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" ... As the new creditor, Mississippi filed a motion with the Florida trial court to order Sunstate's escrow agent to make a payment to Mississippi for the amount that Ramos's could have received for his interests. The court did not order that, but instead ordered Ramos to surrender his Intercontinental unit certificates to Mississippi and also execute the transmittal letter which warranted that those units were free and clear of any encumbrances. For his part, Ramos stated that he did not hold the certificate and could not warrant the units were free and clear, since the certificate was held by Yepez and Yepez held a security interest in Ramos's units for the earlier loan which Yepez extended. ... "
" ... Banks involved with a “funds transfer,” “originator,” “beneficiary,” and “payment order” apply only in the context of banks; however, the term “transmittal of funds” includes a funds transfer and is the counterpart of a funds transfer in the context of nonbank financial institutions. To effectively clean up any ambiguity that was left in the UCC that defines money as, “a medium of exchange currently authorized or adopted by a domestic or foreign government,” this proposed change would, “make explicitly clear that both payment orders and transmittal orders include any instruction by the sender to transmit CVC or any digital asset having legal tender status to a recipient.” ... "
" ... The stall out in the U.S. economy and in most major world economies has baffled policymakers. No matter what they try in today’s economic environment, it hasn’t worked for more than a short period of time. Quantitative easing appeared to work when first tried during the Great Recession, but now, as Japan and Europe have found, there appears to be significant diminishing returns with these unconventional tools. Europe, for example, will substantially increase its bond purchases beginning June 1, yet, with this news, the equity markets there turned lower, not higher as they had in the past. Thus, one of the major transmittal mechanisms of QE, the rather weak “wealth effect,” is no longer working, and may even be a negative. The markets are coming to realize that the unconventional policies have not spurred economic growth, so any announcements of even more such unconventionality is now receiving the cold shoulder. ... "