Posts Tagged 'Jpmorgan Chase'

Pam Martens and Russ Martens – Donald Trump Has a Goldman Sachs Problem: Derivatives

In the midst of being skewered across media outlets yesterday for his chaotic rollout of an Executive Order that appeared to target Muslims, including those legally living in the U.S. as businessmen, doctors, university faculty and students — who were initially denied reentry after travel abroad — President Donald Trump tried desperately to change the subject. Following a plunge of over 200 points in the Dow Jones Industrial Average yesterday, Trump pivoted to something he thought would please his financial ...

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Sayer Ji, Founder – Black Seed Oil Puts Deadly Asthma Meds To Shame

The powerful black seed known as nigella sativa strikes again! This time proving that food can be a powerful asthma medication alternative. 

A new study published in the journal Phytotherapeutic Research reveals that a powerful little black seed known as nigella sativa — once referred to as ‘the remedy for everything but death’ — may provide a powerful alternative to pharmaceutical medicine in the treatment of asthma. This is extremely promising for the millions of chronic ...

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Graham Vanbergen – Enemies of the State: How the Financial Services Industry is Destroying Democracy

The top ten banks in the U.S., along with their European counterparts have racked up over $300bn of fines, metered out by regulators since their egregious criminality caused a global crisis that unfolded in 2008. Its lingering influence is felt by billions of people worldwide nearly a decade later in a recovery slower than the Great Depression of the 1930’s. Jails are devoid of the Armani suited mobsters employed by the financial services industry that are now causing the breakdown ...

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Michael Krieger – Donald Trump Has an Enormous and Very Dangerous Wall Street Blind Spot

The biggest disappointment regarding Donald Trump since being elected President has been his total embrace of dangerous Wall Street thieves. As it is currently structured and incentivized, the financial services industry represents one of the most destructive and least beneficial forces within the U.S. economy. It is essentially a parasitic industry.

Unfortunately, Trump didn’t merely pick one or two competent finance guys to be in charge of finance-related jobs. Rather, he decided to surround himself with some of the worst of the worst (see links at ...

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BESS LEVIN – FORECLOSING ON A 90-YEAR-OLD WOMAN OVER 27 CENTS AND OTHER HEARTWARMING TALES FROM STEVEN MNUCHIN’S DAYS AT ONEWEST

Since it was announced Tuesday evening that Donald Trump will nominate Steven Mnuchin for Treasury secretary, a lot of time has been spent focusing on the 17 years Mnuchin worked at Goldman Sachs and whether it should disqualify him for the job. And while some might argue that having Goldman Sachs on your résumé helps qualify a person for this sort of position, the fact that the president-elect spent much of his campaign telling Americans not to vote for ...

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Annie Machon – The West’s Shift Toward Repression

Forgive my “infamously fluent French” but the phrase “pour encourager les autres” – a reference to executing one powerful person to send a message to others – seems to have lost its famously ironic quality. It seems that the U.S. government is globally paying big bucks to people to encourage them to expose the crimes of their employers, but only if they’re working for banks and other financial institutions – as opposed to say working for the government ...

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BEN WHITE – Bankers celebrate dawn of Trump era

NEW YORK — Christmas has arrived early for Wall Street in the early days of the Donald Trump era.

A populist candidate who railed against shady financial interests on the campaign trail is now putting together an administration that looks like an investment banker’s dream.

Former Goldman Sachs banker Steven Mnuchin has been seen at Trump Tower amid rumors that he’s the leading candidate for Treasury secretary. Billionaire investor Wilbur Ross appears headed to the Commerce Department. Steve Bannon, another Goldman alum, ...

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Nadia Prupis – Wall Street and Private Prisons ‘Licking Their Lips’ Over Trump Presidency

A new report from the research organization In the Public Interest (ITPI) highlights the banks that finance the private prison industry—and with a Trump administration on the horizon, they could be in for a windfall.

Six banks have played a major part in bankrolling the two largest private prison firms, CoreCivic (formerly the Corrections Corporation of America) and the GEO Group: Wells Fargo, Bank of America, JPMorgan Chase, BNP Paribas, SunTrust, and U.S. Bancorp, according to the ITPI’s report, The ...

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Pam Martens and Russ Martens – Wall Street Today: Fake Accounts, Fake Money, Fake Courts, Fake Regulators

Last Thursday, the Consumer Financial Protection Bureau (CFPB) announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers. The employees were attempting to “hit sales targets and receive bonuses.” In one of the most audacious forms of bank fraud, according to the CFPB, employees actually “transferred funds from consumers’ authorized accounts to temporarily fund the new, ...

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Deirdre Fulton – Report Shows US Corporate Tax Dodging Still Rampant, Still Legal

A new report released Tuesday reveals how “U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to paying taxes”—to the tune of more than $100 billion every year.

The analysis from the U.S. PIRG Education Fund, Citizens for Tax Justice, and the Institute on Taxation and Economic Policy finds that in 2015, more than 73 percent of Fortune 500 ...

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