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“My Eyes Popped Out Of My Head”: Ohio Woman Receives $284 Billion Electric Bill

The ‘Nightmare Before Christmas’ has nothing on this. Due to a processing error made by her local power company, one Ohio woman discovered earlier this month – to her abject horror – that she owed Penelec, her power provider, $284 billion, a figure that’s larger than the combined national debts of Hungary and South Africa. […]


CFPB Reportedly Funneled Billions Into “Secret Democrat Slush Fund”, Consultant Claims

A consultant who worked with the highly politicized Consumer Financial Protection Bureau (CFPB) claims the organization funneled a large portion of over $5 billion in collected penalties to "community organizers aligned with Democrats" as part of a giant slush fund, the Post reports.  [The CFPB] Funneled a large portion of the more than $5 billion in […]


SEC Wins Injunction Against ICO Organized By Financial Fraudster

The Securities and Exchange Commission is stepping up its long-overdue crackdown on shady initial coin offerings that are churning out suckers at a record clip with one simple promise: Invest in our coin and you, too, can receive an astronomical IRR just like your savvy cousin who bought a handful of bitcoins back in 2011 […]


Trump Wins: Judge Denies Obama Holdover’s Suit Against Mulvaney Running CFPB

In a somewhat unsurprising decision, President Trump won a legal fight over who gets to run the Consumer Financial Protection Bureau (at least for now). As Bloomberg reports, Trump's budget director Mick Mulvaney can remain as temporary head of the agency, a federal judge ruled in rejecting a request to block the move fromLeandra English, who was named […]


Trump Pick Wins Over CFPB Staffers With Coffee And Donuts

The legal battle for control of the Consumer Financial Protection Bureau began in earnest Monday morning as Leandra English and Mick Mulvaney – Trump’s OMB director and his pick to lead the CFPD until a new director can be confirmed – have both asserted authority over the agency’s staff, something that is bound to create […]


In Growing War Over CFPB Leadership, Chief Counsel Says Trump Has Authority To Appoint Director

It’s been two days since former CFPB Director Richard Cordray resigned his post and named Deputy Director Leandra English as his successor, setting the agency up for what looks to be a brief but noisy legal dogfight. As was widely expected, English, who had formerly been Cordray’s chief of staff before he named her deputy […]


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

It’s often said in financial markets that correlation does not mean causation. On some occasions, however, denying the causation seems so outlandish to be, frankly, preposterous. As a case in point, Institutional Investor (II) discovered a newly published academic work investigating the investment returns of SEC employees. It turns out those guys are surprisingly good. […]


Krieger Rages “‘America First’ Is A Joke. Wall Street Wins Again”

Authored by Mike Krieger via Liberty Blitzkrieg blog, I know I must sound like a broken record by now, but 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. […]


SEC Admits US Public Filing System Was Hacked, “May Have Resulted” In Countless Illegal Profits

Over two years ago, on an otherwise uneventful Thursday in May 2015, shares of Avon Products suddenly jumped 20% leaving investors stunned. The catalyst was quickly discovered: a filing recently uploaded to Edgar, the SEC’s public filings database and purportedly from London-based “PTG Capital”, claimed that the "private-equity" firm was bidding to take Avon private. […]


September 21, 2017, Uncategorized