The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview…
Finance
Latest News
Florida Governor Follows West Virginia in Pulling State Funds from Blackrock Over ESG Investing…
West Virginia Treasurer Riley Moore lead the way earlier this year in removing Wall Street financial firms from holding state funds due to ‘Environmental, Social and Governance’ or ‘ESG’ climate change ideology driving investment decisions…
Biden’s War on Fossil Fuels: EPA Quadruples Regulatory Cost of Carbon Emissions…
Social Cost of Carbon estimate jumps from $51 to $190 per metric ton, creating future impact for Americans’ wallets and a new headache for the oil and gas industries…
The Keystone of Corruption: FTX, Ukraine, Money Laundering Operations, the FBI and the Crypto Cookie Jar…
To understand the complexities of the FTX scandal in one of two epicenters of The Biden Crime Family’s corruption, crime and treason – Ukraine – is actually quite simple at a fundamental level [the other epicenter is China.]…
Talk About Rigged: Bahamas AG Previously Employed by Bank of FTX…
The Bahamas Attorney General Ryan Pinder, who gave an official address Sunday evening on the FTX crisis, formerly held the title “Head of Wealth Management” at e-banking platform Deltec, which was listed as a bank of FTX in the company’s recent bankruptcy filings…
FTX Owned an $11.5M Stake in a Tiny Rural Bank in Washington State with Just 3 Employeees, Bankruptcy Hearing Shows…
Farmington State Bank had 3 staff and was the 26th-smallest bank in America out of a total 4,800…
More On the FTX Crypto Scam – “There’s A Sucker Born Every Minute.”
Yours truly must admit that if SBF does participate in the New York Times Dealbook conference on the 30th as scheduled, it would either indicates that his judgement is severely impaired and he is ignoring legal advice or he has good reason to believe that his risk of being prosecuted is extremely low…
With Crypto Bank, SoFi, the Fed Is Setting the Stage for the Same Disastrous Decision It Made with Citigroup in 1999…
If there is one person in America who comprehensively understands the threats to the U.S. banking system, it is Arthur E. Wilmarth, Jr., author of the 2020 seminal book, Taming the Megabanks: Why We Need a New Glass-Steagall Act. Wilmarth is Professor Emeritus of Law at George Washington University Law School and has published more than 40 law review articles and book chapters in the fields of financial regulation and American constitutional history…
BlockFi Files Bankruptcy…
by Genevieve Roch-Decter, CFA at Threareader BlockFi just filed for bankruptcy. Here’s what I know 🧵 On November 10th, BlockFi announced it was halting withdrawals in the wake of the FTX liquidity crisis (which turned into a collapse by the next day) Why was BlockFi so affected by FTX’s collapse? Let’s back up: BlockFi was […]
FTX on Steroids: Is “Tether” the Biden World’s Crypto BCCI?…
Just days ago, Bloomberg estimated 30-year-old Sam Bankman-Fried’s (SBF) personal wealth at an astonishing $16 billion. Now, the disgraced FTX founder is essentially bankrupt, and if there is a shred of justice in the world, soon headed for prison…
FTX’s Crypto Ponzi Scam Was Also a Green Scam…
Why should anyone be surprised? Sam Bankman-Fried sold himself as a Greenie but now admits was just a con…
Biden Admin Energy Policy: YES to Drilling in Venezuala; NO to Drilling in America…
Maybe Biden is saving all fossil fuel energy for China when he finally hands them the keys to the White House…
Tucker Carlson Nails It Citing the Real Source of U.S. Inflation, Biden Energy Policy…
The Thanksgiving Holiday has now passed, but I’m certain when you went to buy your bird along with all of the fixins you noticed a sizeable increase in costs. Look no further than the occupant in the White House and his sycophants who are pretending to be ‘servants of the people.’…
FTX: New Ex-Enron CEO Finds “Complete Absence of Trustworthy Financial Information,” $3.3 Billion Loans to SBF, Customer Deposits Not Recorded on Balance Sheets; Confirms Software Backdoors, Auto-Deleted Communications…
It was really hard to get the most important stunningly bad findings from the latest FTX bankruptcy filing in a headline. So read on for more thrills and chills!…
A Smoldering Fuse…
Thirty-seven billion more dollars for Ukraine? (That’s thirty-seven thousand millions of dollars, by the way.) Bringing the total this year to a click-or-two over ninety billion (ninety-thousand millions), on top of whatever Sam Bankman-Fried’s FTX company funneled through that sad-sack international money laundromat — soon to be the darkest backwater of a European failed state since Field Marshal Melchior von Hatzfeldt of Westphalia left Bohemia a corpse-strewn wasteland after the Battle of Jankau (1645)…
FTX Partnership with Ukraine Is Latest Chapter in Shady Western Aid…
The Ukrainian government mysteriously disappeared online records of its fundraising arrangement with the FTX crypto scam just days before the scandal erupted. The initiative claims to have raised $60 million for Ukraine, but where did the money go?…
What If FTX Was a Set Up to Crash Cryptocurrency and/or to Take Control of the Market?…
For lots of reasons, the concept of cryptocurrency always pissed off the old white collar on a blue striped shirt finance guys…
A New Bankruptcy Filing Shows the Value of FTX’s Crypto Holdings Is Just $659,000…
How in the world, better yet, why in the world would a company, any company, give a one billion dollar ‘loan’ to their CEO? Who in the hell can pay back a billion dollars?!!!…
FTX Employees Used Company Funds to Buy Homes in the Bahamas…
There were no expense controls for employees whose expenses were approved by chat with personalized emojis, according to the new CEO…
“This Is Unprecedented”: Enron Liquidator Overseeing FTX Bankruptcy Speechless: “I Have Never Seen Anything Like This”…
Because how else would one describe it when FTX’s new CEO and liquidator, John Ray III, who also oversaw the unwinding and liquidation of Enron, admits that “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”…
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