2024.05.19 17:54 friizl 14 team startup draft results, SF but only one qb 😵💫
best ball SF TEP, how am i looking? made a lot of trades during the draft but still only managed to land one qb (at appropriate value) submitted by friizl to SleeperApp [link] [comments] |
2024.05.19 08:00 EJC28 Chargers 2024 Draft Analysis Compilation
2024.05.17 20:31 LynnwoodTimes Road rage incident on I-5 leads to fatal altercation with WSP
https://preview.redd.it/q3l9kie7511d1.jpg?width=1200&format=pjpg&auto=webp&s=d135ad22f4724bef70021381aa723341f502d4a6 submitted by LynnwoodTimes to everett [link] [comments] Video of events leading to altercation here 👉 https://lynnwoodtimes.com/2024/05/17/wsp-altercation-240517/ 👈 A road rage incident led to a deadly altercation between Washington State Patrol (WSP) and a suspect Thursday on the shoulder of Interstate 5 by Everett. Washington State Patrol responded to a road rage incident shortly after 4 p.m. on I-5 near milepost 197. The suspect allegedly began ramming a Washington State Department of Transportation (WSDOT) contractor vehicle which was in the process of operating a lift over the slough with two contractors onboard. Traffic monitor footage shows the suspect chasing the WSDOT contractor around the vehicle with a hammer. The contractor attempts to flee the suspect by jumping over a barrier but the suspect grabs him to the ground and begins attacking him. The footage then shows the suspect walking back to his car and getting in while a WSDOT worker attempts to stop him but the suspect reverses and nearly hits the worker with his vehicle. The suspect then moves his vehicle forward almost hitting the WSDOT contractor, gets out of his vehicle and gets in the driver’s side of the WSDOT vehicle before getting out after a few seconds and running across the interstate. Shortly after WSP arrived on scene the suspect engaged in a physical altercation, the Snohomish County Sheriff’s Office said. During this altercation the WSP trooper withdrew and shot the suspect. He was pronounced dead at the scene despite life-saving efforts. One of the WSDOT contractors sustained non-life-threatening injuries. Northbound Interstate 5 was closed while Snohomish County Multiple Agency Response Team (SMART) investigated the incident but has since reopened after about eight hours. Positive identification of the decedent, as well as cause and manner of death will come from the Snohomish County Medical Examiner’s Office. |
2024.05.12 18:17 FearPodcast I enjoy being a zombie
2024.05.12 09:28 Chill_fuuu First time viewer season 1
2024.05.10 17:14 PaintedParadise Abandon ship or only a few trades away?
10 team SF. Have the 4th pick and in talks to acquire the 3rd pick as well. On the fence if I should blow it up or try and compete, kinda in limbo. submitted by PaintedParadise to SleeperApp [link] [comments] |
2024.05.07 18:14 hanny_9595 Kids who had a birthday party at my workplace in the last year
2024.05.06 15:33 Leather_Focus_6535 The 113 inmates executed by Virginia in the post Furman era and their crimes (warning, graphic content, please read at your own risk) [part 2, cases 59-113]
2024.05.05 00:07 Kapples14 A New Era: 1968 Presidential Election
Background: After defeating Democratic President Walter Reuther in 1968, New York governor Nelson Rockefeller would become the 40th U.S. President in a period of time straddled with the Civil Rights movement, Vietnam War, and many more complex issues that have weighed down Rockefeller's presidency. Now after defeating political activist William F. Buckley in the Republican Primaries, President Rockefeller and Vice President Hiram Fong must face off with Los Angeles mayor Sam Yorty and Maine senator Edmund Muskie in order to win another four years in D.C.. submitted by Kapples14 to Presidentialpoll [link] [comments] At the start of 1968, many had expected New York senator Robert F. Kennedy, the former U.S. Attorney General and brother of late President John F. Kennedy, to win the nomination in order to challenge President Rockefeller. Things would become far more tragic and complicated when RFK was assassinated on June 5th, 1968 at the Ambassador Hotel. In his place, Kennedy's campaign manager, former ambassador Channing E. Phillips, would run in his stead; thus, becoming the first African-American to be placed in nomination for the presidency by a major political party. By the time of the national convention, however, many would be shocked when