Category: Treasury
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In Bessent’s Words…
Bottom line: rate cuts, banking deregulations, or any kind of stimulus package are not coming anytime soon Bessent’s interview with Tucker Carlson reaffirmed a lot of views that many of us already held—but I think it’s worth highlighting a few key points that are particularly relevant. First, they’re 100% serious about addressing the wealth imbalance.…
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America’s Biggest Mistake?
An interesting take from the the All in Podcast’s Sultan of Science. Personally, I wonder why the government and people are not happy with the loads of taxes they collect? What is wrong with passing a balanced budget amendment?
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Lehman Bros
Wall Street during the early 2000s, with a focus on Lehman Brothers, one of the oldest and most aggressive investment banks. The mortgage industry saw significant growth due to securitization and government encouragement of homeownership, leading to the bundling and selling of mortgage contracts to institutional buyers worldwide. Lehman’s executives, such as Anthony Fry and…
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Bank of America Losses
131.6 Billion. Ouch
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Fake News 2