While multiple Wall Street watchdogs called for Powell to refer the investigation to the U.S. Department of Justice and the Securities and Exchange Commission – which conduct all legitimate insider trading investigations involving publicly-traded stocks — the Fed instead referred the investigation on October 4, 2021 to the Federal Reserve Board’s own Inspector General, who is appointed by the Chair of the Fed, reports to the Fed Board (including the Chair) and can be fired by a two-thirds vote of the Fed Board…
At Year End, 4,127 U.S. Banks Held $7.7 Trillion in Uninsured Deposits; JPMorgan Chase, BofA, Wells Fargo and Citi Accounted for 43 Percent of That…
If the dark secrets about the U.S. banking system that federal regulators have been keeping since the financial crash of 2008 are allowed to be aired in public Congressional hearings as a result of the current banking crisis – and mainstream media will grow a backbone and cover those hearings – it could help the U.S. avoid a catastrophic financial reckoning down the road…
$100B Wiped Off U.S. Banking System in SINGLE DAY…Bloodbath on Wall Street Saw Regional Banks Fall by Nearly 60% and the Big Four Drawn Into SVB’s Collapse Contagion…
More than $100 billion was wiped off US banks’ value today in a bloodbath on Wall Street sparked by the collapse of Silicon Valley Bank…
Wells Fargo Executive Fired and Arrested After Allegedly Urinating on an Elderly Woman During a Flight…
What kind of person would urinate on a 72 year-old woman during a flight to India…
Here Come “Programmable Dollars”: New York Fed and 12 Banking Giants Launch Digital Dollar Test…
Never let a crisis go to waste. Or a market crash for that matter…
U.S. Mega Banks Were Sitting on $6.56 Billion of Chinese Education Stocks That China Just Eviscerated…
According to their latest 13F form filings with the Securities and Exchange Commission, as of March 31, 2021 the U.S. mega banks on Wall Street held a staggering $6.56 billion in three Chinese education stocks that just had their business model put through a shredder by the Chinese Communist Party…
Wells Fargo Unexpectedly Shuts All Existing Personal Lines of Credit, Hinting U.S. Economy On the Edge…
Wells Fargo just announced that it’s shutting down all of its existing personal lines of credit – a popular product offered by the retail-focused Wall Street giant – a move that will likely infuriate legions of customers…
The Fed Announces New Bank Stress Tests: Will Look at What Would Happen if a Major Counterparty Defaulted…
Back in the days when we actually had an Office of Financial Research (OFR) (before its funding and staff were gutted) we learned that the Fed was actually conducting its stress tests all wrong…
Virgin Island Attorney General Issues 15 Sweeping Subpoenas for Jeffrey Epstein Financial Accounts…
U.S. Virgin Island Attorney General Denise George has expanded her investigation into what she calls the “Epstein Enterprise” by filing 15 sweeping subpoenas to eight financial institutions in which convicted sex offender Jeffrey Epstein held at least 35 specifically named accounts. Among the banks subpoenaed are: Wells Fargo; Silicon Valley; Northern Trust International Banking Corporation; […]
Whistleblower: Wall Street Has Engaged in Widespread Manipulation of Mortgage Funds…
Among the toxic contributors to the financial crisis of 2008, few caused as much havoc as mortgages with dodgy numbers and inflated values. Huge quantities of them were assembled into securities that crashed and burned, damaging homeowners and investors alike. Afterward, reforms were promised. Never again, regulators vowed, would real estate financiers be able to […]
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