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Started By
Message
Feds Investigating Jerome Powell
Posted on 1/11/26 at 6:21 pm
Posted on 1/11/26 at 6:21 pm
LINK
Uh oh
Uh oh
quote:
The investigation, which centers on renovations of the Federal Reserve’s headquarters in Washington, signals an escalation in the long-running clash between President Trump and the chair.
Posted on 1/11/26 at 6:21 pm to TheOcean
2026 trump is operating on another level
Posted on 1/11/26 at 6:22 pm to TheOcean
This is dumb.
Markets will tank tomorrow
Markets will tank tomorrow
This post was edited on 1/11/26 at 6:23 pm
Posted on 1/11/26 at 6:29 pm to HailHailtoMichigan!
quote:
This is dumb. Markets will tank tomorrow
How is it dumb? Why would the markets tank over an investigation into him? Does this investigation change interest rates or monetary policy?
Posted on 1/11/26 at 6:30 pm to HailHailtoMichigan!
quote:
Markets will tank tomorrow
No they won't. I really wish some of you could get away fro this ridiculous notion that rooting out corruption is bad for the markets.
Posted on 1/11/26 at 6:31 pm to HailHailtoMichigan!
quote:
Markets will tank tomorrow
Good, I went to cash a couple of days ago pending the SCOTUS ruling on tariffs. Let it tank before I get back into stocks.
Posted on 1/11/26 at 6:33 pm to HailHailtoMichigan!
He's on his way out anyways
Posted on 1/11/26 at 6:36 pm to TheOcean
quote:
He's on his way out anyways
He can stay on until 2028, term as Chair ends in May.
Posted on 1/11/26 at 6:37 pm to HailHailtoMichigan!
quote:
This is dumb.
Markets will tank tomorrow
frick it then lets just put a Somali in as Fed Chair
Posted on 1/11/26 at 6:45 pm to TheOcean
$2.5 BILLON renovation to Fed DC headquarters was revealed in July of 2025 as DOGE started to look at things.
Note that the Fed is self-funding and most of that money came from interest on securities.
The investigation is whether this is a misallocation of funds and if there were kickbacks (fraud) because DOGE estimated the renovations should be more than 1/2 of that $2.5 billion.
Noting that at least 2 Fed board members have now been prosecuted so there is a 'culture' pervasive in the system.
Note that the Fed is self-funding and most of that money came from interest on securities.
The investigation is whether this is a misallocation of funds and if there were kickbacks (fraud) because DOGE estimated the renovations should be more than 1/2 of that $2.5 billion.
Noting that at least 2 Fed board members have now been prosecuted so there is a 'culture' pervasive in the system.
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