ty for the correction frb
09-0016 USAF C-32A went to New Castle Cty Airport -guess Not AF1 Joe and Flauxtus leaving sooner instead of later or the AC gonna sit there until 7:25p EST-according to issued schedule
BANKR27 USAF KC-46 Pegasus took over from 0 DC-10 extender who went back to McGuire
>>121554 lb
02-5001 USAFSOC C-32B on final at Nashville Int'l from NAS Oceana
Royal AF RRR9103 A330 departed Nellis-dis one arrived on 0114 from Bermuda ground stop after a departure from Lajes Airport- Azores
B-2s based dhere and I think there is a prison dhere as well.
Qatar AF LHOB240 C-17 east from Marrakech depart
Arrived on 0115 from a Beirut ground stop and Doha depart earlier
Egyptian AF 1283 C-130 Hercules on descent for the middle of nowhere in Algeria from a Burkina Faso depart
check dat Egyptian C-130
seems it has the same trans problem as the one that comes to CONUS periodically.
Altitude all over the place
Nomura, JPMorgan and Goldman Sachs Received a Cumulative $8 Trillion from the Fed’s Emergency Repo Loans in Fourth Quarter of 2019
The Dodd-Frank financial reform legislation of 2010 ordered the Government Accountability Office (GAO), an investigative body for Congress, to audit the Fed’s alphabet soup of emergency lending programs conducted during and after the 2008 financial crisis. The GAO found that a cumulative $16.1 trillion had been pumped out to Wall Street firms by the Fed – at super cheap interest rates. The GAO provided data for the peak amounts outstanding and also a cumulative total.
Why is a cumulative total essential and relevant? Because one institution in 2008, Citigroup, was insolvent for much of the time the Fed was flooding it with cheap loans. (Under law, the Fed is not allowed to make loans to an insolvent institution.) And when an insolvent institution is getting loans rolled over and over by the Fed for a span of two and a half years, at interest rates frequently below one percent when the market wouldn’t loan it money at even double-digit interest rates, it’s highly relevant to know the cumulative tally of just how much Citigroup got from the Fed. According to the GAO, that tally came to $2.5 trillion for just some of these Fed loan programs.
The academic scholars that compiled the Fed’s loans during the financial crisis for the Levy Economics Institute also provided cumulative tallies. Their tally, which included additional Fed bailout programs not included by the GAO, came to $29 trillion.
The largest of the Fed’s emergency loan programs to Wall Street trading houses in 2008 was called the Primary Dealer Credit Facility, or in alphabet-soup-speak, PDCF. It made a cumulative tally of $8.9 trillion over a span of more than two years. Just three Wall Street trading firms received 64 percent of that money: Citigroup, a cumulative $2.02 trillion; Morgan Stanley, a cumulative $1.9 trillion; and Merrill Lynch, a cumulative $1.78 trillion.
Back in 2008 there was no law that forced the Fed to ever reveal the names of the banks that borrowed this money from the Fed and the amounts borrowed. The Dodd-Frank legislation made these disclosures by the Fed the law of the land. But Dodd-Frank set up a two-tier level of disclosures. If the emergency lending program was under Section 13(3) of the Federal Reserve Act, as the Primary Dealer Credit Facility was, the Fed would have to reveal the firm names and amounts borrowed one year after the program had been terminated. But emergency operations conducted through the Fed’s so-called “open market” operations would not have to reveal the names of the firms and amounts borrowed until two years after the loans were made. Thus, it appears that in 2019 the Fed decided to make astronomical sums available to Wall Street’s trading houses not through a Primary Dealer Credit Facility (which it set up again in March 2020) but through its repo loan open market operations.
The repo loan market is an overnight loan market where banks, brokerage firms, mutual funds and others make one-day loans to each other against safe collateral, typically Treasury securities. Repo stands for “repurchase agreement.”
