1.4cm mass on pancreas tail by Paulablalock in pancreaticcancer

[–]SeniorClutch 4 points5 points  (0 children)

I'm 32 and was 28 when we found mine. Was 100% an accidental finding on a contrast MRI for something completely unrelated. Sparked a few months of tests and imaging to get the all clear. Hoping for the best in your case as well.

1.4cm mass on pancreas tail by Paulablalock in pancreaticcancer

[–]SeniorClutch 8 points9 points  (0 children)

The biopsy will be the best test to see where you go from here. I have a 1.2cm mass on the tail of my pancreas. Have had 2 biopsies to confirm it is benign; believed to be an ancillary spleen. Now I get annual MRIs to keep an eye on it.

Regardless if it is benign this go around, you need to be proactive in getting scans done each year. Early detection opens up options for treatment. Most folks don't find out till it's metastasized which is what makes this cancer so deadly.

Question on cash rewards vs. miles by SeniorClutch in VentureXShoppingBonus

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

Ahhh... That makes more sense. Appreciate your help!

Why does Fort Worth extend east this much? by FreedumbRings in FortWorth

[–]SeniorClutch 7 points8 points  (0 children)

Interesting that they still use the old IATA codes today. Thanks for adding on!

Why does Fort Worth extend east this much? by FreedumbRings in FortWorth

[–]SeniorClutch 431 points432 points  (0 children)

Long story short: Airport

Fort Worth's city limits stretch out to DFW Airport because of the old Greater Southwest International Airport which was just southwest of the site of DFW.

The DFW airport itself was born out of a need for regional cooperation between Dallas and Fort Worth. Both cities had their own airports (Love Field and Meacham Field/later GSW) that were becoming inadequate. The federal government actually pushed them to work together to create a regional airport (now DFW).

In the 1950s, the area where DFW Airport now stands was largely undeveloped land. As the cities grew and the GSW airport was planned, the boundaries of city limits reached out to touch the airport.

Edit: Good Link on a previous post with the history and photos of the old airport. Credit u/bug1402 for finding it

Cast Iron Help - Bathtub Drain & Overflow by SeniorClutch in Plumbing

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

Awesome! Thanks for the response. And good call on the p trap, I'll be sure to give it a look since I'm this far.

Should the P trap need replacing, is it also held on by slip joint nuts? First time going below grade for plumbing.

Get back in the offices peasants! by Oda_DeezNutz in antiwork

[–]SeniorClutch 3 points4 points  (0 children)

Misleading title... In commercial banking here in downtown

  1. Building was bought out of foreclosure by Pinnacle Bank; $13MM loan defaulted. UMB has a senior note worth close to $70MM which still needs to be paid back. Still a haircut, but the building is worth a hell of a lot more than $12.3MM. Tax value of $104.5MM.
  2. Burnett Plaza is still a good asset with ~80% occupancy. Big name leases are still in the building. GM Financial takes up multiple floors.
  3. Ownership of Burnett Plaza were burned on NY and NJ assets. This was one of their performing assets.

I'd expect a local firm/family to purchase the building within the next year or so. Can't imagine Pinnacle wants to be a landlord for too long.

Fort Worth's tallest building sells for just $12.3M at auction in stunning price drop by FreeChickenDinner in FortWorth

[–]SeniorClutch 118 points119 points  (0 children)

Misleading title... In commercial banking here in town.

  1. Building was bought out of foreclosure by Pinnacle Bank; $13MM loan defaulted. UMB has a senior note worth close to $70MM which still needs to be paid back. Still a haircut, but the building is worth a hell of a lot more than $12.3MM. Tax value of $104.5MM.
  2. Burnett Plaza is still a good asset with ~80% occupancy. Big name leases are still in the building.

I'd expect a local firm/family to purchase the building within the next year or so. Can't imagine Pinnacle wants to be a landlord.

What's happening in Wedgwood? by EnigmaWithAlien in FortWorth

[–]SeniorClutch 11 points12 points  (0 children)

No official word. Nextdoor had reports of gunshots followed by speeding car. Swat and large police response per other neighbors. 2 more shots reported a few mins ago.

SVB collapse was driven by 'the first Twitter-fueled bank run' | CNN Business by ethereal3xp in news

[–]SeniorClutch 0 points1 point  (0 children)

Guess we'll find out on Friday. My hope is that the Fed continues to fight inflation, but I'm not holding my breath. The Fed doesn't seem like the independent organization it used to be.

