Recent content by red butler

To me, it looked like we were in cover 3 and Brooks had responsibility for the curl/flat. So he was right where he was supposed to be. Maybe the lucky comment was because the QB didn’t throw the seam. Of course, to throw the seam you have to be on time and have a strong arm or you’re in...

It seems like a good rule to me to protect the catcher. Since the pitcher didn’t step off, the batter has to have the ability to swing. If the catcher is standing over the plate it could lead to a disaster.

I don’t know why any coach would consider the Michigan State job. The contract isn’t worth the paper it’s written on if all it takes to be fired for cause, is a suspicious sexual harassment accusation. Frankly, if I were employed at that school in any capacity I’d be looking elsewhere .

To be fair, conspiracy theorists are hitting for a pretty decent average lately; while the US government and MSM are struggling to make contact. They should have been sent down for a rehab assignment a long time ago.

Eerily similar to the train thing where they find something to blame Trump that didn’t have any relevance to the disaster just to see if it sticks.

I saw a news segment where the bank would have passed the stress test anyway. So the deregulation didn’t have an effect.

Thanks. Did not know that. They do look pretty stupid and I learned something today.

The same thing all the other banks were looking at. The federal reserve suppressing interest rates while telling everyone inflation was non-existent, then transitory, then out of control so we have to jack up interest rates.

As did Signature Bank and possibly Credit Suisse. We'll see how many more as this unfolds.

I don't disagree on the bolded and I really don't want to defend a bank (I loathe the fractional reserve banking system). I just think it's a red herring to paint the executives as idiots, when the issue is likely systemic.

I don't know why anybody would by a 20 year bond at low interest. That never made sense to me. Are banks limited on what they can invest in though?

The majority of the long term assets were bought at the height of the venture capital tech bubble in 2020/2021. Remember, the Fed was still telling everyone there was not inflation risk or worst case it was transitory. As the bubble deflated, they tried to increase liquidity by selling off the...

What should they have used to hedge against the interest rate increases?

I'm thinking the same. They locked in low long term interest rates in the middle of a giant money bubble... now that the money is tightening - they're all screwed.

Did they really take their eye off the ball... or is it possible that all banks are in the same situation? From what I've seen, the main driver for SVB's failure is it took massive losses in US Treasuries. US Treasuries are supposed to be the lowest risk investment you can possibly make. All...