01-0041 USAF C-40B (was SAM114 earlier) on descent for San Bernardino Int'l Airport and having multiple go arounds at present.
Had quite the odd approach-did a fly by at San Clemente Island (red dot) and then over Catalina and ne to San Berdoo
BlackRock Breaks Ranks With Wall Street in Performing Race Audit
BlackRock Inc. is breaking ranks with peers on Wall Street by doing a deep dive into its business to see how it may contribute to racial inequities in the financial system. The world’s largest money manager plans to undergo an independent racial audit of its operations, following a request from a shareholder. Companies including Airbnb Inc. and Facebook Inc. have taken similar steps in the past few years. By contrast, Goldman Sachs Group Inc., Citigroup Inc. and Wells Fargo & Co. are asking shareholders to vote against proposals calling on them to do such audits, saying they’ve already taken measures to address racial injustice. JPMorgan Chase & Co. and Citigroup even went as far as asking regulators to block the resolutions; their appeals were denied.
Outside of finance, Johnson & Johnson also has asked its shareholders to reject a proposed racial audit of the company. The calls for racial audits have emerged since last year’s social injustice protests in the U.S. and President Joe Biden’s recent signing of an executive order to advance equality. The audits are conducted by third-party groups, which analyze companies’ business models from policies to products and services to determine whether they cause, reinforce or perpetuate discrimination. The investors that filed resolutions for BlackRock and other financial-services companies Service Employees International Union and CtW Investment Group said the industry has played a key role in perpetuating the racial wealth gap.
BlackRock, with $8.7 trillion of assets under management, said in a memo to employees Thursday that an external review of how its diversity, equity and inclusion policies impact stakeholders will provide useful feedback to assess its progress. The New York-based firm said it will start the audit in 2022.
https://www.bnnbloomberg.ca/blackrock-breaks-ranks-with-wall-street-in-performing-race-audit-1.1586295
JPMorgan’s Federally-Insured Bank Holds $2.65 Trillion in Stock Derivatives; How Did It Avoid the Archegos Blowup?
In late March, the Office of the Comptroller of the Currency (OCC) released its quarterly report on “Bank Trading and Derivatives Activities.” Graph 15 of the report shows that using data submitted by banks on their form RC-R of their call reports, JPMorgan Chase’s federally insured bank had exposure to $2.65 trillion in notional equity (stock) derivatives as of December 31, 2020. (Notional means face amount.)
That’s a stunning figure for the largest federally-insured bank in the United States to have in exposure to the stock market. But more stunning is the fact that according to the OCC, JPMorgan Chase’s equity derivative contracts represent 63 percent of the total $4.197 trillion of equity derivative contracts held by all federally insured banks and savings associations in the United States. To put it another way, there were 5,033 federally insured banks and savings associations in the United States as of September 30, 2020 according to the Federal Deposit Insurance Corporation (FDIC). But just one of them, JPMorgan Chase, accounts for 63 percent of all equity derivatives-cap#2
Making the situation even more jaw-dropping, of the $2.65 trillion that JPMorgan Chase holds in equity derivative contracts, 72 percent of them are private, bilateral contracts, known as over-the-counter contracts. This means that federal regulators likely have little to no knowledge of the terms of those contracts; who the counter-party is to JPMorgan Chase; if that counter-party has also obtained leverage under similar contracts at other Wall Street banks and is at risk of blowing up the whole of Wall Street if it implodes. (Think Citigroup, AIG and Lehman Brothers in 2008.) As to just how effectively the Obama-era Dodd-Frank financial reform legislation of 2010 actually reined in risk on Wall Street, the following statistic offers significant insight: According to OCC data, at the height of the financial crisis in the fourth quarter of 2008, equity derivative contracts held by federally insured banks totaled $2.2 trillion, versus $4.197 trillion today.
This raises the serious question as to whether the Senate Banking and House Financial Services Committees should be investigating the gamification of markets or the monetization of the stock market via Wall Street’s ownership of federally insured deposits. Given the outsized exposure that JPMorgan Chase has to equity derivatives and its history of high-risk dealings that have backfired, it strikes us as peculiar that the bank has not released a statement regarding its exposure (or non-exposure) to losses from the recent blowup of the hedge fund Archegos Capital Management as a result of its highly-leveraged equity derivative contracts with some of the biggest banks on Wall Street.
