OPEN for comment! ICE Clear Europe’s New Game Plan: Futures and Options Default Management Policy ‘2.0’. The new policy would clarify and enhance certain practices relating to hedging strategy following a default and set out the key factors to consider in declaring and managing an Event of Default.

by Dismal-Jellyfish https://public-inspection.federalregister.gov/2023-09207.pdf Purpose: ICE Clear Europe is proposing to adopt a new Futures and Options Default Management Policy, which would address procedures and requirements for the Clearing House’s management of an Event of Default with respect to an F&O …

READ MORE

Sen. Rick Scott: “The Federal Reserve has become a monster.” “It’s clear that we need answers and accountability that cannot be provided by the current system.” “We can’t wait any longer for big change at the Fed.” “If we do nothing, we risk repeating 2008.”

by Dismal-Jellyfish Source: https://www.marketwatch.com/story/sen-rick-scott-the-fed-isnt-owning-up-to-its-failures-we-need-to-make-it-accountable-19d3697c The Federal Reserve has become a monster. The Fed is the world’s largest and most powerful central bank. It spent years buying up trillions in government bonds, mortgage securities, and other financial instruments. Altogether, its assets add up to …

READ MORE

JONATHAN TURLEY: “It is not clear what is more chilling: the menacing role played by the Federal Bureau of Investigation (FBI) in Twitter’s censorship program or its mendacious response to the disclosure of that role.”

It is not clear what is more chilling: the menacing role played by the Federal Bureau of Investigation (FBI) in Twitter’s censorship program or its mendacious response to the disclosure of that role. This week saw another FBI “nothing-to-see-here” statement to the …

READ MORE