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GCA Mortgage Forums HEADLINE NEWS FOR Wednesday February 12th 2025
In today’s GCA Mortgage Forums Headline News for Wednesday, February 12th, 2025, we will cover the latest update on the progress President Donald Trump is making. Elon Musk, the appointed head of the Department of Government Efficiency (DOGE), is making great progress in the one week he officially started as head of DOGE. Elon Musk discovered hundreds of millions of taxpayer dollars that are unaccountable for. Elon Musk questioned whether the missing funds were laundered or misappropriated. Musk also questioned how an elected official can make $174,000 per year and have a net worth of $20 million. Were they savvy investors? Was it a book deal? Was it family inheritance? Or was it fraud? The one’s who scream the loudest are the one’s that have something to hide. President Donald Trump pardoned former Illinois governor Rod Blagojevich and is considering offering Blagojevich the job of becoming the United States Ambassador to Serbia. Tom Homan and Homeland Secretary Kristi Noem are aggressively working on hunting down illegal immigrants and starting deportation procedures. Trump is working on tariffs for China, Canada, and Mexico. Attorney General Nominee Pam Bondi has cut off funding to sanctuary cities and states. President Donald Trump is directing Elon Musk to do a full audit of the Federal Reserve Board to determine the amount of money the Feds are siphoning from U.S. taxpayers. Bondi is suing mayors and governors of sanctuary cities and states. There was talk that Pennsylvania Governor Josh Shapiro headed President Donald Trump’s assassination attempt. New York City Mayor Eric Adams had all of his federal charges dismissed under the directive of the Trump Administration. Chicago and 25 states are expected to get a snowstorm, including bitter cold and treacherous driving conditions. Inflation numbers are still high, as are interest rates. Prices of gold and silver per ounce are hitting all-time highs again. GCA Mortgage Forums Headline News will update GCA Mortgage Forums NEWS articles as new development get updated.
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You can find the highlights of GCA Mortgage Forums Headline News on February 12th, 2025, below:
GCA Mortgage Forums Headline News Summary
Day by Day with President Trump:
- Monitor the progress, activities, and actions being executed by President Trump.
Elon Musk and DOGE:
- An Elon Musk update.
- Elon Musk, the Head of the Department of Government Efficiency (DOGE), has “found” hundreds of millions that were perhaps not unaccounted for.
- He sounded the alarm for possible laundering or theft alongside the audacious claim of so many powerful elected officials whose figures do not match their net worth.
Pardoning Rod Blagojevich:
Former Illinois Gov. Blagojevich received a pardon from Trump, who is now considering appointing Blagojevich as the U.S. ambassador to Serbia.
Immigration Enforcement:
The Trump Administration’s Tom Homan, along with Homeland Secretary Kristi Noem, have stepped up deportation efforts for illegal aliens.
AG Nominee Pam Bondi has defunded several sanctuary cities and is preparing to sue the mayors and governors of these regions.
Economic Policies:
Trump is focusing on tariffs in China, Canada, and Mexico.
The Federal Reserve Board will also be opened for a complete audit to check for the alleged taxpayer’s money.
Political Controversies:
- New rumors have come out about Pennsylvania Governor Josh Shapiro being involved in the assassination attempt of Trump.
- Under Trump’s Orders, All Federal Charges Against New York City Mayor Eric Adams Were Dropped.
Weather Update:
Freezing temperatures, accompanied by snow and other severe weather, are projected in Chicago and 25 other states.
Economic Indicators:
Gold and silver are at all-time highs, while inflation and interest rates remain steady at their peaks.
Expect these and other developments in upcoming GCA Mortgage Forums News articles.
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What is the current status of the Federal Reserve audit?
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Like many entities, the Federal Reserve faces several layers of audits each year.
Below is an exhaustive breakdown of the present situation:
Independent Auditors: A qualified independent public accounting company audits the financial statements of the Federal Reserve Board of Governors, the 12 Federal Reserve Banks, and their related LLCs for a year. In 2023, the Federal Reserve Board issued consolidated annual audited financial statements and accompanying notes. KPMG LLP provided unmodified opinions stating that the financial statements were free of material misstatements.
Government Accountability Office (GAO): The Federal Reserve’s GAO audit is often included in the GAO’s annual reviews. In 2023, the GAO completed eleven projects concerning the Federal Reserve and had fourteen projects underway as of December 31, 2023. The GAO has numerous audit authorities under various acts, such as the Federal Banking Agency Audit Act or the Dodd-Frank Act and its orders.
Office of Inspector General (OIG): The OIG for the Federal Reserve Board works independently of the Federal Reserve System and is responsible for auditing and evaluating the Reserve Bank’s programs and operations that are assigned to the Board, as well as investigating other regulatory matters. The Office of Inspector General’s operations aim to ensure economy and efficiency and the prevention of fraud, waste, and abuse.
