Chris Tobe, CFA ری ٹویٹ کیا
One of the coolest parts about Elizabeth Warren's ULTRA-MILLIONAIRE TAX ACT?
It makes the IRS audit at least 30% of the 260,000 ultra-wealthy households affected each year to make sure they're paying.
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Chris Tobe, CFA
40.7K posts
Chris Tobe, CFA
@tobecb
Chris Tobe, CFA is an Investment Consultant providing hourly advice & 2nd Opinions to 401ks, attorneys & individuals. Writes for https://commonsense401kproject
Louisville, Kentucky شامل ہوئے Şubat 2009
0 فالونگ2.1K فالوورز
Chris Tobe, CFA ری ٹویٹ کیا
One thing I dislike intensely about Israel discourse in America is how it is considered something only Jews get to discuss. It's not. All Americans need be able to talk about Israel openly and what a huge problem it is for our country without being accused of antisemitism.
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@RoKhanna Well then you assholes are going to be hauling in lot's of Democrats, starting w/needle dick, pathalogical Liar himself @SenAdamSchiff and so many others on the Left who fancied little kids for their own evil desires!
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Chris Tobe, CFA ری ٹویٹ کیا
Thanks for your leadership Scott!
Scott Dworkin@funder
Ro Khanna has been inspiring to watch during this Epstein scandal while he fights Trump and the White House, as they stonewall the probe at every turn. We too will not rest until those who committed these crimes are held accountable. Don't forget to subscribe: dworkinsubstack.com/subscribe
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Chris Tobe, CFA ری ٹویٹ کیا
Worth repeating: Wall Street prefers selling high margin, opaque products over low margin, transparent products ....
Private credit is another example of this. Just look at the money extracted from investors in this opaque product.
Bob Elliott@BobEUnlimited
Don't forget that private credit became hot b/c everyone got paid handsomely vs investor friendly products like ETFs. - Service providers charged 5-10x ETF costs - Managers earned 4x+ the fees vs credit ETFs. - Many advisors got loads and ongoing servicing fees vs zero w/ETFs.
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@unusual_whales Much bigger at Insurers backing annuities commonsense401kproject.com/2026/03/07/pri…
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US financial institutions exposed to private debt, per Bloomberg:
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Chris Tobe, CFA ری ٹویٹ کیا
Democratic senators: It's time to draw a line in the sand.
A nominee for Attorney General will soon come before you. Make the confirmation process about releasing ALL of the Epstein files (without redactions) and prosecuting the Epstein class. Trump’s nominee should be pressed hard to commit to those two specific actions. While the administration continues its cover up, Democrats must be relentless in our commitment to pursue truth and accountability.
Credit to @RoKhanna for again leading the charge on this. Fight, don't fold.
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@NicoGladia Apollo controls the majority of their investors, and will tell them not to mark to market - State Pensions to avoid political scandal and their own insurer commonsense401kproject.com/2026/03/26/apo…
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Chris Tobe, CFA ری ٹویٹ کیا
Nope, here are some figures:
Private credit 3.5trn ball park. This is everything (real estate finance, infra finance, specialty fin etc)
Direct lending: 1.6trn ballpark
Direct lending packaged in liquid vehicles (nt bdc, interval funds, evergreen): 15%ish. This is where we an issue right now. The vast majority of private credit is in drawdown vehicles.
Lukas Ekwueme@ekwufinance
While the world is distracted by the Iran war, private credit is blowing up - BlackRock limits withdrawals - Blue Owl has restricted withdrawals - Morgan Stanley limits withdrawals This is a ~$2T market... With an expected surge in inflation due to supply disruption, expect this situation to worsen.
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Chris Tobe, CFA ری ٹویٹ کیا
The big question is will investors learn not to invest in opaque deals Wall Street says will provide an incrementally higher return than transparent securities.
Lukas Ekwueme@ekwufinance
While the world is distracted by the Iran war, private credit is blowing up - BlackRock limits withdrawals - Blue Owl has restricted withdrawals - Morgan Stanley limits withdrawals This is a ~$2T market... With an expected surge in inflation due to supply disruption, expect this situation to worsen.
