Update (1230ET): The House Freedom Caucus assembled for a presser on Tuesday, where Rep. Chip Roy (R-TX) said: “Not one Republican should vote for this deal. It is a bad deal. No one sent us here to borrow an additional 4 trillion dollars to get absolutely nothing in return,” adding “There will be a reckoning about what just occurred unless we stop this bill.”…
Republicans FURIOUS over Debt Deal Reached by McCarthy, House Freedom Caucus Takes MAJOR Action in Response…
The lopsided deal has caused many Republicans to come out in droves against the bill, despite McCarthy’s claim that 95 percent of Republicans in Congress support it…
‘Kevin Caved’: McCarthy Savaged over Debt Ceiling Deal…
The hits just keep coming for Speaker Kevin McCarthy, as angry Republicans have been outright rejecting the debt ceiling deal which raises it by roughly $4 trillion for two years, doesn’t provide sticking points sought by the GOP…
Yellen’s “False Deadline” Bannon Demands Yellen Present U.S. Cash Flow for American People…
Don’t fall for the stupid being peddled by the left on the doom and gloom of the debt ceiling/spending cut negotiations. Steadying the ship needs a calm approach which Bannon delivers on this morning’s show…
The Banking Crisis for the Biggest U.S. Banks Began in April 2022; By December 14 They Had Shed $457 Billion of Deposits…
Pretty much everything the average American has read about the banking crisis is wrong. And there is at least a prima facie case that could be made that Big Media is responsible for that misinformation…
FDIC Seizure of Foreign Deposits at SVB Opens Pandora’s Box at JPMorgan Chase and Citi – Which Hold a Combined $1 Trillion in Foreign Deposits with No FDIC Insurance…
If you have been following the banking crisis, you have likely read at least a dozen times that on March 12 federal banking regulators, with the consent of the U.S. Treasury Secretary Janet Yellen, invoked the “systemic risk exception” in order to protect both insured and uninsured depositors at the two banks that failed in March – Silicon Valley Bank and Signature Bank…
The Pain of Silicon Valley Bank’s Collapse Is Being Felt by These Depositors…
Customers that banked at SVB’s Cayman Islands branch have had their funds seized by the FDIC…
This Debt Ceiling Fight Is Truly Different This Time…
Now that we’re post-FOMC and ECB we have a clear playing field for another 6 weeks. The US debt ceiling theater is now center-stage along with completing the transition away from LIBOR, which will become an anachronism at the end of Q2…
There Was a Blood Bath in Some Bank Stocks Yesterday: So Much for Jamie Dimon’s Prediction That It’s the End of the Banking Crisis…
There are two critical things you need to know about JPMorgan Chase’s Chairman and CEO Jamie Dimon’s ability to stabilize the banking crisis: (1) he’s tried twice and failed both times; (2) his bank is a key financier of hedge funds, some of which are undermining bank stock prices with short selling…
JPMorgan Chase, Officially the Riskiest Bank in the U.S., Is Allowed by Federal Regulators to Buy First Republic Bank…
On Wall Street, the business model is you eat what you kill. Jamie Dimon and the bank he helms, JPMorgan Chase, just devoured First Republic Bank after Dimon had orchestrated the worst “rescue” of First Republic in the history of banking rescues…
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