Paul the Impaler Volcker

@twallyweb Think about all the GDP tied to public benefits given to construction workers' families. That's like a 4:1 growth multiple. Think about the property taxes. Think about the teachers union. Oh yeah, isn't Utah shrinking now? 😬😒

SLC Multifamily is so confusing right now. 7,700 units getting leased up 4,500 getting delivered this year 3,000 currently under construction Another 12,900 in planning (!!!!!!) How do we possibly grow out of this?

@cate_long @federalreserve @SecScottBessent I've been offered bank positions with the lure of CCO roles and every time, my personal due diligence finds the same stories. Including banks referring out deals that became high profiled frauds here in Southern California, but retaining loans without even PG's to key principles.

@cate_long @federalreserve @SecScottBessent Insider loans at banks get just as much scrutiny as PE credit deals. Actually less. The only difference is the administrative skills for portfolio managers - instead of mark to model valuation, there's plausible deniability loan files. After reviewing literally over 1,200 asset/1

The @federalreserve presents their reform measures which will reduce small bank capital requirements (<$100 billion of assets) the greatest amount (-7.8%). This is exactly the type of reform promised by @SecScottBessent and most the beneficial to growing the economy. ft.com/content/5282dc…

@cate_long @federalreserve @SecScottBessent files during and post GFC, the Modus Operandi was evident - out of curiosity I reviewed the 2023 US v Trump case for financial fraud and those financial statements, with knowledge of some asset values. Every Family Office must teach the tactics. /2

@SenecaSpeaks21 California Rising is part of the CHIRLA Coalition of California state subsidized groups with the stated goal of removing all immigration controls, supporting violence and coordination with the Cartels. They celebrate 'taking California back for Mexico ' in rallies chanting hate

All the "Risings" NGOs are CCP and Soros $$ opps.

@xtineey29 Good luck with that 😂

I have a listing in Eastside Costa Mesa asking $2.95M. (A 2,500 sf home on an 8,450 sf lot.) Agent texts me saying he wants the house but wants to offer $2.2M, non negotiable. Sir, I’ll be buying this house way before you will if the seller was even REMOTELY close to that price.

@KATYSaccitizen Jennifer Newsome, ms #MeToo for Harvey Weinstein backs her 100%- sure opportunists run together

A few thoughts - I covered thousands of non-union farm workers for 15 years, who the UFW was trying to force unionization on. It's been an open secret that Cesar Chavez was a serial womanizer. Dolores Huerta has been a card-carrying UFW zealot and opportunist for decades. If this is true, why didn't she reveal this when Chavez died in 1993, 33 years ago? And wasn't Richard Chavez, Cesar Chavez's brother father of her four children, her long-term partner? The timing is suspect, and that the story was fed to the NYT even more suspect. I smell a big ugly rat. Something isn't as it seems...

@Dapper_Det @KTLA They refuse to report Hispanic crimes

🚨BREAKING: Liberal mainstream media @KTLA deliberately omitting the key facts that the “person” who kidnapped a 12-year-old and 16-year-old girl in Los Angeles is a HISPANIC MALE with limited English and his tattoos included readily identifiable as gang related. ILLEGAL ALIEN.

@SinaiLawFirm There's plenty of vacancies - especially in the new construction. Projects are on a slow complete schedule because rents are dropping. But good job lobbying!

Affordable housing makes Santa Monica unaffordable. How? It's $960k/unit to build. Only select few can live there: Boomers Homeless Fire victims(???) People with income <60% AMI Making more? Tough shit. Pay full price.

@LindseyPHorvath What a #MeToo sham - the community hates Chavez now because he spoke out strongly against illegal immigration

Today’s news from Dolores Huerta - a fearless champion for women, workers, and justice - is shattering. That a woman of such integrity and accomplishment, for decades, felt she needed to put the work of others before the pain of her own trauma is another reminder of how toxic and debilitating patriarchy remains in our culture. I love Dolores for so many reasons, including her courage to come forward and share her truth. My heart is with all of the survivors who are coming forward at this time. I am heartbroken to witness our community in mourning, and will continue to fight for a world where survivors can see justice and live without shame or fear.

@urbenschneider Awesome, we need more of this so the LA Metro can have an overly simplified map like the London Tube map

LA Metro has selected its locally preferred alternative for the K Line extension. They're going with this longer, less direct route in order to serve West Hollywood, which is expected to contribute a significant amount of funding to accelerate the project.

@markus_u49461 I like being called "daddy"...

@cate_long "We will win the war and prices will drop precipitously"

Because the price of oil for immediate delivery is much higher than forward delivery (backwardation) the US will release 170 million barrels from the Strategic Petroleum Reserve and get back 200 million for free. Is this the biggest swap ever in the oil market?

@johnarnold People sure are comfortable throwing that R word around again...

Private credit funds will be very reluctant to roll over software loans when they mature. The closed-end funds can't refi any loans right now given redemptions. Since many loans were taken to pay dividends to sponsors, how will they repay maturing loans? Will sponsors put new $ into the companies? many are past investment period. Bring in new equity? that will be tough and pricey. Refi with a mezz lender? will be at much higher rate. Walk away? Huge loss and hit to reported marks. In every situation, the equity is worth less even if business performance hasn't changed.

@kieranwgoodwin None of this would be necessary if they let SoftBank and the others lose their deposits in the SVB debacle

PC Fund: "Why are you marking down my SaaS loans? They are GOOD PIK and 26% LTV." Bank: "You made up both those concepts. We care about CF and hard assets. Similar credits with BSL's are trading at that mark. If you have a higher real bid, show me." PC Fund: "But .." Bank:

@cate_long Unrelated - Executive order re: Eliminating Cartels - public-inspection.federalregister.gov/2026-04924.pdf…

@achtera Hmmm. I'll take a look.

Stablecoin-issuing companies, like Circle and Tether, now hold more Treasury debt than major U.S. government creditors like Saudi Arabia and South Korea. nytimes.com/2026/03/08/bus…

@chutneylife Sounds like a feeling

Look, I don’t want to say it outright, but my accounts receivable list showed one race with lots of unpaid bills, disproportionately favoring that race. The majority of my patients are white, and it wasn’t them. This is a simple fact, not an opinion.

@cate_long I'm more than a little surprised this didn't get more play - coming a few weeks after Chase and NACHA's big announcement establishing operational "legitimacy" paymentsdive.com/news/jpmorgan-…

@achtera Grazie.

@cate_long federalregister.gov/documents/2026…

@achtera I saw the headline for "skinny" Fed accounts. Was that the one?