UnlimitedPower retweeted
Dear Secretary Bessent @SecScottBessent,
On October 14th I wrote to you about Bank of America @BankofAmerica.
You did not answer. 3.6 million Americans did.
I want to tell you what that looked like from where I sit, because I do not think Washington understands it yet. The messages did not come from one side. They came from Republicans and Democrats, from veterans and nurses and small business owners, from people who have not agreed with each other about anything in a decade. They all said a version of the same sentence. We have had enough.
That is what a national security issue looks like when it finally breaks through. It does not pick a party. It belongs to everyone who has a kid, a bank account, or a flag on the porch.
So let me be plain about my concern. I am worried that nothing is going to happen. The fine has been announced. The press cycle is already turning. In a few weeks the number will be forgotten and the bank will be back to business. I have watched this exact sequence play out before, and I am writing to you now, while there is still a window, because once that window closes it does not reopen.
I am also widening this letter, because Treasury does not act alone.
To the Department of Justice @TheJusticeDept and to FBI Director Kash Patel @FBIDirectorKash:
Director Patel, you were not in the chair when this happened, so I want you to hear it from me directly. In 2011 I walked into the FBI with everything I had on HSBC. Not a tip. Boxes. Names, account numbers, transaction records, internal emails. Agents worked that evidence for over a year. I trusted them, and I still believe they wanted to do their jobs.
Then the settlement was announced. $1.9 billion. I called the agents and asked the only question that mattered. When do you raid the building and when are the arrests?
Their answer was four words. Our hands are tied.
I have thought about those four words every day since. Not because the agents failed me. Because somebody above them decided that a bank was too important to treat like a defendant. That decision was made quietly, by people whose names I will never know, and it has been made again every time since. Director Patel, you now have the authority to make a different one.
I remember the words carved into the stone outside the federal building in Philadelphia the day I walked in to report @HSBC: justice is the defense of our liberty. I believed that. I still want to. But a justice system that handcuffs a dealer on the corner and sends a bank a bill is not defending anyone’s liberty. It is choosing whose liberty counts.
To Brian Moynihan, Chief Executive Officer of Bank of America @BankofAmerica:
Mr. Moynihan, your bank just agreed to pay $1.2 billion for failures that regulators called willful. I have a few questions, and the 3.6 million people reading this would like the answers too.
Who was fired?
Not reassigned. Not retired early with a package. Fired, by name, for the conduct the government described.
What has actually changed in your anti money laundering program? Not the budget line. Not the consultant’s slide deck. What is different today about how an alert gets cleared and who is allowed to say stop?
Were there any consequences inside the building at all? Or did this land the way it landed at HSBC bank, as a line item?
And how much is your bonus this year?
I ask because I know what it costs a compliance officer to raise his hand inside a bank like yours. I would like to know what it cost anyone at the top. Do you even care? I am asking sincerely. I would like to be wrong.
Here is what I did about all of this, and why it matters to this letter. After the government declined to help me or any of the whistleblowers I have met since, I built the thing I wished had existed. Tactical Rabbit is a private intelligence agency. We find the truth, we prove it, and we put it in the hands of people who will act on it. I made a decision a long time ago that if the government would not stop the next HSBC, I would.
So to anyone inside a bank reading this who is looking at something they know is wrong: if your bank will not act, and the government will not act, come to me. I will get the truth to the public. That is not a threat. It is a promise I have already kept once.
Mr. Secretary, Director Patel, the Department of Justice, and Mr. Moynihan: four addresses, one question. Will anyone be held accountable?
Not fined. Not suspended. Not asked to attend training. Accountable.
Please end the cycle of too big to jail. I will not stop until there is change, and neither will the millions of Americans standing behind this letter. Answer them.
We need a banker in jail.
Everett A. Stern
HSBC Whistleblower
Founder, Tactical Rabbit
I am not going away @vladtenev @DanGallagher
AMC Entertainment does not consent to Robinhood creating Stock Tokens to replicate AMC shares in the United States (the SEC requires you to get our consent, or failing that, at least with us to stand down). They are fake, synthetic shares, which could impact our capital structure.
