AMERICANTHINKER (American Thinker) - Banking Regulation: The Gates Are Slowly Closing
AT via Magic Studio By Thomas Kolbe Rising interest rates, record insolvencies, and permanent recession -- the looming economic crisis in the EU is taking shape.
NPR (Scott Horsley) - Senate Democrats say banks turned blind eye to suspicious moves by Jeffrey Epstein
A report from Senate Democrats accuses big banks of failing to report suspicious money transfers made by Jeffrey Epstein until after his arrest in 2019.
A report from Senate Democrats accuses big banks of failing to report suspicious money transfers made by Jeffrey Epstein until after his arrest in 2019.Open
AXIOS (Avery Lotz) - Barney Frank, gay rights icon and architect of bank rules, dies at 86
Former Rep. Barney Frank (D-Mass.), a driving force behind far-reaching Wall Street reforms following the 2008 financial crisis, died Tuesday night, according to Frank's former campaign manager. He was 86. The big picture: With a sharp wit and pugnacious outspokenness, Frank became a liberal icon in his three decades in the House. He was an architect of the landmark Dodd-Frank Act and a trailblazer for the LGBTQ+ community as an openly gay member of Congress. Driving the news: Jim Segel, Frank's former campaign manager and close friend, tells Axios Frank died Tuesday night. - Segel on Wednesday talked to Frank's brother, who confirmed his passing. Context: The former lawmaker gave a number of final media interviews from hospice care,…
Former Rep. Barney Frank (D-Mass.), a driving force behind far-reaching Wall Street reforms following the 2008 financial crisis, died Tuesday night, according to Frank's former campaign manager. He was 86. The big picture: With a sharp wit and pugnacious outspokenness, Frank became a liberal icon in his three decades in the House. He was an architect of the landmark Dodd-Frank Act and a trailblazer for the LGBTQ+ community as an openly gay member of Congress. Driving the news: Jim Segel, Frank's former campaign manager and close friend, tells Axios Frank died Tuesday night. - Segel on Wednesday talked to Frank's brother, who confirmed his passing. Context: The former lawmaker gave a number of final media interviews from hospice care,…Open
NYTIMES (Stacy Cowley) - Banking Regulators Prepare to Loosen Post-Crisis Capital Rules
The changes, long sought by bank lobbyists, will reduce the capital banks must hold in reserve to mitigate risks.
NYTIMES (Oren Cass) - How the Capitalists Broke Capitalism
Regulating the industry is useful. Shaming it is crucial.
THENATIONALPULSE (The National Pulse) - Trump Must Ignore Coinbase’s CEO’s China PR and Keep Crypto Free from State Control.
Coinbase CEO Brian Armstrong said the stupid part out loud, recently opining on how the Chinese Communist Party’s (CCP) state-sponsored digital yuan will soon be paying out “interest.”Now the central bank digital currency (CBDC) argument has to be had all over again.Armstrong heaped praise on the CCP’s approach: “China has decided to pay interest on […] The post Trump Must Ignore Coinbase’s CEO’s China PR and Keep Crypto Free from State Control. appeared first on The National Pulse .
Coinbase CEO Brian Armstrong said the stupid part out loud, recently opining on how the Chinese Communist Party’s (CCP) state-sponsored digital yuan will soon be paying out “interest.” Now the central bank digital currency (CBDC) argument has to be had all over again. Armstrong heaped praise on the CCP’s approach: “China has decided to pay interest on its own stablecoin, because it benefits ordinary people, and they recognize it as a competitive advantage.” Alarm bells toll. The guy with all our crypto accounts at his fingertips has developed a taste for putting the blockchain in government hands. It would be bad enough if it were a U.S. central digital bank. It’s all the worse for being China. The CCP is not running some…Open