Bankster Crime

Exposing Fraud in the Banking System

Coffee Bean Direct

3/8/24: Steve Mnuchin, the Treasury Secretary Under Trump and Known for His Involvement in Foreclosures, Teams up With Hedge Fund Individuals To Acquire a Struggling Bank Backed by Federal Insurance for Just $2 per Share.

Featured Story


Steve Mnuchin, the former Treasury Secretary under Trump, has joined forces with his associates from his time as a foreclosure mogul at OneWest and various hedge funds and private equity firms to orchestrate a takeover at the struggling New York Community Bancorp (NYCB), the parent company of Flagstar Bank.

A recent announcement from NYCB revealed that Mnuchin and his group will be investing $1 billion in equity at a price of $2 per share for NYCB, significantly reducing the value for existing shareholders whose shares were worth $10.23 at the end of last year. To add to the bold move, Mnuchin plans to place himself and three other investors on the NYCB Board, giving them a total of four votes on a Board that he intends to downsize from 12 members to 9.

Furthermore, Joseph Otting, Mnuchin’s former colleague from OneWest and the former head of the Office of the Comptroller of the Currency under Trump, will take over as the CEO of NYCB, replacing the current CEO who just assumed the position last week. Otting will also secure a spot on the NYCB Board of Directors.

The trading of NYCB shares was so tumultuous that the New York Stock Exchange had to halt trading 13 times due to limit-up or limit-down conditions, as well as once for pending news. The share price fluctuated wildly yesterday, hitting an all-time low of $1.70 before closing at $3.46.

To truly understand the situation, we must revisit Mnuchin’s Senate confirmation hearing when he was nominated by Trump to be the U.S. Treasury Secretary, a role that would also put him in charge of the Financial Stability Oversight Council (F-SOC), granting him the power to approve or deny.

Slim sized Perfume Oils are perfect to take with you in your hand bag, gym bag, or for traveling. Roll a small amount on your pulse points. These are very concentrated, absorb quickly, and last a long time.

All our fragrances do not have Phthalates, alcohol, parabens, or dyes!

Warm Sandalwood is a warm, rich, and woodsy scent. The colors are warm and rich with brown, gold, and white.

Each Perfume Oil bottle will contain approximately 0.3 ounces and be approximately 3.25 inches tall.

Allergen: Our products contain oil from tree nuts. Please test on a small area of skin prior to use and stop using if irritation occurs. Do not use if you are pregnant. Do not use on infants under the age of 24 months. Do not get in your eyes.

Don't Miss

By BanksterCrime

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?…

Read More

Is the Stock Market Setting Investors Up for a Tech Bust Similar to the Bust?

By BanksterCrime

BanksterCrime, Nvidia Share Price Performance Year-to-Date (Green) Versus S&P 500 (Orange) and Russell 2000 (Blue) By Pam Martens and Russ Martens: On Tuesday, a stock most…

Read More

By BanksterCrime

Bitcoin’s price recovery stalls above $61,000 as DXY tops 106.00. Latest Prices CoinDesk 20 Index 2,092 +3.5 ▲ 0.2% Bitcoin (BTC) $61,076 −290.9 ▼ 0.5%…

Read More

By StevieRay Hansen

The Senate Race in Ohio Is the Sickest in U.S. History in Terms of Billionaire Money from Outside the State  By Pam Martens and Russ Martens:…

Read More

By BanksterCrime

Crypto Tries to Recreate the Koch Money Machine to Pack Congress with Shills BanksterCrime: Editor’s Note: For watchdog Better Markets’ detailed analysis of crypto’s “track…

Read More
Posted in , ,

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.


Your email address will not be published. Required fields are marked *