Sam Yorty took the nomination by a wide margin against major candidates like Phillips, Edmund Muskie, and Henry Jackson. While many political pundits saw the election remaining in favor of Rockefeller due to Yorty's controversial nature and lack of a national presence, things would begin to complicate when Ohio congressman John M. Ashbrook managed to get ballot access in all fifty states as the nominee for the Constitution Party. While running as the right-wing alternative to Rockefeller, Ashbrook has managed to make it to several of the first presidential debates thanks to strong backings from various conservative groups and powerful donors. With Ashbrook's presence in polling remaining as prominent as it has been, many have worried that Ashbrook would serve as a spoiler against President Rockefeller by dividing the Republican vote. Nelson Aldrich Rockefeller: 40th President of the United States of America (1965-present), 49th Governor of New York (1959-1964), 1st Under Secretary of Health, Welfare, and Education (1949-1951). Hiram Leong Fong: Senator from Hawaii (1959-present), Speaker of the Hawaii House of Representatives (1946-1954). Nelson Rockefeller: Despite suffering from low approval ratings and numerous protests against his handling of the Vietnam War, President Rockefeller has remained adamant regarding his goals for reelection. The president has highlighted his successes in fighting for civil rights, conservation efforts, and government reform. While many conservatives have condemned the president for expanding the federal government far more than previous presidents, Rockefeller has argued towards how the new departments have helped aid businesses through road improvements and creating new housing projects for their employees. Rockefeller has insisted that the Vietnam War is drawing close to an end, and promised that before the decade ends, that the U.S. troops would return home from Vietnam. While Rockefeller has admitted that initial war plans had be severely altered due to the surprise attacks of the Tet Offensive, he was still confident that the U.S. and South Vietnam would prevail. In response to the rising violence of anti-war protests, Rockefeller has also sworn to increase funding for police and public universities in order to address the damages done by said riots. Endorsements: Frmr President Everett Dirksen (IL), Frmr Vice President Harold Stassen (MN), Vice President Hiram Fong (HI), Frmr House Speaker Charles Halleck (IN), House Minority Leader Gerald Ford (MI), House Minority Whip Richard H. Poff (VA), Senate Minority Leader Bourke B. Hickenlooper (IO), Senate Minority Whip Milton Young (CA), Senator Walter Mondale (D-MN), Senator Daniel Inouye (D-HI), Senator Margaret Chase Smith (ME), Governor Malcolm Wilson (NY), Governor George Romney (MI), Governor Ray Shafer (PA), Governor Ronald Reagan (CA), Governor Paul Laxalt (NV), Zsa Zsa Gabor (CA), Chuck Connors (CA) Pat Boone (TN) Wilt Chamberlain (PA) Frank Sinatra (NY), William F. Buckley (NY). Samuel William Yorty: 37th Mayor of Los Angeles (1961-present), Representative for CA-26 (1953-1955), Representative for CA-14 (1951-1953). Edmund Sixtus Muskie: Senator from Maine (1959-present), 64th Governor of Maine (1955-1959). Sam Yorty: Once considered a dark horse candidate in the 1968 Democratic Primaries, the populist mayor would develop a massive audience drawn in by his aggressive campaigning and brash persona, undeterred by the disapproval of more traditional progressives. After winning the nomination, Yorty has only begun to draw more attention and support during the presidential debates, many have begun to look at Yorty as a champion of the conservatives and independents disenfranchised by Rockefeller and the Democrats' left-wing liberalism. With a less favorable reputation among civil rights advocates, Yorty has stated that he would not seek to remove past civil rights legislation, but would be less than likely to support any new policies that infringed on states' rights. While campaigning, Yorty has prioritized staunch anti-communist policies be placed in America's immigration system and diplomatic practices, targeting the neighbors of communist countries as potential venues for communist sympathizers and spies to enter the nation as foreign agents. This staunch stance has also put Yorty in the same camp of hawks looking to end the war, but Yorty has since begun to change his stance on the war to prioritize