AMC should control our financial destiny, not Robinhood.
UnlimitedPower retweeted
$AMC
Here’s the AMC Q3 setup in one slide . .
Hey there @vladtenev and @DanGallagher: My voice will stay loud. You supported the SEC on U.S. stock tokens. They must carry voting rights, and companies can opt out. How hypocritical of Robinhood if not adopting those same principals offshore. Don’t spit in the face of the SEC.
On Monday (9/21), SEC Commissioner Hester Pierce resigned her post effective October 2. That means there’ll be only 2 SEC Commissioners, out of the 5 mandated by law. Investors are best protected by an active vibrant SEC. I hope those 3 vacancies get addressed in the near term.
UnlimitedPower retweeted
My issue is simple: AMC shareholders have every right to be angry and demand answers.
Robinhood says its AMC Stock Tokens are backed 1:1. Fine. Then prove it. The token itself is not an AMC share. Token holders don't directly own AMC stock and don't receive the normal rights of AMC shareholders. AMC also did not create, authorize, or endorse this product.
So where are the receipts?
Who holds the underlying AMC shares? How many shares are actually held compared with the number of tokens outstanding? Who independently verifies that 1:1 backing, and can investors see that verification?
And I want to know why AMC. Why create a financial product using AMC's name and ticker without AMC's involvement? What other publicly traded theater chains received the same treatment, and why or why not?
That's why AMC investors are angry. We're not asking for rumors or promises. We're asking for transparency and independently verifiable facts.
If it's truly backed 1:1, show us. It shouldn't be controversial to ask for the receipts.
Hey there @dangallagher, in the past week you and @vladtenev CEO of Robinhood have made public comments defending your use of and “standing behind” your relatively new Stock Token concept.
I think this practice is abhorrent. It defeats the very ethos of share ownership. Public financial markets were created so that companies could raise capital, and so that investors could share in the wealth created as a result. Not to turn investing instead merely into some gamified business-oriented casino.
If by your own admission you can’t offer or sell Stock Tokens to “U.S. persons” why does your U.S. web site talk about them so much and so favorably?
Vlad: How can a U.S. brokerage firm be proud of creating an offshore Channel Island operation in far off Jersey specifically with the intent to operate outside U.S. securities laws? Is there potential confusion that Stock Token purchasers are getting less than all the rights accorded to real shareholders, and if so do you care? If those tokens are theoretically backed 1:1 by real shares, but hypothetically some of those underlying real shares are in turn lent out to short sellers, are the Tokens really backed 1:1 in fact?
Dan: I think U.S. securities laws have protected the public very well over the past century. You spent much of your career at the SEC. Deep down, in your heart of hearts, how can you really think a world without the precautions imposed by U.S. securities laws creates a better, safer environment for investors?
Choose whatever descriptors you think best make sense under the circumstances: Non-regulated, derivative, synthetic, sham, debt-backed securities trying to simulate actual real stock, or pick your own words if these don’t fit.
Stock Tokens may make you an innovator in your own eyes. In my eyes, they bring your firm dishonor.
UnlimitedPower retweeted
Robinhood's "Tokenized Stocks" are a threat to our national security:
- Citadel is owner of Alpaca
- Alpaca is broker & custodian of Robinhood's stock tokens (illegal in the USA, Canada, UK, etc)
- Alpaca's doc's state the tokens can be loaned to institutions to SHORT (then LOANED again)
- RH issues tokens outside the USA (so SEC can't stop them)
- RH has to tell Alpaca when to buy shares to keep tokens 1:1
- RH polices themselves on 1:1 backing 🚔
- If RH doesn't tell Alpaca to buy shares, the tokens aren't 1:1 backed
- RH hired a 3rd party to "verify" the 1:1 backing and report it 1-TIME PER YEAR (up to 15 months later) 🚨
Does this sound healthy for US financial markets? -- This is the OPPOSITE of Making America Great Again! --
REPOST & BOOKMARK!!! Put👀🔎 on this!
