Great points, and I can’t find more signal as yet on this story. My gut feeling is it’s true.
We’ll have to wait and see. I don’t own a Bloomberg terminal, so I can’t vouch for the CUSIP change.
Again, we’ll see. But I believe we’re on the precipice of banking collapse, because only an NPC doesn’t foresee this. nostr:note1p8270g2l9kp2qvakj8lp99cxgk7ftc0267kcywxt362slfha2trsa7u5r7
Liquidity is drying up. Even Japam had to raise their interest rate. I don’t doubt bank failures are coming, and that they will use it as an excuse to get money from taxpayers and print money on a larger scale than ever before.
And no, I haven’t jad access to a Bloomberg terminal since 2020. But I was around when the Greekdebt crisis hit and when Lehman went bankrupt. I never heard ofdtc deleting a cusip, but maybe I just wasn’t cool enough.
If that were to happen, chstodians would still have the bond on their nooks, they justhave to update the identifier until they figure out how much of a haircut or loss they have to write down.
I just happened to have been an investment accountant at State Street for 7 years, accounting for mutual fund groups and insurance companies who used state street as custodian.
A missing cusip at the custodian will not keep these people from learning what’s going on. In fact, it sticks out like a sore thumb.
