December 2021 - cypherpunks - lists.cpunks.org

It is not cute to be a computer criminal.
by professor rat 23 Dec '21

23 Dec '21

Privacy, and even freedom, are not the be-all and end-all of cypherpunk revolution since the famous cryptic anarchist, Mikhail W. Bakunin hath said that " Freedom to break into computers, without anarchism, is privilege, injustice and scumbag entitlement " Maximizing righteous degrees of freedom means c-punks are all about ' privacy for the poor and transparency for the powerful '. So powerful figures that preen, pose and posture as pacifists in public while hiring hitmen in … [View More]

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BleepingComputer: 2easy now a significant dark web marketplace for stolen data
by jim bell 23 Dec '21

23 Dec '21

BleepingComputer: 2easy now a significant dark web marketplace for stolen data. https://www.bleepingcomputer.com/news/security/2easy-now-a-significant-dark…

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Gizmodo: Walk-Through Metal Detectors Can Be Hacked, New Research Finds
by jim bell 23 Dec '21

23 Dec '21

Gizmodo: Walk-Through Metal Detectors Can Be Hacked, New Research Finds. https://gizmodo.com/walk-through-metal-detectors-can-be-hacked-new-researc-…

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MyDr.co
by Gunnar Larson 23 Dec '21

23 Dec '21

https://www.mydr.co/ Now in 16 languages! World’s Higher Education Virtual Health Leader We transform collegiate University healthcare access, improving overall student outcomes and empower University campus health, wellness and counseling care at the highest standard -- *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.… [View More]

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OCC Report Shows JPMorgan Chase Owns 62 Percent of all Stock Derivatives Held at 4,914 Banks in the U.S.
by Gunnar Larson 23 Dec '21

