From New York Magazine:
Wall Street Banks Are (at Least Somewhat) Freaked Out About a Recession
You know things are serious when David Solomon, the Goldman Sachs CEO who spent the summer DJ-ing at Lollapalooza, hasn’t posted on Instagramabout his music since August. The largest economies in the world — the U.S., China, the eurozone — are teetering on the edge of recession, and the coming months, maybe the next year or so, will probably be a time of rising unemployment, spreading bankruptcies, and the price of everything remaining high. Add to that a European land war and OPEC+ cutting oil production, and you’d expect Wall Street’s biggest banks would be hunkering down to protect themselves from a wipeout. To an extent, they are. This has been a rough year, with dealmaking all but halted, the stock market erasing two years of gains, and rampant inflation throwing the global economy off-kilter. Wall Street banks are designed to understand the economy better than anyone else. Assuming they do have some special insights, it’s worth reading their real-world-concern level: Just how freaked are the masters of the universe right now?
Well, that’s a bit complicated. Observers of the financial world have noted that there is currently no consensus view among the people who lead America’s biggest banks. For some, the economy is about to get much scarier, while others argue that consumers are still basically fine and that the U.S. may scrape by with relatively light economic damage.
The lead spokesman for Team Fear is Jamie Dimon, the longtime head of JPMorgan Chase, which is the largest bank in the U.S. by just about every measure. Back in June, Dimon warned about an incoming economic “hurricane,” and he doubled down on that prediction last week when he said the country would likely be “in some kind of recession six to nine months from now.” From a certain angle, his bank is definitely preparing for some kind of downturn as it’s sitting on a mind-boggling $1.2 trillion in cash, or almost $4 million for each of its 288,000 employees (though that headline number is a little complicated — more on that later). And Dimon certainly has experience with this kind of thing. He’s the only CEO of a major bank who lived through the 2008 financial crisis, and he pioneered the idea of a “fortress balance sheet” that would protect a bank from going under in times of emergency.
…
But it’s not all doom and gloom. JPMorgan, Goldman, Bank of America, Citigroup, and Wells Fargo have reported that they’re still making plenty of money, and analysts are expecting them to have to set aside only $5 billion or so for busted loans — one of the key ways a bank would get hurt during a downturn. And Brian Moynihan, CEO of Bank of America, is far more upbeat than Dimon is about the state of the world. “The customers’ resilience and health remain strong,” he said on an analyst call Monday morning. And while Dimon has made plain his fear about the future, he has pointed out that right now people are spending money. Even Goldman’s annual round of culling was fairly light as layoffs go. (Bonuses, however, are probably not going to be anything like last year’s absolute bonanza.)
…
But CEOs like Dimon have the luxury to say one thing while their bank does another. Since the passage of a package of reforms in 2010, banks have had to set aside more money to prepare for not only a recession but a complete systemwide failure. “It’s night and day from before the great financial crisis to today, from an oversight and financial-preparedness level,” Mayo said. The analyst noted that most people who work on Wall Street have been through only one major recession, in 2008, and that a more run-of-the-mill recession would be much more manageable for Wall Street. “The banks are signaling that they’re preparing for tougher times,” Mayo said, “but they’re not freaking out.”
Frist
I see Biden is releasing from the oil why won’t he just drill ……of course that would mean he was wrong ……
Where did all the buyers go?
https://ritholtz.com/2022/10/home-buyer-traffic/
I see some lenders quoting 30 year mortgages at 7.5 percent.
The oil reserves are at the lowest level in 40 years. At what point do they tell him there’s nothing left. Trump nailed it regarding the open border and energy independence (among other things). The democrats would rather die than do what’s right for America.
Fab,
“The Fed needs to get creative and shut off or severely limit access to the overnight window and let the market fight it out. Those holding have to lend and those needing still pay market.”
The Fed’s role is to ensure banks don’t pay market. Remember the 500B QE/bailout for repos during “the greatest economy in the history of mankind”
8:26 nonsense. Your fixation with Trump tells me all I need to know about your agenda for aMerICa. Grift, lie, steal, embezzle, treason.
