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Big Bank gets into with Roscoe Dash’s former Manager Boomman over comments about SELLING ROSCOE DASH!!!!! #bigbankblack #bigbank #roscoedash #rapbeef #boomman

47,502 görüntüleme • 6 ay önce •via X (Twitter)

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The Bank of England spent every foreign reserve it had trying to defend the pound on September 16, 1992. One hedge fund broke it by tea time. The fund made about $1 billion in a single afternoon. UK taxpayers lost £3.3 billion. Most people credit George Soros. The man who actually built the trade was 39 and had been working on it for six months. His name is Stanley Druckenmiller. He was Soros's lead portfolio manager at Quantum Fund. He is 73 now and still trading. Druckenmiller had been watching the pound since spring. Britain had joined the European Exchange Rate Mechanism in 1990. The rules were simple. The pound had to stay pegged inside a fixed band against the German mark. If it slipped, the Bank of England had to buy pounds and raise rates to defend it. Druckenmiller saw the flaw. Britain was in recession. Germany was booming after reunification and had raised rates to fight inflation. The pound needed to fall against the mark to help the British economy. The ERM said it could not. The Bank of England was defending a peg that fundamentals said should not exist. He built a short position through the summer. Around $1.5 billion at first. Big but not enormous. On the evening of September 15, Helmut Schlesinger of the Bundesbank made comments to journalists suggesting the pound was weak. The wire hit Druckenmiller's desk. He walked into Soros's office and said this was the moment to press. Soros told him to go for the jugular. He wanted the trade sized to $10 billion. Then $15 billion. The next morning the Bank of England started buying pounds and selling marks to defend the peg. It raised rates from 10 to 12 percent at 11am. Raised again to 15 percent at 2:15pm. Neither move stopped the selling. By early evening the government announced Britain was leaving the ERM. The pound crashed. Quantum closed the trade over the next few days. Total profit around $1 billion. The Bank of England was gutted. Druckenmiller went on to compound at over 30 percent a year for 30 years and never had a losing year. The BBC documentary about the day, made in 1997, is on YouTube. The story is not really about Soros. It is about correct analysis, patience through the summer, and having a boss who tells you to size up when the setup arrives. Every trader who has read it since 1992 has looked for their version of it. Nobody has found one that big.

Veles

138,041 görüntüleme • 2 ay önce

Bank manager feels she gets to decide what rights people have on a public sidewalk. She calls the police and lucky for her she got a deputy that is just as ignorant about the laws and citizens rights as she is. Deputy L. Crawford of the Lake County Sheriff’s Office was the officer that responded and tries her best to violate this man's rights. ​The reason the call came in from the bank manager was due to concern that the man was filming from the sidewalk and capturing sensitive customer data on their monitors. The first thing Deputy Crawford did when she arrived was to immediately attempt to trespass the man and demand his identification. ​ The man remained on the city sidewalk, which is traditionally a public forum where filming is a protected right. ​Florida Law (§901.151): Under "Stop and Identify" statutes, an officer cannot legally demand ID unless they have Reasonable Articulable Suspicion (RAS) that a crime is being, has been, or is about to be committed. ​The man argued that if the bank didn't want their screens seen, they should have moved them or used privacy film. Legally, anything visible from a public space is generally fair game for a camera. ​The tension peaked when the deputy noted the man was "physically shaking" as a justification for a wellness check, while the man countered by saying he gets frustrated when dealing with a bad cop referring to her being "baited" into an illegal detention. ​Know your rights folks, do not allow ignorance to bully you out of them. Also that bank is terrible if it has any screens facing a public window. The bank is responsible for putting people's personal info at risk. Let me know if you agree or if you have a different take.

Giggling Gannon

297,198 görüntüleme • 4 ay önce

Scotiabank fires executive for antisemitic comments online after Rebel News exposé Scotiabank appears to have finally taken action and fired its former Senior Credit Structuring Manager, Rayan Malak. Guest host David Menzies reacted to Scotiabank firing one of its executives only after Rebel News published a report exposing the man's disturbing online posts towards Jews. As David explains, leadership at Scotiabank seemingly refused to take action and fire Rayan Malak despite Rebel News' contacting its media relations department about the comments. The bank appears to have only sprung into action following Rebel News' publication of a report exposing some of the concerning statements that Malak has allegedly posted online over the years. "The point is the bank no longer had an excuse that they were unaware of Malak's online hatred. They had at least a week to get ahead of the story, yet Scotiabank chose not to do so," said David. "That was a very bad choice, because fast-forward to last Monday afternoon when our story about Malak was published, and can you believe it? Within hours of this story making the rounds, it appears Scotiabank did indeed fire Malak," he continued. "Our friend Leviathan told me that all of Malak's official contact information has now been scrubbed from Scotiabank's website," David added. A source in the financial services sector revealed to David that Scotiabank CEO Scott Thomson apparently sent an internal email to employees confirming Malak's firing and stating 'there is no role for hate.'

