"Before 2010, institutional landlords didn’t exist in the single-family-rental market; now there are 25 to 30 of them…"
True oversight would have prevented this and the negative consequences that followed. Capitalism has always been with trade-offs, and putting some limits on home ownership by non-owner occupants seems in the best interest of individuals and our economic system. It ain't capitalism for sure, but at least it's not crony-capitalism.
the SVN quote also describes the basic ingredient to build a ponzi scheme or cult so I would hope that the change in legislation regarding personal liabilities in upper management in case of serious misconduct comes biting them back heavily - but let's face it: it's more likely that AZ will become a tropical lush green paradise than that the legislation would consider doing its job and using SVB to exemplify their intended usage of said laws...
“It turned out that one of the biggest risks to our business model was catering to a very tightly knit group of investors who exhibit herd-like mentalities,” said a senior executive at the [Silicon Valley] bank. “I mean, doesn’t that sound like a bank run waiting to happen?”
“They went for an extra [0.4 percentage points] of yield and blew up the bank”
— Bulls and Bears make money and Pigs get slaughtered
Rudy, for critiques of consensus politics and culture consider commenting on essays by Kevin D. Williamson as they seem well-backed by logic and evidence.
For me, the free speech issue is central - core to all other issues. War is another existential topic. Then again, there are many topics I could comment on, but that doesn't mean I should or want to. There are many political commentators out there. I just do what I do and go wherever I go.
"Before 2010, institutional landlords didn’t exist in the single-family-rental market; now there are 25 to 30 of them…"
True oversight would have prevented this and the negative consequences that followed. Capitalism has always been with trade-offs, and putting some limits on home ownership by non-owner occupants seems in the best interest of individuals and our economic system. It ain't capitalism for sure, but at least it's not crony-capitalism.
the SVN quote also describes the basic ingredient to build a ponzi scheme or cult so I would hope that the change in legislation regarding personal liabilities in upper management in case of serious misconduct comes biting them back heavily - but let's face it: it's more likely that AZ will become a tropical lush green paradise than that the legislation would consider doing its job and using SVB to exemplify their intended usage of said laws...
“It turned out that one of the biggest risks to our business model was catering to a very tightly knit group of investors who exhibit herd-like mentalities,” said a senior executive at the [Silicon Valley] bank. “I mean, doesn’t that sound like a bank run waiting to happen?”
“They went for an extra [0.4 percentage points] of yield and blew up the bank”
— Bulls and Bears make money and Pigs get slaughtered
Good one Rudy! We all survived another week!
https://youtu.be/dqZ6yrWEmGo
Oh snap! "Larry and Sheryl Do Lanzhou" Priceless. : )
Rudy, for critiques of consensus politics and culture consider commenting on essays by Kevin D. Williamson as they seem well-backed by logic and evidence.
E.g.,"The Washington Post Misfires—Again. Its series on the AR-15 is error-ridden propaganda.”https://thedispatch.com/article/the-washington-post-misfires-again/
For me, the free speech issue is central - core to all other issues. War is another existential topic. Then again, there are many topics I could comment on, but that doesn't mean I should or want to. There are many political commentators out there. I just do what I do and go wherever I go.
Excellent reply. Thanks.
Boards of those banks should have all compensation clawed back and be prevented from ever serving on a board again. Or defenestrated.