25 Burst results for "Up To $250,000"
The Café Bitcoin Podcast
"up $250,000" Discussed on The Café Bitcoin Podcast
"Pensions are a really hard thing to manage because you're talking about time horizons that span multiple decades for over which time the future is completely invisible, unforeseeable, unforecastable, and it's one thing to forecast for a couple of years, but 40 years ago, if you were to forecast that this is the world we live in with mobile phones and like a Star Trek, science fiction wasn't even able to forecast the world that we were living in other than thematically. So it's they're really, really hard. And so they're hard to make the investments for. And then they're hard to understanding how to pay everybody out in the long term. I remember I was working, I mentioned here before I was working in a newspaper company, had a really good pension plan over there for both management and labor. But it got it got so bad as the market kept shrinking and the efficiency kept changing that even though it was fully funded, like we just couldn't maintain the fully funded nature of it, you had you basically had four people on pension for every one person working and paying into the pension plan. As the burden just became too high and they ended up having a cut off for anybody new coming into the defined benefit plan and moving to a defined contribution plan. And that's not really that's not really great from anybody's perspective. But it's but it's manageable because the risk gets borne by the pensioners. Yeah, it is it is really tough, which is why we gave them a lot of kudos for being in such a good spot. You know, a lot of people don't realize right now because it's not making news. There are pensions weekly and monthly right now being bailed out by money that was approved in the American Rescue Act following covid. It's happened. It's like it won't make news. But there's one in upstate New York that I think is like a three. They're asking for three billion dollars. You can find this. It's all online. On the at the the pension bankruptcy, the guarantee corporation that they have that went bankrupt itself, but then they front loaded it with a bunch of money from American Rescue Act, but they're they're going under all the time. It doesn't make news anymore because they already allocated the money, whereas if they were having to bail out these pensions with taxpayer dollars, you would hear a lot more in the news because, you know, news loves the controversy. But there's no controversy in like this pension is about to get bailed out for one point five billion. And it was already approved in the American Rescue Act when they printed trillions of dollars. And you just read it and you go, OK, cool. What's in the cartoon section? Yeah, saving for the long term is really hard in a fiat world. You have to gamble because you don't know what share of the future you have. Just think about that in the context of Bitcoin. Like you can't guarantee what the future economic output of the world will be by the time you're 60, if you're only 25. But if you're able to rely on Bitcoin and you manage to save up over the course of your life, 10 million satoshis, just to pick a round number, that entitles you to 10 million, 2.1 quadrillions of the money supply that's out there. It's sensible, right? If you manage to save up $250,000 in your retirement fund, well, as we've recently learned, it only buys half as much as you thought it would in terms of gas, food, shelter, housing or shelter, clothing. So it's like, darn it. The inflation came up either suddenly or gradually and completely distorted what I thought I'd saved for my retirement. And I don't think that's the only time you see a long term loss of purchasing power in a fixed supply commodity is if all the other commodities are being reduced in supply. But there's less to go around. We talk about this in a football reference all the time. Be the one that moves the chains for your family. The chains is like the first down marker, right? You can live or die by the Hail Mary. Those people end up in fourth down, 30 yards out punting. But the teams that move the chains forward, you may not be able to get the Hail Mary in this lifetime, but you can definitely move the chains forward with Bitcoin and get your next generation in an incredible spot moving forward. Maybe you will, too. But if you think of it like that, you're always going for that Hail Mary. You're trying to skip the work part of it. All right, something I'm curious about, did you guys run through the numbers? Did Hafa show them what their portfolio might look like with a one percent, five percent, ten percent allocation to Bitcoin as of X number of years ago? Yes, and he's going to put those numbers up on the Nakamoto portfolio website. He has those up for the Ontario teachers. The key metric that he showed, which I thought was great. And again, we're finding our groove in the show. And I think some of these metrics can be better highlighted. You know, Peter had some great insight on some things we can do better. And again, and anyone who listens to the show, we're trying to make it better for more guests that come on in the future, but Hafa showed the metric of the risk based on the percentage allocated and the and the expected behavior of Bitcoin. We didn't get too far into the weeds, but what he was able to show was, hey, that risk did not change much and was also insulated from the risk of their the existing investments in their portfolio based on the surrounding conditions. And that was a really good metric for them to see, like, OK, so one percent, two percent, we maintain the risk. And that risk is pretty steady across the board, whereas other assets that you can see, their risks are fluctuating up and down based on inflation, interest rates, different outside external factors. And I think that one hit well for them because they were like, oh, that's that's interesting and that's the power of Hafa's tool that he can plug those in and show them and speak the language of, you know, an investment board that looks at risk.
The Charlie Kirk Show
Banking Crisis: The Tip of a Financial Iceberg With E.J. Antoni
"Senator Langford made a great point. We don't have the tape here, but basically said to Janet Yellen, we're not going to, he says, they're worried that the federal government is encouraging behavior by basically people are now going to remove their deposits from regional banks because they don't see the same sort of federal government backing automatically of every regional bank. Is that a fair concern? Absolutely. A hundred percent. I really think that spot on. Again, if you're somebody who's got less than $250,000 threshold, then your deposits are guaranteed everywhere anyway, so it's irrelevant. But if you're a business, if you have a large cash balance, which a lot of these regional banks, that's how they sustain themselves on those small business accounts, then you're getting the rug pulled out from under you. Both as a depositor. And as a regional bank, and so this, this could get out of control wildly and I suppose one of the questions people have then is where should I keep my money? And I guess there's no really good answer to that. I mean you can feel free to offer investment advice if you want or but what are the principles what is economics teach us of where your dollar bills should land in a time like this? Sure. Well, so I have to say counsel always tells me they always yell at me like, yeah, I can't give investment advice. So we're not going to do that. But what I will say is, if you have, again, under two 50, which is 90 something percent of depositors, you'll find there's no worry. It doesn't matter where your money is. If you're over that amount, you have a couple of options. You can literally just split up your deposits among different banks. As long as you're under that two 50 threshold at any one particular institution, you're fine. So you can have two 50 in Wells Fargo two 50 and JPMorgan, for example, and a 100% of your deposits are covered. There are also different services you can buy where these different financial firms will do that for you where they will split up your deposits. But most people don't fall into that category. So I wouldn't worry about it from that standpoint.
