@ThinkAppraiser I do acquisition for a guy that had similar situation. Comm. LOC for nearly a decade. 500+ transactions, can count on one hand the number of deals that “lost” money. Bank easily made 7 fig in interest. Got bought out and new bank unsure if they’ll renew. New bank hates free money
@TomcatJunkie When you get past “me and my homies get to fight commies” and actually think about the reality of it and have the moment of “oh..there’s no hospital..or running water..or food..or electricity..or police..or fire dept..”
“There is no political solution”. You should pray there is.
There's a way to make a 1000x return on fraud prevention, @Chamath, but it's not through the bond market.
The False Claims Act (qui tam) says anyone who uncovers fraud can sue the fraudster on behalf of the government, and keep 15-30% of the recovery.
On a billion-dollar fraud, that's $150M+ for a private whistleblower. My startup, @AntifraudCo, does this on a repeatable basis. We have some fixed costs (salaries, tech, rent), but amortized over each case we file, we easily get a 1000x return on investment.
@AntifraudCo is essentially a decentralized, private-sector capitalist DOGE that has unparalleled margins & ROI, while also doing social good.
Lady stumbles on something pretty common among men; interests in Ancient History. Husband watches YouTube videos on niche ancient civilizations and she links it to his random general knowledge that frequently mesmerizes women.