April 2023 - cypherpunks - lists.cpunks.org

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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[crazy] smal thoughts on pressing govcorp targeting boundaries
by Undescribed Horrific Abuse, One Victim & Survivor of Many 28 Apr '23

28 Apr '23

canceled events, injured therapists, unanswered voicemails generally if i want to add a new formal event to my life, especially if it’s empowering or in-person, i have to jump through hoops and wait long delays. usually during the hoops and delays the people i’m trying to connect with can seem to get targeted as well. the delays can be attributed to missed messages, coincidental medical issues or other tragedies or sudden life changes, rescheduled venue constraints … and depending on the event they can also continue after the engagement, making continued connection hard. sometimes when i’m feeling extra limited regarding adding connections to my life or leaving the town or state or country i’m in, it can seem nice to find some way to establish a norm of something different. this is meaningful even just for my own psychology. what kind of things are reliable, and won’t get rescheduled — maybe big, popular events or gatherings? what kind of people can be easily reached without phone or email? what kind of events can be found without relying on digital and human updates …? what kind of places can i travel to, whether or not there’s an event there? …

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Quantum quack predicts encryption Ragnarok
by professor rat 27 Apr '23

27 Apr '23

Bad ideas cling together - and they'll cling to us if we let them https://www.math.columbia.edu/~woit/wordpress/?p=13480#comments Reposts not FUD and BS in high places

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Teixeira is like Amir Taaki in two respects
by professor rat 27 Apr '23

27 Apr '23

Another ISIS & KGB Russia loving fascist imbecile - just like Amir Taaki! https://twitter.com/michaeldweiss/status/1651630563525267456/photo/1 Reposts not " I'm leaving Twitter since they stopped ISIS tweeting " Amir bs

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Elon Musk needs killing ( My 2k sats )
by professor rat 27 Apr '23

27 Apr '23

Exhibit A https://twitter.com/jsrailton/status/1651648815970021381/photo/1 Reposts not graphic footage of govt collaborators getting necklaced

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Grarpamps is one of the most credulous assholes in recent memory.
by professor rat 27 Apr '23

27 Apr '23

But don't just take my word for that emptywheel 3h The boys who ran cover for Elmo's INCREASED cooperating with actual censorship are some of the most credulous assholes in recent memory. Quote Tweet John Scott-Railton @jsrailton 3h NEW: Twitter basically stopped fighting gov demands for censorship & surveillance under Musk. Shameful. Nightmare for freedom of expression. And dangerous to dissidents, opposition parties, human rights defenders etc. By @russellbrandom https://restofworld.org/2023/elon-musk-twitter-government-orders/… Show this thread

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Banks that Put Up $30 Billion to “Rescue” First Republic May Have Been Trying to Rescue their Own Exposure to $247 Trillion in Derivatives
by Gunnar Larson 27 Apr '23

27 Apr '23

https://wallstreetonparade.com/2023/04/banks-that-put-up-30-billion-to-resc… By Pam Martens and Russ Martens: April 27, 2023 ~Bank Logos (Thumbnail) Ever since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish an inferno at a competitor bank before it spread further, we have been asking ourselves the question – why just this group of 11 banks. We’re talking about the action on March 16 when 11 banks chipped in a total of $30 billion and bizarrely placed those funds as uninsured deposits into First Republic Bank – which was in full scale unraveling mode because of bond losses and – wait for it – too many uninsured deposits. Four banks contributed two-thirds of the total deposits with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo ponying up $5 billion each. Morgan Stanley and Goldman Sachs deposited $2.5 billion each; while BNY Mellon, State Street, PNC Bank, Truist and U.S. Bank each deposited $1 billion, together making up the other one-third of the $30 billion. According to the Federal Deposit Insurance Corporation, as of December 31, 2022 there were 4,706 federally-insured commercial banks and savings associations in the U.S. The 11 banks rushing to “rescue” First Republic Bank represent less than a fraction of one percent of the total banks. Banking in the U.S. is not particularly regarded as an altruistic industry. In fact, it frequently resembles a blood sport. So why this uncanny display of generosity to a competitor and why were just these 11 banks involved? Yesterday, we had an epiphany. We pulled up the most recent table from the Office of the Comptroller of the Currency showing the 25 bank holding companies that have the largest exposure to derivatives. Sure enough, each of those 11 banks is on the list. (See page 19 at this link.) The data is as of December 31, 2022. Equally noteworthy, the four banks that chipped in the giant sums of $5 billion each, control 58 percent of the total $247 trillion notional (face amount) in derivatives controlled by all 25 banks. And if that wasn’t already plenty to raise one’s blood pressure, for many of these banks the dollar amount of derivatives is exponentially more than the total assets of the bank holding company. For example, SMBC Americas Holdings, Inc. has $34.6 billion in assets and $10.3 trillion in derivatives. (You can’t make this stuff up.) It also caught our eye that three of the 25 banks on this list had their credit ratings impacted by the big action taken by Moody’s on April 21 when it downgraded the credit ratings of 11 banks on that date and put five more on negative watch. (See chart below.) So let’s look back a little further at what was going on in terms of credit ratings during the two days just preceding that $30 billion display of goodwill toward First Republic Bank. On Monday, March 13, Moody’s downgraded the entire U.S. banking system outlook to negative from stable. On that same date, a bank with ties to crypto customers, Metropolitan Commercial Bank, lost 44 percent of its market value and a California regional bank, Western Alliance Bancorp, lost 47 percent of its market value. By Wednesday morning, March 15, Dow futures were down more than 600 points just after 8:00 a.m. in New York; major banks in Europe had been temporarily halted from trading after steep selloffs; and Credit Suisse, with deep interconnections to the mega banks on Wall Street, had plunged to less than 2 bucks. Also, on March 15, the Wall Street Journal ran this subhead: “JPMorgan, Bank of America, Citigroup and Wells Fargo have lost about $91 billion in market value over the past week,” indicating that the contagion had spread to the biggest banks. To put it succinctly, the actions of those big derivative banks on March 16 might have had a lot more to do with white knuckles over the potential for this contagion to focus on the big derivative counterparty banks than a warm and fuzzy feeling toward First Republic Bank. Credit Downgrades by Moody's and Derivatives Exposure.

