🤔@bankonroger is expanding into business accounts this month! Veteran and military spouse led, 100% veteran team, the backing of small biz expert & SBA preferred lender, @citizensedmond, and now new capital to📈!
Exclusive: President Trump wants Bill Pulte to fire a large number of employees as part of a shakeup of the U.S. intelligence community https://t.co/eSAxuzKMUA
In appeals court fight over the White House ballroom, DOJ says the federal government could quickly bulldoze the statute of liberty and no one would have standing to sue over the changes once the demolition is done.
THIS IS SIGNAL, not noise. Make note of this for future reference, esp given that Silvergate’s management can now talk about what really went down with the Fed’s takedown of Silvergate that triggered the spring 2023 bank run. 👀 @jaredkate@nic_carter
CORNYN asked whether he’ll vote to kill the anti-weaponization fund.
Cornyn says: “It makes a difference how that's done, but I've said that I do not support it. I think it's better done through reforms” to federal law
Okay, wow. @RepAndyBarr asks Fed VC Miki Bowman if she believes the San Francisco Fed is being responsive to an outside review of the failure of SVB. Bowman indicates some Fed officials have refused to meet with the outside reviewers. That is news!
@amacker That line of questioning was very odd. How dare you meet with bank CEOs over a proposal that will impact them profoundly? I mean, like, that happens all the time? In every administration?
The House Financial Services Committee hearing briefly devolved into members talking over each other, arguing over the price of gas. Chairman Hill: "Everyone is out of order."
Listening to prudential bank regulators testify in the House this morning, I was struck by how much time National Credit Union Administration Chair Kyle Hauptman dedicated to talking about stablecoins. Here’s his written remarks
Andrew Olmem, managing partner of @Mayer_Brown's Washington office and a former deputy director of the National Economic Council, talks about how the second Trump administration has moved much faster than the first to reshape financial regulation. Listen: https://t.co/0ft08WOlOd
If I was asking Congress to pass a law to make newsletters legal forever, I wouldn’t sign my name “Brendan Pedersen, veteran journalist.” I’d say I work for Punchbowl News, a newsletter company. My current employer is relevant to my advocacy priorities.
It kills me to see posts about the need for financial decentralization while I'm sitting here in my financial institution that is decentralized. 4000+ independent, small banks like mine that have been revolutionaries for our communities while keeping the US financial system safe for centuries. #banksmall
I see the gullible are out in force this morning pushing a fake AI JC Penney ad.
Look at the word registered in the bottom left.
In 1976 I was not starring in Star Trek; it was in syndication on afternoon TV. And no store would ever use a tagline: “Shop ‘til it makes sense” 🙄
Hill doesn’t sound pleased by Bill Pulte’s acting appointment to head of DNI, saying Pulte’s other job as a housing regulator is a big one with a lot of responsibility.
“I hope President Trump very promptly nominates a person who can lead the ODNI in the right way,” Hill said.
Puck’s @LACaldwellDC asks Rep. French Hill (R-Ark.) this AM whether the House will pass the Senate’s version of crypto market structure reform.
“I can't answer that question until I see it,” Hill said, though he emphasized his chamber has been working closely with the Senate
Wow. Hill was asked about the Trump administration’s executive order requiring banks to help crack down on illegal immigration.
“I don't know how that's workable, personally,” the Financial Services chair said. “It’s a challenging place to put the banks.”
every DC-based political operative bio is like: “Strategist. Storyteller. Girldad. Fighter of good fights. Lives on a diet of coffee and red wine, but usually not in the same cup 🤫. Always down to yap about redistricting. Hook ‘em 🤘”