Alexander Rodriguez

Commercial Real Estate broker

[Alexander Rodriguez @Alexander_CRE]

@AmericanAir Assistance would’ve been nice 7 hours ago. I could’ve boarded my flight & luggage could’ve been sent on next flight, so I wouldn’t be late to my meeting. As if #AmericanAir never winds up sending luggage on another flight. Complete failure…could’ve been an easy fix.

[Alexander Rodriguez @Alexander_CRE]

@AmericanAir I’m sure ChatGPT would be very proud of this response. Next time tell the AI bot to try to be a bit more human, instead of just spewing the small print.

[Bill Ackman @BillAckman]

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

[Alexander Rodriguez @Alexander_CRE]

BTW @kilmeade …I’m fairly certain I may have come up with the title for the old show @DanaPerino did: “The Daily Briefing”. Check the tape on my tweet from April 18, 2017. I just might have a knack for this sort of thing. Wishing continued success to you both.

[Alexander Rodriguez @Alexander_CRE]

An idea for @kilmeade regarding his new show on @FoxNews : Nightly Newsfeed w/ Brian Kilmeade

[Marco Rubio @marcorubio]

And then there were 5

The fifth high ranking regime official in #Cuba to die in the last 9 days.

[Alexander Rodriguez @Alexander_CRE]

@KatTimpf @Boomieleaks Hey @KatTimpf, it coulda been worse; they could’ve posted video from their medical procedures a few weeks ago in March, for Colon Cancer Awareness month 😬

[Alexander Rodriguez @Alexander_CRE]

We’ll be discussing “📍 Leasing Forecast - Preparing for the Retail Resurgence 📈” with Tanya Hlinka, @VGRealEstateNC, Veronique Collin, @Bethazor1, @briancperry, @AshlinDebbie, and Terri King. Tomorrow, Mar 11 at 1:00 PM PST on @joinclubhouse. Join us! https://t.co/EzQ8xT2Vka

[Alexander Rodriguez @Alexander_CRE]

@ritzyveins It’s comforting to know that racism/slavery did not exist in the Old World. In places such as ancient Egypt, China, Rome, Greece, and countless other Pre-Columbian civilizations; for ethnic, warring, economic, and other reasons. 😉

[Alexander Rodriguez @Alexander_CRE]

@ritzyveins Well played...well played.

[Alexander Rodriguez @Alexander_CRE]

@LPGA @LPGAGirlsGolf @reynoldsgolf That awesome....great job Ophelia !!!!!!

[Alexander Rodriguez @Alexander_CRE]

@ritzyveins ...and now she wants an apology from the salon owner, for being “set up”. For some reason this reminds me of DC Mayor Marion Barry’s arrest in 1990.

[Alexander Rodriguez @Alexander_CRE]

@ritzyveins Must be how the mask brings out those baby blues.

[Alexander Rodriguez @Alexander_CRE]

@BretBaier @JoeBiden @DNC $50 on Kamala, $15 on Atlanta Mayor Keisha Lance Bottoms, $15 on Tammy Duckworth, $10 on Amy Klobachar,, and my dark horse pick...$10 on the Love Gov. Andrew Cuomo. I know Biden promised to take a gal to the dance...but hey, it is the 21st century 😉.

[Alexander Rodriguez @Alexander_CRE]

@RyanHoliday @dailystoic Just read today’s entry moments ago, very appropriate for today...literally & figuratively. BTW, I’ve purchased & given away this book to various friends, might have to start buying in bulk to get a discount 😉. Thx for putting out some great books, wishing you continued success.

[Alexander Rodriguez @Alexander_CRE]

Finished your Hamilton book @jeffwilser, it’s a serious page turner. Realized I’m 2 days shy of Hamilton’s exact age at death. Gotta steer clear of any duels this week, or perhaps since I live in LA, any road rage incidents on the 405; that is, unless it’s a question of honor.

[Alexander Rodriguez @Alexander_CRE]

@GamebredFighter #Recuerdo Mezcal captions: “Resurrect Your Game” - “Make it a Night to Remember” - “Never Forget Where You Came From, & be Unstoppable to Where You’re Going” - “In Your Back Yard or at MSG...the drink to Remember” - and end the caption with “...crotch magnet sold separately”

[Alexander Rodriguez @Alexander_CRE]

Jorge Masvidal in Scarface - DeepFake [FacePlant] https://t.co/K6wocK2tyT via @YouTube. @GamebredFighter can’t believe I hadn’t seen this before! #supernecessary

[Alexander Rodriguez @Alexander_CRE]

@GamebredFighter Dale duro @GamebredFighter ...you’ve put in your dues, it’s your time bro! Do what’s right for you & your family, keep bringing that pure violence. Tu gente está contigo! #SuperNecessary #BMFtitle #UFCtitlefight #caneloVSmasvidal