2Y 453
10Y 412
What Biden Administration is doing with SPR is really cynical and dangerous.
Stupid clowns
He better hope a giant hurricane doesn’t come and you know….create a situation where we need that.
Or a war
If only we could get conservatives back like UK. Perhaps propose tax cuts for the wealthiest or have our govt guarantee gas and oil prices for all households for two years…oh wait
Also, the narrative on Trump’s energy “independence” which cult does not want to understand
But note that this was the culmination of a trend that started in 2006 when U.S. net imports topped 13 million BPD. Most of that march to energy independence happened under President Obama. All President Trump (and President Obama before him) had to do was avoid driving the bus into the ditch, and they would continue to benefit from the hydraulic fracking boom that enabled all of this.
According to a WSJ article the other day, US armed forces are ill prepared for any sort of major regional conflict were one to occur.
According to a CBS news article, pandemic savings are gone, and Americans are massively charging up their credit cards to maintain their previous standard of living. Away from that bank charge offs for bad CC debt had been low, but it would appear that will change going forward. To Chgo s point from last night, people still spending and acting like all is well, maybe they are in the back of the room and don’t realize yet the music has stopped.
Your fixation with Trump…
LOLOLOLOLOL!!! Your side is 24/7 about erect1ions, sed1tion and Trump. I could care less about Trump but he was right about a lot and he did accomplish a lot. But let’s forget him and talk about slo jo and his accomplishments.
What Biden Administration is doing with SPR is really cynical and dangerous.
They’d whack their grandmother if it meant holding on to power.
I assume you are stating that reality as a fact based on timing not causation. Because O’man was dead against fossil fuels until he wanted to take credit for the benefits.
The evil Cheney Halliburton cabal is the responsible for the devil’s work of fracking.
O’man refused federal guidelines which left a backward hodgepodge of states such as OklaHOMa to putrefy the hinterlands.
Bystander says:
October 19, 2022 at 8:44 am
Most of that march to energy independence happened under President Obama.
” still feel as if we haven’t received real news yet. However, the further we go without a proper miss means a narrative is being written…”
Nominal > Real.
Look at unit v. revenue growth….
“Who said you cannot buy an election on the cheap? 15 Billion more barrels from the reserve, and more to come.”
Loan forgiveness applications opened this week, concurrent with early voting in many States…fucking lawn sale….if it ain’t nailed down this guy is giving it away.
“I see Biden is releasing from the oil why won’t he just drill ……of course that would mean he was wrong ……”
ESG/SJW is not policy, ie. subject to change depending on conditions to maximize outcomes.
It is religion…blinded by logic or reason, irrationally aggressive to debate.
In other words, they’re always right.
What happens in the event someone gets their 10k forgiveness, and ultimately the court’s determine that Joe had no authority to do this and the forgiveness program is stopped. Are those people then responsible for paying back the 10k forgiveness??
chi, FFR futes nearing 5.0%…Apr at 4.96%….
Don’t know the mechanics 3b…I’m half a million plus of cash out of pocket for tuitions so far, and not done, but I’m not one of the Chosen Few anointed by the liberals for benefits…I’m the checkbook for them. So I don’t know the mechanics.
Interesting question though…haven’t followed it closely enough to be familiar with basic details…A debt isn’t repaid until you get a cancelled note back, right? These debts are privately held but government guaranteed? If so, as a lender I’m not sending any notes back until I have dollars in the bank from the government. Is that actually occurring?
At gas station people focus on price of regular 87 cash.
Key is to look at price of diesel. It is still up in the $5’s.
That is serious and chronic bad shit.
That cost seeps into every piece of the supply chain, and come winter, will be coming to an oil heated home near you.
Someone here (OC1?) said he was in a tent in the SW…may join him lol.
Left : It’s an interesting question, and I have not seen any discussion on it. I never paid much attention to stud loans, as I paid for my guys. I know I am privileged. But I agree with your take on it being a debt and a cancelled note. This could be in the courts for years and yet the program is now open, that makes no sense in my mind. I read somewhere last week that one million NJ residents are qualified for this gift, I mean loan forgiveness.