@JDVance @POTUS @realDonaldTrump @RobertKennedyJr @SecKennedy @pulte @DNIPulte @DirectorPulte @FBIDirectorKash @CFTC @CFTCbehnam @SecScottBessent @SecRubio @SECGov @USAttorneys @USAttyEssayli @USAO_DC @KenPaxtonTX @SECPaulSAtkins @MichaelSelig @FinancialCmte @USHouseFSC @RepFrenchHill @CEOAdam @ryancohen @RepMaxineWaters @JohnReedStark @business @FoxBusiness @NewYorkStateAG @DOJFraudDiv @DOJCrimDiv @CivilRights @JusticeOIG @DOJNatSec @dojphofficial @cvpayne
Robinhood CEO CAUGHT LYING Live On CNBC (He Was NOT Ready) My Reaction:
Robinhood issues tokens, claims they're 1:1 backed, and "verifies" it themselves...
🚨 The 3rd-party verifier checks them ONCE PER YEAR...
"We've investigated ourselves and found that we've done nothing wrong."🚔
AMC CEO @CEOAdam was right all along!
youtube.com/live/24-xHLaeQ5o
UnlimitedPower retweeted
Robinhood CEO CAUGHT LYING Live On CNBC (He Was NOT Ready) My Reaction:
Robinhood issues tokens, claims they're 1:1 backed, and "verifies" it themselves...
🚨 The 3rd-party verifier checks them ONCE PER YEAR...
"We've investigated ourselves and found that we've done nothing wrong."🚔
AMC CEO @CEOAdam was right all along!
youtube.com/live/24-xHLaeQ5o
UnlimitedPower retweeted
Why is AMC the only movie stock token?
Why not regal - cinemark- and imax ?
I mean they all are roughly $20-$40 dollars right ? Shouldn’t you want all of the investors outside of America to invest in them instead of a $2 stock that’s going bankrupt right ?!?!?!
$AMC
UnlimitedPower retweeted
THIS IS INSANE.
Robinhood gets penalized.
Pays a fine.
Keeps operating.
Again. And again. And again.
And NOW we have AMC “tokens” claiming 1:1 backing?
THEN SHOW THE SHARES.
Where are they held?
Who is the custodian?
Where are the locates?
Where is the independently verified proof of 1:1 backing?
You don't get to slap “TOKEN” on something and magically create a loophole around securities laws.
If these tokens are being used to manufacture synthetic exposure, hide failures, dodge delivery obligations, or manipulate the real market
INVESTIGATE IT.
Stop treating massive financial penalties like fucking parking tickets.
Knowingly commit financial crimes?
PROSECUTE THE PEOPLE RESPONSIBLE.
No more fines.
No more loopholes.
No more hiding behind corporate checkbooks.
AMC INVESTORS WANT RECEIPTS.
SHOW THE SHARES.
SHOW THE BACKING.
SHOW THE PAPER TRAIL.
FIX THE SYSTEM. NOW.
UnlimitedPower retweeted
I’ve pulled investor relations emails for all 181 tokenized stock companies and will be emailing them and giving them an overview of what to expect with their freshly minted tokenization of their stocks.
#ApesStong #AMC #tokenized #stock
UnlimitedPower retweeted
CaLL to Action to all $AMC investors and @CEOadam
- this needs to be done now - look what happened to the price action when @CEOAdam sent his notice to @vladtenev
If you’re an AMC investor and you don’t press on AMC to send the same notice to @brian_armstrong that was sent to @vladtenev than it’s on you - and just plain lazy stupidness
@CEOAdam same communication needs to go to @brian_armstrong NOW - they shifted all the volume from RH to Coinbase the FTX2 models is all they have left to suppress volume and dilute AMC value - please send now!
