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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: Jamie Dimon
Wall Street’s Mega Bank CEOs To Be Hauled Before Congress in May; Nobody Will Say Why
![](https://wallstreetonparade.com/wp-content/uploads/2019/10/The-Fed-Is-Expecting-an-Explosion-on-Wall-Street-Thumbnail-150x126.jpg)
By Pam Martens and Russ Martens: April 19, 2021 ~ We’ve been closely monitoring the Senate Banking and House Financial Services Committees for the past 15 years. We can think of no other time when the Committees issued a joint statement to announce they were hauling the most powerful men on Wall Street to testify, without offering a scintilla of information on the topic of the hearing. The press statement simply indicated that the Senate Banking Committee would hold its hearing on Wednesday, May 26 at 10 a.m. and the House Financial Services Committee would hold its hearing the following day on Thursday, May 27 at 12 noon. The announcement indicated that the following CEOs are scheduled to testify: Jamie Dimon of JPMorgan Chase; David Solomon of Goldman Sachs; Jane Fraser of Citigroup; James Gorman of Morgan Stanley; Brian Moynihan of Bank of America; and Charles Scharf of Wells Fargo. The … Continue reading
Senator Warren: “BlackRock Manages More Assets than the Entire GDP of Japan.” (How About JPMorgan Chase Having Custody of Assets That Are 5.8 Times the GDP of Japan.)
![Senator Elizabeth Warren Speaking at Senate Banking Hearing, March 24, 2021](https://wallstreetonparade.com/wp-content/uploads/2021/03/Senator-Elizabeth-Warren-Speaking-at-Senate-Banking-Hearing-March-24-2021-125x150.jpg)
By Pam Martens and Russ Martens: March 25, 2021 ~ Yesterday, during a Senate Banking hearing with witnesses Fed Chair Jerome Powell and Treasury Secretary Janet Yellen, Senator Elizabeth Warren grilled Yellen on why BlackRock wasn’t being investigated for posing a systemic risk to the U.S. financial system. Warren stated: “BlackRock is the world’s largest asset management firm, overseeing nearly $9 trillion in assets. That’s more than double where it was 10 years ago. It also holds a stake in just about every company listed on the S&P 500. To put that in perspective, Blackrock manages more assets than the entire GDP of Japan, or Germany, or Great Britain or any other nation in the world, except the United States and China.” BlackRock may, indeed, pose a systemic risk to the U.S. financial system but it’s not because it holds a stake in just about every company listed on the S&P … Continue reading
GameStop Hearing: Citadel’s Ken Griffin Doesn’t Let the Brutal Facts Get in the Way of His Testimony
![Citadel's Ken Griffin (Thumbnail)](https://wallstreetonparade.com/wp-content/uploads/2021/02/Citadels-Ken-Griffin-Thumbnail.jpg)
By Pam Martens and Russ Martens: February 18, 2021 ~ The billionaire hedge fund titan of Citadel LLC and its market-making/trade execution arm, Citadel Securities, delivered a load of horse pukky in his written testimony to the House Financial Services Committee. Griffin is slated to appear as one of six witnesses at the hearing scheduled at noon today to examine the trading in shares of GameStop in January. GameStop is the brick-and-mortar video game retailer whose stock soared from $18.84 on December 31 of last year to an intraday high of $483 on January 28 – an unprecedented run of 2,465 percent in four weeks by a struggling retail outlet. The stock price then quickly plunged back to earth. It closed yesterday at $45.94. GameStop is listed on the New York Stock Exchange. Its shares are not supposed to trade like a penny stock operated out of a boiler room. … Continue reading
GameStop Shares: 5-Count Felon JPMorgan Could Have Made Upwards of $174 Million Yesterday
![Jamie Dimon, Chairman and CEO of JPMorgan Chase](https://wallstreetonparade.com/wp-content/uploads/2019/07/Jamie-Dimon-Film-Grain-100pix.jpg)
