital Relief Trades – with the Fed’s Blessing
- New York Community Bancorp Was JPMorgan’s Top Regional Bank Pick for 2024; It’s Lost 73 Percent Y-T-D and Had Its Deposit Rating Downgraded to Junk
- Watchdog, Better Markets, Investigates the Bank that Has Lost 65 Percent of Its Market Value in Two Months and Was Downgraded to Junk by Moody’s
- The Fed Pretends to Send a Warning to Wall Street’s Mega Banks on Derivatives and Counterparty Risk
- $87 Million Buys This for Jamie Dimon: David Boies Can’t Utter the Words “JPMorgan Chase” in a Jeffrey Epstein Sex Trafficking Case
- Jamie Dimon and Nine of His Top Executives at JPMorgan Chase Have Dumped Over $150 Million of their JPMorgan Stock in Last Two Months
- These Charts Reveal Why the Fed Is Frightened about Capital Levels at the Wall Street Mega Banks
- Wall Street Law Firm Sullivan & Cromwell Gets Sued Over Allegations It Aided and Abetted the FTX Crypto Fraud
- JPMorgan Says Its “Trading Venues” Are Under Investigation While It’s Still on Probation for Prior Trading Crimes
- Jamie Dimon Is Desperate to Pin the Jeffrey Epstein Scandal on Jes Staley; Bloomberg News Is Carrying His Water — Again
- Citigroup Is Having a Very Bad Week; Regulators Are Breathing Down Its Neck
- Five Wall Street Banks Hold $223 Trillion in Derivatives — 83 Percent of All Derivatives at 4,600 Banks
- Jamie Dimon’s Statement Last Month that Trump “Was Kind of Right About NATO,” Sounds Even More Unhinged Today
- S&P 500 Sets a Record on Wednesday as Banks Continue Tanking
- NYCB Downgraded to Junk; Shocking Charts for Citigroup, Barclays and Deutsche Bank
- Reporters Who Ask Tough Questions at Fed Press Conferences Have a Habit of Being Disappeared from the Room
- Jamie Dimon Has Spent $117 Billion Propping Up JPMorgan’s Share Price with Buybacks in 10 Years; He’s Counting on Trump’s MAGA Crowd to Rescue Him
- Bank Fraud Enters a New Era: Bank-to-Bank Wire Transfers Loot Customers
- Senator Sherrod Brown Takes on the Fed’s Support of Wealth Stripping the Middle Class
- JPMorgan Chase Has Used the Same Auditor for 58 Years, Despite Giant Frauds at the Bank in the Last Nine Years
- The Fed Has a Dirty Little Secret: It’s Been Allowing the Wall Street Mega Banks to Calculate their Own Capital Requirements
- The Battle Over Capital at the Mega Banks Must Expand to Breaking Them Up
- Robert Kaplan Was Heavily Trading on May 1, 2020; One Day After a Fed Blackout Period and the Same Day He Made a Shocking Prediction on TV
- Naming Names: Professor Exposes the Banking Cartel that Has Hijacked U.S. Democracy
- A Fed Whistleblower Reveals Efforts to Silence Him 30 Years Ago
- The DOJ’s Incestuous Relationship with Jamie Dimon Is Captured in a Graphic from an Historic Lawsuit
- Everything that’s Dangerous about U.S. Banks Today in One Highly Readable Book
Search Results for: kavanaugh
Law Firm Williams & Connelly Takes the Fed to Court on Behalf of a Peculiar Crypto Startup
By Pam Martens and Russ Martens: August 23, 2022 ~ Caitlin Long is the founder and CEO of a crypto startup called Custodia Bank, previously known as Avanti Financial Group. Custodia is allowed to call itself a “bank” – despite the fact that it does not have FDIC insurance on deposits – because of a 2019 law in Wyoming that allows Custodia to operate as a Special Purpose Depository Institution (SPDI). The lack of federal insurance on bank deposits and Wall Street’s wild speculations are what led to thousands of banks going belly up following the 1929 stock market crash. Wyoming has become to crypto what the state of Delaware is to corporate secrecy – a very friendly venue. Since 2018, Wyoming has passed a flurry of laws to effectively roll out the red carpet to crypto startups and their army of lobbyists. The University of Wyoming even offers a Minor … Continue reading
Secret Service, DHS, FBI: Trump Appointees Remain at the Helm of Agencies Involved in What the Public Perceives as Evidence Destruction and Coverups
By Pam Martens: August 5, 2022 ~ During my career in finance, I had the privilege to work for A.G. Edwards, a century old Wall Street firm led at the time by Ben Franklin Edwards III, the fifth generation of the Edwards family to steward the company. Once, when Edwards was visiting our branch in New York, he shared with us his philosophy on how to deal with a rogue broker. He said he would use a scalpel to remove him from the organization, making sure to get any cancer he might have spread. What kind of cancer could a crooked broker spread? Just think about how Bernie Madoff corrupted everything he touched: his accountants; his IT staff who cooked up fake client statements; his brother, Peter Madoff, who ridiculously served as his Chief Compliance Officer; and even the bank that held his business account, JPMorgan Chase, whose reputation was severely … Continue reading
The Dark Money “Ring” of Charles Koch and Leonard Leo Gets an Airing Before the U.S. Senate – Followed by a Mainstream Media News Blackout