AP News Radio
FDIC recommends overhauling US insurance deposit system
"The federal deposit insurance corporation is recommending an overhaul of the U.S. insurance deposit system. I Norman hall. The FDIC says there should be a rethinking of its decades old policy of ensuring up to $250,000 in bank deposits. Instead, an overhaul would allow regulators to cover higher amounts on a targeted basis. The proposed change appears to open Lake knowledge that the FDIC is looking for ways to calm both depositors and markets as the organization contends with the third U.S. bank failure this year. First republic bank became the second largest failure in history money when regulators seized it and JPMorgan Chase stepped up as a buyer. Norman hall, Washington
The Hugh Hewitt Show: Highly Concentrated
Republican Speaker Passes Bill, Debt Limit Now on Democrats
"So on that speaker last night, the speaker of McCarthy got the bill through the house. Does that mean the debt limit is in the Democrats court? President Biden Chuck Schumer, we have done our job meaning Republicans have done our job. Is that how you view it, senator Cassidy? I knew it that way. My gosh, the president kept saying, show me your plan. Now he's not saying show me your plan, he's saying, just give me a clean deal. Now, by the way, this is while Biden continues to push out more debt. One example here, every month that he has appalled in student loan repayment. Which benefits some families earning $250,000 a year, no problem paying back their debt. Adds another 5 billion to our indefinites. He's making the problem actively worse, but he says just clean debt to me. I think he's actually more interested in running for reelection than he is in showing leadership. And that's a bad place for a president to be.
Bloomberg Radio New York
"up $250,000" Discussed on Bloomberg Radio New York
"You so much. We appreciate that. We have some banking turmoil out there in the marketplace. I'm not calling it crisis, but clearly there's some turmoil punctuated by small number of banks actually failing. Most notably probably Silicon Valley bank and of course that raises questions about the availability of capital for companies and growing companies and get a sense of what that all means and how that might play out. We check to our next guest. Rania said home, managing partner of the set home law group. Thanks so much for joining us here. I guess a growing concern out there as we see some of the stress in the banking system that the availability of capital. And maybe the cost of capital is going to become more difficult, particularly for smaller companies. What are you hearing from your clients? I mean, everyone has a concern about it and those concerns are valid. Interest rates are increasing their inching higher. They were just raised. This week, in fact, and I think they'll continue to be reduced. So everything is more expensive. And it's causing the clients to burn through their money even quicker than anticipated. I mean, what do you see is the next likely move for a startup that's looking to raise some money. I think they're going to have to go searching for debt financing with companies that have relationships with multiple banks and trying their best. I mean, I think banks aren't going to be as aggressive as they were in the past. I would just speaking to a couple of banks, I can't say their names on the radio, but they said they are putting all debt financing on hold right now. So some banks are out of that game. The smaller regional ones. So I guess the issue for, you know, we've seen a lot of depositors just pull their money out and put it into money market funds, but that doesn't do me any good if I'm looking to open up a new store, start a new business. Do you think this could become a real issue or is this something that maybe is kind of specific to a handful of banks? No, I think this is a real issue. I mean, one of the problems that startups face is not when they do look for funding through banks like SVB or any other bank, they're required to maintain a majority of their money with that bank. It sort of like collateral. It's not exactly a collateral, but it's like collateral. And then they're left, putting all their eggs in one basket. And so what I've been suggesting is to work with a bank that can offer you an insured cash swap or an insured bank deposit and what that allows you to do is have a single bank relationship, but that bank then moves your money around to various banks within the network so that no single bank is holding more than the FDIC insurance maximum. But I believe that maximum needs to go up $250,000 may be a lot for the average person, but it's not for a startup and it's not for an average business. Do you have a sense that regulators would take your advice and start looking at raising that? If regulators took my advice, the world would be a very different place. I don't think they're going to take my voice advice right now. The government has been spending a lot of money since 2020. The world and the global economy was essentially shut down. And we can all argue about whether or not that was a good idea. But when you stop the economy from working and then put an influx of money into the world so people can survive is sort of like an IOU that's coming due. And I think that's what we're finding. And there was really no information available to the banks about the increase of the interest rates until it was close in time. And so banks like SVD that purchased long-term bonds with low interest rates, they were in a lot of hurt. They had to sell it at a loss. And accelerated their demise. The ones that didn't hedge well and once it did manage the duration are in trouble. But if you have a client who's maybe a small business and maybe they're feeling a little bit of angst about access to capital cost of capital, what are you telling them to do during these times? I'm telling them to work with wealth managers that have relationships that institutions that they may not, even know about. Some venture capital firms that may not be famous in their space because you look at places like Y Combinator and I think they shut down an entire division. So a lot of what's happening also is all of these companies are going to the same, let's say, ten players. And those templates are exhausted now. They have no they have no cash. And they can't support the demand. So you have to diversify, not just with your banking relationships by using these ICS, but also diversify your relationships with banking professionals. So you have access to capital from other companies. One thing I wonder is, a startup can consider a new strategy, but do you have any insight in how easy it is for a startup to execute a new funding strategy. For example, around the real worries about SVB when we saw lines of customers out on the streets, you know, we were hearing that banks weren't able to take phone calls from their wire transfer departments because they were just so completely overloaded. Have you seen the mechanics of the banking system ease up a little bit or are you still hearing that there's a bunch of strain? I think it's still streamed. Everybody is being extremely reactive. I mean, who can blame them? But reactivity never works in anybody's favor. And it looks like at least in the short term, the large institutional banks that we all know, the ones that have a bank on every block or every other block are the safe bets right now. And in fact, some of them are purchasing parts of these bank centers that have gone under. So