Mutiny! Bank runs! Twitter files! It’s a ginormous LinkSwarm full of interesting (and alarming) links!
And I finally get a chance to talk more about the FTX scandal.
The Twitter files revelations continue to roll out. And Democrats aren’t happy that the workings of their thought police apparatus are being unmasked.
As one might expect, the Judiciary hearing on the “weaponization” of federal agencies, featuring Matt Taibbi and Michael Shellenberger as witnesses was full of fireworks, facts, and ad hominem friction.
Out of the gate, Ranking Member Democratic Del. Stacey E. Plaskett labeled the two “so-called journalists” as dangerous and a “threat” to former Twitter employees.
She claimed that Republicans brought “two of Elon Musk’s ‘public scribes'” in “to release cherry-picked out-of-context emails and screenshots designed to promote his chosen narrative – Elon Musk’s chosen narrative – that is now being parroted by the Republicans” for political gain.
“I’m not exaggerating when I say you have called two witnesses who pose a direct threat to people who oppose them,” Plaskett said after the video.
Chairman of the House Judiciary Committee, Republican Rep. Jim Jordan of Ohio, had a simple response to her accusations:
“It’s crazy what you were just saying.”
“You don’t want people to see what happened,” Jordan continued.
“The full video, transparency. You don’t want that, and you don’t want two journalists who have been named personally by the Biden administration, the FTC in a letter. They say they’re here to help and tell their story, and frankly, I think they’re brave individuals for being willing to come after being named in a letter from the Biden FTC.”
Taibbi was having none of it.
Matt Taibbi epic comeback:
"Ranking Member Plaskett, I'm not a 'so-called journalist'. I've won the National Magazine Award, the I.F. Stone Award for Independent Journalism, and I've written 10 books including 4 NYT Best Sellers." pic.twitter.com/crXlWjScEr
— Citizen Free Press (@CitizenFreePres) March 9, 2023
As Glenn Greenwald chimed in from Twitter: “To Democrats, “journalist” means: one who mindlessly and loyally endorses DNC talking points. ”
Unshaken, Matt Taibbi continued, when he was allowed to respond, laid out what he and Shellenberger had found in their research of The Twitter Files:
“The original promise of the Internet was that it might democratize the exchange of information globally. A free internet would overwhelm all attempts to control information flow, its very existence a threat to anti-democratic forms of government everywhere,” Taibbi said.
“What we found in the Files was a sweeping effort to reverse that promise, and use machine learning and other tools to turn the internet into an instrument of censorship and social control. Unfortunately, our own government appears to be playing a lead role.”
Taibbi pointedly added that “effectively, news media became an arm of a state-sponsored thought-policing system.”
“It’s not possible to instantly arrive at truth. It is however becoming technologically possible to instantly define and enforce a political consensus online, which I believe is what we’re looking at.”
Democrats only response to Taibbi and Shellenberger’s facts was to get personal…
Snip.
As we detailed earlier, journalists Matt Taibbi and Michael Shellenberger are testifying before the House Judiciary Committee’s Select Subcommittee on the Weaponization of the Federal Government today. Both journalists were involved in the ‘Twitter Files’ disclosures, in which we learned that the government was directly involved in censoring disfavorable speech.
“Our findings are shocking,” writes Shellenberger at his blog. “A highly-organized network of U.S. government agencies and government contractors has been creating blacklists and pressuring social media companies to censor Americans, often without them knowing it.”
Ahead of the appearance, Taibbi released his prepared remarks. He also dropped a new and related Twitter Files mega-thread on ‘THE CENSORSHIP-INDUSTRIAL COMPLEX’ which will be submitted to the Congressional record which, according to Taibbi, ‘contains some surprises.’
But Twitter was more like a partner to government. With other tech firms it held a regular “industry meeting” with FBI and DHS, and developed a formal system for receiving thousands of content reports from every corner of government: HHS, Treasury, NSA, even local police…
But equally concerning was how those driving The Narrative used NGOs that agreed with them as Arbiters of Truth.
We came to think of this grouping – state agencies like DHS, FBI, or the Global Engagement Center (GEC), along with “NGOs that aren’t academic” and an unexpectedly aggressive partner, commercial news media – as the Censorship-Industrial Complex.
Who’s in the Censorship-Industrial Complex? Twitter in 2020 helpfully compiled a list for a working group set up in 2020. The National Endowment for Democracy, the Atlantic Council’s DFRLab, and Hamilton 68’s creator, the Alliance for Securing Democracy, are key…
Twitter execs weren’t sure about Clemson’s Media Forensics Lab (“too chummy with HPSCI”), and weren’t keen on the Rand Corporation (“too close to USDOD”), but others were deemed just right.
NGOs ideally serve as a check on corporations and the government. Not long ago, most of these institutions viewed themselves that way. Now, intel officials, “researchers,” and executives at firms like Twitter are effectively one team – or Signal group, as it were:
The Woodstock of the Censorship-Industrial Complex came when the Aspen Institute – which receives millions a year from both the State Department and USAID – held a star-studded confab in Aspen in August 2021 to release its final report on “Information Disorder.”
The report was co-authored by Katie Couric and Chris Krebs, the founder of the DHS’s Cybersecurity and Infrastructure Security Agency (CISA). Yoel Roth of Twitter and Nathaniel Gleicher of Facebook were technical advisors. Prince Harry joined Couric as a Commissioner.
Why the fuck is Prince Harry on a committee deciding how free American citizens should be censored?
Their taxpayer-backed conclusions: the state should have total access to data to make searching speech easier, speech offenders should be put in a “holding area,” and government should probably restrict disinformation, “even if it means losing some freedom.”
Snip.
The same agencies (FBI, DHS/CISA, GEC) invite the same “experts” (Thomas Rid, Alex Stamos), funded by the same foundations (Newmark, Omidyar, Knight) trailed by the same reporters (Margaret Sullivan, Molly McKew, Brandy Zadrozny) seemingly to every conference, every panel.
