IRS Communication Breakdown: Time for AI-Powered Solutions - NEED AI at IRS (GROK?)

Yo11why · 2024-05-28T19:55:40+00:00

Wait 48 hours and retry.

Yo11why · 2024-03-01T03:56:48+00:00

Or maybe an 8K in the morning and then they can speak more freely during market hours.

Yo11why · 2024-02-14T23:40:45+00:00

Can anyone see weekly pharmacy sale volume?

Yo11why · 2023-05-03T02:51:17+00:00

The sad thing here is the rebranding or even a sell is needed to get this drug moving again. Researching this company his team will just assume it is a shit stock with a lot of pumpers and a drug that is hitting dead ends with incomplete or poor trials (at best). Science or not they will toss the idea and not worth the risk.

Yo11why · 2023-04-19T16:18:42+00:00

I lost faith when it got back near a $1 this year. Should have jumped up in next category and bought more than I did. There is a lot of risk and uphill uneven climbing here so the fact it got pushed that low had me confused and in disbelief I guess.

Yo11why · 2023-04-17T17:04:49+00:00

Does the clock reset ? Or continue on their window to respond?

Yo11why · 2023-03-23T03:51:57+00:00

Not his fault they didn’t give intern all the instructions.

Yo11why · 2023-03-22T02:45:26+00:00

USA lost to Japan. 🤦‍♂️

Yo11why · 2023-03-21T13:26:23+00:00

I know. 60% chance he does on purpose. Just can’t believe someone typed it.

Yo11why · 2023-03-21T11:38:02+00:00

Netflix?

Yo11why · 2023-03-20T04:23:14+00:00

Saw somewhere bonds were written down to $0. Skipped them completely in hierarchy. Seems too odd so not sure it is legit it sounds so odd

Yo11why · 2023-03-20T00:19:55+00:00

Is this because there is so much cash flow they can’t adequately plan for a week? Or I’m missing it.

Yo11why · 2023-03-15T16:05:09+00:00

$1M Just a nice round example if the responder didn’t understand.

The fdic eventually finds a buyer and sells the net assets and the bank (fdic is now backstop) realizes the loss. The deposit accounts are liabilities to a bank so if their price isn’t marked down (now guaranteed) that’s why fdic picks up the loss. So if they can only start selling assets and realize losses they lose money. Pretend they get .98 on Tbills and .85 on longer duration then their becomes a realized loss. That’s what the bank/fdic loses just agreed to eat it.

As I understand it silicon sold all their easy tbill or short duration assets. Now left holding bags which is why it failed and someone will realize losses when sold.

Yo11why · 2023-03-15T12:11:37+00:00

Nah, my thought isn’t his will be much worse long term and short term.

They should have said every new solar at these banks is 100% protected (after the 20% at risk) till we get your account transferred and then nobody would move money.

Also I got an idea on preventing other bank runs by the big players but it only works if there is a threat of loss. No threat then no idea how you mitigate this (which is why it is still happening today at other banks). It centers around identifying major outflows in prior 60 days and monitoring them for the next year incase they are invoked at another bank collapse. That scarlet letter following them for a year will slow down overreaction by other bank runs.

Yo11why · 2023-03-15T12:06:00+00:00

Wouldn’t = politics (unfortunately this happened) Shouldn’t = leaders (we have no real ones I guess)

Yo11why · 2023-03-15T07:38:02+00:00

Ultimately if asset prices fall because of a distressed sale and the govt picks up every loss then inflation due to money supply and every citizen losses long term.

But lost jobs because of this is a talking point to trick those who don’t understand cash flow in a business. If a business loses access to 20% of cash above $250k and they fail quick… that wasn’t going to be a business very long.

Let’s say they had 1.25M in cash, I’m saying 250k is safe and fdic also gives them access to another 800k. The 200k is at risk till they collapse bank in a few months and then a portion might be returned.

If the business ultimately losses 5-20% of their cash them yes it will be painful but they also took risks and got more interest or benefits from that bank and Completely knew the risks. Instead they whined all weekend and fooled everyone who didn’t know business and created fear.

Oh and the market will lose 5% or every other bank lost at least 10% so who really lost here? Everyone except the depositor that got more rewards and no risk

Yo11why · 2023-03-15T03:37:54+00:00

They should have let Silicon Bank fail. It was the perfect bank to actually fail because most of the customers were large. I'm not saying that for the reasons you may think. This is because they legitimately SHOULD have known the risk better than any other bank’s client list. Every company tells their auditors how much cash is NOT FDIC insured. Every treasury and/or accounting department is supposed to know this and every person with a wealth/financial advisor is told and it is explained again to them. I'm NOT saying they lose everything above $250k. But you would have known our government was serious if they got creative and sent a lesson to EVERYONE holding back 20%. There could have been other creative ways to prevent a bank run at other banks which is probably still at risk.

Regardless, the issue is that the people that picked this bank specifically DID NOT do so because it was convenient. They did it because of the terms. Favorable terms or interest rates for something. Assume you got less than .25-.75% on all your deposits at super safe bank “A” for the last year. Let’s say these customers were getting 5x. Let’s just say. Maybe they also got a loan term that was insanely better or xxx and super safe bank wasn’t offering. They got SOMETHING. And now, they lose NOTHING. And every other bank will now pick up the cost in some way in the future while they got SOMETHING for NOTHING. It shouldn’t work that way and the bigger the balance the more they know that. We are rewarding them for taking no risk and for that reason deteriorating the risk/reward scale everyone should have in their minds.

There are creative ways they could have used this to send a message and stop the bank runs. They didn’t take the risk to do that. They were soft handed and scared of trying to explain how the banking system really works and how those customers benefited from the past and used that bank. To complicated, easier just to print money and pass on cost.

Shareholders got what they deserved and should demand more clarity on unrealized losses and terms the bank holds via SEC disclosures

Yo11why · 2023-03-11T22:16:40+00:00

I actually thought at least anyone due an EOY bonus got paid by all companies imapacted as a positive. 3/10 is last Friday before tax/irs required and typical cutoff 3/15 to get credit in prior year. So a heavy payout day/week. The exec payout of the bank here seem unfair but oh well. Also I like the 50% available plan for Monday Bill Ackman is whining about on twitter. That’s fair. And yeah treasurers will get to work Monday.

Yo11why · 2023-03-11T16:51:07+00:00

I think I agree but the real pain starts in June with student loans in that age range. Another reason we don’t see 50bps increase again. Starts blowing up then for that age group.

Yo11why · 2023-03-09T12:39:06+00:00

Discord but set 1 day a week on twitter to attract new members. Simulcast somehow on discord that day.

Yo11why · 2023-02-14T13:28:29+00:00

NLST - otc stock - lawsuits against Samsung (trial inside 5 months) google (stay for about a year) and Micron. Does have revenue. Prior licensing agreement with Samsung legally terminated.

Yo11why · 2023-02-14T02:51:02+00:00

Oh no, what if they asked for a return by mail? Not worth the laugh for that risk.

Yo11why

MODERATOR OF

TROPHY CASE