Ben HUR DUR

Well doesn’t this just mean that the capital charge for direct lending by banks is too high and the capital charge for securitizations and collateralized transactions is too low?

The optimal level of capital is more a systemic question.

Not only the air, they are about to put him on the Fed…

If I was a CIO of a pension fund, charity, or endowment that has money at a16z, idk if it makes a lot of sense to keep your money at a firm headed by this egg.

He is a known grifter. He pumped and dumped solana on his podcast viewers during covid.

He was crying for a bailout for SVB’s uninsured depositors when it failed. And, he’s supposed to be a libertarian.

He supported DeSantis and denounced Trump after Jan 6. Now he can’t stop singing his praises.

It’s been up for a while. Was on the White House’s a few weeks ago and saw it. It shocked me. I guess Fox, WSJ, and OAN aren’t enough, they need a Pravda

This. It’s fundamentally a consequence of a winner-take-all dynamics in our economy.

In broad daylight. Wonder if this meets the Supreme Court’s tit-for-tat standard… 🙄

Add FSOC to that list of duds

Terrible take. I feel for restaurant operators but they are using public spaces for private profit. The city should charge rent for private use of a public space.

We don’t need to subsidize outdoor eating when we have food banks with lines around the block.

a man in a suit and tie is talking into a microphone . ALT: a man in a suit and tie is talking into a microphone .

He told us

Interesting… hopefully there is none. The OCC and FDIC have faced similar cuts % wise but, in terms of magnitude, 150 for the FRS seems waaaay less severe than the 1000+ staff at OCC and FDIC.

Graham do you know if this is only Board S&R staff or does it include front-line examiners at reserve banks?

Come on bro, it wasn’t just the “banks”

Sounds like my train car this morning

Ian being an industry plant is oddly missing from that story.

Or the legendary Pulitzer who never riled up the American public to go to war just to sell papers.

The SVB episode don’t make me optimistic our politics has moved past bailouts for HNW individuals.

I mean what has he done without Brady?

Guess this solves the mystery of who was more important to that dynasty.

Picture of Avik Roy

Remember this guy? Wonder what he’s up to now…

Prediction markets? You mean bucket shops?

Is this what dating in Boston is like?

Just wondering how many 🚩there are except not knowing hot sauce ball

Liberal, moderate, or conservative?

It’s so over

Do they need approval to do this on streets? Or, can they just start testing?

Aldermanic privilege is bane of all good housing policy.

Official sector buying gold has slowed down and gold has still kept going up in 2025.

Any thoughts on why gold’s correlation to tips has broken down? Maybe related to the breakdown in the dollar smile?

Clurb