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(European Union) Lawmakers want to see more support for Ukraine as US and UK counterparts advance. EU lawmakers have called for Russian state assets to be seized to support Ukraine, saying existing plans worth billions of euros don’t go far enough. EU countries are already discussing plans to deliver an aid package worth around €3bn a year to Ukraine by using the interest from capital held within the bloc by the Russian central bank. But EU lawmakers want to go further, as US counterparts finalise a €57 billion aid package for the war-torn country. “Europe needs to seize all of...

KEY TAKEAWAYS The European Commission wants to hand Ukraine $300 billion seized from Russia. Doing so likely would sound the death knell for the dollar and eventually the euro. The message from the EU and the Biden administration is crystal clear: Western financial markets are now a dangerous place to park your money. The talk of seizing foreigners’ assets is exposing these dollar-denominated loans as less than safe. Indeed, they’re more of a liability. Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European...

Banks are often among the biggest companies in the world.In this graphic, Visual Capitalist's Marcus Lu lists the top 50 banks in the world by consolidated assets, based on a 2023 report from S&P Global Market Intelligence. The data represents each bank’s total assets for the most recent period available.Chinese Banks Keep on GrowingAccording to S&P, the four largest Chinese banks grew their assets by 4.1% in 2022, reaching a combined total of $19.8 trillion.In fact, Chinese banks already account for over a third of the assets held by the largest banks on the planet. Four of the 15 biggest...

The Federal Reserve Board on Wednesday [ed: Jan 24] announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions. During a period of stress last spring, the Bank Term Funding Program helped assure the stability of the banking system and provide support for the economy. After March 11, banks and other depository institutions will continue to have ready access to the discount window to meet liquidity needs. As the program...

NEW YORK (AP) — Donald Trump’s lawyers told a New York appellate court Wednesday that he’s prepared to post a $100 million bond to halt collection of his staggering civil fraud penalty, arguing that provisions of the verdict make it impossible for the former president to secure a bond for the full amount. Trump’s lawyers floated the offer in court papers asking the state’s mid-level appeals court for an order preventing New York Attorney General Letitia James’ office from enforcing the $454 million judgment while his appeal plays out. Trump would have to post the full amount to pause collection...

Shark Tank’s Kevin O’Leary — a.k.a. “Mr. Wonderful” — ripped CNN for pathetically attempting to justify a radical New York judge’s bonkers ruling against former President Donald Trump. Leftist CNN anchor Laura Coates appeared giddy as she touted the $355 million fine New York Supreme court judge Arthur Engoron slapped on Trump for allegedly inflating his assets to lenders, despite nobody losing money. O’Leary argued during the Feb. 19 edition of Laura Coates Live that this was a “victimless crime” due to the fact that Trump did nothing that was outside of the typical haggling that goes on between real...

New York Attorney General Letitia James (D) is prepared to seize former President Trump’s assets if he does not pay the nearly $355 million verdict levied against him in a civil business fraud trial last week, she told ABC News on Tuesday. “If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” she told ABC News. The $355 million verdict and additional $100 million in prejudgment interest handed down Friday are the largest financial penalty levied against Trump and his...

This is insane, the US State Dept forced all Ukrainians to tie their financial assets to their smartphones by developing the DIIA “State-In-Smartphone” app for Ukraine, and now Ukrainians who try not to die will have all their assets seized...

If you have read my articles for a while, you would know I am a big fan of studies that give a perspective of where the average American stands financially. Now, let me be clear: I wouldn’t use these as a basis for a financial plan by any stretch of the imagination. These studies don’t mean people are in a good or bad financial situation. Plus, they include a large contingent that lives below or at the poverty line.However, why I like these studies is twofold. First, finances are still taboo to talk about. Thus, most people have no sense...

The horrific events in the Middle East have repercussions that go beyond Israel and the possibility of a lengthy war with unimaginable bloodshed. They also have an enormous impact on today’s other grisly international conflict, the Russian invasion of Ukraine. As the U.S. rushes vital military aid to the Israelis, there lurks a challenge in Congress for the continuing resupply of vital armaments to Ukraine. On Tuesday, Sen. Josh Hawley (R-Mo.) shamelessly used the crisis in Israel and Gaza to advance a pro-Russia agenda, calling for Ukraine funding to be diverted to Israel.