The #TwitterFiles show the principals of this incestuous self-appointed truth squad moving from law enforcement/intelligence to the private sector and back, claiming a special right to do what they say is bad practice for everyone else: be fact-checked only by themselves. While Twitter sometimes pushed back on technical analyses from NGOs about who is and isn’t a “bot,” on subject matter questions like vaccines or elections they instantly defer to sites like Politifact, funded by the same names that fund the NGOs: Koch, Newmark, Knight.
#TwitterFiles repeatedly show media acting as proxy for NGOs, with Twitter bracing for bad headlines if they don’t nix accounts. Here, the Financial Times gives Twitter until end of day to provide a “steer” on whether RFK, Jr. and other vax offenders will be zapped.
Well, you say, so what? Why shouldn’t civil society organizations and reporters work together to boycott “misinformation”? Isn’t that not just an exercise of free speech, but a particularly enlightened form of it?
The difference is, these campaigns are taxpayer-funded. Though the state is supposed to stay out domestic propaganda, the Aspen Institute, Graphika, the Atlantic Council’s DFRLab, New America, and other “anti-disinformation” labs are receiving huge public awards.
Meant to cover this back in February, but FTX founder Sam Bankman-Fried, in additional to all those federal fraud charges, was charged with “12 new counts, including illegally making over 300 political contributions to the tune of tens of millions of dollars through straw donors and using corporate funds.” The overwhelming majority went to Democrats and left-leaning causes. “Bankman-Fried was the second largest individual donor during the 2022 US midterm elections, contributing $39 million to various Democrat causes.” Also: “FTX’s former CEO wanted to give at least $1 million to a pro-LGBTQ political action group, but couldn’t find anyone bisexual or gay at the company whom he trusted, the document said.”
Speaking of Bankman-Fried: “The previously sealed names of two people who co-signed Sam Bankman-Fried’s $250 million bail package have been publicly released. The guarantors were identified in the unredacted bonds as Andreas Paepcke, a Stanford research scientist, and Larry Kramer, former dean of Stanford law school…How the fuck did these Stanford faculty members get so rich as to guarantee that size of a bail?”
Speaking of crypto, Silvergate, a California bank that was a heavy player in the crypto space, is shutting down and liquidating after huge bank runs in the crypto-winter. Want to guess who was a big booster of Silvergate? Would you believe Sam Bankman-Fried?
When China began to require Western corporations to establish Chinese Communist Party (CCP) cells, businesses brushed off the move as benign. For example, when HSBC HBA 0.0% became the first international financial institution at which workers established a Chinese Communist Party cell in its investment banking venture in China in July, the bank stated that the CCP committee does not influence the direction of the firm and has no formal role in its day-to-day activities. But the CCP may have begun to flex its muscle in other ways. This week, the CCP cell inside the Beijing office of Big Four accounting firm EY demanded that party members wear CCP badges at work in the run-up to China’s annual parliamentary meetings.
Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately transferred to the DINB all insured deposits of Silicon Valley Bank.
All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.
Silicon Valley Bank had 17 branches in California and Massachusetts. The main office and all branches of Silicon Valley Bank will reopen on Monday, March 13, 2023. The DINB will maintain Silicon Valley Bank’s normal business hours. Banking activities will resume no later than Monday, March 13, including on-line banking and other services. Silicon Valley Bank’s official checks will continue to clear. Under the Federal Deposit Insurance Act, the FDIC may create a DINB to ensure that customers have continued access to their insured funds.
As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits. At the time of closing, the amount of deposits in excess of the insurance limits was undetermined. The amount of uninsured deposits will be determined once the FDIC obtains additional information from the bank and customers.
SVB was a bank that primarily counted venture capital firms and technology startups as clients. It achieved financial stardom during the COVID-19 pandemic because major cash deposits from the booming firms increased its deposits from $60 billion in the first quarter of 2020 to over $200 billion in December 2022, the Wall Street Journal reported. Its securities portfolio rose from roughly $27 billion in 2020’s first quarter to approximately $127 billion at the end of 2021.
The fact that most of SVB’s assets were seemingly secure — they were mainly longer-term government bonds — led many investors to feel the bank was secure. Those feelings would be dashed in just two days. The bank suddenly announced Wednesday that it needed to raise over $2.2 billion, sending its stock plunging by more than 60% in a matter of days.
The government securities bought by SVB pay a fixed rate, so when market interest rates were raised, a gap began to grow between how much the securities were worth on the open market and what they were valued on the bank’s books. The unrealized losses in SVB’s securities portfolio in December had grown to more than $17 billion, a number expected to grow, as the securities could only be sold at a loss.
Crack the whip: unacceptable because of origins in slavery
Waiter or waitress: server should be used instead
Biological gender, biological sex, biological woman, biological female, biological man, or biological male
Illegal immigrant or illegal alien
Cake walk: “originated during slavery” and thus perpetuates “racist motifs”
In reference to illegal migration: onslaught, tidal wave, flood, inundation, surge, invasion, army, march, sneak and stealth
Anchor baby
Chain migration: this is a term used by “immigration hard-liners”
Peanut gallery: “the cheapest seats often occupied by Black people and people with low incomes”
Third-world countries: too “derogatory”
Oh, it does not end there. Politico reporters are also not allowed to say that a transgender person “identifies as” a certain gender, or describe the current situation at the border as a “crisis.” The guide also warned reporters to make sure not to portray migrants as a “negative, harmful influence.”
Want some more? “Pro-choice” is frowned upon in favor of “abortion rights supporter,” and (of course) “pro-life” is outlawed, with “anti-abortion” taking its place. “Late-term abortion” is also a no-no; reporters are told to use “abortion later in pregnancy.”
College student accused of stealing more than half a million dollars via credit card fraud working part-time at a mall jewelry store where most of the items are under $50. She marked up items, then returned them at the original price and somehow pocketed the difference. She made eight fake transactions totally more than $540,000. As though somehow the store wasn’t going to notice something funny going on.
