Posts Tagged ‘Con Games’
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…
Wall Street CEOs Want the Line Between a Federally-Insured Bank and a Wall Street Trading Casino Erased; Regulators Want Higher Capital to Prevent That
By Pam Martens and Russ Martens: David Solomon, Chairman and CEO, Goldman Sachs David Solomon, Chairman and CEO of Goldman Sachs, let it slip out at yesterday’s Senate Banking hearing what is really driving the mega banks’ backlash against federal banking regulators’ proposal to raise capital requirements at banks with more than $100 billion in total…
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…
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…
BS From JPMorgan Analysts: Crypto Bear Market on the Brink of Conclusion–Major Distraction Form Satan Soldiers at Chase
BanksterCrime: A study of CME Group’s bitcoin futures and open interest indicates the crypto bear market may be approaching its end, according to JPMorgan analysts led by Nikolaos Panigirtzoglou. The bank’s market experts suggest that there’s “limited downside for crypto markets over the near term.” Reversal on the Horizon? JPMorgan Sees Limited Downside for Crypto…
Former FTX CEO Sam Bankman-Fried Allegedly Being ‘Extorted and Physically Harmed’ in Jail
BanksterCrime: Jeremy Lorenzo, aka “Poops,” has given more insights on the difficulties that former FTX CEO Sam Bankman-Fried is allegedly facing during his stay at Brooklyn Metropolitan Detention Center (MDC). Lorenzo shared that Bankman-Fried had computer code confiscated and that he might have been moved due to being “extorted and physically harmed daily.” Sam Bankman-Fried…
The Federal Reserve Is Just Trying to Play the Blame Game and Pass the Buck Onto Other Entities, so When the Crap Hits the Fan They Can Say, ‘We Told You So, in It’s the Fine Print, the Devil Is in the Details, It’s Not Our Fault You Know.’
BanksterCrime: “This problem seems likely, given the way Congress has behaved in recent years,” the Feds added. The Federal Reserve is warning that the United States faces a “dollar inflation uncertainty nightmare,” or hyperinflation in other words. It is no secret that the U.S. dollar’s purchasing power has vastly been diminished annually. To put things…
Trillions of Dollars in Uninsured Deposits Are Now a Serious Albatross Around the Necks of the Mega Banks on Wall Street–Con Games Over
In June, Reuters reported that JPMorgan Chase was expanding the reach of its commercial bank into two additional foreign countries – Israel and Singapore – bringing its foreign commercial bank presence to a total of 28 countries. Those plans could potentially add billions of dollars more to its already problematic uninsured deposits. Why federal regulators…
This Chart Shows How Wall Street Banks and the Fed Have Become a Match Made in Hell
By Pam Martens and Russ Martens: July 24, 2023 ~ Prior to Ben Bernanke being sworn in as Fed Chair on February 6, 2006, the United States had been through World War I, the Great Depression, World War II, the Vietnam War and the stagflation of the 1970s, without an explosion in the Fed’s balance sheet.…
The Victims of a Former Financial Advisor’s Ponzi Scheme Are Demanding an Explanation From Morgan Stanley
HNewsWire: A former Morgan Stanley financial advisor has pleaded guilty to fraud and money laundering in what prosecutors said was a $7 million scam. Victims filed arbitration claims against the firm, alleging that it failed to reasonably supervise its employee. Morgan Stanley said it fired the advisor after the fraud was discovered. But it was…