Independent thinking for complex markets and current events
Mike Johnson didn’t offer a handshake. He gave a guarantee. In private, he told his own party he would carve $1.5 trillion in spending cuts into Trump’s domestic agenda package. That was the price. The commitment was locked. April 2025. Not ceremonial. Binding. Now look at the paper. The reconciliation bill passed. The cuts didn’t. …
He notably participated in Republican National Committee (RNC) debates, a requirement of which was a promise to endorse the eventually nominee. https://justthenews.com/politics-policy/pence-wont-back-trump-2024 “It should come as no surprise that I will not be endorsing Donald Trump this year. Look, I’m incredibly proud of the record of our administration. It was a conservative record that made …
The Biden administration made two virtue-signaling proclamations at last week’s COP28 conference in Dubai that it says will help save the planet from climate change. The policies aren’t likely to change the planet’s temperature by even one-tenth of a degree, but they might just destroy the 21st-century American industrial economy as we know it. First, …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23037.html The FDIC observed that some insured depository institutions (IDIs) are not reporting estimated uninsured deposits in accordance with the instructions to the Consolidated Reports of Condition and Income (Call Report). For example, some institutions incorrectly reduced the amount reported to the extent that the uninsured deposits are collateralized by pledged assets; …