Filled lb where were you?
GRIFT13E6B Mercury from Tinker AFB,OKC went NE to Lake Superior
This is normally an E4B doing this run from Offutt and here’s a blast from the past….
Full List of 13 Republicans Who Voted for Biden's Infrastructure Bill
https://www.newsweek.com/full-list-13-republicans-voted-joe-biden-infrastructure-bill-1646664
Regional Banks Want to Slim Down. Hedge Funds Smell a Bargain
(Even though it’s offloading liability to others (and it remains to be seen if these are/are not hypothecated across several owners…I’m guessing they are to maximize the risk “offload”return as look what the banks did with MERS) with the same “assets” that you no longer own-in this case it’s because in this example the banks ‘sell’ this bad debt off to show they’ve “met” the new requirements but there is nothing stopping the Hedgies from using this bad debt to secure loans-that is how Collateralized Loan Obligations work just pile on moar and moar debt…..as long as they have a buyer they’ll continue to do this to circumvent the “regulators” as it’s to give the illusion they are just fine)
Regional banks around the U.S. are striking complex and costly bargains with hedge funds, hoping to insulate themselves from a replay of the turmoil that followed Silicon Valley Bank’s failure last year. Wall Street smells a payday.
Ohio-based Huntington Bancshares recently entered into an arrangement to sell investors some of the risk that its borrowers won’t repay their loans. That helps the bank meet new proposed standards meant to make lenders look healthy to regulators. The deal is known on Wall Street as a synthetic risk transfer, and it offers cash-flush, private-debt fund managers—such as Ares Management and Blackstone—an attractive investment.(They think)Bayview Asset Management, the fund involved in Huntington’s December deal, stands to make as much as 15% on the trade and a similar one done for SoFi Bank, people familiar with the matter said.
Large regional lenders including Utah-based Ally Bank and North Carolina-based Truist Financial are working on their own transactions to sell the risk on billions of dollars of loans, according to the data provider Finsight and letters to the banks from the Federal Reserve.
Regulators are forcing(Kek “forcing” is not a word I would ever apply to banking enforcement…ever)the banks to meet stricter rules to protect themselves from crises of confidence, such as the ones that toppled SVB and recently shook New York Community Bank.(this is how stoopid the “writer”here is in the next sentence…share buybacks only help the EPS # and little else plus they don’t have anything else to spend it on?…hogwash)Ultimately, risk transfers should help banks stabilize and start spending money again on such things as share buybacks and acquisitions, analysts said.
U.S. banks are preparing for new regulations announced last year after the regional-bank failures. They are expected to force midsize banks to meet capital requirements previously only applied to large financial institutions.
Historically, U.S. banks created a financial cushion by increasing capital through stock sales, or by selling loans. Many of the loans they own were made when rates were low, meaning they would take a loss if they sold them now. Selling new shares could push already-battered stock prices lower.
Late last year, the Fed gave U.S. banks another option, by letting them increase regulatory capital through risk transfers, a tool long employed by European banks.
About 20 U.S. synthetic transactions have been done, totaling $17 billion, compared with about $190 billion in Europe, said Kathy Jones, a structured-products trader at Raymond James. The U.S. could quickly outstrip Europe once smaller, regional banks start adopting the product, she said. Merchants Bancorp, a relatively small Indiana-based lender, got the green light from the Fed this month for a synthetic risk transfer, according to a letter from the regulator.
Banks can transfer risk in two ways:One is selling so-called credit-linked notes to investors, boosting the banks’ balance sheets. Another is purchasing credit insurance from the investors, who post cash as a backstop. The banks pay interest or premiums to the investors. The investors are on the hook for losses from any defaults on the insured loans. Both options cover losses from defaults on as much as 12.5% of a loan pool.
That cost drags down profitability, which is already falling. Regional-bank stocks fell last week after Huntington lowered guidance for net interest income, the difference between what it makes from loans and what it pays on deposits. Banks such as JPMorgan Chase and Morgan Stanley issued a flurry of synthetic risk transfers for themselves last fall. Now they are arranging deals for regional lenders—for a fee—and hope to start trading the instruments if the market gets big enough. For money managers, bank risk transfers offer high returns and a new product to pitch to investors eager to buy into the red-hot market for private credit. BlackRock, the private-fund specialist KKR and the French insurer AXA have all published reports hawking them.
https://www.wsj.com/finance/banking/regional-banks-want-to-slim-down-hedge-funds-smell-a-bargain-f4e1d0fe
CART10 E6B Mercury back from a long day out from Pax River-he’s finishing up with some roundies at Atlantic City Intl and back to Pax after that is done
Likely some sub comms via the VLF antenna
E-6B MERCURY: MORE THAN THE DOOMSDAY PLANE
https://www.key.aero/article/e-6b-mercury-more-doomsday-plane
59-1475 KC-135 Stratotanker on the refueling track over southern Poland
Right over Lublin (and N of Rzeszow-the NATO staging area for muh “aid”) just after sunrise and where Z’s AC had been parking during that three weeks of glad-handing with stops in Europe/Singapore/Philippines/Qatar and then back to Paris.
It’s not refueling air.
Ty BVs/BO
Wow I guess you’d be really fun at dinner /s
All of them do it but Toyota gets the sack because they are not being “green” enough.
They are big into hydrogen research (that is where it should be directed imo) and the system doesn’t want that.
Still early days for it as most wasted R&D on muh EVs
Toyoda is a car guy and gets it.
Has plenty of experience racing in gasoline powered cars and has competed in the Nurburgring 24 under a pseudonym.
Yes but muh taxes and tariffs make them prohibitively expensive.
Don’t really need a car there imo as public transportation is far superior.
Plus try finding a place to park that big SUV or truck so that’s why they have moar compact models they don’t sell here.
If only one of them would import a small pickup truck again like the Mazda’s or even the Aussie Utes
They would clean up
Tyb