By Pam Martens and Russ Martens: Senator Sherrod Brown Smart Americans have found two ways to outwit the wealth extraction machinery on Wall Street. They buy a home and build its value over time with sweat equity; and/or they start their own…
By Pam Martens and Russ Martens: Jamie Dimon Sits in Front of Trading Monitor in his Office (Source: 60 Minutes Interview, November 10, 2019) While many other countries mandate that publicly-traded companies rotate their audit firms after a maximum number of years,…
By Pam Martens and Russ Martens: Michael Barr, Vice Chair for Supervision, Federal Reserve On July 27 of last year, the Vice Chair for Supervision at the Federal Reserve Board of Governors, Michael Barr, made the following statement as part of the…
(Reuters) – U.S. bankruptcy filings surged by 18% in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although insolvency case volumes remain well below the level…
By Pam Martens and Russ Martens: Last Thursday, 12 Democrats in the U.S. Senate sent a deeply insightful letter on a subject most Americans have never discussed around their kitchen table: adequate capital levels at the Wall Street mega banks that came…
By Pam Martens and Russ Martens: Robert Kaplan, Former President of the Dallas Fed To read main stream media headlines, one would think that the Federal Reserve Inspector General’s Office has exonerated former Dallas Fed President Robert Kaplan of any legal action…
By Pam Martens and Russ Martens: Gerald Epstein is Professor of Economics and a Founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst. A book he has spent the past decade researching and writing comes out…
By Pam Martens and Russ Martens: Walker F. Todd, Former New York Fed and Cleveland Fed Insider The U.S. Department of Justice needs to immediately appoint an independent Special Counsel to investigate how long and in how many ways the U.S. Central…
by Tyler Durden Via SchiffGold.com, A startling disconnect as we edge closer to the 2024 general election: On one hand, so-called “experts” parade optimistic economic reports, but for the average American, the story is starkly different. In heated debates, economists squabble over whether the…
By Pam Martens and Russ Martens: January 18, 2024 ~ On February 10, 2014, the non-profit watchdog, Better Markets, took a bold and historic action. It filed a federal lawsuit against the highest law enforcement agency and officer in the United States –…