By Pam Martens and Russ Martens: January 29, 2021 ~ According to JPMorgan Chase’s 13F filings with the Securities and Exchange Commission, it moved from a net short position in GameStop shares as of December 31, 2019 to a big long position as of September 30, 2020, the date of its last 13F filing. As of the end of the third quarter of last year, JPMorgan Chase was long (owned) 368,196 shares of GameStop versus a put (short position) on a meager 19,300 shares. At the close of trading on September 30, 2020, GameStop was a $10.20 stock, making JPMorgan’s long position worth $3.8 million. At the intraday high yesterday, GameStop was a $483 stock. If JPMorgan had sold at the top, it would have made approximately $174 million on its long position versus where it was trading four months earlier. We’re dismissing what happened to the put that JPMorgan … Continue reading
McConnell, Heavily Funded by Wall Street, Is Blocking Seating of Democrats as Senate Committee Chairs
![Senator Mitch McConnell (Left); JPMorgan Chase Chairman and CEO, Jamie Dimon (Right)](https://wallstreetonparade.com/wp-content/uploads/2020/09/Senator-Mitch-McConnell-Left-JPMorgan-Chase-Chairman-and-CEO-Jamie-Dimon-Right-1-150x92.jpg)
By Pam Martens and Russ Martens: January 22, 2021 ~ Nine days ago we cautiously reported that Senator Sherrod Brown, a Democrat from Ohio who holds a critical view of Wall Street’s serial bent toward fraudulent activities, was set to take the Chairmanship of the Senate Banking Committee. This would endow Brown with the power to set the agenda for hearings, call witnesses and put them under oath, and issue subpoenas. We wrote this at the time: “We get the feeling that Senator Brown took the very wise and preemptive step of getting mainstream media to announce his Chairmanship yesterday because he clearly understood that Wall Street’s mega banks would be fighting behind the scenes in an effort to prevent him from advancing to Chair.” With the addition of the two new Democratic Senators from Georgia’s special runoff (Raphael Warnock and Jon Ossoff) and Vice President Kamala Harris as the … Continue reading
Janet Yellen Is Set to Inherit a Helluva Lot of Power, Thanks to Stealthy Changes in the Law
![Janet Yellen](https://wallstreetonparade.com/wp-content/uploads/2021/01/Janet-Yellen-iii-125x150.jpg)
By Pam Martens and Russ Martens: January 18, 2021 ~ At 10 a.m. tomorrow morning, one day ahead of President-Elect Joe Biden’s inauguration, the Senate Finance Committee will hold the confirmation hearing for Janet Yellen to become the next U.S. Treasury Secretary. In that role, Yellen sits atop a sprawling federal agency that includes the IRS; the Office of the Comptroller of the Currency, which regulates national banks and reports on their hundreds of trillions of dollars in derivatives; the Bureau of Engraving and Printing; the U.S. Mint; the Financial Crimes Enforcement Network (FinCEN) which is tasked with combating money laundering but has failed miserably in the job; and numerous other units. In addition, legislation passed by Congress puts Yellen in charge of the slush fund known as the Exchange Stabilization Fund; makes her the Chair of the Financial Stability Oversight Council, and, thanks to stealthy legislation passed during the … Continue reading
The Untold Story of How the Republican Attorneys General Association, Funded with Large Sums from Corporate Felons, Including OxyContin Drug Pusher Purdue, Participated in Recruiting the Mob that Attacked the Capitol
![Chris Carr, Attorney General of Georgia and Chairman of RAGA](https://wallstreetonparade.com/wp-content/uploads/2021/01/Chris-Carr-Attorney-General-of-Georgia-and-Chairman-of-RAGA.jpg)
