Money from stablecoin company Tether flowed to Bo Hines's consulting firm while he worked in the White House on landmark stablecoin legislation. Once the law passed, Tether hired him as its U.S. chief.
Amazing scoop by @skesslr
https://t.co/9ih7GbkSiM
NEW: An Abu Dhabi investment group tied to the U.A.E.'s intelligence chief will be the largest shareholder in World Liberty Financial's new U.S. bank.
w/ @rebeccaballhaus@AABerwick
https://t.co/1hi4hAihnm
SCOOP: At least 10 high-ranking officials are leaving Fannie Mae, raising concerns about more turmoil at one of the firms that back major portions of the mortgage market.
Trump ally and adviser Bill Pulte is the chairman of the Fannie Mae board.
Story w/@ginaheeb + @beccpicc
https://t.co/QNpaKMFDod
New: Multiple big banks have held preliminary talks about a deal for a Fiserv-owned debit network.
The key rationale: Getting around a cap on debit card swipe fees
@ginaheeb and I explain ->
https://t.co/mQLsV6buXz
Boris Epshteyn, Trump's personal lawyer, is said to have joined Indian billionaire Gautam Adani's criminal defense last year.
In May, DOJ officials took the unusual step of asking a judge to dismiss the charges against Adani & other defendants. Epshteyn and Adani's company say he wasn't hired.
w/@joe_palazzolo@cryanbarber@jdawsey1@davidamichaels
https://t.co/Fs5fW9Ektq
U.S. Attorney Jeanine Pirro has joined the Trump admin's inquiry into whether big banks discriminated against conservatives and certain hotbutton industries.
JPMorgan, BofA and Wells Fargo are among those that have received DOJ subpoenas.
w/ @ginaheeb
https://t.co/na7zxCN2DV
SCOOP: President Trump in an exclusive interview tells me he expects and has made clear to Bill Pulte, his new acting Director of National Intelligence, he wants him to make sweeping personnel cuts and major changes to the U.S. intelligence community, in particular taking aim at the Office of the Director of National Intelligence.
“You're less shackled,” Trump told me about Pulte’s temporary role. “It sort of gives you more power.”
https://t.co/vx2nQOVuOy
The largest U.S. banks plan to launch a tokenized deposit network next year, an attempt to stave off threats from crypto companies https://t.co/Be3MvdPfvq via @WSJ
In conversations with the president, Pulte made the case that he would be an unyielding advocate for the president’s foreign policy agenda and he signaled support for the war in Iran @schwartzbWSJ@jdawsey1@ginaheeb
https://t.co/RtzoglAFMB
NEW: There are two people close to President Trump who are disliked by some in the White House in Howard Lutnick and Bill Pulte.
Today, Trump announced Pulte would be the interim Director of National Intelligence.
Here’s how Pulte pulled it off with a key message in private to Trump: loyalty to the president’s national security agenda including the conflict with Iran.
Story w/ @ginaheeb@jdawsey1
https://t.co/555C3gVKF5
Now that Bill Pulte has been named acting director of national intelligence, it's worth going back to this great profile by @ginaheeb@jdawsey1 and @rebeccaballhaus --->
He’s Called ‘Little Trump,’ and His Tactics Are Rankling White House Top Brass
https://t.co/5HVSdhy63p
2 pardon scoops in 2 days w/ @cryanbarber ... yesterday it was Jho Low of 1MDB seeking a pardon from Trump; today's story: White House officials are weighing a plan for Trump to issue 250 pardons as a way to mark the celebration of the nation’s 250th birthday, according to people familiar with the matter. https://t.co/TNhO7702si
Coinbase CEO Brian Armstrong is at the center of a major clash between crypto & Wall Street that's been playing out from Washington to Davos. Jamie Dimon and other bank CEOs had some stern words for him in private. @AmrithRamkumar@dgtokar@ginaheeb https://t.co/QO81YtBp8X
Jamie Dimon told Coinbase's Brian Armstrong he is " full of s—" in Davos. Other bank execs blew him off. Inside their high-stakes policy fight with big implications for the future of finance. W/ @dgtokar and @ginaheeb:
https://t.co/KQ8AMLMnVE
WSJ first reported that Goldman was looking to offload the Apple credit card program in 2023. Now, a deal with JPMorgan has been reached -- with the roughly $20 billion of card balances going for more than a $1 billion discount, sources say. As reported with @ginaheeb first
Bill Pulte has used a low-profile federal housing post to make waves, attacking the president’s foes, ousting ethics watchdogs and championing radical policies like a 50-year mortgage. By: @ginaheeb @jdawsey1 @rebeccaballhaus https://t.co/sB2jSvViBP
Bill Pulte marched into the Oval Office this summer, carrying a “Ghostbusters”-style poster that featured pictures of administration officials and outside allies, outlined by red circles with lines through their faces. He told the president he had identified leakers who were undermining the administration.
His penchant for carrying poster boards into meetings has become so well known that when he shows up without one, administration officials ask, Where are the boards?
On how the unusual tactics of director of the typically sleepy Federal Housing Finance Agency are rankling the administration, w/@ginaheeb@jdawsey1 https://t.co/2Ra4hI79gu
SCOOP: Fannie Mae watchdogs had been probing if Bill Pulte and his team had improperly obtained mortgage records of key Dems, incl Letitia James, when they were fired.
Case referred to inspector general + Virginia prosecutors.
w/ @ginaheeb@cryanbarber
https://t.co/49nGCCdD5E
Fannie Mae watchdogs who were removed from their jobs had been probing if Trump appointee Bill Pulte had improperly obtained mortgage records of key Democratic officials, including New York Attorney General Letitia James. Scoop by @ginaheeb@schwartzbWSJ@cryanbarber https://t.co/AiNQfyPCDf