I’m pro-life but this is stupid. “Texas Lawmaker Looks to Restrict Online Access to Materials Assisting or Facilitating Abortion.” You can’t ban access to information you don’t like, that’s prior restraint and illegal under the U.S. Constitution.
Speaking of violating rights, a judge was suspended for not allowing a defendant access to legal council. Again. The dumbass in question was Kenton County District Judge Ann Ruttle in Kentucky.
Sunday and Monday this week, I gathered up all my dead branches from the ice storm along the curb in advance of Tuesday’s announced neighborhood-wide branch pickup. I know it’s going to take some time, but it’s Friday and I see no signs that brush has been cleared from anyone’s curbs…
He said ESG poses a threat to the American Economy and individual economic freedom, he further said it’s an attempt for corporate’s elite to discriminate against those who do follow a particular “ideological agenda.” His proposal will outlaw this.
“By applying arbitrary ESG financial metrics that serve no one except the companies that created them, elites are circumventing the ballot box to implement a radical ideological agenda. Through this legislation, we will protect the investments of Floridians and the ability of Floridians to participate in the economy,” DeSantis said, at the news conference.
Heh. “Federal District Court Judge Orders Illinois to Show Examples of Every Newly-Banned Firearm.” (Hat tip: Instapundit.)
Maybe they should spend more time on schools instead. “Not A Single Student Can Do Math At Grade Level In 53 Illinois Schools.”
“Judy Monro-Leighton, one of three women who accused now-Justice Brett Kavanaugh of sexual assault, was found to have lied during a congressional investigation and is now being charged with making materially false statements and obstruction.”
Nicaragua’s scumbag commie government sentences Roman Catholic bishop Roland Alvarez to 26 years in prison for “treason” for daring to stand up for Catholics and refusing to be exiled.
What began as a trickle is now a flood: the US government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry. And the administration’s efforts are no secret: they’re expressed plainly in memos, regulatory guidance, and blog posts. However, the breadth of this plan — spanning virtually every financial regulator — as well as its highly coordinated nature, has even the most steely-eyed crypto veterans nervous that crypto businesses might end up completely unbanked, stablecoins may be stranded and unable to manage flows in and out of crypto, and exchanges might be shut off from the banking system entirely. Let’s dig in.
For crypto firms, obtaining access to the onshore banking system has always been a challenge. Even today, crypto startups struggle mightily to get banks, and only a handful of boutiques serve them. This is why stablecoins like Tether found popularity early on: to facilitate fiat settlement where the rails of traditional banking were unavailable. However, in recent weeks, the intensity of efforts to ringfence the entire crypto space and isolate it from the traditional banking system have ratcheted up significantly. Specifically, the Biden administration is now executing what appears to be a coordinated plan that spans multiple agencies to discourage banks from dealing with crypto firms. It applies to both traditional banks who would serve crypto clients, and crypto-first firms aiming to get bank charters. It includes the administration itself, influential members of Congress, the Fed, the FDIC, the OCC, and the DoJ. Here’s a recap of notable events concerning banks and the policy establishment in recent weeks:
On Dec. 6, Senators Elizabeth Warren, John Kennedy, and Roger Marshall send a letter to crypto-friendly bank Silvergate, scolding them for providing services to FTX and Alameda research, and lambasting them for failing to report suspicious activities associated with those clients
On Dec. 7, Signature (among the most active banks serving crypto clients) announces its intent to halve deposits ascribed to crypto clients — in other words, they’ll give customers their money back, then shut down their accounts — drawing its crypto deposits down from $23b at peak to $10b, and to exit its stablecoin business
On Jan. 3, the Fed, the FDIC, and the OCC release a joint statement on the risks to banks engaging with crypto, not explicitly banning banks’ ability to hold crypto or deal with crypto clients, but strongly discouraging them from doing so on a “safety and soundness” basis
On Jan. 9, Metropolitan Commercial Bank (one of the few banks that serve crypto clients) announces a total shutdown of its cryptoasset-related vertical.
More at the link. I’ve long been skeptical of cryptocurrency advocates assertion that crypto provides a useful alternative to government-backed fiat currency. But it sure looks like the federal government is acting like that’s the case…
An important message about eternal truths from well-known biologist Fred Rogers:
TRIGGER WARNING. ⚠️ This is the most upsetting thing you will see all weekend. pic.twitter.com/eVLPZ3J3RI
CRT-pushing commie Angela Davis finds out that one of her ancestors was on the Mayflower.
A British farmer reviews Clarkson’s Farm. He says despite obvious setup bits, a lot of it (like the unexpected catastrophes and intractable town council bureaucracy) rings true.
If I were tracking the 2024 Republican Presidential Primaries the way I tracked the 2020 Democratic Presidential Primaries (I’m not; the Democratic Presidential Clown Car Update was a huge pain in the ass and I don’t have the time to spend on it), Vivek Ramaswamy is exactly the sort of fringe candidate I’d give some time and attention to.
Vivek Ramaswamy, the millionaire entrepreneur and author of Woke, Inc., told National Review on Monday that he is “strongly considering” a run for president and expects to make a decision “very soon.”
Ramaswamy said he’s been drawn to the idea of running to address a “national identity crisis” that has left Americans hungry for purpose, meaning, and identity.
“We are at a point in our national history when the things that used to fill that void — faith, patriotism, hard work, even family — have disappeared,” he said, adding that in its absence, “wokeism, climate-ism as an ideology, radical gender ideology, Covidism” have become secular religions that fill that “black hole of identity.”
Conservatives have gotten too good at pointing out the problem and “trying to stamp out the poison without actually addressing the real problem,” said Ramaswamy, who has been dubbed the “CEO of Anti-Woke Inc.” The solution, he says, is to “fill that identity void with a vision of American national identity that runs so deep, that it dilutes the secular agendas to irrelevance.”