The picture below is from Coinbase’s site concerning $AMC - it’s possibly on Etoro as well
We must shut them all down
UnlimitedPower retweeted
Petition to save AMC Kips Bay theatre reached 5,000 signatures today. Join your voice to the chorus calling to keep this theatre in our community: change.org/p/save-the-amc-ki…
UnlimitedPower retweeted
Our team, our local program partners, and every operational partner who helps make this program possible each month are heartbroken at the loss of our founder, Dolly Parton. (cont.)
I note that Cinema United, the movie theatre's national trade association in the United States, issued a letter today addressed to both David Ellison, Chairman and CEO of Paramount Skydance and to the Honorable Rob Bonta, Attorney General of California, on behalf of the various states who have joined with California.
In the letter, Cinema United called on the two parties to sit together and find a mutually acceptable resolution to Paramount’s plan to acquire Warner Brothers Discovery. Cinema United apparently has come just now to the same conclusion that I came to fully four months ago.
As I have repeatedly said and written since April, a weak movie slate is a far greater threat to movie theatre operators and to moviegoers than is a strong studio.
Of course, I also believe that it is wise to have in hand certain protections that will: assure a sizable number of films, that are well marketed, are shown in theatres first and for a reasonable period of time, along with continued access to film libraries and status quo economic splits between film distributors and film exhibitors.
But it has been my experience that Paramount has been willing to make and even guarantee such assurances. Indeed, since April, Paramount to its great credit has been putting those policies into place right now, already.
At this juncture, then, the choice is between the two parties soon reaching an amicable settlement between them, or instead waiting in limbo for at least seven to eight months or more, until the results are known from a trial that is not scheduled to be held until March of next year.
Our industry can not wait that long.
In 2026, the box office is finally booming, after six long years of the aftermath first from Covid in 2020 and then from the Hollywood labor strikes in 2023. There is a grave risk that delay now will be another unfortunate or unnecessary disruption to the movie business. At the worst, Paramount and Warner each may be partially paralyzed if they have to wait for this cloud of uncertainty to dissipate. Or at best, they only will be distracted and slowed down from seeking that desired optimal outcome of creating more movies to hit theatre screens in the near and medium term.
What’s more, the staggering cost of all the legal wrangling is mind-boggling, and will divert monies that could be going to film makers and which instead will be going to the lawyers representing these warring litigants or to Wall Street arbitragers holding WBD shares.
Business leaders across any and all industries will always say that protracted uncertainty or disruption will be unsettling. Worse, it often sparks unintended consequences that far too frequently produce truly negative developments, sometimes devastatingly bad ones.
I wholeheartedly endorse that the two parties, Mr. Ellison of Paramount and Attorney General Bonta of California, along with their respective teams, seriously engage together and immediately solve this conundrum.
Now is the time for wisdom, safeguarding affected constituencies for sure in the process.
If you know your biblical history, I am hoping for a King Solomon to emerge, perhaps both of the key players eventually rising to share together such a vaunted throne.
UnlimitedPower retweeted
This story has laid largely dormant in my mind for 25 years. Never gone, but very hard to think about the horror of that morning and I’d rather not. This is my morning of September 11, 2001.
At this point in my life, I am a pitching coach for The Brooklyn Cyclones, the Mets’ minor league baseball team. I have a sponsor’s softball game at our ballpark at 10 AM. My house in Jersey is about an hour drive away. I’m at my kitchen table having coffee, getting ready to head in at around nine. I put on the news. The traffic report mentions it’s a little heavy so I decide I’ll leave early. Just as I’m heading out the door the news breaks that a small plane appears to have hit one of the Twin Towers. I stopped to listen. The news reporter looks concerned and confused, but not panicked. It’s an unfolding moment and she’s keeping her cool. The look of disbelief was unstable; no answers, just confusion. She was trying her best, in her own way, to not create a mass panic. Whoever she was, she deserves a ton of credit, along with the other reporters who did the same thing.