On September 17, 2019 the overnight loan rate spiked from an average of about 2 percent to 10 percent – signaling that one or more firms were in trouble. So the Fed effectively became the repo loan market on September 17, 2019 and exponentially grew the amount of loans it was making over the following months. Its repo loans lasted until July 2, 2020, by which time it had re-established the alphabet soup list of emergency loan programs from 2008.
The Federal Reserve Board of Governors in Washington D.C., an independent federal agency, outsources the vast majority of its emergency lending programs to the New York Fed, one of 12 privately owned regional Fed banks. The largest shareowners of the New York Fed are the following five Wall Street banks: JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of New York Mellon. Those five banks represent two-thirds of the eight Global Systemically Important Banks (G-SIBs) in the United States. The other three G-SIBs are Bank of America, a shareowner in the Richmond Fed; Wells Fargo, a shareowner of the San Francisco Fed; and State Street, a shareowner in the Boston Fed.
We have now crunched the numbers for the New York Fed’s emergency repo loans for the periods in which it has thus far released the names of the borrowers: the last 14 days of September 2019 and the full fourth quarter of 2019. (The New York Fed is releasing the transaction data on a quarterly basis here. You have to delete the Reverse Repo transactions.)
1 of 2
2 of 2
After crunching the numbers, it now appears that the New York Fed may have intentionally thrown in a dizzying array of term loans to this one-day (overnight) repo loan market in order to disguise the fact that the trading units of the largest banks it supervises were the largest borrowers.
For example, the New York Fed offered one-day repo loans every business day but periodically also added 14-day, 28-day, 42-day and other term loans. Let’s say a trading firm took a $10 billion loan for one-day but on the same day took another $10 billion loan for a term of 14 days. The 14-day loan for $10 billion represented the equivalent of 14-days of borrowing $10 billion or a cumulative tally of $140 billion. If we simply tallied the column the New York Fed provided for “trade amount” per trading firm, it listed only $10 billion for that 14-day term loan and not the $140 billion it actually translated into.
When we tallied the New York Fed’s “trade amount” column for the fourth quarter of 2019, the New York Fed’s repo loans came to $4.5 trillion. But when we set up a new column that adjusted the loans by the number of days in the term, the Fed’s repo loans for the fourth quarter of 2019 came to $19.87 trillion, or 4.4 times the “trade amount” column.
Just six trading houses received 62 percent of the $19.87 trillion, as illustrated in the chart above. The parents of three of those firms, JPMorgan Chase, Citigroup and Goldman Sachs, are shareowners of the New York Fed. The New York Fed is allowed to electronically create the trillions of dollars it loans at the push of a button. Below is the chart that shows the understated amounts borrowed using just the New York Fed’s “trade amount” column for the fourth quarter of 2019. Below that we’ve also adjusted the Fed’s repo loans to account for the number of days in the term for the period of September 17, 2019 through September 30, 2019. (The Fed released this transaction data separately at the end of September in 2021.) It shows, convincingly, that from the get-go of the financial crisis in 2019, the same three firms were at the center of the borrowing.
The Fed originally tried to pass the problem off to corporations draining liquidity from the financial system by withdrawing their quarterly tax payments in the fall of 2019. But among the largest depository banks in the country where those quarterly tax payments would be held are Wells Fargo Bank and Bank of America, in addition to JPMorgan Chase and Citigroup’s Citibank. But as the chart below shows, neither Wells Fargo nor Bank of America seem to be having any major liquidity issues. In addition, three of the largest borrowers (Nomura, Barclays and Deutsche) are the trading affiliates of foreign banks. Are we really expected to believe that U.S. corporations are holding their quarterly tax payments with the trading units of foreign banks?
The Fed’s audited financial statements show that on its peak day in 2020 the Fed’s repo loan operation had $495.7 billion in loans outstanding. On its peak day in 2019, the Fed’s repo loans outstanding stood at $259.95 billion. It should be noted that there was no COVID-19 pandemic crisis in the U.S. in 2019. The first case of COVID-19 in the U.S. was reported by the CDC on January 20, 2020.