Those such as President Biden who deliver a vision of national unity by beginning in the middle and calling for compromise are doing it wrong, Ramaswamy said. In order to build unity, the country must return to the “extremism of the ideas that set America into motion: free speech, unbridled meritocracy,” he said.
“I think most people believe these ideals and most people think their neighbors and their colleagues believe these ideals to be true as well, but they can’t be sure anymore, because they don’t feel free to talk about it,” he said. “And so that’s been one of the hallmarks for me, is to start talking openly, again, to lead the way by actually doing it.”
Ramaswamy founded biotech company Roivant Sciences in 2014 and served as its CEO until 2021. That year, he published Woke, Inc.: Inside Corporate America’s Social Justice Scam, which says that despite “rosy promises of a better, more diverse, environmentally-friendly world,” stakeholder capitalism “robs us of our money, our voice, and our identity.”
In May 2022, Ramaswamy announced the launch of his new financial firm, Strive, which would focus on “excellence capitalism” rather than encouraging American corporations to get involved in social or environmental issues.
The Ohio-based firm was created to solve what it says is a fiduciary problem created by investment companies such as BlackRock, Vanguard, and State Street, which have used clients’ funds to “exercise decisive influence over nearly every U.S. public company to advance political ideologies that many of their clients disagree with.”
“Over the last two years, I have traveled the country and listened to the concerns of everyday Americans who want to be heard in the places where they shop, work and invest,” Ramaswamy said in a statement at the time. “We want iconic American brands like Disney, Coca-Cola and Exxon, and U.S. tech giants like Twitter, Facebook, Amazon and Google to deliver high-quality products that improve our lives, not controversial political ideologies that divide us. The Big 3 asset managers have fueled this polarizing new trend in corporate America, and that’s why we’re going to compete with them head-on to refocus American companies on the shared pursuit of excellence over politics.”
In September, Ramaswamy published his second book, Nation of Victims: Identity Politics, the Death of Merit, and the Path Back to Excellence.
He told National Review on Monday that he has been working to create a space for open conversations about a return to American ideals in recent years.
“I wasn’t free to speak as an elite CEO or the other environments I had been in, but I purposefully stepped aside from my job as a CEO to make this my mission over the last three years, to start talking openly,” he said.
He wants to “revive the American dream in the 21st-century context,” a vision that is of personal importance to Ramaswamy who has “lived the full arc of the American dream” as a first-generation Indian American. Ramaswamy, who attended Harvard for undergrad before attending Yale Law, is the son of a General Electric engineer and a geriatric psychiatrist.
Another box he checks is “Can self-fund,” as he is reportedly worth $500 million. That’s the sort of money that can easily get you to the finish line…in a senate or governor’s race. As Tom Steyer and Michael Bloomberg proved, spending $50 to $200 million
Is he a better speaker than Steyer or Bloomberg? That’s a pretty low bar, but yes:
That’s the latest video from his YouTube channel. Which, as of this writing, has 44 views.
So you can begin to see the scope of the problem.
Ramaswamy is a guy who might make a serious candidate for a lower-level job, but who wants to run for President as an outsider message candidate. In that sense, he’s a lot like Andrew Yang was for Democrats in 2020. But while Yang’s message was a bit eclectic for Democrats, Ramaswamy’s seems to be a lot closer to the default position for Republicans. It’s hard to see the necessary war against radical social justice being a wedge he can use to calve votes from higher profile and more experienced candidates.
It would be great if there were a Republican candidate in the 2024 Presidential race who was running to destroy wokeness…and who was also a proven elected leader of a large, successful state.
Like, say, Florida.
That’s the sort of candidate a majority of Republicans could get behind…
“Biden’s job growth is mostly immigrants working for low wages.” Also this: “The Department of Homeland Security has been issuing an unknown number of two-year work permits to illegal immigrants, which will keep them in the workforce suppressing wages and fanning the flames of discontent amongst Americans unable to find jobs until the next presidential election.” What the hell?
“Disinformation Inc: State Department bankrolls group secretly blacklisting conservative media.”
The Department of State has funded a deep-pocketed “disinformation” tracking group that is secretly blacklisting and trying to defund conservative media, likely costing the news organizations vital advertising dollars, the Washington Examiner can confirm.
The Global Disinformation Index, a British organization with two affiliated U.S. nonprofit groups, is feeding blacklists to ad companies with the intent of defunding and shutting down websites peddling alleged “disinformation,” the Washington Examiner reported . This same “disinformation” group has received $330,000 from two State Department-backed entities linked to the highest levels of government, raising concerns from First Amendment lawyers and members of Congress.
“Any outfit like that engaged in censorship shouldn’t have any contact with the government because they’re tainted by association with a group that is doing something fundamentally against American values,” Jeffrey Clark, ex-acting head of the Justice Department’s Civil Division, told the Washington Examiner. “The government or any private entity shouldn’t be involved with this entity that’s engaged in conduct that is either legally questionable or at least morally questionable.”
GDI compiles a “dynamic exclusion list” that it feeds to corporate entities, such as the Microsoft -owned advertising company Xandr, emails show. Xandr and other companies are, in turn, declining to place ads on websites that GDI flags as peddling disinformation.
The Washington Examiner revealed on Thursday that it is on this exclusion list. The list includes at least 2,000 websites and has “had a significant impact on the advertising revenue that has gone to those sites,” said GDI’s CEO Clare Melford on a March 2022 podcast.
GDI has identified that the 10 “riskiest” news outlets for disinformation are the American Spectator, Newsmax, the Federalist, the American Conservative, One America News, the Blaze, the Daily Wire, RealClearPolitics, Reason, and the New York Post.
Another huge story that the news media has done it’s best to ignore: a toxic derailment in East Palestine, Ohio. The blew it up to prevent a BLEVE and ended up releasing Phosgene gas. That’s carrying your World War I reenactment too far.
