Lightnews — Scholar-powered news

Corey Frayer @csfrayer.bsky.social · 17h

Rockefeller's sick smile shines down on us from Ludlow.

Greylace @greylace.bsky.social · 21h

The recent ICE raid which emptied an entire apartment building was apparently at the request of Wells Fargo, which is trying to foreclose on the building.

flipinidaho @flipinidaho.bsky.social · 22h

southsideweekly.com/federal-agen...

The building is in a 27 million dollar foreclosure filed by Wells Fargo. The next day, Wells Fargo filed an emergency motion for receivership. The fascist regime kindly emptied the building for donor Wells Fargo.

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Corey Frayer @csfrayer.bsky.social · 19h

Like many appointees in this administration, I could do a lot of jobs at the same time if I were bad at all of them.

Treasury names Social Security head as CEO of IRS | CNN Politics share.google/QGXoEndf6HUl...

Treasury names Social Security head as CEO of IRS | CNN Politics

Social Security Administration Commissioner Frank Bisignano will also take on the newly created role of Chief Executive Officer of the Internal Revenue Service, the Treasury Department announced Monda...

share.google

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Corey Frayer @csfrayer.bsky.social · 22h

I'm sitting in DC's petit jury selection room wondering about the minority of people who live here that wouldn't be biased against prosecutors that report to Pirro, or a policing agency that has happily worked with federal agents to terrorize the city and abandon any pretense of probable cause.

Corey Frayer @csfrayer.bsky.social · 23h

Expect a minor revolt from the Congressional staff that ultimately write these bills.

Or a political hypocrisy that would make the House/Senate look pretty ugly.

More Perfect Union @moreperfectunion.bsky.social · 23h

A new White House memo says that furloughed federal workers aren't entitled to back pay.

This is clearly against the law, which guarantees furloughed federal employees back pay for the duration of a government shutdown.

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Corey Frayer @csfrayer.bsky.social · 23h

Pretty remarkable given the cliches around weather prediction...

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Corey Frayer @csfrayer.bsky.social · 23h

"For all power tends do develop into a government in itself."

Justice William O. Douglas, dissent, United States v. Columbia Steel Company

David Dayen @ddayen.bsky.social · 23h

Responding to Matt Bruenig, @ryanlcooper.com argues that "there must be a role for antitrust for any brand of socialism that includes markets."
prospect.org/economy/2025...

The Socialist Case for Antitrust

Markets need regulating. Always have, always will.

prospect.org

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Corey Frayer @csfrayer.bsky.social · 23h

Local man bucks tradition by robbing liquor store.

NPR @npr.org · 1d

President Trump is bucking tradition and legal precedent in pushing to deploy the National Guard to Democratic-led cities like Portland, Oregon, and Chicago due to what he says is rampant crime and to support his crackdown on illegal immigration.

Trump's power to deploy National Guard, explained

President Trump is bucking tradition and legal precedent in pushing to deploy the National Guard to Democratic-led cities like Portland, Oregon, and Chicago due to what he says is rampant crime and to support his crackdown on illegal immigration.

n.pr

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Corey Frayer @csfrayer.bsky.social · 23h

Probably - though market discipline seems to have continued its decline since 2008

Corey Frayer @csfrayer.bsky.social · 23h

This is either a failure to train up other federal agents to do this work or proof of how ignorant and untrained you can be to meet ICE's standards.

David Simon @audacityofdespair.bsky.social · 1d

As basic question from an ex-police reporter: Can some of our journalists detail the training regimen all these new federal agents receive? The lethal incompetence involving use of force and perameters of the 4A suggests they are just handed guns, masks and badges and told to go fuck people up.

John Pavlovitz @johnpavlovitz.bsky.social · 1d

ICE is made up of men who have failed the human test and have nothing of value to offer this nation.

Adults with decency and options and possibilities don’t do this shit.

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Corey Frayer @csfrayer.bsky.social · 23h

There's certainly an argument to be made that it's not performative.

But my other evidence is that industry folks I talk to don't seem to want it that much - the marginal cost of quarterly reports when you're already tracking all that data for semi-annual is pretty low.

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Corey Frayer @csfrayer.bsky.social · 1d

My guess is this was a Trump idea Atkins didn't actually want and the shutdown is an excuse in an attempt not to anger his puppetmaster.

On the other hand I will one day regret giving Atkins any credit.

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Corey Frayer @csfrayer.bsky.social · 1d

If SEC lets the clock run out on a 19b4 ETP/33 Act fund during the shutdown, that would be *huge* news.

(Caveat - SEC could have used a series of orders to delay automatic effectiveness until ~November 16th)

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Corey Frayer @csfrayer.bsky.social · 1d

Close, not quite - almost all '40 Act funds (ETFs) go automatically effective (6c11)

It's actually a 19b4 rule change request from an exchange to allow listing of a '33 Act fund that gets 'approved'

SEC didn’t approve Teucrium’s XRP ETF, it simply let the clock run out share.google/9tMidKPJo1XP...

