Bank Regulator Who Approved the Riskiest U.S. Bank Getting Bigger in May, Wants to Do a Survey on Why Trust in U.S. Banks Is Tanking

BanksterCrime: By Pam Martens and Russ Martens: Tomorrow, the Senate Banking Committee will hold a hearing to question federal banking regulators on what they are doing to restore public trust and financial stability to the U.S. banking system after the second, third and fourth largest bank failures in U.S. history occurred this Spring and caught regulators…

Loading

Read More

Report: During Spring Banking Crisis, Banks Borrowed Over $1 Trillion from Federal Home Loan Banks — $100 Billion More than During the Crash of 2008

BanksterCrime: By Pam Martens and Russ Martens: Yesterday, the regulator of the Federal Home Loan Bank system, the Federal Housing Finance Agency (FHFA), released a report on its recommended changes going forward. The report was in response to the questionable conduct of the Federal Home Loan Banks in the leadup to the banking crisis this past…

Loading

Read More

BanksterCrime: By Pam Martens and Russ Martens: Jane Fraser, Citigroup CEO On the first day of trading in January 2007 (the year prior to the Wall Street financial crisis in 2008 that saw century-old iconic financial firms explode one after another), Citigroup closed the trading day at $55.25. Yesterday, Citigroup’s common stock closed at an effective…

Loading

Read More

There’s a News Black Out on the Strange Doings in the JPMorgan Chase/Jeffrey Epstein Sex Trafficking Case in Manhattan

BanksterCrime: By Pam Martens and Russ Martens: November 6, 2023 ~ Jeffrey Epstein (left); Jamie Dimon (right). There are extremely strange things happening in a very high-profile federal court case in Manhattan where the largest bank in the United States, JPMorgan Chase, stands accused by victims of facilitating Jeffrey Epstein’s sex-trafficking ring that sexually abused minors…

Loading

Read More

You Can’t Put Lipstick on a Pig Forever–First Came the Hype; Then Came Adam Neumann’s Self-Dealing; Then Came the IPO Scandal; Now Comes the Bankruptcy

BanksterCrime: By Pam Martens and Russ Martens: WeWork, the flexible-office-space company, is the quintessential proof that you can’t put lipstick on a pig forever. On Tuesday, the Wall Street Journal reported that WeWork “ is planning to file for bankruptcy as early as next week….” On October 5, the credit ratings agency Fitch downgraded WeWork’s long-term…

Loading

Read More

U.S. SEC Subpoenas PayPal About USD Stablecoin

BanksterCrime: By Amitoj Singh Nov 2, 2023 at 5:47 a.m. CDT Updated Nov 3, 2023 at 6:48 a.m. CDT PayPal (PYPL) received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin, the global payments giant said in a filing, without providing more details. The firm entered the market…

Loading

Read More

17 Attorneys General and Two Claimants File Objections to JPMorgan Chase’s Tricked Up Settlement with Jeffrey Epstein Victims

BanksterCrime: By Pam Martens and Russ Martens: Presiding Judge Jed Rakoff, in the JPMorgan-Epstein Related Suits in NY Federal Court The Attorneys General of 16 states and Washington, D.C. are challenging the settlement crafted by Big Law firm WilmerHale on behalf of JPMorgan Chase and by the high-profile lawyer, David Boies, on behalf of the sex-trafficked…

Loading

Read More

JP Morgan Gold Traders Go to Jail, While JP Morgan Exits DOJ ‘Sin Bin’

BanksterCrime: by Tyler Durden Submitted by Ronan Manly, BullionStar.us There have been some interesting developments in the long running saga of criminal prosecutions by the US Department of Justice (DoJ) against J.P. Morgan and its lawbreaking traders for precious metals price manipulation and fraud. While three of JP Morgan’s top former gold traders were sentenced…

Loading

Read More