90-year California Democratic Senator old Dianne Feinstein to retire after 2024. But…
A few hour later she was evidently unaware she had retired. Increasingly, “crazy” or “senile” seem to be the two most common flavors of the Democratic Party…
More lawsuits are pouring in against the Biden administration’s recent decision to redefine firearms with pistol braces as short-barrelled rifles (SBR) under the National Firearms Act (NFA), with Texas Attorney General Ken Paxton and Gun Owners of America (GOA) filing a joint lawsuit seeking to block the rule.
The lawsuit, State of Texas v. ATF, was filed in the Federal Southern District Court of Texas on Thursday, joining two other lawsuits filed in federal district courts in Texas. Those include a challenge filed by attorneys with the Wisconsin Institute for Law and Liberty in the Northern District, and a challenge filed in the Eastern District by the Texas Public Policy Foundation (TPPF).
GOA called their lawsuit “the most comprehensive” among those filed, writing, “Our complaint makes clear that the agency’s rule violates the Second Amendment ‘text, history and tradition’ standard set forth by the Supreme Court in its recent Bruen case.” GOA also said their case argues the rule violates several other constitutional provisions, including being an “invalid” exercise of taxing authority.
Paxton also released a statement on the lawsuit, saying he is hopeful they prevail in blocking the rule.
“This is yet another attempt by the Biden Administration to create a workaround to the U.S. Constitution and expand gun registration in America,” Paxton said in the release. “There is absolutely no legal basis for ATF’s haphazard decision to try to change the long-standing classification for stabilizing braces, force registration on Americans, and then throw them in jail for ten years if they don’t quickly comply. This rule is dangerous and unconstitutional, and I’m hopeful that this lawsuit will ensure that it is never allowed to take effect.”
Today, Gun Owners of America (GOA) and the Gun Owners Foundation (GOF) jointly filed a lawsuit challenging the Biden Pistol Brace Ban with Texas Attorney General Ken Paxton. The suit was filed in U.S. District Court for the Southern District of Texas.
This new rule, which took effect on January 31st of this year, will force Americans to register or destroy their approximately 40 million lawfully owned brace firearms within 120 days, or face possible felony charges.
Erich Pratt, GOA’s Senior Vice President, issued the following statement:
“Millions of Americans are facing a very tight deadline to destroy or register their lawfully owned property under this draconian new rule. We hope the court will hear the pleas of gun owners across the country who will be irrevocably harmed by this rule, and GOA stands ready to fight it at every turn.”
Sam Paredes, on behalf of the board for GOF, added:
“This rule will have some of the most wide-reaching impacts nationwide in the tyrannical history of gun control. We the People will not tolerate this abuse.”
Having a state Attorney General join your lawsuit tends to do wonders to establish standing to sue the federal government. Like bump stocks, ATF has decided to retroactively make an entire class of widely-owned firearms accessory illegal, along with turning millions of lawful gun owners into felons for continuing to possess the same accessories they had already lawfully purchased. The composition of the Supreme Court has changed since Gundy v. United States was decided, and the current court may be much more inclined to reign-in delegation of congressional powers to regulatory agencies.
Greetings, and welcome to a Christmas Eve Eve LinkSwarm! It got down to 14°F yesterday, and only up to a balmy 30°F or so today. In addition to trying to stay warm, I’ve been working finishing up my latest Lame Excuse Books catalog, which went out earlier this evening. (Drop me a line if you want a copy.) Due to that, I think I’m going to break this LinkSwarm into two parts.
House passes pork-filled omnibus spending bill that 18 Republican senators let escape the senate. The amount of bad stuff in here will probably require multiple links tomorrow…
Gov. Gavin Newsom, newly inaugurated Los Angeles Mayor Karen Bass and legislative leaders are pledging decisive action on California’s homelessness crisis, which raises a pithy question: Why did it erupt during a period of strong economic growth?
The reasons often offered include a moderate climate, the availability of generous welfare benefits, mental health and drug abuse. However, a lengthy and meticulously sourced article in the current issue of Atlantic magazine demolishes all of those supposed causes.
Rather, the article argues persuasively, California and other left-leaning states tend to have the nation’s most egregious levels of homelessness because they have made it extraordinarily difficult to build enough housing to meet demands.
Author Jerusalem Demsas contends that the progressive politics of California and other states are “largely to blame for the homelessness crisis: A contradiction at the core of liberal ideology has precluded Democratic politicians, who run most of the cities where homelessness is most acute, from addressing the issue.
“Liberals have stated preferences that housing should be affordable, particularly for marginalized groups … But local politicians seeking to protect the interests of incumbent homeowners spawned a web of regulations, laws, and norms that has made blocking the development of new housing pitifully simple.”
Demsas singles out Los Angeles and the San Francisco Bay Area as examples of how environmentalists, architectural preservationists, homeowner groups and left-leaning organizations joined hands to enact a thicket of difficult procedural hurdles that became “veto points” to thwart efforts to build the new housing needed in prosperous “superstar cities.”
While thriving economies drew workers to these regions, their lack of housing manifested itself in soaring rents and home prices that drove those on the lower rungs of the economy into homelessness.
Benjamin Netanyahu manages to form new government in Israel. It only took two months since the election!
Mayor Adler’s legacy in Austin:
I just came home today from a 4 day business trip in Austin. Homeless and drug addicts were everywhere. Girls looked like guys, guys looked like girls. In my hotel last night I was woken 3 times from separate bouts gunfire. What happened to this great city?
For some reason, Democratic Party elites have gone all-in on forcing radical transexism down America’s throats. Fortunately, there are promising signs of widespread resistance to mutilating children for the approval of radical social justice warriors.
A federal court on Friday blocked a Biden administration mandate that would force religious hospitals and doctors to facilitate gender transitions against their sincerely held moral convictions.
The Eighth Circuit U.S. Court of Appeals affirmed a lower court’s decision to block enforcement of the rule on the grounds that “intrusion upon the Catholic Plaintiffs’ exercise of religion is sufficient to show irreparable harm,” the filing reads.
