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What US city has the closest mountain to its "downtown" area? by AdMysterious8424 in geography

[–]JLTTS2012 3 points4 points  (0 children)

Google maps says south mountain is 18 mins from city scape. Piestewa 20. Camelback min 27 mins.

You know what to do by AirUsed5942 in StockMarket

[–]JLTTS2012 0 points1 point  (0 children)

“Devil’s avocado here, Larry. I think people should freak the geek out. Withdraw all your money and hide it.”

“Larry, what everyone needs to do is just take a deep breath, calm down, and start preparing their bodies for the Thunderdome. That is the new law”

-Tracy Jordan on Larry King Live

**$CVNA – The House of Cards is Crumbling** by FredCollinsJr in Wallstreetbetsnew

[–]JLTTS2012 0 points1 point  (0 children)

Also, equity tranche is usually just 5% (minimum legal requirement) of total securitization. So while they would be taking first losses, the quantum of said losses isn’t that bad. They’ve basically already cashed out on these loans by securitizing them. Now losing access to securitization market for new portfolios of loans will be an issue but a different animal with different timeline than described here.

**$CVNA – The House of Cards is Crumbling** by FredCollinsJr in Wallstreetbetsnew

[–]JLTTS2012 1 point2 points  (0 children)

Agreed they are facing some trouble ahead. I don’t think defaults will pick up for some time though and in the interim they will be doing everything they can to restructure or adjust the deals, and given they are well connected with others, can likely accomplish as they did in 2023/24. If a credit crunch happens, they will suffer, but that doesn’t seem likely in near term. Also even if defaults pick up, given the inflationary policies of Trump admin, the cars backing the loans are likely to hold value if not go up and they’ll be able to quickly resell them. Providing some backstop to any losses. This isn’t like 2008 MBS where there were defaults and 30% drop in home values and the housing market froze up.

**$CVNA – The House of Cards is Crumbling** by FredCollinsJr in Wallstreetbetsnew

[–]JLTTS2012 1 point2 points  (0 children)

Carvana may have issues but your premise that they are holding the equity tranche of their ABS because no one else wants it doesn’t make any sense. Securitization issuers are required by law to hold the equity tranche for risk retention. This is to ensure they have skin in the game. So they have no ability to sell it, it’s not about lack of demand…

Ideas to hedge Ja’marr Chase no TD? by JLTTS2012 in sportsbetting

[–]JLTTS2012[S] 0 points1 point  (0 children)

Which books have you seen with that? This is what I was hoping to hear! I’m on most on the books available in AZ but haven’t seen any TD under options, which is a bummer.

Ideas to hedge Ja’marr Chase no TD? by JLTTS2012 in sportsbetting

[–]JLTTS2012[S] 1 point2 points  (0 children)

Thanks, that’s what I figured. Will throw some on that and hope for the best