2/27/24: all-American” Companies That Are Now Internationally-Owned
By SRH, There are many well-known enterprises that are considered typically American. These firms provided some of the best services and products the world has ever seen, putting the United States on the map. However, the world is full of…
2/26/24: Why Are Some U.S. Lawmakers Opposed to CBDCs?
By SRH, Update: Government oversight, management, and regulation are applied to digital currencies called CBDCs. There are concerns that these measures could pave the way for a dictatorship through the implementation of digital IDs, immunization passports, social credit ratings, and…
2/24/24 Get Prepared: Trump Says Bitcoin Has Taken on ‘a Life of Its Own,’ Will Probably Need Some Regulation, Trump’s Bad For The Country and Americans
By SRH, Former president stated he was “not a fan” of cryptocurrencies and called the central bank’s digital currency dangerous, vowing to ban them if elected.Trump said, “I can live with it,” about bitcoin before the South Carolina primary.A softening…
2/23/24: These Charts Reveal Why the Fed Is Frightened about Capital Levels at the Wall Street Mega Banks
By Pam Martens and Russ Martens: According to Federal Reserve data dating back to July 3, 1985 – a span of close to 39 years – there has not been a time when the largest 25 banks were bleeding deposits on the…
2/22/24: Wall Street Law Firm Sullivan & Cromwell Gets Sued Over Allegations It Aided and Abetted the FTX Crypto Fraud
By Pam Martens and Russ Martens: Ryne Miller, Former Sullivan & Cromwell Partner, Became General Counsel of FTX.US The 144-year old Wall Street go-to law firm, Sullivan & Cromwell, may be getting rich on the FTX bankruptcy legal fees, but it’s also…
2/20/24:JPMorgan Says Its “Trading Venues” Are Under Investigation While It’s Still on Probation for Prior Trading Crimes
By Pam Martens and Russ Martens: Jamie Dimon Sits in Front of Trading Monitor in his Office (Source: 60 Minutes Interview, November 10, 2019) Last Friday, ahead of a three-day weekend when bad news could be expected to evaporate into the ether…
2/19/24: Jamie Dimon Is Desperate to Pin the Jeffrey Epstein Scandal on Jes Staley; Bloomberg News Is Carrying His Water — Again
By Pam Martens and Russ Martens: February 16, 2024 ~ Jeffrey Epstein (left); Jamie Dimon (right). After hurling salacious allegations for months against Jes Staley in a federal lawsuit JPMorgan Chase had brought against its former executive, the bank decided last September…
2/16/24: Banks Are Being Rocked Again as Real Estate Losses Mount
By Anna Cooban, CNN 4 minute read London CNN — Nearly a year on from a banking crisis that led to the collapse of three US regional lenders and the emergency takeover of Credit Suisse in Europe, a fresh chill…
2/15/24: Citigroup Is Having a Very Bad Week; Regulators Are Breathing Down Its Neck
By Pam Martens and Russ Martens: Sanford (Sandy) Weill, the Man Who Walked Away from Citigroup a Billionaire Before Its Collapse At the exact moment that the stock market closed on Monday, Reuters dropped a bombshell in Warren Buffett’s lap with news…
2/14/24: Five Wall Street Banks Hold $223 Trillion in Derivatives — 83 Percent of All Derivatives at 4,600 Banks
By Pam Martens and Russ Martens: February 13, 2024 ~ According to the Financial Crisis Inquiry Commission (FCIC), derivatives played a major role in the financial crash of 2007 to 2010 in the United States, the worst financial crisis in the U.S….