we've heard about some of the challenges out on the West Coast and Silicon Valley with some of those funds, some of those VC funded companies and their relationships with SVB. Do you think there's similar kind of exposure here on the east coast and other parts of the country that have a big VC community? I think this is a problem nationwide and in some cases some of the banks that I think collapsed like signature, it was also due to their investment portfolios. They invested differently, but it was still the investment portfolio that brought them to this place. And it's all about lack of diversification. Really, when you get down to it. Okay, Renee has said home, thanks so much for joining us when you said home managing partners set home long group. I'll give you some perspective there on this banking turmoil out in the marketplace. And what it means for businesses, particularly smaller businesses and startup businesses, some of the challenges there. Jennifer, just looking at the market here just in the last few minutes, kind of turning. We've got the S&P 500 just down about 6 points here, one tenth of 1%, so kind of turning around a little bit, finding a little bit of a floor here. Yeah, I feel like there's been the fluctuations in sentiment over the course of this week that it's just, as we're heading into the weekend, people aren't really quite sure what to think and they're just a little bit nervous, so they're taking the safest route. Yeah, exactly. So we were at the highs of the day intra day trading on the S&P 500 and looking at oil also staging a little bit of a rebound. It was down about two and a half percent now down 1.1%
The Dinesh D'Souza Podcast
Reparations May Be Given to Blacks in California
"During his now infamous trial, January 6th defendant, Jacob chansley, AKA the Q shaman, faced some very hefty sentences. These included a 5 year prison sentence and a fine of up to $250,000. In law, such fines are levied as a form of restitution in order to compensate for costs such as damaged property, medical bills, resulting from personal injury, or even to pay an opponent's legal fees. The concept of reparations is that it is a form of punishment that can also help to repair the damage that was done by the accused. It's important to note, the government can not find you with reparations out of the blue. You have to be guilty of a crime. It's good the Chancellor wasn't ultimately hit with the full amount as a quarter of a million dollars for most people can't be raised easily. People work their entire lives and still can't save that much money. It's such a large amount that even someone as gullible as judge Lambert, a man who genuinely believed the Q shaman was somehow the breath from destroying America's democracy forever. Thought the penalty was overkill. Lately, there's been another shaman in the news, only this shaman has two ends, shaman Walton is a member of the San Francisco board of supervisors. A body which voted unanimously last Wednesday to approve a plan to give $5 million to every eligible black resident as part of the city's plan to make reparations for slavery. The plan was a way to go before final approval, like every other member of the board, shaman Walton wants to see it through. He says, quote, we have to stay focused and stay together as a community, he says. Because now it is a 100% more prevalent that we can not be separated or divided. Let's stay the course. Because a $5 million payday for me is almost here. It might be pertinent to point out that shaman Walton himself is black. And something also tells me he will be included among those deemed eligible for the payout.
CoinDesk Podcast Network
Janet Yellen Vows to Safeguard Deposits at Smaller U.S. Banks
"We're gonna get you up to speed on all that's going on in the world of crypto. Finance, and more, including some comments from the treasury secretary. Is that right? The Janet Yellen say something will. What's going on? That's right. We got a nice Bloomberg scoop to start off the day. Talk about how the FDIC is actually looking to move beyond the $250,000 ensure level for all deposits at most banks. They're looking to basically enact some pretty extreme measures in the wake of both SVB and signature bank being taken over by FDIC and also silver gate voluntarily winding down operations. There's a lot of contagion in the banking sector and they want us to have any more of that from occurring. So we're looking to ease the fears of depositors by increasing the insurance levels to what seemingly are extreme amounts. I don't know, Wendy, your take on it, it seems like this is like a pretty wild step. But it might be necessary given that there's a lot of fear out there in the banking sector. So this was this story was in regards to them using an old law from the 1930s, right? Well? Okay. So with that being said, I don't like all of these random laws that we have in our government. But at the same time, if this is going to help protect retail, if this is going to help protect taxpayers, because taxpayers are going to suffer the burden anyways. No matter what happens, if the banks get bailed out, taxpayers are going to be banks don't get bailed out. Taxpayers are going to get hurt anyway. So I guess I'm kind of okay with them using this law to help the underdogs. But at the same time, it makes me a little bit worrisome because we see them using some of these old laws and these old caveats to kind of destroy crypto and halt the growth in our industry. So I'm a little bit on the fence about it, but at the same time I do want to see retail win and I do want to see people get their money back
The Charlie Kirk Show
The Economy Is on Very Fragile Footing
"There's several topics here, but I do want to talk about the Silicon Valley bank thing because I think it is an example of some of the deeper economic fissures that we're going to experience living above the means, but the federal government comes in and they ensure deposits up to any amount, basically eradicate in the FDIC minimum. That sets a precedent where again, I'm somewhat conflicted because they almost had to do that. To preserve the fractional banking preserve system. But if there's not going to be a cost for bad decisions or they're not going to follow the $250,000 guideline, then there is no limit. How much more can we take if the federal government is coming in and pumping an artificial money into the economy? We're in really fragile footing. Yeah, yeah. And they only before they went and did this, which was unprecedented. There's only a 120 or a $130 billion set aside for this kind of business. So anything like Credit Suisse or any of these other banks going would well exceed that number. So I think they did something that's unprecedented. And then if other banks even smaller banks want a business, are they obligated to come in and protect? That's the question I don't really understand. And how they could do this. And the thing is, yes, I guess you could say they had to do it. But my argument will be that if this bank was really strong, like everybody said it was actually a very strong bank. They just had a few errors. It should have been cleared up within the next few days. I think they just basically sent a message. They didn't want banks all across the country to have these bank runs. So I guess as an administration, you decide to do that. But to say that there's no cost is misleading, because basically we're using money that we could put into somewhere else to bail out an asset or a bank that is not doing well.
