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Sliding Commercial and Industrial Loans and the Bank Term Funding Program: How the Fed's Two-Tiered System is Distorting Idiosyncratic Risk in the Market and Setting Us on a Risky Path Towards Moral Hazard.

Good evening Superstonk, I hope everyone is enjoying a wonderful Friday evening! Reminder, while banks have the liquidity fairy, 'we' get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk

Liabilities and Capital Liabilities: Earnings Remittances Due to the U.S. Treasury -76.292 billion as of 7/5/2023.

Let's talk about the Fed's cumulative losses, in fewer than 9 months, are GREATER (-76.292 billion, so far vs $76 billion) than what was remitted to the U.S. Treasury for ALL of 2022... https://fred.stlouisfed.org/series/RESPPLLOPNWW Remember, the Fed is playing

Liquidity Fairy Alert! 7/5/23 was the first week usage of the Bank Term Funding Program dipped ($101,959 billion vs $103,081 billion 6/28/23). Anyone else thinking this dip in usage is transitory?

Liquidity Fairy Alert! 7/5/23 was the first week usage of the Bank Term Funding Program dipped ($101,959 billion vs $103,081 billion 6/28/23). Anyone else thinking this dip in usage is transitory?

Good morning Superstonk, I hope everyone's Friday is off to a GREAT start! Borrowing from the Bank Term Funding Program finally decreased for the first time since the program started. Reminder, while banks have the liquidity fairy, 'we' get the promise of 2 more rate hikes

As the job market levels up, the Fed readies rate hikes. To fix one end of their mandate (price stability) from the inflation problem they created, the Fed will continue sacrificing employment (the other end of their mandate) to bolster price stability...

by continuing to raise interest rates. Source: https://adp-ri-nrip-static.adp.com/artifacts/us_ner/20230706/ADP_NATIONAL_EMPLOYMENT_REPORT_Press_Release_2023_06%20FINAL.pdf Wut mean? * 497,000 jobs popped up in June (Economists polled by the Wall Street Journal had forecast a gain of 240,000 private-sector jobs)

FICC - MBS, FICC - GOV Alert! SR-FICC-2023-009 Modify the GSD Rules, MBSD Rules, and EPN Rules. Talks about Fails to Deliver and Reverse Repo. This one looks important!

Source: https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2023/FICC/SR-FICC-2023-009.pdf This is 240 pages and going to take some reviewing but some interesting items at first glance: Overview: The proposed rule change of Fixed Income Clearing Corporation (“FICC”) is annexed hereto as Exhibit 5 and

BHP Capital's Alleged Shenanigans: Unregistered Dealing and Possible Short Selling Playground?

Operation allowed them to transform over 100 convertible notes into about four billion new common stock shares, earning them millions in profits and a perfect opportunity to naked short sell. https://www.sec.gov/litigation/admin/2023/34-97847.pdf From December 2017 through mid-2022 (“relevant period”), BHP Capital was a

SEC Alert! Special filing via Sunshine Act Meeting for an OPEN Meeting on Wednesday, July 12, 2023 at 10a.m. SEC will consider whether to seek comment on whether similar daily reserve computation requirements should apply to broker-dealers

Source: https://public-inspection.federalregister.gov/2023-14559.pdf MATTERS TO BE CONSIDERED: 1. The Commission will consider whether to adopt amendments to certain rules that govern money market funds and related form amendments. The Commission will also consider whether to adopt amendments to Form PF to revise reporting requirements for large