Rebel News

25,979 görüntüleme • 10 ay önce

If you ever going to buy a Car through Finance, stop what you doing, watch & read this 😮. Kindly share it with ALL your friends, families and enemies 🫣 DIC also known as Bank Kickback ‼️Explained in the most simplest form possible. When you buy a car through financing, the bank approves a wholesale interest rate (known as the "Buy Rate") based on your credit profile. However, the Finance & Insurance (F&I) manager/person is usually allowed to mark up that interest rate before presenting the final offer to you. The bank and dealer then split the extra profit generated by this higher rate. This kickback, often called dealer reserve or finance commission, is paid directly to the dealer or F&I manager for INFLATING your rate 😮 Comparison Scenario: 72 Months Loan Both buyers put down a R0 deposit and finance the full price over 72 months (assuming simple, non-residual financing without balloon payments): Seller A (Fair Deal): R1,000,000 purchase price | 10.5% interest rate. Seller B (Marked-Up Deal): R980,000 purchase price | 14.5% interest rate. The Kickback Breakdown 1. Seller A (10.5% Base Rate): Interest Markup Kickback: R0 Outcome: Seller A passed along the exact bank rate. The customer saves R115,200 in total costs compared to Seller B, despite the sticker price being R20,000 higher upfront. 2. Seller B (14.5% Escalated Rate): Total Extra Interest Forced on Customer: R135,200 F&I / Dealer Kickback: Depending on the bank's commission split (dealers typically retain 60% to 80% of the interest spread profit), Seller B's dealership gets a kickback payout of roughly R30,000 to R50,000+ paid out by the bank upfront or over time. Outcome: Seller B seduced the buyer with a R20,000 discount on the sticker price, only to quietly claw back over R135,000 extra from the buyer in high finance charges. Key Takeaway for the Public, "A lower car price with a marked-up interest rate is almost always a trap." If it’s not mileage manipulated, undisclosed accident damage it’s the escalated interest rate they going to catch you on. “Ever heard we only selling this one through finance”? Well this could possibly be the case. Always ask the F&I manager directly: "What is the bank's approved base buy-rate for my credit score, and what rate are you quoting me?" Always negotiate the interest rate as aggressively as you negotiate the purchase price. Lastly please always go to the Bank Directly or straight after you have received your first finance approval. DO NOT BELIEVE THEIR WORDS OF FEAR that they use to scare you!!

VIEW4YOU

14,123 görüntüleme • 10 gün önce

Dario Amodei (CEO of Anthropic) explains why selling AI to businesses is better than selling it to consumers: One of Anthropic's smartest early decisions was choosing enterprise customers over chasing a billion free users. Dario's reasoning comes down to a simple principle about business incentives: "It's very hard to fight your own business incentives. It's easier to choose a business model where there's less need to fight your own business incentives." He's openly worried about where consumer AI leads: "I have a lot of worries about consumer AI that it kind of leads to needing to maximize engagement. It leads to slop. We've seen a lot of stuff around ads from some of the other players." Anthropic's model sidesteps this trap entirely. Dario continues: "Anthropic is not a player that works like that or needs to work like that. We just sell things to businesses and those things directly have value. We don't need to monetize a billion free users. We don't need to maximize engagement for a billion free users because we're in some death race with some other large player." The insight here is structural, not moral. Dario Amodei isn't claiming Anthropic is more virtuous than its competitors. He's pointing out that consumer business models force companies into engagement-maximization and ad-driven monetization, regardless of what their leaders personally want. By selling directly to businesses that need accuracy and reliability, Anthropic's revenue grows when the product gets better, not when it gets more addictive.

Big Brain AI

123,615 görüntüleme • 4 ay önce