>>7371404, >>7371465, >>7371480, >>7371534 lb Former Executives and Employees of Health Technology Start-Up Charged in a $1 Billion Scheme to Defraud Clients, Lenders and Investors

They had "issues" with upper mgmt (i.e. Goldman Sachs and Alphabet-parent co.)

Shuffled off to the BOD as Chair and Vice-Chair

Outcome Health, investors call a truce

Outcome Health CEO Rishi Shah has struck a deal with his investors to end a monthslong, bitter and very public feud, allowing them both to focus on rebuilding a once high-flying medical advertising company that has been hurt by lawsuits, allegations of fraud and defections of both customers and key employees.

Shah and co-founder Shradha Agarwal, both 32, will step aside from day-to-day management as CEO and president of the company, respectively, to become chairman and vice chairman. They'll also join their investors—including Goldman Sachs, Pritzker Group Venture Capital and Google parent company Alphabet—in putting another $159 million into Outcome to pay down bank loans and recapitalize the company.

It's a surprisingly quick end to a very high-profile battle that made plenty of headlines.

"All parties are reinvesting and share a common belief that the business model works," Shah said in a statement. "This is an important milestone event that will instill confidence in the company among our valued employees, customers, partners and key stakeholders."

"The resolution is based on our conviction in the company's mission and path to growth that will be beneficial for all stakeholders," the investors and founders said in a joint statement.

The deal ends at least some of the drama that has engulfed Outcome, a digital advertising company that has suffered an abrupt and stunning fall from its perch as one of the most closely watched and highly regarded companies in the Chicago tech and startup community.

The settlement doesn't end the troubles for the company, which erupted about three months ago, when Forbes and the Wall Street Journal first reported allegations that Outcome had overbilled pharma customers for ads on more screens than it actually operated and reported inflated results of prescriptions related to the ads. Outcome, founded in 2006 as ContextMedia, operates a video network in doctors' offices that displays educational medical content and advertising from pharmaceutical and medical-device companies on TVs and tablet computers.

MORE BOARD SEATS

Shah and Agarwal continue to own a majority of the company, which raised nearly $500 million and was valued at more than $5 billion less than a year ago. And Shah remains the largest shareholder. But the board of directors will increase from three members (Shah, Agarwal and a representative from Goldman, the largest investor) to seven: the founders, two investors and three independents.

https://www.chicagobusiness.com/article/20180126/BLOGS11/180129938/outcome-health-goldman-sachs-call-a-truce

It’s Official: JPMorgan Chase Is the Riskiest Big Bank in the U.S.

The National Information Center is a little-known repository of bank data collected by the Federal Reserve. It is part of the Federal Financial Institutions Examination Council (FFIEC), which was created by federal legislation to create uniformity in the examination of U.S. financial institutions by the numerous federal regulators of banks.

The National Information Center has created a graphic profile of JPMorgan Chase versus its peer banks.

The data used to create these graphics come from what is known as the “Systemic Risk Report” or form FR Y-15 that banks have to file with the Federal Reserve. To measure the systemic risk that a particular bank poses to the stability of the U.S. financial system, the data is broken down into five categories of system risk: size, interconnectedness, substitutability, complexity, and cross-jurisdictional activity. Those measurements consist of 12 pieces of financial information that banks have to provide on their Y-15 forms. That data shows that in 7 out of 12 financial metrics, JPMorgan Chase has the riskiest footprint among its peer banks.

The idea, obviously, is to understand if another Citigroup or Lehman Brothers were to occur, could it bring your bank down.

JPMorgan Chase looks particularly dicey in this regard. The Y-15 data shows that it has $377.9 billion in Intra-Financial System Liabilities which is more than $100 billion larger than the next two largest banks in this category, Bank of New York Mellon and Citigroup.

Another scary category is OTC Derivatives. OTC (over-the-counter) means derivatives that are not traded on an exchange and are not being cleared by a central clearing house. In effect, it means a private contract between your bank and some potentially non-credit worthy financial institution. (Recall how the giant life insurer, AIG, blew itself up in 2008 because it was holding tens of billions of dollars in derivative contracts for the biggest banks on Wall Street that it could not make good on. The situation was so dire that the Federal Reserve actually allowed AIG to secretly borrow billions of dollars from its Discount Window, even though it was an insurance company, not a bank. AIG had to be eventually nationalized by the U.S. government for a time during the financial crisis – all because it got involved with Wall Street’s derivatives.)