It’s long past the time for the Senate Banking Committee and the House Financial Services Committee to haul the relevant parties to a hearing, put the witnesses under oath, and get to the bottom of this second clandestine Wall Street bailout by the Fed in the span of 11 years.
https://wallstreetonparade.com/2022/01/nomura-jpmorgan-and-goldman-sachs-received-a-cumulative-8-trillion-from-the-feds-emergency-repo-loans-in-fourth-quarter-of-2019/
forgot dis
Primary Dealers
Primary dealers are trading counterparties of the New York Fed in its implementation of monetary policy. They are also expected to make markets for the New York Fed on behalf of its official accountholders as needed, and to bid on a pro-rata basis in all Treasury auctions at reasonably competitive prices.
https://www.newyorkfed.org/markets/primarydealers
Coupla Israeli AF C-130s up and heading nw
NEPAL Hercules and 662 Super Hercules
PRAM97 US Navy E-6B Mercury ne from MacDill-been there since Saturday
This was TOLL79 from Saturday
Some pf housekeeping from earlier today
02-5001 USAFSOC C-32B went back to Eglin from Nashville Int'l ground stop
Royal AF RRR9103 from Nellis went to Charleston Int'l S.C.
not much-able to get better rest nao..was not possibruh before-the cycle was one hour or less up then one hour down for many weeks.
Less acute nao but still sucks ballz.
Royal AF RRR C-17 Globemaster departed Kiev and current-heading back to RAF Brize Norton and not going over German Airspace.
Wanted to check on the story from QR and yep it doing dat- history cap#2
(ty pf from next door-o7)
>I still look mebby 1-2x a day
British aircraft avoid Germany on Ukraine weapon supply run
Two British C-17 transport aircraft carrying weapons to Ukraine were forced to fly around German airspace after Germany refused to supply defensive weapons to Ukraine.
Tens of thousands of Russian troops are positioned close to the Ukrainian border, according to the UK Defence Secretary, “Their deployment is not routine, and they are equipped with tanks, armoured fighting vehicles, rocket artillery, and short-range ballistic missiles”. This build-up has resulted in Ukraine requesting assistance from allies, with two British transport aircraft heading to Ukraine with anti-armour weaponry. German position that it will not supply defensive weapons to Ukraine is 'unchanged', foreign minister @ABaerbock said at the press conference with the Ukrainian FM @DmytroKuleba in Kyiv. 'Our restrictive position to weapons supply is well-known and is rooted in history', she said pic.twitter.com/95SVxol6n9
https://ukdefencejournal.org.uk/british-aircraft-avoid-germany-on-ukraine-weapon-supply-run/
>life sux if you don't get proper sleep
Amen brutha still gotta take something to get it (hate that) but even that wasn't working before
The worst feeling is taking something for sleep albeit melatonin or ambien and having it make you drowsy but no sleep.
gettin better slowly-each day notice some small diffs.
Whatever I am allergic to seems to have abated-had terrible reaction to something that started a week ago today.
I eben said over the summer that I felt like I needed to sleep for 3 months.
Muh daily meds list (keep track of them) is getting shorter.
MRI tomorrow
>>121461 lb
After yet another short ground stop at MCAS Yuma yesterday dis went back to Kansas City Int'l (where it left for Yuma) and it has now departed Kansas City Int'l and heading back to Brussels.
Done this twice that I've seen lately
All the way ober here (the other destination was Minneapolis) spends the night and then the short ground stops at Yuma and back to Kansas City/Minneapolis for an overnight and back to Brussels.
ty muh fren
dis one should be easier as only about 20 minutes or so and a short but very painful ride in the car
Dhey din't do lumbar when in ER (eben though it was ordered-faggits can't read) so I ain't paying for dat.
Sent me ober for them without an IV and it was w/contrast.....DERP!
Out of all the medical 'professionals' I have come across over the last two months I count two that give/gave a shit.