Are those people then responsible for paying back the 10k forgiveness??
Besides paying back the 10K, they’ll probably need to pay the capital gains tax on the 10K as well. It’s earned income. The democrats are diabolical.
Lib, in the best example of what I can offer of the market will tell you what to do…GNRC.
While we were discussing it – as watchlist only – it was drilling center earth on no news and contrary to every other stock or indicator.
Earnings warning, down $30 (20%).
I am literally staring at my charts/notes starting from a month back that references ‘stay out, even before earnings, can get killed by pre-release’. Man that P/E looked juicy low but that daily chart with the volume…pull it up and look at the unrelenting number of (and unrelentingly high) sell volume bars…
Need to go back and see how other pre-releases behave now…let’s see where she goes before earnings at end of month but may be good for a bounceback…I’m going to try to find some liquid options and write beneath this level….
TREX down 5% in sympathy…keep an eye on that one…
“Besides paying back the 10K, they’ll probably need to pay the capital gains tax on the 10K as well. It’s earned income. The democrats are diabolical.”
I’ll agree the Dems are diabolical but it is because they apparently waived Fed taxes on the 10k forgiveness as well…
C’mon man, if they are going to fleece the one half of the population that actually pay Federal income taxes to support the other half they have to shave you bare…no sense leaving any wool on us sheep…
Btw, the train parking lot was full yesterday so it seems like people may be gravitating back to work. I suspect Tuesday through Thursday would be the ‘option’ days for a lot of people while Mondays and Fridays would be the WFH days.
Fast: No big change in my train parking lot, 10 to 15 cars on the heavy days, usually Tuesday and Wednesday.
Lib, missed but still growing. Haircut earnings and annualize them however you want going forward but sub 100 this looks juicy. With volatility where it is just dipped my toe in on writing some Nov puts. You want to hand me this stock at 90, I’d likely take it.
I’d be interested in the stock straight long as well. Let’s see where she goes next couple days.
1.75 adjusted 3Q EPS, normalize it to$ 7.00, at 90 that’s 13x…..at 16x multiple (market +/-) I’d just need, what, $5.60 of normalized earnings?
Company is still growing, well, despite the miss….15% top line….
GL…YMMV
Anyone home gaming do your own diligence and trade within your own risk parameters. Not a recommendation and all disclaimers apply.
Your Local HS Janitor
Sorry Lib, typing to fast..
Above is GNRC, below their filing
https://www.sec.gov/Archives/edgar/data/1474735/000143774922024355/ex_433463.htm
3b,
I was surprised to see it full. Strange that there’s a big difference, since I believe you and I dwell in the same area of the privileged muppets.
Chi,
Yes, timing not policy as most things are.
Ed,
Some of us are not so insecure about our prez choices that have to list accomplishments every ten seconds. Biden has them but you won’t agree so no point. Biden was right choice for 2020 given Orange Mussolini. He is not right choice for 2024.
Bystander: I honestly don’t see any accomplishments of Biden, even prior to President and VP. Basically, a do nothing career politician with a history of lying going all the way back to his failed Presidential campaign in the 1980s. The NY Times refers to this lying as “ folklore “.
As for him being the right choice in 2020 because of Trump, well that in my mind tells me how much trouble this country is in whatever one’s political affiliation is. I would also say the choice of Biden as President increases the chances of the lunatic Trump being elected in 2024.
Fast: Maybe your specific area or mine is more or less privileged than the other , depending on one’s view of privileged muppets!!
The UK s Prime Minister Truss, hanging on by a thread, may be gone by end of the week.
Spending vs. Savings
Dislocation in the Jobs/Employment markets
Both of these things are pandemic YOLO – the entire country went through a near-death experience of sorts. So if you think the mindset shifts back quickly, you’d be really wrong.
Buy your whole house Generac natural gas generators before your state govt or federal govt bans them like California is doing. If Murphy can ban shopping bags, what can’t he ban?
leftwing,
I think in this case there’s some overlap between the population of those carrying student debt and those paying federal income taxes.
leftwing says:
October 19, 2022 at 10:17 am
C’mon man, if they are going to fleece the one half of the population that actually pay Federal income taxes to support the other half they have to shave you bare…no sense leaving any wool on us sheep…
Learn small engine repair, fixing your lawnmower is going to look more like Cuba in the next two decades. We’ll all be running our illegal blowers and mowers. Two stroke for the win.
