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Mark Walter Probe Puts Wall Street's Insurance-Private Credit Machine Under DoJ Scrutiny
Mark Walter Probe Puts Wall Street's Insurance-Private Credit Machine Under DoJ Scrutiny
An ongoing federal investigation into billionaire Mark Walter's business empire is raising alarm bells about Wall Street's use of insurance capital to finance private credit and other illiquid investments.
Bloomberg reported that Walter's TWG Global holding company said in a filing that it will wind down its exposure to affiliated businesses by up to $6.5 billion after the transactions drew scrutiny from federal investigators. This comes after the Department of Justice homed in on loans that should've been marked...
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Aug 12, 2026 / Dave DeCamp
Trump Claims the US Has ‘Total Control’ Over the Strait of Hormuz and May ‘Keep It’
President Trump claimed on Wednesday that the US has “total control” over the Strait of Hormuz and may “keep it” despite Iran continuing to demonstrate its control of the waterway and engaging in negotiations with Oman on its future. “The USA has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT! […]
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Apr 29, 2026 / Tyler Durden
US May Deploy Hypersonic Missiles Against Iran As Centcom Set To Brief Trump On New Military Options
US May Deploy Hypersonic Missiles Against Iran As Centcom Set To Brief Trump On New Military Options
US Central Command has asked to send the Army’s long-delayed Dark Eagle hypersonic missile to the Middle East for possible use against Iran, seeking a longer-range system to hit ballistic-missile launchers deep inside the country Bloomberg reports.
If approved, this would mark the first time the US will have deployed its hypersonic missile, which is running far behind schedule and hasn’t been declared fully operational even as Russia and China have deployed their own...
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Jun 17, 2026 / Tyler Durden
"Zero Hormuz Dependency": UAE Races To Rewire Energy Flows, Bypassing Chokepoint Chaos
"Zero Hormuz Dependency": UAE Races To Rewire Energy Flows, Bypassing Chokepoint Chaos
The shuttered Strait of Hormuz is expected to reopen within days, though conflicting reports suggest the US-Iran memorandum of understanding could be formally signed as early as today, Thursday, or Friday. Either way, the interim peace deal appears likely to be signed within the next 48 hours, setting the stage for energy flows through the critical maritime chokepoint to begin normalizing, a process that could take many months.
The broader takeaway is that buyers of crude, refined...
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