Author: adler

  • JUST IN: POLICE SCANNER NAMES Louisville, KY, Man Connor Sturgeon as Mass Shooter – Former Employee Killed 4 People, Sent 8 People to Hospital… Alleged Pro-Gun-Control Father Locks Down Twitter Account [AUDIO]

    JUST IN: POLICE SCANNER NAMES Louisville, KY, Man Connor Sturgeon as Mass Shooter – Former Employee Killed 4 People, Sent 8 People to Hospital… Alleged Pro-Gun-Control Father Locks Down Twitter Account [AUDIO]

    Earlier this morning, we reported on an active shooter in downtown Louisville, KY, who killed 4 people and sent 8 individuals to the hospital.
    The Deputy Chief Humphrey of the Louisville Metro Police Department has just shared that the shooter appears to be a former employee of the bank. He also shared that one of the individuals is a police officer who is currently undergoing surgery in the hospital and is in critical condition.

    BREAKING: Authorities provide update: The gunman dead, four more people dead, six other people injured, at least two cops shot, after a mass shooting at a bank in downtown Louisville, Kentucky, on Monday morning. In all, five people dead, including the gunman, 8 people being… pic.twitter.com/cn3WuCYZPK
    — Simon Ateba (@simonateba) April 10, 2023

    100 Percent Fed Up reports – According to ABC News Live, the shooting took place on the bank’s first floor in the conference, calling it a “classic case of workplace violence.”

    .@ABC Senior Investigative Reporter @aaronkatersky has more on the shooting at a bank in Louisville, KY, which he says appears to be:
    “A classic case of workplace violence. The shooter had a known connection to the bank, possibly a former employee.” pic.twitter.com/3c93pPlUuz
    — ABC News Live (@ABCNewsLive) April 10, 2023

    A witness who was inside the building told WHAS11 they saw a man with a “long assault rifle” fire multiple shots inside the bank on the first floor, near the conference room area.
    “He just started firing,” he said. “I didn’t see his face. We were in the conference room. Whoever was next to me got shot; their blood’s on me.”
    Another witness, who works in an office building facing the bank, said the shooter and law enforcement officers got into a “shootout.” They said civilians were being carried out.
    Reporter Karol Markowicz, named the alleged shooter earlier today as 25-year-old Connor Sturgeon,  a recently fired employee of the Old National Bank where the shooting occurred. We waited to have confirmation on his identity before we published the alleged murderer’s name.

    News: The Louisville shooter is a 25-year old named Connor Sturgeon. I’m told he was an employee at the bank.
    — Karol Markowicz (@karol) April 10, 2023

    The LinkedIn account of Connor Sturgeon has also been shared on Twitter. Next to his name, the words “He/Him” appear, indicating that he has bought into the leftist narrative that your biological sex is irrelevant and that it’s up to the individual to identify themselves by using their choice of pronouns.
    Conservative personality Collin Rugg shared a screenshot:
    Sebastian Gorka shared an image of the screenshot from LinkedIn showing the alleged killer’s pronouns listed next to his name:

    BREAKING:
    Louisville shooter ID-ed:
    Connor Sturgeon.
    Bank employee.
    Proudly displaying his “pronouns” online. #RedFlag pic.twitter.com/8eX5H1KnK7
    — Sebastian Gorka DrG (@SebGorka) April 10, 2023

    There are several unconfirmed reports circulating around on social media claiming that Connor Sturgeon was supposed to be fired this morning and was reportedly suicidal as he texted to friends that he was “gonna shoot up” the bank and live-streamed the shootings on Instagram:

    On Facebook reportedly #ConnorSturgeon had a meeting this morning at @Old_National where he was to be fired! @jdbalart
    he text a friend he was suicidal & “gonna shoot up” the bank & he was on IG live@KenDilanianNBC @FrankFigliuzzi1 @NicolleDWallace @JohnBerman #kentucky pic.twitter.com/mEaIgvV7f8
    — ͲᎡᎪᏟᎬᎽBS,RN☤MSN RACIST’s have CO-OPTED WOKE (@TeeBern) April 10, 2023

    Sebastian Gorka also claims Sturgeon’s social media accounts are being wiped clean, but he was able to share screenshots that are allegedly from his Reddit account that reveals he was not a fan of President Trump and that he was happy about the COVID lockdowns, sharing a message that said, “Finally, an excuse to stay home without being a bad person.”

