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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
“Masking”: A Mass Conspiracy Inside Merrill Lynch
By Pam Martens and Russ Martens: March 26, 2018 At last we know why the New York State Attorney General’s office has decided to sideline the Securities and Exchange Commission and U.S. Department of Justice and become the self-appointed watchdog over Wall Street’s Dark Pools: it’s helping its hometown industry by doling out tiny fines and never digging too deep. This past Friday’s fine against Merrill Lynch’s Dark Pool marks the fourth time since 2014 that the office of New York State Attorney General Eric Schneiderman has leveled a meaningless fine of less than $50 million against the Dark Pools of Wall Street’s mega banks that are making billions of dollars in profits each year through what Senator Bernie Sanders calls a “business model of fraud.” (Schneiderman’s office brought earlier charges against Barclays, Credit Suisse and Deutsche Bank.) On Friday, Schneiderman’s office issued a press release on its $42 million … Continue reading
Wall Street Is Winning By Going Dark
By Pam Martens and Russ Martens: March 22, 2018 As front page news focuses more and more on the Russia-Trump investigation, there is rarely an in-depth journalistic investigation into the dangerous risks building up on Wall Street that makes front page news. And yet, as we know from the epic financial crisis of 2008, an unreformed Wall Street presents the gravest threat to America’s long-term vitality and economic might. Take, for example, what happened this past Monday. The U.S. Securities and Exchange Commission (SEC) awarded a record $83 million to three whistleblowers from one of America’s largest retail brokerage firms, Merrill Lynch, part of the sprawling Bank of America. That bank holds $1.4 trillion in deposits, much of which is FDIC insured and backstopped by the U.S. taxpayer — the same taxpayer that bailed out Bank of America in 2008. The SEC maintains the confidentiality of whistleblowers who come to … Continue reading
As Cable News Obsesses Over a Porn Star, Senate Prepares to Put the Next Wall Street Crash in Motion
By Pam Martens and Russ Martens: March 8, 2018 The U.S. Senate is about to set in motion the next financial crash on Wall Street but you would never know it from watching cable news channels CNN or MSNBC last evening. Both news channels obsessed for endless hours over the Trump-Russia scandal and a hush money payoff to porn star Stormy Daniels, neglecting one of the most critical topics of the day: what was happening on the Senate floor this week. Some of the most informed Democratic voices in the U.S. Senate are making impassioned and heartbreaking appeals to their colleagues this week on the floor of the U.S. Senate to vote down Senate bill S.2155, which carries the Orwellian title: “The Economic Growth, Regulatory Relief and Consumer Protection Act.” The bill is a Republican/Wall Street lobbyist masquerade to ostensibly help small community banks but will effectively gut enhanced oversight … Continue reading
Democrats Gutting Wall Street Reform? Follow the Money.
By Pam Martens and Russ Martens: March 5, 2018 Today’s front page of the print edition of the New York Times has articles on the Oscars, the election in Italy, Ben Carson’s reign at HUD and the death of an elderly Briton who once broke the four-minute mile among numerous other less than urgent news pieces. What it does not have on its front page is any headline showing concern that the seminal piece of Wall Street reform legislation of the Obama era, which already has enough loopholes to set off champagne corks on K Street, may be dismantled this week by a vote in the Senate. The move would come in the midst of the 10th anniversary of the greatest Wall Street collapse and economic catastrophe since the Great Depression, both of which were underpinned by casino capitalism — Wall Street banks making obscenely leveraged bets for the house … Continue reading
Citigroup’s Loan to Kushner: The Devil Is in the Details of Citi’s Sordid History
By Pam Martens and Russ Martens: March 1, 2018 Last evening, the front page digital edition of the New York Times dropped another bombshell in what increasingly feels like a badly scripted daily soap opera that could perhaps be called “As the White House Turns” or “Days of Our Messed Up Lives.” The Times report focused on big loans that were made to Jared Kushner’s family business by two financial firms after he met at the White House with executives from those firms. There was a $184 million loan from private equity firm Apollo. There was also a $325 million loan by mega Wall Street bank Citigroup shortly after a visit by Citigroup’s CEO Michael Corbat to Kushner’s office at the White House in the spring of 2017. Despite nepotism laws governing the Executive Branch, Kushner is both the son-in-law to President Trump as well as a Senior Advisor. Despite … Continue reading
Is Dow Component GE the Victim of Wall Street’s Dark Conflicts?
