Wall Street
After Weeks of Howling by MAGA Republicans for the Chair of the FDIC “to Resign,” a Democrat Delivers the Decisive Stab in the Back HNewsWire: By Pam Martens and Russ Martens, Senator Sherrod Brown (left); Outgoing FDIC Chair Martin Gruenberg (right) Yesterday, at 10:08 a.m., Senator Sherrod Brown, a Democrat from Ohio and the Chair of…
Nvidia Hit a $3 Trillion Market Cap Last Week; Dark Pools Are Making Over 300,000 Trades in the Stock Weekly BanksterCrime: y Pam Martens and Russ Martens: June 10, 2024 ~ The much-hyped artificial intelligence chipmaker, Nvidia (ticker NVDA), reached a market cap of $3 trillion on Thursday, beating out Apple as the second most…
BanksterCrime: Academic Study Provides Hard Numbers to the Sick, Revolving Door Culture at Goldman Sachs, JPMorgan and Citigroup By Pam Martens and Russ Martens, On January 18, 2019 the Cambridge University Press published a stunning research paper from the Journal of Institutional Economics. The paper provides the hard numbers to support the thesis that federal banking…
BanksterCrime: By Pam Martens and Russ Martens, George Washington University Law Professor, Arthur Wilmarth, has done it again. After authoring the seminal book on the insidious evolution and enormous dangers still posed by the Wall Street megabanks (Taming the Megabanks: Why We Need a New Glass-Steagall Act) Wilmarth is now out with a new, gripping paper. In…
BanksterCrime: By Pam Martens and Russ Martens: April 3, 2024 ~ Finance Professors John Griffin (left) and Alex Priest Last August, the Journal of Finance published a study by two finance professors that should have made bold headlines in every major business newspaper in America. It didn’t – suggesting that Americans will eventually learn about Wall…
3/26/24: Wall Street’s Go-To Law Firm, Sullivan & Cromwell, Got in Bed with Crypto; Now Its Reputation Is Being Hammered
By Pam Martens and Russ Martens: Ryne Miller, Former Sullivan & Cromwell Partner Who Became General Counsel of FTX.US Since January, the reputation of Wall Street’s go-to law firm, Sullivan & Cromwell, has been repeatedly hammered. It all stems from the law firm’s decision some years ago to involve itself in legal representations of crypto firms and/or…
2/1/24: Senator Sherrod Brown Takes on the Fed’s Support of Wealth Stripping the Middle Class
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 small business. A very large number of Americans who are living comfortably in retirement today…
Satan Soldiers Will Stop at Nothing: Inside Wall Street’s Plan to Start Trading America’s Natural Resources
By making money off of the right to own both public and private land in the United States, Wall Street has discovered a new approach to combat climate change while simultaneously making a profit. A Natural Asset Company (NAC) would be established by the New York Stock Exchange (NYSE) and an organization known as the…