April 2023 - cypherpunks - lists.cpunks.org

Ex-Goldman Banker Ng Seeks Delay to Start of 10-Year Sentence (1MDB Goldman Sachs Fraud)
by Gunnar Larson 29 Apr '23

29 Apr '23

The Wolf of Wall Street was financed out of this 1MDB Goldman Sachs scandal. Have you heard of the Brody of Wall Street? Top dog, Brody Larson (RIP) lost in the line of duty. I loved that dog. --- Former Goldman Sachs Group Inc. (GS) banker Roger Ng asked a US judge to delay the start of a 10-year prison sentence for his role in the global 1MDB fraud, saying he needs three months to allow for his wife and young daughter to arrive in New York from Malaysia. Ex-Goldman Banker Ng Seeks Delay to Start of 10-Year Sentence https://www.bloomberg.com/news/articles/2023-04-28/ex-goldman-banker-ng-see…

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I Was Skeptical About Innovation Advice, So I Put It to the Test
by Gunnar Larson 29 Apr '23

29 Apr '23

The most influential book ever written about how to innovate turns 70 this year. It features no mentions of the word “innovate” and just one of “innovation” — its author, advertising executive Alex F. Osborn of Buffalo, New York, preferred “creativity” or “imagination.” It is also definitely of another era: “In New York, Robert Moses has shown what imagination can do,” Osborn gushes. “If parents cannot spare the rod, they can at least think of better ways to spank,” he suggests a little later. His lists of exercises at the end of every chapter feature gems such as: I Was Skeptical About Innovation Advice, So I Put It to the Test https://www.bloomberg.com/opinion/articles/2023-04-29/i-was-skeptical-about…

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Peter Thiel Tells Black-Tie NYC Audience That Diversity Is a Distraction
by Gunnar Larson 29 Apr '23

29 Apr '23

Peter Thiel, the billionaire tech investor and one-time adviser to President Donald Trump, is renewing his argument that there are more serious issues facing society than debates over diversity and identity politics. Peter Thiel Tells Black-Tie NYC Audience That Diversity Is a Distraction https://www.bloomberg.com/news/articles/2023-04-28/peter-thiel-tells-black-…

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Twitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’
by Gunnar Larson 29 Apr '23

29 Apr '23

Twitter co-founder Jack Dorsey — once a supporter of Elon Musk’s $44 billion acquisition of the site — is now offering sharp criticism of the new owner and his handling of the deal. Twitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’ https://www.bloomberg.com/news/articles/2023-04-29/twitter-co-founder-dorse…

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You don't know Jack
by professor rat 29 Apr '23

29 Apr '23

Jack Smith has zeroed in on the quarter billion dollars that Donald Trump and his co-conspirators raised by claiming that the 2020 election had been stolen from them. Significant proof has since emerged that Trump and many of his people knew at the time that the election hadn’t been stolen, which means they committed wire fraud by raising that money under false pretenses That Stop-the-Steal Scam With election tampering, incitement, obstruction of justice, and Espionage Act charges already in the mix, does Jack Smith really need to add wire fraud charges against Trump as well? The answer is yes. The point of bringing wire fraud charges alongside all the other charges is that it acts as an insurance policy. Even if the trial jury isn’t willing to take a leap on the bigger and more complex charges, the jury should certainly convict on something like wire fraud, where the proof is right there on paper. https://www.palmerreport.com/analysis/looks-like-jack-smith-has-donald-trum… Reposts not gleeful knitting by the guillotine

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Calls for an American Lobotomy
by professor rat 29 Apr '23

29 Apr '23

The liberatory promises of the 1990s, the high point of the Californian Ideology, have led over the past decade and a half to mass epistemic fragmentation and social-cognitive degeneration: ever-shorter attention spans; a tribalized and post-rational society; citizens who are far less literate, creative, or capable of critical and abstract thinking than their forebears; human beings who are lonelier, more atomized, and prone to mental illness; a public discourse mired in the shallow and ephemeral; a nation stuck in a never-ending present . . ." https://compactmag.com/article/we-must-declare-jihad-against-a-i Reposts for a second Tleilaxu Foundation the answer to bad Ghola speech being more Ghola speech

