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Brew

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Everything posted by Brew

  1. Hopefully the Shelby Co Commission meets quickly and immediately reappoints both duly elected reps. This state is fucked with gerrymandered districts and the numbers coming in daily because of the politics they agree with and no state income tax.
  2. The two that were expelled should be reappointed. The one that didn’t get expelled would not have been reappointed as Knox Co is controlled by R’s at this point.
  3. Being black of course, what else could he be saying other than making an overtly (maybe not so overtly) racist comment.
  4. I think you might have missed the point where they can’t do something substantive because of the gerrymandered districts in this state.
  5. There is virtually no chance that they don’t go through with it unless it comes down from above to stop it for bigger picture reasons. Sexton has already let it go too far (and compounded it with his insurrection comments) and if it hits a floor vote then it will follow party lines. This isn’t the first round of issues with this group, so the olds feel justified. They will pick up another R from the Knox Co appointment, Memphis and Nashville may just reappoint the expelled members. Fucked up world we live in, especially in the south.
  6. Hmmm, may PM you to see what phenomenal rates look like.
  7. Haven’t had a chance to look at your team, but I have an extra 3B if you’re interested and want to throw something reasonable out. It’s a couple more weeks before I can really start paying attention.
  8. Anyone need a catcher, apparently I needed 4 for some reason. How about an injured starter to go along with one of them?
  9. That sucks, the app didn’t send me a notification and I didn’t even think about it being discussed for tonight. How in the hell does auto draft not draft 1 f-ing closer?
  10. Huge fan of the Cooper AT3s, run them on my 07 cummins and love them. This. The three sets of KO2’s I ran were garbage. The wear pattern was uneven on them and they were useless on wet roads. Buddy that runs a tire shop convinced me to switch to Copper’s 3-4 vehicles ago and I have never looked back.
  11. Green Goddess Salad and the Frontega Chicken sandwich (black pepper focaccia is one of the best quick service bread options out there) are both worth eating. Avocado/egg white breakfast sandwich is also an above average breakfast option. Some of their soups are also pretty good. Best thing about them is it is easy, they are consistent, and they have reasonably healthy options that are good.
  12. We own a couple of companies that do it, but we’re not in Texas. There are plenty of small/mid size operations around that do really good work, they just don’t have the ability to scale up and aren’t typically out promoting because they have more work than they want at their sizes. We are working with ours on being able to replicate services with other individuals handling accounts so they can scale up as well as acquire others.
  13. Should know tomorrow, they are sending me the model numbers. I think it’s the 60” because we wanted two full size ovens and had space.
  14. Our client base has seen no deposit loss as a result. I think people are fleeing the regionals (to your point) to move up to the mega banks, but the smaller sub $1B community banks seem fine.
  15. I’m keeping the ice maker i ordered even if we don’t do anything with the kitchen. Our stand alone is getting old and needs to be replaced so we ordered a sonic ice version to replace it with. The stand alone ice maker comes in extremely handy.
  16. What model/size is the Sub Zero? Have to go back and check, ordered them 18+ months ago. Pretty sure the fridge is the cl4850sd/s and the range is one of the 48” or 60” dual fuels with a Wolf hood.
  17. I have a wolf range and a sub zero fridge/freezer sitting in a warehouse I’ll cut you a deal on. Delays set back kitchen renovations and I’m just not that interested in starting it now, but I have the appliances already. Renovations and additions have been shitty for the last 18 months and I’ve lost interest in another 3 month project that turns into 6.
  18. Sounds like they would make excellent social media users.
  19. Just to be clear, I’m not arguing to take the limits off either. I just think the risk to taking the limits off is more related to depositor side problems it creates not bank side. It’s basically the guy on the depositors shoulder making them pay attention to things and spread their individual risk. Without it, you could see mass consolidation in the banking world because deposit side risk goes away. Inevitably that probably creates the risk you bring up as well. I just think the bank is always going to be limited by the risk to the bank. Ultimately, the system functions now with very limited depositor risk albeit not zero. Most of this will quiet down if the feds return money to investors showing they did not come out of pocket on anything.
  20. They are free to chase the yields now within the constraints of regulations, which have zero to do with FDIC insurance limits per deposit. Again, the motivation to protect the money comes from not killing the golden goose (the bank) not depositor risk of loss in a bank failure in my opinion. They work to protect the bank and maximize the bank’s return, taking off the FDIC limit doesn’t change that equation. I grew up in the bank side of our firm and still deal with banks/bankers regularly as we still work with 60-80 banks. We deal primarily with non publicly traded banks just for the record, so I view banks more from the community bank size (up to $1B) more than the publicly traded side for perspective.
  21. The bank deposits were, but the depositors were not. They were still subject to bank risk and the interest rate float if you scan the app and response. If you read further through the Fed’s response, they had a number of issues with the structure. I may be completely off base here. It wouldn’t be the first time, but with the overlayed regulations in place the guardrails are there already otherwise you would see depositor loss on bank failures.
  22. In a very quick look at it, the Federal Reserve was concerned with a number of issues with the structure that TNB was applying for while also not being an FDIC insured bank. Those deposits would not have been insured at the depositor level.
  23. Walk me through what the bank does differently if deposits are 100% guaranteed? You keep saying it, but what does it look like in practice? Bank A has deposits of $500M, makes loans using those deposits, holds treasuries and other ST investments to make some money on funds not loaned, etc. If that $500M becomes fully guaranteed what is the bank doing differently with those deposits? Riskier loans, riskier investments than treasuries, what? The bank is still exposed to risk of loss, regulatory requirements on capital, funds being moved ant any given time, etc. Do you think they all start rolling the dice and increasing the risk of default to the bank? I don’t see it. I can see where it pushes interest rates higher potentially (which could lead to more risk in the loan portfolio by extension) and causes bank consolidation which may not be positives, but this wholesale shift that covered deposits would creat doesn’t make sense. Deposits are effectively covered now as has been stated numerous times. The timing of access has not been.
  24. Can you walk into a bank where you are and buy insurance products without having to go through their wealth management / private banking people? You can’t where I am. There is a bank side (deposits/loans) and a wealth management side (products/investments) and with larger banks a private client side that bridges the gap.
  25. Edited to say 4 failed bank clients in the last 11 years. Turning into my parents where everything seems like it happened yesterday. There were a few others in the front/middle of the 2008/2009 collapse.
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