Posts Tagged ‘money’
15 Most Recent Bank Failures
BanksterCrime Since 2019, 15 banks have failed, with five banks failing in 2023 alone. On October 18, 2024, First National Bank of Linday’s demise marked the second bank failure of the year. The collapse raised questions about whether the failure was caused by errors at the bank or by economic issues that could affect other…
The US Bank Regulator Is Mulling Legal Action Against Former SVB Executives
BanksterCrime: The US bank regulator is mulling legal action against former SVB executives. WASHINGTON, December 17 (Reuters) The chairman of a major US banking regulator announced Tuesday that his agency is considering legal action against six former officers and eleven former directors of Silicon Valley Bank.Chairman of the Federal Deposit Insurance Corporation, Martin Gruenberg, said…
Donald Trump’s Treasury Nominee Made Big Bets this Year on Chinese Stocks and a Big Short on the U.S. Market
BanksterCrime By Pam Martens and Russ Martens: Hedge Fund Manager, Scott Bessent, Is Trump’s Nominee for U.S. Treasury Secretary Last Friday, in a flurry of announcements of cabinet nominees, President-elect Donald Trump dropped the name that the entire world had been waiting to hear: his pick for U.S. Treasury Secretary. The man Trump chose, Scott…
The Biden Administration’s Strategy to Undermine Silvergate and Permanently Exclude Cryptocurrency from the Financial System, AKA Tribulation
BanksterCrime: by Tyler Durden Submitted by Nic Carter In late 2022, Silvergate Bank was on top of the crypto world. Once a small California savings and loan association, Silvergate had transformed itself into the most important bank in the crypto sector, allowing it to stage an IPO and claim a majority of the sector’s institutional…
BanksterCrime Wall Street Has Moved Vast Sums of Its Trading to Its Federally-Insured Banks By Pam Martens and Russ Martens: September 23, 2024 ~ President Bill Clinton Laughs It Up as He Signs the Repeal of the Glass-Steagall Act, November 12, 1999 Taxpayer-backstopped federal deposit insurance at commercial banks in the U.S. was never meant to…
BanksterCrime By Pam Martens and Russ Martens: It is rare for a book to be so comprehensive and insightful that it provides a roadmap for the future – especially when its cast of characters are the lawyered-up megabanks on Wall Street and their legions of lobbyists and public relations flacks. We’re referring to Taming the Megabanks:…
After Weeks of Howling by MAGA Republicans for the Chair of the FDIC “to Resign,” a Democrat Delivers the Decisive Stab in the Back HNewsWire: By Pam Martens and Russ Martens, Senator Sherrod Brown (left); Outgoing FDIC Chair Martin Gruenberg (right) Yesterday, at 10:08 a.m., Senator Sherrod Brown, a Democrat from Ohio and the Chair of…
BanksterCrime By Ryan Gorman, principal at PR firm Gorman Strategies Presidential debates cover the issues that polling shows are most important – immigration, healthcare, the economy, climate change. So why was crypto not mentioned even once Thursday night? Neither the American public nor the two presidential candidates care very much about crypto, the debate showed.…
BanksterCrime By Pam Martens and Russ Martens: Both Bloomberg News and the Wall Street Journal have now reported that it’s not just presidential candidate Donald Trump that is proposing a U.S. Sovereign Wealth Fund, but that President Joe Biden’s administration is also exploring the idea. The Wall Street Journal reported as follows on the Biden plan…
By BanksterCrime Rioters targeted some of the richest areas in the capital of our country. Early Tuesday morning, several businesses suffered damage as well as injuries among residents. Among the objectives of the marauding crowd of thugs were City Center, Logan Circle and Georgetown. Many fires were started as well. Among the various upscale stores…