dubs
>getting big!..ty for the "peak" the other night
>best to tribe
o7
SAM248 USAF C-32A ne from Hawaii-Hickam AFB after an overnight
Mr. Cohen-Watnick returning from below itinerary.
This AC departed JBA on 1205 with a ground stop at Elmendorf JB Anchorage, AK
Ezra Cohen-Watnick twat cap 2
SAM248 on descent for Elmendorf on 1205
Then continued on to Atsugi NAF on 1206 as MC8248 for a ground stop.
On to Jakarta, Indonesia-Bandar Udara Int'l Airport
Departed on 1208 still as MC8248 ne for ground stop at Manila, P.I. then depart east to Hawaii-Hickam AFB for an overnight.
Depart earlier today
RUDY32 US Navy Osprey went out east of El Centro for a few pirouettes and now returning back to NAS North Island
Citi’s US$900M payment looked deliberate, witnesses say
A witness for Revlon Inc. creditors that received part of a US$900 million payment Citigroup Inc. sent in error took a grilling on Thursday in a trial over the bank’s effort to get the money back. Jeff Frusciante, a bank debt manager for Brigade Capital Management, had testified that he couldn’t understand how Citigroup could have sent the sum by accident. During a contentious cross-examination, he defended his claim that he thought the August transfer was an early full paydown of the loans plus interest. “Do you still believe that Citibank intended to make a full paydown on Aug. 11?” John Baughman, a lawyer for the bank, asked him. “I still haven’t got a good answer as to how this happened,” Frusciante said, in part. “Can you think of any reason why Citibank would send out approximately US$900 million on Aug. 11 and the next day send out notices saying, ‘We made a mistake, please give it back?’” Baughman pressed. “Why would they do that?” “I have no idea,” Frusciante said. “I don’t work for Citi.”
Citigroup, which has recovered about US$390 million of the transfer, has sued Brigade and nine other asset managers for the Revlon creditors that have held on to US$508 million of the payment. The bank, which made the transfer out of its own pocket, was acting as administrative agent on the Revlon loan. The defendants say they should be allowed to keep the money, since they were already owed it. Because the sum matched the debt due them, they argue, they had no cause to believe it was a mistake. The defense launched the first full day of its case after Citigroup finished presenting its witnesses late Wednesday, the first day of the trial. The bank argues that the payment was bristling with signs it was a mistake. The trial shines a light on an embarrassing bungle that Citigroup has already had to explain to federal regulators. The case, over one of the biggest banking errors in recent memory, is being closely followed on Wall Street, especially in the syndicated loan industry.
Citigroup says it accidentally wired the huge sum while trying to make a periodic interest payment, including to some creditors that had been locked in a battle with Revlon over the debt restructuring. The creditors say the transfers were the exact amount owed their clients under the 2016 loan to Revlon and that nothing about the payment led them to think otherwise. Among the 10 firms the bank sued are Brigade, Symphony Asset Management and HPS Investment Partners.
moar here
https://www.bnnbloomberg.ca/citi-s-us-900m-payment-looked-deliberate-witnesses-say-1.1534663