By Pam Martens and Russ Martens: February 27, 2018 MarketWatch’s Tomi Kilgore reported on February 13, 2018 that JPMorgan analyst Stephen Tusa “became even more bearish” on General Electric (which has been a component of the Dow Jones Industrial Average since its creation in 1896). Kilgore reports further that the JPMorgan analyst had “slashed his stock price target to $14” from his previous target of $16. Only Deutsche Bank’s stock analyst, John Inch, says Kilgore, has a lower target, at $13. JPMorgan, along with all of the other major Wall Street firms, is still allowed to issue research ratings on stocks despite the firms being charged by the Securities and Exchange Commission in 2003 in the epic research scandal on Wall Street. Yesterday morning, as the Dow was on its way to closing up a whopping 399 points, GE plunged to a nickel below the JPMorgan analyst’s prediction, touching an … Continue reading
Puerto Rico – Here’s Why the New York Fed Does Not Feel Your Pain
By Pam Martens and Russ Martens: February 24, 2018 On Thursday, the President of the Federal Reserve Bank of New York, William C. Dudley, held a press conference to effectively tell Puerto Ricans to suck it up as they attempt to recover from an epic humanitarian crisis caused by Hurricane Maria, which devastated infrastructure and wiped out electricity to the entire Island in September. When it comes to corrupt Wall Street banks that are in the process of failing, the Federal Reserve can always find trillions of dollars to funnel into the banks’ coffers at almost zero interest rates to prop them back up. It does that through its power to electronically create money out of thin air. Take, for example, the $16 trillion it secretly lavished on Wall Street banks and their foreign counterparts during the financial crash of 2007 to 2010. For deviant banks and their shareholders, the … Continue reading
Is that Cartel of Wall Street Lawyers Fixing Bank CEO Pay?
By Pam Martens and Russ Martens: February 21, 2018 Nothing buttresses Senator Bernie Sanders’ position that fraud on Wall Street is not a bug but a feature better than the news last week that the Citigroup Board was bumping up CEO Michael Corbat’s pay by 48 percent to $23 million for 2017. Corbat has sat at the helm of the bank since October 2012 as the bank has paid more than $12 billion in fines and restitution for serial abuses of the public and investors, including its first criminal felony count in more than a century of existence. The felony count came on May 20, 2015 from the U.S. Department of Justice over the bank’s involvement in a bank cartel that was rigging foreign currency markets. Numerous other charges against the bank have focused on money-laundering. Citigroup’s long history of involvement in money-laundering also gives the appearance of being a … Continue reading
Alarm Bells Sounded on Wall Street’s Derivatives
By Pam Martens and Russ Martens: February 20, 2018 On February 14, the week after the Dow Jones Industrial Average experienced two separate days of more than 1,000-point losses, the House Financial Services’ Subcommittee on Capital Markets, Securities and Investment convened a hearing to discuss various legislative proposals to return to the wild west era of derivatives trading on Wall Street. (Many, including Wall Street On Parade, believe that we’ve never left that era – the risks have simply been hidden behind a dark curtain. See related articles below.) One lonely voice for sanity on the witness panel, which was stacked with industry trade groups, was Andy Green, Managing Director at the Economic Policy Center for American Progress. Green’s written testimony stated that the legislative proposals “slice, dice, or otherwise poke holes – sometimes large holes – in the firewalls placed in the derivatives markets by post 2008 reforms….” Green … Continue reading
Wall Street’s Regulators Move Deeper Into Darkness Under Trump
By Pam Martens and Russ Martens: February 16, 2018 In towns across America there are laws that prevent government officials from meeting secretly. Typically, the officials must first publish a notice to the public with the date and time of the meeting; circulate the notice in a widely read publication and post the notice on the official website in order to give the public advance notice and the ability to attend the meeting or hearing. The ability of the U.S. public to attend government meetings; hear firsthand what is being done with taxpayers’ dollars; ask questions about any perceived conflicts that might exist; and file Sunshine law requests for documents is how citizens hold government officials accountable. When we lose that, we lose the entire concept of America as a country of the people, by the people and for the people. Thus, any effort at all to whittle away at … Continue reading