Dismal's Smacks

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Liquidity Fairy Alert! Bank Term Funding Program usage rose this week ($102.927B vs $102.305B on 7/12), marking the 7th straight week over $100B. It's looking more and more like there's an over-reliance on Fed Funding.

Liquidity Fairy Alert! Bank Term Funding Program usage rose this week ($102.927B vs $102.305B on 7/12), marking the 7th straight week over $100B. It's looking more and more like there's an over-reliance on Fed Funding.

I believe this be a moral hazard. Good afternoon Superstonk, I hope everyone's day is going well--it's almost Friday! Borrowing from the Bank Term Funding Program is on the increase again! What we are monitoring: 1. Bank Term Funding Program (BTFP) 2. Discount Window/Primary Credit

OPEN meeting Wednesday July 26, 2023 at 10 a.m. SEC to consider whether to propose new and amended rules relating to conflicts of interest associated with broker-dealers’ use of predictive data analytics in connection with certain investor interactions.

Source: https://public-inspection.federalregister.gov/2023-15664.pdf MATTERS TO BE CONSIDERED: 1. The Commission will consider whether to adopt rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incidents by public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934.

OPEN meeting 1:00 p.m. on Thursday, July 27, 2023 to discuss proposed rules to implement the Basel III endgame agreement for large banks and adjustments to the surcharge for U.S. global systemically important banks.

Source: https://public-inspection.federalregister.gov/2023-15657.pdf FDIC Chair Martin Gruenberg spoke about this the other day: https://www.fdic.gov/news/speeches/2023/spjun2223.html Wut mean?: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through

Gary Gensler's Testimony to the Appropriations Committee About the 2024 Budget Request of $2.436B (Congress Funded at $2.364 billion). Staffing Surpassing 7-Year Levels, 35K+ Tips in 2022 (Double from 2016).

Gary Gensler's Testimony to the Appropriations Committee About the 2024 Budget Request of $2.436B (Congress Funded at $2.364 billion). Staffing Surpassing 7-Year Levels, 35K+ Tips in 2022 (Double from 2016).

Source: https://www.sec.gov/news/testimony/gensler-testimony-fsgg-subcommittee-senate-appropriations-committee-071923 Full-time equivalents (FTEs) at the SEC and in individual Divisions. Overall SEC FTEs include all Offices and Divisions. Budget Request * FY 2024 request of $2.436 billion for SEC operations. * The bulk of the increase would be to support currently authorized staffing

Federal Reserve Alert! Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live. What Is It, and What Does It Do?

Federal Reserve Alert! Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live. What Is It, and What Does It Do?

Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any

CFTC Open Meeting on July 26 to consider rules on: Reporting and Information Requirements for Derivatives Clearing Organizations (final)

CFTC Open Meeting on July 26 to consider rules on: Reporting and Information Requirements for Derivatives Clearing Organizations (final)

Source: https://www.cftc.gov/media/8981/federalregister071923/download https://www.cftc.gov/PressRoom/PressReleases/8756-23 Open meeting on Wednesday, July 26 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public are free to attend the meeting in person, listen by

"Big Short" Trader Danny Moses Reveals Short Position on GameStop Stock The famed trader called Ryan Cohen a "bad trader" and pointed out the reasons for his bearish thesis on GameStop.

Source: https://twitter.com/CNBCFastMoney/status/1681423000405692416 https://www.thestreet.com/memestocks/gme/big-short-trader-danny-moses-reveals-short-position-on-gamestop-stock TLDRS: * Danny Moses, recognized for his part in "The Big Short," disclosed that he holds put options on GameStop. * He expressed concerns about GameStop's financial health, emphasizing its declining cash reserves and