Justices keep student loan cancellation blocked for now (sorry, deadbeat special snowflakes, but looks like you need to cover your OWN financial obligations – but Brandon thanks you for your vote!)

The Supreme Court on Thursday said it would keep the block on President Biden’s $400 billion student loan forgiveness program until it takes up the case in February. The court’s decision to hear arguments relatively quickly means it is likely …

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Pelosi has sold another 20,000 shares of Visa, totaling ~$4M Back in 2008, Visa offered her husband a “VIP cut of the IPO” at $11/share. Since then, $V is up ~1900%

Trading History: Bought pre IPO – 80K shares @ $11/shareBought 3/25/08 – 40K shares @ $16/shareBought 6/4/09 – 20K shares @ $21.50/shareSold 5/8/20 – ~$1M @ $185/shareSold 6/21/22 – ~$3M @ $194/shareSold 11/8/22 – ~$3M @ $201/share *all post stock …

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Federal Reserve Alert! Vice Chair for Supervision Michael S. Barr in speech: “We are currently evaluating whether the supervisory stress test that is used to set capital requirements for large banks reflects an appropriately wide range of risks.”

Source: https://www.federalreserve.gov/newsevents/speech/barr20221201a.htm In my first speech as Vice Chair for Supervision in September, I said that the Federal Reserve Board would soon engage in a holistic review of capital standards. My argument, then and now, is that our review of regulatory …

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“Baal-enci-aga” Literally Means “Baal The King”

by Michael This rabbit hole just keeps on getting even deeper.  Earlier today, I was contacted by two individuals that had heard about another twist on the Balenciaga controversy.  As I detailed earlier this week, extremely disturbing Balenciaga photographs that prominently …

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