Article: Ignoring years of silver price manipulation, Orwellian CFTC now goes after Reddit Apes

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Ignoring years of silver price manipulation, Orwellian CFTC now goes after Reddit Apes

Ronan Manly, Bullion Star, 04 March 2021

On Monday 1 March, an article in Bloomberg Law by CFTC connected lawyers from law firm Clifford Chance revealed that the Commodity Futures Trading Commission (CFTC) is reportedly investigating retail silver trader activity in the silver price and that the US Department of Justice looks set to investigate as well.

Before looking at this shocker of an Orwellian development, it’s helpful to provide some context on the CFTC’s track behavior in this area and to show how hypocritical such a development would be. Continue reading “Article: Ignoring years of silver price manipulation, Orwellian CFTC now goes after Reddit Apes”

Article: Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director”

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Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director”

As if the establishment ignoring Janet Yellen’s clear ties to Citadel wasn’t enough to help you lose faith in the Wall Street swamp this year, we’ll do you one better. Former SEC Chair Jay Clayton has officially been hired by Apollo Global Management, just weeks after stepping down as SEC chair.

Apollo is, of course, the firm whose CEO, Leon Black, was found to have paid child sex offender Jeffrey Epstein $158 million.

Continue reading “Article: Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director””

Article: Hedge funds risk Biden-Era closing of money-laundering loophole

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Author: Kevin Lamarque / Feb 5, 2021

The US has intensified its crackdown on dirty money in recent years, requiring banks, brokerages and mutual funds to monitor clients and report suspicious activity. But investment advisers overseeing trillions of dollars in private equity and hedge funds are exempt from such rules.

https://www.hindustantimes.com/business/hedge-funds-risk-biden-era-closing-of-money-laundering-loophole-101612530413966.html

Subject: Janet L. Yellen

Subject of Interest

Janet L. Yellen took office as chair of the Board of Governors of the Federal Reserve System in February 2014, for a four-year term ending February 3, 2018. Yellen is professor emeritus at the University of California at Berkeley. She served as a member of the Board of Governors until February 1997 and then left the Board to become chair of the Council of Economic Advisers through August 1999. She also chaired the Economic Policy Committee of the Organization for Economic Cooperation and Development from 1997 to 1999. Yellen served as president and chief executive officer of the Federal Reserve Bank of San Francisco (2004–10) as well as vice chair of the Board of Governors (2010-14) before her appointment as chair. Yellen is a member of both the Council on Foreign Relations and the American Academy of Arts and Sciences. She has served as president of the Western Economic Association, vice president of the American Economic Association, and a fellow of the Yale Corporation. She graduated from Brown University with a degree in economics in 1967. She received her doctorate in economics from Yale University in 1971.

Biography

Board of Governors of the Federal Reserve System