dubs
>>18419997 pb
SAM296 C-40B crossed the Atlantic from it's JBA depart earlier–likely JCOS Milley probably heading to Brussels since it did not stop at Shannon
Got 4 Saudi AF C-130s that left RAF Connigby RSF1304,96,16,17 and earlier there was an A330 RSF1334 that left same and went to Riyadh-those C-130s departed Jeddah yesterday and stopped at Souda Bay, Crete
Cap#3
Turkish AF TB2 S052 Bayraktar drone doing roundies near the Turkish/Syrian border at 19k ft
good luck with that
Bill Clinton Lie - Definition of "is"
Evergrande Fails to Win Creditors’ Support as Key Dates Loom
China Evergrande Group, the developer at the epicenter of the country’s real estate crisis, has yet to reach an agreement with major creditors on a debt restructuring framework crucial to avoiding potential court-ordered asset liquidation, people familiar with the matter said.
There is still no deal with an ad-hoc group of dollar-bondholders, according to the people, who asked not to be identified speaking about a private matter. The clock is ticking. Evergrande has said it wanted to get support from the noteholders by early March and it faces a March 20 court hearing in Hong Kong on a winding-up petition. Evergrande didn’t comment when asked about the status of the talks. Advisers to the ad-hoc group, Moelis & Co.(founder heavily involved in 911 trading fuckery while at UBS) and Kirkland & Ellis LLP, declined to comment. Evergrande’s debt restructuring is one of China’s largest ever and carries broader implications for the country’s nearly $60 trillion financial system. The progress of debt-restructuring plans is a crucial factor in a winding-up petition filed last June against the company. In such cases, a borrower’s assets can be liquidated to fund creditor repayment. Judge Linda Chan urged Evergrande at a November hearing to offer up “something more concrete” at the March court appearance that’s now less than three weeks away.
The main disputes between the world’s most indebted builder and the ad-hoc bondholder group include the equity value of Evergrande and its two Hong Kong-listed units, the people said. The bondholders have asked for Evergrande’s entire stake in its electric-vehicle and property-management arms, but the company has offered less than that, according to other people familiar with the matter. Evergrande owns about half of the property-management unit and nearly 60% of the auto business, according to data compiled by Bloomberg. Another key area of disagreement between Evergrande and the ad-hoc group involves the structural seniority of Evergrande’s debt, according to the first group of people familiar with the matter. The issue affects different creditors’ rights to its assets, and a particular point of contention is the claims of certain onshore creditors, the people said. The bondholders are also demanding Evergrande address corporate-governance issues, they added.
Evergrande defaulted for the first time on dollar bonds at the end of 2021, and has missed several self-imposed timelines to release a restructuring plan. One shift in the ad-hoc bondholders’ requests is that the group is no longer seeking Evergrande Chairman Hui Ka Yan to inject at least $2 billion into the firm as a condition for agreeing with any debt proposals from the company, the people said. They added the investors are still seeking some capital from him. The liquidity crunch that affected Evergrande and many peers fueled a record amount of dollar-bond defaults last year. Such woes have crimped the ability of lower-rated Chinese firms to sell offshore debt and prompted international investors to pull back from the country’s onshore bonds. Bloomberg News reported in January that Evergrande had been discussing a debt-restructuring proposal that included an option for creditors to swap some debt into stock of the builder and the two units via the issuance of hybrid securities such as convertible bonds.
Shares of Evergrande and the units haven’t traded since last March, when the firms warned of delays in releasing audited results. Based on their last trading prices, the trio’s equity was worth a combined HK$81 billion ($10 billion).
https://www.bnnbloomberg.ca/evergrande-fails-to-win-creditors-support-as-key-dates-loom-1.1888920
agree ^^
do very little social media (basically whatever is posted in here and stuff from frens who I trust) and what I've seen from them is always decent and not over opinionated
Don't have time to watch whole thing but you usually can trust what they post
Anyone that posts something moar than 15 min long should summarize it imo
>>18421564 PF: SAM296 C-40B crossed the Atlantic from it's JBA depart earlier and Got 4 Saudi AF C-130s that left RAF Connigsby RSF1304,96,16,17
The Same Day Sam Bankman-Fried Is Hit with a New Count of Bank Fraud, Three Regulators Warn About Crypto Bank Runs*
Last Thursday, the Department of Justice added four additional criminal counts against Sam Bankman-Fried in a superseding indictment. These include: bank fraud; conspiracy to operate an unlicensed money transmitting business; and two counts involving the purchase and sale of derivatives (and this technically also falls under the Office of The Comptroller of the Currency (O.C.C.) as well as the worthless SEC which has been asleep at the wheel forever and just lets all the big banks pile on trillions in derivatives while saying nuffin-although the Acting Comptroller of the Currency said, in January, that the big banks "might be a problem"-this different than that FDIC video)
Big Banks Might Face Breakup, Top Regulator Says
https://www.wsj.com/articles/too-big-to-manage-banks-may-face-breakup-top-regulator-says-11673982801
Bankman-Fried’s jury trial is scheduled to start in October. The charge of bank fraud is something that jury members can get their minds around – particularly when the alleged bank fraud is shown to have taken place at federally-insured banks which are backstopped by U.S. taxpayers. And while the new indictment does not name any specific banks, it is well known that Bankman-Fried’s FTX crypto exchange and his hedge fund, Alameda Research, were involved with a number of federally-insured banks. (See, for example, Federally-Insured, Crypto-Focused Silvergate Bank Loses 43 Percent of Its Market Value Yesterday as Depositors Flee. Silvergate was a $160 stock in late April of last year. It closed on Friday at $14.33 following a massive bank run on deposits in the last quarter of 2022 as its ties to FTX became publicized.)
