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Recent Posts
- Trump’s “Big Beautiful Bill” Is a Grotesque Giveaway to Fossil Fuel Billionaires While Adding $3.3 Trillion to Nation’s Debt
- Senator Chris Murphy Charges that Trump “Has Opened a Channel for Bribery”
- Congressman Casten: Trump’s Assault on the Rule of Law Is Causing Capital Flight Out of U.S. by Foreign Investors
- Trump’s Approval Rating Drops to 80-Year Low; IMF Says U.S. Tariffs Now Exceed the Highs During the Great Depression
- Nasdaq Has Lost More than 3,000 Points Since Trump’s First Full Day in Office in 2025; the Pain Has Barely Begun
- The Bond Crisis Last Week Was a Global No-Confidence Vote in U. S. President Donald Trump
- Trump’s Tariff Plan Guts $5 Trillion in Stock Value in Two Days; Senator Warren Calls for Emergency Action Before Markets Open on Monday
- Trump’s Attacks on Big Law, Universities, and the Media Have a Common Goal: Silence Dissent Against Authoritarian Rule
- Trump Administration Gives All Clear to Laundering Money through Shell Companies and Bribing Foreign Officials
- Four Megabanks on Wall Street Hold $3.2 Trillion in Uninsured Deposits – Which May Explain Senator Schumer’s Pivot to the GOP to Stop a Government Shutdown
- Here’s What Came Crashing Down Yesterday for Trump’s “Genius” Guy, Elon Musk: Tesla Stock, Access to Twitter (X), His Years of Secret Calls with Putin
- After Banning the Associated Press, Trump Is Now Targeting Specific Journalists That He Wants to See Fired
- Closely Watched Atlanta Fed Model Predicts Negative U.S. Growth in First Quarter
- Trump’s Gangster Diplomacy Makes Front Page Headlines Around the Globe
- Who Benefits Alongside Elon Musk If He Succeeds in Killing the CFPB: the Megabanks on Wall Street that Underwrite His Tesla Stock Offerings
- In Trump 1.0, the State Department Used Taxpayer Money to Publish a Book Elevating Elon Musk to a Superhero; It Was Funded by USAID, the Agency Musk Wants to Quickly Shut Down
- News Host Joy Reid Raises Threat of Trump Selling U.S. to Putin; Ten Days Later Her Show Is Cancelled
- Elon Musk’s DOGE Appears to Be Violating a Court Order; It Has Taken Down Hundreds of YouTube Videos that Educate Americans on How to Avoid Being Swindled
- Barron’s Releases Audio of Jamie Dimon Cursing Out His Workers at a Town Hall, as Dimon Plans to Dump Another One Million JPM Shares
- There’s One Federal Investigative Agency that Neither Trump nor Elon Musk Can Touch: It Just Opened an Investigation into DOGE
- Elon Musk’s Companies Were Under Investigation by Five Inspectors General When the Trump Administration Fired Them and Made Musk the Investigator
- Donald Trump Gives the Greenlight to Goldman Sachs and JPMorgan Chase to Return to Bribing Foreign Officials
- After Tech Geeks Built a Back Door to Loot Billions from FTX, Republicans Refuse to Investigate What Elon Musk’s Tech-Squad Did Inside the U.S. Treasury’s Payment System
- Former Prosecutor, Now U.S. Senator, Informs Tesla That CEO Musk May Be Violating Federal Law and to “Preserve All Records”
- Trump’s Hedge Fund Guy Is Now Overseeing the U.S. Treasury, IRS, OCC, U.S. Mint, FinCEN, F-SOC, and the Consumer Financial Protection Bureau
- As Elon Musk Begins Shutting Down Payments to Federal Contractors, a Strange Money Trail Emerges to His Operatives Inside the U.S. Treasury’s Payment System
- JPMorgan Chase Charged by Yet Another Internal Whistleblower with Cooking the Books
- We Asked Google’s AI Search Model, Gemini, Questions About the Fed and Wall Street Megabanks: It Got the Answers Dead Wrong
- With Trump and Melania’s Crypto Coins Likely to Raise Legal Challenges, Why Didn’t Trump Fire the SEC’s Inspector General in His Purge of IGs?