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Praise due Pastor Craig
by professor rat 27 Apr '23

27 Apr '23

Sure he's a fraud and serial-pest - so? Compared to some c-punks from the 90's he's a positive choir-boy! Take Nazi Nick Szabo or Guru Vinay Gupta or Adman Backstabber or Julian Rapist Assmange. Now you're talking seriously anti-social criminal scumbags as well as craven cowards. A circle of eunuchs has more going for it.

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Brody Larson
by Gunnar Larson 27 Apr '23

27 Apr '23

Mr. Lee: Can you kindly advise on the status of Brody Larson's ashes? Warm regards, Gunnar Larson ---------- Forwarded message --------- From: Erin Satterthwaite <Erin.Satterthwaite(a)aspca.org> Date: Mon, Apr 17, 2023, 10:12 AM Subject: Re: Brody Larson To: Gunnar Larson <g(a)xny.io> Hi there, I've been traveling and am out of the office today. I'm sorry if you got another letter but nothing has changed. What they told you about receiving the ashes was accurate. Thanks, Erin Satterthwaite ------------------------------ *From:* Gunnar Larson <g(a)xny.io> *Sent:* Friday, April 14, 2023 9:58:52 PM *To:* Erin Satterthwaite <Erin.Satterthwaite(a)aspca.org> *Cc:* iab(a)nypd.org <iab(a)nypd.org> *Subject:* Re: Brody Larson Ms. Satterthwaite: Thank you for our conversation on Monday, with email confirmation below. Also, on Monday your office called to confirm Brody's ashes would be delivered in one to two weeks. Today, I received a letter from your office. The letter was the same copy from the first letter dated April 4, 2023. As such, this afternoon, I left you a voice message. Can you kindly confirm when Brody's ashes will be available? Additionally, can you please confirm who at the NYPD is your primary contact. Thank you, Gunnar Larson On Mon, Apr 10, 2023, 10:22 AM Erin Satterthwaite < Erin.Satterthwaite(a)aspca.org> wrote: Hello Mr. Larson, I’m sorry for your loss. Someone will be in touch about getting Brody’s ashes back to you in the next day or two. Thanks, Erin Satterthwaite, Esq. NYC Senior Counsel Legal Advocacy & Investigations *ASPCA®* The American Society for the Prevention of Cruelty to Animals® Ownership | Elevate | Commitment | Team | Impact erin.satterthwaite(a)aspca.org Cell : (347) 213-7459 Fax: (866) 211-0380 *aspca.org <http://aspca.org>* *From:* Gunnar Larson <g(a)xny.io> *Sent:* Monday, April 10, 2023 10:19 AM *To:* Erin Satterthwaite <Erin.Satterthwaite(a)aspca.org> *Subject:* Re: Brody Larson Ms. Satterthwaite: Thank you for your call today. It breaks my heart that Brody has been put to sleep. Please let me know if I may collect his ashes. Gunnar Larson On Sun, Apr 9, 2023, 3:13 PM Gunnar Larson <g(a)xny.io> wrote: Ms. Satterthwaite: I have left you a few voice messages and emails regarding my St. Bernard, Brody. Do you have any updates? Thank you, Gunnar Larson On Sat, Apr 8, 2023, 12:35 PM Gunnar Larson <g(a)xny.io> wrote: Hello Ms. Satterthwaite: My name is Gunnar Larson. Today, I received a letter from your office. You may have my dog Brody. He is a Saint Bernard. Please contact me as soon as possible. Gunnar Larson 917-580-8053 Gunn

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