The Bureau of Labor and Statistics released the January consumer price index today [DATA HERE] reflecting what you already know. The overall inflation rate stands at 6.4%, after the anniversaries of the first two waves of price increases have now tolled…
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Sam Bankman-Fried, BlockFi and Sullivan & Cromwell: A Viper’s Nest of Conflicts and Intrigue…
On December 21, Big Law firm Sullivan & Cromwell filed a conflict disclosure with the U.S. Bankruptcy Court in Delaware, where it was hoping to be officially appointed as lead counsel for the bankruptcy estate of Sam Bankman-Fried’s collapsed crypto house of cards – FTX, Alameda Research and its more than 100 opaque affiliates. Judge John Dorsey signed the order making Sullivan & Cromwell lead counsel on January 20, despite a mind-numbing list of conflicts of interests…
The Big Stiff: Russia-Iran Dump the Dollar and Bust U.S. Sanctions…
News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization…
There Are Very Strange Things Going on at Goldman Sachs Savings Accounts Interest Rates…
Goldman Sachs’ online bank, Marcus, is offering an interest rate on its savings accounts that is 350 times the interest rate being offered by its competitors, JPMorgan Chase and Bank of America. That’s not normal…
Disconnected From Reality – BLS Employment Report Showing 517,000 Jobs Gained in January is Laughable…
The Bureau of Labor Statistics (BLS) published a jobs report yesterday [DATA LINK] that has stunned the professional financial class. However, those who have followed the BLS data assemblies were laughing – not surprised. Eventually, if this continues, the BLS pretzel logic will start using terms like “eleventy.”…
FTX Debtors Asks for Political Donations to Be Returned – First Full List of Recipients Released…
Axios is positioning this announcement as FTX asking for political donations to be returned. However, the request is realistically from the FTX debtors…
Drugs Advertised Most on TV Have Least Health Benefits, According to Analysis of $6B-a-Year-Industry…
Pharmaceutical giants funneled huge sums of money into advertising for prescription drugs deemed to have the lowest added benefit…
Wyoming Wind Projects Pose “Profoundly Dangerous” Threat to Golden Eagles…
Offshore wind projects threaten endangered whales; proposed wind projects in Wyoming “will exponentially impact Golden Eagles.”…
Bombshell Emails Raise Questions about What Sullivan & Cromwell Knew About Fraud at Sam Bankman-Fried’s Crypto Firms…
Just four days before Sam Bankman-Fried’s crypto exchange, FTX, collapsed into bankruptcy, Sullivan & Cromwell law partner Andrew (Andy) Dietderich sent an email to an attorney representing Voyager Digital’s Official Committee of Unsecured Creditors in its bankruptcy proceedings, stating that FTX was “rock solid.”…
India Is Making Huge Profits Refining Cheap Russian Oil to Sell to America, Europe…
India has found a way to profit greatly from Russia’s sanctions situation, purchasing cheap Russian crude and using its tremendous refining capacity to sell America and Europe gasoline and diesel, Bloomberg News revealed on Sunday…
18 States Send a Message to FTX Bankruptcy Judge John Dorsey: We’re Watching You…
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…
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…
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