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Posts posted by Swizzle
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12 hours ago, gearhog said:
The FDIC just published this document regarding its preparations for the failure of a Global Systemically Important Banking (GSIB) organization headquartered in the U.S. with complex global operations.
https://www.fdic.gov/sites/default/files/2024-04/spapr1024b_0.pdf
It basically outlines how the Sec of the Treasury, Federal Reserve, and President will transfer all the assets to a Bridge Financial Company. I thought it interesting that they mention they plan to put the company into FDIC receivership on a Friday evening so as to be able to mobilize the plan and prevent a contagion by Monday morning.
"The appointment as receiver late Friday afternoon would provide time, while most global financial markets are closed, to form a Bridge Financial Company, mobilize resources needed to conduct business beginning on Monday morning, and communicate with key constituencies (including employees, counterparties, and claimants) around the globe. The FDIC recognizes that a Friday night appointment may not be possible in all instances, and the timing will be highly dependent on the nature of the failing institution, how it fails, and market conditions at the time."
The plan says it ensures that only claimants (shareholders and creditors) would incur losses and that US taxpayers would incur no liability. Translation: they'll print the money.
"The ability of the FDIC and other regulatory authorities to manage the orderly resolution of large, complex financial institutions remains foundational to U.S. financial stability. While recognizing the progress that has been made toward enabling such a resolution and ending “too big to fail,” we also recognize that the resolution of a GSIB has not yet been undertaken. When it becomes necessary to do so, carrying out such a resolution will come with a unique set of challenges and risks."
Any bets on who it's gonna be?
UBS has a NYC Americas HQ, big HQ not USA, and...
Switzerland says UBS may need more cash. The bank is fuming
A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses and protect taxpayers from ever having to bail out a major bank, reports my colleague Hanna Ziady.
Now, the giant Swiss lender is hitting back, saying its finances are robust and warning that the proposal could harm Switzerland’s standing as a global financial center.
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37 minutes ago, McJay Pilot said:
The real question… does the T-54 have a “god box”?
https://www.navair.navy.mil/product/T-54A
Perhaps, but it WILL fly in the valley-of-the-downs! Ah the good ole' days of doing an NDB approach sucking O2 mask with an engine simulated out. And uphill both ways.
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Wonder when the E8/9s realize WOs displace their billets by DOMPMA...
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The right one, just in case, just to ask, 'so are you feeling lucky...punk?'
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6 hours ago, M2 said:
I'm only here for Biff_T's posts!! 😗
Did you 'dibs' Biff just now!?
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Related to Ron J.? ...Yikes
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9 hours ago, BashiChuni said:
Yeah. About that. Pretty sure I'd take a coalitions' financial and operationally-ready weapons support to the tune of $278B as of Jan 24'....especially American and German tech, they seem historically kick-ass and dominant in lethality and effectiveness.
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5 minutes ago, illusive said:
So I can scroll right now if I needed to then
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1 hour ago, illusive said:
Have you ever heard of a WG/CC not signing a waiver? Should you request to be scrolled as a captain after being passed over the first time?
Scroll early and often
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8 hours ago, Lawman said:
What gets real crazy is when you start thinking about deconfliction of launch path/sequencin...Meh, Big Sky/Space theory...what could go wrong!?
(/s) Also, do TBMs or ICBMs have ADS-B out? Or just in? Or not supposed to at all but it got included because that military didn't pay to remove that feature? (/s)
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8 minutes ago, uhhello said:
Looks like Israel was just fibbing about waiting until after passover. Israeli strikes on Iranian nuclear facility locations just happened.
TRANSFER OF TRAFFIC BETWEEN TEHRAN FIR AND BAGHDAD FIR (ORBB)
TEMPORARY SUSPENDED THEREFOR ALL AIR OPERATOR
ARE NOT AUTHORIZED TO PLAN AND CONDUCT
ARRIVAING TRAFFIC FROM BAGHDAD FIR TO TEHRAN FIR AND
DEPARTING TRAFFIC FROM TEHRAN FIR TO BAGHDAD FIR
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6 minutes ago, ViperMan said:
@Danger41 is spot on. There is a lot of hype and misunderstanding about what AI is and about what it can do. The discussion about artificial general intelligence (AGI) is more theoretical. IMO AGI is not possible, because no matter how sophisticated the output seems, a computer is still just a really really fast abacus. In order to admit a computer into the realm of the "intelligent" you simultaneously need to admit an abacus into the same category. I don't think many people would be comfortable with that leap.
Really the whole discipline suffers from having ever been associated with the word "intelligence" in the first place as it begets consciousness, which a computer can never be.
What AI is going to do is make a lot of previously seemingly intractable problems solvable, but all it really is at rock bottom is advanced math (statistics) being applied to lots of high-dimensional data. Computers are good at solving things like that. People not so much. Once you understand that, the magic disappears.
Perhaps because AGI needs an input, rather than already having a purpose. A purpose which is its reason or input-into-life's-abacus.
Also, any self-fulfilling purpose of an AGI is just scary because of its potential, speed, and limited understanding/control...which is what makes Terminator series so entertaining.
Begs the question: does a street-smart AI = AGI? Or book smart?
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22 hours ago, FourFans said:
I’d have to defer to the sim cert team at LRF. My knowledge dates to 2020. That’s the last time I was in the know with those guys. They’ve since PCS’d on.
Well ain’t that about a bitch! I got it put on my ticket in 2019. Seems dumb not to have the equivalence. Anyone here tried to get a 382J type recently? It felt like every all C-130E/H was utterly unique, while every J is exactly the same still. Can’t see how a 382J would be any different than a C-130J. I’ll bet it’s the block upgrades. 6.0 and 8.x are treated as different quals by the USAF.
Peddle force augmented and some other nitnoid stuff
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The airfield or aircrew seemingly rated it a '5', seeing how the 5-board is upright, nearby
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https://www.airandspaceforces.com/t-6-emergency-landing-texas/
..having executed a belly flop landing.
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FYI: nearly all pilots will get deneid reclama is the scuttlebutt. I know of 1 approved of many. But that's not all. TIFWIW.
What MAJCOM? Do they use TM? AFSOC doesn't, it's a facade for them it seems.
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4 hours ago, Biff_T said:
Did he at least get a side of ranch to dip it in?
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The Next President is...
in Squadron Bar
Posted
Anything to cancel student debt....