Top Tweets for #LetItFail
@Polymarket As a U.S. taxpayer, thanks but no thanks. Some things just need to be left alone. Flying is a privilege & not a right. I’ve seen too many videos of Spirit riffraff causing trouble…
#LetItFail
Today beggars might say that they reached the moon. But remind them that beggars can't have the moon. Pakistanis are just taken for a ride. #FailedState #Pakistan #China #LetItFail
@ViralNewsNYC Is this the only way NYC can survive the Covid mandates? DeBlasio dancing in Times Square alone like a king with his gross wife? Take federal money for the downfall and mismanagement? Seems like it to me. #burnitdown 🔥 #letitfail
Yes. And in every rejection, we only humbly say,
"Babangon ako't dudurugin ikaw."
Of course, joke (though I still remember all of you 😅).
Ang totoo ngayon, we apply and forget, para no hurt feelings in case of rejection. #LetItFail
Tonight's ep question is:
Trigger warning ⚠️
"Na-reject ka na ba?"
Love? Career? Ng cashier sa order mong thigh part sa Jollibee? Quote RT or reply away! Answer the Q&A on Spotify, too!
🎙️✨ #KwentongCallroomPodcast
Don’t worry if the law doesn’t allow it, we’ll just write a new law. #LetItFail
Rich man pleads for bailout so he can start part of the 3 comma club
What a joke.
#LetItFail #SVBCollapse
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.
Paid $3 for this. Waxy paper cup, tasteless bagged tea I can make at home. When did everything become a burden? @matchinghalf #letitfail #bullshit
“Seventy-five percent of cannabis in California is consumed in the illicit market”
Wait, does that mean that the black market doesn’t go away when you legalize?? Shocker!
https://t.co/Ib8NUrZw8W
The American economy is in the hands of SRO’s and the SEC has ZERO power to stop any of it. These SRO’s have billions and have gone so far as threatening letters to companies stifling free speech … yes I am talking about you @citsecurities …
#LetItFail so we can rebuild it!
#CitadelScandal
I'm not lawyer but smell a rat...so I have former SEC Branch Chief @LisaBraganca on "Making Money" today 2PM Fox Business.
Also, asking about the constitutionality of powerful Self Regulating Organizations (SROs) and update on SEC levelling playing field.
RT
No refunds without a bailout, Air Canada executive says https://t.co/578MsyHrCA
People who have other health issues than cv are also devastated
#LetItFail
A story of scope creep and over engineering... #letitfail
If you travel to Stockholm, be sure to visit the Vasa Museum. It It chronicles the story of a Swedish warship that sank soon after launch because politicians ignored the warnings of scientists. A fascinating, infuriating tale of spectacular failure.
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