Posts Tagged ‘Bank Cover ups’
2/26/24: Why Are Some U.S. Lawmakers Opposed to CBDCs?
By SRH, Update: Government oversight, management, and regulation are applied to digital currencies called CBDCs. There are concerns that these measures could pave the way for a dictatorship through the implementation of digital IDs, immunization passports, social credit ratings, and other policies. This article details the workshop’s schedule and emphasizes the importance of paying attention…
2/23/24: These Charts Reveal Why the Fed Is Frightened about Capital Levels at the Wall Street Mega Banks
By Pam Martens and Russ Martens: According to Federal Reserve data dating back to July 3, 1985 – a span of close to 39 years – there has not been a time when the largest 25 banks were bleeding deposits on the scale that has been happening for the past 22 months. There has also never been…
2/16/24: Banks Are Being Rocked Again as Real Estate Losses Mount
By Anna Cooban, CNN 4 minute read London CNN — Nearly a year on from a banking crisis that led to the collapse of three US regional lenders and the emergency takeover of Credit Suisse in Europe, a fresh chill is running through banks as far apart as New York, Tokyo and Zurich. Common to…
2/15/24: Citigroup Is Having a Very Bad Week; Regulators Are Breathing Down Its Neck
By Pam Martens and Russ Martens: Sanford (Sandy) Weill, the Man Who Walked Away from Citigroup a Billionaire Before Its Collapse At the exact moment that the stock market closed on Monday, Reuters dropped a bombshell in Warren Buffett’s lap with news that federal banking regulators are breathing down Citigroup’s neck. Buffett’s Berkshire Hathaway owns 55,244,797 shares…
2/14/24: Five Wall Street Banks Hold $223 Trillion in Derivatives — 83 Percent of All Derivatives at 4,600 Banks
By Pam Martens and Russ Martens: February 13, 2024 ~ According to the Financial Crisis Inquiry Commission (FCIC), derivatives played a major role in the financial crash of 2007 to 2010 in the United States, the worst financial crisis in the U.S. since the Great Depression of the 1930s. The FCIC wrote in its final report: “…the…
2/12/24: The U.S. Treasury’s Financial Crisis Warning Bell Didn’t Ring Before the Repo Crisis of 2019 or This Year’s Bank Runs
BanksterCrime: By Pam Martens and Russ Martens: The Office of Financial Research (OFR) is a unit of the U.S. Treasury Department. OFR was created as part of the Dodd-Frank financial reform legislation of 2010 to keep the Financial Stability Oversight Council (F-SOC) informed about emerging threats that have the potential to spread contagion throughout the U.S.…
2/9/24: The Bank Crash Is Near, NYCB Downgraded to Junk; Shocking Charts for Citigroup, Barclays and Deutsche Bank
By SRH, Soon after the three bank failures, Joe Biden said “Americans can have confidence that the banking system is safe” and “your deposits will be there when you need them.” Treasury Secretary Janet Yellen says the U.S. financial sector “remains sound.” Can we trust them? Probably not. Within days after those comments, Credit Suisse,…
2/6/24: Jamie Dimon Has Spent $117 Billion Propping Up JPMorgan’s Share Price with Buybacks in 10 Years; He’s Counting on Trump’s MAGA Crowd to Rescue Him
By Pam Martens and Russ Martens: February 5, 2024 ~ Jamie Dimon, Chairman and CEO of JPMorgan Chase On January 19, Jamie Dimon stunned CNBC viewers when he launched into what sounded like a TV commercial for Republican Presidential candidate and 91-count indictee Donald Trump. Dimon stated: “Take a step back, be honest. He was kind of…
2/2/24: Regional Bank Stocks Are Crashing Again…
by Tyler Durden Yesterday it was NYCB that grabbed the headlines and spoiled Powell’s day. As we detailed here (and here), the banking crisis never went away and it now appears the rest of the market realizes that too as Regional Bank shares are extending their losses significantly today… This morning saw the US CRE…
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…