A showdown in the Delaware bankruptcy proceedings for Sam Bankman-Fried’s collapsed crypto exchange, FTX, before presiding Judge John Dorsey is scheduled for next Monday morning at 9:30…
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Exxon Posts Record $56 Billion in Profits — But Keeps Gouging Consumers…
ExxonMobil on Tuesday joined other U.S. oil companies in reporting record 2022 earnings amid rising gas prices, sparking renewed calls by consumer and climate advocates for a Big Oil windfall profits tax…
Pfizer Reports $100B Haul, with Vast Majority of Profits Looted from U.S. Taxpayers…
mRNA experimental injection company reaps benefits of public-private corruption…
Paul Craig Roberts Warns the Loss of the Petrodollar Will Be Disastrous…
Former White House official Paul Craig Roberts is warning that as more nations all over the globe move away from using the dollar in energy trade, the consequences for the United States economy could be quite severe…
Sullivan & Cromwell’s Crypto Clients Are in Growing Distress…
The 144-year old law firm, Sullivan & Cromwell, which previously prided itself on being the go-to law firm for Wall Street, decided a few years back to get deep in the swamp with all things crypto. That dicey decision is now playing out in negative headlines that are dragging down the reputation of the 900-attorney law firm…
Eight Million Americans Earning More Than $100,000-a-Year Are Living Paycheck-to-Paycheck…
Inflation is crippling America’s middle class…
‘Smoking Gun’ Disability Data Reveals Alarming Health Crisis of the Employed…
“If you’re wondering why there are ‘help wanted’ signs, this is it.”…
Boeing Pleads Not Guilty in Texas Court to Deceiving Regulators About ‘Issues’ with 737 Max’s Control System That Led to Two Fatal Plane Crashes Killing 346 People…
Aircraft manufacturer Boeing has pleaded not guilty to charges the manufacturer deceived federal authorities over the safety of its 737 MAX jets following two high-profile crashes in 2018 and 2019…
Serious New Issues Emerge in Sullivan & Cromwell’s Deeply Conflicted Role in the FTX Bankruptcy Case…
…Hoda admonished Sullivan & Cromwell with this: “When you find yourself in a hole, stop digging.” Hoda also accused the 144-year old law firm of “gamesmanship” over its serial delays in advising the court of its seemingly endless conflicts in the matter…
Bankruptcy Judge in Manhattan Rules that Crypto Customers Lost Ownership of $4.2 Billion When They Deposited It Into “Earn” Accounts…
Customers of bankrupt crypto platforms who have been locked out of withdrawing from their accounts for months, are learning the hard way that U.S. bankruptcy court judges in New York and Delaware have little sympathy for their plight. Instead, there has been an uncanny propensity to side with big corporate law firms like Kirkland & Ellis and Sullivan & Cromwell…
Now Spotify Will Axe 6% of Its Workforce This Week After Similar Layoffs at Microsoft, Alphabet and Amazon…
Spotify is laying off thousands of staff as the tech sector continues to suffer a ‘richcession’ gutting the industry of white collar jobs…
Don’t Call It Capitalism: The Fed’s $8 Trillion Hoard of Financial Assets…
It’s a sure bet that as the economy worsens, unemployment surges, foreclosures rise, defaults climb, and economic misery ensues, we’ll be told it’s all capitalism’s fault. The question one must ask, however, is, “What capitalism?”…
FDA Epinephrine Recall…
Spectrum Laboratory Products, Inc. is voluntarily recalling three lots of Epinephrine (L-Adrenaline) USP, a bulk active pharmaceutical ingredient (API) used to manufacture or compound prescription products, to the user level. Customer complaints have found the product to be discolored…
Boeing Is Ordered to Appear in U.S. Court on Felony Charges for Two 737 MAX Crashes That Left 346 Dead After Judge Overturned $2.5B Immunity Deal…
US District Judge Reed O’Connor ordered Boeing to appear in court on January 26 to be arraigned on a 2021 felony charge…
Full Memo: Microsoft to Cut 10k Jobs, About 5% of Workforce, and Take $1.2B Restructuring Charge…
Microsoft laying off 10,000 employees out of a workforce of 220,000 begins today…
FTX Says $413 Million Worth of Cryptocurrency Was Stolen from Failed Exchange…
Debtors for the bankrupt cryptocurrency exchange FTX have said that around $413 million worth of cryptocurrency was stolen from the company through “unauthorized transfers.”…
Little-Known Surveillance Program Captures Money Transfers Between U.S. and More Than 20 Countries…
Law-enforcement agencies across the U.S. have direct access to over 150 million transactions housed at an Arizona nonprofit…
Four Crypto-Friendly Banks Are Being Bailed Out with Billions from a Federal Housing Program Share Prices of Crypto-Friendly Banks…
Recall the trillions in bailouts of the Too Big to Fail banks, well the Federal Reserve is now doing it for crypto-friendly banks…
The FAA Has Very Quietly Tacitly Admitted That the EKGs of Pilots Are No Longer Normal. We Should Be Concerned. Very Concerned…
After the vaccine rolled out, the FAA secretly widened the EKG parameter range for pilots so they wouldn’t be grounded. It looks like the vax gave at least 50M Americans heart damage…
A Sam Bankman-Fried Company Loaned or Invested More Than $1 Billion in Clients of Its Law Firm, Sullivan & Cromwell…
by Pam Martens and Russ Martens at Wall Street on Parade In a January 12 Substack column penned by Sam Bankman-Fried, the indicted co-founder and former CEO of collapsed crypto exchange, FTX, he writes that “When I would visit NYC, I would sometimes work out of S&C’s office.” S&C is shorthand for the 144-year old […]
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