Ki-Don Lee

텍사스 거주, 반도체 회사, UT-Austin Alumnus, SSM 1기.

[Robert Berry @RobertBerrySTL]

The only takeaway for FSU this year is simple. They quit. They didn't get what they wanted. Then they quit.

FSU can spin this how they like. But they quit. Only quitters quit.

GA did not quit. BAMA did not quit last year.

FSU fans are busy excusing the quit. Very sad

[Ki-Don Lee @kidonlee]

@mDW8gRsObxvDDWf @delfoass @gellisen1 M1 - K2 - Leopard2

[Ki-Don Lee @kidonlee]

@mDW8gRsObxvDDWf 이거 러시아가 자주 쓰는 기만 전술 아닌가요? 적 내부를 분열시키고. 실제론 공격전에 시간을 벌거나 일부 부대를 우회시키는
중일지도 모르겠네요.

[Simplified Engineer @inqtelx]

@GRDecter You know it's a catastrophe when Europeans work on weekends

[Genevieve Roch-Decter, CFA @GRDecter]

BREAKING: UBS in talks to buy Credit Suisse. This would be Europe’s most historic banking merger since the 2008 financial crisis.

[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.

[Kristen Ruby @sparklingruby]

@BillAckman @SVB_Financial @jpmorgan @Citi This is the longest tweet I have ever read.

[Ki-Don Lee @kidonlee]

@Bprtch @NatlParkService Don't run in the same direction, run in the other direction

[Ichiro Mizuki @aniki_z]

【水木一郎スタッフより】

いつも応援してくださっているみなさまへ

とても悲しいご報告になり申し訳ございません。命は尽きるとも、歌と魂は不滅だと信じています。

[Elon Musk @elonmusk]

Just leaving Twitter HQ code review

[플루토(Heejung Kim)🎗 @plluto]

- 부고 알림 -

전남편 박형구씨가 11월 9일 사망하였기에 삼가 알려드립니다.

빈소 : 서울 강남 성모병원 장례식장 6호실 (예정)
일시 : 2022년 11월 12일 낮 12시부터 13일 낮 12시까지 (1일장)
발인 : 14일 오전 11시
장지 : 국립 하늘숲 추모원

* 발인일 변경으로 인해 다시 올립니다

[Internal Tech Emails @TechEmails]

Elon Musk on remote work

May 31, 2022

[Scott Bryan @scottygb]

omg our favourite family have returned to bbc world news

[오늘은 또 무슨 일이 @hotissue_gall]

코로나 양성 확인방법

[ㅍㅍㅅㅅ @ppsskr]

누굴까, 시궁창 같던 미국의 우유 유통제도를 바꾼 사람은
https://t.co/F0056jHZsw

시궁창보다 더 구리구리한 미국의 우유 유통제도를 바꾼 사람은 법률가나 의사, 사회운동가가 아니었습니다.

식품 위생 제도를 만들어내고 강제한 사람. 우리는 그의 이름을 ‘알 카포네’라고 부릅니다.

[Thrones Updates @ThronesUpdates]

Behind the scenes of #GameofThrones S8 E3!

Credit: @farfarnugen

[Thrones Updates @ThronesUpdates]

Winterfell Starbucks 😂 #GameOfThrones

[Hiraishi Kai @kaihiraishi]

今年作ったゴム印　#卒論添削

[Thrones Updates @ThronesUpdates]

😂😂 #WorldCup