Reuters has published an article calling for one of the Silicon Valley kings, Peter Thiel, to target and silence Infowars.
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Alex Jones breaks down the false narrative being pushed by democrats who claim President Trump’s ‘Right To Try’ Act is somehow racist and treats terminally ill people as if they were guinea pigs.
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Did you know Valerie Jarrett is also Jewish? Roseanne can make fun of Jewish people because Roseanne is Jewish.
Valerie’s father is African American and her mother is one fourth African American; One of her great-grandfathers was Jewish. pic.twitter.com/iDiczyfjTJ
It was already a terrible week for Germany’s largest bank, when the Italian turmoil sent its stock price below €10 for the first time since the bank’s existential crisis in the fall of 2016, and it just got worse this morning, following reports that the Federal Reserve has designated Deutsche Bank U.S. operations to be “troubled condition” which the WSJ said was a rare censure for a major financial institution and is being reflected in its price this morning, which is now down over 5%, at €9.35, and rapidly approaching the all time low of €8.834 hit in September 2016 when speculation was rife that Germany would bail out Europe’s largest lender.
As the WSJ reports, the Fed’s downgrade took place “secretly” about a year ago, and hasn’t been previously made public until today.
The “troubled condition” status—one of the lowest designations employed by the Fed—has influenced moves by the bank to reduce risk-taking in areas like trading and lending to customers.
Some additional details on the Fed’s secret rating system known as “CAMELS”
The U.S. system for rating banks is called “CAMELS,” which stands for capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk. A bank’s topline rating, from 1 to 5, takes into account all those categories. The best rating is “1.” Troubled banks are rated either “4” or “5.” Scores aren’t made public.
While hardly a surprise for the recidivist criminal bank, the Fed’s special designation means the bank has had to clear decisions about hiring and firing senior U.S. managers with Fed overseers. Even reassigning job duties and making severance payments for certain employees require Fed approval, the WSJ sources said.
This unprecedented scrutiny of DB by the Fed, which comes at a time of great turmoil for the bank whose CEO was recently expelled and which has seen many of its top traders and bankers quietly quit or get poached, has rippled through Deutsche Bank’s relationships with other regulators, including the FDIC., which has pressured the lender to improve controls and oversight.
The Fed downgrade also landed the bank’s FDIC-insured subsidiary, Deutsche Bank Trust Company Americas, on the FDIC’s “Problem Banks” list of at-risk institutions.
The FDIC doesn’t detail the membership of the list, but does say how many banks are on it and the combined value of their assets. The list’s asset total rose by $42.5 billion in the first quarter; Deutsche Bank Trust Company Americas, the bank’s well-capitalized American deposit-taking unit, had $42.1 billion in assets as of March 31, according to regulatory filings.
Commenting on the Fed stigma, a Deutsche Bank spokeswoman said the bank doesn’t discuss “specific regulatory feedback” and added that the bank “is very well capitalized and has significant liquidity reserves.”
The relevant U.S. subsidiaries are “DB USA Corp, Deutsche Bank Trust Corporation, and Deutsche Bank Trust Company Americas, our principal U.S. banking subsidiary, which has a very robust balance sheet as disclosed in our annual and quarterly regulatory filings.”
She also noted that “we have previously indicated that our regulators have identified various areas for improvement relating to our control environment and infrastructure. We are highly focused on addressing identified weaknesses in our U.S. operations.”
Judging by the market’s reaction, which following the news has sent the stock crashing to new multi-year lows…
… and now just shy of all time lows…
… the market disagrees, and in addition to liquidating DB stock has sent the German bank’s 1Y Subordinated CDS, i.e, its “counterparty risk” soaring, if still well off its 2016 highs.
On May 31, 2010, Israeli forces ambushed an aid flotilla heading to Gaza, killing 10 activists in a siege that drew international condemnation and sparked damning investigations, despite Israel’s efforts to control the narrative. READ MORE: https://ift.tt/2IYIMSR
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Alex Jones presents a newly surfaced video of Nikolas Cruz, the Parkland, Florida school shooter, where he lays out exactly what he plans to do at Stoneman Douglas High School before the event.
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Unable to win concessions from from its trading partners ahead of the Friday deadline, the US has introduced tariffs on steel and aluminum imports from Canada, Mexico and the European Union.
RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. View on YouTube
In this episode of the Keiser Report, Max and Stacy discuss high prices in ‘Scamville’ where consumer debt is on course to hit $4 trillion by the end of 2018. They also discuss United Health Group, one of the largest health insurance providers in America, admitting that Medicaid is a better deal for taxpayers and consumers than Obamacare/ ACA policies. In the second-half of the show Max interviews Seth Shapiro of Alpha Networks on his VideoCoin.io platform where blockchain and media meet. They look at the #MeToo movement and how that has opened the door to competitors in the media space.
RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. View on YouTube
Unable to win concessions from from its trading partners ahead of the Friday deadline, the US has introduced tariffs on steel and aluminum imports from Canada, Mexico and the European Union.
The new 25 percent tariff on steel imports and 10 percent tariff on aluminum imports from the EU, Canada and Mexico come into force at midnight (04:00 GMT, Friday), according to US Commerce Secretary Ross.
Confirming expectations, Wilbur Ross announced the steel, aluminum tariffs expemptions were lifted on EU, Mexico, and Canada. This prompted angry responses from the head of the EU bloc’s executive Jean-Claude Juncker who said that the European Union will impose counter measures immediately.
“This is a bad day for world trade,” Juncker said in a speech in Brussels.
“So we will immediately introduce a settlement dispute with the WTO and will announce counter balancing measures in the coming hours.”
“It is totally unacceptable that a country is imposing unilateral measures when it comes to world trade.”
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Setting politics aside, reality TV star and Clinton supporter Kim Kardashian West met with the president this week to discuss prison reform.
I guess she didn’t get the message from Jay-Z that politics were more important than working together for the cause.
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The European Court of Human Rights has ruled that Lithuania and Romania participated in the CIA’s programme of secret black site detentions and also violated the prohibition on torture – by helping the Agency with interrogation of two al-Qaeda terror suspects.
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We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news through digital mediums that evangelize our civil liberties.
US Secretary of State Mike Pompeo and North Korea’s former military intelligence chief Kim Yong Chol meet in New York trying to arrange Trump-Kim summit.
RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. View on YouTube