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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
Obama and Wall Street, Sittin’ in a Tree, K.I.S.S.I.N.G – First Comes Love, Then Comes Marriage, Then Comes Dodd-Frank
By Pam Martens: October 9, 2012 Obviously, back in 2008, when Wall Street was dumping millions into the campaign of Barack Obama, it didn’t ask for a prenup. The honeymoon went smoothly for a while, with Wall Street quite content to have slap-on-the-wrist Mary Schapiro sitting atop the SEC and Tim Geithner, the former sugar-daddy of bailouts from the New York Fed, holding down the fort at the U.S. Treasury. But then came Dodd-Frank, the Volcker Rule, regulation of derivatives, quips about fat-cats from the President and a big-money divorce. Today, reports the Wall Street Journal, Wall Street and financial services firms have given a tepid $12 million to President Obama’s campaign versus the $43 million they gave in 2008. Presidential candidate Mitt Romney has received over $24 million from the slimmed down fat-cats in this election cycle. During the first presidential debate, Romney had this to say about the … Continue reading
The Romney/Ryan Ticket’s Ayn Rand Problem
By Pam Martens: September 26, 2012 Forty-one days before a Presidential election that billionaire Charles Koch promised would be the “mother of all wars,” the battle is focusing on the ideas spun out of the decades old Koch corporate front groups. Namely – Ayn Rand’s brand of capitalism. The uproar has yet to fade on Mitt Romney’s video tell-all, marking 47 percent of Americans as government moochers — “my job is not to worry about those people” — a view that would have warmed the heart of author Ayn Rand, an icon of the far right who was regularly repulsed by government parasites, unless she was doing the mooching. (In later life, Rand received both Social Security and Medicare benefits.) Now, multiple media outlets are calling attention to an audio tape of a speech Republican Vice Presidential nominee Paul Ryan delivered to the Atlas Society in 2005, praising the influence of Ayn … Continue reading
In Two Presidential Elections, An Anti-Muslim Film Has Emerged Exactly 7 Weeks Before the Polls Open
By Pam Martens: September 14, 2012 The incendiary anti-Islam film, Innocence of Muslims, is being widely blamed for sparking anti-U.S. demonstrations in the Middle East, leading to the death of Ambassador Chris Stevens and three others in Libya. This morning, according to NBC News, a Federal law enforcement official has confirmed that the shadowy Sam Bacile, the producer of the film, is really Nakoula Basseley Nakoula, an ex-con on probation for financial crimes. Nakoula produced an amateurish documentary that was screened in one tiny theatre, with a trailer released on the internet. That limited circulation stands in sharp contrast to another Islamophobic film that was broadly circulated in 2008 by mainstream newspapers with financial backing from a nonprofit group with ties to the Koch brothers. In the Fall of 2008, in the leadup to the Presidential election, approximately 100 newspapers and magazines in the U.S., including the New York Times, Wall Street Journal, Miami Herald, … Continue reading
America By the Numbers — A National Disgrace
By Pam Martens: September 13, 2012 The U.S. Census Bureau reported yesterday that annual household income fell in 2011 for the fourth straight year to an inflation-adjusted $50,054. That figure is 8 percent lower than in 2007 and 1.5 percent lower year over year. The $50,054 figure represents the Nation as a whole. The West and the Midwest showed even sharper declines year over year, losing 4.1 and 2.1 percent, respectively. The U.S. poverty rate, which is defined as an annual income of $23,021 for a family of four, was 15.0 percent in 2011 versus 15.1 percent in 2010. That figure translates into 46.2 million of our fellow Americans living in poverty – a national disgrace by any interpretation. On September 22, 2010, Forbes magazine released its annual list of the 400 richest Americans. Their combined net worth climbed 8% that year, to $1.37 trillion. More recently, from 2010 to … Continue reading
Tainted Wall Street Reporters:1932-2012
By Pam Martens: August 11, 2012 There is growing evidence that Wall Street and other corporate money is finding its way into the pockets of business reporters today, just as evidence surfaced in 1932 of bribes to reporters at the New York Daily News, Wall Street Journal, New York Times, New York Herald Tribune, New York Evening Post and others. Yesterday, Yasha Levine and Mark Ames of ExiledOnLine.com published a stunning investigative report of a deeply compromised Adam Davidson, host of NPR’s Planet Money. On September 12, 2011, we reported that CNBC’s Larry Kudlow had pocketed $332,500 from the Koch funded Mercatus Center without disclosing it to viewers of his program. On July 2 of this year, we reported that Andrew Ross Sorkin, of the New York Times and CNBC, attempted to downplay the need for restoring the Glass-Steagall Act by reporting that Lehman Brothers, Merrill Lynch, and AIG had … Continue reading
Taking On the Oligarchs at ExiledOnLine.com
Mark Ames and Yasha Levine have been breaking story after story at ExiledOnLine.com showing that the U.S. is looking more and more like the Russian oligarchy. Listen to what happened when they broke the story at Playboy of the Koch funded front groups.
