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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: koch
Will Senator Toomey Engage in Koch-Speak at Today’s Senate Confirmation Hearing?
By Pam Martens and Russ Martens: March 2, 2021 ~ The Senate Banking Committee will convene today to conduct confirmation hearings for President Joe Biden’s nominees to fill two key Wall Street watchdog posts: Gary Gensler to Chair the Securities and Exchange Commission (SEC) and Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB). As a result of Democrats taking control of the Senate, Sherrod Brown, a Democrat from Ohio, is the new Chair of the Senate Banking Committee. Curiously, however, the prior Republican Chair of the Senate Banking Committee, the mild-mannered Mike Crapo of Idaho, is not the Ranking Member of the Committee. He has been replaced by a man far more likely to engage in aggressive Koch-speak, Republican Senator Pat Toomey of Pennsylvania. (Toomey was all set to become the new Chair of the Senate Banking Committee but then things went south in Georgia and Democrats picked … Continue reading
Are We Watching the Trial of Trump or the Invisible Hand of the Koch Machine?
By Pam Martens and Russ Martens: February 11, 2021 ~ The shadowy escalations of Koch money and power in U.S. politics over the past four decades has far outpaced mainstream media’s ability to quantify it to the public. The media deludes itself that it is dealing with the problem by talking about the symptoms of corporate and billionaire money in political campaigns while ignoring the actual disease – the Party of Koch. The rise of Trumpism is merely a symptom of the Party of Koch. The violent mob in the Capitol on January 6, attempting to overturn a duly conducted election, is merely a symptom of the Party of Koch. If Donald Trump is banned from ever again holding federal political office, and he should be, Congress still has done nothing to deal with the actual disease – the Party of Koch. Charles Koch has been the Chairman and CEO … Continue reading
The Money Trail to the Siege at the Capitol Leads to Charles Koch and Koch Industries
By Pam Martens and Russ Martens: January 20, 2021 ~ The FBI has asked the public for help in collecting evidence surrounding the siege at the Capitol on January 6 — an insurrection that left five people dead, dozens injured, and Congressional members’ offices ransacked and laptops stolen. The violent scenes at the Capitol played out live on TV, humiliating the United States around the world. The world will watch President-Elect Joe Biden’s inauguration today, surrounded by 25,000 National Guard Troops in Washington, D.C. These images will further undermine the standing of the United States among world leaders. Because the FBI seems to have ignored for decades the serial warning signs regarding Charles Koch, Koch Industries and their intrusions into elections, we’re providing the FBI a simple and clear roadmap today. Charles Koch is the billionaire Chairman and CEO of Koch Industries, one of the largest private corporations in the … Continue reading
Pull Back the Curtain on Trump’s Call to Georgia Election Officials and Out Pops the Kochtopus
By Pam Martens and Russ Martens: January 5, 2021 ~ Last Saturday, the sitting President of the United States, Donald Trump, called the Secretary of State of Georgia, Brad Raffensperger, and told him this: “I only need 11,000 votes. Fellas, I need 11,000 votes. Give me a break.” The Washington Post has posted the audio of the call. That phone call has come under withering criticism as an attempt to coerce votes from a state Trump lost in the November 3 election. Among those on the call as an apparent advisor to Trump was attorney Cleta Mitchell, who at no point suggested to Trump that what he was saying might be illegal. Mitchell is a long-time law partner at Foley & Lardner, which is now attempting to distance itself from the mess. The law firm released a statement which coyly stated: “We are aware of, and are concerned by, Ms. Mitchell’s … Continue reading
Charles Koch Attempts an Apology Tour after He and His Father Financed a Political Hate Machine for Six Decades
By Pam Martens and Russ Martens: November 16, 2020 ~ Fossil fuels billionaire Charles Koch, the invisible hand behind the worst instincts of the Trump administration, has launched more deception with an apology tour, a new book and interviews last week with the Washington Post and Wall Street Journal. But the folks who know Koch best are having none of it. Jane Mayer, author of the 500-page Koch history tome, Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right, fired back on Twitter with this: “Oops says Billionaire Political Donor Charles Koch in new book. He now regrets corrupting American democracy, along with the planet.” Medhi Hasan, British-American political journalist on Peacock’s news channel, had an even harsher assessment: “If there’s a figure who could compete with Mark Zuckerberg for the award of most destructive influence on modern American political life, it would be … Continue reading
The Dangerous and Invisible Hand in the 2020 Election: Charles Koch’s i360
