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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
Koch Industries Is Staffing Up with Voter Data Scientists to Tip the November Election to the Extreme Right
By Pam Martens ~ (Editor’s Note: This article originally appeared at CounterPunch on July 23, 2018.) ~ For at least forty years, Charles and David Koch, majority owners of a sprawling fossil fuels multi-national company called Koch Industries, have been blurring the lines between tax-exempt organizations and their own corporate political interests. We can now report that the blurred lines have disappeared. Koch Industries is unabashedly advertising for IT professionals at Indeed, LinkedIn, and at its own website to staff a massive voter data operation, i360, for the upcoming election. For the last five years i360 has been widely reported to be part of the tax-exempt group called Freedom Partners. That is now being called into question by these ads and documents we have tracked down at government archives. More about that in a moment, but first some necessary background. There’s a rubric in law enforcement that if you want … Continue reading
Trump and Charles Koch in a Tiff? Don’t Believe a Word of It
![Koch Thumbnail](https://wallstreetonparade.com/wp-content/uploads/2018/08/Koch-Thumbnail-150x126.jpg)
By Pam Martens and Russ Martens: August 1, 2018 ~ It only took one day for the so-called tiff between President Donald Trump and billionaire puppet-master, Charles Koch, to land on the front page of the New York Times after being widely reported on cable news last evening. In a tweet yesterday, Trump called Charles Koch and his brother, David, “a total joke” and said he had “beaten them at every turn.” Charles Koch is the Chairman and CEO of one of the largest private companies in the world, Koch Industries, a fossil fuels and chemicals conglomerate that has been a serial polluter of the air and water for decades. He and his brother, David, each have an estimated net worth of $51 billion according to Forbes, owing to their majority ownership of Koch Industries. In June, David stepped down from all management functions at Koch Industries as well as … Continue reading
How Did Koch Industries’ Law Firm Grab Control at the White House?
![](https://wallstreetonparade.com/wp-content/uploads/2018/01/Don-McGahn-With-President-Trump-and-First-Lady-Melania-150x150.jpg)
By Pam Martens and Russ Martens: July 30, 2018 ~ Wall Street On Parade has previously reported that despite the majority of contributions from the Jones Day law firm’s partners flowing to the Hillary Clinton presidential campaign during 2015-2016, an unprecedented 12 of its lawyers headed to important posts in the Trump administration in one fell swoop on January 20, 2017 – Trump’s inauguration day. Equally disturbing, in May of last year, the National Law Journal reported that the former Jones Day lawyers, now firmly entrenched in the corridors of power in the Federal government, had “received a blanket waiver clearing them of ethical conflicts,” and allowing them “to take up some matters they may have worked on in prior jobs.” That might come in handy for White House Counsel Don McGahn and his Chief of Staff, Ann Donaldson, both of whom hail from Jones Day. They previously represented Freedom … Continue reading
Could Technology Doom Facebook, Koch Industries and JPMorgan Chase?
![Facebook CEO Mark Zuckerberg Testifies Before Congress on April 10, 2018 on His Company's Technology Failings](https://wallstreetonparade.com/wp-content/uploads/2018/07/Facebook-CEO-Mark-Zuckerberg-Testifies-Before-Congress-on__-April-10-2018-on-His-Companys-Technology-Failings-ii-150x150.jpg)
By Pam Martens and Russ Martens: July 26, 2018 ~ Remember the late 90s when the Masters of the Universe on Wall Street were bringing to market anything that smelled of technology or had a dot com after its name. That all ended badly with the Nasdaq stock index losing 78 percent of its value from 2000 to 2002. This is how Ron Chernow correctly described what was happening for New York Times’ readers on March 15, 2001: “Let us be clear about the magnitude of the Nasdaq collapse. The tumble has been so steep and so bloody — close to $4 trillion in market value erased in one year — that it amounts to nearly four times the carnage recorded in the October 1987 crash.” Chernow characterized the Nasdaq stock market as a “lunatic control tower that directed most incoming planes to a bustling, congested airport known as the … Continue reading
The Next Leg of the Koch Agenda Came Before a Senate Hearing Yesterday
![Charles Koch](https://wallstreetonparade.com/wp-content/uploads/2018/07/Charles-Koch-Forbes-Puts-His-Net-Worth-at-51__-Billion-ii-150x150.jpg)
By Pam Martens and Russ Martens: July 19, 2018 ~ If Russia was the only major outside player to meddle in the 2016 U.S. election, why are so many of the spoils going to Charles Koch and his network of political operatives? Koch is a mega billionaire (worth $51 billion according to Forbes) and sits atop one of the largest private corporations in the world — Koch Industries – with interests in fossil fuels, chemicals, paper products and commodities trading. For the past forty years, Koch has been at the helm of a stealthy network of front groups seeking to gut Federal regulations, downsize the government and give the wealthy and corporations more sway in deciding political races. Much of that work has been accomplished through dark money, where a donor can give tens of millions of dollars in just one year to a tax exempt front group and remain … Continue reading
Treasury’s Mnuchin Just Gave the Koch’s Dark Money Machine a Bonanza
![Actress Louise Linton and Husband, U.S. Treasury Secretary Steve Mnuchin](https://wallstreetonparade.com/wp-content/uploads/2017/11/Actress-Louise-Linton-and-Husband-U.S.-Treasury__-Secretary__-Steve-Mnuchin-ii-150x150.jpg)
By Pam Martens and Russ Martens: July 18, 2018 ~ The Trump administration has been the gift that keeps on giving to billionaire Charles Koch’s vast network of political front groups known as the Kochtopus. Its democracy-smothering tentacles have wrapped themselves around everything from the U.S. judicial system, to elections, to climate change, higher ed, news dissemination, and how laws are made in Washington and at the state level. (See related articles below.) Charles Koch’s wealth, and that of his brother, David, derives from their majority ownership of Koch Industries, one of the largest private corporations in the world with major interests in fossil fuels, chemicals, paper products, and commodities trading. Forbes puts their net worth at $51 billion each. The Trump administration, now packed full of Koctopus operatives, has been rapidly running a playbook for the Koch machine: withdrawal from the Paris Climate Accord – check. Tax cuts for corporations and … Continue reading
Was that a Koch Brothers’ Agent Who Pounded on our Door after We Wrote a Critical Article?