I head to my car and put on 1010 WINS. I decide to head up Route 36. There is a bridge that crosses the Shrewsbury River that allows a direct view to the city. When I get there, I’m in disbelief. There is smoke coming from the top of one of the towers, yet still no panic on the radio, just reporting of what is currently known.
I call my daughter, who works in the city. I asked her where she is. She tells me she’s coming up the escalator from the bottom floors of the World Trade Center, exiting the subway. We stay on the phone. I hear the strain in her voice. Whatever has happened is not good and she is witnessing it firsthand. The radio does not betray the gravity of what happened. They are in disbelief along with all of us.
I step on the gas, and race up 36. By now I figure I’ll turn left, head into the city, pick up my daughter, and then drive on to the ballpark in Coney Island. We get cut off on the phone. The confusion on the radio continues and escalates. She calls me back a few minutes later. “Dad, I just came up the escalator and there are people jumping out of the windows, there’s people jumping out of the windows.” I ask her how high they are jumping from, trying to get a feel for what is happening. I am not ready for what she’s about to say. “80 floors.” A second plane hits the other tower. This is a nightmare, and I begin to feel panic coming up within me.
I take the Staten Island exit off of the parkway and approach the Outerbridge. I see cars stopped. Then the news comes over the radio. All bridges and tunnels are closed to the city. At the last possible moment, I turned off to the right and circled back down, heading back to my house. I’m doing over 100 miles an hour. I highly doubt a cop is going to stop me. I’m thinking, “What now?” I call my friend Lenny and say “I need your boat!” He asked me,“Where are you going?” I said, “To the city to get my daughter.” He’s well aware of what’s going on, and says, “I’m going with you.” I said, “No you’re not. I don’t know what I’m getting into. I don’t know what’s gonna happen. I don’t even know if I can get there but I have to try. I appreciate your offer, but I got it.” We plan to meet at his boat within 20 minutes. I pause going over the bridge on 36, take a look back, and it is beyond horrific. There’s people in those buildings and I hope one is not my daughter.
I call my daughter back, thank God I get a hold of her, and let her know the plans. I tell her to stay at her office. “Stay there until I get there. Stay put!” I swing by my house real quick. I have an idea I’m probably gonna need my father's flag. He was an army veteran who spent time in Iwo Jima. I plan on hanging it off the side of the little boat. Hopefully that will let the authorities know I’m on the home team. I run in the house and remove it from the triangle box in which I keep it and head down to the marina. My friend’s there and insists on going. We jump in and off we go.
Within minutes, a little comic relief. We need gas. Thankfully, there’s a fueling marina at Bahr’s Landing. We pull in. The young man working the pump was curious about where we are going. We fill up, he says good luck, and on our way. The radio is on. The news is still confusing but becoming clearer. Both towers have been hit. Both towers are on fire. We look at it. We see it in front of us, knowing we’re heading in.
I call my daughter. I tell her I should be there within a half hour, if we lose contact, I tell her to make her way down to the ferries evacuating people off the island. “Get to the top deck and look out to the open water. I’ll be in a small boat with grandpa‘s flag hanging off the side. Get to the top deck and wave and wave. If I see you, I’ll turn around and follow the boat back. If not, I’ll keep going.”
We’re a few miles out from the Verrazano Bridge. At this point, I think it’s going to be a dead end. I can’t imagine there won’t be police and Coast Guard closing off from that point. Suddenly, a small biplane with wings painted red and white appears. It is flying towards us but very erratically. I have no idea what that was about.
I have my daughter back on the phone. She finally arrived at her office on Wall Street. I tell her our ETA and then she feels something. The building shakes. “Dad, what was that?” I hear on the radio, which has made this whole scenario surreal. The radio has one report, my daughter has the live report, and we’re in the middle, trying to make sense of the whole thing…it’s impossible. You cannot make sense of this moment. I hear on the radio that the building collapsed, but I tell my daughter not to worry about it. It’s probably just all the trucks and everything rumbling around. I make up some nonsensical answer, and she was not in the mood to analyze anything. She was terrified.
