whatok

9 ms·

31.
by whatok 6y ago
Summer is traditionally quieter since people are on vacation; still kinda holds true now. With S-1s out this week, you have more than enough time for the grunt work to be done before people are back in the office after Labor Day. I'm s
32.
by whatok 6y ago
What's your point? This isn't a mortgage. Mortgages are much more standardized and don't involve as many parties. Everyone involved with a corporate loan is going to want to have a discussion if there are unscheduled prepayme
33.
by whatok 6y ago
Yes, they are independent events involving different parties but that does not matter for Brigade's purpose. By making the incorrect payment, there is a non-zero chance that Brigade will have 175mm that previously did not exist. If the
34.
by whatok 6y ago
There's a lot of comments in here saying that it was the amount Brigade was owed so they probably just thought it was prepayment. There is no chance on earth prepayment of a loan was made without any sort of communication beforehand.
35.
by whatok 6y ago
https://theoutline.com/post/1528/this-pizza-billboard-used-f...
36.
by whatok 6y ago
Robinhood cannot easily expand its product base because a majority of their current revenue is from selling order flow. Most of the products you listed as well as other seemingly easy to offer products are going to be tough to sell to someo
37.
by whatok 6y ago
The 2000XL is nearly 25 years old. No idea how recently you tried one but I can see someone familiar/comfortable with some sort of DAW workflow not being able to easily adjust to one. Just sample load time or dealing with floppies (or
38.
by whatok 6y ago
Ah, that's right. I would have expected a refresh of that by now but the company has gone in a different direction with lower priced devices so who knows.
39.
by whatok 6y ago
The VST integration is called Overbridge [0] and is available for all of the modern non-Model Elektron hardware. I understand the appeal for display options but to me besides sound, the whole point of hardware (especially drum machines) is
40.
by whatok 6y ago
Outdoor dining is a bandaid fix that does not work for all restaurants. Several of the restaurants in my neighborhood that actually have decent sidewalk space are probably serving 50% of what indoor dining would have been. Even with saving
41.
by whatok 6y ago
Meanwhile, DeBlasio was encouraging people to see movies while SF Mayor Breed was actually prepared [0] City Council chair of the Health Committee was encouraging Chinese New Year's crowds [1] [0] https://www.sfgate.com&#x2F
42.
by whatok 6y ago
VaR is a fake number for way too many reasons to get into and anyone who paid attention to VaR these past few months would have lost a ridiculous amount of money. I only have experience working for hedge funds and how risk is managed greatl
43.
by whatok 6y ago
Agree with a majority of this. US bank balance sheets are in a whole different universe than they were during the last crisis. CLOs are not only a minuscule portion of their holdings but they also hold a tiny percentage of outstanding CLOs.
44.
by whatok 6y ago
> That means that investors' internal risk limits are the binding constraint, not repo haircuts. While part of risk, expected return is a larger binding constraint in most cases over risk limits. I'm probably not going to lever
45.
by whatok 6y ago
Reserve requirements != capital requirements. Reserve requirements are vs deposits, capital requirements are vs balance sheet items. Big difference between the two.
46.
by whatok 6y ago
> The rules about comedy don't apply to professional comedians, because you know if they break them they're still trying to funny. This was the original notion that I was disagreeing with. If you can't think of a single co
47.
by whatok 6y ago
Cov-lite loans are at the largest percentage of issuance of all-time. 30-40% with a complete lack of meaningful covenants in a lot of cases is wishful thinking. Additionally, what's new about this cycle is tech companies being a massiv
48.
by whatok 6y ago
> Who has been fired for 'one off remarks'? Google "comedians fired social media" or "comedians fired old material". If not one-off remarks then a tiny percentage of overall material. > Older work getting
49.
by whatok 6y ago
Name one notable comedian who has made their career from solely "punching down" and not from being genuinely funny. This is a borderline non-existent problem that has its own self-filtering mechanism; no one is going to pay money
50.
by whatok 6y ago
> The rules about comedy don't apply to professional comedians, because you know if they break them they're still trying to funny. I don't think this is true in the modern age. Countless non-established or up and coming co
51.
Facebook removes The Specials page 'over skinhead links'(bbc.com)
1 points by whatok 6y ago|0 comments
52.
by whatok 6y ago
Yes, that's correct. In his case, specific quotes were selectively disclosed and context on his overall point (whether you agree with it or not) was completely lost in the process. Most modern successful comedians are not known for one
53.
by whatok 6y ago
"Punching up" is a rather new guideline of comedy touted within specific groups and hardly an agreed upon "basic rule". While standards have changed over the years and deplatforming happens much faster now, unless you w
54.
by whatok 6y ago
I truly believe that it emerged as a bureaucratic screw-up and can see how it evolved to its current state. I think it makes sense that they have a certification process for primary issuance and given CARES act strings attached, I can see h
55.
by whatok 6y ago
> First, I think you're missing a "not" in your second sentence? Yes, thank you for pointing out. > The certifications are an interesting additional detail that I wasn't aware of. So if I understand correctly, the
56.
by whatok 6y ago
> If no one wants to sell to the Fed, why do they need a certification? I don't understand your first question. The certification process covers both primary and secondary purchases. The Fed's terms for primary purchases are pr
57.
by whatok 6y ago
They’re quite different for the purposes of this facility and really trading in general. As I mentioned a few times here, the Fed is requiring individual issuer certification for bond purchases. They have not had any issuers certify yet so
58.
by whatok 6y ago
Your post says that they’re not buying bonds because ETFs are a better option. That’s exactly true and ETF purchases are not the main goal of the facility. There is way more capital allocated towards primary and secondary bond purchases tha
59.
by whatok 6y ago
A very small portion of pension or 401k plans are held in these ETFs. Pension funds invest in and 401k plans do offer mutual funds that have the same or similar benchmarks that these ETFs have so these facilities have helped to stabilize th
60.
by whatok 6y ago
> Admittedly, Congress—most specifically the Senate—is asleep at the switch, but that's not the Fed’s fault. It absolutely is the Fed's fault. We are still paying for the sins of the GFC and Fed policy has enabled Congressional

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