Steven Cima

Trying to elevate small talk to medium talk

[San Francisco 49ers @49ers]

A little something for the best fans in the world!

RT for your chance to win a CMC signed mini helmet. No purchase necessary. Official rules: https://t.co/Jhxa169vBX

[Steve Hilton For Governor @TeamSteveHilton]

Out of all 50 states, California has the highest:

- poverty rate
- housing costs
- unemployment rate
- gas prices

This is all thanks to Democratic politicians who are valuing ideology over reality.

[Michael Shellenberger @shellenberger]

Many Democrats want to replace Biden with California Gov. Gavin Newsom. Doing so would be a disaster for the nation. Please consider these three key facts, and watch the video below for an overview:

1. Newsom's policies led directly to homelessness increasing by 31% in California, even as it decreased by 18% in the rest of the US from 2010-2020. Homelessness increased another 7.5% between 2022 and 2023.

2. Newsom's policies led directly to skyrocketing crime. One out of four San Francisco residents polled say they were a victim of crime in the last year, and 42% say they were a victim more than once.

3. Rising crime and homelessness, high taxes, and unaffordable housing under Newsom has resulted in people fleeing the state. The state's total population declined by 573,000 from its peak in 2020.

I have interviewed hundreds of homeless people in California. Many, if not most, are from out of state. Many said they came to California so they could be paid to use hard drugs, in many cases to self-medicate severe mental illness. And many are assaulted and left to die, resulting in far higher rates of drug death than other parts of the nation.

Don't believe the hype: Newsom is not compassionate. He only cares about himself, and his policies result in grotesque cruelty.

[Wall Street Mav @WallStreetMav]

Year 16 of Newsom's 10 year plan to end homelessness & $24 BILLION dollars later.

Gavin Newsom's Homeless Industrial Complex has made his donors very rich.

According to a new state audit, California has failed to track the $$$ of its BILLION-DOLLAR spending on homelessness programs.

🚨🚨🚨

[AC Milan @acmilan]

What is a kilometer?! 🤪🇺🇸

#MilanEmpoli #SempreMilan

[Glenn Greenwald @ggreenwald]

Congrats to this very bipartisan group of Congress members who continue to exhibit their incredible skill at buying and selling stocks to enrich themselves above the market!

They're all like Nancy Pelosi: a magician's touch.

Kudos to @unusual_whales for this great reporting:

[USC Football ✌️ @uscfb]

RT to win a signed @DrakeLondon_ mini helmet and help send him to the Pro Bowl! ✌️🔥

Must follow @uscfb and @AtlantaFalcons to win!

@DrakeLondon_ + #ProBowlVote
@DrakeLondon_ + #ProBowlVote
@DrakeLondon_ + #ProBowlVote
@DrakeLondon_ + #ProBowlVote
@DrakeLondon_ + #ProBowlVote

[USC Football ✌️ @uscfb]

If this reaches 1500 RTs, we’ll giveaway an @amonra_stbrown x @Lions jersey 👀

RT to help him with the #ProBowlVote ‼️✌️🔥

@amonra_stbrown + #ProBowlVote 
@amonra_stbrown + #ProBowlVote 
@amonra_stbrown + #ProBowlVote 
@amonra_stbrown + #ProBowlVote

[San Francisco 49ers @49ers]

Saint Nick is giving away a pair of signed cleats!

RT for a chance to win.

#ProBowlVote + Nick Bosa

No purchase necessary. Rules: https://t.co/aFrsQqHVkL

[Deebo @19problemz]

Happy holidays Niners fam!

RT for a chance to win an autographed jersey from me

#ProBowlVote Deebo Samuel

[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.

[Bond @joinbond]

We heard people like our giveaways, so let's do another one.

For every touchdown during the #SuperBowl, we'll pick 1 person who RTs this to get a free token of music ownership.

Winners will be announced tomorrow.

[Alex Clancy @ClancysCorner]

Ideal scenario for the Arizona Cardinals could be a Stefon Diggs to Buffalo package lite: Trade WR for late first-rounder and use pick to draft WR.

Jordan Addison out of USC would be a great complement to Hollywood Brown and could be had in the second half of the first round.

[SportsCenter @SportsCenter]

THE HEISMAN TROPHY HAS A NEW HOME‼️

Caleb Williams takes home the hardware 👏

[Metallica @Metallica]

⚠️ NEW METALLICA SONG ⚠️ NEW METALLICA ALBUM ⚠️ NEW METALLICA TOUR ⚠️

[Alex Clancy @ClancysCorner]

If Michael Bidwill truly wants to win, he'll fire Steve Keim and Kliff Kingsbury, hire Sean Payton, and give Sean Payton all controlling power over the team he wants.

It's time for a change in the desert.

[RedditCFB @RedditCFB]

A USC v. LSU “Money really can buy happiness” CFP Final would be a lot of fun.

[Alex Clancy @ClancysCorner]

Reminder:

If the offense isn't the strength of the Arizona Cardinals, why is Kliff Kingsbury here?

[Pete Gilligan @petegilligan]

young people—the most important demographic, especially for building companies—are fleeing SF in droves (20% of all 25-29, 15% of all 20-24 v 7% overall population loss) https://t.co/TOLgyTzTd9