tyb
insurance is such a headache..most o the illegals here don't have it so we all pay for it.
Have the low miles insurance since I don't need to drive much-buying where we did was a bit strategic that way.
Spouse has minimal commute too.
Citi Is Denied Stay of Mistaken-Transfer Ruling During Appeal
Citigroup Inc. lost another round in its legal fight to reclaim more than half a billion dollars it accidentally sent to a group of Revlon Inc. lenders last summer, as a judge declined to put a freeze on the money while the bank pursues an appeal. However, the parties in the case agreed to keep the funds on hold while Citi decides whether to seek an injunction from the appeals court freezing the money while it challenges the decision.
https://www.bnnbloomberg.ca/citi-is-denied-stay-of-mistaken-transfer-ruling-during-appeal-1.1602901
from August 2020
Citibank Accidentally Wires $900 Million To Revlon Lenders In 'clerical Error'
On August 16, the mortgage operations employees at Citigroup Inc., via Bank of New York’s lending operations staff wired $900 million to lenders mistakenly for Revlon Inc. Citigroup advised lenders that it was a “clerical error” on behalf of cosmetics firm run by Ron Perelman. Citigroup has now appealed for reimbursement from Revlon, who had largely been in default on its mortgages, according to reports. In one of the greatest errors of all times, the financial institution has plunged into a battle with Revlon as it was unable to recoup any small portion of funds back.
According to reports, three lenders that the Citi group accidentally provided the loans on behalf of Revlon namely Brigade Capital Management, HPS Investment Partners, and Symphony Asset Management have refused to pay back. Some of the entities are the creditors of Revlon. Citigroup’s funds included principal plus accrued interest for the amounts the lenders had loaned to financially struggling Revlon. As per a separate report, entities named Brigade, HPS, and Symphony have also filed a lawsuit against the cosmetic firm. In 2016, these creditors had loaned out over $1.8 billion to finance the acquisition of Elizabeth Arden.
https://www.republicworld.com/world-news/rest-of-the-world-news/citibank-accidentally-wires-900-dollars-million-to-revlon-lenders-in-error.html
>55mph
forgot bout dat
Wasn't him for the most part
Kissenger and Zbig and the machinations of the power that handles them.
Still think Kissenger is a fuggen reptile...
Carter just a moar educated Shrub imo
Still member parents and the 19% mortgage.in the late 70's
Biden officials testify that white supremacists are greatest domestic security threat
The Biden administration's top law enforcement officials on Wednesday pledged to dedicate their resources to combat domestic violent extremists amid questions over whether the agencies are equipped to monitor such threats in the wake of the Jan. 6 Capitol riot.
Attorney General Merrick Garland and Homeland Security Secretary Alejandro Mayorkas appeared before the Senate Appropriations Committee for a hearing on domestic extremism as Congress ramped up its scrutiny this week of the circumstances around the attack on the Capitol. Both Garland and Mayorkas testified that white supremacist groups pose the most serious domestic national security threat in the U.S., reinforcing what analysts have long concluded about far-right organizations.
Domestic violent extremists pose an elevated threat in 2021 and in the FBI’s view, the top domestic violent extremist threat we face comes from racially or ethnically motivated violent extremists, specifically those who advocate for the superiority of the white race,” Garland told lawmakers at the top of the hearing. But the hearing on Wednesday highlighted the competing partisan priorities as Republicans urged a crackdown on illegal immigration and Democrats questioned whether the agencies are fully prioritizing efforts to prevent the type of domestic extremism that led to the storming of the Capitol.
Garland dismissed concern from Sen. Richard Shelby (R-Ala.) who asked whether the Justice Department was investigating with “equal vigor” protests in Portland, Ore., and other cities that were often a focus of former President Trump.
“We don't care what the ideology is, violations of law are pursued and are prosecuted. I think it's fair to say that in my career as a judge, and in law enforcement, I have not seen a more dangerous threat to democracy than the invasion of the Capitol,” Garland said. “There was an attempt to interfere with the fundamental passing of an element of our democracy, the peaceful transfer of power. And if there has to be a hierarchy of things that we prioritize, this would be the one we'd prioritize. It is the most dangerous threat to our democracy. That does not mean that we don't focus on other threats.”
The Department of Justice has brought more than 400 prosecutions against individuals who participated in the Capitol riot, including members of right-wing groups such as the Oath Keepers and Proud Boys, who are facing conspiracy charges over their alleged roles in planning out operations at the Capitol on Jan. 6.
https://thehill.com/policy/national-security/553161-biden-officials-testify-that-white-supremacists-are-greatest
good one !
Facebook-backed Diem abandons Swiss license application, will move to the U.S.
Facebook-backed digital currency project Diem said Wednesday it has withdrawn its application for a Swiss payment license and will instead shift its operations to the United States.
The Diem Association, which oversees development of the Diem digital currency, had been pursuing a payment system license with Switzerland’s FINMA watchdog. Diem has now dropped plans to secure Swiss regulatory approval, while its U.S. subsidiary has partnered with Silvergate, a California state-chartered bank, to issue the token. “While our plans take the project fully within the US regulatory perimeter and no longer require a license from FINMA, the project has benefited greatly from the intensive licensing process in Switzerland and the constructive feedback from FINMA and more than two dozen other regulatory authorities from around the world convened by FINMA to consider the project,” Stuart Levy, Diem’s CEO, said in a statement. Diem said it plans to move its operational headquarters from Geneva to Washington, D.C., where its U.S. unit is based. FINMA declined to comment when contacted by CNBC.
Formerly known as Libra, Facebook’s vision for a digital currency was met with a severe backlash from regulators when it was first announced in June 2019, with central bankers and politicians worried it could undermine sovereign currencies like the dollar, enable money laundering and infringe on users’ privacy. The organization has since lost several key backers — including Visa, Mastercard and PayPal — and suffered a number of notable executive departures. Diem had initially proposed a universal currency tied to a basket of major currencies and government debt. After much regulatory opposition, the group then switched its focus to multiple “stablecoins” backed one-to-one by different currencies, as well as one multi-currency coin. For now, Diem is only planning to issue a U.S. dollar-backed stablecoin, called Diem USD. Unlike bitcoin, which uses a public ledger system and isn’t controlled by any single authority, Diem’s technology will be open to only a few participants, such as Facebook and other members of the Diem Association. Stablecoins are also designed to avoid the price volatility seen in cryptocurrencies like bitcoin.
Silvergate will be the exclusive issuer of Diem USD and will manage its dollar currency reserve. Silvergate has become a go-to for cryptocurrency businesses shunned by traditional lenders. Diem is preparing to launch a pilot with its dollar-pegged stablecoin later this year, a person familiar with the matter told CNBC in April. The pilot will be small in scale, focusing largely on transactions between individual consumers, the person said.
Digital currencies have been the talk of Wall Street lately thanks to a wild rally in bitcoin and other digital currencies. Institutional investors have shown growing interest in bitcoin, while major firms like Tesla and Square have made big bets on the digital coin.
At the same time, central bankers are also grappling with the concept of digital currencies. The People’s Bank of China has been racing ahead with trials of its digital yuan in various cities. And there have been growing calls for the U.S. Federal Reserve to develop a digital version of the dollar.
https://www.cnbc.com/2021/05/12/facebook-backed-diem-is-moving-from-switzerland-to-the-us.html
eye break