Given JPMorgan Chase’s five felony counts over the past seven years for its wild risk appetite, one has to wonder if there has been no mention by it of Archegos’ losses because it has gotten better at managing risk or simply better at managing the New York media. One notable fact stands out. According to JPMorgan Chase’s 13F filing with the Securities and Exchange Commission for the period ending December 31, 2020, JPMorgan Chase held 23.9 million shares of Discovery Inc. common stock – one of the key stock positions that collapsed in price in late March and helped to bring down the Archegos hedge fund. According to press reports, Archegos likely owned exposure to Discovery Inc. via an equity derivatives contract with a major Wall Street bank.
https://wallstreetonparade.com/2021/04/jpmorgans-federally-insured-bank-holds-2-65-trillion-in-stock-derivatives-how-did-it-avoid-the-archegos-blowup/
#74
D'oh
Notables, Not Endorsements
>>43469 The Wayback Machine: Statement by President Eisenhower Upon Signing the Communist Control Act of 1954-Death For Treason-presidency.ucsb.edu
>>43474, >>43478, >>43480 pf report(s)
>>43479 BlackRock Breaks Ranks With Wall Street in Performing Race Audit-bnnb-berg
>>43481, >>43482, >>43483 Beijing Accelerating Timeline for Possible Invasion of Taiwan, Expert Warns-Apr 4 epochtimes
>>43484 JPMorgan’s Federally-Insured Bank Holds $2.65 Trillion in Stock Derivatives; How Did It Avoid the Archegos Blowup?-wallstonparade
#74
#74
>>43463 D'oh
Notables, Not Endorsements
>>43469 The Wayback Machine: Statement by President Eisenhower Upon Signing the Communist Control Act of 1954-Death For Treason-presidency.ucsb.edu
>>43474, >>43478, >>43480 pf report(s)
>>43479 BlackRock Breaks Ranks With Wall Street in Performing Race Audit-bnnb-berg
>>43481, >>43482, >>43483 Beijing Accelerating Timeline for Possible Invasion of Taiwan, Expert Warns-Apr 4 epochtimes
>>43484 JPMorgan’s Federally-Insured Bank Holds $2.65 Trillion in Stock Derivatives; How Did It Avoid the Archegos Blowup?-wallstonparade
#74
BUGGS22 US Navy E-6b Mercury en from Tinker AFB
GORDO15 E-4 B Nightwatch done with EDDIE61 KC-135 tanker over Indiana
Japan, Germany to hold 2-plus-2 talks
Japan and Germany plan to hold the first-ever talks between their foreign and defense ministers as early as next week. The sides are making arrangements to hold the "two-plus-two" talks in a teleconference format.
Japan's Foreign Minister Motegi Toshimitsu and Defense Minister Kishi Nobuo are expected to hold discussions with German Foreign Minister Heiko Maas and Defense Minister Annegret Kramp-Karrenbauer. The sides are expected to confirm the view that recent activities by China, including efforts to expand its maritime reach in the East and South China seas, reflect increasingly hegemonic ambitions. They are also expected to exchange opinions on how to work together toward ensuring a free and open Indo-Pacific based on the rule of law. The German military plans to send a frigate to the region this summer.
The ministers will also likely confirm a plan to deepen security cooperation through joint exercises held by their defense personnel. Last year, the German government compiled guidelines on security in the Indo-Pacific region among other matters which signaled that the country is shifting from a China-centered diplomatic strategy in Asia. It is now looking to strengthen ties with countries like Japan.
Meanwhile, the Japanese government has been seeking to deepen cooperation with countries, like Germany, that it says share Japan's values.
https://www3.nhk.or.jp/nhkworld/en/news/20210406_04/
WARHK01 USAF OC-135W Open Skies goin' up the stairs back to Lincoln Muni Airport
Apple Inc. sold by Chief Operations Officer: $16.83m-Apr 5
Jeff Williams is Apple’s chief operating officer reporting to CEO Tim Cook. He oversees Apple’s entire worldwide operations, as well as customer service and support. He leads Apple’s renowned design team and the software and hardware engineering for Apple Watch. Jeff joined Apple in 1998 as head of Worldwide Procurement. Prior to Apple, Jeff worked for the IBM Corporation from 1985 to 1998 in a number of operations and engineering roles.
https://www.apple.com/leadership/jeff-williams/
https://finviz.com/insidertrading.ashx?oc=1496686&tc=7
when they stared doing 7,8 yr financing it was all about 'affordability' instead of wut it actually cost.
Well into inflating just about everything nao.
Gonna suck when the pin is pulled on mkts but they have a problem as they don't really want to do it while a dem is "in charge" and always do it with a republican.
2008 classic wrap-up..dump it all on Shrub so Hussein could rescue it all.
wut they said