Securities and Exchange Commission

Federal Prosecutors Are Running Amok

"...when former FBI chief Robert Mueller first was appointed as a special prosecutor to look into the allegations that the Trump campaign conspired with Russia the tilt the election to Trump’s favor, I feared his investigation would turn out to be an assault on the Constitution – and Mueller has done nothing to dispel those fears."

Icahn Subpoenaed Over Biofuel Policy, RINS Tumble

The Attorney’s office for the Southern District of New York is “seeking production of information” pertaining to Icahn’s activities regarding the Renewable Fuel Standard...

Paradise Papers: Massive New Leak Exposes Tax-Haven Secrets, Links Wilbur Ross To Russia

A huge new leak of offshore tax-haven documents dubbed the "Paradise Papers", reveals again how the ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens. They also reveal that Trump's commerce secretary, Wilbur Ross, is shown to have a stake in a firm dealing with Russians sanctioned by the US.

Insider Trading Inc: Beat The Market, Work For The SEC

Employees at the U.S. Securities and Exchange Commission earn investment returns similar to the insider traders they prosecute, according to new research from Columbia University and Arizona State University.

Frontrunning: November 2

  • What We Know About the GOP Tax Bill Ahead of Today’s Rollout (BBG)
  • How the GOP Tax Plan Would Affect Trump, Clinton Voters Differently (WSJ)
  • Powell for Federal Reserve chair could support stocks bull market (Reuters)
  • The New Fed Chair Will Watch an Economy Fraught With Risks (BBG)
  • Trump calls for death penalty for Uzbek man (Reuters)

Crypto Mania - Why "It Is Currently Rational To Be Irrational"

"It’s easy to believe cryptocurrencies have no inherent value. Or that governments will crush them. It’s also becoming fashionable to believe the opposite: that they will disrupt banks, governments, and Silicon Valley giants once and for all. Neither extreme is true. The reality is nuanced and important.."

Bitcoin, Blockchain, And Bank Of America

"The growing pile of public debt in the US is why price stability will never be part of the mix... and is why dollar-alternatives like bitcoin, imperfect and even fraudulent as they may be, will continue to capture the attention of those seeking to escape the economic tyranny of fiat paper money..."

Krieger Rages "'America First' Is A Joke. Wall Street Wins Again"

"Wall Street owns the U.S. economy and until that’s dealt with, the American public will continue to be preyed upon voraciously and lawlessly by some of the most unethical parasites the world has ever seen. Obama was a historical disaster on this issue, coddling and protecting banker oligarchs every step of the way. Trump’s no different..."

Frontrunning: October 19

  • Rajoy Deploys Ultimate Weapon of Law on Catalonia (BBG)
  • Congress Rolls Toward Shutdown Fight Over Immigration, Obamacare (BBG)
  • Hong Kong Stocks Tumble Most This Year as Geely, Developers Sink (BBG)
  • Inside battle imperils $230 million cryptocurrency deal (Reuters)
  • From Damascus, Iran vows to confront Israel (Reuters)

Bitcoin Tumbles Most In A Month On CFTC ICO Anxiety, South Korea Tax Concerns

After soaring to new record highs near $6000 last week (as China returned to work following its Golden Week holiday), the start of the National Congress last night, combined with CFTC comments on ICO crackdowns has spooked cryptocurrencies with Bitcoin down 8% - its biggest drop in a month..