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111 Highlights - FDIC’S SUPERVISION OF SIGNATURE BANK
by Gunnar Larson 29 Apr '23

29 Apr '23

xNY.io - Bank.org collates 111 highlights to the "FDIC’S SUPERVISION OF SIGNATURE BANK." https://drive.google.com/file/d/1La2K6-B158sIypq-FYW8MjRm9MgvINwJ/view?usp=… On March 12, 2023, the New York State Department of Financial Services (NYSDFS) closed Signature Bank of New York (SBNY) and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of the bank. SBNY was a full-service, commercial bank founded in 2001. As of December 31, 2022, SBNY had total deposits of $88.6 billion and total assets of $110.4 billion. SBNY was the 29th largest bank in the country, and its failure constituted the third largest bank failure in United States history. As of March 19, 2023, the FDIC estimated the cost of SBNY’s failure to the Deposit Insurance Fund (DIF) to be approximately $2.5 billion. The exact cost will be determined when the FDIC terminates the receivership. The FDIC was the primary federal regulator of SBNY and, in late March, FDIC Chairman Martin J. Gruenberg commissioned the FDIC’s Chief Risk Officer to conduct an internal review of the agency's supervision of SBNY and produce a report to the FDIC Board of Directors for release to the public by May 1, 2023.

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My name is Dmitry Petrov, and if you read these lines, then most likely I died
by professor rat 29 Apr '23

29 Apr '23

As an anarchist, revolutionary and Russian, I found it necessary to take part in the armed resistance of the Ukrainian people against Putin’s occupiers. I did this for justice, for defense of the Ukrainian society and for liberation of my country, Russia, from oppression. For the sake of all the people who are deprived of their dignity and the opportunity to breathe freely by the vile totalitarian system created in Russia and Belarus. https://anarchistnews.org/comment/53800#comment-53800 Reposts not all dead communists are good ones and Dim an exception to prove this rule

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214 Highlights - Review of the Federal Reserve’s Supervision and Regulation of Silicon Valley Bank
by Gunnar Larson 28 Apr '23

28 Apr '23

xNY.io - Bank.org collates 214 highlights to the "Review of the Federal Reserve’s Supervision and Regulation of Silicon Valley Bank." https://drive.google.com/file/d/1LXZB60lmoAnZiTaC5q6cmfLuOKPzG4AT/view?usp=… --- Silicon Valley Bank (SVB) failed because of a textbook case of mismanagement by the bank. Its senior leadership failed to manage basic interest rate and liquidity risk. Its board of directors failed to oversee senior leadership and hold them accountable. And Federal Reserve supervisors failed to take forceful enough action, as detailed in the report. The four key takeaways of the report are: 1. Silicon Valley Bank’s board of directors and management failed to manage their risks. 2. Supervisors did not fully appreciate the extent of the vulnerabilities as Silicon Valley Bank grew in size and complexity. 3. When supervisors did identify vulnerabilities, they did not take sufficient steps to ensure that Silicon Valley Bank fixed those problems quickly enough. 4. The Board’s tailoring approach in response to the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) and a shift in the stance of supervisory policy impeded effective supervision by reducing standards, increasing complexity, and promoting a less assertive supervisory approach.

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Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin
by Gunnar Larson 28 Apr '23

28 Apr '23

This could may in the future read, 'fugitive, failed BitLicense regulator in New York ...' How much money has Coinbase and the Fireblocks 'regulatory board advisor' funneled through the software after leaving as SEC Chair? The BitLicense sounds more and more like a fraud scheme at the sacrifice of international peace and security. ---- A US judge has ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin — the highest-ever civil monetary penalty in any US Commodity Futures Trading Commission case. Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin https://www.bloomberg.com/news/articles/2023-04-27/fugitive-ceo-ordered-to-…

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