    They’re already wiping, #ConnorSturgeon, the #Louisville mass-murderer’s social media accounts.
    These were the anti-Trumpand pro-lockdown posts on a Reddit under an account with the same name at his already nuked Twitter account.
    Another Democrat killer.
    (Credit Andy S.) pic.twitter.com/V2Nuvom7Qt
    — Sebastian Gorka DrG (@SebGorka) April 10, 2023

    Another Twitter account posted an image he claimed was a message his cousin sent him revealing a conversation the killer had with a group before murdering innocent people at the Old National Bank, where he was reportedly fired:

    My cousins friend knew him he posted these on his IG story this morning before it was deleted pic.twitter.com/sFmdIEKNp3
    — mr. cold cut combo (@K2SpiceNetwork) April 10, 2023

    The Louisville Police Scanner identifies the shooter as “25-yr-old Connor Sturgeon,” says he’s a “6foot-4 inch tall white male,” and that he left a voicemail for a friend last night saying he was going to ‘Kill everyone at the bank” because “he was feeling suicidal.”

    There have been no reports about the friend Sturgeon allegedly leaving a voicemail for last night or no new reports as to why his “friend” never bothered to contact authorities to inform them of Sturgeon’s plans.
    According to Heavy – The mother and brother of the shooter approached police at the scene outside of the bank, a police officer told the dispatcher on the scanner audio obtained by Heavy. The responding officers described a chaotic scene, with an “officer down right in front of the bank.” The responding officers reported hearing shots fired as they arrived. At one point during the audio, shots can be heard in the background.
    Todd Sturgeon, who is Connor Sturgeon’s dad, was also his high school basketball coach and was very vocal in his calls for lawmakers to enact gun control.
    Todd Sturgeon became the coach at Floyd Central in 2014, according to the Louisville Courier-Journal. Todd Sturgeon previously coached at the University of Indianapolis. According to the Courier-Journal, Sturgeon was a 6 foot 4 sophomore at the high school when his father took the job. His younger brother was in middle school at the time.
    Sturgeon’s father retweeted a video of San Antonio Spurs coach Greg Popovich talking about gun control just hours before the shooting in Louisville. Todd Sturgeon retweeted a video clip from reporter Tom Orsborn with the caption, “Pop used final 10 minutes of his pre-game presser to slam ‘cowardly, oblivious legislators’ for their inaction on gun control in wake of the mass shootings that have plagued America. Their inaction, he said, has contributed to making the U.S. the ‘laughingstock’ of the world.”

    Pop used final 10 minutes of his pre-game presser to slam “cowardly, oblivious legislators” for their inaction on gun control in wake of the mass shootings that have plagued America. Their inaction, he said, has contributed to making the U.S. the “laughingstock” of the world.. pic.twitter.com/qIXZIDIyp3
    — Tom Orsborn (@tom_orsborn) April 9, 2023

    Sturgeon was featured in several articles written about high sports he played in high school.

    Todd Sturgeon’s Twitter account has now been locked down:

    Heavy claims Todd Sturgeon reposted a video of
     
    Videos of the emergency situation were being shared on social media:

    BREAKING NEWS: Police say there is an active shooter situation in Louisville, Kentucky and there are “multiple casualties.”
    The Louisville Metro Police say there is an “active aggressor” near the city’s downtown baseball stadium. pic.twitter.com/dQiLoGNo6G
    — CBS Mornings (@CBSMornings) April 10, 2023

    Local reporter Dalton Godbey shared two videos on Twitter showing police officers clearing traffic from the road near the incident.

