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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
Quick scan of this guys Twitter tells me he’s an idiot who is trying to gain a Twitter following.
My GF works there, she’s freaking out. Hopefully people chill out soon.
Was just about to deploy to SCHD….
Who wants to tell me having 90% of my worth in stocks on Schwab isn’t anything to worry about? I know they’re “separate” but tough not to be a scared bitch at the moment.
Zero to worry about
you have absolutely nothing whatsoever to worry about
If Schwab is fucked enough to go under I imagine your first worry won’t be your net worth.
What do we know about the FHLB
Nice little summary here, privately capitalized, no federal funding
The federal government does not guarantee or insure these consolidated obligations. However, the FHLBs’ status as a governmentsponsored enterprise enables the FHLBs to raise funds at rates slightly above comparable obligations issued by the U.S. Department of the Treasury. The FHLBs have thousands of members that include banks, thrifts, credit unions, insurance companies, and community development financial institutions. Of all insured lending institutions in the country, members represent approximately 80 percent of these institutions. To become a member, a financial institution must purchase stock in proportion to its holdings of mortgages and mortgage securities and its assets.2 Unlike the other government sponsored enterprises, Fannie Mae and Freddie Mac, FHLBs do not guarantee or insure mortgage loans. Instead, FHLBs act as a “bank to banks” by providing long- and short-term loans known as “advances” to their members, as well as specialized grants and loans aimed at increasing affordable housing and economic development. In some cases, FHLBs also provide secondary market outlets for members interested in selling mortgage loans.
Mr. Dimon personally evaluated the bank's relationship with Epstein during an internal risk review and decided to keep Epstein as a client. AFTER his first conviction.
Did Jamie and Jeff fuck the same kids? Many are asking
Bought $5k worth at $53
Heard the same except diamond liked them much younger
First Republic Bank is down 78% today. Any reason not to jump all over these regional banks that are tanking? I’m assuming it’s partly because they know regulations are coming and the cash cow is, at least for now, drying up?
if you invest in one of those banks it's purely gambling. There is a decent chance the equity will be worthless.
He didn't say crypto. He said bank.
I jumped on Western Alliance in the morning and sold after it bounced back 50%. Im $300 richer.
Can I have your $300?
We are same, except $300 less poor
Finished off contributions to my wife's Roth IRA and going to do mine after my bonus hits on Wednesday.
in USB @ $36.79
Anyone remember what SCHW was up to in 2020 when they decided to dilute?
"up to" as in what they have to show for it, bought/merged something etc, not asking about stock price during that time.
Is that the TDA acquisition? Or part of it at least?
That would make sense.
Haha this guy is an idiot. Know him personally and used to work with him. Huge CHUD whose email just stopped working one day after a call from compliance, never found out exactly what he did. He then moved to Texas to chase freedom and become an independent advisor.
Can’t quite get the MoM inflation to where we need it. Oil is low again so perhaps if shelter ever breaks we can get there later this year.
Seems like higher for longer still, if SVB hadn’t crashed I feel like markets would have been pricing the terminal rate at 6% this week
Markets will probably bounce on a pivot narrative that I don’t think is there.
Round 2 layoffs for Meta.
Max pain scenario soon come
Damn, 11k/13% in November, 10k/12% now and 5k open positions won't be filled.
"At this point, I think we should prepare ourselves for the possibility that this new economic reality will continue for many years."
Really looking forward to this tech job market coming up...
fb has been burning money for years on headcount. Their comp packages were atleast 2x what microsoft and google were offering for similar things from what I saw in my part of the industry (product side and not ads). Then those teams produced fail after fail after fail. Not to mention their tech bro culture driving a pretty toxic culture. Fully expect them to continue to reduce HC this year. AWS had similar hiring practices but actually sold stuff.
Seems like it's a mixed bag. My company (SaaS) went from expecting to do a 5% RIF in November, to only actually doing like 1-2% and then almost immediately ramping up hiring again. Our headcount is higher today than it was in November.
Twilio and Meta were the first of the big hitters techs with layoffs. Both have had round 2s.
Both have/had fundamental business questions relating to them though, over and beyond just a belt tightening/market signal. Hopefully we don’t see repeated rounds as most have done one round at least.
He’s going to make a couple million when stock gets back to where it was a few days ago
Any reason we shouldn’t be dumping all our cash into 90 day tbills?
Bought 100 shares this morning.
Woof don’t look
This is fine
Cook the planet and let our infra rot to reign in inflation....hmmmm
Lmao yes bring back austerity.
Raising taxes on the wealthy to siphon money out never crossed their mind I'm sure