Catholic nuns, clinics, a university, and hospitals were among the plaintiffs in the case, represented by the Becket Fund. The plaintiffs all provide medical care for transgender patients but refuse to provide gender-transition surgeries because they believe them to be harmful. Their grant of permanent injunctive relief from the lower court was preserved Friday.
Friday’s ruling, which originated in North Dakota, is one of a twin set of cases challenging the Biden mandate. The second, which originated in Texas, was decided in August by the Fifth Circuit court, which also permanently blocked the rule. The plaintiffs in the Texas case included Christian medical associations of thousands of doctors who are now protected from federal encroachment into their practices.
“We now have two different federal court of appeals saying the Biden administration is permanently blocked from forcing religious doctors and hospitals” to perform gender transitions in violation of their conscience, Luke Goodrich, attorney with the Becket Fund, said during a call with reporters.
Litigation was first initiated in 2016 over implementation of Section 1557 of the Patient Protection and Affordable Care Act, an antidiscrimination clause that would have compelled religious medical institutions that receive federal funding to perform and cover gender transitions, according to the plaintiffs. Section 1557 prohibits a federally funded or administered health program or activity from denying benefits to an individual on the basis of sex as outlined in Title IX. The Biden administration doubled down on the 2016 principle in a revised rule.
Second, Republican Senator Rand Paul of Kentucky brings the wood.
In an appearance on The Ingraham Angle, Paul raised the issue of doctors carrying out transgender surgeries on children, and the propaganda that has prompted a massive increase in Americans feeling they do not have the ‘right’ body.
“Who is responsible for telling a four-year-old that we need to talk about their gender and whether they’re in the appropriate body?” Paul asked.
“Who’s talking about giving picture books to six-year-olds with illustrations of surgery to remove their genitalia?” the Senator continued.
“It’s Democrat politicians and woke left-wing people,” Paul asserted.
“There’s not one Republican — look, Republicans are not perfect. But Republicans are not pushing your child to have surgery to remove their genitalia as early as elementary school. No Republican is pushing this,” Paul reiterated.
“These are crazy left-wing Democrats. It was also crazy left-wing Democrats who were for the lockdown across America,” Paul continued.
The mad enthusiasm for transexism is going to be as inexplicable to future generations as pet rocks or healing crystals.
Except neither of those trends mutilated children for life.
Governor Ron DeSantis said in his victory speech that, not only did he win the Florida gubernatorial race, but he has also “rewritten the political map.” It is difficult to argue with that assessment. He beat Democrat Charlie Crist by 20 percentage points and flipped Democratic strongholds such as Miami-Dade County.
A particularly potent force in his campaign has been culture-war issues — battles DeSantis won by going on the offensive. “We fight the woke in the legislature,” he said in his speech. “We fight the woke in the schools. We fight the woke in the corporations. We will never, ever surrender to the woke mob. Florida is where woke goes to die.”
As with Trump, DeSantis’s political aggressiveness wins him admirers. The tactics that some conservatives consider morally or philosophically dubious appear only to intensify his popularity.
In March, the Republican Florida legislature passed the Parental Rights in Education Act, preventing teachers from instructing kindergarten through third-grade students in gender identity and sexuality. “I would say when you oppose a parent’s rights and education bill, which prevents six-, seven-, eight-year-olds from having sexuality, gender ideology injected in their curriculum, you are the one that’s waging the culture war,” DeSantis said in defense of the bill. DeSantis also signed the Stop W.O.K.E. (Wrongs to Our Kids and Employees) Act, preventing critical race theory from being promoted or advanced in schools and corporations.
When Walt Disney executives criticized the education law as a “Don’t Say Gay” bill, DeSantis retaliated by questioning whether the corporation’s 50-year-old “independent special district” status should go under “review” to ensure that it is “appropriately serving the public interest.” Charles C. W. Cooke warned about the dangers of this move. Yet, however short-sighted, it was undoubtedly effective culture-war politics. DeSantis’s enemies fell into the trap: Democrats revealed their hypocrisy by rushing to the defense of big business.
DeSantis has also won the PR fight on immigration. His morally dubious decision to fly asylum seekers to Martha’s Vineyard revealed Democrats’ hypocrisy. His hard line on immigration does not dampen support among Hispanics. According to a Telemundo/LX News poll, DeSantis had a 51 percent to 44 percent lead over Crist among Hispanic voters. A bilingual pollster who conducted the survey explained: “There are lots of Hispanic voters in this state who really like the governor’s style, this strongman who won’t back down.”
On transgenderism, DeSantis has been utterly fearless. He stated that, in children, most “dysphoria resolves itself by the time they become adults” and “it’s inappropriate to be doing basically what’s genital mutilation.” While other Republican states have tried to use legislation to stop gender experiments, DeSantis appointed a state medical board that banned doctors from prescribing puberty blockers, hormones, and gender-transition surgeries. This way, his enemies can’t claim that politicians are interfering in the medical profession. Rather, it’s medical professionals keeping politics out of health care.
FTX’s new CEO and liquidator, John Ray III, who also oversaw the unwinding and liquidation of Enron, admits that “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
And just in case his shock at FTX’s fraud of epic proportions was not quite clear enough, he adds that “from compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”
Snip.
Below we excerpt some of the most notable highlights from the affidavit, which we embed at the bottom of the post and which everyone should read to get a sense of just how massive Sam Bankman-Fried’s fraud was.
I have over 40 years of legal and restructuring experience. I have been the Chief Restructuring Officer or Chief Executive Officer in several of the largest corporate failures in history. I have supervised situations involving allegations of criminal activity and malfeasance (Enron). I have supervised situations involving novel financial structures (Enron and Residential Capital) and cross-border asset recovery and maximization (Nortel and Overseas Shipholding). Nearly every situation in which I have been involved has been characterized by defects of some sort in internal controls, regulatory compliance, human resources and systems integrity.
Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.
