Dismal's Smacks

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SEC Chair Gary Gensler in speech: "Hearing from you, the investing public, truly helps us. You better believe we’re hearing from the large broker-dealers and the large trade associations. It’s good also to hear directly from investors."

https://www.sec.gov/news/speech/gensler-remarks-roundtable-072523 Highlights: * "We have a three-part mission, focused ultimately on making sure that the markets—broker-dealers, the investment advisers, so-called intermediaries in the middle of the market—they serve investors like you and issuers raising money in the markets. It’s not the

SEC Names Natasha Vij Greiner and Keith E. Cassidy Interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave.

Source: https://www.sec.gov/news/press-release/2023-137 The Securities and Exchange Commission today announced that Natasha Vij Greiner and Keith E. Cassidy have been named interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave from the agency. “My

Notice of Filing of Proposed Rule Change to Amend and Restate the Cross-Margining Agreement between FICC and CME. Exhibit 3 (Updated Agreement) [REDACTED].

https://www.sec.gov/rules/sro/ficc/2023/34-97969.pdf * On July 17, 2023, the Fixed Income Clearing Corporation (FICC) proposed a rule change (SR-FICC2023-010) to the Securities and Exchange Commission (SEC). * This proposal involves an Amended and Restated Cross-Margining Agreement between FICC and the Chicago Mercantile Exchange Inc. (CME)

Federal Reserve announces consent order & $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse. The misconduct involved Credit Suisse's unsafe & unsound counterparty credit risk management practices with Archegos.

Federal Reserve announces consent order & $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse. The misconduct involved Credit Suisse's unsafe & unsound counterparty credit risk management practices with Archegos.

https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse'

$78 billion withdrawn from commercial banks last week (7/5-7/12). $869 billion in deposits has been pulled since the all time hit 4/13/22.

Hello Superstonk, I hope everyone's week is off to a great start! I would like to review a few items this morning: 1. Commercial deposit withdrawals 2. Bank Term Funding Program (BTFP) making up for gaps 3. Todays notice from FDIC banks aren't correctly reporting the

Inflation Alert! It looks like the Fed's favorite tool to control inflation (interest rate hikes) is breaking from all the times the Fed's thumb has been put on the scale.

Good evening Suprestonk! I would like to review some data with you to show that interest rate hikes are not working. What we are going to review: 1. Initial Jobless Claims 2. Retail Sales are still going up and Consumers are still spending 3. Corporate Interest Payments Before we dive

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