Congress PASSES $28 million in emergency funding for baby formula shortage as Republicans slam White House ‘ineptitude’ and parents tear into Biden for taking too long to invoke the Defense Production Act during the nationwide crisis

The House passed two bills to address the nationwide crisis late Wednesday The first, passed  414-9, will allow low-income women to purchase more formula $28million emergency funding package was approved on a 231-192 vote Votes came hours after President Biden invoked the …

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5th Circuit Court finds SEC operates unconstitutionally

by hocuspotusco https://www.reuters.com/legal/government/sec-in-house-judges-violate-right-jury-trial-appeals-court-rules-2022-05-18/ The 5th Circuit basically said the SEC is unconstitutional in the way the operate the way they enforce securities law without giving defendants the right to a jury trial. They just dismantled the SEC’s power to enforce …

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Strongest economic recovery ever!

by masterjedi78 2007 flashbacks: ‘More Subprime Borrowers Are Missing Loan Payments’ – WSJ Delinquencies on subprime car loans & leases hit an ALL TIME high in February https://t.co/NKEPMb6B7g — Spencer Jakab (@Spencerjakab) May 19, 2022 Philly Fed just imploded. Here …

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Asking rents reach record high in April, some areas see 30% surge in prices… The cost of groceries keep going higher…

by Boo_Randy Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, and Jerome Powell. Your ultra-easy monetary policies have turned shelter, a basic human need, into a speculative asset class & priced millions of lower-income people out of decent housing. https://www.foxbusiness.com/lifestyle/asking-rents-april-2022-austin-portland-south-florida …

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Is the next Great Muppet Reaping at hand?

by Boo_Randy Ever since 1999 and the tech bubble implosion, Fed-engineered boom/bust cycles have been the most efficacious means for the Wall Street-Federal Reserve Looting Syndicate to transfer the wealth and assets of the increasingly pauperized middle and working classes, i.e. …

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