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Fwd: Quick on the Draw: Line Adjustment and Draw Behavior in Failing Banks
by Gunnar Larson 15 Sep '22

15 Sep '22

---------- Forwarded message --------- From: FDIC Subscriptions <subscriptions(a)subscriptions.fdic.gov> Date: Wed, Sep 14, 2022, 10:13 AM Subject: Quick on the Draw: Line Adjustment and Draw Behavior in Failing Banks To: <g(a)xny.io> [image: Federal Deposit Insurance Corporation (FDIC)] <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVy…> Working Paper | September 14, 2022 *Quick on the Draw: Line Adjustment and Draw Behavior in * *Failing Banks* *By: Amanda Rae Heitz, Jeffrey Traczynski and Alexander Ufier* *Abstract: * Using a proprietary set of transaction-level HELOC data from five banks, we explore whether banks actively manage HELOCs for periods prior to and during bank distress. Banks are more likely to revoke credit lines that exhibit potentially problematic characteristics at origination and time-varying borrower “early warning signals” of risk. In the three months before each bank’s staggered failure date, when bank capital constraints and incentives to strategically deploy that capital increase, our findings grow in magnitude. In contrast, during this time, we find that, on average, borrowers do not increase HELOC drawdown rates. The existing literature focuses on how bank relationships can be valuable during periods of economic or borrower stress. To our knowledge, we are the first paper to examine the value of lending as well as deposit relationships during bank stress. Before the bank becomes distressed, we find that existing relationships have no adverse effects on banks’ decision to revoke credit. As failure approaches, however, borrowers with other lending relationships are more likely to have their HELOCs cut, suggesting that lending relationships do not benefit borrowers during times of bank stress. We contribute to a growing literature that explores how contractions in the supply of credit and deteriorating bank financial health affect bank and borrower behavior. Read the working paper, “Quick on the Draw: Line Adjustment and Draw Behavior in Failing Banks” <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVy…> by Amanda Rae Heitz, Jeffrey Traczynski and Alexander Ufier. FDIC Center for Financial Research <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVy…> working papers are preliminary materials circulated to stimulate discussion and critical comment. The analysis, conclusions, and opinions set forth in the papers are those of the author(s) alone and do not necessarily reflect the views of the Federal Deposit Insurance Corporation. ### *The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVy…>.* *Stay Connected* <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDQsInVy…> <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVy…> <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVy…> <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVy…> <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVy…> <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVy…> ------------------------------ Questions for FDIC? Contact Us <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVy…> Subscriber Services: Manage Preferences <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVy…> | Unsubscribe All <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInF1…> | Help <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTMsInVy…> ------------------------------ This email was sent to g(a)xny.io using GovDelivery Communications Cloud on behalf of: FDIC Subscriptions · 3501 Fairfax Drive · Arlington, VA 22226 · 877-275-3342 [image: GovDelivery logo] <https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTQsInVy…>

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JPMorgan Chase, Morgan Stanley and Wells Fargo Flunk a Test Measuring their Support for American Democracy
by Gunnar Larson 15 Sep '22

15 Sep '22

https://wallstreetonparade.com/2022/09/jpmorgan-chase-morgan-stanley-and-we… The nonpartisan watchdog group, Accountable.US <https://accountable.us/about/>, has released the results of an investigation into how committed to democracy the 100 largest corporations in America are. The corporations were graded on support for voting rights, the electoral process, and American democracy. The results were provided in an interactive resource called the American Democracy Scorecard <https://www.americandemocracyscorecard.org/>. Researchers looked at 14 key criteria. Seven elements of the criteria involved making pro-democracy statements, being affiliated with pro-democracy organizations, and taking other pro-democracy actions. Seven other criteria involved corporate contributions to elected officials who are undermining democracy and voting rights. Three of the largest mega banks on Wall Street, JPMorgan Chase, Morgan Stanley, and Wells Fargo, flunked the democracy test, each receiving a score of “F.” Goldman Sachs received a “D.” Bank of America and Citigroup received a “B” grade, but, clearly, that was based on very recent history. ---------- Forwarded message --------- From: Pam Martens <alerts(a)wallstreetonparade.com> Date: Thu, Sep 15, 2022, 11:01 AM Subject: Once Daily Digest Email To: <alerts(a)wallstreetonparade.com> Wall Street On Parade has posted a new item: JPMorgan Chase, Morgan Stanley and Wells Fargo Flunk a Test Measuring their Support for American Democracy https://wallstreetonparade.com/2022/09/jpmorgan-chase-morgan-stanley-and-we… By Pam Martens and Russ Martens: September 15, 2022 ~ The nonpartisan watchdog group, Accountable.US, has released the results of an investigation into how committed to democracy the 100 largest corporations in America are. The corporations were graded on support for voting rights, the electoral process, and American democracy. The results were provided in an interactive resource [...] If the hyperlink above is not active, please paste it into your browser and press "Go" to read the full article. You received this e-mail because you asked to be notified when new updates are posted. If you ever wish to stop receiving these emails from us, just email me at pamk741(a)aol.com with the word "Unsubscribe" in the subject line. Best regards, Pam Martens, Editor, Wall Street On Parade

