Tuesday Overnight Open Thread - July 1, 2025 [scampydog]

Good evening and welcome to the Tuesday ONT of digital sanitation. A collation of abandoned drafts, lukewarm takes, and general decluttering.

Attention Lurkers

Per the Official AoS Handbook, subsection 4b, all lurkers are encouraged to submit one (1) comment per quarter. Today marks the start of Q3 on the Gregorian calendar, so go ahead and check this task off your list. Dive in and join the lively chatter.

Acceptable topics are whatever you want. This is an open thread. Some ideas to get you going:

-Anything chaotic
-Commentary on the content (lightly skimmed/ignored is expected). We know about the content reading/lack thereof
-Anything random, weird, or questionably relevant (weird is very on-brand)

Members of the 50 Cent Army, Internet Research Agency, and other state-sponsored propaganda squads: you're excused. Sit this one out.

As the cool kids say, "Stay with it to the end."

Watch this vid before you take your kids with you to work 😂🤣 pic.twitter.com/63fDs3KAKW

— 🔥⭐️Edwin⭐️🔥 (@Nuked4Every1) June 24, 2025

Operation Midnight Hammer is officially in the books.

Let's see what else is tucked away in the archives. Some amusing military operation names.

Operation Frequent Wind. And more.

Operation Frequent Wind was the 1975 evacuation of Americans and Vietnamese citizens from Saigon before it fell. So we’ve established this was a pretty big deal and our side comes up with “Operation Frequent Wind” for a name. Leave it to a bunch of military guys to make a fart joke around one of the most visible missions in history.

There are a fair amount of thoughts around: What the hell is the DOJ spending their time doing?

The Tuesday ONT is here for you. Here is the link to their press release page. Searchable by date and keyword. Some interesting reading.

Life Skills - Rites of Passage: Polishing shoes - dead art? Walk in heels (only those that can define what a woman is). Properly pressing a shirt? Dressing appropriately for any occasion? Change a tire? Apply nail polish? How to tie a tie? Share some life skills - rites of passage in the comments.

Had the opportunity to have an incidental learning session with a young man recently on how to properly tie a tie. I prefer the 1/2 Windsor but the military knot and full Windsor have their time and place. My mother actually taught me how to tie a tie.

Pretty much every imaginable knot at this link. Never learned how to tie the bow tie - they do make it looks sexy in the movies when a woman ties it on a man.

High heels seem like a torture device. I suspect there is value - on those occasions when they must be worn, in knowing how to operate those creatures. Is there a song or something? Heal, toe, short step, short step.

Don't take long strides in your heels. As tempting as it can be to strut your stuff, you've got to learn how to walk before you can run. Take small steps by planting your heel firmly on the ground. Roll through the ball of your foot, push off with your toes, and keep your strides controlled and short. Avoid overextending your legs. Focus on maintaining a steady pace and distributing your weight evenly. Take your time to adjust to the height and feel of the heels, gradually increasing your stride length as you gain comfort and support.

Not what you expect it to be.

Such a good boy😂😂. pic.twitter.com/06oj8V6Lh5

— SonnyBoy🇺🇸 (@gotrice2024) June 24, 2025

What could possibly go wrong? Large banks are ramping up leverage again.

In the early 2000's, large bank leverage was roughly 20 to 1. Sometime around 2008 they increased to 30 to 1 (and I lost my mind). Previous life - the company I worked for did some deals with Lehman - thankfully prior to their demise. Current ratios are running about 10/15 to 1.

Uh huh, tell me about those low-risk assets. Way too deep of a topic to litigate in an ONT post, but plenty of room in the comment section for those interested or read in on such things.

ESLR (enhanced supplementary leverage ratio).

Large U.S. global banks can expect as much as $6 trillion in additional balance sheet capacity and billions in freed up capital under a Federal Reserve plan to relax leverage rules, Wall Street brokerages estimated Thursday.

The U.S. Fed unveiled a proposal on Wednesday that would overhaul how much capital large global banks must hold against relatively low-risk assets, as part of a bid to boost participation in U.S. Treasury markets.

Here is a deeper dive.

The relationship between the Treasury market and leverage ratios, and the ESLR in particular, is intuitive: Since a leverage ratio requires the same amount of capital for every asset with the same nominal value, it incentivizes banks to move away from low-risk assets like Treasuries and toward higher-risk, higher-yielding assets. Risk-weighted capital requirements incentivize banks in the opposite direction-toward lower-risk assets. But when the minimum required leverage ratio is high enough, it can dominate bank decisions on how to allocate capital among asset classes and activities. This effect is likely to be especially pronounced for banks with relatively higher amounts of trading activity-both because Treasuries are the most traded asset in the world and because of their use as collateral in repo transactions.

Before the ESLR was adopted in 2013, Federal Reserve officials (including me) discussed internally whether the new requirement of a 5% SLR for G-SIBs might interfere with monetary policy implementation or the smooth functioning of the Treasury market. Given expected levels of Treasury debt and reserves, they did not anticipate a problem. But many, both inside and outside the Fed, recognized that the ESLR might in some future circumstances adversely affect the Treasury market, especially during a period in which hedge funds and other institutions holding Treasuries needed to monetize them to obtain liquidity. Banks approaching their minimum leverage ratio would not be able to take more Treasuries onto their balance sheets.

One of those silly songs that has hung in there.

Charlie Rich, Behind Closed Doors from 1973. Went to #1 on US Country Songs and #15 on the US Billboard Hot 100.

I'm not on Spotify, but it is a popular tool. Most streamed song by year. A lot of streaming! Streaking was the '70's, or so I was told.

Parents, what have you done, or do you still do that embarrasses your littles?

Poker Face - Lady Gaga, 2008. Some Moron used that as their alarm on their phone for a couple of years to annoy their children. Daaaad!!!! You're not cool enough to know that song. You're embarrassing!

Technically, none below are wrong - all will be consumed. However, let's not pretend there isn't a hierarchy of proper "doneness." Prepare for opinions. Loud ones. Friendships may be tested. Some of you will get this wrong - the correct response is somewhere between 1.5 and 2. Scampywife insists that 6 is the correct carbon state of bacon.

Good Morning Y’all ☕️🥓
3-4 perfect bacon pic.twitter.com/e0Mi96XLIB

— LaylaTexas77🌹 (@LaylaTexas77) April 3, 2025

Also, No Go Zones.

Last minute ONT additions:

Happy Bobby Bonilla Day. One of the greatest sports stories of this generation.

As has been the case since 2011, Bonilla today will receive a $1.19 million annual payment from the Mets, a continuation of a deferral structure created in 2000, and lasting until 2035. Overall, the Mets deal, thanks to the deferrals and compounded interest, has turned an initial $5.9 million contract obligation to Bonilla into nearly $30 million for the six-time All-Star.

Trump wins again. UPenn male swimmer cosplaying as a woman has swim records stripped.

The university will also issue formal apologies to every biological female competitor who lost out to a transgender competitor following an investigation by the Department of Education's Office for Civil Rights (OCR).

My proton email account is kaput. I'd like to say it was something clever that I did, but it wasn't. Testing out - coming soon, the new and improved... Atomic mail.

posted by Open Blogger at 10:00 PM

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