For purposes of managing the Debtors’ affairs, I have identified four groups of businesses, which I refer to as “Silos.” These Silos include:
(a) a group composed of Debtor West Realm Shires Inc. and its Debtor and non-Debtor subsidiaries (the “WRS Silo”), which includes the businesses known as “FTX US,” “LedgerX,” “FTX US Derivatives,” “FTX US Capital Markets,” and “Embed Clearing,” among other businesses;
(b) a group composed of Debtor Alameda Research LLC and its Debtor subsidiaries (the “Alameda Silo”);
(c) a group composed of Debtor Clifton Bay Investments LLC, Debtor Clifton Bay Investments Ltd., Debtor Island Bay Ventures Inc. and Debtor FTX Ventures Ltd. (the “Ventures Silo”);
(d) a group composed of Debtor FTX Trading Ltd. and its Debtor and non-Debtor subsidiaries (the “Dotcom Silo”), including the exchanges doing business as “FTX.com” and similar exchanges in non-U.S. jurisdictions. These Silos together are referred to by me as the “FTX Group.
Each of the Silos was controlled by Mr. Bankman-Fried. Minority equity interests in the Silos were held by Zixiao “Gary” Wang and Nishad Singh, the co-founders of the business along with Mr. Bankman-Fried. The WRS Silo and Dotcom Silo also have third party equity investors, including investment funds, endowments, sovereign wealth funds and families. To my knowledge, no single investor other than the co-founders owns more than 2% of the equity of any Silo.
Much, much more at the link, including an eye-dropping, deeply incriminating Twitter thread by founder Sam Bankman-Fried about the step-by-step decisions they made that weren’t really illegal because they had such good intentions.
BlackRock’s energetic focus on ESG investing is affecting its bottom line. The index fund’s performance is deteriorating, and risks are accumulating. In the face of this situation, UBS Wealth Management recently downgraded ratings for BlackRock (NYSE: BLK) by now listing it as a “Neutral” recommendation rather than a “Buy.” The bank also cut the target stock price to $585 from $700.
The new recommendations were made based entirely on BlackRock’s reckless ESG positioning. UBS says that stubborn insistence on this course could also trigger increased regulatory inspections and investor withdrawals.
Thus, the company pressuring countless firms to adopt more “woke” positions has suddenly found a boomerang coming in its direction. Investors and analysts are now telling BlackRock that ESG shenanigans are bad business and want it stopped.
Another one of those things that makes you go “Hmmmm“: “The Funeral Business Is Booming (And Not Because Of COVID)…We’re having to do at one point of time 20 percent more funerals which is unheard of…the third quarter of this year, we did 15% more calls than we did in the third quarter of 2019.”
Jay Leno is expected to make a full recovery after getting seriously burned in a gasoline fire from one of his many cars. Conan O’Brien should call him up and go “Jay, when I said ‘die in a fire,’ I meant it figuratively, not literally!”
“This was a close call,” said one Republican leader in Washington. “We were worried that we would achieve massive victories tonight, but we thankfully snatched defeat from the jaws of victory to achieve a much more proper and sensible red trickle, like the proper gentlemen we are.”
Blue cities bleed, more Democrats violating election laws, another Democratic congressional staffer exposed for carrying water for Red China, Elon Musk takes over and immediately starts cleaning house at Twitter, and more transexual lunacy. It’s the Friday LinkSwarm!
As polling continues to show crime is a top issue for voters, the number of homicides has skyrocketed nationwide.
In fact, homicide rates rose by an average of nearly 10% in 50 of the most populated U.S. cities between the third quarter of last year and the third quarter of this year — and are still rising — according to a new study.
WalletHub compared 50 of America’s largest cities based on per capita homicides for the third quarter (July through September) of each year since 2020, using locally published crime data to compile its findings.
According to WalletHub, these were the ten cities with the highest homicide cases per 100,000 residents from July through September:
St. Louis, Mo. (19.69)
Kansas City, Mo. (14.86)
Detroit, Mich. (13.24)
Baltimore, Md. (12.45)
New Orleans, La. (10.99)
Milwaukee, Wisc. (10.46)
Memphis, Tenn. (9.99)
Philadelphia, Pa. (9.36)
Norfolk, Va. (7.78)
Chicago, Ill. (7.71)
The top prosecutors in most of these cities are backed by progressive megadonor George Soros, a billionaire who’s spent the last several years injecting tens of millions of dollars into local district attorney races nationwide, backing candidates who support policies such as abolishing bail, defunding the police, and decriminalizing or deprioritizing certain offenses.
In St. Louis, for example, Circuit Attorney Kimberly Gardner is one of the first prosecutors bankrolled by Soros’ financial network of organizations and affiliates, heavily funded by these sources in 2016 and again in 2020.
Amid high homicide figures, Gardner has declined more cases and issued fewer arrest warrants than her predecessor, charging fewer felonies and prosecuting thousands of fewer cases as a result. She has also deferred prison sentences for misdemeanors and nonviolent felonies as part of her reform initiatives.
Gardner has said this is part of her “platform to reduce the number of cases unnecessarily charged in order to focus on the more difficult cases for trial.”
Last year, Gardner came under fire after three murder cases under her purview were dismissed in one week due to prosecutors in her office not showing up for hearings or being unprepared.
Her campaign website boasts that she’s “made jail and prison a last resort, reserved for those who pose a true public safety risk,” while limiting “the arrest and detention of people accused of misdemeanors and low-level felonies.”
Philadelphia DA Larry Krasner is another Soros-funded prosecutor.
Soros spent almost $1.7 million through the Philadelphia Justice and Public Safety PAC to help Krasner in 2017, pouring more than five times as much money into the race as Krasner himself. Four years later, Krasner received a combined $1.259 million from Soros-funded groups for his reelection.
During his tenure, Krasner has cut the future years of incarceration by half and slashed the length of parole in probation supervision by nearly two-thirds compared to the previous DA. He has also made a priority of not prosecuting people who are illegally in possession of guns unless they hurt or kill people.