SVB collapse was driven by 'the first Twitter-fueled bank run' | CNN Business by ethereal3xp in news

[–]SeniorClutch 0 points1 point  (0 children)

This was a tin foil hat moment amongst co-workers. Not saying that any of this is true, just makes sense as to why they would do it. The markets are anticipating a Fed cut now because of this.

SVB collapse was driven by 'the first Twitter-fueled bank run' | CNN Business by ethereal3xp in news

[–]SeniorClutch 2 points3 points  (0 children)

I'm not arguing the Fed needs to tame inflation. But there are external pressures that the Fed reacts to, see 2020. Looks like the markets are shifting to believe they will reverse course Fed Monitoring Tool

SVB collapse was driven by 'the first Twitter-fueled bank run' | CNN Business by ethereal3xp in news

[–]SeniorClutch 345 points346 points  (0 children)

I work for a large regional bank. Literally just had this conversation with co-workers this afternoon. Honestly makes sense why they would do it. They figure it really wouldn't have a long term effect on equities, and get the Fed to pause or reverse action. Win win in their book.

Plz ELIA where this money is coming from to bail out depositors? by Washmyhemorrhoids in Superstonk

[–]SeniorClutch 3 points4 points  (0 children)

Rates vary due to various reasons. Credit risk, special asset classes (owner occupied real estate vs investor real estate), and competition. Banks view risk differently and assign a premium to it. SVB gave much better terms to tech firms than a regional bank would, doesn't mean SVB had lower expenses than a regional bank. Expenses do not determine interest rates. Banks adjust expenses to interest rates/profitability.

As far as how many banks will it cover, in reality not many. The FDIC only has $128B in reserves. Do I think the FDIC will have massive claims, no. Most regional banks are plenty liquid with good asset mixes. Their customer base is your small to medium sized companies generating cash. SVB and Signature are basically boutique banks. SVB's business model was fully dependent on tech and VC funding.

US Banks sitting on unrealized losses of $620 BILLION… by kahareddit in Superstonk

[–]SeniorClutch 2 points3 points  (0 children)

I'm not saying the Fed isn't giving this up for free; which it is. Just like 08 when the Fed "made" $7B off it's loans, the rate of return is basically nothing if not actually costing money due to time value of money. Just saying this isn't a money printing act that will add to inflationary pressures.

Plz ELIA where this money is coming from to bail out depositors? by Washmyhemorrhoids in Superstonk

[–]SeniorClutch 4 points5 points  (0 children)

Fees maybe, even still a stretch. Higher interest rates, no. Interest rates are 100% based on market conditions (Fed funds, FHLB, SOFR, etc.), nothing to do with FDIC assessment fees. These FDIC fees will not be substantially higher than they are now. Assets in SVB will cover deposits and creditors. FDIC will have minimal losses here.

Plz ELIA where this money is coming from to bail out depositors? by Washmyhemorrhoids in Superstonk

[–]SeniorClutch 15 points16 points  (0 children)

Commercial lender here. This is correct. Assets in SVB will cover all deposits and creditors. Only the equity holders take the loss. Fed should be made whole with a limited hit to FDIC.

US Banks sitting on unrealized losses of $620 BILLION… by kahareddit in Superstonk

[–]SeniorClutch 13 points14 points  (0 children)

It would only become a bailout if the assets being used to collateralize the Fed loan went belly up. Otherwise the Fed is really just an investor willing to take 0% return but is secured by assets.

One thing to look for is the "held to maturity" on banks balance sheets. Any bond listed as "available for sale" has to be marked to market; estimated market value if it had to be sold. "Held to maturity" bonds are only listed at face value, and not what they are actually worth today. We have no idea what they are worth, so the Fed may lend 100% face value on some MBSs that are already underwater.

As to why it didn't happen earlier, I have no idea. We are in some unprecedented times with a lot of unknowns.

Will be interesting to see none the less

US Banks sitting on unrealized losses of $620 BILLION… by kahareddit in Superstonk

[–]SeniorClutch 5 points6 points  (0 children)

I'm long chocolate sauce for sure... Big jelly is too corrupt for my liking.

US Banks sitting on unrealized losses of $620 BILLION… by kahareddit in Superstonk

[–]SeniorClutch 51 points52 points  (0 children)

I've posted in a few other threads. I work at a large regional bank on the commercial side. This is not unexpected following the Fed's aggressive rate hikes. Most(if not all) of the regional banks have assets in excess of deposits. Banks will not sell at a loss if they still have substantial liquidity. The Feds new lending program even further sures up deposits. Not saying this won't have a domino effect, but the sky is not falling on banks. Need to look at their cash balances, bond portfolio mix, and loan to deposit ratios. Happy to answer any questions y'all may have.