Ok, so in case there were any questions about whether Mike Flynn’s guilty plea was a pandora’s box, ABC reports that Flynn is now prepared to testify against Trump.
Specifically, Flynn is said to be willing to admit that Trump “directed him to make contact with Russian officials.”
- FLYNN ADMITS MAR-A-LAGO CALL TO DISCUSS TALKS WITH AMBASSADOR
- FLYNN HAS AGREED TO COOPERATE WITH PROSECUTORS IN RUSSIA PROBE
- FLYNN HAD CONTACT WITH `SENIOR’ TRANSITION AIDE RE: AMBASSADOR
Needless to say, the dollar is diving:
Gold and the VIX are soaring:
Stocks are plunging and yields are falling with Treasury futures volumes surging as ~200k TYH8 trading over 5- minute period from 11:05am ET; 10Y futures drop through 2.36%, lower by up to 5.5bp on the day. At least 435 members of the S&P are in the red and the S&P 500 Advancers-Decliners index is at the lowest since August.
Statement from Dianne Feinstein
Washington—Senate Judiciary Committee Ranking Member Dianne Feinstein (D-Calif.) released the following statement on the guilty plea by former National Security Advisor Michael Flynn:
“Michael Flynn’s guilty plea is about more than just lying to the FBI. What he lied about and when he did it are of even greater significance.
“This shows a Trump associate negotiating with the Russians against U.S. policy and interests before Donald Trump took office and after it was announced that Russia had interfered in our election. That’s a stunning revelation and could be a violation of the Logan Act, which forbids unauthorized U.S. citizens from negotiating with a foreign power.
“It’s critical that we determine whether Flynn spoke with the Russians on his own initiative and who knew and approved of his actions. This is just one more proof point that these investigations must be allowed to continue without interference.”
The Logan Act states:
“Any citizen of the United States, wherever he may be, who, without authority of the United States, directly or indirectly commences or carries on any correspondence or intercourse with any foreign government or any officer or agent thereof, with intent to influence the measures or conduct of any foreign government or of any officer or agent thereof, in relation to any disputes or controversies with the United States, or to defeat the measures of the United States, shall be fined under this title or imprisoned not more than three years, or both.
“This section shall not abridge the right of a citizen to apply, himself or his agent, to any foreign government or the agents thereof for redress of any injury which he may have sustained from such government or any of its agents or subjects.”