DalTxHornFan
Certifiably Surly
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Viewing Topic: 2025 Citrus Bowl - Texas vs. Michigan - 2:00pm on ABC
Everything posted by DalTxHornFan
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Things to do reasonably close to Houston Hobby
Love the ash trays!
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World’s Most Hated Fast Food Chains
Late to the thread, but I worked as an assistant manager (not an assistant to the manager!) at a Pizza Hut in HS in the 1970s. I'd have to get in at 5 am to make the dough for the day. Huge stand mixer with a dough hook that could take your arm off. Flour, water, salt, yeast. Wait for it to rise. Thick or thin crust -- all made on site. The sauce came out of a can and the meats and cheeses were out a box from the freezer, but we prepped and chopped all of veggies on site. No pre-packaged portions, either. We made some pretty good pies back then.
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Austin-based Digital Marketing Agency
My take is that there are so many spammy cold-call emails going on in this space that it is hard to separate the wheat from the chaff.
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High end kitchen appliances
And they are likely all made at the same plant in Mexico. All of our stuff has a Whirlpool or Kenmore nameplate on it.
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Which is your Favorite Hot Sauce?
You say that like it's a bad thing!
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A story about a pathetic man's downfall [34 Felony Convictions]
I don't want loyalty. I want real loyalty. I want him to kiss my ass in Macy's window at high noon and tell me it smells like roses. I want his pecker in my pocket.
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High end kitchen appliances
Give me the simple appliances that do the basics and last forever!
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Which is your Favorite Hot Sauce?
I'm not sure that there is a bit of difference between Crystal or Louisiana -- I like them both. Jalapeno or Chipotle versions are the only Tabasco products that I buy.
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Texas BBQ
Damning with faint praise? How were the pickles and onions?
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2023 bank failures
The Narrator: It will cost the taxpayers way more than $25 Billion. (For the good of the country, of course.)
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2023 bank failures
Frankly, I think that the Fed should have done something like this way earlier. So many banks had bond interest rate exposure. And the OCC knew all about it. The current administration simply wanted to wish the current interest rate environment as "transitory" -- 4-5 basis points is not "transitory"
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2023 bank failures
The U.S. taxpayers are going to be buying a ton of underwater bonds from banks this week. At par. Guess who will take the hit?
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2023 bank failures
That FDIC press release is really dumb. Love the "no cost to taxpayers" bit. Are Men from Mars gonna fund it?
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2023 bank failures
Was the United States banking system just nationalized today?
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2023 bank failures
In a nutshell -- Gubmint is scared.
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2023 bank failures
It's happening. No link, but errybody will have access to their deposits tomorrow. Special assistance to banks with underwater bond portfolios. Details to come.
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2023 bank failures
Bold prediction. FDIC is going to make errybody whole on their deposits in this bank. They will also unlimited deposit protection for all banks on an "emergency" basis to avoid a further crisis.
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2023 bank failures
HTM on bond portfolios is a very questionable classification right now. I could see some sort of regulatory action to allow those to be counted as assets without discount, maybe with a fed repurchase facility if a bank has a liquidity issue.
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2023 bank failures
We used the fiction of "regulatory goodwill" for decades to allow S&Ls to stay in business. The gubmint does what it wants to.
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2023 bank failures
I was hearing something from a financial services-connected friend in DC about some emergency legislation being discussed to deal with the insurance cap with respect to this situation. That sounds like a long-shot to me. But who knows? If this is truly going to be a systemic issue, it might make sense to cut it off before it goes further.
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2023 bank failures
Don't know any details, but I would bet that you know things.
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2023 bank failures
I don't know the details, but it really seems dumb that there wasn't liquidity provided to the bank earlier this week. Plenty of assets. Management arrogance? The window is almost always open. We will learn more.
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World Class Holdings offices raided
Totally unrelated point. Scrip clubs are a great way to launder cash.
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World Class Holdings offices raided
And I don't think that you are wrong. I think that Nate is in a lot of trouble. Not just judicially.
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2023 bank failures
Most of my career has involved litigation related to failed financial institutions. This one is different because of the rapid shift in interest rates, making HTM bond portfolios needing big haircuts. I think that more will be exposed soon. The 2008 crisis related to both screwed up MBS and a related lack of market for real estate assets. The 1982-1986 crisis related to a plunge in oil prices and tax law changes. All of which were exacerbated by a bunch of S&L cowboys that had never done anything beyond a single family home loan trying to get into complex commercial lending. (And maybe a bit of fraud!)