removing U.S. troops from Vietnam in order to prioritize naval and financial support for South Vietnam. Yorty has also made several pledges to cut government spending that had been raised under Rockefeller, numerous tax cuts, and expanding housing. Endorsements: Frmr President Hubert Humphrey (MN), House Speaker Carl Albert (OK), House Majority Leader Hale Boggs (LA), House Majority Whip Dan Rostenkowski (IL), Senator Russell Long, Governor Kenneth M. Curtis (ME), Governor William Guy (ND), Governor Harold Hughes (IO), Governor Phillip H. Hoff (VT), Senator Ted Kennedy (MA), Senator Clinton B. Anderson (NM), Senator Joseph Tydings (MD), Senator Daniel Brewster (MD), Governor Dan Moore (NC), Frmr Governor George Wallace (AL), Frmr Governor Pat Brown (CA), Chicago Mayor Richard Dailey (IL), Seattle Mayor Wesley C. Uhlman (WA), State House Speaker Jesse M. Unruh (CA), William Loeb (NH). John Milan Ashbrook: Representative for OH-17 (1961-present). John Bowden Connally Jr.: 39th Governor of Texas (1963-present), 57th Secretary of the Navy (1961). John M. Ashbrook: The young congressman would announce his presidential bid, accusing President Rockefeller of abandoning the conservative movement in favor of left-wing policies such as government interference in business and states' rights. Running with the Constitution Party alongside John Connally, the Democratic governor of Texas, Ashbrook has ran on themes of small government and social conservatism. He would state that his goals as president would be to dismantle the new government departments created by Rockefeller, crack down on protestors, and increase the military effort in Vietnam. Ashbrook has also leaned towards leaving civil rights legislation in the hands of state governments, massive budget cuts targeting government welfare and social affairs, reinstating previous immigration restrictions removed by Rockefeller, and strict adherence to the U.S. Constitution that would center around vetoing any bills enacting further government expansion. Endorsements: Senator Thruston B. Morton (KY), Senator John Tower (TX), Senator Strom Thurmond (SC), Governor Lester Maddox (GA), William A. Rusher (NY), F. Clinton White (NY). View Poll |
2024.05.02 03:46 Jonesjonesboy 100 Great Comics
2024.04.30 23:17 WhiskeyRanting RDA Recap - April 29, 2024
I think this is the right one but I didn’t have time to check.Gerald V. Casale – “I’m Gonna Pay U Back”
That's a new channel for the Tech Q&A stuff. GO AND SUBSCRIBE TO IT. I mean it. Go. Now! Get Nash up to 1,000 subs on the second channel!STORY 1: Cicadas have become so noisy in part of South Carolina that people are calling the police
2024.04.30 21:50 bluewords If the Bears top weapons all have average NFL seasons for them, we will finally have our first 4,000+ passing season.
2024.04.30 02:22 Kapples14 A New Era: 1968 Republican Primary
Background: Due to the tensions around the Vietnam War and rising political division within the country, President Rockefeller has been stuck feuding with the Republican Party's conservative wing, but no major candidate had come to officially challenge the president outright. While some had had sought to recruit California's newly elected governor Ronald Reagan, he would decline the bid in favor of serving his full term as the state's governor. In late February of 1967, lawyer and talk show host William F. Buckley would announce his decision to run for the presidency during a televised event. submitted by Kapples14 to Presidentialpoll [link] [comments] While running in an attempt to rally the conservative wing, Buckley would primarily focus his campaign on pushing Rockefeller's administration to better reflect the values of the whole party. With his various criticisms of the president beginning to hold more weight due to Rockefeller's own unpopularity, the campaign is still considered a longshot bid that would only come to aid the Democrats in weakening the president's reelection bid. In order to rehabilitate his image, the president would announce his decision to hold debates with Buckley, arguing that such debates would help to better showcase his presidential abilities and prowess. During these debates, Rockefeller slowly began to win back support from the general public, but Buckley's new national presence only saw further growth as he began to grow more vocal support from the Republicans' conservative factions. Nelson Aldrich Rockefeller: 40th President of the United States