JPMorgan Chase Whistle-blower, Alayne Fleischmann, Goes Public on Massive Financial Fraud Cover Up

She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore. “It was like watching an old lady get mugged on the street. I thought, ‘I can’t sit by any longer.’” Fleischmann is a tall, thin, quick-witted securities lawyer in […]

The Wall Street Bailout: A Financial Coup d’etat

The Emergency Economic Stabilization Act and Troubled Asset Relief Program (TARP), commonly referred to as a “bank bailout,” authorized the US Secretary of the Treasury to spend $700 billion (actually spent more than double that) of taxpayer dollars to purchase distressed assets, especially mortgage-backed securities (MBS). Instead, the funds were given to foreign and domestic banks to […]

The Secret Bailout of JP Morgan: How Insider Trading Looted Bear Stearns and the American Taxpayer

The mother of all insider trades was pulled off in 1815, when London financier Nathan Rothschild led British investors to believe that the Duke of Wellington had lost to Napoleon at the Battle of Waterloo. In a matter of hours, British government bond prices plummeted. Rothschild, who had advance information, then swiftly bought up the […]

The Commodity Futures Modernization Act Signed into Law by President Bill Clinton which Deregulated Derivatives & Caused the 2008 Crash

In the waning days of the 106th Congress and the Clinton administration, Congress met in a lame-duck session to complete work on a variety of appropriations bills that were not passed prior to the 2000 election. There were other, unmet pet priorities of some lawmakers that were under consideration as well. One of those pet […]