The top prosecutors in New Orleans, Milwaukee, Norfolk, and Chicago have also been backed by Soros-linked money. Many of the others are self-described progressive prosecutors.
According to some experts, progressive prosecutors pursuing soft-on-crime policies have contributed to the spike in homicides and other violent crime.
“Prosecutors in most major cities have failed the people they serve by refusing to prosecute criminals, including those charged with violent crimes,” Tristin Kilgallon, associate professor of pre-law and history at the University of Findlay, told WalletHub. “Countless violent crimes have been committed by those who have been released back into the streets due to recent ‘bail reform’ initiatives or by prosecutors who declined to pursue charges.”
“Texas Secretary of State Finds ‘Serious Breaches’ in Harris County 2020 Election Audit. Auditors found multiple chain of custody issues and violations of state and federal law requiring maintenance of records in the state’s largest county.”
Issues found by auditors relate primarily to the county’s extralegal “drive-thru” voting initiated by then-interim County Clerk Chris Hollins.
Auditors found that for at least 14 polling locations the county does not show chain of custody for the Mobile Ballot Boxes (MBB) and that there were multiple MBBs created for some voting locations. Auditors say the MBBs from the polling locations “were not the MBBs ultimately tabulated.” They also note that they have been able to locate some missing MBBs, but have not been given an explanation as to why the originals were not tabulated. Each MBB can hold 9,999 ballots.
Another issue found by auditors is that poll book and provisional voting data provided by the county do not match the number of cast vote records on some of the devices.
Ennis also noted that after upgrading voting systems the county does not appear to have retained “any equipment or computers that provide relevant reports or alternatively, can read the MBBs” from 2020 or recover the cast vote records stored in them as required by both state and federal election codes.
Why, it’s almost like the Democrats running Harris County wanted to commit election fraud…
Speaking of election fraud, Facebook has been fined $25 million for breaking Washington State election law.
According to court documents, King County Superior Court Judge Douglass North found Meta to be in violation of Washington’s political disclosure law 822 separate times between 2019 and 2021 and issued the maximum possible fine for each instance, which totaled up to $30,000 per violation.
Meta was also ordered to “come into full compliance” with the state’s election transparency laws within the next 30 days as well as pay the attorney’s fees for the case, which Ferguson has requested be tripled for a total of $10.5 million. The final total will be decided by North at a later date.
According to The Seattle Times, the state’s election transparency laws, which have been in place since 1972, require ad sellers to “disclose the names and addresses of political buys, the targets of such ads and, the total number of viewers of each ad.” The judge found that Meta had intentionally violated the standards.
Washington Democrat Attorney General Bob Ferguson said “that he had “one word for Facebook’s conduct in this case – arrogance.”
He told the Times, “It intentionally disregarded Washington’s election transparency laws,” Ferguson said. “But that wasn’t enough. Facebook argued in court that those laws should be declared unconstitutional. That’s breathtaking.”
When Pennsylvania Democrats insist that a candidate who suffered a life-threatening stroke in May is recovering well and “has no work restrictions and can work full duty in public office,” that candidate must look and sound fine to prove they’re telling the truth. Last night, in the lone debate in the Pennsylvania Senate race, John Fetterman looked and sounded very, very far from fine. But you can judge for yourself by watching the whole debate here.
I expected Fetterman’s debate performance to be a Rorschach test, with Democrats insisting that he was fine and hand-waving away any problems, and Republicans pointing to every verbal misstep, pause, or oddly worded answer. But by the end of the hour, there was little debate, no pun intended. John Fetterman’s ability to hear, understand, process information, and speak appears to still be severely impacted by his stroke. Perhaps the worst moment of the night came when one of the moderators asked him about a statement he made in 2018 opposing fracking, and how he could square that past stance with his current claim that he always supported fracking. After a long pause, presumably from reading the moderator’s question from the monitor, Fetterman said, “I, I, I do support fracking and . . .” and then for a moment, Fetterman’s head shook, and his mouth moved, but no words came out. Then he picked up again: “I don’t . . . I don’t. I support fracking, and I stand, and I do support fracking.” With everyone watching likely mortified and embarrassed to watch Fetterman struggle to finish the sentence, the moderator mercifully moved on to the next question.
Elon Musk took over Twitter late Thursday and fired company CEO Parag Agrawal, CFO Ned Segal, senior legal representative Vijaya Gadde, and general counsel Sean Edgett.
Musk, the world’s richest man, acquired the social media giant through a $44 billion purchase. He reportedly had until Friday to complete the deal.
In a video tweet that went viral, Musk appeared at Twitter’s corporate offices Wednesday carrying a sink, implying that employees would need to accept that he was now in charge.
This is a good start, but all the people on the Safety and Trust Council need to be fired, and all accounts suspended or banned need to be restored.
Rishi Sunak is the new UK Prime Minister, and Nigel Farage is not impressed:
A House Democratic staffer was fired after her outreach to other congressional aides allegedly on behalf of the Chinese embassy was revealed this week, National Review has learned. After an investigation found that the staffer had acted improperly, her boss, Representative Don Beyer, swiftly removed her.
“Congressman Beyer was totally unaware of these activities prior to being contacted by the House Sergeant At Arms,” Aaron Fritschner, his deputy chief of staff, told National Review in a statement this morning. “As soon as he learned of them, he followed every directive he was given by security officials. The staffer in question is no longer employed by the office of Congressman Beyer.”
Fritschner added that Beyer, who has a hawkish record on China, was “deeply upset” upon learning about the activities of the now-former staffer, Barbara Hamlett.
Cleveland Municipal Court Judge Pinkey Carr, a Democrat, was found to exhibit such misconduct that comprise more than 100 incidents over a period of about two years.
The misconduct “encompassed repeated acts of dishonesty; the blatant and systematic disregard of due process, the law, court orders, and local rules; the disrespectful treatment of court staff and litigants; and the abuse of capias warrants and the court’s contempt power,” stated the court’s per curium opinion. “That misconduct warrants an indefinite suspension from the practice of law.”