By Pam Martens and Russ Martens: November 5, 2020 ~ As Congress and 17 intelligence agencies of the U.S. government have investigated Russia engaging in interference in U.S. presidential elections, here is what has been going on right under the nose of the Senate Intelligence Committee, the Justice Department and all those intelligence agencies: one of the largest privately-owned companies in the world, Koch Industries, which has a massive financial interest in being allowed to continue to pollute the environment with its fossil fuels businesses, is allowed to simultaneously run a political campaign funding network as well as a political data mining and voter targeting operation on an unprecedented scale. The Chairman and CEO of Koch Industries, billionaire Charles Koch, sits atop this political juggernaut and has been given far too much cover by mainstream media. As television networks struggle to explain the spread of hate and divisiveness in America, … Continue reading
Charles Koch Should Be on the Presidential Debate Stage Tonight, Not Donald Trump
By Pam Martens and Russ Martens: October 22, 2020 ~ Anyone who has carefully studied the presidency of Donald Trump knows that his job is Distractor in Chief. Investigative reporters for the New York Times have spent endless hours compiling Trump’s tax evasions and unreported foreign bank account in China. The Washington Post has spent endless hours compiling more than 20,000 lies Trump has told since taking office. But the real man in charge of directing the agenda of the Trump administration, fossil fuels billionaire Charles Koch, has received far less scrutiny. Yesterday, former President Barack Obama delivered a speech at a campaign rally in Philadelphia for Democratic presidential candidate Joe Biden. During the remarks, Obama got to the core of what Charles Koch’s political network and money machine has done to gut the safeguards for everyday Americans at the federal regulatory agencies that previously protected them. Obama didn’t mention … Continue reading
Billionaire Charles Koch, Whose Minions Staffed Up the Trump Administration, Has a Common Bond with Russian Election Interference
By Pam Martens and Russ Martens: October 7, 2020 ~ Charles Koch is the billionaire owner of Koch Industries, one of the largest private companies in the world with vast interests in fossil fuels, refineries, chemicals, lumber, paper and glass manufacturing. A subsidiary of Koch Industries is Koch Supply and Trading, which engages in commodities trading on a scale rivaling the largest banks on Wall Street. Charles Koch also heads an operation variously known as the Koch Network or the Kochtopus, because its tentacles are strangling the life out of representative government in the United States. The operation hosts semiannual strategy sessions where obscenely rich Americans get together to jointly commit hundreds of millions of dollars to keep Congress and the Oval Office in the hands of fossil fuel-friendly candidates who have demonstrated an obedience to a deregulatory agenda. Koch Foundation money and two dark money groups, Donor’s Capital Fund … Continue reading
Using Koch Money, Cato Institute Has Led the Drumbeat to Denigrate and Privatize the U.S. Postal Service
By Pam Martens and Russ Martens: August 19, 2020 ~ The first thing you need to know about the right-wing Cato Institute is that it quietly began its life as the Charles Koch Foundation in 1974. The name was changed to the Cato Institute in 1977 according to the restated articles of incorporation. For decades, the Cato Institute enjoyed a taxpayer subsidy as a nonprofit while being secretly owned by a handful of men, two of whom were the fossil fuel billionaire brothers, Charles and David Koch – libertarians with a radical agenda. (David Koch died in August of last year.) The second thing to know about the Cato Institute is that over the past 35 years, Koch-related foundations have pumped more than $22 million into its coffers to help Cato get out its messaging of killing off the following: Social Security; federally-subsidized school lunches; the minimum wage; collective bargaining; … Continue reading
Charles Koch Walks a Tight Rope — Shaping Elections to His Liking while Quietly Using Popular Consumer Brands Like Dixie and Brawny to Fund His Agenda
By Pam Martens and Russ Martens: August 17, 2020 ~ Charles Koch is the Chairman and CEO of the fossil fuels giant, Koch Industries, ranked by ValueWalk as the second largest private corporation in America. Forbes puts his net worth at $45 billion. While Koch Industries has sprawling holdings in pipelines and refineries, in 2005 it bought the paper and lumber company, Georgia-Pacific. That Koch Industries’ division relies on the goodwill and trust of consumers in order to achieve billions of dollars in revenues for its Dixie disposable paper plates, bowls and cups; its Northern Quilted and Angel Soft bath tissue; its Brawny and Sparkle paper towels; and its Vanity Fair and Mardi Gras table napkins. The perception that Charles Koch, the man who has sat atop Koch Industries for more than half a century, is attempting to subvert the will of American voters on behalf of his fellow billionaires … Continue reading