I went back to the old style gas cans. Good riddance to that new shit. There was a time years back when the gas station attendants used to give me crap for the old cans, so I switched. Sorry, I’ve never spilled so much gas as I did with those new nozzles. Now there is even a worse style, not sure if any of you have used it. It’s clearly (exclusively) made for filling up a car, and not small equipment. Literally impossible to fill a lawnmower gas tank without pouring a cup of gas all over everything. Yet, I have never in my life put gas in a car using a small gas can, and I’m sure I’m not alone here, yet this is the use case we’re legislating design around? Crazy.
Not at all surprised there are hundreds of sellers on Amazon selling illegal replacement spouts, it’s an entire industry.
3b,
I mean accomplishments in the most useless of sense, like the txt file that Ed keeps for Dumpy. Lowest unemployment rate in history, negotiated lower drug prices for Medicare, ended Afghan war, brough manufacturing back to blue collar areas with Intel in OH and Micron in Syracuse. Ed would probably mention great housing rise if it occurred under Dumpy. If Putin falls then another gem I guess but Rs will say it caused instability. It is bulls&t. Toothless EOs, big spending, tax breaks and Treasury / Fed financial engineering are that presidents care about anymore. It is legacy stuff and the more they say ‘they care’, the more they lie and spend. The first useful president on either side will level with Americans, explain pain of situation, cut spending and close the wealthy tax loops, protect the lower classes so don’t turn into Brazil. No more QE, no more stimulus, no more bailouts..shared pain all around
Blah, blah, blah, President something, blah, blah, blah…
“I think in this case there’s some overlap between the population of those carrying student debt and those paying federal income taxes.”
Agree. Which makes the whole concept even crazier…
I mean accomplishments in the most useless of sense, like the txt file that Ed keeps for Dumpy.
It’s a spreadsheet Bro, not a text file and I’m at 1,048,400 rows! Whew! I almost had to launch another file.
re: repair small motors and gasoline.
Lot’s of expertise already for me. I used to actually cut other people’s lawns for money!! Imagine that white kids these days from the burbs cutting grass, they must be drug addicts or something!
I recall filling anything and everything with gas for my mini-bike,lawn mowers, and weed wacker, snow blower etc even as a kid, pour like a gallon milk jug. We’d pour with a funnel and not spill since we didn’t have enough spare cash to waste any gasoline. The gas cans had air vents you could open and close, no glug, glug stop and start filling easy peasy. These new ones the EPA forced on us? For most of us we will only buy gas cans only a time or two in our lives, they figure the new generations won’t know any better and use the new EPA mandated ones since the Obama administration.
BTW I rotate my gas every few months, I fill my car with it and use a funnel otherwise I would probably spill a full quart out of 5 gallons with those new filler necks, just on the glug glug action causing sloshing, burping gasoline eruptions of not having an air hole on the back of the gas can and a crappy spring loaded neck latch.
Bystander gets it. The rest of you incels?
Not so muuuuuch. Laughable to think Drumpf
was anything more than a trainwreck in office.
I took the nozzle off and have an overly obnoxious big funnel to avoid spilling.
Biden announces they plan to refill the SPR at $70. But he’ll wait for Nancy to buy call options on it first.
Hah, Ed. Send it over and I will rename Joe’s accomplishments.
