tybs
WISER21 USAF E-4B Nightwatch south from Offutt AFB, Omaha
This AC was stationed at Davis-Monthan while POTUS was out west and looks like it made a trip to the Abilene facility after it left Davis yesterday
It made a trip back to Offutt earlier today and appears to be heading back to Abilene now
09-0015 USAF VIP C-32A departing JBA for Oakland County Int'l Airport, Michigan
-POTUS delivers remarks at a Make America Great Again Victory Rally
GLARE08 US Army Beech Guardrails on station over DC as POTUS departed
09-0017 USAF C-32A landed at Milwaukee Mitchell Airport
SAM942 USAF G5 on final approach for Oakland Cty Airport
have used all three of doze
GRZLY50 USMC C-560 departed Charlotte-Douglas Int'l Airport after an overnight-ne
this AC departed Miamar yesterday with ground stops at Monterey, CA Regional and Tulsa Int'l, OK prior to arrival at Charlotte
These usually do not travel this far east and had a few coastal roundtrips from Miramar to JBA with ground stops at Phoenix, Wichita, Tulsa, Amarillo, Leavenworth, Ft. Knox and a few others on the out and inbound at Miramar
US Treasury seen upping debt auction sizes, focus on new govt spending
The U.S. Treasury Department is expected to increase auction sizes when it announces its quarterly refunding next week and continue shifting more of its debt into longer-term obligations.
The Treasury has been boosting the size of its debt sales across the curve to pay for a rapidly expanding government deficit. The prospect of more spending to boost the economy once the result of next week’s presidential election is known could add to its financing need and the Treasury may signal a larger jump in issuance in 2021. Even without new fiscal stimulus the government is still expected to push more of its debt into the longer-end of the Treasury curve, after relying heavily on Treasury bills to finance a record $2 trillion of stimulus in the second quarter of this year. “The deficit for this year has been huge and I think that they want to continue terming out debt and relying less on T bills outstanding, which have more than doubled in 2020,” said Zachary Griffiths, an interest rate strategist at Wells Fargo in Charlotte.
A wildcard for U.S. debt issuance in the next few quarters will be who wins the election, and how much fiscal spending they can get through Congress. Republicans and Democrats have both voiced support for a fiscal boost to an economy battered by business shutdowns during the pandemic, though there are large differences in the size of any potential package.
A victory by Democrat challenger Joe Biden would likely spur spending of $2 trillion or more, especially if Democrats win control of the U.S. senate. Other initiatives including climate infrastructure would add to the bill. U.S. President Donald Trump also favors a relatively large package, though Senate Republicans have opposed going much above $1 trillion. The Treasury’s $1.7 trillion cash balance gives the government some room to pay for new spending without launching another deluge of bill issuance, “unless a Blue Wave brings even higher deficits,” said analysts at TD Securities. In either case “the likelihood of further fiscal stimulus after the election suggests that Treasury will need to keep preparing for larger deficits in the years to come by continuing to increase auction sizes,” they said.
The weighted-average maturity of the Treasury’s outstanding debt is now 63 months, seven months shorter than average levels in the five years leading up to the pandemic, analysts at JPMorgan said.
https://www.reuters.com/article/usa-bonds-refunding/preview-us-treasury-seen-upping-debt-auction-sizes-focus-on-new-govt-spending-idUSL1N2HL1Y1
Over 10,000 Robinhood Account Credentials Are Being Sold On The Dark Web, Bloomberg Discovers
When reports about Robinhood hacks started making their rounds earlier this month, the company said it only affected a "limited number" of accounts. Now, it looks as though that may be far from the truth.
Upon investigation by Bloomberg, it was discovered that a marketplace on the dark web is selling alleged access to over 10,000 email login credentials for Robinhood accounts. The number of Robinhood e-mail accounts available for purchase outnumber other brokerages by a factor of "5 to 1", according to the report.
Eli Dominitz, chief executive officer of Q6 Cyber, an e-crime intelligence firm explained to Bloomberg why he thought Robinhood emails were so much more prominent: “If they feel that Robinhood gives them greater upside than trying to steal money from Bank of America, that’s what they’re going to do.” In other words, hackers likely think that Robinhood's response is going to be lackluster.
Robinhood offered up the following excuse: “It is not uncommon for cyber-criminals to target customers of financial-services companies by attempting to use information sourced from the dark web.” Robinhood also said there were "no signs" that its systems had been breached. But, again, this appeared to be the same boilerplate response we saw earlier this month after many accounts were confirmed to have been breached.
While dark web data being sold isn't always accurate, it often is, Dominitz noted. One of the latest offers made on the marketplace for the tranche of 10,000 emails was for just $3.50 per email.
One Robinhood user, Ryan Bordner, hired an identity theft protection service after being hacked in mid-August. They told him that his information was "among those whose email credentials were sold on the dark web." Recall, in mid-October we pointed out that 2,000 Robinhood accounts had been hacked, with some having funds siphoned off to external accounts.
Days prior to that report, we published a story about Robinhood users who had seen their accounts looted and were at their wits' end with the company's customer service. Many affected claimed they were unable to contact anyone at the company after logging into their accounts and seeing their funds withdrawn. Robinhood claimed it was only “a limited number” of accounts that had been affected. But full credit to Bloomberg: at the time, they noted that these users weren't just one-offs, but rather part of a larger group of customers who had been compromised.
This now looks like it could be the case.
