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Recent Posts
- Catch and Kill Protection Rackets: Trump, Weinstein, Epstein and Wall Street
- Wall Street’s Judge Shopping Continues: It’s Trying to Stop the FTC’s Ban on Worker Handcuffs Known as Non-Compete Agreements
- The Fed Tallies Up a Big Threat to Financial Stability in the U.S.: “Runnables” at $21.3 Trillion
- Billionaire-Owned Media Has Gone Full Throttle to Save Fellow Billionaire, Jamie Dimon
- 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
Search Results for: trump
Here’s What Americans with Security Clearances Are Saying About Trump’s Stash of Top Secret Documents at His Resort Hotel, Mar-a-Lago
By Pam Martens: September 1, 2022 ~ The above photo was released on Wednesday evening as part of the Justice Department’s court response to Donald Trump’s motion to have a Special Master appointed to review documents seized by the FBI in a raid of his 114-room resort hotel, Mar-a-Lago, in Palm Beach, Florida on August 8. Included in the items seized by the government were highly classified documents marked Top Secret/SCI – meaning they were Sensitive Compartmented Information that should have been maintained in a government approved SCIF – Sensitive Compartmented Information Facility. The FBI’s raid of Mar-a-Lago on August 8 followed months of stonewalling by Trump to return government records he had illegally retained after leaving the White House. The records were first demanded by the National Archives. When the National Archives finally received 15 boxes from Trump of improperly taken documents in January, it discovered highly classified material in … Continue reading
Foley & Lardner Scrub Any Mention of Chris Kise from their Website after He Agrees to Represent Trump in Mar-a-Lago Court Case
By Pam Martens and Russ Martens: August 30, 2022 ~ According to NBC News and confirmed by Reuters, Donald Trump has located a new lawyer that is willing to step into the Palm Beach, Florida court case involving the U.S. Justice Department’s raid at Trump’s beach resort/hotel/event-venue and private residence known simply as Mar-a-Lago. (For background, see our previous report: Mar-a-Lago: Thousands of People of Questionable Character Have Visited this Resort/Hotel in the 18 Months That Trump Stashed Top Secret Documents There.) According to NBC News, the new lawyer, Chris Kise, worked for the law firm Foley & Lardner right up until NBC News reported that Kise had taken the job representing Trump. NBC News reports that the bio for Kise then suddenly disappeared from Foley & Lardner’s website. (We can go a step further than that: the law firm also scrubbed past articles it had published on its website … Continue reading
Mar-a-Lago: Thousands of People of Questionable Character Have Visited this Resort/Hotel in the 18 Months That Trump Stashed Top Secret Documents There
By Pam Martens and Russ Martens: August 18, 2022 ~ The narrative that the FBI took the unprecedented step of raiding former President Donald Trump’s “home” on August 8 has misdirected the media debate that should be happening right now. The majority of Americans hear the word “home” and think of a private residence where one family resides. But the property raided on August 8 by the FBI was Mar-a-Lago – which has as much resemblance to a private residence as Palm Beach International Airport has to a private airplane hangar. Yes, it’s true that there are private quarters located at Mar-a-Lago for Trump and his family. But it’s also true that this is a 114-room oceanfront resort and hotel that sells memberships, rents hotel rooms and suites, and holds a multitude of events. The official website for Mar-a-Lago explains its event offerings as follows: “Important occasions call for settings that … Continue reading
During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful
By Pam Martens and Russ Martens: August 15, 2022 ~ Last Thursday evening, Justice Department Attorney General, Merrick Garland, held a brief press conference to announce that he had asked a federal court to unseal the search warrant and inventory receipts filed in connection with the FBI’s search of Donald Trump’s Palm Beach oceanfront home and beach resort, Mar-a- Lago. As part of his statement to the press, Garland said this: “Faithful adherence to the rule of law is the bedrock principle of the Justice Department and of our democracy. Upholding the rule of law means applying the rule of law evenly, without fear or favor.” Unfortunately, the vast majority of Americans believe there is one set of laws for the rich and powerful and another set of laws for average Americans. According to a Gallup poll released on July 5, only 14 percent of Americans had “a great deal” or … 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
Meet Ken Klukowski, a Trump Administration Cooperating Witness in the Justice Department’s Criminal Investigation of January 6
By Pam Martens and Russ Martens: August 2, 2022 ~ Ken Klukowski is making a lot of people in the Charles Koch network of political operatives very nervous. According to a CNN report last Thursday, Klukowski “is cooperating in the DOJ’s January 6 criminal investigation, after investigators searched and copied his electronic records several weeks ago.” Those electronic records could open a lot of secrets that the Charles Koch network has kept behind a dark curtain for far too long. Klukowski arrived at the U.S. Department of Justice just 35 days before Trump’s term ended. According to the January 6 House Select Committee, Klukowski was “parachuted” into the Justice Department to help an environmental attorney there, Jeffrey Clark, prepare a letter to state officials which falsely claimed that the Justice Department had “identified significant concerns” about the vote totals in those states and the states should consider sending “a separate slate … Continue reading
Secret Service Bio for Tony Ornato Says He Was Responsible for “All Aspects of” “Military Operations” that Supported Trump
By Pam Martens and Russ Martens: July 21, 2022 ~ The official government website for the Secret Service has a bizarre and alarming bio for Anthony (Tony) Ornato, the Secret Service agent who was allowed by his superiors to become Assistant to President Donald Trump and Deputy Chief of Staff for Operations at the White House. The bio notes that Ornato “was detailed from the Secret Service” to assume these highly political roles. Because the Secret Service provides protective services to members of both political parties, it has historically been seen as a law enforcement agency that should studiously avoid any appearance of political bias. Ornato not only served under one of the most politically-toxic Presidents in U.S. history, whom tens of millions of Americans believe attempted to overthrow the U.S. government, but Ornato was allowed to return to the Secret Service and become Assistant Director of the Office of Training. … Continue reading
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
By Pam Martens and Russ Martens: July 22, 2021 ~ It’s starting to look very swampy again in the nation’s capitol. President Biden pushed forward a law partner from the law firm that notoriously represented Donald Trump and the Trump Organization on tax matters for 15 years, right up to January of this year, to be the head of the Criminal Division of the U.S. Department of Justice. Astonishingly, on Tuesday, the Senate confirmed that nominee, Kenneth A. Polite, for the position. The Trump Organization and its CFO, Allen Weisselberg, were indicted earlier this month on tax evasion charges. Polite, a law partner with Morgan, Lewis & Bockius, will now preside over the criminal division of DOJ, which holds the reins on whether to bring criminal charges against the well-connected and powerful in corporate America – his law firm’s former clients, and more than likely, his future clients if past precedent … Continue reading
The Four Years of the Trump Administration Saw the Largest Number of IPOs with Negative Earnings in the Last 40 Years
By Pam Martens and Russ Martens: July 9, 2021 ~ Donald Trump was inaugurated as President on January 20, 2017. But 16 days before Trump even took office, he sent the message to Wall Street that “I’ve got your back.” On January 4, 2017, Trump nominated Jay Clayton to Chair the Securities and Exchange Commission, ostensibly the top watchdog on Wall Street. But Clayton’s resume ensured that he would be doing a lot more recusing than watchdogging. Clayton, a law partner at Sullivan & Cromwell, had represented 8 of the 10 largest Wall Street banks in the three years prior to his nomination. Clayton did not disappoint. He looked the other way as the Wall Street banks traded their own bank’s stock in their own Dark Pools. He wore blinders as the Wall Street banks flagrantly violated the Dodd-Frank financial reform legislation’s Volcker Rule. He took no action to stop Wall … 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