of America (1965-present), 49th Governor of New York (1959-1964), 1st Under Secretary of Health, Welfare, and Education (1949-1951). Nelson Rockefeller: After narrowly defeating President Reuther in 1964, President Rockefeller has faced a difficult path within his presidency as he has had to navigate the escalation of the Vietnam War, the bloody and violent conflicts brought about by the Civil Rights movement, and rising cultural and societal issues that have surfaced out from America's underbelly. When asked about the difficulties that his administration has faced, the president would state that he has been well aware of the stress and anger the American people are feeling, and swore to always stand with the good American people in such trying times. While failing to end the Vietnam War started by his predecessor, Rockefeller has sworn to do everything in his power to bring America's troops home and return to solely using military and technological aid to support South Vietnam, as well as creating new assistance programs to aid the American soldiers. Rockefeller has also begun to begin experimenting with new healthcare programs in order to provide financial support to the poor, disabled, and elderly unable to afford the rising costs of private healthcare. While campaigning, the president has also touted his successes in conservation, civil rights, workers' rights, and government reform. Endorsements: Frmr President Everett Dirksen (IL), Frmr Vice President Harold Stassen (MN), Vice President Hiram Fong (HI), Frmr House Speaker Charles Halleck (IN), House Minority Leader Gerald Ford (MI), House Minority Whip Richard H. Poff (VA), Senate Minority Leader Bourke B. Hickenlooper (IO), Senate Minority Whip Milton Young (CA), Senator Margaret Chase Smith (ME), Governor Malcolm Wilson (NY), Governor George Romney (MI), Governor Ray Shafer (PA). William Frank Buckley Jr. William F. Buckley: As one of the leading figures of the modern conservative movement, Buckley has gone from a major campaigner for Rockefeller's presidential campaign and into one of his more prominent critics. When asked about his decision to run for the Republican nomination, he would site his belief that the Republican Party had been lead by liberals and moderates for far too long, and have allowed for the GOP to become soft and ineffective. Despite having never held public office, nor having ran a political campaign himself, Buckley would announce his decision to run in order to give the conservative wing a much-needed voice. Buckley has centered his campaign on labor reform by cracking down on unfair union practices, increasing military support for Vietnam, and placing stricter immigration regulation towards those who come from countries neighboring communist-led governments. If elected, Buckley has promised to utilize the country's intelligence and economic influence to help choke out communist countries that refuse to support democratic institutions. While having originally been a firm supporter of segregation, Buckley has softened his positions in lieu of support for more progressive policies to help promote the cause. Endorsements: Senator Barry Goldwater (AZ), Senator Strom Thurmond (SC), Represenative H.R. Gross (IO), Governor Ronald Reagan (CA), Governor Louie Nunn (KY), Governor Paul Laxalt (NY), Robert Stack (CA). View Poll |
2024.04.29 08:22 robothawk [EVENT] A NEW PEARL HARBOR! CANADIANS ATTACK WASHINGTON! MOBILIZATION OF THE PARTISANS REPELS ASSAULT AT BELLINGHAM!
Canadians Fund Haida Assault on Bellingham, Canadian Naval Shelling Kills Dozens!Headlines across Cascadia brought out the news, that a horrific assault, unprompted and indiscriminate, had killed many in the towns of old Bellingham. Reports at first of landings of thousands of Canadian marines, followed by the radio call that everyone prepared for,
Red Dawn! Red Dawn!Every radio squaked to life as a broad-brand message went out,
Canadian Marines are making landfall near Bellingham, Partisan Brigades 43 through 47 muster! To Arms! For the People of Cascadia!For hours the radios would play patriotic anthems and material while calling forth the Partisans, and giving updates of the battle. At first the reports were few and far between as the Canadians marched inland and the Partisans mustered for their counterattack, then the Canadians assaulted Bellingham, and cruisers in the harbor blew apart houses in a futile attempt to dig out the Partisan defenders.
