A hub for independent voices and hard truths
A U.S. appeals court filed an order on Thursday barring President Biden’s administration from providing student debt relief with its SAVE Plan. Why it matters: Although the order on an emergency motion is not a final ruling, all aspects of the SAVE Plan are now …
BREAKING NEWS THE SWISS GOVERNMENT SAYS UBS MAY HAVE TO FIND AS MUCH AS $27 BILLION TO ABSORB POTENTIAL LOSSES AND PROTECT TAXPAYERS FROM EVER HAVING TO BAIL OUT A MAJOR BANK. I said the movie was not over. — …
by gainspainscapital Yesterday, I outlined how the Fed and the Treasury are actively working to juice the financial system to aid the Biden administration’s re-election bid. By quick way of review: 1) The Fed will soon begin cutting interest rates …
“The Airbnbust has been localized And there’s been a bit of an Airbnbailout via systemic liquidity injections throughout 2023 that I (and many others) didn’t anticipate But, defying the odds in the face of NO recession, some markets still went …
A “top man” at the Federal Reserve, specifically the “Vice Chairman for Banking Supervision, a super duper important guy, is extremely serious about the Fed not renewing the regional bank bailout program that exploded onto the Fed’s balance sheet last …
by confoundedinterest17 Nobody manipulates markets like The Federal Reserve! Nobody but The Fed. Here we sit with core inflation rate BELOW the current Fed Funds Target Rate (upper bound). So is it time to start withdrawing its more than ample monetary …
The recent $185 billion bank bailout in Switzerland has raised eyebrows as the country now contemplates a concerning measure: potentially restricting bank withdrawals to prevent a mass exodus of depositors during future financial crises. This move reflects the growing challenges …
by TonyLiberty The White House is giving $45 Billion to developers to convert empty office buildings into affordable housing. The program will provide low-cost loans, tax incentives, and technical assistance to developers who are willing to undertake these conversions. By …
Siemens Energy, a global giant in wind turbine manufacturing, is currently in negotiations with the German government regarding substantial state guarantees, a move that could potentially lead to a significant bailout to support the company’s operations and industry resilience. According …
"Subprime is contained" pic.twitter.com/P6zBYmsXIC — Don Johnson (@DonMiami3) October 21, 2023 Any bank that writes a lot of residential mortgages is cutting people. The refi business is in a coma and sales volume is way down 🚨 If they have …
https://twitter.com/QTRResearch/status/1715173565245341891
In the last 24 hours: – Mortgage rates hit +8.09%– Credit card interest rate hits record high– Car loan interest rate hits highest since 2001– Oil prices jump highest in 6 months– China planning +$137 billion stimulus– War continues on …
Bloomberg: Credit Card Debt at $1 Trillion Is a Sign of Consumer Strength [LOL!] h/t Ok_Significance_4008
via Mike Shedlock Surprise, surprise. Subsidies were not enough to make Biden’s energy projects profitable. The Coming Green Energy Bailout Taxpayers will soon be on the hook for The Coming Green Energy Bailout The Inflation Reduction Act (IRA) includes hundreds of …
by welp007 It comes with zero risk to the banks, while US taxpayers are 100% on the hook for their bad bets. It’s questionable use has exponentially risen in the past year. Soaring use of the FHLB slush fund. I …
via naturalnews: Yellow, the freight-trucking company formerly known as YRC Worldwide, is struggling and filing for bankruptcy three years after receiving a $700 million Wuhan coronavirus (COVID-19) pandemic-era bailout from the federal government. Despite negotiations that went on for months, disagreements between Yellow’s management and …
That's the week. We have now entered the pre-FOMC silent period. 96% probability of July rate hike. Peak earnings. Lowest liquidity period of the entire year. Nothing can go wrong now. pic.twitter.com/TEXdXB3q2w — Mac10 (@SuburbanDrone) July 14, 2023 Anyone who …
via The Telegraph: Germany’s central bank may need a bailout to cover losses on the debt it hoovered up as part of the European Central Bank’s (ECB) massive bond-buying programme, the country’s federal auditor has warned. The Bundesrechnungshof said losses …
by confoundedinterest17 The US is Living La Vida Biden (living the Biden life!) Which means you are making millions if you are a political elite, but suffering if you live on Main Street. And regional banks (not the TBTF national banks) …
The FDIC mistakenly revealed to Bloomberg News details on the biggest customers at Silicon Valley Bank, the failed bank whose depositors were rescued through emergency action by regulators. An FDIC document posted online by Bloomberg News on Friday offers new insights into who benefited …