As Covid Hit, Washington Officials Traded Stocks With Exquisite Timing
Some sold in January 2020 when the government began mobilizing against the threat. Others bought shares as a market-rescue plan was taking shape.
https://www.wsj.com/articles/covid-washington-officials-stocks-trading-markets-stimulus-11666192404?mod=hp_lead_pos5
Ex says:
October 19, 2022 at 1:22 pm
“Bystander gets it…”
Haha, another ExBi ‘we love Joe’ lovefest. Fact is, if a true Manchurian candidate took office and actively attempted to screw things up, he could not have done any worse than Joe has so far. As for reciting T’s accomplishments, in addition to being very easy to do, it serves the purpose of highlighting just how disastrous Joe has been. Here’s an objective report card for Joe, listed in alphabetical order…
Border/Immigration Policy – F
Domestic Safety/Security Policy – F
Education Policy – F
Energy Policy – F
Fiscal Policy – F
Foreign Policy – F
LGBTQXYZ Policy – A
Middle East Specific Policy – F
Canadians have seen rent, food and gas prices soar in the past year, and now hundreds of thousands of households can expect another hit: rising monthly mortgage payments.
Many borrowers who took out variable-rate mortgages during the height of the housing market frenzy in 2021 and early 2022 could face higher payments next month — or even the need for a lump-sum payment on their mortgages.
The vast majority of variable-rate mortgages have fixed monthly payments, but soaring interest rates mean many of them will likely hit their “trigger rates” this fall, forcing an increase in payments.
Oh geee….can’t even learn simple lessons from the last crisis
You have to be an idiot to have not locked in a low rate while it was available. Now these individuals will have to be bailed out. Oh wow, now you can’t afford it?! People are their own worst enemies, yet they blame everything but themselves.
All of the young nurses I work with are signing up for their loan forgiveness.
They pay lots of taxes, don’t get the boomer discount.
No social security for them-boomer sucked it up, and now gets a COLA raise.
Fat cankles Mary just got government sponsored knee replacements, and sold her one NJ house for 750k after she paid 43k for it years ago, got a property tax freeze as well.
She is still bathing in her no longer obtainable pension/healthcare plan, and has plenty of money to sit on a stool pumping fistfuls of dollars into slot machines, then complain she needs more social security money.
Enjoy your pittance of a loan forgiveness, it’s a drop in the bucket compared to what the old goats got over the years. And don’t worry, it’s just piled on the debt pile so you will be paying it back one way or the other, it’s not really a gift, it’s a loan. A real painful one.
I’d also rate his covid death rate as an F as well. He did fantastic things by banning every therapy possible, including ones proven to work like Monoclonal antibodies.
He does get an A+ for ramming through as many spending bills as possible, which is what the purpose of his Manchurian candidacy was in the first place.
The bad cop techniques are now rubbing off on the general public:
https://youtu.be/lnG5F6dsS88?t=47
I’d say they should have called the police, but we just saw a police officer do exactly the same thing in a McDonalds parking lot.
Hahaha.
No white power tweets – A
Not pepper bombing Americans – A
Not calling US Fed chair a Chinese enemy – A
No fraudulent corp accounting – A
No porn star payouts – A
No dictator bl%wjobs – A
No celebrity tweet fights – A
No insane vote machine conspiracies – A
No cop killing insurrections – A
No Apprentice level firing of Cabinet – A
No Rudy Guiliani – A+
Trumps pathetic. On every level.
Oh forgot
Not asking for VP to be hung – A
Not looking like a fool by teenage Tik-tokkers – A
Not killing your black Pizza buddy – A
Not getting impeachment charges every 6 months – A
I don’t miss this nonsense:
https://www.nytimes.com/interactive/2021/01/19/upshot/trump-complete-insult-list.html
..
Sorry but Biden’s blatant disregard for the constitution, individuals rights, the impartiality of the DOJ and the potential for war(potentially Nuclear!) with Russia are far greater concerns than what the Orange dunce did in office for 4 years.
Seriously Trump looks like a Statesman compared to Biden’s boondoggle in Ukraine. Sane democrats are jumping ship just look at Tulsi Gabbard, the dems policies are insane so much so it makes people miss Trump even those who didn’t like him and voted for Biden.
Fat cankles Mary just got government sponsored knee replacements, and sold her one NJ house for 750k after she paid 43k for it years ago, got a property tax freeze as well.
She is still bathing in her no longer obtainable pension/healthcare plan, and has plenty of money to sit on a stool pumping fistfuls of dollars into slot machines, then complain she needs more social security money.
Don’t forget the smoker’s cough and rayon wardrobe stretched around the rotund midsection.
