Remote-work trend creates mortgage-backed securities default risk, Moody’s warns

by

https://financialpost.com/real-estate/property-post/work-from-home-mortgage-securities-default-risk-moodys ”The popularity of working from home in the U.S. is cutting into office tower revenue to the point that it is putting some commercial mortgage-backed securities at risk of default, according to a new report from the credit rating agency Moody’s.” ”Lenders’ anticipation of lower office revenue is creating refinancing difficulty for office loans … Read more

YouShouldKnow: If your company offers an HSA plan (US) and it runs out of funds before hitting your deductible, it is beneficial for you to deposit more money into the fund for eligible expenses before paying for them by other means.

by

by Revenge_of_the_Khaki Why YSK: Many people like to just use up their employer matched funds or budgeted deposits in their HSA accounts and then switch to a normal credit card when the funds run out, however putting more money into the account and paying all eligible medical expenses through the HSA allows you to claim … Read more

3 children, unable to breathe, die in separate incidents in Phoenix within 1 hour

by

‘Three children died within an hour of each other in Phoenix on Sunday because they couldn’t breathe, according to the Phoenix Police Department. Detectives with Phoenix police went to the locations to investigate what led to the deaths. According to Melissa Soliz, Phoenix police spokesperson, the three investigations do not involve “elements that are suspicious … Read more

Cargo theft EXPLODES in leftist cities!

by

Cargo theft continues to climb, with freight criminals targeting more cities across the U.S. and making more use of cyber scams and identity theft. Food and beverage products are the top targets for freight theft in 2023, with an average loss of $214,000. Los Angeles is the top national target, but the threat is spreading … Read more

US Authorities Weigh Expansion of Emergency Lending Facility Amid Banking Crisis

by

US authorities are now weighing an expansion of an emergency lending facility which could help boost First Republic bank after its stock plunged more than 90% this month amid the banking crisis. Earlier this month customers lined up at a First Republic to withdraw their cash after Silicon Valley Bank collapsed. Bloomberg reported: US authorities … Read more

Dec. 19, 2018 – Trump orders the Troops out of Syria – Mar. 24, 2023 they are still there.

by

https://www.wsj.com/articles/u-s-military-preparing-for-a-full-withdrawal-of-its-forces-from-northeastern-syria-11545225641 Since all troops were ordered out of Syria by the true president in 2018. Any Troops still there are not ours. The only other option is that they are simply traitors. Any questions?   regardless. Funds from the US taxpayers are paying the murder mercenaries. It IS a deep state war, and anyone serving … Read more

You will be hearing about ‘Credit Default Swaps’ (“CDSs”) a lot in the coming days. Let me explain it simply:

by

by TonyLiberty 1) A credit default swap is an insurance contract that protects you in case a company you lend money to defaults. 2) CDSs can be used by investors to speculate on the creditworthiness of companies. For example, an investor who thinks that a company is likely to default on its debt could buy a CDS to … Read more

Biden Just Politicized 401(k)s

by

Image (CC0 1.0) public domain via U.S. government By Phillip Patrick for Birch Gold Group On Monday, March 20th, President Biden used his power to veto legislation for the first time since his inauguration to counter House of Representatives Joint Resolution 30 (H.J. Res. 30). As a procedural matter, this isn’t huge news – each of the … Read more

Federal Reserve Alert! Federal Reserve Board releases annual audited financial statement: In 2022 the Fed paid $42 billion in interest to counterparties of reverse repos.

by

by Dismal-Jellyfish Today the Fed released it’s audited financial statement for 2022: https://www.federalreserve.gov/newsevents/pressreleases/other20230324a.htm KPMG It’s worth noting that the Fed’s audit firm, KPMG, has been involved in numerous scandals, including the use of stolen regulatory information to cheat on audit inspections, and has also experienced major audit failures, such as that of UK outsourcing giant Carillion, … Read more

NY Democrats Propose 4% Tax On Netflix, Uber To Fund MTA

by

Netflix could get a whole new premium. Albany lawmakers in the Assembly have floated potentially hitting streaming services like Netflix, Hulu and HBO Max with the state’s sales tax as one way to fund the cash-strapped Metropolitan Transportation Authority. The plan would hit streamers with the 4% surcharge, potentially netting $100 million annually for the … Read more

Bank Run? What Bank Run? …

by

Federal Reserve data showed that bank customers collectively pulled $98.4 billion from accounts for the week ended March 15, as Silicon Valley Bank and Signature Bank failed. Officials at the Financial Stability Oversight Council, meeting in a closed session Friday, insisted the system “remains sound and resilient.” https://www.cnbc.com/2023/03/24/100-billion-pulled-from-banks-but-system-called-sound-and-resilient.html   h/t  BoatSurfer600