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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
The Koch Method Versus Crony Capitalism
By Pam Martens: September 12, 2012 At first I thought someone had emailed me a piece from The Onion, the on-line satire magazine; Charles G. Koch lecturing Americans on business integrity and crony capitalism – what else could it be but satire? So I went directly to the opinion pages of the Wall Street Journal last Sunday evening and there it was – a piece by Charles G. Koch titled “Corporate Cronyism Harms America,” — the equivalent of Mitt Romney lecturing Americans on compassionate pet care. Koch puts forth the premise that when businesses collude with government and receive corporate welfare, we all lose. But along the way in this argument, he makes a number of highly hypocritical comments. Koch tells us that the role of business is to “act lawfully and with integrity.” Should someone with Koch’s baggage dare to make that assertion, and in a newspaper owned by … Continue reading
Koch Footprints Lead to Secret Slush Fund to Keep Fear Alive
By Pam Martens: October 26, 2010 A secretive libertarian nonprofit with ties to Charles Koch bankrolled what was widely perceived to be a fear mongering effort to throw the Presidential election to Senator John McCain in 2008. Until now, where the money came from has been a hotly debated mystery. Seven weeks before the Presidential election of 2008, approximately 100 newspapers and magazines in the U.S., including the New York Times, Wall Street Journal, Miami Herald, Philadelphia Inquirer, and St. Petersburg Times, distributed millions of DVDs of the documentary, “Obsession: Radical Islam’s War Against the West.” Altogether, including a separate direct mail campaign, 28 million DVDs flooded households in the swing voter states. The newspapers did not know who was funding this massive propaganda campaign and, apparently, did not care. They inserted the DVD in their Pulitzer properties with the casualness of throwing in a sample of suds free detergent. … Continue reading
The Koch Empire and Americans for Prosperity
By Pam Martens: October 19, 2010 Lily Tomlin said it best: “No matter how cynical you become, it’s never enough to keep up.” Despite two solid years of progressive media tracking the billionaire Koch brothers’ funding of right wing front groups, new details have emerged which show a more sophisticated and ominous network than previously understood. One of the key organizations funded by Koch money is Americans for Prosperity (AFP). While it has been widely documented and publicized that the group is orchestrating the Tea Party, AFP is also a veritable smorgasbord of other “grassroots” personalities. The AFP or the AFP Foundation have spawned the following identities: DefendingtheDream.org (August 27-28 D.C. summit for right wing strategizing and rally); SayNoCapandTrade.org (kill tax on production of greenhouse gases); NoInternetTakeover.com (attacks on the Federal Communications Commission); SickofSpending.com (“…how to recruit, educate, organize, and mobilize fed up Americans to stop the radical left-wing agenda…”); RegulationReality.com (“…educate … Continue reading
Resurrecting Ayn Rand: Hedge Fund Money Teams Up With Koch & BB&T
By Pam Martens and Russ Martens: February 28, 2012 Gary Weiss, the Wall Street writer who was ahead of his time with his comprehensive chronicle of Wall Street corruption in 2006 (Wall Street Versus America) charts a bold new course this week with the release of Ayn Rand Nation: The Hidden Struggle for America’s Soul. Thanks to Weiss, the nation might just escape the next wave of Ayn Rand’s radical capitalism and student brainwashing by corporate money vultures fanning out across U.S. campuses. Thanks to the trail paved in Weiss’ book, we did some further digging into the money cartel financing this “spontaneous” outpouring of campus and Tea Party interest in Rand, whose work is regularly considered by top academics to be mediocre and simpleminded. This cartel has a striking similarity to the network of university economists set up by Big Tobacco in a money for hire scheme from 1983 … Continue reading
Secret Owners of Cato Institute Surface as Koch Brothers Move to Take Control
By Pam Martens and Russ Martens: March 5, 2012 With the Koch brothers, it’s all about control. They reign over the largest private oil company in the U.S. with estimated revenues of $100 billion. They wield power over a sprawling network of nonprofit front groups with unbridled influence over everything from the Tea Party to economics professors at publicly funded universities. Forbes lists their personal wealth as $25 billion each. They own mansions in the toniest towns in America. And last week, in a decidedly Scrooge-esque maneuver, they filed a lawsuit against a widow who lost her husband to a stroke a mere four months ago over stock she inherited in the Cato Institute worth a measly $16.00. The lawsuit, filed in the District Court of Johnson County, Kansas (the State where Cato was incorporated and home to Charles Koch) has opened up a nasty can of worms. Unknown to … Continue reading
