March 2023 - cypherpunks - lists.cpunks.org

Justice Department’s Ongoing Section 8 Enforcement Prevents More Potentially Illegal Interlocking Directorates | OPA | Department of Justice
by Gunnar Larson 10 Mar '23

10 Mar '23

https://www.justice.gov/opa/pr/justice-department-s-ongoing-section-8-enfor… FOR IMMEDIATE RELEASE Thursday, March 9, 2023 Justice Department’s Ongoing Section 8 Enforcement Prevents More Potentially Illegal Interlocking Directorates Antitrust Division Continues to Focus on Competitors Sharing Company Directors in Violation of Section 8 of the Clayton Act The Justice Department announced today that five more directors resigned from four corporate boards and one company declined to exercise board appointment rights in response to the Antitrust Division’s enforcement efforts around Section 8 of the Clayton Act (Section 8). Section 8, which Congress made a per se violation of the antitrust laws, prohibits directors and officers from serving simultaneously on the boards of competitors, subject to limited exceptions. Today’s announcement brings the number of interlocks unwound or prevented as a result of the division’s recent efforts to at least thirteen directors from ten boards. “Enforcement of Section 8 will continue to be a focus for the division just as Congress intended,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “We will continue to enforce the antitrust laws when necessary to address illegal board interlocks.” The following companies and directors unwound interlocks or declined to appoint board members, without admitting liability: Qualys, Inc., SumoLogic, Inc., and F5, Inc. – Qualys, SumoLogic, and F5 are providers of cloud security assessments, audit and compliance services, and firewall and monitoring products and services. One director served simultaneously on the boards of all three companies. After the division expressed concerns about the alleged interlock, the director recently resigned from Qualys’s board and declined to stand for reelection to F5’s board. N-able, Inc., Dynatrace, Inc., and SolarWinds Corp. – N-able, Dynatrace, and SolarWinds are software companies. Representatives of the investment firm Thoma Bravo sat on all three companies’ boards. As the department previously announced in October 2022, three Thoma Bravo representatives resigned from the SolarWinds’s board in response to the division’s concerns about the alleged interlock between Dynatrace and SolarWinds. Shortly thereafter, in November 2022, two separate Thoma Bravo designees resigned from the N-able board. Brookfield Asset Management Inc. and American Equity Investment Life Holding Company (AEL) – AEL and a Brookfield Asset Management subsidiary’s wholly-owned company American National are both insurance companies. Brookfield and/or its subsidiary appointed the officers or directors on the American National board. Additionally, the Brookfield subsidiary has the contractual right to appoint a director to the AEL board, and in December 2022, the Brookfield subsidiary announced that it would exercise that right. After the division raised concerns regarding the potential interlock, the Brookfield subsidiary announced it had changed course and it was withdrawing its proposed nomination to the AEL board. Sun Country Airlines Holdings, Inc. and Atlas Air Worldwide Holdings, Inc. – Sun Country and Atlas Air both provide crew, maintenance, and insurance for domestic air freight routes. In August 2022, an investment group led by Apollo Global Management, Inc. proposed acquiring all of Atlas Air’s outstanding shares. At the time, two Apollo-affiliated individuals sat on the Sun Country board of directors. After the division raised concerns regarding a potential interlock arising from Apollo’s proposed acquisition of Atlas Air, the two Apollo-affiliated directors resigned from the Sun Country board. Anyone with information about potential interlocking directorates or any other potential violations of the antitrust laws is encouraged to contact the Antitrust Division’s Citizen Complaint Center at 1-888-647-3258 or antitrust.complaints(a)usdoj.gov.

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Fwd: Thank you for applying at Electronic Frontier Foundation
by Gunnar Larson 10 Mar '23

10 Mar '23

Thank God, hallelujah for the Electronic Frontier Fondation. As I was submitting this application for consideration, I am being entrapped. They are saying, "Gunnar, you have no experience as a Secretary ." On this day in history. ---------- Forwarded message --------- From: Electronic Frontier Foundation <notifications(a)app.bamboohr.com> Date: Fri, Mar 10, 2023, 10:22 AM Subject: Thank you for applying at Electronic Frontier Foundation To: Gunnar Larson <g(a)xny.io> [image: Electronic Frontier Foundation] Thanks Gunnar! We received your application. Hi Gunnar, Thank you so much for your interest in Electronic Frontier Foundation and for taking the time to apply for the Legal Secretary position. We just wanted to let you know that we received your application, and that we're looking forward to reviewing it. We will notify you if we require any additional information. We may take several weeks to review your materials fully and get back to you. Have a great day! Lee Walker Director of Human Resources [image: BambooHR] <https://www.bamboohr.com>

