THINK.
584 posts

THINK.
@hardpath2
just getting some thoughts out there — nothing I say is financial advice — love you all


$SOFI The biggest problem that could come for Sofi isnt investors... its depositors. They have enough liquidity to weather some withdrawals, but not if there is a cascade. If depositors pull their money out of Sofi. They would be hit with a bank run. The Loans they have on the balance sheet would then have to be liquidated and Im not sure what they would be worth mark to market. Interesting development to say the least... At least Sofi has been smart enough to dilute shareholders at an attractive price and raise capital before something like this showed up. Though I doubt Sofi will be able to maintain a 45 PE ratio... when JP Morgan, a supestar, trades at 12-15 and the rest trade at 10. The biggest problem that I see in all of this is the accusation of manipulating charge offs via sale of loans and financing the buyers of those same loans... Havent read the Sofi reply yet but man this is getting interesting.



None of my friends/groupchats have had any March Madness banter yet. The tournament is starting to move towards that Kentucky Derby level where people are excited about the pageantry of the event but there aren’t any stars or storylines.










Harrison Barnes missed Tuesday night's game because he woke up from a pregame nap with a sore left ankle (via @APNews) It's the first time Barnes has missed a game since 2021, ending a streak of 364 consecutive games

The worst ten teams in the league are now on a combined 44 game losing streak.




















