The Fed Tallies Up a Big Threat to Financial Stability in the U.S.: “Runnables” at $21.3 Trillion BanksterCrime: By Pam Martens and Russ Martens, Federal Reserve Building in Washington, D.C. Last Friday, the Federal Reserve released its semi-annual Financial Stability Report. In the…
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…
2026 job cuts by Citigroup following a $1.8 billion lossOver the next two years, Citigroup anticipates cutting 20,000 positions, or roughly 10% of its staff, the bank, with its headquarters in New York, stated on Friday. The third-largest bank in…
y Pam Martens and Russ Martens: January 16, 2024 ~ Gibson Dunn Law Partner, Eugene Scalia Jamie Dimon is the Chairman and CEO of the largest federally-insured, taxpayer-backstopped bank in the United States, JPMorgan Chase. Through much of Dimon’s tenure, JPMorgan Chase…
by Tyler Durden A quiet macro day (though we did see NYFRB inflation expectations plunge!), but some ‘good’ news from Washington reduced the risk of govt shutdown in 11 days modestly. However, there was plenty of new narrative creation from…
By Pam Martens and Russ Martens: Jamie Dimon, Chairman and CEO of JPMorgan Chase According to the complaint filed by lawyers for Jeffrey Epstein’s victims against the biggest bank in America, JPMorgan Chase, Epstein was running a “sex-themed cult.” According to a…
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…
By Pam Martens and Russ Martens: William C. (Bill) Dudley, Former President of the Federal Reserve Bank of New York William (Bill) Dudley served as President of the New York Fed from 2009 to 2018. (He was previously an executive at Goldman…
I Didn’t Have Sex With That Woman Giuffre v. Maxwell (1:15-cv-07433)District Court, S.D. New York https://www.courtlistener.com/docket/4355835/giuffre-v-maxwell/ he Jeffrey Epstein files have been unsealed. As expected, former President Bill Clinton is prominently featured – as John Doe #36 (for another good…
By Pam Martens and Russ Martens: Following the second, third and fourth largest bank failures in U.S. history in the spring of last year, Federal Reserve Chair Jerome Powell gave his semiannual monetary policy report to the House Financial Services Committee and…
