Founder & CEO of @MktWealth a boutique Wealth Management firm working w Individuals, Families, Family Foundations. Ole Miss Alum Tweets are not financial advice
BAR OWNER: “You’re OK at making drinks, but are you good at changing the channel on a TV?”
BARTENDER INTERVIEWEE: “I am the literal worst channel changer of all time.”
BAR OWNER: “You start tomorrow.”
Congratulations on kicking the can down the road.
The Mayor’s deficit closing relies primarily on a huge bailout from Albany ($8b over 2 years) and delayed payments like pension costs which just get stretched farther into the future
Apparently ~160 people in Austin, TX may make $100M+ from the SpaceX IPO. 12 will clear $1B.
Don't sleep on Austin - that's a lot of capital formation, very quickly.
BREAKING: Anthropic has agreed to a partnership with SpaceX that will "substantially" increase Claude's compute capacity and increase its usage limits for users.
Under the agreement, Anthropic will use all of the compute capacity at SpaceX's Colossus 1 data center.
This will provide over 300 megawatts of additional capacity by the end of the month.
Another massive AI deal has arrived.
Today, the SBA referred 562,000 borrowers to @USTreasury for collection on $22.2 BILLION in potentially fraudulent pandemic-era loans, marking the LARGEST debt referral in SBA history.
The action ends a yearslong de facto amnesty scheme by the Biden SBA, which refused to refer the portfolio to either Treasury or DOJ, even though the loans were both delinquent and internally flagged for suspected fraud.
Under the protection of the Biden Administration, none of the borrowers were compelled to repay their debts and fewer than 1,000 faced any inquiry from law enforcement until today.
This historic referral would not have been possible without the strong support of the White House Anti-Fraud Task Force. SBA is deeply grateful for the leadership of @VP, @AFergusonFTC, and the partnership of both Treasury and DOJ - which now has the files for review.
At the SBA, we will continue working to claw back every dollar of PPP and COVID EIDL funding owed to American taxpayers. And we will work in lockstep with the Task Force to bring accountability to every criminal who defrauded America’s small businesses.
https://t.co/wh9mwA2dF6
@Chazzym22 Pretty sure it’s the ‘you need to pay your local fire insurance’ 😉. Classic broker vibe for the urban restaurant set. @skylarromines I’m pretty sure it’s a separate “policy” right?