ToddCast Podcast with Todd Starnes
Sen. Bill Hagerty: A Failure Like SVB Would Not Happen in Tennessee
"Senator, that again, we're dealing with startups and the problem was 90% of the companies that had business at the bank were well over the $250,000 Mark, but many of these startups, it usually takes months if you're going to a main line bank to get the approval process and it was just taken about a week or so at SVB, so no wonder they were in such disarray. Yeah, SAB has a very different business model than most traditional banks. I mean, I've served on bank boards in Tennessee, we take a very conservative approach to banking in Tennessee, as you might imagine, this type of situation would not have occurred. I don't believe with any bank in Tennessee. But when you get to the core of what happened here, the management team should have been managing their investment portfolio. What happened was they were taking in a tremendous amount of deposits. They went from a $70 billion bank in 2019 to 211 billion in 2022. They weren't in a position to prudently lend that money out. So what they started doing is buying safe securities, meaning they're buying treasuries, mortgage backed securities that are backed by the government. But to get a higher yield on those, they were going further and further out in terms of the duration of those securities. And so when interest rates start rising dramatically as they did when the fed steps in to try to fight back this inflation that Joe Biden has created, they find those securities underwater because the security that's paying 1.5%, which is a lot of that was in their portfolio. Now that rates are up at 4.5%, you're going to get somebody to buy that security from you today. You're going to have to make up that difference by discounting the value of that security, meaning it may be worth 90 cents to the dollar 80 cents in the dollar 70 cents in the dollar. That's the size of discount. You'd have to get in this environment to want to take that 1.5% paper over the option to make four and a half percent if you just bought short term paper today. So that
Mark Levin
Joe Biden Tells Republicans 'How to Save Money'
"I want you to listen to this first clip of Joe Biden as he does as Marx's class warfare He's now accusing the Republicans wanting to defund the police The guy is such a pathological liar It's just incredible to me but that probably explains why he is the leading Democrat in America Cut one go My Republican friends say what are you going to cut taxes for the wealthy I said no I got a better way of saving money Not a joke If in fact you limit the amount of money that can be charged to reasonable prices by the drug companies Not a joke All right that's enough In it I'm thinking How fast did Biden bail out His friends at this bank the silicon valley bank how fast did he do that mister producer in minutes Many of the millionaires and billionaires Took the limit off the cap of $250,000 for depositors Has exposed the entire nation To a policy that would be utterly disastrous how fast did he move This is a Democrat bank and I'm going to prove that in a minute
Crypto Current
USDC Depegged? Close Call
"So Silicon Valley bank collapsed. So over the last week, a lot of things happen in secession. First, last week we were reported on silvergate starting to have some challenges. It ultimately collapsed when under. Shortly after you had this bank now go under, which was very unfortunate. Silicon Valley bank, which is host a lot of regular web two VCs. So of the amount of money that it had in its reserves, only about 3% are FDIC insured, which means that the $250,000 that the federal government ensures up to depositors, only 3% of those people were covered. So 97% had more than that amount in there, which was a huge news and kind of sent not only the traditional markets in a freefall, but also was a huge risk for USD C as it got depict because it came out that SVB is had a certain amount of USD C had a certain amount of their money in SVB. Roughly three $1 billion. So that caused USD C to the peg. And as soon as that started to happen, you saw the entire crypto market kind of going to freefall down. Over the last week. Now, as that happened over the weekend institutions like coinbase stopped all of USD C trading until Monday and what the FDIC happened, they came in and they restructured over the weekend and basically stopped the freefall that was happening about the traditional markets. And the crypto markets and got USD C in a stable place to where they no longer have that for $3 billion loss on books. They are now covered. And what you saw in response to that was an absolute short squeeze happened in the market.
The Trish Regan Show
Trish and KeyCity Capital's Tie Lasseter Discuss the Economy
"Moving at a very, very rapid pace right now. But bottom line, the feds are saying, okay, you know what? We're going to guarantee deposits at any of these banks by opening this window, do you think that's the right move? Well, I think we absolutely needed it. The fed absolutely had to back in and ensure otherwise you're going to see a much larger problem with small business across the United States. We've got maximum $250,000 that the fed's going to ensure. I was talking to another business owner in Dallas where I am yesterday. And I mean, there are small business $5 million a year in revenue. So they're not going to, they're not going to lay that out across ten different banks and the deposits that they have in order to fit within the shared mandate. And it's too much red tape. Exactly. So they did what they had to do. But now everybody still freaking out. Even though the fed says, don't worry, you know, we're going to be here. We'll loan them whatever money. This fear factor, right? This is what's so dangerous in markets because once the fear factor starts, there are worries about contagion, are you concerned that we could see multiple bank failures in 2023? No doubt that there's going to be bigger problems. I don't know that we'll see multiple bank failures, but we're going to definitely see faculties across a number of regional banks. There's a lot of consumer spending going on. Great jobs market and all of a sudden you start to see the effects of rising interest rates and the difficulty to get and obtain cash and money and yet we're still spending. We would have increased interest rates all at one time or maybe over a two time period to get to a point that would affect inflation. It would have been much better than seeing what the lingering effects of a slow increase in an interest rate. Yeah, you and I are on the same page on that one. I mean,
ToddCast Podcast with Todd Starnes
Caller: SVB Failure Is the Beginning of a Real Problem
"I think this is the beginning of a real problem. And I think that what we're dealing with, the banks, there's something I wanted to ask you is that they used to be a policy. There was a collapse in California of a bank and they took the people who put money in. They took their money to support the bank. And there's a lot of banks that have that hidden in their policies. I'm wondering if that was canceled or it's still there. Then the other idea that I want to ask you is that the federal insurance government is broke. How are they going to pay people back their money? Well, they're not going to call it a bailout web, but that's exactly what it is, and they're going to be using our money to do it. Yeah, but what about the people who have bank accounts and could have their money just taken by the bank? The web it's not right. And they can not do that. But I'm telling you right now at every at every Silicon Valley bank branch. And there are photos starting to pop up now, video starting to pop up. They're long lines of people waiting to get their money. I don't know what they're going to be able to get that money. Even if they've even if they're under the $250,000 Mark, I'm not sure they're going to be able to get their money back today. Biden says they're going to, but I'm not too sure about that. I'm not too sure about it.
The Dan Bongino Show
Are You Surprised the FDIC Only Insures Your Account up to $250k?
