Watching through a telescope from atop the Citadel, waiting for an opportunity to tell Rictus what to do. All to build a better world, of course.
USA/Hexagon
Joined October 2020
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CorpusColossus retweeted
J’ai entendu dire que la France était finie, qu’il était trop tard pour la sauver.
Mais la France est toujours aussi belle, enviable même. Sa grandeur n’a pas disparu, elle ne demande qu’à renaître.
Nous avons surmonté en un an un problème cent fois plus grave, sans avoir les moyens dont dispose la France.
La France pourrait y arriver en une semaine.
CorpusColossus retweeted
The reason people hate flock cameras is that they know the government will not use them to lock up the insane depraved criminals who will stab you while you walk through Times Square but will instead mail you a ticket for speeding on an empty highway at 2AM.
CorpusColossus retweeted
Just added NDFI exposure to the Dirt Cheap Banks site.
Most investors still analyze banks like it’s 2019: CRE %, NIM, deposit beta, call it a day.
Meanwhile a lot of risk has migrated into lending to non depository financial institutions (fintechs, mortgage shops, specialty lenders, private credit).
Now you can instantly see:
- NDFI loans in dollars
- NDFI as % of total loans
- NDFI as % of tangible equity
- Trendline by quarter
It’s a fast way to spot when a bank quietly shifts into a higher beta loan book, even if headline metrics still look fine.
Use it as a filter, then go read the footnotes.
CorpusColossus retweeted
A game on US bank consolidation 1980-2030 would be fantastic: 20,000 players vie to become nationally dominant or hit 10,000% TSR.
Play solo with tremendous AI or massive multiplayer online once they understand merger accounting. And, of course, the FDIC is the ultimate NPC.
CorpusColossus retweeted
Instead of a poll tax you have to be able to understand the difference between median and mean.
CorpusColossus retweeted
This is your annual reminder that the Mets restructured Bobby Bonilla's contract at a 9% interest rate because they could reinvest the money with Bernie Madoff at 11%+.
CorpusColossus retweeted
Really dishonorable to disgrace a legendary general like Napoleon with a quote from...Joseph Hooker
CorpusColossus retweeted
Because bank supervisors are tasked with insuring compliance of others, they must hold themselves to a high standard. Things like the culture problems at FDIC, the cyber security breach at OCC, and the Fed’s inability to identify account holders raise ?s that should be addressed.
LOOKY HERE @ProfJulieHill--this appeared in the Fed's most recent master account database update (link 👇). Imagine what Fed examiners would rightfully do to a bank that couldn't produce an accurate list of its account holders...🤔
federalreserve.gov/paymentsy…
CorpusColossus retweeted
i've been to three annual meetings. he answers no substantive questions, under the guise that saying anything would be "unfair" to some shareholders over others. in reality he just sees the bank as his own kingdom to do whatever he wants, and answer to nobody
CorpusColossus retweeted
Calling out your Mayor’s incompetence because he is a Cowboys fan is the most Delco thing ever #GoBirds
CorpusColossus retweeted
“The sheer presumptiveness of the U.K. thinking that it has the authority to force Apple to compromise its worldwide userbase is breathtaking. It's 2025, not 1925, something that no one in the U.K. seems to be aware of.”
2-11-2025 ($)
•The U.K. Demands Back Door From Apple
•Elon Musk’s OpenAI Bid
stratechery.com/2025/the-u-k…
CorpusColossus retweeted
Think about this a lot. Kissinger on Trump to the FT in 2018:
« I think Trump may be one of those figures in history who appears from time to time to mark the end of an era and force it to give up its old pretenses. »
CorpusColossus retweeted
Having committees of regulators attempting to assign risk weights to assets of banks across the globe, with varied business models is fundamentally political and does more harm than good. www-nationalreview-com.cdn.a…