3/11/24: Jerome Powell Openly Admits That Banks Will Collapse This Year

By SRH, Earlier this week, in a Senate Banking Committee, the esteemed Fed Chair Jerome Powell reluctantly acknowledged that the United States is bound to confront a series of unavoidable banking collapses this year. However, he audaciously asserts that this forthcoming surge of calamities shall be within the realm of “manageable.” Another round of deceit…

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3/10/24: Crude Oil, Gold, and Other Commodities’ Closing Prices

By SRH, In the stock market today, benchmark U.S. crude oil for April delivery experienced a decline of 92 cents, settling at $78.01 per barrel on Friday. Similarly, Brent crude for May delivery also fell by 88 cents, reaching $82.08 per barrel. Moving on to other commodities, wholesale gasoline for April delivery saw a decrease…

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3/8/24: Steve Mnuchin, the Treasury Secretary Under Trump and Known for His Involvement in Foreclosures, Teams up With Hedge Fund Individuals To Acquire a Struggling Bank Backed by Federal Insurance for Just $2 per Share.

By SRH, Steve Mnuchin, the former Treasury Secretary under Trump, has joined forces with his associates from his time as a foreclosure mogul at OneWest and various hedge funds and private equity firms to orchestrate a takeover at the struggling New York Community Bancorp (NYCB), the parent company of Flagstar Bank. A recent announcement from…

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3/7/24: Wall Street Mega Banks Have Created a Circular Firing Squad with Credit Derivatives and Capital Relief Trades – with the Fed’s Blessing

By Pam Martens and Russ Martens: On June 11, 2015, the Office of Financial Research (OFR) released a sobering report on how banks were reducing their requirements to hold adequate capital against potential losses by engaging in non-transparent “capital relief trades” with potentially questionable counterparties. The OFR researchers summarized the problem as follows: “Capital relief transactions may…

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3/5/24: Watchdog, Better Markets, Investigates the Bank that Has Lost 65 Percent of Its Market Value in Two Months and Was Downgraded to Junk by Moody’s

By Pam Martens and Russ Martens: The widely respected banking and Wall Street watchdog, Better Markets, has a new report out on the latest teetering bank holding company, New York Community Bancorp (ticker NYCB). The title of the well-researched report pretty much says it all: “A Frankenstein Monster Federal Regulators Created.” NYCB has lost 65 percent of…

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3/4/24: Bank Failures Since 2009–The New Norm Banks Collapse

Earlier in the year Silicon Valley Bank failed March 10 and then Signature Bank failed two days later, ending the unusual streak of more than 800 days without a bank failure. Before Citizens Bank failed Friday, Heartland Tri-State Bank failed July 28 and First Republic Bank failed May 1. U.S. bank failures Longest periods between…

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2/3/24: Which Banks Are In Trouble In 2024?

BanksterCrime: The worst banks in America of 2024 It’s important to keep in mind that even if a bank is featured here, that doesn’t mean it should be avoided at all costs — these are still major businesses with large customer bases, and might be able to serve your banking needs just fine. However, it…

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