WeWork is just one more in a long series of Wall Street scandals that prove that the universal banking model is little more than a thinly-disguised wealth transfer system from the pockets of average Americans to the 1 percent. Just two months ago WeWork’s two lead Wall Street underwriters, JPMorgan Chase and Goldman Sachs, were […]
“You’ve got to be kidding me!”: Outraged WeWork Employees Furious at Neumann’s $1.2B “Platinum Parachute”…
A Secretive Committee of Wall Street Insiders Is the Least of the New York Fed’s Concerns…
In July 17, Mary Callahan Erdoes, head of JPMorgan Chase & Co.’s $2.2 trillion asset and wealth management division, walked into the wood-paneled tenth-floor conference room at the Federal Reserve Bank of New York to address some fellow Wall Street luminaries — Bridgewater Associates’ Ray Dalio, Dawn Fitzpatrick of Soros Fund Management, short-seller Jim Chanos, […]
JPMorgan Chase Has Billions in CRE Loans Riding on WeWork Surviving…
WeWork’s business model isn’t workable. Everybody understands that except the Wall Street bank that has the most to lose if WeWork’s initial public offering (IPO) of its stock doesn’t move forward. That bank is JPMorgan Chase, one of the two main underwriters of the IPO, along with Goldman Sachs. WeWork’s business model is to take […]
Why Is JPMorgan Chase Always in the Middle of Scandalous News? Fake Gold Anyone?…
If your bank is under a criminal probe for potentially rigging gold and silver markets, it doesn’t help your case to have $50 million in fake gold bars sitting in your vaults. Nonetheless, this is what Reuters reported last week: “In the last three years, bars worth at least $50 million stamped with Swiss refinery […]
Jeffrey Epstein’s Death Adds to the JPMorgan Body Count…
Major Banks Hand Over Wealth of Information on Russians linked to Trump Family to Congress…
According to a report from the Wall Street Journal, major Wall Street financial institutions have handed a wealth of information on Russians linked to Donald Trump and members of his family to congressional committees. The report states, there are “thousands of pages of documents related to Russians who may have had dealings with Mr. Trump, […]