Drudge Retort: The Other Side of the News

Drudge Retort

User Info

Qcp

Subscribe to Qcp's blog Subscribe

Menu

Special Features

Monday, August 03, 2026

Pam Bondi sold as much as $5.5 million in Trump Media securities on April 2, 2025, and hours later Trump announced the tariffs that sank the stock she had just left. This is what open-air insider trading looks like, and insider trading, in case you didn't know, is very illegal, a felony carrying up to twenty years per count. The ranking Democrat on the House Judiciary Committee referred it for investigation. We know why the federal government did nothing: Bondi ran the department that would have investigated her. The question this piece asks is why, fourteen months later, no New York prosecutor has opened a case.


By expanding the arena of fighting in the region, experts say, Tehran sent a warning about the dangers of a widening war.


Iraqi Shia network is being used by Iran to drag US and Arab countries into longer and costlier fight.


Saturday, August 01, 2026

The judge sentenced Colin Gray, the father of Apalachee school shooter Colt Gray, to 15 years in prison. read more


The Department of Commerce quietly announced this week it will designate more than $870 million in federal incentives for semiconductor manufacturing in exchange for a minority equity stake in seven companies. read more


Comments

More: Sen. Warren: Thank you, Mr. Chairman. So, the Federal Reserve has long been plagued by a culture of corruption and coziness with Wall Street.

Over the last five years, at least six senior Fed officials have been implicated in serious ethics scandals related to personal stock trading and self-dealing.

But instead of trying to repair this broken culture, I'm concerned that you seem to be embracing it.

At the time of your nomination, you owned more than $100 million worth of shares in private investment vehicles called the Juggernaut Funds and THSDFS LLC. And, you refused to disclose the underlying assets to the Senate and to the public. You say now that you've sold those shares. In other words, someone wrote you a check for more than $100 million days before you entered office. Chair Warsh, who wrote that check?

Chair Warsh: Senator Warren, this is a discussion you and I had in the public square seven weeks ago. And I'm thrilled to tell you that I've fully honored the obligations I had under the Office " the agreement I had with the Office Government Ethics. And there's continued disclosure which I'm happy to make as consistent with the agreement.

Sen. Warren: I asked you a very specific question. Who gave you $100 million right before you were sworn in. Was it a billionaire who has business with the Fed? Was it Stanley Druckenmiller, who has made billions of dollars betting on what the Fed does? Or was it a different billionaire? Who gave you the money?

Chair Warsh: I will fully comply with the Office of Government Ethics.

Sen. Warren: That's not an answer.

Chair Warsh: Well it is an answer actually, Senator.

Sen. Warren: No, it's not.

Chair Warsh: Because there are obligations and I will satisfy them completely.

Sen. Warren: It's $100 million right before you were sworn in, and you won't tell the American people where it came from.

More: According to the joint task force, all National Guard members who come to D.C. have been deputized as special police by the U.S. Marshals Service and issued a firearm, which is rare for a domestic National Guard deployment. Guard troops are not authorized to make arrests, although they can detain someone until arresting officers arrive.

The troops in D.C. are largely performing what are called "presence patrols," walking in small groups around popular areas of the city to act as a deterrent for crime and allow law enforcement to focus on other areas.

But two different studies " including one out this week by the progressive Center for American Progress " have both found that the National Guard presence in D.C. has had little to no effect on violent crime and that the recent drop in crime would have likely happened regardless of the troops.

"These trends have been going on since before the deployment, since before Trump's second inauguration even. It should tell people that actually this is not part of the solution," says Chandler Hall, associate director on the public safety team at CAP and lead researcher of the study.

---

As the length of the deployment, as well as the size, increases, so does the cost to taxpayers. With the current summer surge, the cost per day is hovering around $3 million, according to an estimate by the nonpartisan Congressional Budget Office.

Using that number, the Project on Government Oversight, an independent nonpartisan watchdog, estimates the deployment with this new 2029 extension will cost somewhere between $2.5 billion and $3.4 billion in total, depending on how many troops remain in the city.

Drudge Retort
 

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy