Recent crash of cryptocurrency exchange FTX, one of biggest financial frauds in US history, illustrate the threat posed by such instruments. Cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Crypto currencies run on a distributed public ledger called blockchain, a record ...
Sweeney has been with the Dallas Fed for the past 36 years. She doubles as the Dallas Fed’s Ethics Officer and put her signature to former Dallas Fed President Robert Kaplan’s outrageous financial disclosure forms, year after year. Th...
There are two striking aspects to this story. First, no mainstream media outlet will go near the story. The same media outlets that battled the Fed in court for more than two years to name the Wall Street firms and how much they borrowed...
including the Justice Department, Treasury’s Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Asset Controls (OFAC) and the Commodity Futures Trading Commission. Treasury described the Binance settlement as its largest enforcement in history. ...
December 2016: The Big Nikola One Reveal —“This Truck is By Far the Most State of The Art Truck Ever Built in History…This Thing Fully Functions and Works…This is a Real Truck—This is Not a Pusher” Reality: It Was Not A Real Truck And Was, In Fact, A Pusher ...
Recent crash of cryptocurrency exchange FTX, one of biggest financial frauds in US history, illustrate the threat posed by suchinstruments. Cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Cryptocurrencies run on a distributed public ledger called blockchain, a record of ...
“During the financial crisis, Congress bailed out the big banks with hundreds of billions of dollars in taxpayer money; and that’s a lot of money. But the biggest money for the biggest banks was never voted on by Congress. Instead, between 2007 and ...
Initial public offering of $2.375 billion by Ally Financial. All three of the above IPOs occurred in 2014 – less than three years ago. A quick check of the prospectuses for the IPOs that were filed with the Securities and Exchange Commission shows that Clayton, as a l...
Dodd-Frank contemplates a resolution procedure likely to put the derivatives players in about the same position as the Code puts them: there is an automatic stay of sorts in Dodd-Frank for financially central firms—but only for one business day. During that business day, the fin...