"Some people were surprised to find out this weekend Because I read your messages that FDIC insurance only goes up to $250,000 I'm not I know it's not you overwhelming majority if you already understand that But believe me it wasn't an insignificant number of people who just for the first time this weekend figured out that if you put your money in a bank say you put $500,000 which is a small population of people is going to have that kind of liquid cash anyway But it happens If you put $500,000 in a bank account in an FDIC insured bank and that bank goes under you need to understand you have that 250,000 above the threshold in short that could go bye bye time Oh but it's a bank Folks bank failures are a hallmark of human history They've happened like forever It's one of the reasons I diversify my portfolio I buy lots of gold and Peter Schiff coming up in a half hour He's a big gold guy too I buy a lot of gold I buy real estate I don't keep all my money in cash However having said that because here's the thing about a bank versus say real estate or gold or real property I don't care what it is Expensive watches comic books whatever you decide to buy and invest money in Kevin O'Leary to Shark Tank guy He has this whole big video out there about how watches are a better investment than X Y and Z the thing about banks is you have nothing You have basically a piece of paper or a digital account in a bank that says you have money there That bank collapses and you go to get your money and you sorry we're out of luck You're only insuring up to 250 K
The Dan Bongino Show
Joe Biden Blames Silicon Valley Bank Failure on Donald Trump
"Here's what happened with this bank For the first time in my disgusting pathetic life I'm going to tell you the truth This bank invested in a lot of government bonds Inflation was ugly I'm trying to get it under control I'm just suggesting a speech for Biden We're doing the best we can but this bank was the first victim I think we've contained it You should not rush to the bank your money's insured up to $250,000 But we got to do something about the spending that caused this crisis Joe Biden's approval rating would go up 20 points But D doesn't have it in him because he's filth He's garbage He has no character at all So what does he do Comes out and gives a speech And blames it on Donald Trump Take a listen And finally we must reduce the risk of this happening again During the Obama Biden administration we put in place tough requirements on banks like Silicon Valley bank and signature bank including the Dodd Frank law to make sure that the crisis we saw in 2008 would not happen again Unfortunately the last administration rolled back some of these requirements Which one Which one jackass Which one Well you know how to say that But which one Although all you liberals listening on which one which regulation did they violate I'm waiting Anything Maybe we don't ever respond We only have crickets We only have crickets Which one Which regulation they bought The answer is that you just made that up Because the guy in The White House is human garbage
The Breakdown
FTX Ex-Engineering Chief Pleads Guilty to Criminal Charges
"Yesterday the news tightened around sand bagman freed even further as yet another of FTX most senior execs turned against him. Former head of engineering at FTX nishad Singh pled guilty to criminal fraud charges and agreed to assist prosecutors in their case against SPF. As part of his agreement, single plead guilty to one count of wire fraud, three counts of conspiracy to commit fraud, what count of conspiracy to commit money laundering, and one count of conspiracy to defraud the United States by violating campaign finance laws for a total of 6 counts. Now in separate civil actions, singers agree not to contest fraud complaints from the SEC and the CFTC. The SEC will be asking for a ban on sing asking as a corporate officer or director, which will be subject to court approval. This is in line with previous plea agreements from other FTX co-conspirators, Carolyn Ellison, and Gary Wong. In a statement sings lawyers said quote, shot is deeply sorry for his role in this and is accepted responsibility for his actions. He wants to do everything he can to make things right for victims, including by assisting the government to the best of his ability in this case. Now, nashad turning on Sam has seemed kind of like a foregone conclusion. Ever since we got that conversation that Sam had with the vox reporter that he thought was off the record where he said that nashad felt really terrible really genuinely terrible about all this, whereas Sam kind of made clear that he didn't. Now Singh was released on a $250,000 bond to await sentencing and his was so much lower than Sam's bond because as prosecutors said, Singh had traveled back from The Bahamas voluntarily in November shortly after the collapse in part to assist with Justice Department investigations.
Real Estate Coaching Radio
"up $250,000" Discussed on Real Estate Coaching Radio
"Data rates may apply. So Julie any closing thoughts for these guys? Well, I mean, I didn't find anything in my research, and we have three more days of sprinkling this upon them, but I didn't find anybody anywhere who said it's a good idea to sit on the sidelines who said you shouldn't be buying real estate right now who said you shouldn't be investing in real estate. There are a lot of, especially the economists were saying, in inflationary times as well as in recessionary times, real estate in general always does better than the stock market. It does better than keeping the money in the bank. They cited real estate investment trusts, even commercial space, residential space, all of this is expected to continue to do well. Let's talk about what you just said because that's an interesting point and this is for, again, Frank, I was going to say new agents, but it could just be for anybody. So this is the reason that real estate and other hard assets keep their value if not have become more valuable during really scary times like this. Here's why. Because again, think about it. You now have, let's say, for example, you saved up $250,000. And I use this example before, but be really clear about your in your head about this. If the inflation rate is 20%, which it is listeners, that means that your $250,000 is an essence depreciating, losing 20% for every year the inflation rate is that high. Or depending on how much it is per month. So let me put it a different way. You know today what you can buy with $250,000. Next year, what you want to buy with $250,000 is going to cost 20% more. So in essence, you're now going to have to have $270,000 to buy what you could have bought today for $250,000. Does this make sense? So that's because of cash is depreciating. That is the essence of inflation.