New York Attorney General Letitia James released a statement marking the first day of her trial agaisnt former President Donald Trump on Monday. Trump will appear before Judge Arthur Engoron in Manhattan on Monday. He faces charges of fraud relating to his business dealings. “For years, Donald Trump falsely inflated his net worth to enrich himself and cheat the system. We won the foundation of our case last week and proved that his purported net worth has long been rooted in incredible fraud. In this country, there are consequences for this type of persistent fraud, and we look forward to...

The decision provides important protection for property rights, and features a powerful concurring opinion by prominent conservative Judge Amal Thapar. In many states, asset forfeiture laws allow law enforcement agencies to seize valuable property based on mere suspicion that it was used in a crime, and then keep it even if the owner was never convicted of any crime. On top of that, some force owners to wait many months before they even have a chance to challenge the forfeiture in a hearing. Yesterday, in Ingram v. Wayne County, the US Court of Appeals for the Sixth Circuit issued a...

The Department of Justice is shelling out more than $6 billion to private companies to manage its asset forfeiture investigations, raising alarm from one nonprofit law firm that accuses police of "treating ordinary Americans like ATMs" and seizing their cash. "You've probably heard the adage, 'you've gotta spend money to make money.' Here, it's 'you've gotta spend money to take money,'" said Dan Alban, head of the Institute for Justice's National Initiative to End Forfeiture.

“They will be the Goldmans of China,” one of Hunter Biden’s business associated boasted about the relationship with CEFC. Text messages provided to the FBI show that a Chinese energy conglomerate that struck a controversial deal in 2017 with Hunter Biden began its pursuit of a relationship with the future first family back in late 2015 when Joe Biden was still vice president, hoping to seize on the name of one of America’s most famous political dynasties to provide cover for its ambitious plan to buy up energy assets inside the United States. “There will be a deal between one...

Disney extended the contract of CEO Bob Iger for two years last week, and since then he has wasted no time in admitting that the company has a difficult road ahead of it. In a recent interview with CNBC's David Faber, Iger suggested that Disney was perhaps spreading itself too thin and may reign in its television production to focus on films, which have been its bread and butter for decades. "I'm extremely optimistic about the company and its assets," Iger told Faber, "but in some cases the challenges are greater than I had anticipated." He said his prior "pessimistic"...

This is truly the new version of “Girls Gone Wild!” except this time it is elderly politicians in Washington DC acting like demented children. Biden will not budge on spending cuts with the debt limit soooo close to the point of no return. But Biden may not budge since he has the corporate media spewing hate against Republicans nonstop. And on top of Biden’s outrageous budget, largely payoffs to progressive groups, Missouri Representative Cori Bush (D-of course) is demanding $14 TRILLION in slave reparations. Or what?? More BLM riots? Even California Governor Gavin “Gruesome” Newsom isn’t stupid enough to approve...

Feb 12, 2023https://twitter.com/naomirwolf/status/1624950735283621890?cxt=HHwWhMC4obOF_owtAAAA

RealPage, Inc., a real estate software and data analytics company, is facing class action litigation and a federal investigation over whether it is facilitating a data-driven rental property cartel with landlords and property managers, driving up the prices renters pay each month.

‘The government’s theory is that having cash makes you a presumptive criminal, and I think every American should be worried about that.’ There is no denying anymore that our federal agencies have weaponized their power against the political adversaries of the left. But if you think the feds’ abandonment of all standards only affects outspoken critics of the regime, think again. More allegations of FBI corruption and hubris are coming to light after a lawsuit last week revealed FBI agents misled a judge so they could illegally seize and withhold property from innocent American citizens. Agents took more than $86...

CWN Editor's Note: Pope Francis has issued a canonical order for all agencies of the Holy See to deposit their liquid assets in the Institute for Religious Works (IOR), the Vatican bank. In a rescript published in L’Osservatore Romano on August 23, the Pope said that the apostolic constitution Praedicate Evangelium should be understood to mean that the IOR has the sole authority to manage “the movable assets of the Holy See and of the institutions linked to the Holy See.” The papal order makes it clear that Vatican offices are not to maintain separate bank accounts in non-Vatican institutions....