NY Fed heart fintech

Mortgage lenders that exclusively use online applications approve loans quicker, experience fewer defaults, encourage more refinancing and respond to demand shifts better than brick-and-mortar rivals, according to a New York Fed report released Thursday.The Federal Reserve’s New York branch studied how mortgages from financial technology companies (fintechs) compared to those extended from banks in key categories. The study is part of the Fed’s broader efforts to understand how fintechs will reshape the financial world.Fintech lenders seek to connect customers with outside sources of capital or holdings from investors and promise a quicker, easier process than going through a bank. The providers offer services through software, internet applications and even smartphone applications.

So NY Fed should support intelligent cash card. 

NRA, welfare bums

The NRA chief gun runner, making the same appeal for federal help, like the welfare bums in Rick scott's office.  If the NRA wanted the Feds to regulate the militias, no problem, bonehead, we are starting with you and voting the dimwit Repubs out of office. See you on the battle field. 

“The elites don’t care not one whit about America’s school system and school children,” he said. “If they truly cared, what they would do is they would protect them. For them it’s not a safety issue, it’s a political issue. They care more about control and more of it, their goal is to eliminate the Second Amendment and our firearms freedoms so that they can eradicate all individual freedoms.”

Vote these idiots out of office, limit access of guns to proven, safe militias that take responsibility.  

Gunning for Coinbase

More than 4 million people have signed up to open accounts at Robinhood Markets Inc. as the brokerage app begins offering commission-free trading of Bitcoin and Ethereum today for the first time.

Fun times in the sandbox 

You end up with bitcoin S&L

Some of the biggest players in the cryptocurrency market are calling for a shake-up in bitcoin futures trading. 

Bitcoin futures started trading on Cboe Global Markets and CME in December and have been steadily growing since, with volumes for both markets at just under 10,000 contracts traded Wednesday, according to data from Bloomberg. At least 30 firms trade on Cboe, according to briefing documents from the exchange.Bitcoin futures are cash-settled futures contracts. At the point of expiration, a trader will receive (or pay out) the difference between the price he or she bought the future at and the settlement price. In contrast, with physical settlement a trader takes ownership of bitcoin at the price established in the futures contract.

OK, if we settle in bitcoin, then why have the fiat at all? 

The futures market, in this case, becomes an S&L pit with bitcoins on custodial deposit and loan. The bit error covered by trader fees.

Welcome to the sandbox, just download the standard  S&L pit, set Coin = Btc and hit go.

Dave! What's happening

Dave, our government accountant scares us.

Does good work. My unstated interpretation is we are ending the generational monetary regime and going full sandbox.

Been there, done that, under control.

Fiat, sandbox interface

Bitfinex is a fiat tumbler in the sandbox, always looking  for compliant bankers in the swift system.  They need robotic account control.  

It is really the laundry business because their strategy for tether should be published bank accounts, it is the tradebook it is what attracts usage.  But usage is not what bitfinex wants, they want dirty laundry. 

Welcome to the sandbox, glad to have you. the legitimate customer has stablecoin, or just plain pipeline controlled bearer assets of all types. But we like dirty laundry also.

Harold Reusken, an ING spokesperson, has confirmed via email that Bitfinex holds an account with the bank in the Netherlands. Mr. Reusken did not comment when asked if ING also provides services to other companies associated with Bitfinex.
Mr. Reusken indicated that ING is typically willing to work with “companies that are in the value chain of cryptocurrencies,” rather than “companies that are in traditional markets and receive or do payments with cryptocurrencies.” The spokes person said “With regards to companies that are active in the crypto market, we are very conservative”. Mr. Reusken also stated that ING is currently experimenting with distributed ledger technology.

Ripple Labs can help

Lloyds Banking Group will invest more than £3bn to transform itself into a simple and low risk digital bank as it looks to move on from its decade of government ownership and the costly PPI scandal.
Lloyds, which was bailed out during the financial crisis but returned to private ownership last May, revealed the much-anticipated strategy update alongside its full-year results for 2017 this morning.

And, read my blog to go full sandbox 

You have declared war on us

NRA's Loesch: I Wouldn't Have Been Able To Exit CNN Town Hall If I Didn't Have A Security Detailhould

We are already engaging in military movement against you, while voting out  your dumbshit Triumpster. Your army is squat compared to ours. Your soldiers are uneducated opiated nutcases, easily defeated. Trump easily voted out of office.

Rubio's career is crap, Rick Scott indicted for murder, any politician speaking for our enemy is targeted for defeat. These boneheads are no better than that mexican mayor who lines the kids up and shoots them. 

It is the imperfect that scares us

Bullard Calms Markets: "Everything Needs To Be Perfect" For Fed 4 Rate Hikes

 The pension funds, mainly. A five percent market return hurts, but is doable. There is not much he can do about congress, and treasury will  dump another hundred billion in debt next. 

Each of these become fractional bounds, ratio of integer. Narrow angle to make the turn, fed is in no position to help, some meeting of the elders soon.

They will shoot up the Kentucjy Derby

Kentucky Moves To Add Guns To Schools After School Shooting.

Or they shoot into the concert. Instapundit would simply arm us all, make the shoot outs more efficient. But Instapundit still makes sure the Las Vegas shooters get a high perch with automatic rifle.

I think we should tax the hell out of Kentucky with half the population getting cop pensions, the other half shooting up to avoid taxes.  Instapundit is yet another Tea Party Welfare bum.

I can explain their theory

Instapundit knows the gun crazies, he grew up around them.  So, he wants government militia everywhere, he is ultimately socialist, full magic walrus. Growing up around NRA nuts means mixing with the dangerous, male hysterics, the two groups overlap.

Regulate the private militia, rather than hire myriads of government cops. The NRA is the unregulated militia, they are the main cause of unregulated crazies shooting at crowds of Tea Party Welfare bums.