Devin Nunes Explains His $250 Billion Lawsuit Against Twitter…
by sundance HPSCI ranking member Devin Nunes appears on Fox News with Sean Hannity to discuss the lawsuit he filed today against Twitter and some users.
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Steinhoff Committed $7.4 Billion in Fraud (at least). Here’s How
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It’s not often that we get to see the details of how companies commit $7.4 billion worth of fraud. Steinhoff International Holdings, a former empire of retailers and other companies in Europe, Africa, Australasia, and the …
$12 Billion Defamation Suit Hits Major Media Outlets
via mediaite: Failed Republican Senate candidate Don Blankenship filed a massive defamation lawsuit on Thursday against dozens of news outlets and media personalities for referring to him as a “felon” during his 2018 run in the West Virginia primary. While Blankenship, the former …
Free Fannie? Free Freddie? Those Are the $200 Billion Mortgage-Backer Questions
by confoundedinterest The Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie were placed into conservatorship with their regulator back in 2008 after housing prices declined and mortgage defaults spiked. But since the catastrophic year of 2008, Fannie Mae (as an example) …
Boeing’s 737 Max Problems Put $600 Billion in Orders at Risk
https://www.bloomberg.com/news/articles/2019-03-14/boeing-s-600-billion-in-max-orders-at-risk-as-airlines-retreat VietJet, Kenya Airways reviewing plans to take 737 Max model Lion Air is said to be mulling defection to rival Airbus A320
US Banks Report $251 billion of “Unrealized Losses” on Securities Investments in 2018, the Most Since 2008: FDIC
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And other juicy banking nuggets. Net income in Q4 2018 among all 5,406 FDIC-insured banks and thrifts more than doubled year-over-year to $59 billion, due to “higher net operating revenue” and “lower income tax expenses”; and …
China Gold Reserves Rise To 60.26 Million Ounces Worth Just $79.5 Billion
by GoldCore China increased its gold reserves for a third straight month in February, data from the People’s Bank of China (PBOC) showed this morning. The value of China’s gold reserves rose slightly to $79.498 billion in February from $79.319 …
Pentagon awards Lockheed Martin nearly $1 billion for Saudi missile system deal
Lockheed Martin has been given a billion dollar contract to provide THAAD missile systems for Saudi Arabia. This decision to continue to give the Saudis arms comes at a time when Congress is mulling implementing their own sanctions against SA …
Trump’s Wall: $25 Billion. Illegal Aliens: $165 Billion. DO THE MATH
by Spencer P Morrison, NEE Please subscribe on my new YouTube channel. Don’t forget to support me on Patreon & follow me on Twitter. This channel & website are reader-funded. From Do the Math: Walls work. Everyone knows this. It’s why we build them around prisons, …
The Next LTCM? $8 Billion Hedge Fund Is Using 10x Leverage
via Zerohedge: According to some, America’s bailout culture started long before the 2008 global financial crisis, with Wall Street’s bailout of Long-Term Capital Management, an iconic hedge fund whose employee roster included a “who is who” of Nobel prize winners …
BOOM! Trump Just Saved Taxpayers $150 BILLION With Brand New Welfare Rule
I love My Freedom Reports, The Trump Administration has unveiled a new welfare rule that will save American taxpayers an estimated $150 billion. https://www.youtube.com/watch?v=hLpsPVSkd94 Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/trump-unve…
Personal loans surge to a record $138 billion in US as fintechs lead new lending charge
https://www.cnbc.com/2019/02/21/personal-loans-surge-to-a-record-138-billion-in-us-as-fintechs-lead-new-lending-charge.html Total outstanding U.S. consumer loans hit a new record last year, driven by digital-first lending options. Financial technology, or fintech, companies now make up 38 percent of the personal loan market — up from just 5 percent five years …
Bloomberg: U.S. Student Debt in ‘Serious Delinquency’ Tops $166 Billion
https://www.bloomberg.com/news/articles/2019-02-16/u-s-student-debt-in-serious-delinquency-tops-166-billion?srnd=premium Student-loan delinquencies surged last year, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth. The total in arrears is about twice the amount the U.S. Treasury provided to bail out the auto …
AMAZON PAYS NO FEDERAL TAXES; $11 BILLION IN PROFIT; $100 MILLION REBATE!