- Fossil Fuel Industry Could End Up Paying Tens of Billions for LA Wildfires and Deceiving the Public on Climate Change for Decades
- It’s Being Called the Biggest Grift by a President in U.S. History: Trump and First Lady Launch their Own Crypto Coins
- Trump Plans to Install a Fracking CEO to Head the Energy Department and Declare a National Emergency on Energy to Gain Vast Powers
- Fossil Fuel Money Played a Role in the Los Angeles Fires and the Push to Install Pete Hegseth as Secretary of Defense
- When It Comes to Wealth Retention in Retirement, Concrete May Be the New Gold
- Wall Street Watchdog Warns “Clock Is Ticking on a Coming Catastrophic Financial Crash”
- Wall Street Is Sending the Same Message to Americans on Fossil Fuel Financing that It Sent on Cigarettes: Drop Dead
- In a Six-Week Span, this Dark Pool with a Curious Past Traded 3.7 Billion Shares
- Wall Street’s Lobby Firm Hired Eugene Scalia of Gibson Dunn to Sue the Fed for Jamie Dimon
- Postmaster General Louis DeJoy Made $561,051 in Compensation in 2024, as Mail Costs Spiked and Delivery Deteriorated
- Fed Chair Jay Powell Sends a Bold Message to Trump and Tanks the Dow by 1123 Points
- The Head of Fixed Income at T. Rowe Price Makes the Scary Case for the 10-Year Treasury to Spike to 6 Percent
- $663 Billion in Cash Assets Have Gone Poof at the Largest U.S. Banks
- Donald Trump to Ring Bell at New York Stock Exchange Today as Hit List Posters Appear in Manhattan Targeting Wall Street CEOs
- Trump Has a Slush Fund to Prop Up the Dollar – Will He Use It to Prop Up Bitcoin Instead?
- A CEO Assassination; a Billionaire Heiress/NYPD Commissioner; a Secret Wall Street Spy Center – Here’s How They’re Connected
- Despite More than 1600 Tech Scientists Signing a Letter Calling Crypto a Sham, Trump Names a Crypto Cheerleader for SEC Chair
- The Fed Rings a Warning Bell: Hedge Funds and Life Insurers Are Reporting Historic Leverage
- Trump’s Nominee for FBI Director, Kash Patel, Has Businesses Financially Intertwined with Trump
- Donald Trump Is at Risk of Getting Named in a Fossil Fuels Conspiracy Lawsuit
- Trump Is Having Difficulty Getting a Lawyer to Accept the Nomination for SEC Chair: Here’s Why
Search Results for: Jamie Dimon
Are Big Banks Raccoons? Latest Bank Plan Calls For Erecting Electrical Fences
By Pam Martens: February 4, 2013 The U.K. Chancellor of the Exchequer,George Osborne, plans to reform big banks in his country the way farmers keep raccoons out of their corn fields: an electrical fence. Banking reform by soap box and silly ideas has crossed the Atlantic. Osborne delivered a flurry of inspirational words today on his new plans for banking reform in the U.K. Curiously, he delivered his speech at JPMorgan’s back office operation in Bournemouth. Osborne said the site location was to remind everyone how many jobs banking brings to England and specifically mentioned a landscaping business called Stewarts that takes care of JPMorgan’s grounds that he planned to visit later. That was possibly not the best choice of examples since wealth and income inequality has been institutionalized by the lack of banking reform. On this side of the pond the suspicion rises that Chancellor Osborne’s site selection might … Continue reading
Regulator Says JPMorgan Engaged in Unsafe or Unsound Banking Practices But Preserves Golden Parachutes For Execs
By Pam Martens: January 15, 2013 Yesterday, two of JPMorgan Chase’s regulators, the Office of the Comptroller of the Currency (OCC) and the Federal Reserve, released the details of their cease and desist consent orders with the mega bank over its lack of proper risk controls in its Chief Investment Office (CIO). The lapses have led to $6.2 billion in losses thus far. JPMorgan, for its part, made sure its golden parachutes – outsized payments to departing executives –would not be limited by the consent agreement. The debacle, known on Wall Street as the London Whale trades, stem from traders in London, particularly Bruno Iksil who is no longer at the bank, engaging in high risk derivatives trading in a thinly traded corporate bond derivatives index. The nickname, “Whale,” derives from the bank making trades so large that it effectively became the market in that index and could not quickly exit the positions. Congress held … Continue reading