Canadians Halted at Bellingham! Fighting intensifies around the town center, partisans are driving back the invaders to the East and West, Glory to the Partisans!As the Canadian assault turned into a rout, reports came from hobby-radio operators calling out troop movements,
A whole company of Canadians just fled past the old Donaldson House just North of VictorPartisans would then follow down the reports in trucks and cars, chasing down and firing on the fleeing Canadian marines. During the rout, over 100 were captured, upon which they were immediately driven to the train station in New Everett and taken to Federal Detention in the capital of Napavine.
2024.04.28 05:03 Ninja_Vanish85 "Lucky" Chase Find!?
I used to be stationed in Everett Washington and I miss going to the Funko home store every couple of weeks to seek out the latest and greatest and try my "luck" at finding a Chase or two. submitted by Ninja_Vanish85 to funkosoda [link] [comments] When it came to Soda Pops I only ever sought out the villians cause ya know, Sodas bad for you and just like those evil doers, if ya ain't cheat'n, you ain't try'n! Here in Virginia though, at a local Wal-Mart, I just happened to have my pocket digital scale with me and after weighing about 18 Zombie Iron Man Sodas I have something to add to my collection. |
2024.04.24 19:02 DisastrousPace1157 Season 2 KBL MVP Voting
Hello, I did this once before and got good results, so trying it again. I am doing MVP voting for my SMB3 league before switching it over to SMB4. I posted the statistics on this post as well as it might be hard to zoom in on the form. submitted by DisastrousPace1157 to SuperMegaBaseball [link] [comments] Feel free to vote, all votes are very much appreciated!! Link to the Form- https://docs.google.com/forms/d/e/1FAIpQLSf7d8w8fvipojIcU3-kfs0VS-_6_CNv3DgB6lM3mfKcrdvphg/viewform?usp=sf_link https://preview.redd.it/gopoy9qzkgwc1.png?width=1622&format=png&auto=webp&s=f7850418b5387e5f371d7eb2b90a73734249164c |
2024.04.19 02:44 Impossible-Basis-916 Manifesting warmer days and couple friends (MF)
2024.04.19 01:52 nowhereman136 All Guild Awards Nominees and Winners 2024
2024.04.18 23:04 Kapples14 A New Era: 1964 Presidential Election
Background: After the assassination of President John F. Kennedy, Vice President Walter Reuther would be inaugurated as the 39th U.S. President in order to serve out the remainder of Kennedy's term. He, accompanied by the recently-appointed Vice President LeRoy Collins, now seek a full term in their reelection bid. While Reuther has boasted several key achievements in civil rights, many have questioned Reuther's capabilities to lead the U.S. in the midst of military conflict with Vietnam, the rising costs of the Space Race, rising steel prices, and . Due to the Vietnam War, President Reuther would lose the endorsement of civil rights leader Dr. Martin Luther King Jr., who had been an adamant critic of the war. Meanwhile, Rockefeller has faced backlash from conservative Republicans for not selecting a more conservative candidate to balance the ticket and focusing more on the interests of the political establishment. submitted by Kapples14 to Presidentialpoll [link] [comments] The 1964 Presidential Election is the first election where the incumbent president succeeded their deceased predecessor since 1952, when Vice President Everett Dirksen succeeded Fiorello la Guardia before losing to Hubert Humphrey in the general election. This is also the first post-assassination election since 1904 when President William McKinley was killed. In a historic moment, Senator Hiram Fong of Hawaii, a son of Cantonese immigrants, would become the first person of Chinese decent to be nominated on the presidential ticket by a major political party. Fong is also the second nonwhite candidate to be nominated for the vice presidency since Senate Majority Leader Charles Curtis was nominated as the vice presidential nominee by the Republicans in 1924. Many have also eyed the rising competitive nature of the Southern and Northeastern U.S., with Republicans beginning to gain political powers in the region unseen since Reconstruction. While states like Georgia, Texas, and Louisiana remain devoted to the Democratic Party, this has not eased concerns of party leaders as previous Democratic candidates have been polling worse with the rural population over time. Meanwhile, the Republicans have seen a slow decline in strength with states like New York and Maryland, leaving some to fear that they will have begin relying more heavily on competitive states in both the safely-Democrat South and politically-mixed Midwest. Whomever wins the race will likely be the first to define the future