Still no Coast Guard or police boats. We keep going under the bridge. Smoke billowing in front of us. The smell is unimaginable. It just smells like burning everything. It’s an acidic, rancid smell. Heartbreaking. Because I know what it is. We’re beginning to approach Governors Island. I tell Lenny to stay to the right, we’ll go around and then go straight towards Pier 11. So far, everything is going according to plan, a plan that is being made up as I go.
I’m looking at the smoke, the haze and everything and I’m in disbelief. My mind makes up that the tower is still there. “I can see the tower Lenny, can you see the tower?” “I can’t see it.” “It’s right there.” But it wasn’t there. It was gone. It was a pile of rubble. Confirmed by the papers, worksheets and everything flying through the air over our heads. Literally, pieces of paper. Pieces of paper that somebody sitting at their desk was working on an hour ago are now floating through the air, as well as the poor soul who was doing the work.
We’re around Governors Island and then, the inevitable. A small Coast Guard boat, that looks like a red inflatable boat, makes a B-line right for us. Machine gun mounted on the bow. I stand up on our bow and I’m frantically waving my father's flag that I’ve tied to the side of the boat. They come racing up in a no nonsense mood, helmets, guns, everything pointing right at us. They come right up next to our boat. “Where are you going?” “I’m going to pick up my daughter.” They turn, have a short conversation, I don’t know what’s gonna happen, then they turn back to me and say “Go ahead.” I could’ve fallen over.
I call my daughter again and thankfully get through and tell her head to the water. I’m coming up to Wall Street now. We head for the pier and pull up. lt’s kind of bouncy because of all the tugboats loading people on and getting them off the island. It was organized chaos but it was organized. I have so much respect for the men and women who handled that without panic. We pull up next to the pier. It’s about a 5- or 6-foot reach to the railing. I grab it. I’m holding on, ready to let go, throw my leg over the railing, and Lenny yells, “Don’t let go!” “Why? What’s the matter?” The engine died. This is great, I’m this close and I’m gonna fall in the water. I’m holding on with one hand on the boat and the other on the railing, being stretched like I’m in a torture device. Between the current and the bouncing, I don’t know how I stayed up. The longest 30 seconds of my life when he goes, “OK, OK. I got it.” I let go of the boat and climb over the side. I tell him to circle around right here. I’ll be back.
I begin to run up Wall Street. Unbelievably the first police officer I see on shore is from my hometown. He is directing people to the massive tugboats and the ferry boats getting people off of the island. He sees me and asks what I’m doing there. I explained to him that I’m going to get my daughter. He says good luck, I’ll see you at home.
Seconds later, strangely, an older lady comes up to me and says, “Excuse me, aren’t you Bobby O?” “Yes I am.” “Oh, I just love you. You are so fun to watch.” Then her son, who understood the gravity of the situation, says, “OK mom, come on, we gotta go.” I thanked her and her son and went on my way. Can’t make that stuff up.
I continued making my way up Wall Street. Incredibly, there’s my daughter coming down. It’s like a miracle. It’s a miracle in front of my eyes. I grab and hug her. We head back down to the water. We get to the water’s edge where the railing is, she looks down. Lenny has pulled up by then and she looks down and I said “Look, you gotta jump. There’s no other way, you’ve gotta jump.” It’s probably at least a 5-foot jump down to the deck to a bouncing boat with a wet bow being pushed around by the current and choppy water. She looks at me one last time, looks at the boat, and jumps. She lands and rolls but she is fine. I look around one last time at the surreal scene of I don’t even know what to call it. I jump down, hug my daughter again, sitting in our seats. We turn and head back down home. No one deserves this to happen to them.
This weekend, I am reminded of and send nothing but respect to the individuals, first responders, ferry and tug boat captains beside me, who organized amongst the chaos to help one another on a horrific day.
































