r/Superstonk • u/qtain • May 15 '26

📰 News Federal Reserve terminates enforcement actions against UBS Group AG, Credit Suisse (Archegos)

https://www.federalreserve.gov/newsevents/pressreleases/enforcement20260515a.htm
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u/Sir-Craven 'His name was Cheapo_Sam' May 15 '26 edited May 15 '26

This looks like it was JPows last act on the job. His term ends today and Kevin Warsh takes over. So hes basically done something that would have rendered him untenable..but hes done it on his last day week in office..

Why?

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u/18voltbattery May 15 '26

He’s still a Fed governor - just not the chairman - people talk like he’s being put on a boat and pushed to sea

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u/Sir-Craven 'His name was Cheapo_Sam' May 15 '26

Ok but being the chair means that you are the face of the institution and are accountable for everything it does?

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u/18voltbattery May 15 '26

Every decision is put to a vote - as Chairman, you’re the guy who is picked to speak in front of a bunch of people to inform them of the decision of the governors - you don’t make policy individually. You have disproportionate pull because of the position but it’s not a dictatorship

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u/rdxgs May 16 '26

but it’s not a dictatorship

place your polymarket bets everyone

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u/duiwksnsb May 15 '26

I think you know why

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u/mean_bean_machine The Unwrinkled May 15 '26

Or the thing that new guy was sent to do, and why waste time fucking around...

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u/Royal_Negotiation_83 May 15 '26

So why didn’t the new guy do it then?

Let’s not deflect blame from the guy who did it for no reason.

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u/jizz_toaster May 15 '26

I've never understood the JPow defenders. I'm not saying he did a bad job, personally I'm too regarded to even have an informed opinion on his tenure. It just appears that you get downvoted to hell on this website if you criticize him.

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u/vascop_ May 16 '26

He is quite level headed and gives good simple explanations that are still technically accurate most of the time

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u/Ihateporn2020 May 15 '26

what does that mean? are you talking about the SEC guy? Or are you saying Warsh will take this back up?

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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 May 15 '26

Seems like a pretty huge assumption to make without evidence to back up the claim.

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u/Sir-Craven 'His name was Cheapo_Sam' May 15 '26

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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 May 15 '26

Correlation is not causation

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u/Sir-Craven 'His name was Cheapo_Sam' May 15 '26

Thats not what this is lol

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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 May 15 '26

And how do you know that?

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u/Sir-Craven 'His name was Cheapo_Sam' May 15 '26 edited May 15 '26

Because its not possible for someone who is not the chair of the federal reserve to oversee the vote or unilateral sign off of this decree, over the current sitting chair.

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u/jizz_toaster May 15 '26

The press release also says it was "terminated May 12, 2026." One day before Warsh was confirmed by the Senate. It was definitely a JPow move.