Bankster Crime

Exposing Fraud in the Banking System

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

By SRH,

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. www.graniteridgesoapworks.store

Loading

Don't Miss

Fed’s Vice Chair for Supervision Says Another Financial Crisis Could Cost U.S. $5 Trillion to $25 Trillion – Potentially as Much as 100 Percent of GDP–It’s Tribulation In Full View

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens Michael Barr, Fed Vice Chair for Supervision On Monday, Michael Barr, the Vice Chair for Supervision at the Federal…

Loading

Read More

Smoke and Mirrors. FDIC Scheme–Smoke and Mirrors. FDIC Scheme–a Key Driver of the Failures of Silicon Valley Bank and Signature Bank Were Their Over Reliance on Uninsured Deposits

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: Today, the U.S. Senate Banking Committee will call federal banking regulators before it to testify at a hearing at…

Loading

Read More

Banks in Trouble: The 25 Largest U.S. Banks Are Seeing the Largest Fall in Deposits in 38 Years With No Signs of Letting Up

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: August 7, 2023 ~ Deposits at the 25-largest domestically-chartered U.S. commercial banks peaked at $11.680 trillion on April 13,…

Loading

Read More

Professors Point to JPMorgan Chase as Poster Boy of a Financial System Dependent on Corruption to Sustain Itself

By StevieRay Hansen

By Pam Martens and Russ Martens: The full day conference sponsored by nonprofit watchdog Better Markets last Wednesday was a unique opportunity to gain brilliant insights…

Loading

Read More

The Perfect Storm Hits Big Banks: Tumbling Deposits, Rising Unrealized Losses, and Higher-for-Longer Interest Rates

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: September 25, 2023 ~ On March 30, 2022, two highly troubling events occurred: (1) Fed data showed that unrealized…

Loading

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.

LEAVE A RESPONSE

Your email address will not be published.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