JPMorgan Chase Has a Pattern of Criminality; Now Wall Street Is Pointing to the Bank as a Cause of the Fed’s Emergency Loans
https://wallstreetonparade.com/2019/10/jpmorgan-chase-has-a-pattern-of-criminality-now-wall-street-is-pointing-to-the-bank-as-a-cause-of-the-feds-emergency-loans/
By Pam Martens and Russ Martens: October 2, 2019 ~
Jamie Dimon, Chairman and CEO of JPMorgan Chase
Two notable things happened on Monday, September 16, 2019. Rates started to spike in the overnight loan (repo) market, reaching a high of 10 percent the next day and forcing the Federal Reserve to step in as a […]
Derivative Risks Rising: Sell-Off in Interconnected Mega Banks and Insurers
https://wallstreetonparade.com/2019/10/derivative-risks-rising-sell-off-in-interconnected-mega-banks-and-insurers/
By Pam Martens and Russ Martens: October 3, 2019 ~
New York Stock Exchange Trading Floor
The Dow Jones Industrial Average has lost 838 points in the past two days of
trading. On a percentage basis, its losses pale in comparison to the losses
experienced over the past two days by some of the biggest global banks […]
There’s Nothing Normal About the Fed Pumping Hundreds of Billions Weekly to Unnamed Banks on Wall Street: “Somebody’s Got a Problem”
https://wallstreetonparade.com/2019/10/theres-nothing-normal-about-the-fed-pumping-hundreds-of-billions-weekly-to-unnamed-banks-on-wall-street-somebodys-got-a-problem/
By Pam Martens and Russ Martens: October 4, 2019 ~
John Williams, President of the Federal Reserve Bank of New York
Yesterday, the House Financial Services Committee released its hearing
schedule for October. There is not a peep about holding a hearing on the
unprecedented hundreds of billions of dollars that the Federal Reserve Bank of New […]
Fed Says It Will Offer $310 Billion More in Term Loans to Wall Street as Over 68,000 Job Cuts Planned at Mega Banks
https://wallstreetonparade.com/2019/10/fed-says-it-will-offer-310-billion-more-in-term-loans-to-wall-street-as-over-68000-job-cuts-planned-at-mega-banks/
By Pam Martens and Russ Martens: October 7, 2019 ~
New York Fed Headquarters Building in Lower Manhattan
One or more U.S. or foreign banks that are primary dealers to the Federal
Reserve Bank of New York is in need of longer-term loans that they are unable to get anywhere else – at least at an affordable […]
Connecting the Dots to the Budding Wall Street Crisis
https://wallstreetonparade.com/2019/10/connecting-the-dots-to-the-budding-wall-street-crisis/
By Pam Martens and Russ Martens: October 8, 2019 ~
New York Stock Exchange
We’re going to do today what mainstream media has failed to do for the
American people so far this year — as well as prior to the onset of the 2008
financial collapse on Wall Street. We’re going to connect the dots that […]
Fed’s Powell Admits a Bigger Bailout for Wall Street Is Coming; Fed’s
Balance Sheet Ballooned by $176 Billion Since September
https://wallstreetonparade.com/2019/10/feds-powell-admits-a-bigger-bailout-for-wall-street-is-coming-feds-balance-sheet-ballooned-by-176-billion-since-september-11/
By Pam Martens and Russ Martens: October 9, 2019 ~
Federal Reserve Chairman Jerome Powell Speaking at the National Association of Business Economists on October 8, 2019
Yesterday, at a speaking event in Denver at the National Association of
Business Economists, Federal Reserve Chairman Jerome Powell acknowledged that a larger, long-term bailout of Wall Street is coming. […]