SEC Chair Gary Gensler: “Many hedge funds are receiving the vast majority of their repo financing in the non-centrally cleared market, where haircuts or initial margin requirements are not necessarily applied. This might create greater risk in times of stress”

by Dismal-Jellyfish The Next “Century of Progress”: Remarks before the International Swaps and Derivatives Association Annual Meeting https://www.sec.gov/news/speech/gensler-remarks-isda-051023 Highlights: “Broadly speaking, our proposal would require clearinghouses to ensure that their members bring in all of their repo transactions, both sides …

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SEC Chair Gary Gensler: “While the SEC oversees more than 7,000 public company issuers, there are around 50,000 municipal securities issuers. Strikingly, there are approximately one million different outstanding municipal securities—more than 30 times the number of outstanding corporate bonds.”

by Dismal-Jellyfish Remarks before the Municipal Securities Disclosure Conference https://www.sec.gov/news/speech/gensler-remarks-municipal-securities-disclosure-conference-051023 Highlights: “Based on these authorities, in 1989 the Commission adopted—and as recently as in 2018 amended—Rule 15c2-12.” “The rule ensures that those acting as underwriters of municipal securities confirm that …

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BOOM! Oversight Chair James Comer: “IT’S AS BAD AS WE THOUGHT – We Have In Hand Documents That Show Biden Family Was Getting Money from Chinese Communist Party”

House Oversight Chairman James Comer (R-KY) joined Maria Bartiromo on Sunday Morning Futures this morning. This was an explosive interview.  Comer dropped several bombs on the Biden Crime Family.  According to Comer the House Oversight Committee is working with four individuals with …

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NTSB Chair Jennifer Homendy Claims Those Claiming Trump is Somehow Connected to Ohio Toxic Train Derailment Are Lying / Spreading Misinformation

THREAD on East Palestine derailment: First, a message to the community…then a plea to those spreading misinformation. — Jennifer Homendy (@JenniferHomendy) February 17, 2023 Some are saying the ECP (electronically controlled pneumatic) brake rule, if implemented, would’ve prevented this derailment. …

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NTSB Chair Jennifer Homendy: The Derailed Toxic Ohio Train Was Categorized As *NOT* Being “HIGH HAZARD FLAMMABLE” By Using a Loophole

The ECP braking rule would’ve applied ONLY to HIGH HAZARD FLAMMABLE TRAINS. The train that derailed in East Palestine was a MIXED FREIGHT TRAIN containing only 3 placarded Class 3 flammable liquids cars. pic.twitter.com/ReAFDSdsn7 — Jennifer Homendy (@JenniferHomendy) February 17, …

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House Financial Services Chair Waters doesn’t plan to subpoena Sam Bankman-Fried to testify at hearing on FTX collapse. Can it get any more obvious that the globalist criminals completely control the government.

House Financial Services Committee Chair Maxine Waters told the panel’s Democrats she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a Dec. 13 hearing about the crypto exchange’s rapid demise, according to people with direct knowledge …

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Here is Maxine Waters, Chair of the House Committee on Financial Services, blowing a kiss to Sam Bankman Fried. And she’ll also be presiding over his testimony in front of Congress…

At a previous Congressional hearing last year, Rep. Maxine Waters blew Sam Bankman-Fried a kiss. SBF is now set to appear before her next month to answer questions about FTX. pic.twitter.com/XqiV0t7oDm — Ian Miles Cheong (@ianmiles) November 17, 2022 Absolutely …

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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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Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming

https://www.cnbc.com/2022/03/02/fed-chair-powell-notes-highly-uncertain-ukraine-impact-but-says-rate-hikes-are-still-coming.html Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. In remarks prepared for dual appearances this week before House and Senate committees in Congress, …

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