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Joinfortmill's Journal
Joinfortmill's Journal
March 15, 2023

Federal investigators examining Trump Media for possible money laundering...


'Federal prosecutors in New York involved in the criminal investigation into Donald Trump’s social media company last year started examining whether it violated money laundering statutes in connection with the acceptance of $8m with suspected Russian ties...Trump Media, which owns Trump’s Truth Social platform – initially came under criminal investigation over its preparations for a potential merger with a blank check company called Digital World (DWAC) that was also the subject of an earlier probe by the Securities and Exchange Commission.

The Russian connection, as being examined by prosecutors in the US attorney’s office for the southern district of New York, centers on a part-owner of Paxum Bank – an individual named Anton Postolnikov, who appears to be a relation of Putin ally Aleksandr Smirnov...Prosecutors appear to have also taken a special interest in the payments because the off-shore Paxum Bank has a history of providing banking services for the pornography and sex worker industries, which makes it higher risk of engaging in money laundering and other illicit financing.'

March 13, 2023

Wow. Just wow.


Can We Stop the Greed-Heads From Their Destruction of Banking & More? Thom Hartmann

'The CEO of SVB didn’t like the regulations imposed after the 2008 financial meltdown by Congress’ Dodd-Frank legislation, and spent over a half-million dollars bribing…er, influencing…legislators (legalized by 5 Republicans on the Supreme Court) to change the law and exempt his and other smaller, regional banks from what he argued was the heavy hand of government.

As Senator Bernie Sanders noted this weekend: “Let's be clear. The failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by Donald Trump that I strongly opposed. Five years ago, the Republican Director of the Congressional Budget Office released a report finding that this legislation would increase the likelihood that a large financial firm with assets of between $100 billion and $250 billion would fail.”'

As usual there's a lot of good history in this Hartmann Report. Read on...
March 13, 2023

What Janet Yellen Did & Didn't Do To Bail Out Silicon Valley Bank (my words)


Letters from an American: Heather Cox Richardson

'Secretary Yellen has signed off on measures to enable the FDIC to fully protect everyone who had money in Silicon Valley Bank, Santa Clara, California, and Signature Bank, New York. They will have access to all of their money starting Monday, March 13. None of the losses associated with this resolution, the statement said, “will be borne by the taxpayer.”

But, it continued, “Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”...The statement ended by assuring Americans that “the U.S. banking system remains resilient and on a solid foundation...'
March 13, 2023

Michael Cohen thinks Jared Kushner has flipped on Trump


This makes sense to me, especially since Ivanka's mother has died.
March 13, 2023

Michael Cohen thinks Jared Kushner has flipped on Trump


This makes sense to me, especially since Ivanka's mother has died.
March 12, 2023

I didn't know Fox had sunk this low...


‘Lachlan’s in the mire’: Fox News case spells trouble for Murdoch heir

'In November 2018 Lachlan Murdoch, the eldest son of... Rupert Murdoch, made a rare public appearance at a New York Times DealBook conference...A few days before Lachlan took the stage, a gunman opened fire at the Tree of Life synagogue in Pittsburgh, killing 11 Jewish worshippers...Before the attack the alleged shooter had repeated on social media a number of Fox News talking points... He had also posted a Fox News report that showed a truck stamped with the Star of David carrying asylum seekers to the US border.

On stage, DealBook’s Andrew Ross Sorkin, asked Murdoch what he thought about the many false flags and conspiracy theories that Fox News routinely trafficked. “When you see that stuff, are you proud?”...Murdoch...tried to characterize the material as opinion broadcast separately from the network’s news reporting. But he did say this: “All news organisations, when they get something wrong they have an absolute responsibility to correct it and to apologise for it.”

Five years on from that rare expression of public accountability, Murdoch, 51, might wish he had taken his own advice. He now finds himself deeply embroiled in the latest scandal to engulf his father’s media empire, one that threatens to destabilise the Fox News vessel and with it the well-laid plans for his own succession.'

March 11, 2023

Fox News faces potential 'financial death penalty' due to Dominion lawsuit


We can hope, people, we can hope. (my words)

'In a column for MSNBC, former prosecutor and current host of her own show, Katie Phang, claimed the network is looking at a "financial death penalty" because there is no cap on punitive damages...The legal expert noted that "Fox is now trapped in an ever-worsening spiral of lies of its own creation. Time and time again, Fox allegedly trafficked in lies and falsehoods."

According to Phang, "Dominion doesn’t just have the upper hand, it has the truth on its side. If Dominion is successful, then all that would be left to determine is the amount of damages that Dominion is entitled to receive. That’s where the numbers become astronomical.'
March 11, 2023

Looks like Trump's "Time in the Barrel" is coming...


Michael Cohen to testify Monday in Trump hush-money probe

NEW YORK (AP) — Donald Trump’s former lawyer and fixer Michael Cohen is scheduled to testify Monday before a Manhattan grand jury investigating hush-money payments made on the former president’s behalf...Cohen has been meeting regularly with Manhattan prosecutors in recent weeks, including a day-long session Friday to prepare for his appearance before the grand jury, which has been hearing evidence in the matter since January.

Cohen declined to comment to reporters as he left the meeting, saying he’d be “taking a little bit of time now to stay silent and allow the D.A. build their case.”
March 11, 2023

This is a good article about what the hell happened at Silicon Valley Bank...


One of Silicon Valley’s top banks fails; assets are seized

'NEW YORK (AP) — Regulators rushed Friday to seize the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago....Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the bank’s health. It was the second biggest bank failure in U.S. history after the collapse of Washington Mutual in 2008.

Internet TV provider Roku was among casualties of the bank collapse. It said in a regulatory filing Friday that about 26% of its cash — $487 million — was deposited at Silicon Valley Bank. Roku said its deposits with SVB were largely uninsured and it didn’t know “to what extent” it would be able to recover them.

As the Fed raises its benchmark interest rate, the value of generally stable bonds starts to fall. That is not typically a problem, but when depositors grow anxious and begin withdrawing their money, banks sometimes have to sell those bonds before they mature to cover the exodus...That is exactly what happened to Silicon Valley Bank, which had to sell $21 billion in highly liquid assets to cover the sudden withdrawals. It took a $1.8 billion loss on that sale.
March 10, 2023

It's Dark in Trumpland today. But Is It Stormy? Jay Kuo


'Is it really going to happen this time?..So...an indictment is more than 95 percent likely...Is Bragg serious this time?..Bragg, who had a very rocky start to his new job...Nonetheless, by this move, it looks like Bragg has made up his mind to proceed...Why this case feels like a warm-up band?...In my view, Bragg is best understood as the opening act to a far more spectacular show..

With respect to those headliners, Trump is facing legal jeopardy from “imminent” charges for election interference from the District Attorney in Fulton County, Georgia, Fani Willis. Trump is also facing more dangerous possible charges from Special Counsel Jack Smith in D.C. on a range of crimes including obstruction, mishandling of classified material, conspiracy to defraud the United States, conspiracy to obstruct and actual obstruction of Congress, wire fraud, espionage, and even possibly incitement of insurrection and seditious conspiracy.

If and when one or more indictments issue from Bragg’s grand jury, the best response is to understand that these are likely the first of many, but the doors of the hall are now open, and the music has begun to play.'

Profile Information

Name: Jo
Gender: Female
Hometown: Northeast
Home country: United States
Member since: Sat Jun 15, 2019, 11:56 PM
Number of posts: 15,278

About Joinfortmill

self published fiction writer
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