    Video from a witness shows a chaotic scene at Old National Bank in downtown Louisville.
    “Active shooter at the bank” an officer screams as multiple gunshots are fired on the background.
    The details emerging from this are very grim. pic.twitter.com/Ax3Gc5imNg
    — Dalton Godbey (@DaltonTVNews) April 10, 2023

    According to the New York Post – Police have confirmed “multiple casualties” after an active shooting broke out in Louisville, Kentucky, Monday morning.
    The Louisville Metro Police Department reported an “active aggressor” in the city’s downtown area — near Slugger Field — shortly before 9 am.
    “We are confirming reports of an active aggressor in the 300 block of East Main. Please stay out of the area. There are multiple casualties,” police said.
    Witnesses told WHAS11 they saw a man with a “long gun” fire several shots inside the Old National Bank.
    Here is the LIVE press conference with updates from the Louisville Metro Police Department.

    Humphrey says the active shooter was dead upon police arrival.
    5 people are dead, 6 transported to the hospital – including an officer with various injuries.
    No active danger to the public at this time@LMPD will be answering questions at another update at 11:30 @WHAS11 pic.twitter.com/HBOf3Mdz3o
    — Isaiah Kim-Martinez (@isaiah_km) April 10, 2023

    We will continue to update this story.
    The post JUST IN: POLICE SCANNER NAMES Louisville, KY, Man Connor Sturgeon as Mass Shooter – Former Employee Killed 4 People, Sent 8 People to Hospital… Alleged Pro-Gun-Control Father Locks Down Twitter Account [AUDIO] appeared first on The Gateway Pundit.

  • Jim Jordan: FBI Is Infiltrating Catholic Parishes – Agents Engaging in Outreach with Catholic Clergy to Inform on Americans Practicing Their Christian Faith

    Jim Jordan: FBI Is Infiltrating Catholic Parishes – Agents Engaging in Outreach with Catholic Clergy to Inform on Americans Practicing Their Christian Faith

    This changes everything. This is what happens in China not the US!
    Chris Wray’s FBI is now infiltrating Catholic parishes. 
    The FBI agents are engaging in outreach to Catholic leaders to spy on Americans practicing their Christian faith.
    This is an earth-shattering development in the US intelligence community.  We already knew the FBI-DOJ was targeting traditional Catholics.  Now we have evidence they are infiltrating Catholic parishes.
    Chris Wray’s FBI sent out a memo warning agents of the dangerous ‘radical traditionalist Catholic ideology’ that was gaining popularity in the country. The memo was posted at UncoverDC.com by former FBI special agent Kyle Seraphin.
    Seraphin last year was suspended indefinitely from the FBI without pay after stepping forward as a whistleblower and alleging that the FBI is trying to hide how many man-hours they used on the Jan 6th investigation. Seraphin had worked at the FBI’s Richmond office for six years.
    Now the FBI is infiltrating Catholic parishes!
    Dear God, what has happened to our beloved freedoms?  What has happened to our country?
    Chairman Jim Jordan of the House Judiciary Committee published the letter he wrote to FBI Chief Chris Wray earlier today.

    #BREAKING: We now know the FBI, relying on information derived from at least one employee, sought to use local religious organizations as “new avenues for tripwire and source development.” pic.twitter.com/97veIGtvq4
    — Weaponization Committee (@Weaponization) April 10, 2023

    Here is the full letter.
    page 1

    page 2

    page 3

    The post Jim Jordan: FBI Is Infiltrating Catholic Parishes – Agents Engaging in Outreach with Catholic Clergy to Inform on Americans Practicing Their Christian Faith appeared first on The Gateway Pundit.

  • The Next Generation Of MyPillow: Two Best-Loved Products Get Major Updates

    The Next Generation Of MyPillow: Two Best-Loved Products Get Major Updates

    When stores kicked out Mike Lindell’s MyPillow for questioning election fraud, a lot of entrepreneurs would have closed shop.
    But not Mike Lindell.
    Not only did Mike keep going – he also kept innovating and updating!
    Mike just introduced new versions of two of his best-loved products:
    — MyPillow 2.0
    — MyMattress Topper 2.0
    Click here to see both – to grab the best deals, use promo code TGP at checkout (plus, Gateway Pundit benefits from your purchase).

