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By interviewing the catalogers involved in the creation of the standard, the investigators established that some characters were inadvertently invented as mistakes in the cataloging process. For example, 妛 was an error introduced while trying to record "山 over 女". "山 over 女" occurs in the name of a particular place and was thus suitable for inclusion in the JIS standard, but because they couldn't print it as one character yet, 山 and 女 were printed separately, cut out, and pasted onto a sheet of paper, and then copied. When reading the copy, the line where the two little pieces of paper met looked like a stroke and was added to the character by mistake. The original character (𡚴) was not added to JIS or Unicode until much later and doesn't display on most sites for me.
A Spectre is Haunting Unicode
𡚴
JPMorgan needed a loss-sharing agreement to improve the capital accounting for the deal. I have, above, used simple math — assets minus liabilities, equity divided by assets — to describe bank capital, but actual bank capital requirements are based on risk-weighed assets. Capital is a cushion designed to protect a bank from losses, and a bank needs more capital against risky assets than it does against safe assets. A big pile of mortgages and commercial loans will get an okay risk weighting, but a big pile of mortgages and commercial loans insured by the FDIC will get a better risk weighting. If JPMorgan had just bought these loans outright, its capital ratios would have suffered. But, it says, the “FDIC loss share agreements reduce risk weighting on covered loans,” so its common equity tier 1 capital ratio will still be “consistent with 1Q24 target of 13.5%.”
JPMorgan Got a Deal on First Republic
Matt Levine
My dad wasn’t drawn to the U.S. by any specific dream, just a chance for something different. Still, he understood that American life is unbounded promise and hypocrisy, faith and greed, new spectrums of joy and self-doubt, freedom enabled by enslavement. All of these things at once.
My Dad and Kurt Cobain
Hua Hsu
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