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@MarkLynchSC SC Taxpayers funded Jeffrey Epstein via Public Pensions
commonsense401kproject.com/2026/03/23/div…
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WHY EPSTEIN MATTERS
How many billions did Jeffrey Epstein's child gRape influence operation generate? Hundreds of billions. Maybe trillions.
And the banks all helped him do it.
All that "wealth" is ill gotten.
It was extracted from the lifeblood of working Americans -- sucked out of their veins by white collar, corporate leeches.
All those untold billions?
It's not wealth. It's stolen property.
They gave us a shopping mall hologram of American Dream, while they, like locusts, emptied the core of our American economy and left us a service economy, strip mall labor colony.
All that stolen wealth belongs to working Americans.
These leeches have been sucking the wealth out of the middle and working class for decades.
It's time for that to stop.
No more racketeering.
No more price fixing.
No more collusion.
It ends here.
The racket ends here, when we remove Lindsey Graham on June 9th.
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DOL 401k Fiduciary Rule – Pushes Accounting Fraud in CITs
commonsense401kproject.com/2026/04/03/dol… @InvestSense @ATeachMoment @nikir1 @fi360 @RobinJPowell @mwalno @280lmtd @Rick_Ferri @401kspecmag @401kLowCost
@RecoveredBroker @DaisyMaxey @TraceyFAMag @davidsirota
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@NLawGlobal DOL 401k Fiduciary Rule – Pushes Accounting Fraud in CITs
commonsense401kproject.com/2026/04/03/dol…
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Liliana Martin, Adam Braun, and Andrew Lom review the new rule proposed by the DOL, citing it as “one of the most consequential developments in ERISA fiduciary investment law in decades.” ow.ly/fl9i50YCAih
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@ERISAWatch DOL 401k Fiduciary Rule – Pushes Accounting Fraud in CITs
commonsense401kproject.com/2026/04/03/dol…
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DOL Proposes Rule Clarifying ERISA Fiduciary Duties in Selecting 401(k) Investment Options jdsupra.com/legalnews/dol-…
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@FiduciaryNews DOL 401k Fiduciary Rule – Pushes Accounting Fraud in CITs
commonsense401kproject.com/2026/04/03/dol…
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401k sponsors: Designated investment alternatives come with heightened fiduciary responsibility—don’t treat them lightly fiduciarynews.com/2026/03/401k-d… #401kGovernance
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@Think_MelanieW DOL 401k Fiduciary Rule – Pushes Accounting Fraud in CITs
commonsense401kproject.com/2026/04/03/dol…
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DOL Files Appeal to Lift Fiduciary Rule Stays at.law.com/ubG2p3?cmp=sha…
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@PEstakeholder DOL 401k Fiduciary Rule – Pushes Accounting Fraud in CITs
commonsense401kproject.com/2026/04/03/dol…
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This new Trump DOL rule seeks to bail out private equity and private credit with 𝐲𝐨𝐮𝐫 401(k) savings.
More Perfect Union@MorePerfectUS
Trump's Labor Department has proposed allowing people to use their 401(k)s to invest in crypto and private equity. This would open up $8.8 trillion from over 700,000 retirement plans for investment in these "alternative assets," the Washington Post reports.
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DOL 401k Fiduciary Rule – Pushes Accounting Fraud in CITs
commonsense401kproject.com/2026/04/03/dol…
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Chris Tobe, CFA ری ٹویٹ کیا
This is a big deal.
Lina and Lev are inspiring the next generation of antitrust lawyers and economic policymakers.
Lina Khan@linamkhan
1. Excited to be launching the Center for Law and the Economy @ColumbiaLaw with @LevMenand. The Center will focus on pressing questions of economic governance and help train the next generation of scholars and policy leaders. wsj.com/us-news/law/li…
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Chris Tobe, CFA ری ٹویٹ کیا
1. Excited to be launching the Center for Law and the Economy @ColumbiaLaw with @LevMenand. The Center will focus on pressing questions of economic governance and help train the next generation of scholars and policy leaders.
wsj.com/us-news/law/li…
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