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๐Ÿ“š Due Diligence

Banks are in PAIN! About half of U.S. banks (2,315) with $11T of assets have a lower value of their assets compared to the face value of their debt liabilities. The market value of their assets is about $2.2T lower than the book-value accounting.

Banks are in PAIN! About half of U.S. banks (2,315) with $11T of assets have a lower value of their assets compared to the face value of their debt liabilities. The market value of their assets is about $2.2T lower than the book-value accounting.

If half of uninsured depositors decide to withdraw, the losses due to CRE distress would result in up to 58 smaller regional banks becoming insolvent in addition to 186 banks that would become insolvent just due to higher rates. Wut Mean?: The U.S. banking systemโ€™s market value of
dismal-jellyfish ๐Ÿ“š Due Diligence
The Fed's decision to raise Fed Funds Rate by 25 basis points will not result in a change in TMPG Fail Charge. Settlement Obligation fails (FTDs in Treasury & Government bonds) & will continue to be charged at the TMPG fail charge floor rate.

The Fed's decision to raise Fed Funds Rate by 25 basis points will not result in a change in TMPG Fail Charge. Settlement Obligation fails (FTDs in Treasury & Government bonds) & will continue to be charged at the TMPG fail charge floor rate.

https://www.dtcc.com/-/media/Files/pdf/2023/7/26/MBS1251-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/26/GOV1517-23.pdf https://twitter.com/susannetrimbath/status/1521955876386394113 Dr. T dropping knowledge. They charge 3% MINUS fed funds target rate (minimum 1%) Treasury Market Practices Group
dismal-jellyfish ๐Ÿ“š Due Diligence
M1 Money Stock Alert! Seasonally Adjusted in June, Demand Deposits down -0.3% (-$60 billion). M1 continues continues to plummet--down -10.2% year-over-year!

M1 Money Stock Alert! Seasonally Adjusted in June, Demand Deposits down -0.3% (-$60 billion). M1 continues continues to plummet--down -10.2% year-over-year!

With the FDIC announcement banks aren't reporting their uninsured deposits correctly, more fuel for the bank run? https://fred.stlouisfed.org/series/M1SL https://www.federalreserve.gov/releases/h6/current/default.htm 1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the
dismal-jellyfish ๐Ÿ“š Due Diligence

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
dismal-jellyfish ๐Ÿ“š Due Diligence

FINRA 'Discipline' Alert! Between December 2018 and April 2021, RBC filed short interest reports that overpriced the number of shares associated with 3,513 short interest positions by approximately 697 million shares.

Penalty? Without admitting or denying anything, a censure and $250,000 fine. https://www.finra.org/sites/default/files/fda_documents/2021071191801%20RBC%20Capital%20Markets%2C%20LLC%20CRD%2031194%20AWC%20vr.pdf Good Tuesday evening Superstonk, neighborhood jellyfish back with you on some 'discipline' JUST handed down TODAY
dismal-jellyfish ๐Ÿ“š Due Diligence

FINRA 'Discipline' Alert! Nomura's Misclassification of Reverse Repos Leads to Overstatement of Net Capital by Up to $1.95 Billion. 21 Inaccurate FOCUS Reports Filed. Penalty? Without admitting or denying anything, a censure and $125,000 fine.

Nomura was defaulting January 2021 b/c of GameStop Source: https://www.finra.org/sites/default/files/fda_documents/2021071932301%20Nomura%20Securities%20International%2C%20Inc.%20CRD%204297%20AWC%20lp%20%282023-1676247599239%29.pdf Good evening Superstonk, neighborhood jellyfish back with you one more time before I hit my post limit
dismal-jellyfish ๐Ÿ“š Due Diligence