Among the biggest banks on Wall Street, JPMorgan Chase has the largest exposure to derivatives, with $45.2 trillion exposure, according to the National Information Center graphic. Yes, we said “trillion.” The Office of the Comptroller of the Currency, however, which is the federal regulator of national banks and reports the derivative exposures of the biggest banks on a quarterly basis, shows that as of June 30 of this year, JPMorgan Chase’s notional derivatives (face amount) stood at an even larger $55.7 trillion. (See Table 1 in the Appendix here.)

But the scariest data point by far is the graph showing where JPMorgan Chase stands in the “Payments” system of the U.S. banking system. According to its own data submitted on its December 31, 2018 Y-15 filing, it was responsible for $320.65 trillion in payments in the prior four quarters. That’s 95 percent larger than the next largest peer bank in the Payments category, Bank of New York Mellon, which is responsible for $163.23 trillion in payments.

moar at link

https://wallstreetonparade.com/2019/11/its-official-jpmorgan-chase-is-the-riskiest-big-bank-in-the-u-s/

One of the authors used to work at JP Morgan so they were/are well placed to speak on this.

This is what JP Morgan is at the head of the line for. See Cap #2

>>7369719, >>7369808 pb Federal Reserve Repo Program Overall summary and Daily (for Nov. 25th 2019) Bank/derivative bailout: $93.5b

All time highs in the stock index's are fine...this country needs some relief however you must understand how it arrived in this position and why it continues to perform in this way.

See the above story and the pb links

The banking system has LARGE issues that are not discussed in the MSM. The main reason POTUS is not criticized on the economy/markets (except by the bankers) is that this is the system that they created. Can't bang on about something that enriched you (them) for decades or the confidence problem rears it's head. They cause the boom/bust cycle so that it can be done about every ten years to further the control.

I'm all for the markets performing in this way as this calls out the FRB/Wall Street/Big Banks over a period of time and destroys the credibility they have built into the system by letting them hang themselves with their own rope. It will take time.

>>7371893

The alternative to what we have now is the scenario that habbened in 1815 or something very similar to what transpired in 2008-2009.

Pick your "poison". This cannot be allowed to habben again or we will never get out of the money-trap/control.

Napoleon Escapes and Rothschild Makes a Killing

Napoleon escapes from his banishment in Elba, an Island off the coast of Italy, and returned to Paris. By March Napoleon had equipped an army with the help of borrowed money from the Eubard Banking House of Paris.

On June 18th, 74,000 French troops led by Napoleon, sizing up to meet 67,000 British and other European Troops 200 miles NE of Paris.

Nathan Rothschild knowing that information is power stationed his trusted agent named Rothworth near the battlefield. As soon as the battle was over Rothworth quickly returned to London, delivering the news to Rothschild 24 hours ahead of Wellington's courier. A victory by Napoleon would have devastated Britain's financial system. Nathan stationed himself in his usual place next to an ancient pillar in the stock market. Knowing he would be observed he hung his head and began openly to sell huge numbers of British Government Bonds. Believing this to mean that Napoleon must have won, everyone started to sell their British Bonds as well. The bottom fell out of the market. Rothschild had his agents buying up all the hugely devalued bonds.

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." — Napoleon Bonaparte

https://www.mindcontagion.org/banking/hb1815.html

>>7371992

>>7371981

Pelosi says progress was made on USMCA in meeting with Lighthizer

WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi said on Thursday that progress was made on the U.S.-Mexico-Canada trade pact in a meeting she held with U.S. Trade Representative Robert Lighthizer and Richard Neal, the chairman of the House Ways and Means Committee.

“We’re narrowing our differences,” Pelosi told reporters.

https://www.reuters.com/article/us-usa-trade-usmca-meeting/pelosi-says-progress-was-made-on-usmca-in-meeting-with-lighthizer-idUSKBN1XV2BK

>>7372281

tyanon..needed a bigger copy 'o dat.

>>7372342

b you could move this >>7371742 in concert with this >>7371713 as the former is an article from early 2018.

>>7372372

tyb

>>7372396