Here’s a sampling of what’s in the new indictment regarding Sam Bankman-Fried’s alleged diabolical plan to engage in bank fraud:
“SAMUEL BANKMAN-FRIED, a/k/a ‘SBF,’ the defendant, perpetrated this multi-billion-dollar fraud through a series, of systems and schemes that allowed BANKMAN-FRIED, through Alameda, to access and steal FTX customer deposits without detection. For instance, in 2021, FTX began to accept customer fiat deposits into an Alameda-affiliated bank account that itself was established through a fraudulent scheme that BANKMAN-FRIED directed…
“In part to obscure the relationship between FTX and Alameda, and in order to overcome Bank-1 ‘s refusal to open a bank account for FTX without extensive due diligence and licensing, in or about August 2020, SAMUEL BANKMAN-FRIED, a/k/a ‘SBF,’ the defendant, directed the incorporation of a new U.S.-based entity, North Dimension. BANKMAN-FRIED was listed as sole owner, CEO, and president of North Dimension, which had no employees or business operations outside of its bank account. BANKMAN-FRIED and others chose the name ‘North Dimension’ in part to conceal that there was a relationship between North Dimension and Alameda from FTX customers and from banks approving transactions with the North Dimension bank account. BANKMAN-FRIED also directed the creation of a website for North Dimension and used a credit card in his name to fund the hosting services for the website…
“Once the North Dimension bank account was opened, FTX directed customer dollar deposits to the North Dimension account. Thereafter, when FTX customers deposited or withdrew fiat currency, Alameda personnel, who maintained control over the North Dimension account and acted under the direction and supervision of SAMUEL BANKMAN-FRIED, a/k/a ‘SBF,’ the defendant, and his co-conspirators, manually credited or subtracted the customer’s FTX account with the corresponding amount of fiat currency on an internal ledger system…”
Investigative reporter, Gretchen Morgenson, reported for NBC News in December that North Dimension went to the trouble of creating a fake company website that marketed itself like this: “Our vision is to become most popular website for purchasing mobile phones and electronics by offering complete product information and a transparent purchasing procedure.”
It is more than a little noteworthy that the same day that the Justice Department released details on how easily Bankman-Fried was allegedly able to commit bank fraud, three federal bank regulators released new warnings to U.S. banks about getting involved in crypto. The federal regulators are the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
One paragraph of the various warnings sounds like it is describing the negative impact to all crypto-related banks when a relationship like that between Silvergate and FTX/Alameda makes headlines. It reads:
“Deposits placed by a crypto-asset-related entity that are for the benefit of the crypto-asset-related entity’s customers (end customers). The stability of such deposits may be driven by the behavior of the end customer or crypto-asset sector dynamics, and not solely by the crypto-asset-related entity itself, which is the banking organization’s direct counterparty. The stability of the deposits may be influenced by, for example, periods of stress, market volatility, and related vulnerabilities in the crypto-asset sector, which may or may not be specific to the crypto-asset-related entity. Such deposits can be susceptible to large and rapid inflows as well as outflows, when end customers react to crypto-asset-sector-related market events, media reports, and uncertainty. This uncertainty and resulting deposit volatility can be exacerbated by end customer confusion related to inaccurate or misleading representations of deposit insurance by a crypto-asset-related entity.”
There is no such thing as federal deposit insurance for crypto assets.
https://wallstreetonparade.com/2023/02/the-same-day-sam-bankman-fried-is-hit-with-a-new-count-of-bank-fraud-three-regulators-warn-about-crypto-bank-runs/
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of course now after it's all cut off from the money-laundering mechanism the regulators "care" and issue 'warnings'-but it's ok for Goldman Sachs (in the OCC's case as regulator and one of them 'warning') to have $513B 'backing' $50T in OTC derivative 'assets' see cap #2
Page 18 here for muh current US Bank OTC Derivatives
https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2022.pdf
From the Movie Americathon 1979
Even they knew the whole Taiwan shit was fake
It's the "future" year of 1998. There is a worldwide oil shortage, and the U.S. of A. has bankrupted itself. The nation is DEEPLY in debt to an Indian billionaire, Sam Birdwater (Chief Dan George), and now he'd like to have his money back. The youthful President, Chet Roosevelt (ever likable John Ritter) hires a media specialist, Eric McMerkin (Peter Riegert), who comes up with a genius idea. The idea is a 30 day telethon devised to get the people of the nation to cough up the dough. But there's a plot by one of the characters to undermine the whole thing, in part by coming up with the lamest acts imaginable.
https://www.imdb.com/title/tt0078766/reviews
Cue the bailouts again for the over-bloated and miss-managed transportation system.
This is just the next excuse-most of this economic shit was gonna habben with or without muh Ukraine but it's been the excuse since it started-they still blame the 'rona and 45 for all this shit
mebby you shouldn't have required all your pilots be vax'd too
It can't be that at all
Airlines always have hands out crying "no fair and gibs us munee" no matter what the situation is