B. Well Research

Hobbyists Research Institute

[Everett Stern @EverettStern1]

Dear Secretary Bessent @SecScottBessent,

My name is Everett Stern. In 2010 I was a compliance officer at @HSBC. From a back office in New Castle, Delaware, I watched billions of dollars move to drug cartels, sanctioned regimes, and terrorist organizations. The enemies of the United States. I documented it, I escalated it, and when the bank would not act, I took it to the @FBI, the @CIA, and eventually the @SECGov.

The result was a $1.92 billion settlement. At the time, it was one of the largest in American history. It was also about five weeks of the bank’s profit. Not one banker was charged. Not one went to prison.

I paid a different price. I lost my career, my savings, and my place in the industry I had trained for. I was blacklisted. Every door in American finance closed at once. I slept on a camping cot in a 300 square foot apartment because I could not afford a bed, and I waited tables at @PFChangs to eat. I tell you this not for sympathy, but so you understand that I know exactly what it costs to do the right thing in American finance, and exactly how little the system does in return.

I made that sacrifice because I believed it would change something.

Yesterday, your department fined @BankofAmerica $1.2 billion for failing to report more than $5 billion in suspicious transactions, some of it tied by your own findings to Chinese laundering networks, narcotics, and the southwest border, alongside 475 apparent sanctions violations touching Russia, Iran, and global terrorism. The bank admitted it willfully violated the Bank Secrecy Act.

Fourteen years after HSBC. A bank with “America” in its name. And once again, not one individual charged.

Secretary Bessent, I want to say plainly what I believe you already know. The fines are not working.

A fine is paid by shareholders, absorbed by the balance sheet, and forgotten by the next earnings call. Bank of America reported earnings this morning. Nobody who set the alert thresholds, nobody who decided the 2024 cease and desist could wait, nobody who chose the backlog over the law will lose a single thing they value. Their lives are untouched. That is the entire reason the behavior repeats.

This is money laundering. This is blood money. Money that reaches a cartel buys fentanyl that kills Americans. Money that reaches a terrorist organization buys the next attack. This country has fought a war on drugs and a war on terror for decades, at enormous cost in lives and treasure, and all the while we have allowed the financing to flow through institutions we charter and regulate. Cut off the money and we win. We have never seriously tried.

There is also a question of equal justice that I cannot let go.

Before I walked into the FBI building to report HSBC, I stopped in front of the Great Seal on the wall and read the words engraved beneath it: “Justice is the defense of our liberty.” I believed that. I still want to. But every day in this country, people go to prison for crimes that are nothing next to moving money for the people who want Americans dead. A suit, a title, and a corporate badge should not be a shield from the consequences that apply to everyone else. If a street dealer goes to prison for what he sells, the banker who moved the cartel’s money should be standing next to him.

I also want to raise something that is rarely said in these conversations. Why has no one inside Bank of America come forward the way I did? The answer is that everyone in American banking knows what happened to me, and to the whistleblowers who came after. The last person who spoke up is the only policy anyone believes. That is a culture problem, and it starts with leadership, in the banks and in the agencies that regulate them.

This is not a political issue. It has spanned administrations of both parties. It is a national security issue, and I am asking you to treat it as one.

Three things would change the math overnight.

Refer individuals for criminal prosecution. Not the analyst in the queue. The executives who set the thresholds and chose the risk. One banker in handcuffs would do more than every fine in Treasury’s history combined.

End “too big to jail.” An institution cannot be too big to fail and too big to jail at the same time. If it is the first, it must be held to a higher standard, not a lower one.

And if Bank of America will not act as America’s bank, review its charter. A national charter is a privilege granted on behalf of the American people. It should be conditioned on not moving money for the people trying to kill them.

Secretary Bessent, you said yesterday that these actions send a clear message that even the biggest institutions are not above the law. With respect, the institution was never the problem. The people inside it are above the law, and they know it. Until that changes, I will keep writing letters like this one, and the next bank will keep paying the next fine.

I gave up everything I had to stop this. I am asking you to use the power you have to finish it.

Respectfully,

Everett A. Stern
HSBC Whistleblower
Founder and Intelligence Director, Tactical Rabbit

[CryptoGoos @cryptogoos]

🤔 Robert Kiyosaki previously predicted $ETH would hit $60,000 in 2026…

This would require a 2,300% MOVE in 2.5 months!