    What makes the new MyPillow 2.0 so special?
    Watch Mike talk about it here:
    !function(r,u,m,b,l,e){r._Rumble=b,r[b]||(r[b]=function(){(r[b]._=r[b]._||[]).push(arguments);if(r[b]._.length==1){l=u.createElement(m),e=u.getElementsByTagName(m)[0],l.async=1,l.src=”https://rumble.com/embedJS/u5o49d”+(arguments[1].video?’.’+arguments[1].video:”)+”/?url=”+encodeURIComponent(location.href)+”&args=”+encodeURIComponent(JSON.stringify([].slice.apply(arguments))),e.parentNode.insertBefore(l,e)}})}(window, document, “script”, “Rumble”);

    Rumble(“play”, {“video”:”v257wgi”,”div”:”rumble_v257wgi”});
    To get the two-for-one deal, use promo code TGP here!
    The MyPillow 2.0 has brand NEW temperature-regulating technology keeps you comfortable throughout the night!
    The new technology:

    Dissipates heat and humidity to create a cooling sensation to maintain a cooler surface temperature.

    Helps regulate your body temperature through the night by creating a lower surface temperature for a more restful night sleep.

    Makes it so the properties last the life of the pillow — because it is a fiber, not a finish.

    MyPillow 2.0 comes with a 60-day money back guarantee, so get a bunch!
    Click here to get yours today!

    Plus, Mike just introduced MyMattress Topper 2.0!
    When you add the right mattress topper, you’ll keep your hips, spine, and shoulders supported. And if you need to change it, it’s easy and low-cost!
    Imagine waking up pain-free!
    People are saying:

    “It is a great balance of firmness and softness. It is very comfortable and improved my sleep comfort the first night.”
    “The best mattress topper – very comfortable and doesn’t slide off the bed. If you want comfort and good body temperature, I recommend this coil mattress topper.”
    “Turned my 12 yr old sleep number mattress into a super comfortable, soft, supporting mattress! Saved me from having to buy a whole new mattress for my aging bones.”

    Now, get 40% off MyPillow’s new Mattress Topper 2.0 with promo code TGP!

    The new MyPillow Mattress Topper 2.0 has:
    – 2″ 1.8 lb Density, 20 ILD Premium Comfort Foam
    – 1″ Support + Comfort Layer: NanoCoil® Edge with Center Zone for Active Support & Cooler Sleep
    – Upcycled steel micro-coils provide enhanced air circulation, contouring comfort, responsive support, and superior durability.
    – NanoCoils® deliver a dynamic response to natural body movements providing the support needed for deep, relaxing sleep
    – Innersprings transfer heat 28% more efficiently than foam and are cooler on initial contact. Features ActivEdge and Center Zoning for additional perimeter and targeted zonal support.
    – And much more!
    Click here to order yours today – use promo code TGP to get the discount!

    Click here to see more – use promo code TGP to get 40% off!
    When you get to the MyPillow website, look for this box at the top of the page:

    Put TGP where it says “ENTER PROMO CODE HERE” and hit “CONFIRM” to get the discount.
    Enjoy a wonderful night of sleep!
    Order by clicking here!
    The post The Next Generation Of MyPillow: Two Best-Loved Products Get Major Updates appeared first on The Gateway Pundit.

  • Sgt. Daniel Perry’s Sentencing Scheduled for Tuesday Morning as Texas Gov Abbott Requests Pardon

    Sgt. Daniel Perry’s Sentencing Scheduled for Tuesday Morning as Texas Gov Abbott Requests Pardon

    Sgt Daniel Perry
    Sgt. Daniel Perry’s sentencing is scheduled for Tuesday morning as Texas Governor Abbott vows to request a pardon from the Board of Pardons and Paroles.
    Perry is facing 5 to 99 years in prison for shooting a BLM-Antifa protester in self defense.