Public Disclosure: The Federal Reserve bills can be publicly accessed at their website. This enhances the transparency surrounding the Fed’s finances and other activities.
Legislative Context: Some legislation, like the ‘Federal Reserve Transparency Act,’ has attempted to include Federal Reserve monetary policy actions in the scope of GAO audits. However, these attempts have not been enacted in law, which means that the limitations on the review of the GAO’s monetary policy deliberations continue to exist.
Audit Confirmation Process: Institutions must confirm their balances with the Federal Reserve during the year-end audit. These confirmations can be done electronically via Thomson Reuters Confirmation or directly through an email from KPMG, guaranteeing that the financial statements are accurate.
Various posts on X seem to indicate sentiment regarding the Federal Reserve audits. Some claim that the audits were left incomplete. Others blame politicians for not attempting to audit the Federal Reserve more thoroughly. These tweets indicate political or public opinion rather than factual audit completion information.
There is mention of 22 states filing a lawsuit demanding an audit. However, no indications from the GAO or OIG suggest an operational or finalized audit status.
Another post noted the suspension of the Federal Reserve Audit due to ongoing litigation with the Federal Reserve’s Office of the Inspector General. While this is precise to one component of their oversight, it gives context to the audit status.
The Federal Reserve is annually subjected to external audits by the GAO and OIG, including the OIG composite report and its financial statement findings, all made public. However, the public and political interests find a broader scope of such audits, especially around public monetary policy, remains.
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A Circuit Court Judge has found that the State of Illinois FOID Card Act which requires its citizens to acquire the card prior to practicing their right is unconstitutional in an order that just came out. JB PRITZKER, governor of Illinois is not too happy,
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Sanctuary cities are facing tough decisions after Attorney General Pam Bondi halted federal funding for jurisdictions that obstruct immigration enforcement. The Trump administration is taking aggressive legal action against cities like Chicago and Cook County, accusing them of harboring criminal illegal immigrants. Bondi has also ordered investigations into municipalities impeding law enforcement, signaling a shift back to prosecuting violent crimes rather than politically motivated cases. Cities like Philadelphia, Denver, and Boston continue to resist federal enforcement, prioritizing illegal immigrants over law-abiding citizens. Meanwhile, ICE is actively removing criminal offenders—including child rapists—from sanctuary jurisdictions like Seattle. The upcoming congressional testimony of Chicago Mayor Brandon Johnson is expected to expose the flawed policies of sanctuary cities, with federal funding cuts likely forcing these liberal strongholds to rethink their stance. The crackdown underscores a return to law and order, challenging the progressive agenda that puts American citizens at risk.
𝗧𝗜𝗠𝗘𝗦𝗧𝗔𝗠𝗣𝗦
Sanctuary Cities Face Federal Funding Cuts
Bondi’s Push Against Sanctuary City Obstruction
Philadelphia’s Sanctuary City Celebration
Federal Efforts to Combat Sanctuary City Policies
The Trump Administration vs. Sanctuary Jurisdictions
Mainstream Media’s Silence on Immigration Enforcement
Chicago’s Sanctuary Status in the Spotlight
Sanctuary Cities Under Pressure in Congress
Protecting Criminal Illegal Aliens: A Liberal Prioritization
Bondi’s Return to Prosecuting Violent Crime
Trump’s Border Success Compared to Biden’s Debacle
https://youtu.be/FMRZOupVVfo?si=GVFuyRtv2KoTv5Lx
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Illinois House Republican Leader, Tony McCombie and Rep John Cabello, tell reporters of what they say are MASSIVE payments being made to aid illegal immigrants in Illinois, and note the state is now facing a deficit measured in billions of dollars. https://youtu.be/Nynjq1V8Pvo?si=jKvyfz-A62YJ29Kf
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Chicago Mayor Brandon Johnson calls Federal Immigration and Custom Enforcement Agents in Chicago looking for illegal immigrants to deport to their homeland an act of Terror.
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President trump has started deporting unlawful US residents who are criminals and national security threats to the notoriously controversial guantanamo bay prison. While public safety advocates cheer this as a win for the law abiding, immigration advocates fear its a sign of things to come…
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19 State Attorney Generals are investigating Dr. Anthony Fauci on crimes against humanity despite Former President Joe Biden’s preemptive pardon. Besides the 19 states Attorney Generals, Attorney General Pamela Bondi and FBI DIRECTOR Nominee Kash Patel has interest in investigating Dr. Anthony Fauci on crimes against humanity.
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Donald Trump and Gavin Newsom face off in a heated debate, with Newsom desperately trying to defend his disastrous record in California. As tensions rise, Vinny Gambini steps in, delivering a brutal, no-holds-barred rant that leaves Newsom flustered and exposed! With Trump staying classy and Vinny dropping F-bombs like a machine gun, this skit delivers hilarious political satire while calling out corruption, incompetence, and the left’s failed policies! A must-watch showdown that leaves no stone unturned!!!!
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