federal

Federal Reserve reveals the 57 companies cleared to use FedNow

The Federal Reserve has announced that 57 companies have completed the formal testing and certification process for FedNow, clearing them to begin using the new instant payment system once it launches later in July. https://www.kitco.com/news/2023-07-03/Federal-Reserve-reveals-the-57-companies-cleared-to-use-FedNow.html full list of participants https://www.frbservices.org/financial-services/fednow/organizations-certified Participants 1st Bank Yuma 1st Source Bank Adyen Alloya Corporate Federal Credit Union Atlantic Community …

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Another Federal Agent Arrested for Crimes Against Children

by Chris Black It happened again. This repulsive monster is a veteran FBI agent living in Queens, New York. He is being charged with possessing and sharing 700 files depicting toddlers and babies being raped over the internet. https://nationaljusticeparty. com/2023/06/24/new-york-fbi-agent-arrested-for-massive-collection-of-toddler-rape-videos/ pic.twitter.com/6MW2d4oHtd — Michelle (@Michelle3181980) June 25, 2023  

FDIC Chair: “In the near term, the FDIC, together with the Federal Reserve & the Office of the Comptroller of the Currency, will issue a notice of proposed rulemaking to seek public comment on changes to the U.S capital framework to consider how best to incorporate the finalization of Basel III.”

by Dismal-Jellyfish Source: https://www.fdic.gov/news/speeches/2023/spjun2223.html TLDRS: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through a set of rules known as Basel III. The aim was to ensure banks held enough capital to weather economic storms. However, Basel III is not yet complete, with …

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Joe Biden is the worst president in US history, leading to a self-destructive path and loss of faith in the federal government.

by Michael The verdict is in.  Joe Biden is the worst president in the entire history of the United States, and that is really saying something because we have had some absolutely horrible presidents.  Just about everything that Biden has done since he entered the White House has turned out badly, and our once great …

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Federal Charges Filed Against Hunter Biden on Multiple Tax Counts, Gun Violation [They’re Ignoring the BIG CRIMES!]… Agrees to Plead GUILTY in Sweetheart Plea Deal

via beckernews: Hunter Biden is being charged for federal tax violations and a gun charge, according to a breaking news report by NBC on Tuesday morning. “Federal charges have been filed against Hunter Biden in a case involving taxes and gun possession charge, he is expected to plead guilty to the tax charges only,” NBC reported. “He …

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CULTURE OF CORRUPTION: Lina Khan’s Recusal Coverup: The Federal Trade Commission Chair flouted the advice of the agency’s ethics officer.

via WSJ: Federal ethics rules require executive-branch employees to recuse themselves when circumstance would cause a “reasonable person with knowledge of the facts to question his impartiality.” FTC ethics official Lorielle Pankey wrote in a 14-page memo dated Aug. 31, 2022 that Ms. Khan’s past statements about Meta were such a circumstance. “In my view, …

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Student loans are a large asset for Uncle Sam, accounting for 42.3% of total Federal assets.

Now you know why student loans will never be forgiven. https://www.advisorperspectives.com/dshort/commentaries/2023/06/09/feds-financial-accounts-what-are-uncle-sams-largest-assets https://www.fiscal.treasury.gov/reports-statements/financial-report/balance-sheets.html Then, drilling down on “Note 4.” https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2022/notes-to-the-financial-statements4.pdf h/t PettyWitch

A federal judge ruled that A shirt that reads “there are only two genders” is not protected speech.

Bonkers ruling— Federal judge in Massachusetts says a shirt that reads “there are only two genders” is not protected speech and “invades the rights of others.”https://t.co/uzcVh60rlZ pic.twitter.com/Nyb9yi5OR6 — Marina Medvin 🇺🇸 (@MarinaMedvin) June 17, 2023 As someone who grew up in the USSR getting her teeth drilled without novocaine the idea that today’s US kids …

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Goldman Sachs under federal investigation over role in SVB collapse, reports

The SEC and Federal Reserve are investigating Goldman Sachs’ role in purchasing $21 billion of SVB’s securities portfolio, as well as its role in advising SVB in raising capital. Goldman Sachs is cooperating with and providing information to various governmental bodies, and the Department of Justice has issued a subpoena. Key Takeaways The SEC and …

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Federal Reserve issues FOMC statement: the Committee decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent.

