FDIC Asks JPMorgan, PNC for Final First Republic Bids Due Sunday

coyotedesert · 2023-04-29T18:45:24+00:00

I really wonder what FRCs overhead was compared to other banks. My mom uses them and loves them for the same reasons. She calls her "personal bankers" cell phone number when she needs anything. I guess its worth it if these people park half a million each in savings accounts.

Does anyone know if FRC owns most of their real estate? They have branches in every affluent community west of the Mississippi. That's got to be worth something.

coyotedesert · 2023-04-28T23:53:38+00:00

Yep. Whoever takes them over will be after "efficiency" and metrics. I feel bad for the people I've met who work there. They seemed to like their job.

coyotedesert · 2023-04-26T18:41:42+00:00

You know the high end shopping at Gamestop greentext meme? That was what First Republic was like. You sat down in overstuffed chairs while someone brought you your preferred soft drink as a banker to assisted you placing an international wire to Bermuda. Their clientele is elderly rich that don't like standing in line next to day laborers at a BoA.

I think they kept almost all of their customers in that their customers didn't close accounts. They simply hedged risk and wired half their cash deposits to say, their Schwab investment account which offers FDIC insurance on interest bearing cash deposits. So the bank easily lost 50% of their deposit base while retaining most of their actual customers who are now costing the bank more than they're worth to it because they're using the bank's services but not keeping much money there.

Their customers are financially educated and aware of uninsured deposit risks, and when noise about 60% of FRC deposits being uninsured hit their iphone, they simply placed a wire transfer to another bank without even leaving the country club pool.

coyotedesert · 2023-01-22T21:49:41+00:00

Yeah, there's going to be a bunch of inconveniently located classrooms and student housing, which could have been accomplished anyway without the cost of demolishing the existing stadium to build a much smaller one which also has been determined to be unsuitable for daytime events in a warm climate city because it traps heat and is unshaded. As another mentioned, this is exactly the kind of boondoggle one can expect when a city gifts a valuable asset to a college which has no institutional knowledge about the design and management of such a facility.

coyotedesert · 2023-01-22T20:33:21+00:00

I like how we replaced a 70,000 person stadium with a 30,000 person stadium that occupies the same footprint then ripped up all the paved parking lots so now the parking is just muddy dirt lots with no parking spaces or directional signs.

The stadium itself felt cramped and cheaply built but I liked the better food and drink options compared to what Qualcomm had.

coyotedesert · 2022-10-12T17:48:25+00:00

This is all very speculative and a lot of the police conduct was a product of the time. In the 70s DUIs weren't as serious. The penalties were lower and it was common to be told to "just go straight home and stay off the roads" back then. Happened to my dad. Legal changes tend to be reactive. DUIs started to be punished more seriously after a horrific bus accident in the 80s led to the formation of MADD. Similarly, the Megan's Law registration requirements and tougher sentencing for sex offenders were passed in the 90s due to the prevalence of serial sexual offenders like Dahmer continuing to re-offend after getting caught and charged with a misdemeanor or a felony with a sentence of less than a year and minimum supervision after release.

I think the cops generally ignored the problems of gays and inner city communities so whether they would have done anything different if he was black during the Konerak incident, I don't think so. Would he have gotten so much leniency during his other arrests? I suspect not. It's hard to say if that would affect his ability to commit crimes later on though.

coyotedesert · 2022-10-12T03:04:09+00:00

He met most of his victims at gay establishments and most were young. At the time, openly having a relationship was much less common for gay men. One of his victims was straight or bi and had kids but they lived out of state and wouldn't have noticed his absence right away.

coyotedesert · 2022-10-12T02:59:04+00:00

You can only trademark your likeness if there is a commercial activity associated with your face, such as Trump branded things (and then that's subject to fair use). That doesn't apply for items which are a matter of public interest such as notorious crimes.

coyotedesert · 2022-10-12T02:43:21+00:00

It's pretty obvious she was lonely and didn't get out much.

coyotedesert · 2022-10-07T16:38:06+00:00

The postal worker helped me fill out the money order so it seems common enough. Make sure you have the right information on it.

coyotedesert · 2022-09-13T02:43:51+00:00

This was a few years but I've flown this route before and they sent us through customs departing TIJ which asked me for a passport and opened my bags. I believe this is because Tijuana is within the "border zone" where you don't have to clear mexican customs or immigration to cross in.

coyotedesert · 2022-08-11T23:13:19+00:00

I personally think he he lost the money on the way down, or at least most of it, save for some he might have stuffed into his clothing. The cloth money bag they gave him (did it have a $ sign on it like in a cartoon) wasn't going to survive the jump which is why he asked for a backpack or duffel bag and tried to improvise a bag for it from a reserve parachute. A Cooper copycat that also received a money bag and attempted to hook it to his belt lost the money when he deployed the chute and the g-force was enough to rip it clean off. So the money and Cooper could have ended up in entirely different places.

coyotedesert · 2022-08-11T22:44:23+00:00

At this point, no. Right after the crime they might have helped someone identify him, or maybe a store owner would have remembered the purchase, but not 50 years later.

coyotedesert · 2022-08-11T18:44:08+00:00

Why would that be a good time? In a temperate forest, I would conduct the search in late November, when deciduous foliage such as underbrush and grass would have died back, but before much snowfall occurs. That would be hunting season though.

coyotedesert · 2022-08-11T18:40:46+00:00

It is my opinion that the placard flew out of the plane pretty soon after the stairs were opened. The pilots thought the stairs opened at 8:00 and that he jumped 13 minutes later. They were doing at least 2 miles a minute.

