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Keyword: waronbanks

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  • Biden-Harris feds shut down solvent banks in an unconstitutional move against crypto banking

    09/26/2024 2:42:29 PM PDT · by Twotone · 7 replies
    The Blaze ^ | September 25, 2024 | Nic Carter
    Many of you may remember my reporting around "Operation Choke Point 2.0" from the spring of 2023; TLDR, Biden's financial regulators, namely the Fed, FDIC, and OCC, launched a crackdown on banks covering the crypto space. The first casualty was Silvergate Bank, which voluntarily liquidated. The standard reporting around Silvergate was that the bank lent to crypto depositors and those depositors were flighty; when rates rose, Silvergate suffered M2M losses on bond portfolios and ended up insolvent. Except that's not true. Silvergate weathered the storm, even though short sellers and members of Congress like Sen. Elizabeth Warren (D-Mass.) encouraged a...
  • Paul Ryan: New House Speaker, Same Old GOP Favors for Wall Street

    11/08/2015 8:53:30 AM PST · by Lorianne · 6 replies
    Fiscal Times ^ | 06 November 2015 | David Dayen
    It seems bizarre that financial policy would get decided in a bill to repair roads and bridges and mass transit, but that’s the whole point of the Christmas tree strategy: If a bill is deemed “must pass,” then adding ornaments to it comprises a good strategy for getting things into law that otherwise might not receive a vote. Ryan touted this process as a positive example of new leadership. In recent years, House bills written in secret sped to the floor without the ability for alterations. But on the highway bill, over 80 amendments got a vote on the House...