2min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

The Trump Administration's Overstepping of the Rule of Law

I think the administration has significantly overstepped here and probably gone outside the rule of law in a few instances. congress could issue subpoenas and find out what the decision making was like at fdic occ fed especially with regards to these recent bank closures which I think is incredibly suspicious. It's basically a constitutional issue like how much power are we giving federal regulators do they have the ability to redline an industry by explicitly or implicitly offering guidance to the banks that they regulate? The supreme court will find that they don't have that right but that of course those wheels of justice take a very long time to grind so it might just be a matter of being up against it for the next two

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