    JUST IN: Daniel Perry’s sentencing will take place Tuesday at 9:15 am. On Friday, a jury found him guilty of murder for killing Black Lives Matter protester Garrett Foster. He faces 5 to 99 years in prison. @fox7austin
    — Amanda Ruiz (@AmandaRuizFOX7) April 10, 2023

    Sgt. Daniel Perry was found guilty of murder on Friday after Soros-backed District Attorney Jose Garza sought murder charges for an act of self defense during the 2020 George Floyd riots.
    Texas AG Ken Paxton slammed the Soros prosecutor after Governor Abbott refused appear on Tucker Carlson’s show to speak on the case.
    Sgt. Daniel Perry, an army soldier who shot and killed an armed BLM-Antifa protester in Austin in July 2020 was indicted on a murder charge in 2021.
    Perry’s lawyer, Clint Broden, argued his client, who was driving Uber when rioters mobbed his car, was acting in self-defense after the BLM activist, Garrett Foster pointed a gun at him.
    “It is important to note that the standard of proof required for an indictment is significantly less than the standard of proof required for a conviction,” Perry’s lawyer said in statement said.
    Shortly before he was shot dead, Garrett Foster was seen on video explaining he brought an AK-47 to deal with the “pussies” who oppose him.
    WATCH:

    Assault-weapon-wielding #GarrettFoster who was shot in Austin, last night, explaining why he had an AK-47 to deal with “p—ies” who oppose him. #austinprotests pic.twitter.com/3OaZqHoray
    — Antifa Stats (@antifastats) July 26, 2020

    A still frame from footage of the incident appears to show Foster in a posture that looks like he was pointing a weapon at the driver.

    Texas Governor Greg Abbott on Friday said he is working swiftly as the state law allows regarding the pardon of Sgt. Perry.
    “Texas has one of the strongest “Stand Your Ground” laws of self-defense that cannot be nullified by a jury of a progressive District Attorney,” Abbott said.

    I am working as swiftly as Texas law allows regarding the pardon of Sgt. Perry. pic.twitter.com/HydwdzneMU
    — Greg Abbott (@GregAbbott_TX) April 8, 2023

    Abbott’s pardon authority is limited to only act on a recommendation by the Board of Pardons and Paroles.
    It is unclear how long this process will take.
    ““The board will be commencing that investigation immediately” and will report to the governor with recommendations when it’s done, board spokesperson Rachel Alderete said Monday. The board didn’t immediately say how long the inquiry could take or whether an appeal process is required ahead of a recommendation.” CNN reported.
    The post Sgt. Daniel Perry’s Sentencing Scheduled for Tuesday Morning as Texas Gov Abbott Requests Pardon appeared first on The Gateway Pundit.

  • BIDEN ECONOMY: Commercial Real Estate Market Is Getting Crushed – Some of the Best Properties Are Selling at a 36% Discount

    BIDEN ECONOMY: Commercial Real Estate Market Is Getting Crushed – Some of the Best Properties Are Selling at a 36% Discount

    The Biden economy is performing as expected – huge spending leads to record-high inflation which leads to increased rates which leads to banks failing and Americans losing their hard-earned money.  Now the commercial real estate segment in the economy is falling apart. 
    The beginning of the end of the Biden economy is here.  Americans are suffering under record inflation, increased lending rates, and ultimately banks failing.  Now the banks have to contend with the commercial real estate collapse in historic proportions.
    The best commercial real estate is rated class A.  This is the best commercial real estate that is expected to maintain its value and more likely grow in value.  But this isn’t happening in the Biden-Obama economy.
    One example is a pair of class-A office towers in California that recently sold at a 36% discount.

    A scary story:
    – Blackstone buys these in 2014
    – Class A office towers in Cali
    – Sold days ago at 36% discount
    If this is happening with Class A office in Santa Ana, what’s next for Class B/C… pic.twitter.com/C4dEGD9qG1
    — Aleksey Chernobelskiy (@chernobelskiy) April 9, 2023

    An article on the sale notes the occupants in the Towers which include, ironically, the Ayn Rand Institute.
    A Blackstone spokesperson declined to comment. The towers were built in 1987 at 5 and 6 Hutton Centre Drive, and tenants include UKG, Michael Baker International, Psomas, Nations Direct Mortgage, HNTB and the Ayn Rand Institute. The property includes a fitness center and six-story parking structure near John Wayne Airport, and the 55 and 405 freeways.
    The recent decline in tenant demand and overall market uncertainty has been significantly detrimental to the region’s office properties. Orange County’s vacancy rate reached an 11-year high of 17.7 percent in the first quarter, with Class A vacancy at 22.8 percent, according to a Newmark report. Indeed, in the office park next door, LaSalle sold an office building for $24.9 million, or 55 percent less than what the firm bought it for in 2019, according to reports.
    Commercial property was crushed under COVID work policies.  Many Americans were forced to work at home and the companies that did this realized that their big office towers may not be as necessary as in the past.
    This along with fast-rising interest rates in the Biden economy are crushing this market segment.
    This is the result of the Biden economy.  No more lies from the left. 
    The post BIDEN ECONOMY: Commercial Real Estate Market Is Getting Crushed – Some of the Best Properties Are Selling at a 36% Discount appeared first on The Gateway Pundit.