[Luke Gromen @LukeGromen]

When the "reference discount rate" (mortgage rates) on an interest-rate sensitive asset like housing triples yet the price of that asset still rises 33%, the currency is the issue.

Blue = US Single Family Home Prices in USD, 2002-date (up 180%)

Red = USSFHP in gold (down 81%)

[B. Well Research @BWellStreet]

@AshCrypto I don’t think it’s been trading sideways that indicates little to no price action totally false

[Jack Posobiec @JackPosobiec]

White culture

[Saritha Komatireddy @sarithaforny]

There’s a three word solution to affordability in New York.

Just
Fight
Crime

[Watcher.Guru @WatcherGuru]

JUST IN: 🇬🇧🇨🇳 UK court blocks Chinese fraud victims from reclaiming $5 billion in seized Bitcoin, "likely" allowing UK government to keep it.

[zerohedge @zerohedge]

The Madness Of James Talarico https://t.co/bcEU9V3JaI

[Saritha Komatireddy @sarithaforny]

The facts and the law should guide every Attorney General. 

Letitia James’s own words speak volumes.

As Attorney General, I will follow the facts, enforce the law, and put New Yorkers first.

[Saritha Komatireddy @sarithaforny]

"An absolutely devastating moment for Tish James," conservative communications strategist Steve Guest wrote on X. "'She only admires herself' is a debate zinger for the ages."

[Pinelands Republican Club @ClubPinelands]

Our former VP @JerseyJustinUSA totally crushed @CoryBooker at the debate. If anyone in New Jersey does not vote for him they are a bigger fool than Spartacus. Every answer from the Democrat fraud was but Trump...
#Vote Justin Murphy for America and your kids

[قدرت مردم @powerpeople_]

از ایرانیان نیوجرسی خواهشمندیم به @JerseyJustinUSA رای دهید . 🙏🙏🙏

[TheJerseyGirl @ChristineX2024]

New Jersey and New York - you have a chance.

This is not rhetoric. This is common sense and a chance to recover from all of the damage that the Democrats have done to these 2 once great states.

@sarithaforny @JerseyJustinUSA

[Bill Ackman @BillAckman]

Well said on Iran.

[KJofTikTok @TheKJofTikTok]

🔥 Now this is how you field the questiond about the war in Iran. The crowd's response is epic.

GOP Senatorial candidate Justin Murphy's response was pure gold. Senator Cory "Spartacus" Booker's face tells the entire story as Democrats have seen no one come Out swinging like this.

"Mr. President, put your cowboy hat on and get out there and kick some
a$$...and get this done and get this done right"

[Kelly Clarkson @kellyclarkson]

Cool, cool. Sure, it wasn’t for sale. That’s the narrative Art of Play is gonna go with 👍 so the whole conversation we had when I asked you if it was for sale whilst pointing to the price tag hanging on the wall with the title Singing Bird didn’t happen as you elevator eyed me saying in a condescending tone “yes, it’s for sale but it costs 15,000 dollars so if you’d like me to find something comparable for you I can.” That all never happened and now it’s not for sale. Okay, cool. So you’re not only rude, you’re also a liar. Got it ✅
And by the way, I obviously support small businesses because I was literally at a small business trying to purchase things. I love small businesses and know they are important and I always support them, but you don’t get a free pass to treat people less than in your store just because you are a small business. It’s not that hard to be kind. I never blast people but you my friend were an exception.
Your store is really cool.
Unfortunately, you aren’t.

[Saritha Komatireddy @sarithaforny]

Thank you to Carlos Collado at the Bodega and Small Business Group for the endorsement!

[Pub @PubWanghaf]

I work in the Talarico campaign and I cannot remain silent any longer

I am lifelong, dyed in the wool, blue no matter who Democrat. I have worked in Democrat politics since I could hold a job.

James Talarico is severely mentally unwell. He has crippling anxiety. He cannot hold office.

I have to tell the truth.

[New York Post @nypost]

Super PAC funded by Knicks owner spends big to back AG candidate Saritha Komatireddy https://t.co/5jmdggFHHj

[B. Well Research @BWellStreet]

@BitPaine That’s hilarious they embarrassed her