Sure. I heard those explanations 3 years ago. That's why the Federal Reserve has had to raise rates 9 times to address the problems associated with "theories" of how things are supposed to happen and the "reality" of what actually did.

Currency was created and inserted into the economy nonetheless. What happens when banks "do what they're supposed to do" which is lend it out and leverage that pile of capital 10X or more?

They have 0% reserve requirements since those restrictions were lifted during COVID.

It's not this particular instance but the steady stream of customers (Signature, First Republic, etc.). Who's next U.S. Bancorp, or Comerica?

The solution is accountability. Fraud and loss cannot constantly be subsidized. It's the moral hazard. Banks saying: "Fuck it. Let's be stupid. The Fed will make us whole".

There's no discipline. Every skinned knee get to go to the emergency room paid for by a third party.

"That's a bingo"- Col. Hans Landa

The Federal Reserve has no discipline. One reaction regardless of the problem: just throw money at it.

Doesn't matter if it's a banking crises, or a virus, or unemployment, or fraud, or economic downturn, etc.

They are a one trick pony that backs up the truck and fills it with cash. Next takes it to the helicopter to dump it on whatever problem that requires a thoughtful solution.

It will work (until it doesn't). No free lunches...and the check is now on the table.

Who's gonna pick it up? Taxpayers.

Carvana has almost $8 billion in long term debt with $434 million in cash. They just torn down the Carvan glass and steel vending machine in Indianapolis (it's a cool YouTune video).

The company is done. They cannot sell enough cars to payback the money they have borrowed. The father and son who took this company public ripped off a lot of investors.

1 Post. 1 Karma. And you're asking WSB to trust you? Is this a trust me "Bro" post.

Its seems you don't understand the meaning of "sweat equity".

Put in the work. And you can bring "Oscar to you".- Jackie Chan.

Get up soldier. You got this fight. "There's always another trade". Start building brick by brick.

Now go tell your wife/girlfriend/mother/sister/daughter...I'm be home for dinner 18:00. Sharp.

MARA Balance Sheet holds almost 12,000 Bitcoins. This is the crown jewel of the company (eguity built up weathering the Bitcoin winter).

George Soros wouldn't have purchased a piece of the company (through debt) if its value wasn't ...under appreciated. He's a bottom feeder. He buy's low and sell's high.

Bitcoins "halving" is just a over a year away. You know how time does fly. What happens to its Balance Sheet if Bitcoin 5X over the next 12 months? This is a rocket. Ready to launch.

You're using your family as an emotional tampon. You believe you can selfishly drop toxic baggage using a construct of "something they did" excuse with the misguided belief they can take it into perpetuity.

Ask yourself this simple question: If a total stranger walked up to you. And said...what you said.. to your family members how long would you keep them around?

I don't feel. I make decisions. Based on research and sweat equity. "Do the work and you will have the power".

Afterwards you can come back and tell us what you "think" about Blackberry.

June is the next rate hike. Call ahead to get reservations for a room at the casinos "Players Lounge Suites".

Rooms are on floors 10-15. They offer maximum velocity to the ground below (if that SPY position turns against you).

Complimentary drinks served at the casino wake room..for all you creditors who have gathered together to tally your loses.

It's the perpective of being out of control and helpless. Audiences typically can follow a narrative , or at least pretend they have control of the plot and scene direction.

"Saw" movies rips that control away. Making you feel helpless as the victims...on the screen. Powerful fright.

SoFi debt models (include FICO scores from customers) which will not allow most of their debt to be securitized. That is, sold off (meaning that they will have to warehouse alot of their products themselves). This is not what they want to do. It's not their business models.

It's the same problem Carvana has had over the last year. Resulting in a 90% drop in their stock price and taking them to the brink of bankruptcy.

You cannot run a "financial production" company with the cost of capital increasing by a factor of 5X in under 18 months.

The 30% decline in market value since the beginning of the year reflects this accurate price discovery by investors.

I have "been their and done that"...with one of the largest mortgage companies in the country 2 decades ago.

Technology can only go so far in shaving costs and delivering a "financial product line" to scale. If your models are bad the more you scale...the more money you lose. Ironically.

It's called a spread.

I hold the stock. The company has to make money. It needs to find leadership that can handle the vision they are pitching.

This isn't an endeavour to product art. It's not a coloring book. Slick ads and impressive graphics belie's the truth that SoFi is sucking up cash. Rising interest rates put this company on the path to bankruptcy...if they do not turn it around.

It's the truth.

SoFi reminds me of unfocused and disjointed corporations of the 1980's.

Can't do everything (and be good at anything). The market is pricing this stock to reflect its poor management (and vision execution).

Reminds of Coinbase on steroids with its bad cost control which is pushing the company into the cellar.

Short. Puts...or an elevator going down. It's one way express train to hell.

It wasn't Cal she was running from but her whole class structure (which Cal represented as her future).

Jack was used to push Rose's boundaries. He gave her a chance to explore the world outside her strict social obligations (that were crushing her dreams).

Rose wasn't in love with Jack. Rose was in love with the idea that Jack represented to her.

The ideas of freedom and self determination. It was the understanding that her life was her own. Rose was not going to sacrifice her soul for appearances and the expectations of her mother. She had no choice. Escape or die.

Yes. You are correct. It was brave of you to say the "Emperor had no clothes".

I don't care about the philanthropic "mission". I want the stock to make money. I want profits. I want brand awareness. I want dealer networks. I want nimble management. I want marketshare.

Can you offer me this baseline of a "philosophy"? Nope.

Sell.

It's their whole balance sheet. You destroy that inventory value the company is essentially bankrupt.

Amazing level of debt, stupidity, and bad luck.

Carvana has not been providing customers with vehicle titles in a timely manner plus a whole host of delivery and return problems.

This is simply a "pile on" by the established dealer's in the State (to use any tool necessary to push them out and now have the ears of the politicians).

This is a huge market. It's a small world. Texas could be next and that would be a kill shot for the company.

Make you money on the short side and never look back. Today 50% of the stock is shorted and that's to much weight to fight the gravity of bankruptcy. Carvana's billion dollar debt load demands a filing very soon.

Carvana is finished.

The market will decide and test. It will approve. It has already spoken but you will not discern the feedback.

That's why Carvana is done 90%. That's why billions in market capitalization has been lost. Where did those loses come from? Guys like you.

Carry on....

Consumers need to qualify for these cars. Carvana does not hold the notes. The notes are repackaged an sold to investors.

Institutional investors will not buy securities from Carvana with car loans from people who live paycheck to paycheck (paying 21% ).

They did this with subprime mortgages back in 2007. They won't do it again.

Carvana is finished.