Posts Tagged ‘Corruption’
BanksterCrime: By Pam Martens and Russ Martens, George Washington University Law Professor, Arthur Wilmarth, has done it again. After authoring the seminal book on the insidious evolution and enormous dangers still posed by the Wall Street megabanks (Taming the Megabanks: Why We Need a New Glass-Steagall Act) Wilmarth is now out with a new, gripping paper. In…
BanksterCrime: By Pam Martens and Russ Martens, Exactly how long is it going to take federal banking regulators to figure out that “move fast and break things” – the business model of Silicon Valley financial technology (fintech) startups and their voracious venture capital backers – is the last thing that Americans want to be integrated into…
BanksterCrime: Citigroup Gets Fined $79 Million Two Years After It Caused a $300 Billion Flash Crash in European Stock Markets By Pam Martens and Russ Martens, Two U.K. regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), announced this morning that they have leveled fines totaling $78.5 million against Citigroup’s European trading arm,…
BanksterCrime: The Curious Money Trail Behind the Supreme Court/Clarence Thomas Decision to Rescue a Federal Agency that Wall Street Hates Donald Trump, Jones Day Law Firm, Billionaire Charles Koch and the Assault on the CFPB By Pam Martens and Russ Martens, Last Thursday, in a stunning 7-2 win for the little guys and gals in America,…
BanksterCrime: Delinquencies on Office Property Loans at Banks Are at 8 Percent While Office Loans the Banks Sold to Investors Show 31 Percent in Trouble By Pam Martens and Russ Martens, On Friday, the Federal Reserve released its semiannual Supervision and Regulation Report on banks. Commercial real estate loans at banks – particularly on office properties…
BanksterCrime: By Pam Martens and Russ Martens, Robert Kaplan The swampiest trading house on Wall Street, Goldman Sachs, issued a press release on Tuesday which was revolting – even to Wall Street veterans who are familiar with its scandalous history. (See Related Articles below.) The press release stated that “Rob Kaplan will rejoin the firm as…
Cleary Gottlieb – Outside Counsel to Wall Street’s Serially Bailed Out Megabanks – Tarnishes the FDIC Chair in its So-Called “Independent” Report BanksterCrime: By Pam Martens and Russ Martens, Martin Gruenberg, Chair, Federal Deposit Insurance Corporation (FDIC) Yesterday, the Big Law firm Cleary Gottlieb released its so-called “independent review” of charges of sexual harassment at the…
JPMorgan Chase and Its Regulators Are Hiding Dark Trading Secrets at the Largest and Riskiest U.S. Bank BanksterCrime: By Pam Martens and Russ Martens, Jamie Dimon, Chairman and CEO of JPMorgan Chase Last Wednesday, JPMorgan Chase, the publicly-traded parent of the largest federally-insured bank in the United States as well as a five-count felon, revealed in…
Banks In Trouble
Why Analysts Are Apprehensive About a Potential Us Banking Disaster… The month of March 2024 is unsettling investors. One significant plan to support the US banking system is coming to an end, and another might be coming to an end. Some economic analysts are concerned about another banking catastrophe. How concerned should we then be?…
JPMorgan Remains the Second Largest Money Market Fund Manager, Despite Needing Billions in Money Market Bailouts from the Fed in 2020 BanksterCrime: By Pam Martens and Russ Martens, The Office of Financial Research (OFR), the federal agency created after the financial crash of 2008 to keep federal banking regulators on top of threats to financial stability,…