The democrat strategy to win on November 8th:
https://www.youtube.com/watch?v=q_BU5hR9gXE
I think most reasonable people can agree that Hillary, Trump, and Biden were terrible choices for US President. Which says something about both major political parties.
3:37 you seem to not really understand the whole individual rights concept.
Cmon JCer..Tulsi? I live on Fox News and cover for Tucker, Tulsi? That is hilarious. She is an opportunist with easier path as outsider who ‘saw the light’. Really a religious nut who sued Clinton and playing up her R street cred for attacking Kamala in 2020. She has been planning this for years.
5:05 the GOP is so desperate for anyone that can fog a mirror….
Here is the Statesman at work:
Former President Donald Trump signed legal documents describing evidence of election fraud that he knew were false, a federal judge indicated on Wednesday.
U.S. District Court Judge David Carter wrote in an 18-page opinion that emails from attorney John Eastman, an architect of Trump’s last-ditch effort to subvert the 2020 election, needed to be turned over to the Jan. 6 select committee. Those emails, Carter wrote, “show that President Trump knew that the specific numbers of voter fraud were wrong but continued to tout those numbers, both in court and to the public.”
Teachers….
A Sussex County high school teacher was arrested and charged with child endangerment and possession of child of sexual abuse material after he was found with hundreds of photos and videos upskirting students, authorities announced.
Michael F. Wagner, 39, of Hopatcong, was charged with second-degree child endangerment, possession of child sexual abuse material, and invasion of privacy, Acting Sussex County Prosecutor Annmarie Taggart said in a joint release.
The investigation began on Wednesday, Oct. 12, when a teacher at Pope John High School in Sparta overheard several eighth-grade students talking about Wagner, their teacher, who was allegedly recording them during class.
Sparta Police arrived at the school to investigate and found hundreds of photos and videos that Wagner had taken of students while positioning the camera at an angle to record underneath their clothing, authorities said
Crypto Trading Firm NYDIG Lays Off About 33% of Staff
I know two people who left more stable cos. to move here. They were firm who paid Drew Brees and Yanks big bucks to take some salary in Bitcoin.
No dictator bl%wjobs – A
I hear he took bin Salman balls deep.
Biden got it ungreased up the donut hole by Saudis. Not sure which is worse.
What’s interesting…we’re likely to see 4-6% annual inflation for some time. They will talk about targeting 2%. It’s lip service. Our debt to GDP level is too high, they know this, and will slowly steal from savers until it’s manageable.
https://fred.stlouisfed.org/series/GFDEGDQ188S
Cmon JCer..Tulsi? I live on Fox News and cover for Tucker, Tulsi? That is hilarious. She is an opportunist with easier path as outsider who ‘saw the light’. Really a religious nut who sued Clinton and playing up her R street cred for attacking Kamala in 2020. She has been planning this for years.
Care to share your list of preferred Dems?
JCer,
I agree Biden is a disaster for the most part. But I don’t need one hand’s worth of fingers to count the number of politicians that care about the constitution and individual rights. Plus, Biden vs Trump regarding DOJ impartiality and independence? Seriously?
Lastly, I agree with Bystander… Tulsi, and I agree with a lot of what she says, is doing so primarily for attention. She is and will continue to make a lot of money as a media personality. That is all.
I watched Biden’s speech on gas prices today while i was eating lunch. He said something like “I am taking three actions. (1) Releasing 15M barrels of oil from SPR; (2) Making permits easier; (3) imploring oil companies to reinvest in drilling rather than dividends or buybacks – to that end, US will refill SPR at $70/barrel.”
First, I think Biden announcing a price floor (of sorts) at $70/barrel is actually bullish for oil.
Second, really nice television on CNBC because they carried Biden live and had two oil industry guys on. Both were diplomatically saying essentially “Biden and his men do not understand the oil market and they are taking stupid action.”
Third, I am disappointed with how little the R’s are slamming Biden on blocking the Keystone Pipeline. Not seeing it too much in poltiical news coverage on the midterms and not seeing it as central as I thought it would be in national campaign ads. What a symbol – Biden gets in there and immediately shuts it down. And, now, in October 2022 he is PRO-DRILLING or pro-energy infrastructure?!
