Finance Foggle

Bill Pulte Refuses to Reveal Source of Lisa Cook Mortgage Fraud Tip Amid Political Weaponization Claims | FHFA Director's DOJ Referral and Fed Independence Controversy Key Takeaways FHFA Director Bill Pulte  won't disclose who tipped him off about alleged mortgage fraud by Fed Governor Lisa Cook, claiming whistleblower protections . President Trump moved to  fire Cook  based on Pulte's allegations, sparking a legal battle that could determine the Fed's future independence . The case highlights  broader concerns  about political weaponization of government agencies, as Pulte has targeted Democratic figures while ignoring similar allegations against Republicans . Nearly  600 economists  have signed a letter supporting Cook and warning about threats to central bank independence . The CNBC Confrontation: "I'm Not Going to Explain Our Sources" So I watched Bill Pulte's CNBC interview yesterday morning, and damn, this guy was being evasive as hell. The FHFA ...

Equinor's $941M Lifeline: Ørsted Rescue Amid Trump's Offshore Wind Attacks | Energy Crisis Key Takeaways Norway's Equinor is injecting $941 million  into Danish offshore wind giant Ørsted to maintain its 10% stake, despite massive financial losses from U.S. political headwinds . Trump administration's targeted attacks  on offshore wind have caused severe project delays and cancellations, including stop-work orders on nearly completed projects . The offshore wind industry faces massive consolidation  as companies struggle with inflation, supply chain issues, and political uncertainty, leading to abandoned projects worldwide . Equinor's investment represents both a vote of confidence  and a strategic necessity, as the company aims to secure board representation and deeper collaboration with Ørsted . The future of U.S. offshore wind remains uncertain  as companies weigh legal challenges, project restructuring, and potential policy changes against continuing politic...

  Key Takeaways The FCC approved Paramount’s $8 billion sale to Skydance Media by a 2-1 vote, transferring CBS licenses amid political controversy . Paramount paid $16 million to settle Trump’s lawsuit over a  60 Minutes  interview weeks before approval . Skydance agreed to eliminate DEI programs and install a CBS ombudsman to address bias complaints . Critics like FCC Commissioner Anna Gomez called the merger a “cowardly capitulation” threatening press freedom . Stephen Colbert’s show was canceled days after mocking Paramount’s Trump settlement . The FCC’s Landmark Approval Federal regulators greenlit one of Hollywood’s biggest deals yesterday. The FCC voted 2–1 to let Skydance Media buy Paramount Global for $8 billion. That transfer hands CBS’s 28 local TV stations, Paramount Pictures, and networks like Nickelodeon to David Ellison’s Skydance . Chair Brendan Carr emphasized Skydance’s $1.5 billion cash injection would stabilize Paramount’s finances. They’ve been drownin...