AJ Benza: Fame is a Bitch
Mariah Carey Sends Her Vindictive Mother Far Away
"But now comes where the Mariah finally sold her mother's longtime house, but upstate New York, 750 grand, some nice amount of change for all mom and she put her mom. She put the old battle action and assisted living facility and some of you are going around just buy her a smaller house or a nice condo and live near it. No, no, no. You don't even know why. Let me tell you something. Mariah and bought this house for her mother in north Salem. I think in 1994, for like $400,000. So it made a decent profit. Four bedroom three brands from blah blah blah. Actually, it's sold earlier this month for 757 $157,000 more than $250,000 in the initial asking price. So, when word got out, people wanted this house. But in the past year, Mariah has moved, her mother relocated her mother to West Palm Beach to live in an upscale senior living home, and at the whole time the house sat idle for a year before listed for sale in June. So she's moving to a nice 5 star assisted living residents, nurses are gonna wait on her hand and foot, but it's still a million miles from everyone, and there's a reason why. Carry Mariah Carey is always called her relationship with her mother a very complicated relationship. And when I say complicated, I mean hateful,
WixDemoSite1 - Your Weekly Tech Update with Ray McNeal (audio podcast)
New Details Revealed About Live-Action 'Dragon’s Lair' on Netflix
"Dragon's lair was a technological marvel when it was released way back in 1983. Instead of using conventional graphics of the day, which were not great at all, it featured real animation by ex Disney animator Don bluth enabled by beefy laser disk storage. It wasn't a particularly good game. All right, it was horrible, but those stunning visuals turned it into a 5 star quarter eater. And inspired home versions on a variety of platforms. The original is on steam right now if you wanted to play it and GOG picked up the dragon's layer trilogy back in 2018. In 2015, bluth and Gary Goldman launched a $550,000 KickStarter project to help fund the creation of dragon's lair the movie. It tanked so they canceled and went to IndieGoGo looking for $250,000 slightly over what was pledged on KickStarter. Now, at this time, they were actually successful achieving their goal in just a couple of weeks and ultimately pulling in more than $350,000. And now, according to The Hollywood Reporter anyway, the project has been picked up by Netflix with none other than Ryan Reynolds in talks to star as dragon's lair hero Dirk the daring. Bluth Goldman and John Palmer Roy, another animator who left Disney to work with bluth are producing this. Netflix confirmed the report on Twitter.
Noon Report with Rick Van Cise
Seattle Kraken Revise Grubauer’s Deal After CBA Violation
"With goaltender Philipp Grubauer after the initial deal was rejected by the NHL for violating the collective bargaining agreement. An anonymous source told The Associated Press. The change involves $250,000 being moved from 2023 24 to 2022 23 to satisfy Ciba requirements. Some money needed to be moved after rules were changed years ago to prevent teams from front loading contracts with the penalty kick in the
Mandy Connell
Colts CEO, Jim Irsay, Buys Guitar Used to Record 'Don't Stop Believin'
"To record that smash hit. Don't Stop Believin is going to a new home. Indianapolis Colts CEO Jim Irsay says he bought the guitar that was used by Journeys. Neil Sean. Piece of music history went for $250,000. It was a modified black 1977 Gibson Les Paul Chang autographed it. Our next update
KTAR 92.3FM
"up $250,000" Discussed on KTAR 92.3FM
"Yes, sir. Do you know what it's like to rip through those sand ins? 70 80 Miles an hour? Well, I got a lot of friends who did love the dunes and It's totally awesome. I'm more of a force type a guy or being on the desert, You know? So I get it. You know, I like I like camping and being out there and it looks like a blast. But this is like my last hurrah because next month I'm going to Hawaii. Yeah, And after that, it's gonna be too hot. You're gonna have your second kid. No. Yes. By the way, you lost the bet. What do you mean that during quarantine 100% guaranteed I was me and my wife. We're gonna get pregnant. Okay? I didn't understand. You had fertility issue. Yeah, I think that's a disqualifier right there. You know what I mean? I could've bet 100% that the bucks you're gonna win the Super Bowl. And then all of a sudden, Tom Brady gets hit by a car. You know, it's a little bit different. I didn't understand that you have those big dogs. Don't want to put you on blast. So what we gonna learn? Yeah. Go ahead and bring up any other bet you'd like to bring up. No, no, Dylan Martin have been very busy. This is I was talking to somebody who's been in Phoenix real estate since before I was even in high school. And she said, this is a one of a kind this this market. There were shame right now. She's been through the eighties, the nineties. The two thousands in the 2000 and 10 see ups and the downs and has never seen it this hot. It is so hot. Let me tell you something. Remember when I was talking about stock markets, and every time I buy a stock it balls? I'm currently looking for a house. So if that's not enough reason for you to sell, knowing that the minute I signed a contract on the house if the market will immediately drop 20% Hi. Am I am the car wash before the rain storm people, Okay, I'm washing my car. It will rain. I'm signing on a house. The market's going to turn it is time to sell. I don't know. It's so in response to that, even if the market turns what does that look like? There's historically we've talked about on the show over and over and over again, But historically, every seven years there's a market correction. What is that? Correction look like Is it 50% like it was back in 7 4008? Absolutely no, no, no it like you said earlier, 20% How quickly do we rebound from a 20% correct. We're moving up 7% per month even right now, but it's typically 7% per year. So three years you build that back. Um, and my question to every buyer. I'm helping some of my best friends in the world right now by house. We just put an escalation claws on this property. For $50,000 without asking that we put it off for for $350,000, and we're putting an escalation clause, meaning they'll be the next highest offer by $1000 up to 50 grand over. Ask How do you keep somebody honest in that? I make him give me the contract. It's contingent that purchase price is contingent upon me receiving. Ah, fully executed purchase cracked, purchase purchase contract contract. Thank you Come on, and center. I see you've got to be you gotta be, and we're doing other things to my client and I don't want to give away everything. So I'll keep some things close to the chest, but we're doing Stuff with the appraisal to make it more attractive for the sellers because I do mostly sales, right. So when I write an offer for our buyers, we're getting our offer's accepted because we're doing partial appraisal. Waivers are appraisal waivers altogether. We're shortening the inspection period. We're giving higher, earnest money. We're you know, we're Doing no concessions. Paying all the fees were making it a simple and easy as possible for the seller to say, Oh my gosh, yes. Are people still asking for buyers? Still asking for content? Concessions from sellers in certain price range is believe it or not, Yeah. So under 2 50. You still have these fhe buyers that don't have the down payment. They need a little bit of help. And guess what. Sometimes it still works out. We have one of our properties in Apache Junction on round up $250,000. Priced it, Um right where it should be. It was on the market for 34 days. We got an offer and they needed help with concessions. We only got the one offer, right? We're probably thinking of lowering it if we didn't get it sold by the weekend, the guy said, you know what they want to 2500 bucks. Given 2500 bucks. Let's go now. We don't have to lower it. We don't have to have it on the mark anymore. Let's move on so that we can find the right situation for you. But these hot properties the sexy ones that are renovated and everyone wants their getting 15 20 offers on him is bananas, and we're listening one right now, so this property is in good year. Off of low Lower Buckeye Road and Austria Parkway. The addresses 16 21 8 West Hilton Avenue. It's 3000 square feet. With a pool. Two stories. Three car garage, five bedrooms, three bathrooms got to see this property. They have renovated it and it looks incredible and it's priced at 3 89 900 president. It's off Astrea Parkway and lower Buckeye. Good here, So if you go down the 10 hit the 303 and go south. You're gonna run into this property. Okay? Yeah. And we do this bidding war all the time. Last week we launched four different properties. All those homes sold over asking one of them on posse Aloma. In Dobson Ranch. We sold his home for $45,000 over asking And we got him to waive their appraisal altogether. Wow, this home if we didn't do this bidding war approach if we didn't get it on the radio. If we didn't generate all the clicks of the EU's showings, it should've sold for $20,000 less honestly. Incredible man. What a market So people want to get in touch with you. What did they need to do?.
