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PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States

PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States Just days after the UAE hinted at a growing dollar shortage in the Gulf nation by requesting swap lines with the Fed, Bloomberg reports that as Iran's struggling neighbors scramble to build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: the world's largest bond manager, Pacific Investment Management Co. Since the start of the Iran war, Pimco has lent more than $10 billion to state-backed and government borrowers in the...
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Mar 20, 2026 / Tyler Durden
'Radical' Biden Judge Reverses RFK Jr. On Trans-Child Surgeries, Other Procedures
'Radical' Biden Judge Reverses RFK Jr. On Trans-Child Surgeries, Other Procedures A federal judge deemed 'too radical' by GOP lawmakers during his confirmation hearings said on Thursday that he will grant a motion by blue states to vacate (reverse) a declaration by HHS Director Robert F. Kennedy Jr. blocking breast removal and other procedures for youths with gender dysphoria.  Oregon US District Judge Mustafa Kasubhai, who was appointed by Biden in late 2024 and only confirmed after Senate Democrats invoked cloture on his nomination by a 51-43 vote, said during a hearing that he would...
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Apr 23, 2026 / Tyler Durden
Trump Orders Navy 'Shoot & Kill' Iranian Boats Laying Mines, As US Intercepts Tankers From Hormuz To Indian Ocean
Mar 25, 2026 / Tyler Durden
Baltimore Democrats Triggered After Grok Generates Bikini Elon Musk, Sue xAI Over Sexual Deepfakes
Baltimore Democrats Triggered After Grok Generates Bikini Elon Musk, Sue xAI Over Sexual Deepfakes The left-wing one-party rule in Baltimore City can barely govern its own imploding metro area. Parts of downtown are ghost towns; the resident exodus has been severe; taxes are through the roof; industry has left; and decades of progressive policies have helped transform large parts of the metro area into crime-ridden no-go zones. Yet somehow, city officials still found the time to weaponize local agencies and go after Elon Musk.  Baltimore Mayor Brandon M. Scott and the...
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