A woman who worked for nearly two years for Rep. Eric Swalwell, a leading candidate for California governor, said she had sexual encounters with him while he was her boss and alleged he twice sexually assaulted her when she was too intoxicated to consent. https://t.co/wynMTVoXgK
why do stocks dump every friday? because trump has a pattern — airstrikes, major moves, always when markets are closed. by monday youre reacting to news you couldnt trade on. traders figured this out and now friday = reduce exposure no matter what. its a conditioned reflex at this point
this time the target is khark island. 90% of irans oil exports flow through there. us amphibious assault ships already in theater, 5000+ marines on deck, another unit en route from california — total force over 10k. iran has mined the beaches, added air defense, and threatened to hit every gulf energy facility if the us moves in. if the island gets taken but oil infrastructure gets destroyed in the process, oil spikes even higher, stocks keep bleeding short term. BUT if it forces a deal and iran reopens hormuz — thats the real inflection point
and theres an even bigger variable next week. april 3rd trump submits his FY2027 budget to congress — $1.5 trillion in defense spending, 50% jump from last year. defense stocks keep winning — lockheed, raytheon, northrop are all in play. energy names keep outperforming on the war trade. but that budget adds $5.8 trillion to the national debt over the next decade. bond market is already nervous — 30yr yields near 5%, treasury auctions coming in hot. more debt issuance means higher yields which means more pressure on valuations, especially tech
heres the twist tho. friday the 2yr yield actually DROPPED 7bps. big money is flooding into short duration treasuries as a safety trade. theyre pricing in a scenario where oil stays too expensive for too long, global growth stalls, and the fed is forced to cut — not hike. so the bond market is literally pricing two opposite outcomes at the same time
nasdaq already in correction territory. dow just joined. s&p down five straight weeks. but for long term investors, a 10% drawdown on AI infrastructure names is a gift. these companies arent speculative — theyre the backbone of the next decade. the question isnt whether AI keeps growing. its whether you have the conviction to buy when everyone else is panicking
#SP500 #Oil #Iran #Trump #AI #DefenseStocks
Bank of America just agreed to pay $72.5 million for helping Jeffrey Epstein traffic underage girls.
The settlement dropped late Friday night. Buried under war headlines and protest coverage. Almost like they planned it that way.
And this is literally the FOURTH major bank settlement tied to Epstein's sex trafficking operation.
JPMorgan paid $290 million to victims. Then another $75 million to the US Virgin Islands. Deutsche Bank paid $75 million to victims and got hit with a $150 million regulatory fine on top of that. Now Bank of America adds $72.5 million.
Total exposed so far: Over $660 million.
Number of bankers criminally charged: ZERO.
Number of bankers who went to prison: ZERO.
Every single settlement came with "no admission of wrongdoing." Every bank said some version of "we regret the association" and moved on.
But the court filings tell a very different story:
JPMorgan filed suspicious activity reports on Epstein's accounts as early as 2002. Their own compliance team flagged him. They KNEW something was wrong but they kept banking him for 11 more years anyway.
When Epstein was alive and actively trafficking girls, JPMorgan flagged $4.3 million in suspicious transactions.
After he died in his cell? They retroactively reported $1.3 BILLION in suspicious activity going back to 2003. That's 300 times more than what they reported while he was alive.
A Senate investigation found that JPMorgan executives overruled their own compliance officers to keep Epstein as a client. Internal emails show top executives approved continued business with Epstein even AFTER his 2008 conviction because he was bringing in ultra-wealthy referrals.
Deutsche Bank picked Epstein up as a client in 2013, the same year JPMorgan finally dropped him. Their own CEO later admitted onboarding him was "a critical mistake that should never have happened." They literally kept him for five more years.
Bank of America allegedly didn't file suspicious activity reports on Epstein-linked accounts until AFTER he was dead.
The pattern is identical every time:
See the red flags. Ignore them. Profit from the relationship. Wait until the client dies or gets arrested. Then file a report. Then write a settlement check. Then say you did nothing wrong.
Now think about this...
These are the same banks that freeze your business account over a $5,000 wire transfer. The same compliance departments that require endless forms of ID to open a checking account. The same institutions that flag small business owners for "suspicious activity" if they deposit cash from their own customers two weeks in a row.
But a convicted sex offender runs hundreds of millions through their systems for DECADES and nobody notices. Nobody reports it. Nobody escalates it. Nobody calls law enforcement.
Until he's dead. Then suddenly everyone remembers everything.
Senator Wyden called for a criminal investigation. The Treasury Department has thousands of pages of Epstein bank records they still won't release. Congressional investigators say the full picture of what these banks knew hasn't come close to being revealed.
$660 million in settlements and fines. But not a single criminal charge against any banker at any institution.
That's the system working exactly as designed.
I wonder why no one's talking about the files anymore?
I'm glad to share the news that all SNAP recipients in Connecticut will receive their full benefit amounts for the month of November on their EBT cards within the next couple of days. (1/6)
BREAKING: Pennsylvania is now driving out November SNAP benefits.
After we won in court yesterday, we moved quickly to start getting benefits loaded on EBT cards and out the door — and we're working to get every Pennsylvanian currently waiting for federal food assistance benefits what they're owed.
Every Friday night, as the markets close, a chill runs down my spine. Somewhere in D.C., a comms official is whispering, “Perfect time to announce it.”
While thousands of workers have been fired in the overhaul throughout the work week, Friday nights have become some of the most nerve-racking times for civil servants https://t.co/hCNNSA9OaX
While thousands of workers have been fired in the overhaul throughout the work week, Friday nights have become some of the most nerve-racking times for civil servants https://t.co/hCNNSA9OaX