Financial Services Chair Bachus: “This Is How the System Is Supposed to Work” [Is This Man on Bath Salts?]
By Pam Martens: July 1, 2012 Spencer Bachus is the Chairman of the powerful House Financial Services Committee. On June 19, 2012, Bachus issued a press release that carried his opening remarks for the hearing on JPMorgan’s $2 billion (and growing) losses. The final sentence of that prepared text read as follows: “Before closing, once again I want to re-emphasize the point that JPMorgan and its shareholders – not the bank’s clients, and more importantly, not the taxpayers – are the ones paying for the bank’s mistakes. This is how the system is supposed to work.” This is how the system is supposed to work? Maybe for the Russian Mafia or in some dystopian universe where only descendants of the Koch brothers are permitted to live. But here in America, those who have not yet had a Fox News lobotomy, believe this is exactly how the system is not meant to … Continue reading
Mark Ames: How the ACLU and Human Rights Groups Quietly Exterminated Labor Rights
Mark Ames, at Exiled Online, has a must read piece, The Left’s Big Sellout: How The ACLU & Human Rights Groups Quietly Exterminated Labor Rights. Here’s a snippet: “Progressive intellectuals have been acting very bipolar towards labor lately, characterized by wild mood swings ranging from the ‘We’re sorry we abandoned labor, how could we!’ sentiment during last year’s Wisconsin uprising against Koch waterboy Scott Walker, to the recent ‘labor is dead/it’s all labor’s fault’ snarling after the recall vote against Gov. Walker failed.”
MF Global: The Untold Story of the Biggest Wall Street Collapse Since Lehman
By Pam Martens: April 21, 2012 Only on Wall Street can you bankrupt a company; misplace $1.6 billion of customers’ money; lose 75 percent of shareholders’ money in two weeks; speed dial a high priced criminal attorney and get a court to authorize the payment of your multi-million dollar legal tab from the failed company’s insurance policies; have regulators waive your requirements to take licensing exams required to work in the securities and commodities industry; have your Board of Directors waive your loyalty to the firm; run a bucket shop out of the UK; and still have the word “Honorable” affixed to your name in a Congressional investigations hearing. This is not a flashback to the rotting financial carcasses of 2008. This putrid saga has been playing out in five Congressional hearings since December with the next episode scheduled for Tuesday, April 24, before the Senate Banking Committee under the … Continue reading
Wall Street Marches To Its Own Anthem
By Pam Martens: March 26, 2012 The high priestess of corporate deregulation and free markets, Ayn Rand, wrote a novella in the 1930s. It was published in the U.S. in 1946 under the title, Anthem, by a corporate front group, a precursor to today’s astroturf groups. Anthem is currently being pumped into high schools across the U.S. and Canada with financial inducements to both teachers and students by a corporate funded nonprofit that has the financial support of some of the largest hedge funds in the U.S. The book presents a frightening dystopian world produced by the ever present Randian trademark – an out of control government. People are known by numbers instead of names; individual rights have been eviscerated. To break the will of the individual, uttering the word “I” results in being burned alive in the town square. (Charming high school literature.) What has happened today, however, proves … Continue reading