  • MULTIPLE Suspects At Large After Separate Shooting Incident Outside Community College In Louisville Killed One Injured Another

    MULTIPLE Suspects At Large After Separate Shooting Incident Outside Community College In Louisville Killed One Injured Another

    Earlier this morning, we reported on a tragic shooting inside the Old National Bank in downtown Louisville, KY.

    Four individuals were killed, and eight more have been taken to the hospital. One of the injured who was taken to the hospital is a Louisville Metro Police Officer, and he is in critical condition. The shooter was killed by police.
    Please pray for all of the victims.

    BREAKING: Authorities provide update: The gunman dead, four more people dead, six other people injured, at least two cops shot, after a mass shooting at a bank in downtown Louisville, Kentucky, on Monday morning. In all, five people dead, including the gunman, 8 people being… pic.twitter.com/cn3WuCYZPK
    — Simon Ateba (@simonateba) April 10, 2023

    100 Percent Fed Up reports – Only moments after the shooting at the Old National Bank in Louisville, Louisville Metro Police confirmed ANOTHER shooting had taken place outside of Jefferson Community & Technical College just blocks from the mass shooting scene.
    The Louisville Metro Police Department tweeted:
    “There is NO active aggressor at JCTC at 8th and Chestnut streets,” they tweeted, adding, “The suspects have fled.”
    Only moments ago, Louisville Metro Police Department tweeted that there was a shooting outside near the Greyhound Bus station on W. Ali at the Jefferson Community and Technical College. Prior to arriving on the scene,  the suspect had already fled.

    We are confirming the shooting at 8th and Chestnut was outside JCTC. The suspects fled. Again, no active shooter at JCTC
    — LMPD (@LMPD) April 10, 2023

    The LMPD is reporting that Major Russ Miller will be addressing the media at the Greyhound Bus station where the alleged shooting took place.

    Major Russ Miller will address the media at Greyhound shortly.
    — LMPD (@LMPD) April 10, 2023

    UPDATE: Police are reporting that there are multiple suspects at large following the shooting in Louisville, KY, outside of the Jefferson Community College that left one unidentified male dead and another wounded.
    Louisville’s Jefferson Community and Technical College has closed for the day out of respect for the dead:

    Out of reverence for those involved in shootings that have occurred today, all campuses will close at 12:00. Technical campus is on lockdown. No active aggressor. We can confirm there was a shooting outside of Tech A. Following police protocol, campus will stay on lockdown. pic.twitter.com/jTH6OCmrvS
    — Jefferson JCTC (@Jefferson_JCTC) April 10, 2023

    Fox News reports – Russel said the Homicide Unit is investigating and working on getting video from the school to help identify the suspects.
    The incident was unrelated to the shooting that occurred hours earlier at an Old National Bank location in the city, Miller said. Five people were killed – including the gunman – and eight others were injured in that incident.
    We will continue to update this developing story.
    The post MULTIPLE Suspects At Large After Separate Shooting Incident Outside Community College In Louisville Killed One Injured Another appeared first on The Gateway Pundit.

