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  "Dow Down, April Fools Up" This is real. This is dangerous. And unless something changes fast, the only ones laughing will be the ultra-rich, while everyday Americans get stuck with the bill. Michael Cohen Apr 1 Rise and shine…it’s April Fools’ Day. But while most of us are dodging harmless pranks from coworkers or family, the real joke is unfolding in real time, and the punchline is America’s economy. Tomorrow, April 2, marks Trump’s Economic D-Day, a day that’s already sending shockwaves through the markets. And guess what? It’s no prank; it’s an absolute disaster. Wall Street isn’t laughing. Goldman Sachs has issued a dire warning, signaling massive market losses, surging recession fears, and an economic outlook so grim it makes the 2008 collapse look like a minor inconvenience. Dow futures? Plummeting. Nasdaq? Tanking. S&P? Free falling. And yet, Trump; whose business acumen includes bankrupting casinos and running a fake university, wants us to believe this is al...

SUBSCRIBE TO THIS NEWSLETTER Goldman Sachs and Morgan Stanley Have Mysteriously Disappeared from this Week’s Senate and House Banking Hearings By  Pam Martens and Russ Martens : September 20, 2022 ~ There are  eight Global Systemically Important Banks (G-SIBS) in the U.S . They are: JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, Bank of New York Mellon, Morgan Stanley, State Street and Wells Fargo. These are the banks that pose the greatest risk to the stability of the U.S. financial system and are monitored under the Federal Reserve’s stress tests. Five of those eight banks pose the greatest risk to financial stability because together they hold $200.18 trillion (yes  trillion ) in notional derivatives (face amount) or 86 percent of all derivatives held by all of the nation’s banks, according to the Office of the Comptroller of the Currency – the federal regulator of national banks. Those banks are: JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, an...

  SUBSCRIBE TO THIS NEWSLETTER: Trump Administration Prosecutor Charges in New Book that Justice Department Was Corrupted by Trump and Attorney General William Barr By  Pam Martens and Russ Martens : September 13, 2022 ~ Geoffrey Berman, Former U.S. Attorney for the Southern District of New York Two new nonfiction books are being released today. Bestselling author and anthropologist Sarah Kendzior’s book,  They Knew , describes Donald Trump as a “transnational career criminal.” The book from the former top federal prosecutor in the Southern District of New York under the Trump Justice Department, Geoffrey Berman, a Republican, reinforces Kendzior’s thesis with the revelation that Trump’s Justice Department was weaponized “to aid the President’s friends and punish his enemies,” both foreign and domestic. One of the most outrageous demands from the Justice Department, writes Berman, was “pressure to pursue baseless criminal charges against John Kerry, who had served in the ...

  SUBSCRIBE TO THIS NEWSLETTER Goldman Sachs’ Secrets Spill Out in New Book by a Former Managing Director By  Pam Martens and Russ Martens : August 29, 2022 ~ Tomorrow, Simon & Schuster will release a new book by Jamie Fiore Higgins, a woman who worked her entire Wall Street career at one firm. Over the span of just under 18 years, beginning on September 2, 1998 and ending officially on May 31, 2016 according to  BrokerCheck , Fiore Higgins achieved a level of financial success rarely attained by a woman on Wall Street. She was fresh out of college, at age 22, when this journey began. She was a seven-figure Managing Director at the quintessential good ole boys club on Wall Street when it ended. Now, six years after she resigned her post (possibly heretofore restrained by the customary non-disparagement agreement one is asked to sign when leaving a Wall Street investment bank) Fiore Higgins is spilling the beans on what she saw and heard and experienced at Goldman...