Kochtopus Game Plan for Cato Institute
By Pam Martens: March 12, 2012 The oil billionaire brothers, Charles and David Koch, are adept at planning ahead. In 1984, the Kochs formed Citizens for a Sound Economy Foundation with Richard Fink and Jay Humphreys. After CSE received too much publicity suggesting it was just a front for corporate interests, the Koch brothers changed the foundation’s name to Americans for Prosperity in 2004. By 2009, planning ahead for the midterm elections in 2010, Koch money, through Americans for Prosperity, was sluicing through the “grassroots” campaign called the Tea Party. Watch the video as David Koch stands before a crowd of Tea Party leaders (reporting to him on their progress) and explains how he and his brother, Charles, provided the start up funds and are so proud of the results. Now, in an effort to make good on their promise of launching the “mother of all wars” to take the White House in the … Continue reading
U.S. Senate Candidate Backed by Hedge Fund Billionaires Was Sitting in Front Row at Trump Rally as the Sniper Fired into the Bleachers
By Pam Martens and Russ Martens: July 15, 2024 ~ Dave McCormick, the Republican candidate for the U.S. Senate from Pennsylvania, was sitting in the front row at Donald Trump’s rally in Butler, Pennsylvania on Saturday and narrowly missed being in the line of fire according to an interview he gave to CNN’s Jake Tapper on Sunday morning. McCormick told Tapper that Trump had called out from the podium, asking McCormick to join him on the stage and he “started to walk up onto the stage” when Trump said: “No, no, I will have you up in a little bit. And then the shooting started a minute or two later. And so, had he not changed his mind, I think I would have been up on that stage.” According to the PBS video of Trump’s opening remarks at the rally, which also capture the gunfire, Trump called McCormick a “great, great … Continue reading
Project 2025: The Fossil Fuel and Banking Money Behind the Madness
By Pam Martens and Russ Martens: July 11, 2024 ~ Last week, Wall Street On Parade published an article with this title: The Supreme Court Crowns a King, Immunizing Future Criminal Acts Under Project 2025 – a Right Wing Manifesto. We began the article with this: “In the span of two business days, six of the nine justices on the U.S. Supreme Court have radically altered American democracy. On Friday, those six right-wing justices gutted the ability of federal government agencies to protect the waters Americans drink, the air they breathe, their ability to impose food and drug safety rules and worker protections. On Monday, the same six effectively crowned the President of the United States a king by immunizing the President from criminal prosecution for any conduct that can be construed as official acts.” This unprecedented action by six of the right-wing Supreme Court Justices appears to be laying the … Continue reading
Joe Biden Versus the New York Times
By Pam Martens and Russ Martens: July 8, 2024 ~ When we heard that the scrappy, independent Senator from Vermont, Bernie Sanders, was going to appear on “Face the Nation” yesterday, we figured he might have something to say about the New York Times’ unprecedented and relentless drumbeat to force President Joe Biden to step down as a Presidential candidate. We weren’t disappointed. Sanders said this: “I will tell you this, whether you’re a Republican, Democrat or Independent: the American people are disillusioned, they are angry, they think that government is busy paying attention to the rich and wealthy campaign donors. And by the way, I find it personally insulting that the New York Times and all these media organizations go out front page ‘This is what the billionaire campaign donors feel.’ Well, to hell with the billionaire campaign donors. Let’s worry about the working class of this country and what … Continue reading
The Supreme Court Crowns a King, Immunizing Future Criminal Acts Under Project 2025 – a Right Wing Manifesto
By Pam Martens and Russ Martens: July 2, 2024 ~ In the span of two business days, six of the nine justices on the U.S. Supreme Court have radically altered American democracy. On Friday, those six right-wing justices gutted the ability of federal government agencies to protect the waters Americans drink, the air they breathe, their ability to impose food and drug safety rules and worker protections. On Monday, the same six effectively crowned the President of the United States a king by immunizing the President from criminal prosecution for any conduct that can be construed as official acts. U.S. Supreme Court Justice Sonia Sotomayor issued a scathing dissent. (Scroll down to her dissent at this link.) To drive home the hubris of the majority’s decision, she read her dissent aloud in the courtroom, boldly enunciating her weightiest words. In her dissent, which was joined by Justices Elena Kagan and Ketanji … Continue reading