Crony Capitalism Lives On: New York Times’ Event Headlines Its Writers With Wall Street Honchos
By Pam Martens: December 3, 2012 In what can only be described as an unseemly marriage of the plundering herd on Wall Street and the so-called paper of record assigned with the arduous task of delivering unbiased investigative reports to the public, the New York Times has made the deeply unwise decision to hold “The Inaugural DealBook Conference.” The all-day conference to be held at the New York Times Center on December 12, headlines Jamie Dimon, Chairman and CEO of JPMorgan Chase – a company under serious Federal investigation on multiple fronts — and Lloyd Blankfein, Chairman and CEO of Goldman Sachs, a company which faces multiple lawsuits alleging investors were defrauded and which paid $550 million two years ago to settle SEC charges that it knowingly harmed its own clients. The Times’ business writer, Andrew Ross Sorkin, appears to be the official host of the conference, delivering the opening welcome alongside Arthur … Continue reading
JPMorgan Has 3-Year Litigation Expense of $16.1 Billion (Enough to Buy 80,500 Families a Home for $200,000)
By Pam Martens: November 19, 2012 Is JPMorgan actually a cartel of lawyers in drag as a bank? You’d think so reading the fine print buried in the firm’s 2011 annual report and the legal disclosures in its hair-raising third quarter report filed with the Securities and Exchange Commission (SEC) on November 5. According to its own figures, JPMorgan has paid the following sums for litigation expense: $3.8 billion for the nine months of 2012 ending September 30; $4.9 billion in 2011; and $7.4 billion in 2010 for the whopping total of $16.1 billion in 33 months. There are more than a dozen small countries that have less than that in annual GDP. How many times have we heard the now enshrined gospel that JPMorgan escaped the 2008 crisis unscathed. Reading the mountain of lawsuits now filed against the firm, it’s clear why: JPMorgan’s role in the housing collapse has … Continue reading
High Tech Stalking and the Presidential Election
By Pam Martens: October 15, 2012 A little over a month ago, I went to the web site of the Koch Industries roster of their version of “facts,” and stumbled upon, completely by accident, the billionaire brothers’ wholesale attack on Robert Greenwald, the filmmaker who released the documentary Koch Brothers Exposed earlier this year. For the balance of the day, wherever I went on the internet, various versions of Koch ads popped up, berating Greenwald and his film. I felt like I was being stalked. According to a techie friend, I had picked up a cookie at the Koch Industries web site and it was using that cookie to follow me around and attempt to brainwash me against Robert Greenwald and his film. I had to erase all my cookies to stop this stalking. If you think this is over-the-top creepy, you obviously have not yet read the article in the New … Continue reading
Did JPMorgan Host a Secret Meeting on Libor, With 7 Members of the NY Fed
By Pam Martens: September 24, 2012 JPMorgan Chase, the Wall Street mega bank now under criminal probes for losing billions of FDIC insured deposits in risky derivative trades, for years has been one of the dinner hosts of an unseemly industry trade and lobby group established by none other than the Federal Reserve Bank of New York, its own regulator. On the evening of October 8, 2009, representatives of the largest Wall Street banks enjoyed cocktails and dinner at 270 Park Avenue in Manhattan, the headquarters of JPMorgan Chase. Bill Hirschberg of Barclays was there; Jeff Feig of Citigroup; Troy Rohrbaugh of JPMorgan; Fabian Shey of UBS and numerous others. Also enjoying the food and conversation were seven officials from their regulator, the New York Fed. The Fed attendees were: Steven Friedman, Marcus Lee, Susan McLaughlin, Patricia Mosser, Jamie Pfeifer, and Brian Sack. Michael Nelson, currently Counsel and Senior Vice … Continue reading
