McCarthy spent MILLIONS in his secretive effort to systematically weed out GOP candidates who could either cause him trouble if he becomes house speaker or — yes — jeopardize GOP victories…
McCarthy Wins GOP Nomination for House Speaker…
McCarthy faced a challenge from Arizona GOP Rep. Andy Biggs…
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)…
Sam Bankman-Fried and FTX Cronies Gave $300k to House Committee Members Investigating Him…
House Financial Services Committee chair Maxine Waters has dodged questions about crypto titan’s donations…
Witness Drops Bombshell at House Hearing: Hedge Funds Are Getting “100 Times” Leverage on Crypto…
Yesterday, the House Financial Services’ Subcommittee on Oversight and Investigations held a critically important hearing on the crypto craze that has engulfed U.S. financial markets. The hearing was titled: “America on ‘FIRE’: Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?”…
Shhh! Don’t Tell Congress that the Cabal It’s Investigating Over GameStop and Archegos Quietly Got SEC Approval to Jointly Run their Own Stock Exchange…
The implosion of the Archegos Capital Management family office hedge fund in March, which has generated losses of more than $10 billion thus far at global systemically important banks, will likely be a key topic when the Senate Banking and House Financial Services Committees haul Wall Street bank CEOs to hearings on May 26 and 27, respectively…
There’s a Plot to Suck in More Retail Traders at the Top of a Bubble Market…
And it just so happens that at both recent congressional hearings, Piwowar was pushing for the SEC to redefine its Accredited Investor definition to open the way for small investors to buy shares of private companies…
House Hearing: Wall Street Gets Bailed Out by Fed; Main Street Gets Sold Out…
Before we get into the guts of yesterday’s hearing, it’s important to have the background on how Wall Street was bailed out and Main Street was sold out the last time around – as the parallels are downright eerie…
Two Days of Grilling Ahead for Fed Chair Powell…
At 10:00 a.m. this morning, the Chairman of the Federal Reserve, Jerome (Jay) Powell, will take his seat in the Rayburn House Office Building to deliver his semiannual testimony to the House Financial Services Committee and answer a multitude of questions on what the Fed has been up to lately. Powell will repeat the process […]
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