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Mona Salama Profile picture
@MonaSalama_
Mar 30 • 6 tweets • 2 min read Twitter logo Read on Twitter
#TrumpIndicted is w/o a doubt a political prosecution. Lets remind TDS folks & roll the tape

Southern District of NY decided this investigation was not worth going down that road & didnt bring charges. The DOJ didnt even touch this knowing damn well it would end in a defeat
DOJ had tried a case like this — John Edwards in which it was a much stronger case where Edwards did actually diverted $1M in campaign funds to cover up his affair with his baby mama
The case ended in Not guilty on 1 count & hung jury in the 5 others & Edwards was never
Federal Election Commission dropped this case.The hush $ was never reported on Trump campaign filings

"To conclude that a payment,made 13 days before Election Day to hush up a suddenly newsworthy 10yr old story was not campaign-related,w/o so much as conducting an investigation"
Manhattan DA Bragg predecessor CY Vance declined to prosecute

Bragg, himself opted to suspend this investigation causing the 2 lead prosecutors to resigned in outrage
1 of the prosecutor broke precedent to write a damn book about such probe while it was still ongoing, didnt officially close & unknown if a conviction or charges would be filed
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More from @MonaSalama_

Mona Salama Profile picture
Mar 23
Fed balance sheet keeps on rising as banks take advantage of the Federal Reserve 2 backstop lending program

In the past week (week of March 15-22) the Fed balance sheet expanded $94.5 Billion to a total of $8.73 Trillion — ▲1.1% increase
Banks tapped $110.2B from Fed traditional Discount window —▼$42.7B from $152.8B the week prior

Fed's new Bank Term Funding Program (BTFP) skyrocketed to $53.7B — ▲$41.8B from prior week of $11.9B

Loans to FDIC Bridge-bank loans $179.8B — ▲$37B from $142.8B
Banks had a combined $163.9B in outstanding borrowings compared to last wk total of $164.8B

The Fed balance sheet has soared $390B+ in the last 2 weeks alone — reversing 65%+ or 5 months of Fed Quantitative Tightening (remove trillions of excess liquidity from financial system)
Read 5 tweets
Mona Salama Profile picture
Mar 18
🧵
This potential indictment of Trump from Manhattan DA Bragg is entirely politically driven
Using this hush money case that is 7+yrs old & statute of limitation passed but how this case hinges on tying it to 2nd crime & twisting legal theory & laws w/insufficient evidence (1/10)
Elevating a misdemeanor case into a felony charges by attaching it to a 2nd crime of apparent campaign violation charges is beyond illogical & an abuse to the justice system (2/10)
Trying to build a felony case that Trump was personally involved in scheme of hush money of an irrelevant porn star using "intent to defraud" by falsifying business records tied to "intent to commit"in violating campaign laws is a legit complex case to make or even prove (3/10)
Read 11 tweets
Mona Salama Profile picture
Mar 17
🧵
Banks tapped a record-breaking $164.8 billion combined in emergency liquidity from the Federal Reserve 2 lending programs between March 9-15 amid SVB collapse, according to the Fed weekly balance sheet
Banks took out $152.85 billion in loans using the Fed's "discount window" (traditional backstop facility) — shattering the $111B recorded during 2008 financial crisis

Banks also tapped Fed's new emergency-lending facility taking out $11.9B in loans through 1st 3 days it launched
Other credit extensions totaled $142.8 billion in lending to the new bridge banks for Silicon Valley Bank and Signature Bank established by the FDIC amid the federal regulators takeover
Read 5 tweets
Mona Salama Profile picture
Mar 15
Senate voting now on cloture motion (End debate) on Eric Garcetti nomination for Ambassador to India. Simple majority vote needed

This is a procedural vote to determine whether Garcetti has the votes or not to be confirmed. If cloture passes, final confirmation vote in afternoon
94 Senators present for today's votes

Absent Senators → Booker, Barrasso, Cruz, Feinstein, Fetterman, McConnell
So far 5 Republicans have voted YES and 2 Democrats have voted NO

Republicans → Sens. Collins (ME), Daines (MT), Graham (SC), Hagerty (TN), Young (IN)

No → Sens. Brown (OH) & Hirono (HI)
Read 4 tweets
Mona Salama Profile picture
Mar 10
Either Sen.Warren doesnt know how read an economic analysis report (written by 1 economist with a lackluster 20+ years track record) or is a flat out bs liar

Moody's new analysis report on debt ceiling never cited Trump tax cuts would cause "recession plus 2.5M lost jobs"
Moody forecast various scenarios & potential consequence if Congress fails to reach deal to lift/suspend debt ceiling by "x date"—Aug.18
It notes Congress wont default & cites Trump tax cuts & Biden$1.9T ARP as history guide for "clean debt limit increase"
moodysanalytics.com/-/media/articl…
No where in Moody's 21-pages analyst paper does it claim the Trump tax cuts was the reason or will be the cause that would "push the economy into a recession next year, cost 2.6M jobs and push unemployment back to almost 6%…"
Read 8 tweets
Mona Salama Profile picture
Mar 9
President Biden proposes a dead-on-arrival $6.8T budget plan — ▲8% hike from $6.2T FY23 spending to fund ambitious social programs

Proposal lays out $5.5T tax hikes on wealthy & corporations over 10 years — completely reversing the Trump tax cuts

whitehouse.gov/wp-content/upl…
2024 budget calls for $1.7T in spending — $886.4B for defense (▲3.3% from $858.3B appropriated in 2023) & ~$809B for nondefense

WH estimates budget plan will cut the deficit by $3T over a decade

2024 deficit increases from $1.6T to $1.8T & federal debt swells to $51T in 10yrs
Center of Biden budget plan is a series of tax hikes

25% Billionaire minimum tax on wealth over $100M by taxing unrealized capital gain

Reversing Trump Tax Cuts by lifting Corporate tax rate from 21% to 28%& doubling taxes US companies owe on foreign earnings to 21% from 10.5%
Read 6 tweets

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