Posts Tagged ‘Banks In Trouble’
It Seems We Have Hit A Point Where A Wall Is In The Way Of “Kicking The Can” Much Further
BanksterCrime: by Tyler Durden By Peter Tchir of Academy Securities I’ve been doing a lot of thinking about “kicking the can.” Not because “kicking the can” has been effective, but because we seem to have hit the point where a wall is in the way, stopping us from “kicking the can” much further. This is…
The New York Fed Has Extended Its Half Trillion Dollar Bailout Facility to a Sprawling Japanese Bank You’ve Never Heard Of
BanksterCrime: By Pam Martens and Russ Martens: Kazuto Oku, CEO of Norinchukin Bank Quietly, on December 1, the New York Fed published the following statement on its website: “The Norinchukin Bank, New York Branch, has been added to the list of Standing Repo Facility Counterparties, effective December 1, 2023.” The Standing Repo Facility (SRF) is a…
Professors Point to JPMorgan Chase as Poster Boy of a Financial System Dependent on Corruption to Sustain Itself
By Pam Martens and Russ Martens: The full day conference sponsored by nonprofit watchdog Better Markets last Wednesday was a unique opportunity to gain brilliant insights from academic experts who have battled on the frontlines of the most unprecedented and ongoing era of corruption in U.S. financial history. (You can watch it on YouTube at this…
Jamie Dimon to Testify at Senate Banking Hearing; Don’t Expect His Bank’s Financing of Sex Trafficking or 5 Felony Counts to Come Up
BanksterCrime: By Pam Martens and Russ Martens: Jamie Dimon Being Sworn In at House Financial Services Committee Hearing, May 27, 2021 Tomorrow at 9:30 a.m., the CEOs of the eight mega banks on Wall Street will take their seats at a hearing called by the Senate Banking Committee as part of its annual nod to the…
After Two Years, There’s Still No Law Enforcement Report on Former Dallas Fed President Robert Kaplan’s Trading Like a Hedge Fund Kingpin
BanksterCrime: By Pam Martens and Russ Martens: October 31, 2023 ~ Robert Kaplan, Former President of the Dallas Fed To understand how truly bizarre and alarming the trading scandal case involving former Dallas Fed President Robert Kaplan is, some important background is necessary: Kaplan didn’t just trade in and out of stocks while a voting member of…
JPMorgan Chase Paid $1.085 Billion in Legal Expenses in Last Six Months; It’s Still Battling Hundreds of Charges and Legal Proceedings on Three Continents–Con Job Chase
BanksterCrime: By Pam Martens and Russ Martens: At some point, federal regulators, the Senate Banking Committee and the criminal division of the U.S. Department of Justice are going to reach the same conclusion that Wall Street On Parade reached quite some time ago: JPMorgan Chase is a criminal enterprise in drag as a federally-insured bank. JPMorgan…
Federal Reserve, Any System That Is This Inherently Corrupt Will Eventually Collapse Under the Weight of Its Own Corruption
BanksterCrime: By Pam Martens and Russ Martens: FRED is a giant online database at the St. Louis Fed that allows anyone to graph the financial and economic data stored in its repositories. We use the data regularly to bring our readers a crystal-clear snapshot of the increasingly dangerous underpinnings of the U.S. financial system. Let’s start…
Bank of America’s Unrealized Losses on HTM Debt Securities Total $106 Billion; 34 Percent of All Such Unrealized Losses Reported by 4,645 Banks
BanksterCrime: By Pam Martens and Russ Martens: September 26, 2023 ~ According to Bank of America’s federal regulatory filing known as the Call Report, for the quarter ending June 30, 2023, it had $105.79 billion in unrealized losses on its held-to-maturity (HTM) securities. That figure is not only far beyond the realm of what its peer…
JPMorgan Is Controlling Fossil Fuels Empire, Which Just Spilled a Million Gallons of Oil in Gulf of Mexico–This Gang of Chase Lowlifes Need to be Shut-down
BanksterCrime: By Pam Martens and Russ Martens: Tyson Slocum, Energy Program Director, Public Citizen The formidable Washington watchdog, Public Citizen, has trained its sights on JPMorgan Chase, Jamie Dimon’s house of serial frauds and felony counts that is allowed to also operate as the largest federally-insured bank in the United States. Public Citizen’s pursuit of JPMorgan…
Sexual Harassment at FDIC, Banking Rules Have Changed–America’s “Moral Authority”? What Does That Even Mean Anymore?
BanksterCrime: By Pam Martens and Russ Martens: Senator Cynthia Lummis (R-WY) Last Tuesday the U.S. Senate Banking Committee convened for a hearing to take testimony from the key federal banking regulators – ostensibly to get more clarity on why the second, third and fourth largest bank failures in U.S. history had occurred this past Spring and…