  • The Employees of Silicon Valley Bank Were Given Annual Bonuses Hours Before the Bank Was Taken Over by Regulators

    The Employees of Silicon Valley Bank Were Given Annual Bonuses Hours Before the Bank Was Taken Over by Regulators

    The employees of the failed Silicon Valley Bank were given their annual bonuses only hours before the bank failed and was taken over by regulators. 
    TGP reported on the failed Silicon Valley Bank on Friday.  This bank is used by numerous startups and tech companies in Silicon Valley.  It’s the largest bank to fail since Washington Mutual in 2008.
    We learned that the top executives in the bank sold their stock weeks before the crash.  This appears to be based on insider information and therefore illegal.
    TOP EXECUTIVES with Silicon Valley Bank Sold Their Shares Weeks Before Crash – Investors Tried to Pull $42 Billion on Thursday before Bank Failed on Friday

    CNBC reported yesterday that hours before the bank failed, the bank paid its employees their annual bonuses:
    Silicon Valley Bank employees received their annual bonuses Friday just hours before regulators seized the failing bank, according to people with knowledge of the payments.
    The Santa Clara, California-based bank has historically paid employee bonuses on the second Friday of March, said the people, who declined to be identified speaking about the awards. The payments were for work done in 2022 and had been in process days before the bank’s collapse, the sources said.

    These actions don’t appear to be ethical or legal.  This is not good and these managerial decisions are an indication of why the bank might have gone under.   

    The post The Employees of Silicon Valley Bank Were Given Annual Bonuses Hours Before the Bank Was Taken Over by Regulators appeared first on The Gateway Pundit.

  • HERE WE GO: FDIC and Federal Reserve Discuss Creating Fund to Backstop Deposits if More Banks Collapse

    HERE WE GO: FDIC and Federal Reserve Discuss Creating Fund to Backstop Deposits if More Banks Collapse

    The Federal Deposit Insurance Corp. (FDIC) and Federal Reserve are discussing creating a fund to backstop deposits if more banks fail following the collapse of Silicon Valley Bank.
    Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 liquidity crisis.
    Silicon Valley Bank reportedly held $173 billion in deposits.
    The Fed interest rate is at 4.57% and $117 billion of Silicon Valley Bank securities are yielding only 1.56-1.66% – this is causing a run on the bank.
    By Friday Silicon Valley Bank was in FDIC receivership.
    The Federal Reserve caused the run on the bank by raising interest rates seven times in 2022.
    2022’s rate hikes totaling 450 basis points is causing problems for bankers because investors want to move their money into higher-yield bonds.
    After creating the problem in the first place, the Federal Reserve is now discussing a new vehicle that would allow regulators to backstop deposits if more banks were to collapse.
    Bloomberg News reported:
    The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow the regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse.
    Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be identified because the talks weren’t public.
    The vehicle is part of the agency’s contingency planning as panic spreads about the health of banks focused on the venture capital and startup communities.

    The Silicon Valley Bank failure may not be the only bank to fail.
    First Republic’s stock on Friday tumbled 50% after Silicon Valley Bank’s failure.
    People lined up at the First Republic branch in Brentwood to withdraw their money on Saturday.
    WATCH:

    I’ve never seen a bank run in Brentwood Los Angeles in over 40 years — this is at first republic bank branch. People standing in rain pic.twitter.com/k31PqqpyO3
    — pjb.eth (@Dr_PhillipB) March 11, 2023

    The post HERE WE GO: FDIC and Federal Reserve Discuss Creating Fund to Backstop Deposits if More Banks Collapse appeared first on The Gateway Pundit.

  • Shark Tank’s Kevin O’Leary Rips Socialist AOC and Her America Last Policies: She is ‘Great at Killing Jobs’ (VIDEO)

    Shark Tank’s Kevin O’Leary Rips Socialist AOC and Her America Last Policies: She is ‘Great at Killing Jobs’ (VIDEO)

    Last week, Kevin O’Leary, an investor and judge on the ABC show “Shark Tank,” slammed Rep. Alexandria Ocasio-Cortez (D-NY) for being “great at killing jobs” and making New York City and other liberal states “uninvestable.”
    On CNN’s “This Morning,” the business investor said that New York, Massachusetts, New Jersey, and California are losing out in the “competition of states” because of the lack of interest from potential investors.
    O’Leary blamed Democrats like socialist AOC for making New York and other liberal states “uninvestable.”
    “Those states are uninvestable,” O’Leary said during the interview. “The policy here is insane. The taxes are too high.”
    Co-host Kaitlin Collins of CNN rebutted O’Leary, claiming that New York officials would disagree with his judgment.
    “Sorry. Don’t shoot the messenger; just telling you how it is,” O’Leary said, adding that he would “debate” elected officials in New York particularly AOC “any time of the day.”
    “She’s great at killing jobs. She kills jobs by the thousands. Another New Jersey problem. Where did Amazon take their jobs? They took them away from her. She threatened to sue them if they created jobs. I mean, this is a reality.”
    “He’s saying what a lot of people are saying, especially with what happened here with Amazon,” Don Lemon said in support of O’Leary’s statements.
    WATCH:

