The Freedom Watch

Trump administration is looking at 50- and 100-year bonds

"The Treasury disclosed that it is studying the possibility of ultra-long bonds, with maturities greater than 30 years, currently the bond with the longest maturity. It also said it is preparing for the time when the Fed begins to reduce its giant $4.5 trillion balance sheet — by buying fewer Treasurys and mortgage securities, and perhaps ultimately even unloading the ones it holds." Continue reading →

Continue ReadingTrump administration is looking at 50- and 100-year bonds

As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon

"In January [Foss] stepped down as chairman of Credit Acceptance Corp., the company he started in 1972 that pioneered extending auto loans to customers with rock-bottom credit scores or none at all. A month after he left, he sold a big chunk of his Credit Acceptance shares for $128 million. The company didn’t say why Foss sold his shares and declined to comment. Foss didn’t respond to requests for comment." Continue reading →

Continue ReadingAs Inventor of Subprime Car Loans Exits, Critics Smell a Lemon

Cop fakes body cam footage, prosecutors drop drug charges

"Prosecutors in Pueblo, Colorado are dropping felony drug and weapon-possession charges after an officer involved in the case said he faked body cam footage so he could walk 'the courts through' the vehicle search that led to the arrest. The actual footage of the search that he produced in court was a reenactment of the search, the officer told prosecutors." Continue reading →

Continue ReadingCop fakes body cam footage, prosecutors drop drug charges

Facebook and Google confirmed as victims of $100M phishing scam

"Last month, the Department of Justice charged a Lithuanian man for fraud, aggravated identity theft, and money laundering after documents revealed he scammed two major tech companies for over $100 million by masquerading as a Taiwanese electronics manufacturer. A Fortune report this week identified those two affected companies as Facebook and Google." Continue reading →

Continue ReadingFacebook and Google confirmed as victims of $100M phishing scam

Japan secretly funneled hundreds of millions to the NSA, breaking its own laws

"The Intercept publishes a previously-unseen set of Snowden docs detailing more than $500,000,000 worth of secret payments by the Japanese government to the NSA, in exchange for access to the NSA's specialized surveillance capabilities, in likely contravention of Japanese privacy law (the secrecy of the program means that the legality was never debated, so no one is sure whether it broke the law)." Continue reading →

Continue ReadingJapan secretly funneled hundreds of millions to the NSA, breaking its own laws

That Other Threat: Electronics Thefts From Checked Luggage

"In 2014, the Transportation Safety Administration said more than 500 baggage screeners had been fired since it was established in 2001, according to the Wall Street Journal. A CNN analysis found more than 30,000 property loss claims were filed by passengers with the TSA between 2010–14, most claiming valuables were taken from checked baggage. Under an international treaty known as the Montreal Convention (to which the US is a signatory), an airline’s liability for loss or damage to a passenger’s luggage is limited to the equivalent of about $1,360." Continue reading →

Continue ReadingThat Other Threat: Electronics Thefts From Checked Luggage