Is MWL still cunting it up on 18?

American Underdog: The Trent Green Story

[Spencer Pratt @spencerpratt]

This is how politicians and their families launder money. Nobody wants a book from Dr Biden. But some commie NGO that got taxpayer money from the admin can’t pay the kickback with a check. So they buy 100K books and burn em. The one-time bulk buy charts it for a week, then 💨

[Justin Rose is classy? @JalenHurts4Prez]

Bad guy

[Is MWL still cunting it up on 18? @scheermeroar]

@leadlagreport Leveraged loan (the most analogous product) default rates peaked at 10-12%.

UBS set 15% as their most onerous default scenario and that forecast is higher than anyone else’s.

You’re either completely disingenuous or statistically illiterate.

[Is MWL still cunting it up on 18? @scheermeroar]

Oh yeah, big time

[Is MWL still cunting it up on 18? @scheermeroar]

Yes!!!

[Is MWL still cunting it up on 18? @scheermeroar]

I agree!

[Tron Carter @TronCarterNLU]

Rancid stuff from Min Woo Lee this evening. Utterly unbecoming. Can’t have it.

[Is MWL still cunting it up on 18? @scheermeroar]

Yes.

[Justin Rose is classy? @JalenHurts4Prez]

Min Woo Lee is a bad guy

[Is MWL still cunting it up on 18? @scheermeroar]

Who knows, maybe a guy?

[MLFootball @MLFootball]

🚨🚨THIS IS WILD🚨🚨

#Patriots HC Mike Vrabel spoke with Jarrett Stidham’s agent in free agency and the agent’s message was if you don’t want your starting quarterback to get hurt you should sign Jarrett.

“I think he sees things really well.”

😳😳😳https://t.co/cJ4orDVvwV

[Is MWL still cunting it up on 18? @scheermeroar]

@BaileyCarlin Aura farming fascist

[Is MWL still cunting it up on 18? @scheermeroar]

@brandonmoretz @Marco_112358 @PFDigest I’m telling you what the market is underwriting to, on average.

Lack of financial covenants is nothing new.

You’re simultaneously saying you don’t know and saying vague scary stuff, and not engaging on clarifications.

[Is MWL still cunting it up on 18? @scheermeroar]

@brandonmoretz @Marco_112358 @PFDigest I’m telling you, CLOs are very flow now. That’s why SRT does exist. SRT market is much more flexible and will do things that don’t fit in CLO

[Is MWL still cunting it up on 18? @scheermeroar]

@brandonmoretz @Marco_112358 @PFDigest But even then, they’d still attach at ~4x EBITDA on the underlying portfolio

[Is MWL still cunting it up on 18? @scheermeroar]

@brandonmoretz @Marco_112358 @PFDigest The only thing I’d say is it’s possible they’re taking out significant (up to ~10x) leverage through repo agreements of the CLO AAA, which I believe they could do while calling the fund unlevered

I don’t know, maybe you have more info than I do there