Amazon paid no federal taxes on $11.2 billion in profits last year, according to group’s analysis Amazon, the e-commerce giant helmed by the world’s richest man, paid no federal taxes on profit of $11.2 billion last year, according to an …
Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO (REUTERS)
SAN FRANCISCO (Reuters) – Uber Technologies Inc had $50 billion (39 billion pounds) in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo …
Trump Says He Has Around 8 Billion Dollars For New Wall
https://www.youtube.com/watch?v=EyHs3aIr2ro Trump Says He Has Around 8 Billion Dollars For New Wall President Trump national emergency declared over the wall and signed today this is president trump press conference and national emergency trump and national emergency president trump and trump …
Nestle set to sell first Starbucks coffee under $7.15 billion deal (Reuters)
VEVEY, Switzerland (Reuters) – Nestle will sell Starbucks-branded coffee at grocery stores and online in Europe, Asia and Latin America from this month as it seeks to increase its lead over rivals such as JAB. More: https://uk.reuters.com/article/us-nestle-starbucks/nestle-set-to-sell-first-starbucks-coffee-under-7-15-billion-deal-idUKKCN1Q21YU
Americans will spend over $19 BILLION on stuff they dont need :HAPPY VALENTINES DAY
by great-grandfather not just an american problem…. but that was the only stat i had ….. the true history of valentines day …. dam i just made a reservation to take my wife out…….. https://youtu.be/gvOE_bYT8uk It turns out, nobody really, truly …
Reddit raised $300 million at a $3 billion valuation — now it’s ready to take on Facebook and Google
Reddit CEO: We’ve had a lot of investor attention in the last year from CNBC. Reddit raises $300 million at a $3 billion valuation. Investors include Tencent, Sequoia, Fidelity and Andreessen Horowitz. CEO Steve Huffman says the company will use …
BUDGET DEAL ‘REACHED’… $1.375 billion to build 55 miles of new border barriers
Negotiators reach deal ‘in principle’ to avert shutdown The agreement represents a remarkable turnaround within 24 hours. Congressional negotiators announced an “agreement in principle” Monday night on a broad spending bill they hope will satisfy President Donald Trump’s demands for …
Goin’ Down! Fed Continues Balance Sheet Shrinking Of $14.2 Billion
by confoundedinterest As Bruce Springsteen famously mumbled, The Fed’s Balance Sheet is “Goin’ Down.” As of Feburary 6, 2016, The Federal Reserve of New York further shrank The Fed’s Balance Sheet by $14.2 billion. This week it was $11.665 billion of US …
N3: HUGE TRUMP VICTORY! LOOK Who Is About To Inject $10 BILLION Into America!
This is big. For all that have been watching the US has become the largest energy producer in the world. It also means that Exxon Mobil does not foresee the Democrats reversing the Trump tax cuts. The pursuit of LNG …
The Student Debt Albatross: NY Millennials Owe $90 Billion, 50% Work In Restaurants To Pay
….nearly one in two millennials in New York are now reportedly tending bar or waiting tables to help pay off their student loan debt, as well. A new analysis shows that thousands of borrowers work as bartenders and waiters while paying down their student …
Fed’s QE Unwind Reaches $434 Billion, Remains on “Autopilot”
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Getting rid of MBS faster and shifting to short-term Treasury bills will be on the list. The Fed shed $32 billion in assets in January, according to the Fed’s balance sheet for the week ended February …
Judge Approves $5.2 Billion Plan To Keep Sears & Kmart Open
NEW YORK (AP) – Sears and Kmart live another day as judge approves $5.2 billion plan to keep stores open. — WSIL News (@WSILNews) February 7, 2019
New York income tax drops by $2.3 Billion. YOU DON’T SAY!
Gov. Andrew Cuomo announced Monday that state income tax revenues plummeted by $2.3 billion since he introduced his new budget plan last month— a bombshell that will force him to curb spending. Cuomo attributed the revenue drop in December and January …
Woodbridge Group Ponzi Scheme Comes to a $1 Billion End
From Birch Gold Group The long and convoluted tale of Woodbridge Group, a real estate conglomerate of more than 100 companies, has finally reached a climactic ending. What may have looked like a promising investment venue just a few years ago …
GE To Pay $1.5 Billion To Settle Justice Investigation Of High-Risk Mortgages
James Langford for the Washington Examiner reports, General Electric has agreed to pay $1.5 billion to settle a Justice Department investigation of high-risk mortgages handled by its lending business before the 2008 financial crisis. https://www.youtube.com/watch?v=xbqREqf-ye4 Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/bu…
Bankrupt PG&E asks BK Court to end $42 Billion in UNPROFITABLE Green Energy Contracts!
Pacific Gas and Electric (PG&E) may shed more than $40 billion worth of power purchase agreements after the California utility was driven into bankruptcy by liabilities for sparking deadly wildfires, The Wall Street Journal reports. PG&E wants the U.S. Bankruptcy Court in …
Thanks, Fed! Top Banks Pay-Out $152 Billion In Buybacks And Dividends During 2018, But Reinvest Only 1.6% Of Profits
via CNBC: Twenty-one of the nation’s largest banks spent $152 billion on buybacks and dividends in the most recent year, analyst Dick Bove says. The money went mostly to people who wanted nothing to do with their banks (sold their …