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Recent Posts
- What Did Madoff, Jeffrey Epstein and Sanctioned Russian Mercenary Group, Wagner, Have in Common? They All Banked at JPMorgan Chase
- Deadly, Exploding Pagers Force the U.S. to Get Serious About Malware from China in U.S. Products that Are Potential National Security Threats
- Wall Street Has Moved Vast Sums of Its Trading to Its Federally-Insured Banks
- The Stock Market Had a Psychotic Episode After the Fed Rate Cut Yesterday, Plunging 479 Points from the Day’s High
- As Trump Launches a Crypto Firm, FBI Reports Crypto Fraud Has Exploded to $5.6 Billion; Representing Almost 50 Percent of All Financial Fraud
- Everything this Book Predicted on Wall Street Megabanks Ruling their Regulators Is Now Unfolding
- The Fed Just Kicked the Capital Increases for the Dangerous Megabanks and their Derivatives Down the Road for Years
- Intel, Boeing and U.S. Steel May Hold the Secrets to What’s Behind All the Talk of a U.S. Sovereign Wealth Fund
- Trump and Paulson’s Proposal: U.S. Sovereign Wealth Fund (or Another Grifter Bailout)
- A Wall Street Regulator Is Understating Margin Debt by More than $4 Trillion – Because It’s Not Counting Giant Banks Making Margin Loans to Hedge Funds
- After JPMorgan Threatens to Sue, the Fed Cuts Its Capital Requirement on the 5-Count Felon from a Planned 25 Percent Hike to Less than 8 Percent
- Three Megabanks Had Loans Outstanding of $1.832 Trillion to Giant Hedge Funds on March 31
- 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
Search Results for: jay clayton 8 out of 10
SEC: 621,000 Shares in GameStop Trades Had Not Properly Settled by January 14
By Pam Martens and Russ Martens: February 5, 2021 ~ Remember that LifeLock tv commercial where masked bank robbers storm into a bank, smashing things with a baseball bat and screaming, “on the floor.” As the customers hit the floor, a security guard is still standing looking calmly at the robbers with his hands at his side. A woman looks up from the floor at the guard and whispers to him: “Do something.” His reply: “Oh, I’m not a security guard, I’m a security monitor. I only notify people if there’s a robbery.” After a few seconds of observing the scene around him, he looks back down at the woman and says: “There’s a robbery.” The commercial ends with the voice over: “Why monitor a problem if you don’t fix it?” This commercial perfectly reflects the attitude of the Securities and Exchange Commission under the past two SEC Chairs, Mary … Continue reading
Wall Street Fears Gary Gensler Because He Knows Too Much
By Pam Martens and Russ Martens: January 19, 2021 ~ Last Tuesday, Wall Street was stewing over the Reuters report that President-Elect Joe Biden was likely to name Gary Gensler, the former Chair of the Commodity Futures Trading Commission (CFTC), as the new Chair of the Securities and Exchange Commission (SEC). The CFTC oversees the futures market. The SEC oversees the trading of stocks; the stock exchanges; the broker-dealers and investment banks that underwrite and trade stocks; and how all of these firms interact with investors. The SEC also oversees Wall Street’s dubious Dark Pools – which Wall Street On Parade has challenged as engaging in potentially illegal behavior. By Friday, January 15, Wall Street’s banks ended in a sea of red with Citigroup losing a whopping 6.93 percent on the day. All of the mega banks posted losses far exceeding the meager 0.57 percent decline in the Dow Jones … Continue reading
Bloomberg News Attempts to Capture the “Speculative Frenzy” of Today’s Markets; Here’s the Key Stuff It Missed
By Pam Martens and Russ Martens: December 24, 2020 ~ Merry Christmas Eve 2020 and welcome to a rerun of the roaring 20s, complete with one-termer President Herbert Hoover in the White House, Wall Street running wild with unchecked corruption, and unprecedented income inequality. On Saturday, Bloomberg News attempted to outline the key components of markets gone bonkers “in this year of death, disease and economic calamity,” writing that the “Mania is laid bare in IPO surge, options boom and crypto fever.” In fairness, the nine reporters who worked on the story, none of whom received a byline but are noted at the bottom of the article, correctly compiled the observable earmarks of this bubble market. But they failed to dig into the dark underbelly of how we got here. Let’s start with the compromised Wall Street regulators in Washington. The Chair of the Securities and Exchange Commission, Jay Clayton, … Continue reading
Big Wall Street Donors to Biden Will Maneuver for Key Posts
By Pam Martens and Russ Martens: November 9, 2020 ~ After successfully warding off barbarians outside the gates of the local election offices during the count of mail-in ballots, President-elect Joe Biden now has a new army of barbarians to deal with. According to the Center for Responsive Politics, using data collected by the Federal Election Commission, the industry category called “Finance, Insurance & Real Estate” donated a stunning $201,675,240 to Biden’s campaign and PACs supporting him. Add to that the category of “Lawyers and Lobbyists,” which donated $52,378,087, and you’re looking at a cool quarter of a billion dollars. The bulk of the $52 million that came from “Lawyers and Lobbyists” was donated by the lawyers and partners of the big law firms that represent the biggest Wall Street banks and securities firms. Big donors to Biden and the Democratic Party in the 2019/2020 cycle hail from such law … Continue reading
As SEC Attempts to Provide Greater Darkness to Trading Firms, Maxine Waters Fights Back
