Con Games
This Chart Shows How Wall Street Banks and the Fed Have Become a Match Made in Hell
By Pam Martens and Russ Martens: July 24, 2023 ~ Prior to Ben Bernanke being sworn in as Fed Chair on February 6, 2006, the United States had been through World War I, the Great Depression, World War II, the Vietnam War and the stagflation of the 1970s, without an explosion in the Fed’s balance sheet.…
The Victims of a Former Financial Advisor’s Ponzi Scheme Are Demanding an Explanation From Morgan Stanley
HNewsWire: A former Morgan Stanley financial advisor has pleaded guilty to fraud and money laundering in what prosecutors said was a $7 million scam. Victims filed arbitration claims against the firm, alleging that it failed to reasonably supervise its employee. Morgan Stanley said it fired the advisor after the fraud was discovered. But it was…
TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit–More To Come!
By StevieRay Hansen BanksterCrime: More than a decade after the infamous $7 billion Ponzi scheme was run by disgraced financier Allen Stanford, TD Bank has agreed to pay $1.2 billion to settle a lawsuit alleging its involvement in the scheme. In a statement released on Monday, Toronto-Dominion Bank admitted to paying $1.205 billion to a…
US DOJ Goes After FTX’s Bankman-Fried For Allegedly Leaking Caroline Ellison’s Diary
The United States Department of Justice (DOJ) has accused Sam Bankman-Fried, the former CEO of the now-collapsed crypto exchange FTX, of leaking the private diary of Caroline Ellison, a former colleague, and CEO of sister trading firm Alameda Research. The leaked diary was published by the New York Times, shedding light on Ellison’s personal musings…
Swiss Government Plans to Lock Away Secrets on Credit Suisse Collapse for 50 Years–We Have No Right to Know the Truth!
The “Deep State” is increasingly feeling like the “Deep Banking State.” Try to get any meaningful information to unravel the corrupt and dangerous interconnections between global banking behemoths today and some government or other entity has slapped a padlock on the information. The latest example is the Swiss Parliamentary Commission of Inquiry that is delving…
Satan Soldier Larry Fink’s Fake ESG Facade Crumbles as Blackrock Names Aramco Liar Con Man CEO Nasser to Its Board–Blackrock is The Enemy!
HNewsWire: Three weeks ago, at the Aspen Ideas Festival, BlackRock CEO Larry Fink revealed that he had abandoned the term “ESG” (every virtue signaler’s beloved “environment, social, and governance” acronym) because it has been highly politicized and even “weaponized,” and he is “ashamed” to be part of the debate. Many applauded the decision, which they…
Elon Musk ChatGPT Challenger Triggers Surge In AI-Backed Cryptocurrencies
Elon Musk recently introduced an artificial intelligence venture called xAI, aimed at revolutionizing the field of AI. This announcement has sparked a notable surge in the value of cryptocurrency tokens associated with AI. In an intriguing move, xAI has been established as an independent entity, separate from Musk’s prominent technology enterprise, X Corp. This strategic…
Stocks Are Crashing, VIX Spikes As Option-Players Panic-Buy Protection
Trouble: VIX is back above 30… …and its put-buying not call-buying this time… The S&P is down over 3% and Nasdaq down 5%… As yields plunge back to 60bps (10Y)… Stocks catching down to bonds… Gold is also dropping… As the smell of liquidation is back. StevieRay HansenEditor, BankstersCrime Source: zerohedge.com God often uses men…
After “Extraordinary Event” Crushes Traders, Credit Suisse Forced To Accelerate “Berserk” NatGas ETN
Following yesterday’s “berserk” price action in Credit Suisse’s 3x Inverse Natural Gas ETN, the Swiss banking giant has been forced to do something about it. In recent years the price hadn’t risen above $600, but it advanced in each of the past five sessions with percentage increases of 35%, 34%, 29%, 223% and 400%, and closed…
Banks Brace For A Historic Crash With Record Loss Provisions
For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb on loans they had made, or even by frontrunning the Fed with their prop (and flow) trading desks, they would “earn” their way to just above consensus estimates by releasing…