Ethics disclosures revealed Trump purchased at least $103 million in corporate and municipal bonds since January 20, making over 600 transactions including bonds from Wells Fargo, Citigroup, Morgan Stanley, Meta, UnitedHealth, T-Mobile, and Home Depot—all companies subject to federal regulation and …
Russian oligarch Suleiman Kerimov held a 1% stake in SpaceX through Delaware-based Heritage Trust for four years while under U.S. sanctions (2018-2022), with the stake acquired in 2017 before sanctions and disposed of before the trust was blocked in June 2022.
Sanctioned Russian oligarch Suleyman Kerimov held a strategic 1% stake in SpaceX from 2017-2022 through Delaware’s Heritage Trust, initially worth $10 million and later valued at $500 million. The investment, managed by Citigroup and structured to obscure Kerimov’s ownership, raised …
Bloomberg and other outlets reported Russian oligarch Suleyman Kerimov held approximately 1% of SpaceX through Delaware’s Heritage Trust, managed by Citigroup, from 2017 until disposal before Treasury blocked the trust in 2022. The stake was acquired pre-sanctions but retained for years after …
Investigation revealed that Citigroup lobbyists drafted a House bill aimed at rolling back Dodd-Frank financial regulations, with 70 of the 85 lines in the final House legislation directly reflecting Citigroup’s recommendations. Two complete paragraphs were copied almost word-for-word from …
$25 billion settlement with five major banks over foreclosure abuses provides limited relief to homeowners. The agreement settled widespread ‘robosigning’ practices where banks mass-signed foreclosure documents without proper review. While nominally $25 billion, only $1.5 billion went …
The first comprehensive audit of the Federal Reserve revealed it secretly provided $16.1 trillion in emergency loans to major financial institutions during the 2008-2010 financial crisis, far exceeding the $700 billion TARP program. The audit exposed unprecedented scale of financial sector bailouts, …
Investigation reveals major banks systematically falsified foreclosure documents through ‘robo-signing’, affecting 3.8 million homes. Employees at major lenders signed thousands of foreclosure affidavits without verifying information, creating a massive documentation fraud that …
During a critical congressional testimony, Attorney General Eric Holder revealed the Department of Justice’s emerging doctrine of ’too big to jail’, acknowledging that prosecuting certain financial institutions could potentially destabilize the national and global economy. This …
Congress passes the Emergency Economic Stabilization Act, creating the $700 billion Troubled Asset Relief Program (TARP) to bail out major financial institutions. Despite extensive evidence of widespread mortgage fraud, predatory lending, and securities violations that precipitated the crisis, the …
President Bush signed the Emergency Economic Stabilization Act authorizing 00 billion in bank bailouts with initially minimal oversight. Treasury Secretary Henry Paulson, former Goldman Sachs CEO, originally sought exemption from ‘review by any court of law or administrative agency.’ The …
President Clinton signs the Financial Services Modernization Act (Gramm-Leach-Bliley Act), officially repealing key provisions of the Glass-Steagall Act of 1933 that separated commercial and investment banking. The law retroactively legalizes the 1998 Citicorp-Travelers merger that created …
Robert Rubin joins Citigroup just four months after leaving his position as Treasury Secretary, shortly after the November 1999 passage of the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Rubin’s move to Citigroup - the principal beneficiary of Glass-Steagall repeal - represents one of …
In June 1998, multinational financial institutions and international organizations systematically exploited the Asian Financial Crisis through coordinated structural adjustment policies. The IMF and World Bank engineered $100 billion in support packages that effectively restructured Asian economies, …
Citicorp and Travelers Group announce a $70 billion merger creating Citigroup, directly violating Glass-Steagall Act provisions separating commercial banking from insurance and securities activities. The Federal Reserve provides conditional approval based on the expectation that Congress will repeal …