Sure that is the case for many others so I ain't special.
luckily one of the two is nao muh primary Dr.
the other was a great nurse in hospital.
dat enough about muh probs nao.
be in here at regular time then out until afternoon (yours).
09-0016 USAF C-32A departed New Castle County Airport to JBA
Only an hour late from wut I habs no idea as this is all he 'did' today
>used pharma restraint
So much can go wrong doing that and many people do it cause they try to save money.
N'bor in old hood dhere kids did that without anyone around to watch and sure as shit he fell and no one knew for hours.
Luckily it was not serious but it din't help overall.
hello frb
100% agree
why I removed muhself from it all in 2017/18 was not doing any good.
Problem nao is that I need parts of it and it's so much worse.
>pf reports
ty for that...can concentrate better nao so that is why I came back
Couldn't before...not eben to shitpost.
California and laws... BWAHAHAHAHAHAHA!
I do hear ya though.
Only you know yer own body and capability up to a certain point them you habs to have responsible family such as yerself to take over and make those decisions.
We gonna habs some issues with that as we have no kids.....mebby just get on a sailboat and go that way..kek!
they may get a hold of some of the equities and good for them (I've never been against wut they tried-just understand it's kinda rowing uphill) but that will never work with the Ag (Comex)..wish it did but that is impenetrable by retail.
That huge short by Bank of America (leased phyzz from JPM) starts becoming an issue in March and then April.
But since it's all paper bullshit it can go on for long time.
moved to credit union long ago but as I found out a few years ago the Morgue basically controls those too.
China Property Bond Losses Pass $82 Billion: Evergrande Update
China’s debt-saddled property developers have seen their offshore bonds lose $82 billion in value, and more losses and defaults are likely, analysts at Bloomberg Intelligence said.
Investor concerns about concealed debt at Logan Group Co. on Monday fueled a heavy selloff in Chinese dollar bonds, both investment-grade and and high-yield. A key interest rate cut by China wasn’t enough to stem a drop in property stocks, with traders calling for more policy support as the economy slows.
The market capitalization of China property’s offshore bonds has dropped from $151 billion of par value to $69 billion of market value, indicating more than $80 billion in investor losses, Bloomberg Intelligence credit analyst Andrew Chan wrote in a note. This excludes losses from onshore bonds.
If China refrains from aggressively easing property policy, more losses and defaults could be coming, he said. Should a developer with a national footprint run into trouble, home buyers worried that projects may not be completed could end up avoiding purchases from all private property firms.
moar
https://www.bnnbloomberg.ca/china-property-bond-losses-pass-82-billion-evergrande-update-1.1708950
Loss is still an expletive for Wall St...
Mark-to-model vs Mark-to Market
and the credit rating agencies are where with this nao??
All off-shore i.e. embedded within western banks.
They have another big payment due in April which they won't make and the credit agencies will still be Sgt. Schultz
habs never trusted ANY bank
When I was actively trading they (was Wash Mutual at time) always pulled the "we're gonna hold this for 3-5 days"
They were not small checks either...5 figs
I always made them send checks cause you had to plan for those types of withdrawals and had loads of problems with wires (this was around Y2k) so they used that as an excuse.
credit union ever since but not out of any great love for them.
At the time I thought they were safer but they just like the rest-the only difference is it's not FDIC but insured by NCUA.
Neither of them have it either way so we only keep bill paying money in it.
Always used cash and habs never had a debit card.
>>121477 lb
BOXER98 C-40C from last night that got diverted to Richmond because of weather is now back at JBA
Spanish AF AME4508 Falcon 900 coming over for a visit-stopped of at Lajes Airport (Azores) from it's Madrid departure earlier.
Must have dropped someone or something off dhere as it has moar than enough range Madrid to CONUS
Was dhere for about 90 minutes
Spanish AF in at JBA
read some of it next door
They should keep using red text d'oh cause that has always made anyone using it moar right.
kek
That seems the most logical reason
It never matters to them as its just fuel to keep making moar shit up.
Love the statement king as usual.