As Occupy Protesters Chant F*** the Fed, Few Are Aware the Federal Reserve Has Been Given Domestic Police Powers; With Glock 22s and Patrol Cars
By Pam Martens: September 17, 2012 By mid morning today, as Occupy Wall Street protesters marched around the perimeter of the Federal Reserve Bank of New York, all signs that an FRPD (Federal Reserve Police Department) existed had disappeared. The FRPD patrol cars and law enforcement officers had been replaced by NYPD patrol cars and officers. That decision may have been made to keep from drawing attention to a mushrooming new domestic police force that most Americans do not know exists. Quietly, without fanfare or Congressional hearings, the USA Patriot Act in 2001 bestowed on the 12 privately owned Federal Reserve Banks, domestic policing powers. Section 364 of the Act, “Uniform Protection Authority for Federal Reserve,” reads: “Law enforcement officers designated or authorized by the Board or a reserve bank under paragraph (1) or (2) are authorized while on duty to carry firearms and make arrests without warrants for any offense against the … Continue reading
JPMorgan’s Dilemma: Building a Successful Brand in Court
By Pam Martens: August 10, 2012 According to an SEC filing made by JPMorgan Chase yesterday, the firm is being sued by its retirees, its customers, its shareholders, the City of Baltimore, Jefferson County Alabama, the City of Milan, the trustee for Madoff’s assets, MF Global’s customers and securities holders, the creditors of Lehman Brothers, an Enron investor and counterparty, traders in Libor and Euribor financial instruments, and on and on. JPMorgan’s own employees attempted to sue the firm over losses in their 401(k) plan related to Enron but according to the filing it has been dismissed: “A purported class action filed on behalf of JPMorgan Chase employees who participated in the Firm’s 401(k) plan asserting claims under ERISA for alleged breaches of fiduciary duties by JPMorgan Chase, its directors and named officers was dismissed, and the dismissal was affirmed by the United States Court of Appeals for the Second … Continue reading
Occupy the SEC Demands Sarbanes-Oxley Enforcement Action Against JPMorgan
July 25, 2012 Mary Schapiro Chairman Securities Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Sarbanes-Oxley Enforcement Action against JP Morgan CEO Jamie Dimon Dear Madam: Occupy the SEC (“OSEC”) is a group within the New York-based Occupy Wall Street (“OWS”) protest movement. We are writing to urge the SEC to aggressively pursue Sarbanes-Oxley (“SOX”) law violations against JPMorgan Chase (“JPM”). Public information, including Jamie Dimon’s own testimony at the recent House and Senate banking subcommittee hearings, provides strong evidence of probable violations of Sarbanes- Oxley by Mr. Dimon and JPMorgan. We expect that a thorough investigation by the SEC will confirm that SOX violations occurred and that SOX enforcement actions against the bank and its executives are appropriate. We are particularly concerned that SOX violations were missing from the list of disclosure failures that the SEC is currently investigating according to your House subcommittee appearance on June … Continue reading
How Many Criminal Probes Does JPMorgan Need Before It Stops Calling Them “Isolated Failures”
By Pam Martens: July 13, 2012 If you were one of the smart folks and didn’t waste 120 minutes of your now shortened lifespan listening to three overpaid bankers at JPMorgan attempt to explain away gambling losses on insured deposits on this morning’s conference call, let me distill it down to what all that verbosity and high frequency speech was meant to obscure. Chairman and CEO, Jamie Dimon, and his colleagues on the call, repeatedly referred to this debacle as an “isolated failure.” The use of the word “isolated” is quite a stretch. JPMorgan Chase currently faces an FBI criminal probe of this matter; criminal probes over rigging overnight borrowing rates (Libor); a probe over rigging the electric markets of California and the Midwest; a fraud trial for rigging derivatives in Milan. It recently paid $1.1 billion to settle its foreclosure fraud issues and had to admit to Congress that it overcharged 4500 … Continue reading