3/20/24:During Spring Bank Panic of 2023, Liquidity Advances from FHLBs Topped Those of Q4 2008, when Wall Street Was in Collapse
By Pam Martens and Russ Martens: According to data from the Federal Deposit Insurance Corporation, and using a graph from the…
3/19/24: JPMorgan’s Federally-Insured Bank Is Fined $348 Million for Losing Track of “Billions” of Trades
By Pam Martens and Russ Martens: March 19 2024 Jamie Dimon Sits in Front of Trading Monitor in his Office (Source: 60…
3/18/24:Why Do People Invest In Cryptocurrencies?
Cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services or traded for a…
3/13/24: A New York Times Financial Writer Acknowledges That He Has Been Fabricating Bank Capital Figures for the Past 14 Years
By Pam Martens and Russ Martens: Andrew Ross Sorkin Yesterday, in an emailed newsletter to readers of the New York Times, financial…
3/12/24: Bitcoin Surges Past Silver As World’s 8th Largest Asset After UK Greenlights Crypto-Backed Notes
by Tyler Durden Bitcoin soared above $72,000 for the first time in history this morning, far surpassing its historical (inflation-adjusted…
3/11/24: Jerome Powell Openly Admits That Banks Will Collapse This Year
By SRH, Earlier this week, in a Senate Banking Committee, the esteemed Fed Chair Jerome Powell reluctantly acknowledged that the…
3/11/24: Bitcoin Halving,Analyzing The Key Event In Bitcoin’s History
by Tyler Durden Authored by Brian Nibley via Finance Magnates.com, With spot Bitcoin ETFs having been approved the same year…
3/10/24: Crude Oil, Gold, and Other Commodities’ Closing Prices
By SRH, In the stock market today, benchmark U.S. crude oil for April delivery experienced a decline of 92 cents,…
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.
By SRH, Steve Mnuchin, the former Treasury Secretary under Trump, has joined forces with his associates from his time as…
3/7/24: Wall Street Mega Banks Have Created a Circular Firing Squad with Credit Derivatives and Capital Relief Trades – with the Fed’s Blessing
By Pam Martens and Russ Martens: On June 11, 2015, the Office of Financial Research (OFR) released a sobering report on how…