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xNY.io - Bank.org | DOJ Memo #3 - Goldman Sachs Deferred Prosecution Agreement
by Gunnar Larson 10 Mar '23

10 Mar '23

Dear Mr. Marzulli: The Department of Justice has yet to respond to Memo #1 <https://docs.google.com/document/d/1OsxfjN3TUepftKklopkQDSMwFWstWozuku4IPPu…>, Memo #2 <https://docs.google.com/document/d/10BYgCtCf9F7A4YnhN792cTBU6P-pfdaOg0UTRbt…> with our recent inquiry to the 1Malaysia Development Berhad Deferred Agreement. Goldman Sachs' Deferred Prosecution Agreement with the United States of America is in potential breach, with ethical enforcement being concerned. Memo #3 <https://docs.google.com/document/d/1QFZ2sFXx1cSYRcZTOGdPelZbVtuhpHuCKk011Uz…> aims to associate the malfeasance with the Marketplace Manipulation Please find a link to Memo #3 <https://docs.google.com/document/d/1QFZ2sFXx1cSYRcZTOGdPelZbVtuhpHuCKk011Uz…> here and also attached for your reference. Greatly looking forward to your reply. Sending you the very best regards. Respectfully yours, Gunnar -- *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

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Bank Stocks Plummet as Bank Runs in the U.S. Gain Momentum at Federally-Insured, Non-Traditional Banks
by Gunnar Larson 10 Mar '23

10 Mar '23

https://wallstreetonparade.com/2023/03/bank-stocks-plummet-as-bank-runs-in-… By Pam Martens and Russ Martens: March 10, 2023 ~ Frightened Wall Street TraderIf you keep a diary or news journal, be sure to write down March 9, 2023 as the day that a full-blown bank run began at non-traditional banks in the U.S. Bank depositors were already nervous after federally-insured Silvergate Bank (ticker SI) announced on Wednesday evening that it was closing and liquidating. Its publicly-traded stock had already lost over 90 percent of its market value over the prior 12 months at that point. Silvergate had made the fatal decision several years ago to become the go-to bank for crypto companies, including scandalized Sam Bankman-Fried’s collapsed house of frauds, FTX and Alameda Research. As details of its questionable activities related to Bankman-Fried’s enterprises emerged, 68 percent of its deposits related to crypto companies took flight in just the last quarter of 2022. After Silvergate confirmed in an SEC filing on March 1 that an investigation of its conduct was underway at the U.S. Department of Justice, and that it had doubts about its ability to continue as a going concern, its fate was sealed. Now, for the second time in less than two weeks, depositors are panicking over the fate of another federally-insured bank. This time it’s Silicon Valley Bank (ticker for holding company is SIVB) which, like Silvergate Bank, had become a go-to bank for a special niche customer. Instead of crypto, its niche was venture capital outfits and private equity firms. Silicon Valley Bank is not a small bank. According to its regulatory filings, as of December 31 it held $161.4 billion in domestic deposits and $13.9 billion in foreign deposits. The bank panicked investors and depositors alike on Wednesday when it said it would issue $2.25 billion more in stock (thus diluting other stockholders) and that it had taken a $1.8 billion loss on substantially all of its available-for-sale bonds. The stock price reacted by plummeting yesterday, closing down 60.41 percent in one trading session. In premarket trading this morning, the shares were down another 40 percent at one point. As for the potential for a continuance of a depositor run this morning, the bank is likely feeling the pain from the following paragraph that appeared in the Wall Street Journal last night: “Garry Tan, president of the startup incubator Y Combinator, posted this internal message to founders in the program: ‘We have no specific knowledge of what’s happening at SVB. But anytime you hear problems of solvency in any bank, and it can be deemed credible, you should take it seriously and prioritize the interests of your startup by not exposing yourself to more than $250K of exposure there. As always, your startup dies when you run out of money for whatever reason.’ ” The figure, $250,000, refers to the amount of federal deposit insurance per depositor, per insured bank. Unfortunately, the bank panic spread quickly yesterday to other banks – both large and small. PacWest Bancorp (ticker PACW) lost 25.45 percent of its market value by the closing bell yesterday while First Republic Bank (ticker FRC) fell by 16.51 percent. Mega banks on Wall Street were also not immune to the fallout: Bank of America (ticker BAC) lost 6.20 percent while the largest bank in the U.S., JPMorgan Chase (ticker JPM) – which is also battling lawsuits and escalating press about its ties to deceased child sex trafficker Jeffrey Epstein – fell by 5.41 percent. The Federal Deposit Insurance Corporation (FDIC), whose Deposit Insurance Fund (DIF), has to make good on deposits at insured U.S. banks in the event of a bank failure, noted in February that unrealized losses at U.S. banks for bond holdings totaled $620 billion at the end of the fourth quarter of last year. When interest rates rise, as they have dramatically over the past year, the current market value of bonds issued at lower locked-in interest rates fall. That is typically not a problem for banks – unless there is a stampede by depositors to get their money out of the bank and the bank is forced to sell the bonds at a loss to raise liquidity.

