RUTHFULLY YOURS

https://www.nationalreview.com/corner/progressive-democrat-braggs-motivation-in-nakedly-political-indictment-of-trump/

Progressive prosecutor Alvin Bragg’s impending criminal prosecution of Donald Trump is a disgrace, as a matter of due process and good governance. Rich is right that it’s good for Trump’s political fortunes, at least in the short term. We shouldn’t lose sight, though, that it is good for Democratic political fortunes in the long term.

Obviously, Trump does not merit immunity from prosecution just because he is a former president, a current presidential candidate, and an influential political figure with a devoted base of millions. Yet no former president and substantial candidate should be the target of a criminal prosecution, especially by the opposition party, unless the matter is truly serious — unless it would be treated as felony conduct if it were committed by anyone.

Besides Bragg’s investigation, we have carefully covered the pending probes of the former president in connection with his efforts to overturn the 2020 election and his illegal possession of classified documents. Those are extraordinarily serious matters. We can agree or disagree about the legal theories that prosecutors may pursue; and we should watch carefully whether, on the classified documents, Trump is afforded equal protection of the law given that President Biden and former secretary of state Hillary Clinton, among others, have engaged in similar conduct with (so far) impunity. Nevertheless, if Trump were indicted for, say, obstructing Congress on January 6, 2021, or obstructing the grand-jury investigation of his hoarding of secret intelligence at Mar-a-Lago, no one could credibly claim that these were (pardon the pun) trumped-up cases, even if the decision to charge them is politically fraught.

Not so with the Stormy Daniels caper.

Bragg is engaged in bare-naked politics. The case is not merely unworthy as a prosecution of Trump (which is why federal prosecutors walked away from it years ago, as did Bragg before he was pressured by progressive Democrats into reviving it); it is also a case that everyone knows Bragg would never bring against anyone other than Trump. Crime is rampant in New York, in part because Bragg’s default position is leniency and often non-prosecution when it comes to hardened criminals. Here, the case of falsifying business records against Trump (which we’ve analyzed, for example, here, here, here, here, and here) is, at best, a nonviolent misdemeanor that is stale and that could be inflated into a felony only by theories that are legally and factually dubious. This is a classic, invidious selective prosecution. It is being launched strictly for political purposes.

https://www.americanthinker.com/articles/2023/03/calamity_joe_geopolitical_catastrophes_multiply_as_american_power_and_influence_crash_to_new_postwar_lows.html

In only two years, Joe Biden’s presidency has produced multiple catastrophes from which recovery will be difficult, if it is even possible. Domestically, we see the banking system teetering on insolvency, as the rapid escalation in interest rates has devalued long term Treasury notes that used to be considered a safe place for banks to park funds in excess of what could be safely lent. The reason for these Federal Reserve interest rate hikes is the inflation that was immediately triggered by Biden’s jihad against domestica oil, gas, and coal production, that triggered an inflationary spiral that continues today, devaluing the life savings of thrifty Americans, and pushing food and energy costs up so fast that many families have had to drastically reduce their standard of living.

Bad as these catastrophes are, the potential for serious damage to the welfare of the American people from the military and diplomatic policies of the Biden administration is much worse. Losing a war – or even just fighting a nuclear war – makes a mere Depression look like a day at the beach. And make no mistake, the Biden administration is flirting with a nuclear confrontation with Russia that China might well decide to join and eliminate for good the power of the United States to oppose its aims for dominance of the Asia/Pacific region (for starters). Meanwhile, as the potential for an ultimate confrontation increases, resources for America to counter the threat are rapidly diminishing.

Start with the monumental blunder of driving together China and Russia, not necessarily natural allies, indeed with a recent history of serious tension. But now Xi Jinping is about to visit Moscow, and the two are united in opposition to American hegemony. They are joined in the task of replacing the dollar as the world reserve currency by other rising powers of the BRICS.

https://www.americanthinker.com/articles/2023/03/government_tyrants_play_with_fire.html

If Trump is really arrested on Tuesday, it will say something deeply disturbing about the state of our country.

The communist thugs controlling America’s legal system have chosen to cross the Rubicon, it seems.  President Trump says he will be arrested Tuesday now that New York City’s corrupt, Soros-funded district attorney has cooked up some cockamamie criminal indictment against him involving Stormy Daniels — the same political pawn who was already ordered to pay the president 300,000 dollars in legal fees as restitution in a prior case.

If anyone needed further evidence that we reside under a post-constitutional Uniparty regime with utter disdain for the rule of law, add this to the long list of government crimes and usurpations committed against the American people.

No doubt the politicians and their State-controlled agents in the press will actually hail President Trump’s arrest as shimmering validation that “no one is above the law.”  What poppycock!  What glittery abuse of power.  What abominable descent into tyranny!