By Pam Martens and Russ Martens: October 5, 2020 ~ Is the Chair of the Securities and Exchange Commission, Jay Clayton, a watchdog or a lapdog? If you judge him by his actions since taking office on May 4, 2017, it looks like the latter. That was easily predictable given that Clayton had represented 8 of the 10 largest Wall Street banks in the three years prior to taking his seat as Chair of the SEC. Clayton is also the man who is now attempting to elevate his role to that of the top criminal prosecutor in Wall Street’s home turf of Manhattan, by knocking Geoffrey Berman out of the job. That office is the U.S. Attorney’s Office for the Southern District of New York where there are pending investigations related to both Donald Trump as well as Clayton’s former clients, the big banks on Wall Street. One person in … Continue reading
JPMorgan Chase Admits to Two New Felony Counts – Brings Total to Five Felony Counts in Six Years – All During Tenure of Jamie Dimon
By Pam Martens and Russ Martens: September 29, 2020 ~ As the attention of Americans is focused on surviving the pandemic and the pivotal presidential debate tonight, William Barr’s Justice Department decided to quietly hand an early Christmas present to a notorious Wall Street bank. Under the richly compensated leadership of Chairman and CEO Jamie Dimon, JPMorgan Chase, the largest bank in the United States, has admitted to an unprecedented five criminal felony counts since 2014 and put on criminal probation three times. Dimon notched two of those felony counts in his belt today. (That’s five felonies more than the bank pleaded guilty to in its prior 100 years of existence. Translation: this is not normal even on Wall Street.) The bank has agreed today to pay criminal fines and admit to two felony counts of wire fraud for manipulating (spoofing) trading in the precious metals and U.S. Treasury markets. … Continue reading
What Happened to the Criminal Case against Goldman Sachs at Barr’s Justice Department?
By Pam Martens and Russ Martens: September 16, 2020 ~ On December 6 of last year, four reporters at Bloomberg News signaled that the U.S. Department of Justice was close to a settlement of its criminal investigation of Goldman Sachs in the 1MDB matter. The reporters wrote as follows: “The Justice Department and other federal agencies, in internal discussions held in recent weeks, have weighed seeking penalties between $1.5 billion and $2 billion, the people said. That’s less than what some analysts have signaled Goldman might have to pay. While a settlement could be announced as soon as next month, the terms could change before a deal is finalized…” The terms, indeed, seem to have changed. It’s now more than 9 months since that article was published and there hasn’t been a peep out of the Justice Department about criminal charges against Goldman Sachs. According to the Bloomberg report, Barr … Continue reading
Wall Street’s Felon Banks to Go Live with their Own Stock Exchange this Month
By Pam Martens and Russ Martens: September 2, 2020 ~ Members Exchange (MEMX), a brand new stock exchange, has announced that it will begin live trading of select stocks for the first time on September 21 with a full phase-in on September 29. Criminal histories are, apparently, no barrier to running a stock exchange in the United States to the deeply conflicted way of thinking of the Securities and Exchange Commission (SEC), which issued its approval to operate the exchange on May 5. Investors in the new stock exchange are some of the most serially-charged Wall Street banks, including JPMorgan, Goldman Sachs, and UBS, along with the hedge fund, Citadel Securities. BlackRock, which is up to its neck in the Federal Reserve’s deeply conflicted bailout programs, is also an investor, as is the high-frequency trading firm, Virtu Financial, and others. JPMorgan Chase has been criminally investigated by the U.S. Department … Continue reading
The Central Bank of Israel Doesn’t Want You to Know What U.S. Stocks It Owns; Neither Does the SEC
By Pam Martens and Russ Martens: July 16, 2020 ~ It’s no wonder that American citizens are receiving just a tiny snippet of critical news from mainstream media. Federal regulators have set a new low in withholding documents that the public and the media are entitled to under the Freedom of Information Act (FOIA). These censored documents could inform us on what’s really driving policy decisions in Washington. Take our latest FOIA brush with the Securities and Exchange Commission (SEC). Foreign central banks and sovereign wealth funds are required under law to report their publicly-traded U.S. stock positions no later than 45 days after the end of each calendar quarter. This is done on Form 13F, which is filed with the Securities and Exchange Commission, if those stock holdings reach $100 million or more. The central bank of Israel, known simply as the Bank of Israel, has not been doing … Continue reading
Ghislaine Maxwell, Wall Street’s Secrets and the U.S. Attorney’s Office
By Pam Martens and Russ Martens: July 7, 2020 ~ Outside of the Wall Street executives that did business with child sex trafficker Jeffrey Epstein, his first lieutenant, Ghislaine Maxwell, knows more about his Wall Street secrets than any other living person. Maxwell was arrested and indicted by the U.S. Attorney’s Office for the Southern District of New York (part of the U.S. Justice Department) on July 2, less than two weeks after the head of that office, Geoffrey Berman, was abruptly fired from his job by Attorney General William Barr. Berman’s former Deputy, Audrey Strauss, conducted the press conference regarding the Maxwell arrest. (See video below.) We immediately noticed a peculiarity about the indictment document provided by Strauss. It covered only a brief 4-year period, running from 1994 through 1997. One of the main accusers of Maxwell, Virginia (Roberts) Giuffre, has credibly indicated in previous court filings that Epstein … Continue reading