Similarly, Ro Kanna was leading some of the push against Saudi Arabia lately. Ro Khanna and the green left should be JUMPING FOR JOY WITH RESPECT TO HIGH OIL PRICES – in theory, people will consume less and shift towards renewables. For example, solar panels on your roof have a better rate of return if fossil fuels are more expensive. Will be interesting if any of the green left has the courage to say the high prices are good because it encourages citizens in the West to shift away from fossil fuels.
Biden got it ungreased up the donut hole by Saudis. Not sure which is worse.
Nope. Middle class Americans did.
Biden has plenty of money. He isn’t hurting.
Everyone who doesn’t get to work from home is paying more.
The wealthy never suffer, they only whine and complain.
“Our team is terrified. They feel unsafe. Security guards don’t help because these theft rings know that security guards won’t/can’t stop them,” he added.”
https://www.msn.com/en-us/news/us/ceo-blasts-san-francisco-as-city-of-chaos-closes-store-over-rampant-crime-our-team-is-terrified/ar-AA139dEw?cvid=16f09fbff45a4b07b9fe95feadf2b907
San Fran and L.A. turning into Mogadishu. NYC and Chicago are getting there. Democrat policies at their finest run by the democrat’s finest.
Imploring oil companies to invest, yet promising to “end fossil fuel” and many states and cities talking about banning internal combustion engines.
It’s your ESG wet dream cum true Joe Biden, and oil companies are finally reducing investment in evil oil. Own it you senile crook.
BRT,
No one. I don’t think there are any serious politicians right now. Bernie was probably the last uncompromised D. I have no idea, not the Orange mook or his denier cult. I will admit that Kari Lake is a real dangerous one – well spoken TV character persona, attractive, articulate and batshit. She is as slick as an eskimo’s ass.
Trading fracking and drilling for flaying the earth for metals to make batteries. It’ll be a pity when the Sierra Nevadas look like Algeria. Hey, nobody said going green means looking green.
I will admit that Kari Lake is a real dangerous one – well spoken TV character persona, attractive, articulate and batshit.
Personally that one will never get my vote with a haircut like that.
Karen Lake. 100%
Somewhere there is a video of her fighting over a fast food order. It will come out.
I farted more intelligent thoughts whilst Drumpfing this morning than Gary has had in the last decade.
“The emails show that President Trump knew that the specific numbers of voter fraud were wrong but continued to tout those numbers, both in court and to the public,” the judge wrote.
Carter has previously ruled that Eastman and Trump had likely committed a felony by trying to pressure his then-vice president to obstruct Congress.
The ruling was made in a lawsuit filed by Eastman to block disclosure of the emails to the Jan. 6 select committee, following a congressional subpoena.
Carter has previously ordered Eastman to provide over 200 emails to the committee, after the lawyer resisted the subpoena and claimed that the communications were privileged.
The judge said Wednesday that the vast majority of emails still being sought by congressional investigators should not be handed over, as legal protections given to attorneys and their clients apply to the records.
He said eight emails that would normally be shielded under those protections must be given to the committee, after he found that the communications were in furtherance of a crime — one of the few times those legal safeguards can be lifted.
Carter found that four emails show that Eastman and other lawyers suggested that the “primary goal” of filing lawsuits was to delay Congress’s certification of the 2020 election results.
The judge said four other emails “demonstrate an effort by President Trump and his attorneys to press false claims in federal court for the purpose of delaying the January 6 vote.”
Trump and his allies filed over 60 lawsuits challenging the 2020 election, which Biden won, with some complaints alleging voter fraud without evidence to support those claims. Those cases were overwhelmingly rejected by judges, some of which Trump appointed to the federal courts.
The Jan. 6 select committee last week voted to subpoena Trump in its investigation. It is set to issue a report in the coming weeks on its findings.
Add to that fund raising from a lie. Knowingly deceiving donors.
Tree guys are not be affected by the economy. Having another Ash taken down. I have dropped many in my yard, this one was leaning towards my neighbor so leave it up to the professionals. Plenty of fire wood for the next few years.