If Bill and Hillary Clinton had ever been properly charged for their decades-long crime spree involving perjury, rape, investment swindling, real estate scams, stolen White House furniture, Chinese bribery, campaign finance violations, family foundation fraud, mishandling of classified secrets, conspiracy to defraud the United States with the Russia hoax, Epstein-linked prostitution and child-trafficking, or their uncanny proclivity for leaving a trail of dead associates in their wake, their rap sheets would stretch from here to the moon.  Had Barack Obama ever had to properly answer for illicitly using the IRS, EPA, DOJ, FBI, and Intelligence Community to target, harass, and persecute his political opponents or account for his stunning success in using his political office to transition from one of America’s poorest presidents to one of its wealthiest, he and his wife would not so absurdly yet flippantly claim that his presidency was aboveboard and “scandal-free.”  If there were not a two-tier “justice” system that exists only to protect Deep State friends and demolish Uniparty enemies, Joe Biden’s notorious reputation over the last half-century as a bought-and-paid-for stooge of foreign governments and domestic crime syndicates — with a family of drug users and reprobates who profit solely from his politically-protected name — would have at least kept him far from the White House, if not serving time in prison.

Only Donald Trump — the man who donated his salary for serving the American people and who has lost a fortune parrying endless and spurious criminal, civil, and regulatory attacks — finds himself in legal jeopardy, with his life, liberty, and property all on the line.

https://thespectator.com/topic/great-comeuppance-economy-silicon-valley-bank/

You can measure the health of the American republic, or at least its governing institutions, on a weekday-morning Acela train from Washington to New York. It’s too expensive to use for pleasure ($337 if you plan late and are unlucky), too time-consuming (almost three hours for the 225-mile trip) to permit idling in the café car. So the train is always full of strivers, working their cell phones. On Tuesday morning, the phone chitchat was anxious. Even in Washington, where analysts and economists had been working all weekend to contain the collapse of Silicon Valley Bank, the reeling of the financial system when markets opened on Monday caught people by surprise.

It shouldn’t have. The last time bankers ran off with the savings of their compatriots was only fifteen years ago. A lot of people at the time asked: “How could we have been so gullible?” But really, Americans, Englishmen and other finance-dependent peoples had reason to be trusting. The young bankers in all those photos from the time may have looked ridiculous — standing with their backs to the plate-glass windows of a Lehman Brothers conference room to receive their walking papers, or lined up with cardboard boxes to cart their office possessions home. But what strikes us now is that they were so numerous. There were whole skyscrapers full of them, devising their multivariable hocus-pocus and bragging about their sailboats to young women in wine bars after work. Few liked them as a group. But they seemed the product of a real, stable, indispensable service industry. By contrast, whenever SVB has been mentioned in recent days, you see a lot of B-roll of automatic teller machines. You wonder if they have any employees. Whenever the cryptocurrency-focused Signature Bank is mentioned, you see empty shop fronts in malls. You wonder if they have any customers.

https://quadrant.org.au/opinion/money/2023/03/risky-and-risque-banking-business/

” A $100 five-year bond paying 1 percent becomes worth much less than $100 (about $80 I think) if interest rates rise to 5 percent. Thus SVB realised steep losses when forced to sell bonds. Makes no sense unless you’re incompetent, hired to satisfy DEI requirements. Or distracted, occupied by the skin colour and sexual wotnots of you and your colleagues.”

Tucker Carlson of Fox News enjoyed himself the other day (15 March), making fun of the very woke Silicon Valley Bank (SVB). The risk manager of the UK arm of the bank – which sold for £1 to HSBC – described herself as a “queer person of colour from a working class background.” What has that do with banking or risk management, Tucker queried; as he did other woke performances from both SVB and, its fellow failed bank, Signature Bank. Apropos dancing bankers. Apropos a seminar on gender-neutral pronouns hosted by Signature Bank’s president Scott Shay, and featuring Finn Brigham, who identifies as a ”genderqueer trans male.” I can’t define that for you.

I worked in the second half of the 1980s for State Bank Victoria (SBV not SVB) as chief economist. You can’t imagine a set of people less woke. Yet the bank failed in 1991. So it isn’t wokeness per se that brings down a bank. It’s inattention to risk management. However, wokeness, particularly when exhibited in the cause of diversity, equity and inclusion (DEI), surely doesn’t help. It can mean that focus is taken away from the main game. And it can mean that people are employed and promoted on the basis of irrelevant criteria such as skin colour, sex, sexual preference and having gender-bending proclivities.

Risk management is a serious business. In fact you can say it’s the only game in town when it comes to commercial banking. At its core, banking itself requires few skills. Money is accepted on deposit at one rate of interest and then lent at a higher rate. Costs are paid and profit is earned. In normal times, it’s hard to make a mess of that. Thus bankers on the whole are not the brightest kids on the block. They don’t need to be.

A true story. Waiting in line to get the bad news of my redundancy, following the failure of SBV, a fellow executive, older than me and also for the chop, spoke to me in his distress. He told me of his father saying to him, “you’re not that good at schoolwork son, a bank’s the place for you.” He wasn’t at all sure what he would or could do next.

Run of the mill banking is one thing, when it comes to bank risk management, bright people are needed.