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a.htm Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on …

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Trump and Aide Walt Nauta ‘Under Arrest’ At Miami Federal Courthouse – Booked, Fingerprinted

Both Trump and his aide Walt Nauta were placed ‘under arrest,’ booked and fingerprinted as they awaited Tuesday’s court proceedings. Trump was not placed in handcuffs and no mugshot was taken. CNN reported: Former President Donald Trump has been arrested at the federal courthouse in Miami and will soon be arraigned on charges related to …

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Hedge funds are betting against short-dated Treasuries as the Federal Reserve’s tightening cycle is far from over… World Bank: Global economic growth expected to slow to 2008 levels

Hedge funds are continuing to bet against short-dated Treasuries, extending their record selling streak as wagers mount that the Federal Reserve’s tightening cycle is far from over.  https://t.co/98PnJfM6c7 pic.twitter.com/fFQVUQb7Hp — Mo Hossain (@MoHossain) June 12, 2023 🚩 Deutsche Bank expects an imminent default wave, with a peak in the fourth quarter of 2024. It forecasts …

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Trump faces a maximum 75-year prison sentence if convicted on all seven charges…. Rep. Gaetz: “This…indictment…reflects the most severe election interference on the part of the federal government that we have EVER seen!

via NYPOST: The federal indictment lodged against former president Donald Trump includes seven charges that carry a maximum 75-year prison sentence if convicted on all counts. The charges against Trump include: willfully retaining the national defense documents, conspiring to obstruct justice, withholding the documents, corruptly concealing the records, concealing a document in a federal investigation, …

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Federal Reserve continues to be forced to inject massive liquidity in banks… It’s a full-blown crisis

https://t.co/J8joLEILkG — Win Smart, CFA (@WinfieldSmart) June 8, 2023 No it isn't. https://t.co/Yz6TjPCYMI pic.twitter.com/ns9EdXBrd1 — Financelot (@FinanceLancelot) June 7, 2023 Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks (by the time Yellen the Felon notices something is an “issue,” trust me, it’s a full-blown crisis) The Fed fixing the economy …

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Gary Gensler: “In the Dodd-Frank Act of 2010, Congress directed federal agencies, including the SEC, “to remove any reference to or requirement of reliance on credit ratings” from our rules and to substitute an appropriate standard for credit-worthiness This final rule fulfills Congress’s wishes”

by Dismal-Jellyfish Source: https://www.sec.gov/news/statement/gensler-statement-credit-ratings-060723 Today, the Commission is considering adopting a set of final rules to remove references to credit ratings from Rules 101 and 102 of Regulation M (Reg M). I am pleased to support these rules because they will fulfill an important mandate issued by Congress in the wake of the 2008 financial …

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Fed Inferno! Is The Federal Reserve Actually The US Economy? Or Is The Fed The DNC De Facto Treasury?? (M2 Money UP 167% Since Nov ’08)

by confoundedinterest17 Fed inferno! One has to wonder about The Feral Reserve. Since The Great Recession of 2008, The Federal Reserve has printed a staggering amount of money (know as QE). There is still about $8.3 TRILLION in monetary stimulus sloshing around the economy. And M2 Money printing is up 167% since November 2008. So, …

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Federal Judge blocks Florida ban on puberty blockers…

TALLAHASSEE, Fla. (WFLA) — A federal judge ordered Florida to stop enforcing its ban against providing gender-affirming healthcare to transgender children for three families, according to newly-released court documents. On Tuesday, Judge Robert L. Hinkle, of the United States District Court for the Northern District of Florida, issued a preliminary injunction in favor of three families …

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Often at the mercy of the dollar, emerging countries are looking to insulate themselves from the US Federal Reserve policy by shifting to Gold

by BoatSurfer600   Often at the mercy of the dollar, emerging countries are looking to insulate themselves from the vagaries of U.S. Federal Reserve policy by shifting to gold—and away from the greenback. This shift in their currency reserves poses a distinct risk to Americans, who benefit from the willingness of other countries to swap their goods in exchange for U.S. legal tender. If more nations …

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Six federal regulatory agencies today requested PUBLIC COMMENT on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs).

by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230601a1.pdf Under the proposed rule, the agencies would require institutions that engage in covered transactions to adopt policies, practices, procedures, and control systems to ensure that AVMs adhere to quality control standards designed to ensure the credibility and integrity of valuations. The proposed standards are designed to ensure a high level of confidence …

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