BanksterCrime: By Pam Martens and Russ Martens: April 3, 2024 ~ Finance Professors John Griffin (left) and Alex Priest Last August, the Journal of Finance published a study by two finance professors that should have made bold headlines in every major…
4/1/2024: The Threshold Sign of the Beast, Assembling the Essential Components for the Mark of the Beast “CBDC”
By SRH, The Threshold Sign of the Beast, Assembling the Essential Components for the Mark of the Beast And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand,…
Watchman: It’s the Moment When the Music Stops Playing, Investors Stop Buying, and the Ponzi Game Ends Abruptly. It’s a Hard Crash. America’s on the Brink of Its Minsky Moment
By SRH, The Bible reminds us to stay vigilant and protect our hearts from the corruption of sin. Evil can only infiltrate our lives if we allow it to take root in our hearts, much like a vampire needing an…
3/30/24: Five Banks Have a Combined Half Trillion Dollars in Commercial Real Estate Loans; Number 1 is JPMorgan Chase
By Pam Martens and Russ Martens: Yesterday, American Banker released a report showing that five banks in the U.S. hold a combined half trillion dollars in commercial real estate (CRE) loans. It came as a big surprise to a lot of folks…
Sam Bankman-Fried, the Founder of FTX, Has Been Convicted of Fraud and Has Been Sentenced to a Lengthy 25-Year Prison Term
Good Day America… By SRH, FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison by U.S. District Judge Lewis Kaplan in New York. The judge rejected Bankman-Fried’s argument that FTX customers did not suffer any losses and…
3/26/24: Wall Street’s Go-To Law Firm, Sullivan & Cromwell, Got in Bed with Crypto; Now Its Reputation Is Being Hammered
By Pam Martens and Russ Martens: Ryne Miller, Former Sullivan & Cromwell Partner Who Became General Counsel of FTX.US Since January, the reputation of Wall Street’s go-to law firm, Sullivan & Cromwell, has been repeatedly hammered. It all stems from the law…
3/19/24: JPMorgan’s Federally-Insured Bank Is Fined $348 Million for Losing Track of “Billions” of Trades
By Pam Martens and Russ Martens: March 19 2024 Jamie Dimon Sits in Front of Trading Monitor in his Office (Source: 60 Minutes Interview, November 10, 2019) On Thursday of last week, two of JPMorgan Chase Bank’s federal regulators fined the riskiest…
3/15/24: Hedge Fund Titan John Paulson Made $1 Billion in an Illegal Goldman Sachs Deal; Trump Is Now Floating Him for Treasury Secretary
By Pam Martens and Russ Martens: Hedge Fund Titan, John Paulson According to headlines at Bloomberg News and Reuters this morning, Donald Trump is floating the notorious hedge fund billionaire, John Paulson, to be his next Treasury Secretary. Paulson has, apparently, earned…
3/14/24: Brace Yourself for the Unraveling of the Stock Market, Banking Sector and the Rise of Bitcoin’s Financial Powerhouse!
By SRH, One of today’s biggest stories was the record net inflow into BTC ETFs yesterday – above $1BN for the first time since inception… Source: Bloomberg These bars are formulated for special skin needs. Our soaps are gentle and…
3/13/24: A New York Times Financial Writer Acknowledges That He Has Been Fabricating Bank Capital Figures for the Past 14 Years
By Pam Martens and Russ Martens: Andrew Ross Sorkin Yesterday, in an emailed newsletter to readers of the New York Times, financial writer Andrew Ross Sorkin effectively admitted that he has had no clue what bank capital actually is for the past…