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Anonymous ID: 20341f March 13, 2020, 8:14 p.m. No.8409443   🗄️.is 🔗kun   >>9922 >>9992

_2-DEER 787 Dreamliner from Panama Tocumen Int'l en.

 

This is a super-luxurious 787 and has been for sale by the HNA Group (Hainan Airlines). ADS-B has it classified as United Kingdom (registered in Guernsey) and other records show it is operated by Aercap Holdings N.V.

 

Hainan Airlines Near Government Take Over

https://samchui.com/2020/02/20/rumors-say-hainan-airlines-near-government-take-over/

 

The 40-seat Boeing (BA.N) 787 jet with registration “2-DEER”, used for charters as well as by top HNA officials, recently took Cambodian president Hun Sen to the U.N. General Assembly in New York and flew between Brazzaville, capital of the Republic of Congo, and Beijing, on dates coinciding with a visit to China by President Denis Sassou Nguesso. Under pressure from Beijing, aviation-to-hotels group HNA has in 2018 sold real estate, stakes in overseas companies and aviation-related assets after a $50-billion acquisition spree in recent years.

 

One of the industry sources said HNA was attempting to sell the fleet in its wholly-owned private Deer Jet division and then shut it down.

 

The jet was put on the market in late July, after Co-Chairman Wang Jian died in an accidental fall in France, another source said.

 

It could prove difficult to attract close to the purchase price for the 40-seat 787, because of the limited market for widebody private jets, which are usually bought by governments or billionaires who prefer to select their own interior design, two of the sources told Reuters on condition of anonymity.

 

A 787-8 business jet has a list price of $232 million, but the interiors typically cost $90 to $170 million, Boeing says.

 

The interiors of the HNA jet, registered as “2-DEER” in Guernsey, dubbed the “Dream Jet” and featuring a 17-hour non-stop range, took 2.5 years to complete, Deer Jet says on its website. Some of the fittings are by designers such as Baccarat and Fendi, according to a Deer Jet tweet in 2016. A brochure for charter clients seen by Reuters calls 2-DEER a “flying home” with 26 lie-flat beds.

Anonymous ID: 20341f March 13, 2020, 8:57 p.m. No.8409802   🗄️.is 🔗kun   >>9843 >>9922 >>9992 >>0018

The Fed Has 233 Secret Documents about JPMorgan’s Potential Role in the Repo Loan Crisis

 

The Federal Reserve Board of Governors has acknowledged to Wall Street On Parade that it has 233 documents that might shed some light on why JPMorgan Chase was allowed by the Fed to draw down $158 billion of the reserves it held at the Fed last year, creating a liquidity crisis in the overnight loan market according to sources on Wall Street. After taking four months to respond to what should have been a 20-business day turnaround on our Freedom of Information Act request, the Federal Reserve denied our FOIA in its entirety. (Our earlier request to the New York Fed resulted in the same kind of stonewalling. See The New York Fed Is Keeping JPMorgan’s Secrets Close to Its Chest.)

 

This morning, only $17 billion of the $500 billion offered by the Fed in its 3-month loan was tapped and $24.1 billion of the $500 billion in the one-month loan. When Wall Street thumbs its nose at almost free money, something really strange is going on.

 

Two other big problems are that Deutche Bank, Germany’s largest lender which has a big footprint on Wall Street as a derivatives counterparty to the largest Wall Street banks, has been bleeding its common equity capital like a snow cone in July. Its stock closed down 15.05 percent yesterday, to an all-time low of $5.53, leaving it with just $11.4 billion in common equity capital – a preposterous sum to be supporting tens of trillions of dollars (notional, face amount) in derivatives. Another problem for Wall Street is Citigroup. Like Deutsche Bank, it is a major derivative counterparty and has also been bleeding away its common equity capital. It closed down 14.83 percent yesterday at $43.26, giving its stock a year-to-date decline of 47 percent. That leaves Citigroup with just $90.77 billion to support a derivatives book of $49 trillion in notional derivatives.

 

While all of these deteriorating fundamentals have been occurring at the Wall Street banks without any commensurate decline in their risk profiles, the same Federal Reserve that is denying the public’s right to know what is going on has been the regulator of these bank holding companies. This is exactly what happened in the lead up to the 2008 financial crash on Wall Street. The Fed kept its blinders on and refused to crack down on the spiraling derivative problems. This is what Sheila Bair, the former head of the Federal Deposit Insurance Corporation (FDIC) wrote in her book, “Bull by the Horns” regarding Citigroup’s role in the 2008 financial crisis:

 

“By November, the supposedly solvent Citi was back on the ropes, in need of another government handout. The market didn’t buy the OCC’s and NY Fed’s strategy of making it look as though Citi was as healthy as the other commercial banks. Citi had not had a profitable quarter since the second quarter of 2007. Its losses were not attributable to uncontrollable ‘market conditions’; they were attributable to weak management, high levels of leverage, and excessive risk taking. It had major losses driven by their exposures to a virtual hit list of high-risk lending; subprime mortgages, ‘Alt-A’ mortgages, ‘designer’ credit cards, leveraged loans, and poorly underwritten commercial real estate. It had loaded up on exotic CDOs and auction-rate securities. It was taking losses on credit default swaps entered into with weak counterparties, and it had relied on unstable volatile funding – a lot of short-term loans and foreign deposits. If you wanted to make a definitive list of all the bad practices that had led to the crisis, all you had to do was look at Citi’s financial strategies…What’s more, virtually no meaningful supervisory measures had been taken against the bank by either the OCC or the NY Fed…Instead, the OCC and the NY Fed stood by as that sick bank continued to pay major dividends and pretended that it was healthy.”

 

The crisis today is that far more banks than just Citigroup look like they have serious problems.

https://wallstreetonparade.com/2020/03/the-fed-has-233-secret-documents-about-jpmorgans-potential-role-in-the-repo-loan-crisis/