![Riverside County Sheriff officers guard the entrance to a Rancho Mirage, California luxury resort where the Koch brothers held their January 2011 political strategy confab.](https://wallstreetonparade.com/wp-content/uploads/2013/05/110130_8246-150x150.jpg)
By Pam Martens and Russ Martens: May 2, 2018 ~ Since 2010 we have been investigating and reporting on activities of the billionaire Koch brothers’ political funding network to subvert democracy in the United States. In 2011 we broke the news that Charles Koch had entertained sitting U.S. Supreme Court Justice Clarence Thomas at Koch’s private club in California. Thomas would later rule in favor of the Citizens United decision which opened the spigots to unlimited corporate money in U.S. political campaigns. In the same article we reported that while the Citizens United case was pending before the U.S. Supreme Court, Virginia Thomas, the wife of the Justice, created a nonprofit Tea Party advocacy group, Liberty Central, Inc., with a former lawyer for the Charles G. Koch Foundation, Sarah Field, acting as her General Counsel and a former Koch lobbyist, Matt Schlapp, serving on her board at inception. The nonprofit received over … Continue reading
Will Gary Cohn’s Departure Lead Trump to the Full Koch Agenda?
By Pam Martens and Russ Martens: March 7, 2018 Wall Street is losing its bedtime snuggly and comfort blanket in the White House. After a tortuous 14 months replete with crazy tweets from the President, Russia-probe indictments and guilty pleas, failure to talk Trump out of withdrawing from the Paris climate accord, revelations of hush money paid to a porn star by Trump’s personal attorney, and news of Trump campaign aides’ murky meetings with Putin operatives, Gary Cohn has finally called it quits over tariffs. It’s not like Cohn, the former President of Goldman Sachs who became President Donald Trump’s first Director of the National Economic Council, didn’t understand Trump’s obsessive demand for loyalty. Cohn has watched for more than a year as those who didn’t show adequate subservience to the President were shown the door. In the case of the former FBI Director James Comey, he was not only … Continue reading
Kochtopus Wants the Little Guy to Buy Stocks as the Market Plunges
By Pam Martens and Russ Martens: February 5, 2018 Last Friday, the stock market, as measured by the Dow Jones Industrial Average, plunged 665.7 points. This morning, after just one minute of trading at 9:31 a.m. in New York, the Dow had bled another 307 points. You can expect a big push for the balance of the day by the shills who want to keep the dumb money in the market as a prop for the 1 percenters as they take profits and run. One member of the Kochtopus (short-hand for the secretive political network and nonprofit front groups backed by billionaire brothers, Charles and David Koch) is Stephen Moore, who has somehow secured himself the position of Senior Economics Analyst on CNN, the 24/7 cable news network whose tagline is “The Most Trusted Name in News.” After the market plunge on Friday, Moore was on air at CNN by … Continue reading
Washington Post Drops a Bombshell on Trump’s Rise to Power but Forgets Two Words — Koch Brothers
By Pam Martens and Russ Martens: June 5, 2017 After building the case for months that Russia was a major meddler in the 2016 U.S. Presidential election, on Sunday the Washington Post connected the dots between a “shadow universe” of right-wing front groups domiciled in the U.S. with tax-exempt privileges who have a lot more to show for their efforts than does Russia. At the center of the Post article, written by reporters Robert O’Harrow Jr. and Shawn Boburg, is lefty turned righty David Horowitz and his nonprofit group the David Horowitz Freedom Center. While sanctions have not been lifted against Russia as potential proof of a quid pro quo with the Trump administration, Horowitz boasts of at least six of his Freedom Center’s supporters who hold top slots in Trump’s administration to push for his long-held positions on a Muslim ban, border wall, school vouchers and ridicule of global … Continue reading