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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: JPMorgan
Share Buybacks Have Created a Dangerous Bubble in Wall Street Bank Stocks

By Pam Martens: February 14, 2019 ~ JPMorgan Chase is a Wall Street bank that has pleaded guilty to three felony counts in the past five years and lost at least $6.2 billion of its depositors’ money trading high-risk derivatives in London. And yet, somehow, the bank has a market capitalization (the value of all of its shares outstanding) that makes it among the most valuable companies in the Standard & Poor’s 500. The serially fined and investigated bank, as of yesterday’s close, has a market value of $342.817 billion which is $110.8 billion more than Boeing – one of the most sophisticated engineering companies in the world, producing commercial jet airplanes, military aircraft, rockets and satellites for customers around the globe. Looking at the bizarre situation with a wider lens, if you add up the market cap at yesterday’s market close of General Motors ($54.97 billion), GE ($90.199 billion), … Continue reading
All of a Sudden, Fixing American Capitalism Is on Everybody’s Mind

By Pam Martens: February 11, 2019 ~ Wall Street, the epicenter of American capitalism, brought down economies around the globe in 2008, including a banking, housing and foreclosure crisis in the U.S. Why is it just now that fixing American capitalism is on everybody’s mind? One answer is that it will be a central focus in the 2020 presidential campaign while a more nuanced reading is that the current dystopian billionaire administration has everyone grasping for answers as to how we got here. Harper’s magazine did make a valiant effort to look at the problem at the height of the financial crisis in November 2008 with seven essays on how to fix American capitalism. But the public at that time was more focused on keeping their jobs, a roof over their heads and pulling what little funds they had left from sinking mutual funds and teetering banks. Then the Obama … Continue reading
Policing Wall Street: Is Maxine Waters Up to the Task?

By Pam Martens: February 4, 2019 ~ The new chair of the House Financial Services Committee, Maxine Waters of California, has held elected office for more than four decades. She has served in the U.S. House of Representatives since 1991. Prior to that, she served 14 years in the California State Assembly. She has been on the House Financial Services Committee for the past 28 years – a period in which she has witnessed the largest Wall Street banks dramatically expand their financial frauds against the public. But can even a knowledgeable, seasoned veteran like Waters tackle the herculean problem that Wall Street banks represent to the country today? Apparently, JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon aren’t wasting any time trying to get a handle on the topics on which Waters intends to hold hearings. According to a report by CNBC in late January, both … Continue reading
United States Falls Deeper Into Corrupt Nation Status

By Pam Martens: January 29, 2019 ~ The U.S. is no longer in the top 10, or even the top 20, of least corrupt nations. Transparency International’s Corruption Perceptions Index for 2018 was released today and the United States has fallen four points deeper into corruption than last year. The U.S. now ranks below Luxembourg, Estonia and France, coming in at number 22 on the chart. In the Americas region, only Canada came in among the top 10 least corrupt nations, earning a number 9 ranking. (View the full list here.) Zoe Reiter, Acting Representative to the U.S. at Transparency International said this about the report: “A four point drop in the CPI score is a red flag and comes at a time when the US is experiencing threats to its system of checks and balances, as well as an erosion of ethical norms at the highest levels of power. If … Continue reading
Bad News for Deutsche Bank Is Bad News for Wall Street and Trump

By Pam Martens and Russ Martens: January 23, 2019 ~ There’s a troubling story out this morning at Bloomberg News indicating that the Federal Reserve “is examining how Deutsche Bank AG handled billions of dollars in suspicious transactions from Denmark’s leading lender [Danske Bank], according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever.” The story is troubling because (a) probing potentially criminal money laundering is the job of the Justice Department which can impose criminal charges, not the job of the Fed which cannot; and (b) the Fed is notorious for slapping knuckles and imposing small fines. The Fed’s New York regional bank, which plays an outsized role in the Federal Reserve system, is a deeply conflicted regulator. And, let’s not forget that it was the Fed that secretly funneled $16.1 trillion of almost zero interest loans to the global banks … Continue reading
The Silence on Wall Street’s Dark Pools Is Deafening

