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  1. mervyn

    The Capitalists Will Sell Us the Rope with Which We Will Hang

    Banks should be utility companies. Without all the safety guarantees, are you willing to park your hard-earned cash in banks? Think about it, it has nothing to do with the depositors. I for one want a postal banking system, rather than a commercial banking system.
  2. mervyn

    President's daughter-in-law Hallie becomes latest Biden linked to Chinese money

    Call me naive, what’s your last name?
  3. mervyn

    Combined bank losses of 77 - 91% of their combined capital cushion

    basel capital requirement for banks is 8%, that is 12.5x leverage.
  4. mervyn

    Discussion: Mechanics of SVB and similar bank collapse

    Banks mark their holdings HTM and AFS, Hod To Maturity is at cost, Available for Sales marks to market, and 7-8% cash on hand. You will have a bank run if the cash withdrawal is greater than cash and AFS.
  5. mervyn

    FRC -is deal with JP Morgan Chase a done deal

    warren said: be greedy when people are scared. will add more if it is down.
  6. mervyn

    Preparing for Trump's Indictment

    https://www.nytimes.com/2023/03/18/us/politics/trump-indictment-arrest-protests.html
  7. mervyn

    Bond Rates - Treasury vs Corp - Don't make sense

    You don’t divide bond price by year, if the fed cuts rate next year, same bond price will go up to possibly 90ish. The point is T is the benchmark to price risk, normally no corp paper can be issued at lower yield that comparable Ts. If SVB can lose 9% on selling Ts, the investors can lose 11%...
  8. mervyn

    Russia & Ukraine

    I want a fully decoupled world, with no Chinese and US tie. They do their things and we do ours, maybe some tourisms in between. BUT this order is not acceptable to the elites in Washington, they want to rule the world, hence the cold and hot war.
  9. mervyn

    President's daughter-in-law Hallie becomes latest Biden linked to Chinese money

    well if you have a sister in law you can have a *body too. how is she consequential to chinese tie?
  10. mervyn

    US Adults spend on an average an hour on Tiktok? So many idiots?

    I played with TikTok just few weeks, it is like the 80’s “American’s Funniest Home Video” on demand. I don’t know what the fuss is all about.
  11. mervyn

    Gold

    I buy and keep gold bars, not papers, 1-10 oz a year.
  12. mervyn

    The Chinese Spy Balloon Saga

    After the Brits, as in Rome Empire, we are the New Rome, ruling from Constantinople. It lasted 146 years. Well, I just watch on Netflix.
  13. mervyn

    President's daughter-in-law Hallie becomes latest Biden linked to Chinese money

    I can agree with this argument you made. There are load of other politicians like Bush family has stronger tie to China than that of Biden. Who is Hallie anyway?
  14. mervyn

    FRC -is deal with JP Morgan Chase a done deal

    of course long
  15. mervyn

    Debt Ceiling Fight 2023

    Yellen should withhold their paychecks.
  16. mervyn

    FRC -is deal with JP Morgan Chase a done deal

    Price level is 44-55 for the last few days, easily make another 5-10, not marry to the trade, just profit from it.
  17. mervyn

    FRC -is deal with JP Morgan Chase a done deal

    Td from I read holds loads of schw stock from TD Ameritrade deal, mark around 14-18billion, either way the groupies won’t allow it to fail.
  18. mervyn

    FRC -is deal with JP Morgan Chase a done deal

    its ceo was buying, why not hop on the wangon, don't debate. the way frc works now, schw will be bailed out by td bank.
  19. mervyn

    FRC -is deal with JP Morgan Chase a done deal

    bought some schw
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