As the Congressional hearing on @Boeing continues, remembering the Pulitzer Prize winning coverage yrs ago of the company’s safety problems by my former @USATODAY colleague @byronacohido. Deja vu Byron?
Kathy Chu retweeted
🚨CIRCLE HELD UNDISCLOSED SUM AT SILICON VALLEY BANK.
AS OF LAST ATTESTATION, $11.4 BILLION RESERVES WERE IN CASH.
On the #CryptoDeFined broadcast this wk, we spoke with @AlderLaneEggs’ Marc Cohodes about #Silvergate $SI, #Signature Bank $SBNY —and what sets off his lie detector. Read tweet 🧵⬇️ then watch replay on f.chat/8xSL or our new YT channel: bit.ly/3F5tiry 1/
Regulators are clearly dropping the ball given the #Silvergate collapse, said @AlderLaneEggs. “The #FDIC and the #OCV need to look into the mirror and see who exactly was examining this bank and how this bank was allowed to go on for as long as it did,” he said. 14/
What’s @AlderLaneEggs’ biggest mistake in investing predictions? “I’m wrong on stocks a lot. I’m wrong on timing of stocks. I’m wrong on how things play out, could take longer than I think.” But, he says, “I’m never wrong on fundamentals when I short a stock, never.” 18/
Hear more of @AlderLaneEggs’ unvarnished assessments of #Silvergate $SI, #Signature Bank $SBNY — and what’s next in #crypto — at f.chat/8xSL or our new YT channel: bit.ly/3F5tiry 19/