KLBJ 590AM
"up $250,000" Discussed on KLBJ 590AM
"To you by Associated Supply Company The impeachment trial of former President Trump gets underway today. Senate will spend four hours debating whether it's constitutional to try a president who has left office with Texas Republican John Cornyn, reminding everybody it's now ex President Trump a private citizen. Trump's lawyers say it's unconstitutional. But Cornell expert Michael Dorf said There is precedent Belknap case former Secretary of war William Belknap, who resigned in 18 76 hours before he was to be impeached. The Senate still tried him and top Senate Democrat Chuck Schumer says Trump shouldn't get a pass. Either. You cannot sweep it under the rug. Belknap was acquitted man Trump likely will be a swell since it would take two thirds of a 50 50. Senate to convict Saga Room agony. Washington World Health Organization says the coronavirus probably jumped from an animal to humans in China and did not emerge from a Chinese lab. That announcement was made this morning by a team of WH O investigators. They spent the last two weeks in Wuhan, China, the team says it is still not certain of the true origin of the coronavirus. Improvements to 1 83 could get underway later this year. A central Texas region Mobility authority picks Great Hill constructors as the company to design and build the nine mile stretch of improvements. It would add on another non told Lane and two told Blaine's in each direction. CTR Maze mark today says this project will help bring the stretches of the Metro closer together. Not only connecting the north to the south connecting Williamson with Travis this one's the critical one contract negotiations are ongoing. And if all goes as planned construction should start later this year. And the toll roads opened by 2026. John Colleen is radio K O B. J. Austen School district will consider bonuses for all teachers and staff Superintendent Stephanie ALS. Aldi has proposed $1000 retention bonuses for all full time teachers or staff who make up $250,000 for part time employees. She's proposed to $500 bonus and all would be eligible for that. Tells all day, so she's made this priority to the ongoing work employees have been putting in throughout the pandemic. Her proposal is on Thursday night school board agenda and if it's approved, those bonuses would go out next month. Patrick Osborne News Radio K LBJ Williamson County has taken the reins of the covert 19 wait list. Until this week it had been overseen by family Hospital Systems. Judge Bill Gravel says the county is now maintaining that database through its own website. Regardless of which medical provider people use to check your status, not necessarily your place in line, but you'll be able to check Your information to make sure that it's correct a 33 now. Kale BJ. Here's Austin's on time traffic with Melinda Brandt and the freeways don't look too bad. We are seeing just a little bit of congestion as you make your way North bound on 35 approaching slaughter to about Ben White. We also still have that collision out at 6 20 near General Williams and drive that continues to cause backups in both directions. You're next reports at 8 45. I'm Melinda brilliant with Austin's on time traffic. This segment brought mostly Sonny Hine today, 68 Increasing cloudiness. It would be mild tonight Low 54 from the Weather Center. I'm Steve Williams. This segment one.
KLBJ 590AM
"up $250,000" Discussed on KLBJ 590AM
"I'm Mark Caesar. This update is brought to you by Apple Leasing The Senate begins the impeachment trial of former President Trump. Today, The Senate will spend four hours debating whether it's constitutional to try a president who has left office with Texas Republican John Cornyn, reminding everybody it's now ex President Trump a private citizen. Trump's lawyers say it's unconstitutional. But Cornell expert Michael Dorf says There is precedent Belknap case former Secretary of war William Belknap, who resigned in 18 76 hours before he was to be impeached. The Senate still tried him and top Senate Democrat Chuck Schumer says Trump shouldn't get a pass. Either. You cannot sweep it under the rug. Belknap was acquitted man Trump likely will be as well since it would take two thirds of a 50 50. Senate to convict Saga Room agony. Washington World Health Organization investigators have spent the last two weeks in Wuhan, China. Trying to determine the origin of the coronavirus, head of a team of World Health Organization. Experts who've spent nearly a month in China investigating the origins of the pandemic, says it's highly unlikely the Corona virus escaped from a lab. The findings suggest that the laboratory incidents hypotheses. Is extremely unlikely. Speaking in will hand the city where the outbreak was first detected. Peter Ben in barracks says it's more likely the virus jumps to humans from an animal. We have to understand that these are complex studies. They need to be done in systematic win. That's how we By Pete can connect the dots, he says more work is needed. Simon Alan Fox News Austin School District will consider bonuses for all teachers and staff Superintendent Stephanie Ella's Aldi has proposed $1000 retention bonuses for all full time teachers or staff who make up $250,000 for part time employees. She's proposed to $500 bonus and all would be eligible for that. Tells all day, so she's made this priority to the ongoing work employees have been putting in throughout the pandemic. Her proposal is on Thursday night school board agenda and if it's approved, those bonuses would go out next month. Patrick Osborne News Radio K LBJ. Samson County has taken the reins of the covert 19 wait list Until this week it was being overseen by family hospital systems. Judge Bill Gravel says the county is maintaining the database through its website. Regardless of which provider you may use. You'll be able to check your status, not necessarily your place in line, but you'll be able to check Your information to make sure that it's correct. All information of those who have already registered will be imported into that new county database, The judge says. More than 100,000. People are currently on the wait list. 7 33 K. L. B J. Here's Austin's on time traffic.
