Articles by Pam Martens

We found 4 results.

The Fed’s Trading Scandal Broadens into a Scandal with the Mega Banks It “Regulates”
Pam Martens - Russ Martens | CounterPunch - TRANSCEND Media Service, 31 Oct 2022

The president of the St. Louis Fed, James Bullard, gave a private, invitation-only briefing on Oct 14 2022 to clients of Citigroup, which received the largest bailout from the Fed in banking history–a sum of $2.5 trillion in secret loans according to a government audit.

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Citigroup’s Unchecked Crime Wave Proves that America Is Headed in the Wrong Direction
Pam Martens and Russ Martens, Wall Street on Parade - TRANSCEND Media Service, 10 Aug 2015

Citigroup, the bank that played a central role in bringing America to its knees in 2008; received the largest taxpayer bailout in the history of finance to resuscitate its insolvent carcass; pleaded guilty to a felony count of rigging foreign currency trading in May and was put on a three year probation – is now under a string of manycriminal and civil investigations.

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JPMorgan Chase Closes at All-Time High – As Financial Crises Sprout Like ‘08
Pam Martens and Russ Martens, Wall Street on Parade – TRANSCEND Media Service, 27 Jul 2015

JPMorgan Chase is a global bank with over $2 trillion in assets “serving corporations and individuals in over 100 countries.” In February, the U.S. Treasury Office released a report showing staggering levels of interconnected risk among global banks. JPMorgan had the highest overall score for systemic and interconnected risk.

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Goldman Sachs Doesn’t Have Clean Hands in Greece Crisis
Pam Martens and Russ Martens – Wall Street On Parade, 6 Jul 2015

According to investigative reports that appeared in Der Spiegel, The New York Times, BBC, and Bloomberg News from 2010 through 2012, Blankfein, now Goldman Sachs CEO, played a role in structuring complex derivative deals with Greece which allowed it to hide the true extent of its debt and almost doubled the debt of Greece under the dubious derivative deals.

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