By Pam Martens: January 21, 2019 ~ It is destined to go down as one of the greatest journalistic and regulatory failures of our time – the lack of serious attention by investigative business reporters and the U.S. Department of Justice to the glaring fact that the largest Wall Street banks continue to trade their own and each other’s bank stocks in their own Dark Pools. Dark Pools function as unregulated stock exchanges inside the bowels of the largest Wall Street banks. Making the situation even more dicey, some of the big banks own more than one Dark Pool, raising the possibility that there could be cross-trading between those pools to artificially inflate or depress stock prices. JPMorgan Chase owns two Dark Pools; Citigroup currently owns at least two although it owned a lot more in the past; Morgan Stanley owns three; and then there is the Dark Pool that … Continue reading
Former SEC Attorney James Kidney Is Captured Regulators’ Worst Nightmare
By Pam Martens: January 18, 2019 ~ A jaw-dropping video of a lecture James Kidney delivered at Lake Forest College outside of Chicago on October 12 arrived in our incoming email last Friday. The courage and frankness of that lecture took our breath away. It has also, no doubt, caused major ripples among the top brass at what is supposed to be the nation’s most formidable Wall Street cop, the Securities and Exchange Commission (SEC). In the lecture, Kidney calls the leadership of the SEC when he worked there “self-serving cowards” who didn’t go after the higher ups on Wall Street following the crash of 2008 because they were simply “looking to move on, to return to their Wall Street job.” (We don’t think much has since changed at the SEC. See SEC Nominee Has Represented 8 of the 10 Largest Wall Street Banks in Past Three Years.) Kidney was … Continue reading
Mucking through the Wall Street Banks’ Earnings This Week

By Pam Martens: January 15, 2019 ~ If you’ve ever mucked horse stalls full of smelly manure, you’re better prepared for this week. Yesterday, the inscrutable Citigroup ushered in the week of mind-numbing fourth-quarter earnings reports from the financial supermarkets/commercial banks/insurance companies/brokerage firms/investment banks/derivative warehouses that have combined under one highly combustible roof, using the simple moniker Wall Street bank. There is so much going on under one roof that you’d need your own team of 100 accountants to have any clue as to whether the bank is doing well or not. JPMorgan Chase, a component of the Dow Jones Industrial Average, was out with its disappointing earnings this morning. Goldman Sachs and Bank of America report on Wednesday, followed by Morgan Stanley on Thursday. Citigroup’s big reveal was that it had missed analysts’ revenue expectations by half a billion dollars – not exactly small change. The bank reported $17.1 … Continue reading
A Wall Street Felon and High Frequency Traders Announce Plan to Form Stock Exchange

By Pam Martens: January 9, 2019 ~ A group of nine financial firms, including an admitted felon and two high-frequency trading powerhouses, announced this week that they plan to open a national stock exchange to compete head on with the New York Stock Exchange and the Nasdaq. We’ll detail those players shortly but first some necessary background to explain why this plan must never come to fruition. Yes, our two major stock exchanges are a viper’s nest of conflicts of interest and in desperate need of reform, but this motley crew can only make matters worse. Following the 1929 stock market crash, the U.S. Senate conducted three years of hearings into the brazen self-dealing and rigged trading by the major Wall Street firms that resulted in an epic crash that eventually erased 90 percent of the stock market’s value, led to the collapse of thousands of banks, and brought on the … Continue reading
A Closer Look at Why Mnuchin Called the Big Wall Street Banks to Check on Liquidity

By Pam Martens: January 7, 2019 ~ On Sunday, December 23, 2018, the sitting U.S. Treasury Secretary, Steve Mnuchin, lit up the airwaves with the announcement on his Twitter page that he had “convened individual calls with the CEOs of the nation’s six largest banks.” The Tweet went downhill from there. The Tweet attached a press release from the U.S. Treasury’s Office of Public Affairs which named the six banks and their CEOs involved in the calls. They were Brian Moynihan, Bank of America; Michael Corbat, Citigroup; David Solomon, Goldman Sachs; Jamie Dimon, JPMorgan Chase; James Gorman, Morgan Stanley; and Tim Sloan at Wells Fargo. Mnuchin said he asked the bank CEOs about their liquidity to fund regular operations and they told him they had “ample liquidity.” Let’s pause right there for a moment. These are the same Wall Street banks that brought the U.S. financial system to its knees … Continue reading