    Shark Tank’s Kevin O’Leary claims New York, Massachusetts, New Jersey and California are “uninvestable” https://t.co/HyuU3AgJLM pic.twitter.com/XkhqTmqvnw
    — CNN (@CNN) March 3, 2023

    O’Leary said that Ocasio-Cortez was responsible for the loss of thousands of jobs in Queens by fighting Amazon’s plans to build its second New York City headquarters there.
    Earlier this month, Ocasio-Cortez applauded the decision to delay construction of Amazon’s Virginia headquarters in Pentagon, Metropolitan Park in the wake of company-wide layoffs.
    “When I opposed this Amazon project coming to New York bc it was a scam of public funds, the whole power establishment came after us. Billboards went up in Times Sq denouncing me. Powerful pols promised revenge. Op-Eds & CEOs insulted my intelligence. In the end, we were right,” AOC wrote.

    When I opposed this Amazon project coming to New York bc it was a scam of public funds, the whole power establishment came after us.
    Billboards went up in Times Sq denouncing me. Powerful pols promised revenge. Op-Eds & CEOs insulted my intelligence.
    In the end, we were right. https://t.co/F1sNvZcISq
    — Alexandria Ocasio-Cortez (@AOC) March 3, 2023

    The post Shark Tank’s Kevin O’Leary Rips Socialist AOC and Her America Last Policies: She is ‘Great at Killing Jobs’ (VIDEO) appeared first on The Gateway Pundit.

  • Wisconsin GOP House Speaker Robin Vos Calls Constituent “Certifiably Insane” After He Was Caught Eliminating Competitor’s Supporters from GOP

    Wisconsin GOP House Speaker Robin Vos Calls Constituent “Certifiably Insane” After He Was Caught Eliminating Competitor’s Supporters from GOP

    Wisconsin Speaker Robin Vos is lashing out at a constituent after he was caught eliminating supporters of his last primary challenger from the GOP. 
    Speaker Robin Vos wants to keep his job at all costs.  He will do anything to keep it.
    During his recent primary in 2022 a vehicle similar to an ice cream truck was used to capture ballots during the election.  It’s unknown if ice cream was provided to those who dropped off ballots.
    After barely winning the primary, Vos went on to win the election and he’s back actions as Speaker in Wisconsin.  Vos did this despite numerous counties calling for his resignation after his efforts to certify the fraudulent election results in 2020 for Joe Biden.
    Last Week the Maricopa County Board of Supervisors Unilaterally Loaded Ballots onto Trucks and then Stored Them in the Open in a Warehouse Ignoring Proper Safeguarding Controls

    Recently, it was reported that the Racine GOP was caught eliminating those GOP members and applicants who supported Vos’s competitor in the 2022 primary, Adam Steen.
    Justice Michael Gableman Joins Tucker Carlson to Discuss His Historic Report on 2020 Wisconsin Election Fraud (VIDEO)

    Vos didn’t like being called out for saying the Racine County GOP was “open to everyone”.  So he went after the person onsite at the most recent meeting who was kicked out for attempting to observe the vote in the county last weekend.   He called her “certifiably crazy”.

    A guy who certifies the fraudulent 2020 election results in Wisconsin for Joe Biden, is asked by numerous counties in the state to resign, kicks out GOP members who voted against him while calling for a more open GOP is calling one of his constituents certifiably crazy.  Just wow.
    The post Wisconsin GOP House Speaker Robin Vos Calls Constituent “Certifiably Insane” After He Was Caught Eliminating Competitor’s Supporters from GOP appeared first on The Gateway Pundit.