23 Dec '21

The Office of the Comptroller of the Currency (OCC), the regulator of national banks that operate across state lines, released a report on Monday <https://www.occ.gov/publications-and-resources/publications/quarterly-repor…> that details the quantity and variety of derivatives held by commercial banks, savings associations and trust companies as of September 30. (According to the Federal Deposit Insurance Corporation, there were 4,914 commercial banks, savings associations and trust … [View More]companies <https://www.fdic.gov/analysis/quarterly-banking-profile/statistics-at-a-gla…> operating in the U.S. with FDIC insurance as of September 30.) The striking detail in the OCC report is that one taxpayer-backstopped, federally-insured bank, JPMorgan Chase Bank N.A., is for some unfathomable reason sitting on 62 percent of all stock (equity) derivatives held at all 4,914 federally-insured banks in the United States. The second striking detail is that this federally-insured bank’s holdings of stock derivatives come to a notional amount (face amount) of $3.3 trillion. (Yes, trillion with a “t.” See above chart.) And the third striking detail is that 74 percent of JPMorgan Chase’s stock derivatives are not centrally-cleared but instead are opaque, over-the-counter (OTC) contracts – highly likely beyond the scrutiny of bank regulators. Why is any taxpayer-backstopped bank in the United States allowed to own anything near a trillion dollars in stock derivatives, let alone a bank like JPMorgan Chase that has admitted to an unprecedented five criminal felony counts brought by the Justice Department in the past seven years, with three of those felony counts for rigging markets. The Dodd-Frank financial reform legislation of 2010 promised Americans two things pertaining to derivatives. First, it promised that federally-insured banks would no longer house the derivatives that blew up much of Wall Street and the U.S. economy in 2008. This was known as the “push-out rule” where derivatives were to be pushed out to other parts of the bank holding company which could be wound down in case of insolvency, without impacting the federally-insured bank – or so the theory went. That promise was derailed in December 2014 when Citigroup (the recipient of the largest bailout in U.S. history during the 2008 financial crisis and its aftermath) was able to get its pawns in Congress to repeal the push-out rule by attaching an amendment to a must-pass spending bill to keep the government running. (See our report: Meet the Two Congressmen Who Facilitated Today’s Derivatives Nightmare at Wall Street’s Mega Banks <https://wallstreetonparade.com/2021/08/meet-the-two-congressmen-who-facilit…> .) The second promise pertaining to derivatives in the Dodd-Frank legislation was that opaque over-the-counter derivatives would be phased out and transparency and financial stability would be brought to derivatives by making them centrally-cleared. That has obviously not happened when JPMorgan Chase is allowed to own $3.3 trillion of stock derivatives with 74 percent of that amount not centrally-cleared. Another alarming aspect of the $3.3 trillion in stock derivatives at the federally-insured bank at JPMorgan Chase is how exponentially the stock derivatives have grown in a short span of time. The OCC’s report for September 30, 2014 shows JPMorgan Chase holding just $481 *billion* in stock derivatives. That’s an increase of 586 percent since the third quarter of 2014. JPMorgan Chase is the same bank that paid its various regulators a total of $920 million in fines in January of 2013 for its infamous London Whale derivatives scandal. The bank had used deposits in its federally-insured bank to gamble in derivatives in London and lose $6.2 billion of depositors’ money along the way. Its consent decree with the OCC <https://www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-7a.pdf> said this: “The OCC’s examination findings establish that the Bank has deficiencies in its internal controls and has engaged in unsafe or unsound banking practices and violations of 12 C.F.R. Part 3, Appendix B (Market Risk Management Amendment) with respect to the credit derivatives trading strategies, activities and positions employed by the CIO on behalf of the Bank. The deficiencies and unsafe and unsound practices include the following: “(a) The Bank’s oversight and governance of the credit derivatives trading conducted by the CIO were inadequate to protect the Bank from material risks in those trading strategies, activities and positions; “(b) The Bank’s risk management processes and procedures for the credit derivatives trading conducted by the CIO did not provide an adequate foundation to identify, understand, measure, monitor and control risk; “(c) The Bank’s valuation control processes and procedures for the credit derivatives trading conducted by the CIO were insufficient to provide a rigorous and effective assessment of valuation; “(d) The Bank’s internal audit processes and procedures related to the credit derivatives trading conducted by the CIO were not effective; and “(e) The Bank’s model risk management practices and procedures were inadequate to provide adequate controls over certain of the Bank’s market risk and price risk models.” The overarching question is why is this federally-insured bank still allowed to trade *any* derivatives by its banking regulators, let alone $3.3 *trillion* in stock derivatives? The same man sitting at the helm of the bank at the time of the London Whale fiasco, Jamie Dimon, remains the Chairman and CEO of JPMorgan Chase. https://wallstreetonparade.com/2021/12/occ-report-shows-jpmorgan-chase-owns… -- *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107 New York, New York 10001 [View Less]

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First swallow of spring
by professor rat 23 Dec '21

23 Dec '21

https://www.coindesk.com/business/2021/12/23/banks-swift-messaging-system-t… Crypto " Dangerous " sez Donald Dumbfuck. For once he could be right.

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Taking a fifth not taking the Fifth
by professor rat 23 Dec '21

23 Dec '21

Keep your spirits up through the Humbug season https://pbs.twimg.com/media/FHP6DtrXIAA-4bJ?format=jpg&name=900x900 https://pbs.twimg.com/media/FHOVMfhWQAEv1R7?format=jpg&name=900x900 Always thinking. That's why I like you, Butch.

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Frozen Tardigrade becomes first quantum-mechanically entangled animal
by professor rat 23 Dec '21

23 Dec '21

Oh, wait . . . no, sorry . . . that was just Jim Dumbell shitposting about REASON magazine. My bat.

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Reason Video.
by jim bell 23 Dec '21

23 Dec '21

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[spam][crazy] Report re: newsfeed
by Victim of Undiscussed Horrifically Abusive Brainwashing 23 Dec '21

23 Dec '21

I went to defcon once and learned there about rtl-sdr.com . When I copypasted the article that advertised low-end products, my suffering reduced. It was nice, it was a topic I like. I want to buy them! I looked for other recent articles, maybe mentioning some of ettus's full-spectrum products, didn't find that but I did find a current article from hackaday.com where somebody had run their own weather satellite, and used an SDR to pretend to be a fake sensor and give fake data. My suffering … [View More]

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