Chris Freemott

@chamath The bond folks can be much more impactful to fraud,waste, and abuse as well as political change than any politician can. I for one welcome a no bid on munis until fraud and waste are treated accordingly. Painful? Yes. Necessarily? Unquestionably.

💯 Ignore the Bond King at your own risk…

@damianplayer 100% this. 53, been in C and Cwork for three weeks and my productivity is staggering and I have no clue what I’m doing. Get me someone who can tutor me and the daily price is somewhat moot for the time I’ll get back.

local in-person AI classes for corporate boomers. think Claude 101. easily a $ 25K/mo opportunity. rent a presentation room. run meta ads targeting 35-60 year olds. charge $500-$1000 for a 2-day hands-on workshop. teach vibecoding, Claude, ChatGPT, prompting and agents. the demand is insane. these people see AI everywhere but have zero clue how to use it. they want face-to-face guidance, not online courses. run the same curriculum weekly. refine based on questions. multiple up-sell or down-sell opportunities. scale to multiple cities once you nail the format. you’re hitting a market everyone else ignores. corporate boomers with cash who prefer learning in person. they are also being told to learn these tools daily.. no chance this doesn’t work if you execute. go out and nail this.

@GadSaad 3. No one next to me.

I saw this on my feed. So, what’s your answer?

@BillAckman There is a non-zero chance that she and Schiff would have received the exact same interest rate as an owner occupied home would have had they labled these applications as second homes. The mortgage companies who wrote these should have received repurchase demands by now too.

On the topic of Fed Governor Lisa Cook, there is a long history of Fed Governors who had relatively minor ethical or legal infractions who resigned in light of the importance of unimpeachable probity for those who serve in this important position. It is either true or false that Governor Cook misrepresented her primary residence status on one or more mortgage applications. The evidence put forth publicly by @pulte strongly suggests that she lied on one or more mortgage applications, in other words, mortgage fraud. It should be straightforward for Governor Cook to disprove the alleged fraud and it shouldn’t require a team of lawyers and litigation to do so. She just needs to answer a simple question: Did she or didn’t she sign an affidavit declaring that the subject properties were her primary residences? Yes or no. Whether President @realDonaldTrump has the technical legal authority to terminate Gov Cook is not that relevant in my view. What matters here is whether a Fed governor has committed mortgage fraud or not. It is not a political question. It is a question of fact. Governor Cook should immediately put forth the facts to clear her name or she should resign in the best interests of the integrity of our financial system. The sooner this occurs, the better for her and our country.

@unusual_whales I have 10% there and a 13% hit because I buy in Swiss franc. That hurt and I had to pass it along

“A 10% tariff is not going to change virtually any price," Howard Lutnick has said

@ManifestFinance @vaneck_us @lattice_fund @CompoundVC @SALTConference That’s who stole my Celsius!

Manifest destiny was about land. Now, it’s about ownership. For centuries, real estate built America. But today, the best deals are locked up by institutions. We just raised $2.5M from @vaneck_us, @lattice_fund, @CompoundVC , and @SALTConference to change that. Manifest puts U.S. real estate on-chain: liquid, borderless, and investable in seconds. If the institutions are buying America, why aren’t you? $USH is coming soon. Bet on America.

@Super70sSports Bob wrote and sang the songs people casually give Bruce credit for.

Bob Seger is better than Bruce Springsteen. I don’t know how many are joining me on this island but I feel like it will be 50% geniuses and 50% guys who make women instinctively lock their car doors.

@WallStreetSilv Fastest way to lower tuition is to make student loans eligible for BK forgiveness (future loans not past). Debt issuers will not extend credit at the same rate or to silly degrees and tuition will fall and bad schools will fail.

Why are universities so expensive explained … 🔊

@FischerKing64 That’s not remotely how a HECM works. Max leverage is roughly 40% today. And there is no such transfer to a financial institution.

On the radio I keep hearing ads for ‘reverse mortgages.’ This means basically that older people give their homes over to a financial institution and get a cash payout they can live on until they die. Then the bank takes the home and makes good $$. So the kids get no inheritance. There is no generational transfer, sense of responsibility. Can you think of a better sign of decadence? The ads portray this as a deeply responsible decision.

@Jason Any frustrations amongst the four of you with Trump’s non-answers? You get a gold star for pressing. But I feel the populace is tired of evasive answers from Pols and it’s why Vivek is appreciated.

Trump goes All In podcasts.apple.com/us/podcast/all…

@WallStreetSilv More expensive cars that seem to now require five grand vs a $100 analog part can’t help insurance costs.

Any chance more illegals driving with no insurance is causing this in part?

Is anyone shocked by the increases in auto insurance? We have no tickets, no accidents, no claims. Our 6 month renewal just increased by about 25%.

@dampedspring Wasn’t born so much as I fell out

I like this challenge. I'll start. "Please allow me to introduce myself"

@Bobbygu1 @Friscokid49 @EmmittSmith22 3h15m flight is short? My guy … what do you do for a living? LOL.

@Friscokid49 @EmmittSmith22 And not in first. So also smart! Short flight economy.

On flight from Miami back to Dallas. Emmitt Smith is 7feet from me! Cowboys and NFL Legend! The best Running Back ever! @EmmittSmith22

@hokietrax @alphacharts365 @YoloInvst Not true. 2 month of the low water mark is the max.

Most people have a 3% mortgage so they are safe right? NOPE! Wait until the escrow shortfalls start occurring Your house is worth more so the bank probably underestimated your taxes House Insurance has skyrocketed so that is underestimated as well probably. Now the bank will push up your monthly payment to make up for what you owe and add on the new expected escrow. Middle America is about to get pinched again and they may not even see it coming.

@MsMQ @alphacharts365 @YoloInvst They do not under estimate. The shortages come from their pocket and by law have to loan the borrower, interest free, the shortage. And they cannot over estimate due to the law as well

@StealthQE4 Strikes me as someone converting a primary to a rental, losing homestead exemption, taxes up, escrow shortage hitting mo payment. Would like to know his adjusted real payment not the temp cashflow one. 2.25% is likely fixed based on owner occupied terms.

Take a listen to this landlords story. The surge in property taxes has turned his rental from nicely profitable to being in the hole monthly. And he has a 2.25% mortgage! The numbers in this are staggering.

@LumberTrading Otherwise known as a super senior lien in many states.

HOA’s GONE WILD

@PeterSchiff It’s not remotely enough if they are going to do this. And if they do this there is an admission that these liquidity concerns are systemic and not isolated, they just haven’t done all the math yet. Banks with low liquidity ratios and large unrealized HTM losses are plentiful

The reason for the limits on deposit insurance is that larger depositors were supposed to be sophisticated enough to do due diligence when choosing a bank and suffer the consequences if they chose one that took on too much risk. Covering all deposits expands the moral hazard.

@DontWalkRUN That thread of hers could keep an entire class of shrinks employed. My word, what blithering idiots.

Yeah, I hear that if you're older you're more susceptible to COVID. You're like 55, right?

@Jason Willing to modify content to assure distribution in China? If not. Rethink TAM.

🧵Savage this idea: Product: an angel syndicate for backing docs & indie films Business Model: IP is owned by the syndicate, creator, & employees (actors!); raising enough money to finish the project then license platforms AND/OR sell direct.