favflam

11 ms·

121.
by favflam 4y ago
There is a campaign finance charge. The bankruptcy guy has to trace the money flows to political campaigns. Judging from his House testimony, this will take several months. I suspect the pressure will be immense to return funds once the do
122.
by favflam 4y ago
The line after that contains "conspirators known and unknown". So, the US SDNY has already decided to charge some people. And the US SDNY is going to charge some other people, but they are not aware of their identity. RICO is fo
123.
by favflam 4y ago
1. Someone took a picture of her in a coffee shop down the street from the Manhattan FBI/US attorney office a few weeks ago (last week?). She is supposed to be in Hong Kong as that is where she was based. 2. BBG news article recently
124.
by favflam 4y ago
I think US cloud companies got a huge boost when ISPs in the US handicapped users with NAT and asymmetric download speeds. You basically are forced to use a middle-man to serve to the internet. With IPV6, anyone anywhere can be a host agai
125.
by favflam 4y ago
I bet Americans, especially those <30yrs old, will appreciate having a sub 600 USD a month apartment in a big city with no parking, shared kitchen, and share bathroom. Because the alternative is having a roommate and paying 1000 USD+.
126.
by favflam 4y ago
Twitter thread ( https://twitter.com/autismcapital/status/1599466158893432832... ) seems to show Caroline (head of Alameda) a short walk from the US attorney's office in Manhattan. I speculate that his arrest i
127.
by favflam 4y ago
It is less about a packed calendar and more about being able to say yes to spontaneous invites. Friend, “Hey man, I’m at the coffee shop. Want to join me?” Me, “ya, sure. Be there in 15min.” No prep, and no money spent (well, maybe a tr
128.
by favflam 4y ago
I moved to a city. One reason was that the car-dominated suburbs makes it reaaaally hard to make friends. Time from getting out of bed to meeting someone is like 30-45minutes, and I have to spend money. In the city,it is more like 15 min
129.
by favflam 4y ago
Oh yes, I forgot the audit also has to prevent leakage of national secrets.
130.
by favflam 4y ago
1.5 million people are employed directly by the Pentagon (fact check me plz). Trillions??? in capital assets (planes, boats, ??). 750 installations globally plus deeply integrated relationships with multiple allies (military and fiscal). A
131.
by favflam 4y ago
I wonder if their trading models include credit risk.
132.
by favflam 4y ago
Maybe ftx.us and ftx.com (international) were only segregated on paper, but not in practical fact. I posit that there were many US customers of ftx.com whose funds were stolen. This means SBF is criminally liable and the DOJ can put him in
133.
by favflam 4y ago
Asset heavy. The computer systems to run one are expensive. Compliance is expensive. Your return on assets are probably lower than 5% in a regulated market. If you don't take extra risks to spruce up returns, you lose money.
134.
by favflam 4y ago
Maybe fintech is out, but manufacturing is in? Fintech is sensitive to interest rates. Manufacturing and anyone with fixed capacity get fatter profit margins from inflation (energy, etc).
135.
by favflam 4y ago
For crypto, I think it has to be "code as law". Otherwise, what is the point. People will be better off depositing their funds in a brokerage and trading that way. Trading and settlement have to be merged to get the benefits fr
136.
by favflam 4y ago
He did a manual wing sweep on the Tomcat to pull up and force an overshoot of the Sukhoi. Growling Sidewinder on youtube says that is a Cobra.
137.
by favflam 4y ago
My suggestions and implication of the suggestion is that companies will split themselves before they reach this level. Anti trust if you will. If no anti trust, then become a federal agency.
138.
by favflam 4y ago
Better Congress that operates under the US constitutions and bi-annual elections than shareholders, no? I don’t want to put words in your mouth, so correct me if I am wrong. You are saying that shareholders ought to hold this immense power
139.
by favflam 4y ago
I think the Chinese have something to teach us. Basically, once a social network surpasses say, 20M users, it becomes a defacto political entity, with the power to move elections. Given this immense power, the government should regulate ac
140.
by favflam 4y ago
Respectfully speaking, if someone made those quotes while at a bar after drinking 4 tequila shots, we would laugh our buttocks off to share in the humor. If someone from Roche or some pharmaceutical company came to an investor call with a p
141.
by favflam 4y ago
What about when you sit on the toilet and look at the stall door, then see a bunch of buggers stuck on the door?
142.
by favflam 4y ago
The middle class in America was only cash flow positive in the 1950s-1970s. And the story of a shoe shine boy working his way up to head of a brokerage doesn't exist anymore since university degrees act as gate keepers. I guess IT, if
143.
by favflam 4y ago
If the government spends money on capacity increases, then inflation will go down, no? Labor is tight, but once production is up the supply curve shifts and prices start going down.
144.
by favflam 4y ago
The issue is your defining the community arbitrarily to be people in some city limit. Others including myself are defining community to be the homeless, workers who would like to be residents, but live outside the city limit, and employers
145.
by favflam 4y ago
Life, liberty, and the pursuit of happiness. The government fails in its mission if it lets a handful of people hold the most valuable land hostage. At least Nimbys should pay much higher property taxes to make up for the economic damage t
146.
by favflam 4y ago
I would like to add details on the externalized costs of SUVs. The damage to roads scales O(n^3) by vehicle mass. The death rates have already been spoken for. The space taken by SUVs on roads and parking is subsidized by people who drive s
147.
by favflam 4y ago
These guys were operating in the US as a fake bank, without getting a bank charter? So, it is ok to take deposits, mislead depositors into thinking said deposits are FDIC insured, and invest deposits into unsecured loans? How is this not ja
148.
by favflam 4y ago
There are some 1000 year old companies in Japan.
149.
by favflam 4y ago
I saw an internal marketing pitch for Alameda somewhere on twitter. It appears that SBF made the decision to be delta neutral with respect to crypto-currencies. So, FTX/Alameda were cashing out into USD when crypto reached ATHs while
150.
by favflam 4y ago
Mass is mass. Space is space. SUVs take up space, killing government's return on asset when building transportation infrastructure. Energy still has to be produced to physically move 3t+ of mass around. And typically, SUVs only carry

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