Wall Street On Parade
Banks that Put Up $30 Billion to “Rescue” First Republic May Have Been Trying to Rescue their Own Exposure to $247 Trillion in Derivatives
https://wallstreetonparade.com/2023/04/banks-that-put-up-30-billion-to-rescue-first-republic-may-have-been-trying-to-rescue-their-own-exposure-to-247-trillion-in-derivatives/
By Pam Martens and Russ Martens: April 27, 2023 ~
Ever since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves the question – why just this group of 11 banks.
JPMorgan Chase, Officially the Riskiest Bank in the U.S., Is Allowed by Federal Regulators to Buy First Republic Bank
https://wallstreetonparade.com/2023/05/jpmorgan-chase-officially-the-riskiest-bank-in-the-u-s-is-allowed-by-federal-regulators-to-buy-first-republic-bank/
By Pam Martens and Russ Martens: May 1, 2023 ~
On Wall Street, the business model is you eat what you kill. Jamie Dimon and the bank he helms, JPMorgan Chase, just devoured First Republic Bank after Dimon had orchestrated the worst “rescue” of First Republic in the history of banking rescues. Given the outcome, one has […]
There Was a Blood Bath in Some Bank Stocks Yesterday: So Much for Jamie Dimon’s Prediction That It’s the End of the Banking Crisis
https://wallstreetonparade.com/2023/05/there-was-a-blood-bath-in-some-bank-stocks-yesterday-so-much-for-jamie-dimons-prediction-that-its-the-end-of-the-banking-crisis/
By Pam Martens and Russ Martens: May 2, 2023 ~
There are two critical things you need to know about JPMorgan Chase’s
Chairman and CEO Jamie Dimon’s ability to stabilize the banking crisis: (1)he’s tried twice and failed both times; (2) his bank is a key financier of hedge funds, some of which are undermining bank […]
Short Sellers Cratered Silvergate Bank and First Republic; They’re Now Targeting PacWest and Numerous Other Regional Banks
https://wallstreetonparade.com/2023/05/short-sellers-cratered-silvergate-bank-and-first-republic-theyre-now-targeting-pacwest-and-numerous-other-regional-banks/
By Pam Martens and Russ Martens: May 3, 2023 ~
President Joe Biden is putting the national security of the United States at risk by not suspending the short-selling of federally-insured banks. Concerns over the safety and soundness of the U.S. financial system could cause money flight out of the U.S., impacting the strength of the U.S. […]
Americans Are Wrong to Worry About FDIC-Insured Bank Deposits; They Need to Worry About Sales Hustlers Inside those Banks and Short-Selling Barbarians
https://wallstreetonparade.com/2023/05/americans-are-wrong-to-worry-about-fdic-insured-bank-deposits-they-need-to-worry-about-sales-hustlers-inside-those-banks-and-short-selling-barbarians/
By Pam Martens and Russ Martens: May 4, 2023 ~
SEC Headquarters, Washington, D.C.
Federal deposit insurance was created under the Banking Act of 1933 and became effective on January 1, 1934. Since that time, no depositor in a federally-insured bank account has ever lost a dime of their deposits if they stayed within the deposit insurance cap […]
Deposits at JPMorgan Chase, Bank of America and Wells Fargo Shrank by $465 Billion Y-O-Y; More than Twice the Total of 4,000 Small Banks
https://wallstreetonparade.com/2023/05/deposits-at-jpmorgan-chase-bank-of-america-and-wells-fargo-shrank-by-465-billion-y-o-y-more-than-twice-the-total-of-4000-small-banks/
Deposits at 25 Largest U.S. Commercial Banks
By Pam Martens and Russ Martens: May 8, 2023 ~
Since the banking crisis began making headlines at expensive media real estate, the narrative has been that deposits are fleeing the small commercial banks and flooding into the biggest banks that are perceived as too-big-to-fail and thus offer a safer venue […]