Saturday, September 26, 2020

Shhh! Don’t Tell the Fed these Wall Street Banks Have Tanked 34 to 48 Percent Year-to-Date. (The Fed Thinks They’re a “Source of Strength”)

by Pam Martens and Russ Martens, Wall St On Parade:

Federal Reserve Chairman Jerome Powell’s oft repeated mantra this year – that the behemoth Wall Street banks “are a source of strength” in this economic crisis – is melting away faster than a snow cone in July, along with the share prices of these banks. So whom should Americans believe: The composite wisdom of the market or the opinion of a federal regulator whose supervision of these banks has been far from stellar.

The market would seem to have spoken clearly on just how “strong” these banks are. Since the first trading day of the year, January 2, to yesterday’s closing price, here’s the factual reality of just how much common equity capital these banks have bled: Citigroup is down a stunning 48 percent, losing almost half of its common equity capital; Bank of America has lost 35 percent; while JPMorgan Chase, the bank that has perpetually bragged about its “fortress balance sheet,” is down 34 percent year-to-date. And the U.S. is only seven months into what could become a prolonged economic downturn.

BREAKING: Rand Paul Announces That He Is Sending Hunter Biden Report to DOJ for Criminal Referral

from Trending Politics:

On Wednesday during an interview on Fox News, Republican Senator Rand Paul announced that he would be requesting a criminal referral from the Department of Justice against former Vice President Joe Biden’s son, Hunter Biden.

Paul said, “I think riding on Air Force Two and doing business is illegal. I think that is against the law, and probably a felony. I think it’s illegal to take money from a Russian politician’s wife, $3.5 million. Was it reported accurately? I think the only way to determine the actual legality of this is to have it referred to the Department of Justice. So, I’m going to send the report over. I don’t know if the whole committee will vote for it, but I’m sending the report, tomorrow, to the Department of Justice, and we’re asking for a criminal referral.”

House Democrats Shoot to Remake the Supreme Court

by Tyler O’Neil, PJ Media:

House Democrats, desperate to weaken the impact of President Donald Trump’s appointment to replace the late Supreme Court Justice Ruth Bader Ginsburg, are crafting a bill to remake the Supreme Court, limiting justices’ tenures to 18 years. While the measure avoids the more radical strategy of packing the Court by adding new justices, it would still change the way the Supreme Court operates.

Mueller Team Joked About Wiping Phones; FBI Agent On Probe Complained Of “Get Trump” Mentality

from ZeroHedge:

Update (1405ET): Another nugget revealed in the Flynn filing is that agents who worked on Mueller’s team joked about wiping their cell phones.

Thanks to Judge Emmet Sullivan refusing the DOJ’s request to drop the Michael Flynn case, a cache of explosive documents has now been released to the public revealing that at least one FBI agent on Special Counsel Robert Mueller’s team thought the case was a politically motivated “dead end,” and others bought professional liability insurance as their bosses were continuing the investigation based on “conspiracy theories.

FBI Agent Who Led Flynn Probe Said Mueller’s Team Had A ‘Get Trump’ Attitude

by Chuck Ross, The Daily Caller:

  • A government memo released Thursday shows that the FBI special agent who oversaw the investigation of Michael Flynn harbored doubts about the basis for the probe. 
  • William Barnett also criticized the special counsel’s investigation, which he said was set up to “get Trump.” 
  • Barnett was interviewed last week by a U.S. attorney who is reviewing the FBI’s investigation of Flynn. 
  • Barnett told the prosecutor that he “did not understand the point” of the investigation of Flynn. He also said that he did not believe that the Trump campaign colluded with Russia. 

Hunter Biden Received Millions From Wife Of Ex-Moscow Mayor, Paid Suspects Allegedly Tied To Trafficking, Had Contacts With Individuals Linked To Chinese Military

from True Pundit:

A bombshell report from the Senate Committee on Homeland Security and Governmental Affairs (HSGAC) and the Committee on Finance makes a series of damning new allegations against Hunter Biden, the son of Democrat presidential nominee.

The investigation launched after Finance Committee Chairman Charles Grassley (R-IA) publicly raised conflict-of-interest concerns about the sale of a U.S. company to a Chinese firm with ties to Hunter Biden a month before Congress was notified about a whistleblower complaint that was the catalyst for Democrats’ impeachment of President Donald Trump. The Senate’s investigation relied on records from the U.S. government, Democrat lobbying groups, and interviews of numerous current and former officials.

CORRUPT: Hunter Biden Received $3.5 Million From Moscow Mayor’s Wife, Made Payments to Human Trafficking Suspects

by Shane Trejo, Big League Politics:

Shocking conflict of interest.

A new report from the United States Senate’s Committee on Homeland Security and Governmental Affairs (HSGAC) and the Committee on Finance details a series of highly suspicious financial dealings of Hunter Biden, the younger son of Joe Biden. The younger Biden has already become an albatross for his father’s campaign on account of his sketchy business dealings in Ukraine, in which he received millions from an oligarch-controlled oil company to serve on the board despite having no experience in the energy industry.

Second AstraZeneca Trial Participant Develops Rare Neurological Condition Following COVID-19 Vaccination

from Humans Are Free:

It has come to our attention that a second participant in AstraZeneca’s Wuhan coronavirus (COVID-19) vaccine trials has come down with a serious neurological condition that the company claims is not at all related to the volunteer getting vaccinated.

Just like the first participant, who we reported developed severe spinal inflammation, this second one also manifested the exact same disease, which AstraZeneca claims is “rare” and unrelated to its clinical trials.