of America's newest political era. Walter Philip Reuther: 39th President of the United States (1963-present), 38th Vice President of the United States (1961-1963), 4th President of the United Automobile Workers (1946-1961). Thomas LeRoy Collins: 39th Vice President of the United States of America (1963-present), 33rd Governor of Florida (1955-1961). Walter Reuther: Upon ascending to the presidency after Kennedy's death, Reuther has sought to build himself up as a strong leader to a fractured America. While Reuther has passed numerous historic pieces of legislation that have advanced the civil rights movement, many have questioned how the government will be able to close the racial gaps in America's institutions. During his campaign, Reuther has supported expanding the federal government in order to better compensate in its ability to aid the disenfranchised. Several critics have pushed against Reuther's decision to allow for military strikes in Vietnam, calling his decision reckless and hasty. While most Americans have supported the need to retaliate against the Asian nation after several ships were destroyed, Reuther has faced criticism for his handling of the conflict due to the increasing brutality of the war. While Reuther has had struggled to rehabilitate his image as a wartime leader, he has made his intentions clear in desiring a swift end to the combat before things worsen. During the campaign, Reuther has begun to experiment with new talking points including environmentalist efforts, creating a domestic form of the Peace Corps, and better enforcing integration in education. Endorsements: Frmr President Hubert Humphrey (MN), Frmr Attorney General Robert F. Kennedy (NY), Frmr House Speaker John Nance Garner, Senate Minority Leader Mike Mansfield (MT), Senate Minority Whip Russell B. Long (LA), Senator Ted Kennedy (MA), Senator Henry M. Jackson (WA), Senator Edmund Muskie (ME), Senator Eugene McCarthy (MN), Senator Birch Bayh (IN), House Minority Leader Carl Albert (OK), House Minority Whip Hale Boggs (LA), Governor Pat Brown (CA), Governor J. Millard Tawes (MD), Governor John A. Burns (HI), Governor Harold Hughes (IO), New York City Mayor Robert Wagner (NY), Frank Sinatra (NY), Harry Belafonte (NY), Henry Fonda (CA), Sidney Poitier (NY). Nelson Aldrich Rockefeller: 49th Governor of New York (1959-present), Under Secretary of Health, Welfare, and Education (1949-1951). Hiram Leong Fong: Senator from Hawaii (1959-present), Speaker of the Hawaii House of Representatives (1946-1954). Nelson Rockefeller: After landing a decisive victory in the Republican primaries, Rockefeller has been able to run an effective and well-funded campaign focused on criticizing Reuther's attacks on Vietnam, arguing that the president has escalated conflict despite in order to expand the president's war time powers to an unnecessary degree. If elected, Rockefeller has promised to prioritize ending the war by diplomatic means in order to avoid any unnecessary bloodshed from either innocent civilians or U.S. forces. While campaigning, Rockefeller has prioritized supporting new projects for public housing, even promoting the concept of a Housing Department in order to help combat the nation's growing homelessness and poverty epidemic. On the matter of civil rights, a key issue in the election, Rockefeller has been an adamant supporter towards the matter and has touted his own successes in the prohibition of many discriminatory practices in housing and the workforce. The governor has also highlighted the 50% increase of black and Hispanic workers in New York able to access union resources, as well as the promotion of numerous women to government positions within his administration. Endorsements: Frmr President Everett Dirksen (IL), Frmr Vice President Earl Warren (CA), Frmr Vice President Harold Stassen (MN), House Speaker Leslie C. Arrends (IL), House Majority Leader John W. Byrnes (WI), House Majority Whip Bob Wilson (CA), Senate Majority Leader Milton Young (ND), Senate Majority Whip Thomas Kuchel (CA), Senator Kenneth Keating (NY), Senator Jacob Javitz (NY), Senator Margaret Chase Smith (ME), Senator Clifford Case (NJ), Governor George Romney (MI), Governor William Scranton (PA), Governor Henry Cabot Lodge Jr. (MA), SAG President Walter Pidgeon (CA), Rock Hudson (CA), John Wayne (TX), Roy Acuff (TN), Dr. Martin Luther King Jr. (GA). View Poll |
2024.04.18 17:16 welp007 Today’s Financial System is “Dangerously Unstable”. The only lasting and meaningful way to reform the Wall Street megabanks is to restore the Glass-Steagall Act via Congressional legislation and permanently separate federally-insured banks from the trading casinos on Wall Street.