SEC didn’t approve Teucrium’s XRP ETF, it simply let the clock run out - Cryptopolitan

The Teucrium XRP ETF became active not because the Securities and Exchange Commission approved it, but because the agency let the clock run out during a

share.google

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Reposted by Corey Frayer

Olúfẹ́mi O. Táíwò @olufemiotaiwo.bsky.social · 1d

eventually politicians need to start advocating for criminal and civil penalties for people involved in fabricating stories to get citizens incarcerated.

or, put another way: a society that would like to keep functioning has to discourage baldfaced lying, especially by authorities

Chicago Sun-Times @chicago.suntimes.com · 1d

Body-camera video appears to contradict the government’s claim that Marimar Martinez, 30, drove toward officers before one of them opened fire at her late Saturday morning in Brighton Park, her attorney claimed.
trib.al/9Sxu9IN

Attorney for woman shot by Border Patrol claims officer said 'Do something b-----' before shooting

Body-camera video appears to contradict the government's claim that Marimar Martinez, 30, drove toward officers before one of them opened fire at her late Saturday morning in Brighton Park, her attorney claimed. A judge ordered Martinez and a co-defendant released pending trial.

trib.al

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Corey Frayer @csfrayer.bsky.social · 2d

Unpopular opinion but - younger?

You can be feisty, smart and in touch without being young. Some of the Democratic party's younger members support incredibly stupid policies. Not to mention some older politicians come out of the incredibly effective Civil Rights movement which was pretty feisty.

Just Jack @just-jack-1.bsky.social · 3d

The Democratic Party needs to get younger, feistier, smarter at messaging and more in touch with the electorate, both at the state and federal levels.

Democratic voters need to get more discerning about who they choose to fight against the rising tide of oligarchic fascism.

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Corey Frayer @csfrayer.bsky.social · 2d

The ethereum foundation is "the others" in what a securities lawyer might call "the efforts of others..."

www.mitrade.com/insights/new...

Ethereum Foundation Converts 1,000 ETH to Stablecoins – Here’s Why

The Ethereum Foundation has announced plans to sell 1,000 ETH, worth roughly $4.5 million, as ETH’s price climbs above $4,500 for the first time since mid-September.The sale, disclosed on October 4, w

www.mitrade.com

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Corey Frayer @csfrayer.bsky.social · 3d

"A blockchain" - in your definition - can be any centralized digital ledge as long as you call it a blockchain. From an economic and regulatory perspective it's indistinguishable. It's words and hand waving.

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Corey Frayer @csfrayer.bsky.social · 3d

That's a definition so broad as to be useless. Agree to disagree here.

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Corey Frayer @csfrayer.bsky.social · 3d

A crypto asset that can be unilaterally frozen, minted or burned isn't crypto by any meaningful definition. A bank can do that on a digital ledger and just call it blockchain. Every fiat backed stablecoin is inherently centralized.

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Corey Frayer @csfrayer.bsky.social · 3d

I think this is a big part of Cas's point - stablecoins are far removed from what can reasonably be called "crypto".

I have tolerance for BTC maxis because, merit aside, at least it looks like what crypto was supposed to look like. But the baked in deflation means it can't do UBI.

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Corey Frayer @csfrayer.bsky.social · 3d

Trump's federal police agents have escalated from abductions to just shooting people on vibes. You could call it a Gestapo but it's not even secret.

www.wbez.org/immigration/...

Federal agents shoot woman they say 'boxed in' authorities on Chicago's Southwest Side

Authorities were on patrol when they were "rammed by 10 cars," according to a statement from the Department of Homeland Security. The woman who was shot "was armed with a semi-automatic weapon," promp...

www.wbez.org

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Corey Frayer @csfrayer.bsky.social · 4d

Is this a pigeon meme with text - "is this, UBI" and dogecoin image

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Corey Frayer @csfrayer.bsky.social · 4d

"Company valued at $90 billion hands out $12,000 in crypto - useless for purchasing food, paying rent, or covering medical costs - to low-income New Yorkers."

Twitter post from Coinbase "We’re helping
@GiveDirectly
show how crypto and USDC can change the game for New Yorkers in need" with image of CoinDesk article with headline "Coinbase-Backed Pilot Program Hands Out $12,000 in Crypto to Low-Income New Yorkers"

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Corey Frayer @csfrayer.bsky.social · 4d

Form 10-QNFT

Tuffy @smtuffy.bsky.social · 4d

Companies shouldn’t file quarterly reports; instead their info should be on the blockchain, so we can have real-time corporate reporting

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Corey Frayer @csfrayer.bsky.social · 5d

A good in-depth thread on PE/PC investments that ultimately comes around to a fundamental truth ignored by the current discussion over whether they are appropriate for retail - investment decisions are not just about returns but whether those returns are commensurate with their risks.

Tomas Hirst @tomashirstecon.bsky.social · 5d

We're hearing a lot about private credit and the potential for hidden risks to start percolating to the surface - not least since we are seeing some big private deals go badly this cycle (h/t @bondhack.ft.com for the excellent work). But I want to talk about risk *compensation*, which is important.

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