By Pam Martens and Russ Martens: January 14, 2021 ~ If there was ever a DEFCON 1 warning to Americans that campaign finance reform must be a top priority of the incoming President Biden administration, it is the cautionary tale of the Republican Attorneys General Association (RAGA) and their recruitment efforts of the mob that descended on the Capitol of the United States on January 6. Five people are now dead from that siege, including a Capitol Police officer, and dozens injured. The U.S. Attorneys office for Washington, D.C. has also confirmed that two live pipe bombs with timers were found in front of the Republican National Committee and Democrat National Committee, both located near the Capitol. When one thinks of a group with the word “Association” in their name, it invokes the idea that this is a fraternal organization or a trade association. What doesn’t come to mind is … Continue reading
Wall Street’s Felon Banks Take a Short Holiday from Financing Political Campaigns
![Jamie Dimon, Chairman and CEO of JPMorgan Chase](https://wallstreetonparade.com/wp-content/uploads/2019/07/Jamie-Dimon-Film-Grain-100pix.jpg)
By Pam Martens and Russ Martens: January 12, 2021 ~ Five-count felon JPMorgan Chase is shocked – shocked! – that corporate financing of “the people’s House” has led to corruption and instability in Washington. The Board of Directors of JPMorgan Chase obviously did not see money as a corrupting influence because it has boosted the pay of its Chairman and CEO, Jamie Dimon, to $31.5 million annually despite the fact that Dimon sat at the helm of this bank through its unprecedented five felony counts in a span of six years. The bank admitted to all five counts and got deferred prosecution agreements every single time from the U.S. Department of Justice. Not one of the myriad federal regulators of this bank demanded that Dimon step down as unfit to oversee a bank holding $2 trillion in depositors’ life savings as this six-year crime spree went unchecked. Now JPMorgan Chase, … Continue reading
Janet Yellen’s Cash Haul of $7 Million Is Just the Tip of the Iceberg; She Failed to Report Her Wall Street Speaking Fees from JPMorgan and Others in 2018
![David Zervos and Janet Yellen, April 2, 2018](https://wallstreetonparade.com/wp-content/uploads/2021/01/David-Zervos-and-Janet-Yellen-April-2-2018.jpg)
By Pam Martens and Russ Martens: January 6, 2021 ~ On December 29 we needed a clarification from former Treasury Secretary Larry Summers about his opinion column against Congress issuing $2,000 stimulus checks. We sent him an email at 10:13 a.m. and received a very clear response from him directly at 12:51 p.m. that day — a span of a few hours. Compare that timely response to Janet Yellen’s respect for the media’s obligation to report a full set of facts to the American people. Three days ago, we contacted Yellen at four different entities with which she is affiliated. Only the Brookings Institution responded, saying she was on leave. President-elect Joe Biden’s media team did not respond at all, nor did the Washington Speakers Bureau and University of California, Berkeley. Yellen is Biden’s nominee for U.S. Treasury Secretary. In anticipation of her Senate confirmation hearing, she has released her … Continue reading
Gallup Polling: For the Past 18 Years, U.S. Adults Have Preferred Real Estate as an Investment Over Stocks
![Americans' Views on the Best Long-Term Investment](https://wallstreetonparade.com/wp-content/uploads/2020/12/Americans-Views-on-the-Best-Long-Term-Investment-iii.jpg)
By Pam Martens and Russ Martens: December 31, 2020 ~ Happy New Year’s Eve 2020 and welcome to a correctly skeptical America when it comes to Wall Street. Despite the President of the United States using his bully pulpit for the past four years to tell Americans how great the stock market is (see here, here and here, for example) Gallup polling shows that U.S. adults have consistently favored real estate as the better long-term investment over stocks. (See chart above.) In fact, in the April 1-14 poll that Gallup conducted this year, stocks reached their lowest score versus real estate since 2012. In the spring poll, which followed the sharp stock market selloff in March, 35 percent of adults rated real estate the better long-term investment versus 21 percent who voted for stocks. The perception that Wall Street is a rigged arena for the benefit of the one percent … Continue reading