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The Replacement Killers
by professor rat 10 Mar '23

10 Mar '23

The CROK was ticking https://cointelegraph.com/news/cbdcs-threaten-our-future-so-it-s-time-to-ta… Mnemonic for CBDC’s " CROK " as in " Crock of shit " or " Short for CROOK "? Nice to work " BS " in there somehow. Reposts not nationalist cunts easily displaced by stableboys

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John Gilmore's activism - so tepid it barely qualifies as liberal
by professor rat 10 Mar '23

10 Mar '23

An outspoken civil libertarian, Gilmore has sued the Federal Aviation Administration, the United States Department of Justice, and others. He was the plaintiff in the prominent case Gilmore v. Gonzales, challenging secret travel-restriction laws, https://en.wikipedia.org/wiki/John_Gilmore_(activist) Reposts not dark plots to drive the point home to all sawn-off, c-punk Caesar's

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ERIC Hughes as Benedict Arnold
by professor rat 10 Mar '23

10 Mar '23

Since ' The Cypherpunk Manifesto ' is now 30 I'll say a few things about its author. 1) Tim ' Mongo ' May often felt the need to interpret gasbag Hughes ' cypherpunks write code ' tagline in its widest possible sense. Numerous examples scattered throughout the archives. TL/DR cypherpunks DON'T have to write computer code! 2) Cypherpunks might be grateful for Hughes (co?) invention of anonymized remailers - but no good deed ever goes unpunished around here. 3 ) In late 2001 timewaster Eric Hughes became a disgrace to all humanity https://marc.info/?l=cypherpunks&m=100033706011457&w=2 Reposts not one-hit-wonders

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[log][personal][crazy] strange thing
by Undescribed Horrific Abuse, One Victim & Survivor of Many 10 Mar '23

10 Mar '23

uh so i was trying to find trauma therapy, which is vv confusing for me i found a site arc17.org on phone but it wouldn't show anything so i went to desktop and the site didn't exist, nor show up in web searches then i websearched for their phone number, and it showed up, and loaded so most likely i just mistyped it the first few times. but if it really does show putting me in a censorship box, it would be really helpful for me to consciously realize that. i'd make better decisions. it may be at the end of this flat_tree desktop stream on arweave: {"ditem": ["qoWxwCjR4JK1sFXxe8tnrGuAIhdCAz767lLogaD3KXE"], "min_block": [1132516, "J008ZO2T3s8QRA7t3lcQ8ZZXfroSvNyR-07uozg0wW6ljhY9eoPc2pfWlrefUk35"], "api_timestamp": 1678286021609} dunno why i couldn't visit https://www.arc17.org/ but i can now i suppose. the normal explanation is that a traumatically programmed part of me mistyped the url and hid this from me.

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An appeal to snitches and journalists for their own safety!
by professor rat 09 Mar '23

09 Mar '23

Anarchist haters say the darnedest things so regularly you can set your watch by them https://anarchistnews.org/content/atlanta-few-more-words-against-rats#comme… Reposts not bigger stitch-ups than the Bayeux tapestry

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How Sgt Shultz Kulturkampf trashes once-great universities
by professor rat 09 Mar '23

09 Mar '23

There was money – and lots of it – for organizations that were willing to take the culture war to America’s universities, creating an entire political economy https://crookedtimber.org/2023/03/06/conservatives-on-campus/ Many outside organizations encourage students on the right to plan events specifically designed to incite outrage among their left-leaning peers. Once outrage is successfully sparked, and progressive students demand that administrators do something in response, the front line of conservative politics shifts to protecting the speech rights of reactionaries and provocateurs.

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