Six federal regulatory agencies today requested PUBLIC COMMENT on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs).

by Dismal-Jellyfish https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230601a1.pdf Under the proposed rule, the agencies would require institutions that engage in covered transactions to adopt policies, practices, procedures, and control systems to ensure that AVMs adhere to quality control standards designed to ensure the credibility and …

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Unwinding this will be a disaster…

The Fed sponsored a $multi-trillion carry trade. Tech is 90% correlated to the $USDJPY – most since March 2020. Unwinding this will be a disaster. Said the ECB. Today:https://t.co/PGl3PLGtCp pic.twitter.com/FqGtNPykwx — Mac10 (@SuburbanDrone) June 1, 2023 The Nasdaq 100 Index …

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Student Loan Forgiveness CANCELED

by Chris Black They do this trick over and over, the democrats get power and pretend they can’t fulfil any promises because of those damn republicans, then they switch and republicans have power an… Continue reading by subscribing.

CCLF reset effective July 1, 2023. “All members are reminded that CCLF requirement provided by MBSD will be incorporated into such Member’s liquidity planning.”

by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/6/1/MBS1227-23.pdf This follows up on changes to the reset date and Look-Back Period: What is the Capped Contingency Liquidity Facility (“CCLF®”)? On April 25, 2017, the Commission approved FICC’s adoption of the Clearing Agency Liquidity Risk Management Framework …

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Barclays offered and sold $17.7 billion in securities, SEC requests an extension.

by Dismal-Jellyfish https://www.sec.gov/litigation/admin/2023/34-97632.pdf Source: https://www.sec.gov/litigation/admin/2023/34-97632.pdf In the Order, the Commission found that BBPLC failed to put into place any internal control around the real-time tracking of securities being offered or sold off of its Commission-registered shelf registration statements. As a result of …

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Biden falls spectacularly on stage… Trump reacts…

https://twitter.com/disclosetv/status/1664346003808329738?ref_src=twsrc%5Etfw Trump Reacts to Biden’s Fall at Air Force Academy Graduation Ceremony (VIDEO) “Well, I hope he wasn’t hurt. The whole thing is crazy. You gotta be careful about that…even if you gotta tip-toe down a ramp,” Trump said poking …

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WHO – former Director states 70% of donations have strings attached, linked to the preferences of the donor!

https://twitter.com/BernieSpofforth/status/1663795870142169089?ref_src=twsrc%5Etfw By the Numbers: Bill and Melinda Gates rank as WHO organization’s 2nd biggest donor The U.S. funds more than 20% of the WHO’s budget and was the organization’s largest donor before President Trump announced he would be halting any …

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The Pentagon buys Starlink for Ukraine

SpaceX’s Starlink wins Pentagon contract for satellite services to Ukraine The U.S. Department of Defense granted a contract to Starlink, the satellite communications service started by Tesla (TSLA) CEO Elon Musk, to provide services in Ukraine. “We continue to work …

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