10/03/2017

WTF News for March 10, 2017: The U.S. has a Department of Environmental Justice

by John Galt March 10, 2017 18:00 ET Again, for those not paying attention, just WTF. From TheHill yesterday: EPA’s environmental justice head resigns OK, before I excerpt from this shocking piece of news, I ask again, WTF? I understand that “poor minorities” can’t go lawsuit happy and defend themselves like us wealthy white folk (anyone who earns over $30,000/year and works). But I thought that the Sierra Club, PETA, and ACLU along with all those other lawsuit happy lunatics provided cover so they could fund their money laundering operations for…


The SEC Crashes Bitcoin $300 After Declining ETF Application

by John Galt March 10, 2017 17:00 ET The Securities and Exchange Commission voted today and for the invisible currency you can not hold in your hand, well, not so good (from Forbes): SEC Rejects Winklevoss Bitcoin ETF, Sending Price Tumbling Excerpted: In its statement, the SEC stated, “the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent…


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