By Pam Martens and Russ Martens: April 18, 2024 ~ submitted by welp007 to Superstonk [link] [comments] George Washington University Law Professor, Arthur Wilmarth, has done it again. After authoring the seminal book on the insidious evolution and enormous dangers still posed by the Wall Street megabanks (Taming the Megabanks: Why We Need a New Glass-Steagall Act) Wilmarth is now out with a new, gripping paper. In the paper’s abstract, Wilmarth explains how the risks posed by the Wall Street megabanks in 2008 have become exponentially more dangerous today. He writes: “The dangers created by universal banks (including their ‘internal’ shadow banking affiliates) and ‘external’ shadow banks have intensified since 2009. A toxic symbiosis has developed between the syndication and underwriting of risky loans and debt securities by universal banks and the origination of speculative private credit by ‘external’ shadow banks. That noxious partnership has helped to generate unprecedented levels of risky consumer and corporate debts. “Universal banks and shadow banks have created dangerously unstable financial markets that depend on frequent bailouts from central banks and other government agencies. Four serious financial disruptions since the GFC [Global Financial Crisis] have triggered significant government interventions and bailouts—the repo crisis of 2019, the pandemic financial crisis of 2020–21, the failures of three U.S. regional banks in 2023, and the collapse of Credit Suisse. Those episodes demonstrate that universal banks and shadow banks pose massive and unacceptable threats to our financial system, economy, and society.” Wilmarth’s paper expands on the groundbreaking work of Patrick Corrigan, Associate Professor of Law at the University of Notre Dame Law School, who last August did a deep dive into the shadow banks that exist off-balance sheet in the form of Variable Interest Entities (VIEs) at the largest Wall Street megabanks (a/k/a universal banks). Corrigan documents the key role these shadow banks/VIEs played in the financial crisis of 2007-2010. Wilmarth explains the breakthroughs in Corrigan’s research as follows: “…Professor Corrigan shows that universal banks used off-balance-sheet VIEs [Variable Interest Entities] to evade rules governing bank capital, bank affiliates, and investment companies. The Basel Capital Accords and implementing rules adopted by U.S. regulators ‘allowed banks to reduce their capital requirements either by moving their loans (through securitization) to off-balance sheet conduits or by obtaining financial guarantees from AAA- or AA-rated companies’— such as AIG, Ambac, and MBIA. The most extreme example of such arbitrage occurred when federal regulators allowed universal banks to reduce their risk-based capital requirements by 90% if they transferred RMBS [Residential Mortgage-Backed Securities] or CDOs [Collateralized Debt Obligations] to off-balance-sheet conduits that were backed by short-term guarantees (liquidity puts) from banks. “Professor Corrigan makes a new and important contribution to the securitization literature by showing that the Federal Reserve Board (Fed) and the Securities and Exchange Commission (SEC) exempted off-balance-sheet securitization conduits from regulation either as affiliates of the sponsoring banks or as investment companies. An informal exemption granted by the Fed and a 1992 rule issued by the SEC allowed bank sponsored VIEs to escape a host of regulations governing bank affiliates and investment companies—including capital rules, restrictions on affiliate transactions and investments, prudential supervisory standards, and special receivership proceedings. By allowing securitization VIEs ‘to avoid virtually all of the rules that apply to bank affiliates and investment companies,’ the Fed and the SEC ‘exacerbated distress as the 2007–2009 financial crisis unfolded.’ ” The poster child for off-balance sheet hubris before, during and after the 2008 financial crisis was the megabank, Citigroup. The official report from the Financial Crisis Inquiry Commission provides these shocking details: “…More than other banks, Citigroup held assets off of its balance sheet, in part to hold down capital requirements. In 2007, even after bringing $80 billion worth of assets on balance sheet, substantial assets remained off. If those had been included, leverage in 2007 would have been 48:1, or about 53% higher….” For our as-it-happened reporting on the collapse of Citigroup in 2008, see The Rise and Fall of Citigroup. By March of 2009, Citigroup was a 99-cent stock. What is lurking in the form of off-balance sheet VIEs today at some of the megabanks on Wall Street is just as opaque and dangerous (if not more so) than it was in 2008. JPMorgan Chase’s 10-K (Annual Report) filed with the Securities and Exchange Commission (page 202) shows it has $1.498 trillion in off-balance sheet exposures as of year-end 2023. This is the same bank whose Chairman and CEO, Jamie Dimon, is bullying his regulators to drop their demand that his bank hold 25 percent more capital. Where Corrigan and Wilmarth part paths in their latest papers is how to reform these off-balance sheet risks to the U.S. financial system. Corrigan proposes rule changes while Wilmarth sticks to his book’s well-documented case that the only lasting and meaningful way to reform the Wall Street megabanks is to restore the Glass-Steagall Act via Congressional legislation and permanently separate federally-insured banks from the trading casinos on Wall Street. Given the corrupt revolving door between Wall Street and its regulators, and Wall Street’s long-held attitude that “it’s legal if you can get away with it,” clearly Wilmarth has the only workable reform idea. |
2024.04.18 12:00 milb_bot 04/17/2024 Daily Minor League Hitter Standouts
2024.04.12 09:49 BruteSentiment Daily Minors Quick-Notes 4/11/24 - Late Comeback Wins!
Richmond picked up their first home win in a tightly-pitched walkoff win, while Sacramento overcame a horrible start by Carson Whisenhunt to score the winning run in the 8th inning. It’s a system sweep on the day! submitted by BruteSentiment to SFGiants [link] [comments] AAA: Sacramento 10, El Paso 9Linkhttps://preview.redd.it/yrc29rp570uc1.png?width=2442&format=png&auto=webp&s=ec6a642926ecfa8e2a87ee53a68f03cb7e810566 Player of the Game: DH David Villar: 2-3, 1 R, 3 RBI, 2 2B (5), 1 BB David Villar had two of the team’s three extra-base hits, and knocking in three of the team’s runs. Villar is batting just .205 after 11 games, but six of his nine hits have been for extra bases. Other Players to Spotlight:
AA: Richmond 2, Akron 1Linkhttps://preview.redd.it/fqdku89670uc1.png?width=2442&format=png&auto=webp&s=d425ad1531d629503ec8ff8c771eca2cd2f2441c Player of the Game: Carson Ragsdale: 4.0 IP, 3 H, 1 R, 1 ER, 3 BB, 5 K Ragsdale announced his presence in his first home start by striking out the first three batters he faced, and his only run allowed came more from a couple of bad reads in left field. Excellent start, even with a few walks. Other Players to Spotlight:
High-A: Eugene 7, Everett 4Linkhttps://preview.redd.it/cpixhjr670uc1.png?width=2442&format=png&auto=webp&s=d64d0c5b8305920422d966e7b0a32dd71495f7ec Player of the Game: C Onil Perez: 2-3, 2 R, 2 2B (2), 1 BB, 1 SB (2), 1 HBP Onil Perez is off to a great start on his season, hitting .412 after four games, with three doubles, and two walks to just one strikeout. The catcher even has two steals. Other Players to Spotlight:
Low-A: San Jose 3, Visalia 0Linkhttps://preview.redd.it/50tvazh770uc1.png?width=2442&format=png&auto=webp&s=6fd470fc0e7e2ae7afcbf293e84116e78bab30ea Player of the Game: SP Josh Bostick: 4.0 IP, 1 H, 0 R, 2 BB, 4 K Excellent second pro start for the 22-year old Bostick. He had allowed 3 runs in 4.0 innings in his last game. Other Players to Spotlight:
https://www.instagram.com/reel/C5pIpeAR5fZ/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA== I'll have some photos for you probably on Saturday from this week...it's been some wild games in Richmond! |