By Pam Martens and Russ Martens: March 15, 2021 ~ Last Wednesday, March 10, a Subcommittee of the Senate Judiciary Committee held a hearing of critical importance to every American on the growing tsunami of dark money that is corrupting the U.S court system, up to, and including, the U.S. Supreme Court. Senator Sheldon Whitehouse (D-RI), who has written extensively on the corrupting influence of dark money on American democracy, chairs that Subcommittee on Federal Courts, Oversight, Agency Action and Federal Rights. One would have thought that every major print and broadcast news outlet would have covered that hearing. Instead, the silence was deafening and smacked of censorship. The one peep that was heard from a major news outlet was a snarky attack on Whitehouse himself on the day of the hearing by the corporatized, right-wing Editorial Board of the Wall Street Journal, part of the Rupert Murdoch empire. The “Editorial … Continue reading
Yesterday’s Stock Market Was Not Normal – And We’ve Been Watching Markets for 32 Years
By Pam Martens: October 5, 2018 ~ Add the stock market to the growing list of things that are not normal in the U.S. We’ll get to the details of yesterday’s appearance of a rigged market in a moment, but first a small sampling of the other abnormal ways the U.S. is currently functioning. The U.S. has a President and Commander-in-Chief who is credibly accused by his own lawyer of engaging in political campaign fraud by paying hush money to women whose stories could have impacted the 2016 presidential election. The same President is credibly accused by the New York Times of engaging in tax fraud. That same man is also the subject of a criminal probe by Special Counsel Robert Mueller. And yet, Donald Trump is allowed to nominate a judge who will sit on the highest court in the land for a lifetime – a man who is, like … Continue reading
The State of the Union and Wall Street
By Pam Martens and Russ Martens: October 3, 2018 ~ On August 14, the President of the United States, Donald Trump, tweeted that an African-American woman he had previously hired to work in the White House, Omarosa Manigault Newman, is a “crazed, crying lowlife” and a “dog.” In any other executive job in America, those published words would be grounds for immediate dismissal. Yesterday, while attending a political rally in Mississippi, that same President mocked Dr. Christine Blasey Ford, the courageous professor who gave sworn testimony before the Senate Judiciary Committee on September 27 that Supreme Court nominee Brett Kavanaugh had sexually assaulted her when she was 15 and he was 17. Dr. Ford also submitted to the Senate the results of the lie detector test that she had passed and affidavits from four people she had told about the assault in earlier years. Trump mocked Dr. Ford’s sexual assault testimony … Continue reading
Ad Calls Senators Warren, Sanders, and Merkley “Extremists” Over Supreme Court Position
By Pam Martens and Russ Martens: July 11, 2018 ~ Just days before President Trump announced his Supreme Court nominee Brett Kavanaugh on Monday evening, a dark money group called the Judicial Crisis Network (JCN) was airing a television ad calling some of the most trusted Democrats “extremists.” As photos of Senators Elizabeth Warren, Bernie Sanders and Jeff Merkley flashed across the screen (along with other well known Democrats) a voice warned that these “extremists will lie and attack the nominee.” One thing this threesome actually stands out for is telling the hard truths to the American people. During his presidential bid in 2016, Sanders traveled around the country telling tens of thousands of people at his rallies that the “business model of Wall Street is fraud.” Warren exposed the $6 trillion in a backdoor bailout that the Federal Reserve had funneled secretly to Citigroup, Morgan Stanley and Merrill Lynch during … Continue reading
The Dark Money Behind Trump’s Supreme Court Pick
By Pam Martens and Russ Martens: July 10, 2018 ~ There is something revoltingly un-American about a man who stands with his wife and two young daughters to accept the nomination for the highest court in America, talks about feeding the homeless and coaching girls’ basketball – all the while knowing that a lot of very dirty corporate money lurks in the shadows of his nomination. We’re talking about the fact that Trump made his Supreme Court nominee selection of Brett Kavanaugh from a list that was pre-approved by the Federalist Society – a receptacle for the dark money that flows from the billionaire Charles Koch’s network of corporate polluters and democracy-killing front groups that got the Supreme Court to rubber stamp unlimited corporate money in political campaigns via the Citizens United decision in 2010. According to the Desmog, using data compiled by the Conservative Transparency project, Donors Trust and Donors … Continue reading