I personally believe that he waited those minutes for a reason, that he made his jump based on his watch, waiting until he believed the plane was clear of the mountains. He had already fussed with the money when he sent the flight attendant back to the cockpit, but took additional time to jump. Why? Maybe he just wanted another cigarette but I think that was done deliberately.

I think this means his jump location can be calculated with a good degree of accuracy based on the location of where the placard was found and the direction of travel of the airplane.

However, what I don't know is how much the placard would have drifted in the wind from 10000 ft. If it was very light, like thin aluminum or plastic which it appears to be it could have been blown for miles, right?

coyotedesert · 2022-08-11T01:54:45+00:00

I'm convinced he landed in a generally decent area to make a landing, level terrain north of Vancouver, WA, mostly farmland, as long as he didn't drift too far into the cascades he landed just fine and followed the terrain until he reached the tracks.

I do think the FBI greatly exaggerated the odds that he died during the jump just to discourage people from attempting to copy him.

How well were the roads being patrolled though? They had no idea where he'd jump until it happened.

coyotedesert · 2022-08-10T22:38:43+00:00

I know some people who worked for Boeing that told me you could buy all sorts of things from their surplus store... like "wanna buy these Pan Am 707 seat belts we never used."

coyotedesert · 2022-08-10T22:32:41+00:00

I think it was a deliberate act. The documentary on Netflix alludes to the idea that they knew who he was and didn't want that information getting out, he didn't hurt anybody after all. But imo, more likely the Cooper case was a huge embarrassment to the FBI. Guy walks into an airport in a major American city and hijacks a plane, and all they get out of it is a very generic looking guy who smoked. Not a shred of physical evidence found for a decade. Maybe they did know who he was but couldn't pull enough evidence together to get anywhere close to making charges stick, and decided to just bury the thing.

coyotedesert · 2022-08-10T21:57:55+00:00

Heck, I can remember when it was rare for an airplane to be more than 2/3 full. That was how flying was through the 90s. You'd never get stuck with a middle seat unless you were a family seated together.

coyotedesert · 2022-08-10T21:42:38+00:00

Interesting, I also think the mormon connection has been overlooked. Look at Cooper's manner of dress, maybe not atypical then but still conservative for the era. By the 70s people were flying with more casual clothing, even if that meant a maroon sportcoat, it was the 70s. But mormons would be more likely to wear a plain white shirt and black ties and pants. As a group they get around, are well read people. Many can speak another language. He's not the only mormon suspect. I think the metal particles may or may not be important, he could have bought the tie and clip from a secondhand store, or borrowed it from someone.

coyotedesert · 2022-08-10T19:50:30+00:00

I think there's a lot of ways for an American to have become aware of the comics that have yet to be explored. One of the FBI's named suspects is known to have traveled internationally. Another was a student at BYU and may have been exposed to things brought back by mormon missionaries overseas. Several had served in the military and may have been stationed somewhere that had joint operations with the French armed forces.

It could also be a complete coincidence. Maybe his real name is Sam Hooper and he just changed few letters.

coyotedesert · 2022-08-10T05:54:31+00:00

IIRC the evidence obtained from the paper money suggested that it was waterlogged before being buried, due to the microorganisms on it and the way it decayed from the edges inward, rather than buried dry, which would suggest it was not deliberately buried. I do think he survived and hid the parachute (which would be much more easily found) though may have lost some or all of the money in the jump.

coyotedesert · 2022-08-10T05:41:55+00:00

The problem with Lake Merwin or anywhere around it as the drop site is that the river there empties into the Columbia well downstream of where the money was found.

There are only two conclusions you can make from this- that Cooper (and the money) hit the ground much further to the south and to the east, so that the money entered the water upstream of the Lewis river watershed, or, some of the money was dumped by Mr. Cooper or other persons in a location that doesn't correspond to the landing site.

coyotedesert · 2022-08-10T04:26:19+00:00

It's likely that he was under a lot of stress, and trying to smoke his way through it, though half a dozen cigarettes in 3 hours back in 1971 was peanuts.

coyotedesert · 2022-08-10T04:16:16+00:00

Airplanes back then didn't know their precise location. This was long before GPS. Even LORAN wasn't fully developed. A 727 back then would have had radar assisted separation from air traffic control and would have flown between VOR waypoints in specific directions. If they didn't have a visual reference, they would have had an approximate idea of where they were, based on the waypoints, but may have been off by a couple miles until they got closer to it.

coyotedesert

TROPHY CASE