#wallstreetonparade — Public Fediverse posts

The always excellent #WallStreetOnParade weighs in on the insanity of the #BitcoinStrategicReserve being flogged by Senator Cynthia Lummis and her army of crypto bros. I was not personally aware of the Exchange Stabilization Fund that they cite as a possible mechanism for Trump to enrich the bros with taxpayer money.

https://wallstreetonparade.com/2024/12/trump-has-a-slush-fund-to-prop-up-the-dollar-will-he-use-it-to-prop-up-bitcoin-instead/

#crypto #bitcoin #CynthiaLummis #SenatorLummis #cryptocurrency #BTC #Trump #DonaldTrump #uspol #uspolitics

Banks Fleece US again.
"First Republic Bank’s regulatory filing for December 31, 2022 shows that it held $176.25 billion in deposits, of which $119.47 billion were uninsured, or 68 percent of all deposits. JPMorgan Chase’s same regulatory filing (FFIEC Call Report) for December 31, 2022 shows that at year-end it held $1.527 trillion in deposits of which an estimated $1.058 trillion were uninsured – or 69 percent.
https://wallstreetonparade.com/2023/03/ubs-was-quietly-bailed-out-in-2008-now-its-getting-a-173-billion-backstop-to-buy-credit-suisse-at-82-cents-a-share/
#StopDirtyBanks #crypto #wallstreetonparade