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xNY.io WhitePaper — xNY.io
by Gunnar Larson 15 Sep '22

15 Sep '22

https://xny.io/whitepaper Being extremely clear and transparent, xNY.io's business models emphasize taking advantage of our competitors who have designed global regulatory abtrigatre frameworks at the expense of customers. Our simple strategy rests in the fact that virtual currency has cross-border utilities. CryptoBank’s strategy innovates beyond New York bank's misemploying Manhattan Island as a walled garden for bad HR management camps while wrongfully profiting off of the back of the most vulnerable across global markets.

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The Association Between Geographic Location & Anxiety and Depression in Transgender Individuals
by professor rat 14 Sep '22

14 Sep '22

A part of Transgender Health Editor-in-Chief: Robert Garofalo, MD, MPH https://www.liebertpub.com/toc/trgh/1/1 Reposts not HIV denial

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Fuck Dana White and that Jackass Joe he Rogan on
by professor rat 14 Sep '22

14 Sep '22

The UFC sucks arse - bit like Gramps tries to here https://anarchistnews.org/content/leftists-breaking-right%E2%80%99s-chokeho… Reposts not roundhouse

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The Mob Museum in Downtown Las Vegas - About - Executive Bios
by professor rat 14 Sep '22

14 Sep '22

Ace Rothstein : Four reels, sevens across on three $15,000 jackpots. Do you have any idea what the odds are? Don Ward : Shoot, it's gotta be in the millions, maybe more. Ace Rothstein : Three fuckin' jackpots in 20 minutes? Why didn't you pull the machines? Why didn't you call me? Don Ward : Well, it happened so quick, 3 guys won; I didn't have a chance... Ace Rothstein : [interrupts] You didn't see the scam? You didn't see what was going on? Don Ward : Well, there's no way to determine that... Ace Rothstein : Yes there is! An infallible way, they won!

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Mark Zuckerberg is ‘continuing to derail’ Facebook, says Harvard expert: ‘He’s really lost his way’
by professor rat 14 Sep '22

14 Sep '22

For my 2c he dropped the ball on DIEM which could have been a global UBI by now " ITS FREE AND ALWAYS WILL BE! " The internet way is to profit by giving things away - something Harvard Business School will never understand. https://stiffs.com/celebrity/markzuckerberg

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Fwd: Open FOIL NY Request From : Gunnar Larson : 2021 Apple Card Report
by Gunnar Larson 13 Sep '22

