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The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the United States.
...the US equity market capitalization has completely decoupled from the declining trend in bank reserves at The Fed...
...boosting stocks. Ballooning debt will force the Federal Reserve to bring back quantitative easing, Michael Howell wrote.
WASHINGTON (AP) -- More than $200 billion may have been stolen from two large COVID-19 relief initiatives
...Staggering report reveals how billions of taxpayer cash from $4.2 trillion in bailout funds disappeared
Today, there is at least $7 trillion in uninsured bank deposits in America...
Swiss government confirms Credit Suisse takeover by UBS and says, "the bankruptcy of a global systematically important bank would have caused irreparable economic turmoil."
When banks disappear… and your money with it. In 2020 they took your jobs, your businesses, your freedom of speech and freedom of movement. Now they're coming for your social security, your pension, your house.
Rising rates and deposit withdrawals pinched SVB and Silvergate. Could the same happen to bigger banks?
The Federal Reserve's prolonged period of low interest rates created many financial dislocations that are now flaring up.
Wall Street Banks just spent the last four weeks selling investors on a soft - NO landing scenario
Blackstone's terms for UC Investments should be terrifying for all BREIT investors.
...after finding 'financial black hole' in the books: Crisis sends Bitcoin plunging 17% to two-year low
David Icke Dot-Connector Videocast
How most of the worlds biggest banks failed and had to get bailed out.
...And Raises GDP Only 0.1%. Debt forgiveness of $10k per borrower would discharge around $300bn (1.2% of GDP) of debt but would boost consumption by less than by less than 0.1% of GDP over the year following implementation.
Senator Elizabeth Warren apparently grabbed the attention of federal regulators when she stated that Voyager, the crypto platform that filed for bankruptcy protection in early July, was promoting itself as being FDIC-insured.
...pensions are in many ways the biggest Ponzi Scheme of modern man.
...Data Dump Shows $48 Trillion in Stealth Funding **PUBLISHER RECOMMENDED**
The industry needed "time-limited emergency liquidity support to ensure that wholesale gas and power markets continued to function".
Have no fear; QE will be back...
On page 1,957 of the reconciliation bill, Democrats have included a $1.67 billion special tax handout to media companies, under the guise of helping "local" journalists...
A coalition of activist organizations is calling for a federal bailout for people who can't pay their utility bills as well as a suspension of service cutoffs, Energy News Network reported.
...As Schumer Eyes Tuesday Infrastructure Passage
The Arizona Democrat said she will, however, vote in favor of the budget resolution that begins the legislative process.
First government recklessly "locks down" businesses, forcing thousands to close, and ruining countless economic lives. Then government passes out money that it does not have. In essence, government pays people not to work. With record job openings, e
