Bloomberg
@business
BREAKING: Apollo and BlackRock were lined up to back PNC’s ultimately unsuccessful pursuit of troubled First Republic Bank
https://www.bloomberg.com/news/articles/2023-05-01/apollo-blackrock-backed-pnc-s-failed-bid-for-first-republic
https://twitter.com/business/status/1653054626575396865
I'm starting to suspect we're getting a glimpse of JPM's unwinding by regulators, not FRC's.
Daily Caller
@DailyCaller
Stephanie Ruhle collapsed at the White House Correspondents’ dinner
https://dailycaller.com/2023/05/01/msnbc-stephanie-ruhle-collapse-white-house-correspondents-dinner-symone-sanders-townsend/
https://twitter.com/DailyCaller/status/1653054167567433728
Wut's he afeared of, I wonder?
Bloomberg
@business
Senate Judiciary Chair Dick Durbin vows to press ahead with legislation to impose an ethics code for the Supreme Court
https://www.bloomberg.com/news/articles/2023-05-01/dick-durbin-vows-to-press-supreme-court-ethics-code-despite-chief-justice-rebuff
https://twitter.com/business/status/1653061768917266433
Sequoia is CCP.
Clare Lopez
@ClareMLopez
We must not allow to happen to US Supreme Court what happened to Israel’s in 1990s that Bibi now trying so hard to fix
The Left’s Plan for Hostile Takeover of Supreme Court
https://www.dailysignal.com/2023/05/01/lefts-plan-hostile-takeover-supreme-court/
https://twitter.com/ClareMLopez/status/1653010280698327043
So is SoftBank, btw.
"Democrats in Congress, together with their allies among left-wing groups and in the media, are attempting a hostile takeover of the Supreme Court. Their current tactics demonstrate what “by any means necessary” really means.
In the system of government America’s Founders gave us, limits on government are necessary to achieve its purpose of protecting liberty. Those limits include the separation of powers, federalism, a written Constitution, and a judiciary that will follow—rather than control—that Constitution.
Limits like those help keep too much power from ending up in too few hands."
https://www.dailysignal.com/2023/05/01/lefts-plan-hostile-takeover-supreme-court/
"(Which should keep dropping so the FOMC is done with rate hikes after Weds)"
Even though it was a prank call, JPow DID say there were two more hikes coming, one Weds, and one 6 weeks later.
Cardin not running for reelection
Cardin’s vacancy will create a wide-open race to succeed him in the blue state.
https://www.politico.com/news/2023/05/01/cardin-not-running-for-reelection-00094653
Derivs books being unwound, globally. No moar CDSs at German banks. Not one.
Besides, Fed tightening began in July, 2021, via the ReverseRepo, and took near all their encumbered collateral and gave it to Money Market Funds. So, for the TBTF (Primary Dealers) tightening ain't over by a long shot.
That's in Paris.
No clean break out, that I know of, exists of what goes to the TBTFs vs MMkt Fds, just the total number of participants and notional value.
https://www.newyorkfed.org/markets/desk-operations/reverse-repo
Trollstoy
@Trollstoy88
The detonation in Pavlograd without censorship.
https://twitter.com/Trollstoy88/status/1652996595015643144
That's the cash taken out of the system over the weekend(& month end, a bigger deal).
Change the start date to 1/28/21 and watch the ramp up. It was like watching frogs start to boil. Most kekworthy.
Ex-clown recruiter to boot.
Huge Development Means IRS Whistleblower Can Soon Explode Biden Family Scandals
https://thefederalist.com/2023/05/01/huge-development-means-irs-whistleblower-can-soon-explode-biden-family-scandals/
That's why I think FRC "bot" is really part of a larger JPM managed unwind than a buyout of FRC assets. Too cloudy and little transactional data for a full read.
Glow Bull.
Uncle Larry getting iced out, with Apollo, is what started that midnight train of thot.
ReverseRepo pain showing up at Pete Peterson's shop, too. ("Gimme my money back!")
PiQ
@PriapusIQ
🚩🚩🚩 Blackstone limits REIT investor redemptions again in April
Blackstone Inc on Monday said it had again limited withdrawals from its $70 billion real estate income trust in April as investor redemption requests continued to pile up.
Blackstone said BREIT had received $4.5… https://twitter.com/PriapusIQ/status/1653034729615007749
https://twitter.com/PriapusIQ/status/1653034729615007749
FRC was the bank for those that couldn't get into SIVB. Restricted stock loans out the wazzoo that turned into full on NPLs, like SPACfest.
CFTC Fines South African More than $3.4 Billion In Largest Bitcoin Fraud Case
Steynberg was charged with “fraud in connection with retail foreign currency (forex) transactions."
https://www.thestreet.com/crypto/news/cftc-fines-south-african-more-than-3-4-billion-in-largest-bitcoin-fraud-case
Is South Africa "Wonderland"? It's corrupt as fuck, right now.
WaMu was the forerunner of BS and Lehman.
Easy as Fuck to launder there.
Kek!
Patrick Byrne
@PatrickByrne
Replying to @tomiahonen @birdybi47326989
I was the honey pot. Catch up, Dope.
https://twitter.com/PatrickByrne/status/1653074749323620352
Thinking superpositioning and Heisenberg. So if some bright knob squared that issue, then analog might werk. Making quanta "binary" is my real issue.
Jumps from $7 Billion to $8.5 Billion in one morning? Is this deal a honeypot for The Street's remaining Inv. Banksters?
Starting to smell like it…(and just like HOOD IPO) kek.
Breaking Stocks 🎢
@BreakingStocks_
META SETS SIZE FOR DOLLAR BOND OFFERING AT $8.5 BILLION. $META
https://twitter.com/BreakingStocks_/status/1653093429025357824
AnteFa hosting street parties.
Hey, is boss man delivering the Stone for the big show? That would be awesome!
Rats, arrived yesterday.
Coronation News & Updates
@Coronation2023
The Stone of Destiny is now back at Westminster Abbey.
Also known as the Stone of Scone, it was received at a special ceremony.
It is now being installed in the Coronation Chair.
https://twitter.com/Coronation2023/status/1652738083614490624
He'll be at a coronation, so put your head on a swivel.