Indra reddy

$SOFI TIMOTHY SWITZER RETURNS🚨 Tim Switzer @ KBW today reiterated his sell rating and maintained his PT of $20? He says “the short report by MuddyWaters took a thorough look at SoFi’ accounting, tying together some previously unknown information from uniform commercial code filings and bills of sale with the company’s regular investor disclosures” KBW believes the street is already aware of these issues and think that the report “raises some new questions.” He keeps an underperform rating on SoFi.

I’m not quite sure what you’re trying to say. First if I buy a car, the car is part of the collateral and there is a repo value associated with it. Here, I can’t tell if what you’re saying is a 90% collateral is wrong. It’s an asset. Do you feel their default should be higher, and if so then you’d need to demonstrate credit risk in line with that, no? Or is your issue that in general an asset manager is using leverage with an assessment of form book value in a particular way. In other words, you’d have the instruments themselves. Then you’d have the roll up of the master fund, which might have many sub- entities funding itself overall (separate) from this transaction. The latter I can’t imagine you’re saying. That would obvi be a weird issue to have with a financial institution. But I wouldn’t mind better understanding what you’re on about. Finally on the $106 vs $102, it somewhat depends on duration given the 100bps change in rates since 1024, no? Thoughts? Can you maybe post the full terms in question.

Upstart is applying for a national bank charter and plans to launch Upstart Bank, N.A. The move would let it fund loans with deposits, lend directly to consumers, and cut operating and funding costs. $UPST also plans to apply to become a bank holding company.

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Polymarket currently gives $SOFI a 50% chance of being included in the S&P 500 today after the bell

Holy sh*t $SoFi just released SoFiUSD