Some users said they saw no signs of hacking and had two-factor authentication enabled on their phones for extra protection. Soraya Bagheri is one such example. She had 450 shares of Moderna liquidated from her account and saw that $10,000 in withdrawals were pending. She tried to alert Robinhood, but instead got an email back saying the company would investigate and respond within "a few weeks". In the interim, her money was gone.
Bagheri said she contacted the SEC and FINRA alongside of three other users who had a similar problem. Two of the four users said that the SEC has sought more information from them.
One user, Miah Brittany Laino, said that two factor stopped one person from accessing her account on September 13 and then, after following Robinhood's suggestion to change her password, her account was still hacked. The next morning she woke up to a nightmarish barrage of messages: “It said ‘This stock sold. This stock sold. This stock sold.’ It’s like if you wake up at 4 a.m. and your house is on fire.” She said she received no response from the company and was unable to find a customer service phone number. She got a call from Robinhood on September 25, she said, informing her someone had created a fake ID under her name to re-activate her account, which had already been locked down for security reasons.
Robinhood eventually restored her money and her stock, but she said she will likely leave the brokerage: “I don’t want to sell right now. But I’m not going to put any more money into it. I don’t really trust them.”
Another customer, Robert Riachi, said his account is still "in limbo". He told Bloomberg that "thousands of dollars" had gone missing from his account and that the company assigned him 10 different case numbers, even after submitting his ID to try and straighten out the issue. He had four years of savings in his account and says he will move to Schwab when he gets his money back.
“I feel like my money could be put somewhere else, somewhere that has a human person that I can talk to. It’s kind of ridiculous that an investment app that’s handling people’s livelihoods, people’s money, has the audacity to make people wait several weeks to hear back anything,” he said.
https://www.zerohedge.com/personal-finance/over-10000-robinhood-account-credentials-are-being-sold-dark-web-bloomberg
Despite Its Five Felony Counts, the Federal Reserve Has Entrusted $2 Trillion in Bonds to JPMorgan Chase
Imagine that your neighbor across the street had been criminally charged with five felony counts for financial crimes in the past six years and admitted to committing each and every crime to the U.S. Department of Justice. Would you put one-third of all of your money in a safe, give that neighbor the combination, and ask him to hold the safe in his house for you? You would probably be suited up for a straight jacket if you did something like that. That’s effectively what the Federal Reserve, the central bank of the United States, has done when it comes to JPMorgan Chase. As of this past Wednesday, the Fed has a $7 trillion balance sheet and $2 trillion of its agency Mortgage-Backed Securities are sitting at JPMorgan Chase, the bank that the Department of Justice has charged with five criminal felony counts since 2014 – all of which it admitted to.
Since JPMorgan Chase first inked a contract with the Federal Reserve Bank of New York on December 31, 2008, it has been the sole custodian of all of the agency Mortgage-Backed Securities (MBS) that the Fed had bought in its long-running Quantitative-Easing programs. The contract was updated on January 30, 2017 and continues to this day. We confirmed that fact with the New York Fed yesterday. As of this past Wednesday, JPMorgan Chase was holding $2,000,305,000,000 (principal amount) in MBS backed by Fannie Mae, Freddie Mac or Ginnie Mae that belongs to the Fed. The Fed apparently saw no need to find a new custodian for the $1.49 trillion of MBS that JPMorgan Chase was holding for the Fed on January 7, 2014 when the Justice Department charged the bank with two criminal counts for its role in the Bernard Madoff Ponzi scheme. The bank admitted to the charges; paid $1.7 billion into a Madoff victims fund; and was given a 3-year Deferred Prosecution Agreement and put on probation for the same period.
The Fed was apparently not worried about JPMorgan holding $1.7 trillion of the Fed’s MBS on May 20, 2015 when the bank was charged with its third criminal felony count in less than a year and a half. On that occasion, JPMorgan Chase pleaded guilty to one criminal count brought by the Justice Department for its role with other banks in rigging the foreign exchange market. The bank paid a fine of $550 million and was put on probation again. And when the bank admitted to its fourth and fifth felony count on September 29 of this year, once again the Fed saw no reason to remove its $2 trillion in mortgage securities from the sticky palms of JPMorgan Chase. The latest felony counts, once again brought by the Justice Department, involved “tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts” and “thousands of episodes of unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds,” according to the Justice Department. The bank agreed to pay $920 million in fines and restitution to various regulators. It was given another Deferred Prosecution Agreement and put on probation for the third time.
Could this story get more outrageous? Yes it can. Not only did the Federal Reserve look the other way at five criminal felony counts, but it looked the other way as JPMorgan Chase was repeatedly charged with fraud involving the very same securities it was holding for the Fed. On November 15, 2013, JPMorgan Chase announced that it had agreed to pay $4.5 billion to settle claims by private investors that it had defrauded them in mortgage-backed securities. On November 19, 2013, JPMorgan agreed to pay $13 billion to settle claims by the Department of Justice, the FDIC, the Federal Housing Finance Agency, and various State Attorneys General over its fraudulent practices involving mortgage-backed securities.
moar
https://wallstreetonparade.com/2020/10/despite-its-five-felony-counts-the-federal-reserve-has-entrusted-2-trillion-in-bonds-to-jpmorgan-chase/
GRZLY50 USMC C-560 departed Dulles Int'l west after a ground stop-inbound from Charlotte-Douglas Int'l after an overnight.-This AC should make one or two stops on it's trip back west to Miramar.
>>11352834 pb
WALDO13 USAF E-4B Nightwatch west from JBA after returning home last night with the Sec. of Defense aboard after a Tel Aviv. Israel and Aqaba, Jordan ground stop
https://twitter.com/EsperDoD
o7