Bloomberg Radio New York
"up $250,000" Discussed on Bloomberg Radio New York
"I'm Cameron Fairchild. This is Bloomberg. Best time Ed Baxter, and I'm Denise Pellegrini underneath. So if you talked to a few CEOs lately, you probably ran into one who is moving to Florida. You know, we should have been seeing people moving there. In fact, that had started pre penned up because the lower taxes and today's Blumberg, Sonali basic and Alex Steel had a chance to ask a board member of the Miami Downtown Development Authority. About Florida's day in the sun. Here's what meeting My 20 had to say about it. It has been around a long time, but which changed or a couple different things specifically in Miami. We have been investing in the arts culture. Talent communities for seven years now, really waiting for this moment to shine, and with the salt production issue that came up a few years ago, we saw a lot of people really pulled the trigger and move forward. And moving down to Miami. But what's really changed this time is Cove. It's kind of forced people to read, rethink a few things number one talent when we're all digital. People could be anywhere that makes it a lot easier to be comfortable that you'll be able to find the talent you need. Second part is just the business climate. I mean, we have the infrastructure here now, as I mentioned arts, culture, investments and talent, But we also have a very pro mayor Francis words. Who is leading the efforts on economic development, along with the downtown development Authority, where I served as a board member, So we've been working on this for seven years in the sun, moon and stars of all align In Miami is now seeing unprecedented numbers of groups moving down here across finance attack and other industries. You said. You've been at this for seven years. I know when we talked to a lot of financial executives up here. They talk about schooling and other things that they need to see from the city to move their families down there. How much is it changing and what kind of investments are you making that executives from the likes of Goldman and J. P. Morgan are asking for Sure, so I think first, you could follow kind of what's happening in the residential front. So while we've seen residential sales in Miami up 21% year over year, single family feels valued at a million of above are up 120% and luxury condo sales were up 88%. So it's telling us that these people are coming down here and they're coming down here much quicker than we've ever seen. We've also seen the number of our our our ideas over the registered vestment advisers over the last five years double so that created this foundation of talent. When we had companies like Universal, which was one of the first funds to move down here, Growth come down a three billion of a U N now at nine billion of a U N. What are other funds like I squared, which moved down just two years ago and has continued to grow both in a, um and talent. Then we've got local firms like H. IG and Babe US and management that have also had great says it shows that there's no issue in attracting talent retaining talent in Miami. What Kobe it's done through. The technology has just made it that much easier, given people that much more confidence, which is why we're seeing the likes of star with capital Appaloosa, Carl Icahn and other folks continuing to make the move down here. This is just the beginning. So we reported a few weeks ago that Goldman is considering moving their asset management unit down there. Reported over and over that, you know, Jamie Diamond has joked about the idea. What are your conversations like with the big banks? And what hesitations do they have? As an alumni of Goldman, which is where I met my wife with. Nothing would make me happier than seeing them down here is well. And I'm a private developer. Right? We're in the private equity space specifically on real estate. We're doing this large project Miami World Center. And we're doing an office building with behind corporation, one of largest office developers in the country, rather in the world. And this will be the first post co bid 2.0 office building. So what we're offering all of these folks that we're speaking to is we've got this great quality of life. We've got the education. We've got incredible private schools. Additional ones are coming like Avenue, which announced a year ago they'll be coming to downtown Miami. We've got Good flights coming in the museums, the art, the culture, the restaurants, the hotels, the residential options. We've got all of these different amenities that votes of this caliber are looking for but to bring up a good point is one of the most important questions we get. Asked is about education and that people understand what are superintendents doing with the public school system? And what the private schools are doing and reinventing themselves in growing. We have no shortage of infrastructure to support the spokes coming down here, so our message to them is simple. It's all we've always had great weather. We've always had great taxes. But now we have an incredible lifestyle toe offer in technology makes all of that much easier. What else do you feel like you guys can offer up? Follow the sun campaign that I mentioned, you know, offering up $250,000 over three years for relocating and creating some jobs. Mean, New York is gonna be able to offer a lot more than that In some respects. How do you match it? How do you beef it up? Yeah, it's a great question. So look, you could talk about the quality of life as far as pricing and housing right. You could talk about office space, which is 50% of what it is in New York City. But you're $150,000 isn't going to change the mind of a major fund for private equity shot looking to move down here, But what it does show is it reinforces our commitment to be a business friendly environment that attracts Businesses and once the studio's portfolio managers investment committees to know that we welcome them with open arms, and I think that's what the intensive it is right. No one's gonna make these Multi million dollar moves just because of 150 grand. We're looking to just use that as a positive message to reinforce how business friendly we really are. So it's not just New York that people are moving from. What are the other big areas that you're seeing people come down from its Boston Chicago? It's Los Angeles. It's London itself, Paula, We're getting people from all over. World that are coming to Miami. We just finished the project, Paramount Miami World Center where we had buyers from 63 countries. That's the kind of community that we live in down here. That's how dynamic the market is down here. And we're young city. Miami is a herd of the age of New York City. So this is just starting to happen. And some of these older cities where things have changed, maybe the infrastructure's change. Maybe the economic policies are changing, maybe the business friendly environment that helped create them. His weaning. Where is on Miami? It's on the up and up. We're here, open minded, open armed, Welcoming the business is to create jobs and improve our communities. Aside from financial services it then what other industries can really make a difference that you can also target here. The technology companies are also a big focus of ours. And so if you looked at what recently happened with shift pixie moving from San Francisco, right into the heart of downtown with 13,000 Square feet and 50 plus employees That was a big move. We have other companies, unicorns like grief that are sitting in downtown salt, big back venture funds or bad venture company that's doing extraordinarily well. Globally. We've got other ones like magically to me. He build all these great success stories that are happening in the South Florida region. With bright line, which is the train that connects Miami Palm Beach, Fort Lauderdale and will end of it for Lando eventually will will further create this larger talent pool that attracts the tech folks. So when we're speaking with the people of Blackstone, and why did you move your technology group here? You're saying we're not just looking at the tube and a half million people in Miami? We're looking at the seven million people in the Tri County area and so technology is a big focus for us because there's been a lot of success stories. Right out, and what we want to do is continue to let those folks know that there is a dense population of tech enabled folks down here that not only live here, but we'll come here not just.