13 Sep '22

---------- Forwarded message --------- From: Paasewe, Siaka (DHR) <Siaka.Paasewe(a)dhr.ny.gov> Date: Tue, Sep 13, 2022, 6:39 PM Subject: RE: Open FOIL NY Request From : Gunnar Larson : 2021 Apple Card Report To: G(a)xny.io <g(a)xny.io> Cc: dhr.dl.foil <foil(a)dhr.ny.gov> Dear Mr. Larson: Pursuant to your request below, please see the attachment. Siaka Paasewe Records Access Officer NYS Division of Human Rights One Fordham Plaza, 4th Floor Bronx, NY 10458 Siaka.Paasewe(a)dhr.ny.gov foil(a)dhr.ny.gov (718) 741-8422 (718) 741-8256 [Fax] *From:* noreply-openfoil(a)its.ny.gov <its.sm.openfoil(a)its.ny.gov> *Sent:* Sunday, March 27, 2022 9:04 PM *To:* dhr.dl.foil <foil(a)dhr.ny.gov>; records.access(a)exec.ny.gov; dfs.sm.RecordsAccessOfficer <recordsaccessofficer(a)dfs.ny.gov> *Subject:* Open FOIL NY Request From : Gunnar Larson : 2021 Apple Card Report *New FOIL Request for Division of Human Rights, Executive Chamber, Department of Financial Services * Submitted on: 3/27/2022 9:04:01 PM Request Confirmation Number : LARSON_DHR_20220327210401303 LARSON_EXEC_20220327210401303 LARSON_DFS_20220327210401303 *INFORMATION SUBMITTED:* *Title* *First Name* Gunnar *Middle Initial* *Last Name* Larson *E-Mail* g(a)xny.io *Telephone* (646) 454-9107 *Fax* *Affiliation/Organization* xNY.io *Street Address 1* *Street Address 2* *City* *State* NY *Zip Code* 10001 *Country* *USA* *Short Title* 2021 Apple Card Report *Description* Dear Madam or Sir: We would like to receive any and all records, relating to NY-DFS' 2021 Apple Card Investigation. This is one part of a broader discussion we must have about equal credit access. On March 23, 2021, Ms. Linda Lacewell published NY-DFS' Findings on Apple Card and its Underwriter Goldman Sachs Bank. As the former Superintendent of NY-DFS, Ms. Lacewell's stone faced propaganda assured that Apple Card did not discriminate against women, while under Goldman Sachs management. The red flags started to appear when an authorized user drew attention to the following: A person who relies on a spouse's access to credit, and only accesses those accounts as an authorized user, may incorrectly believe they have the same credit profile as the spouse. We recently collated 61 highlights to the Report on Apple Card Investigation from March 2021: https://drive.google.com/file/d/1xH16OKyuXzB-MVqIznMWDE9w8RRdmZCw/view The Apple Card investigation was to assess women's access to equitable finance. The integrity of the Apple Card investigation must be rationally considered as flawed. We would like to receive any and all records of Ms. Linda Lacewell's (emails, texts, and similar) involvement with the 2021 Apple Card report. We would like to receive any and all records to NY-DFS association to evaluating Ms. Linda Lacewell's ability to score a report specific to the Apple Card's core subject of credit access for women. Finally, we would like to receive any and all records related to NY-DFS guidance on Interlocking Directorates ( https://www.dfs.ny.gov/apps_and_licensing/banks_and_trusts/other/Permission…) specific to Apple's Board of Directors and Goldman Sachs' Board of Directors. Thank you, Gunnar Larson *FOIL Response Format* Email *If fees apply, please contact me if costs will be greater than* 25000 *Additional Information* I am a representative of, or affiliated with, the news media and this request is made as part of a news gathering effort , I am an individual seeking information for personal use , I am affiliated with an educational or non-commercial scientific institution, and this request is made for a scholarly or scientific purpose , I am affiliated with a private corporation and am seeking information for use in the company’s business for commercial purpose

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Godard as a bit of a dick
by professor rat 13 Sep '22

13 Sep '22

When he stands up to speak at a student rally, he can only come up with an incoherent babble about Jews being the new Nazis, and he’s increasingly mean-spirited and jealous (the film is based on the memoir of his then wife, Anne Wiazemsky). He bristles when fellow protesters keep asking when he’s going to make another entertaining film like A Bout de Souffle or Le Mépris. At one point, Godard’s new associate Jean-Pierre Gorin outlines the vision for their new, ill-fated Dziga Vertov collective: “A cinema with no script, no actors, no theatre and no literature.” A friend chips in, “No spectators either?” https://www.theguardian.com/film/2018/apr/23/jean-luc-godard-nostalgia-is-i… Reposts not re-screenings

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Juan Garofalo - shut your fucking mouth
by professor rat 13 Sep '22

13 Sep '22

Posting here as some batshit-crazy, Sid Vicious style NAZI punk. Call's himself " Natural Rights anarchist " - like this flaming fascist asshole calls himself anarchist. MMA fighter Jeff "The Snowman" Monson. Monson's Wikipedia page still lists his as an "anarcho-communist" - check out their Wikipedia page for a list of Russian ceremonies they partake in (like honoring Lenin). Some things of note from the Wikipedia page is that they host a TV show on Russia Today (RT) called Monson TV and that they are still a member of the IWW. Monson also became the first former USA citizen or something like that to be declared a citizen of the "Luhansk People's Republic" (Ukraine) and has expressed explicit support for the Russian war in Ukraine. Juan Garofalo GO KILL YOURSELF

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