Wrestleknownothing
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Everything posted by Wrestleknownothing
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Trump and the Race for Cash
Wrestleknownothing replied to Wrestleknownothing's topic in Non Wrestling Topics
There are certainly frictions involved. The insurers who post bails typically do not accept real estate as collateral as they do not have the methods in place to place liens and to liquidate like a bank does. So to use real estate it becomes a two stage process. Borrow money from banks against real estate collateral, pledge resulting cash to surety company to post bond. That takes time and is pretty expensive with all those mouths to feed. That is why DWAC is so important. As a marketable security, that is something surety companies are used to dealing with. But issues of liquidity, meme-ness, lock ups, etc. would have to be dealt with. -
Trump and the Race for Cash
Wrestleknownothing replied to Wrestleknownothing's topic in Non Wrestling Topics
I think that is standard. https://www.americanbar.org/groups/judicial/publications/appellate_issues/2019/summer/staying-judgment-with-appeal-bonds/ -
Bonus points are less correlated to seeds than other ways of scoring. So, if they are including bonus points in the scoring then the higher seeds are slightly over priced. It looks like this with bonus (negative means overpriced): Now you need to figure out which of the ten #13 seeds will bust the bracket the most.
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Trump and the Race for Cash
Wrestleknownothing replied to Wrestleknownothing's topic in Non Wrestling Topics
Developers always put debt on their completed projects. Real estate is built on leverage. And there is no putting your (lender's) head on the chopping block. The court has no recourse to the lender. They only have recourse to Trump, which is why he needs the loan. Which is why the lender wants collateral and recourse. -
The First Annual Dark Horse Derby Challenge
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
But speaking of names that are on the nose... Gunner Filipowicz? Army? Yes, please, and thank you. -
The First Annual Dark Horse Derby Challenge
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
It is a shame no school has a stallion as its mascot. That would have been pleasingly on the nose for one of these schools. I guess a cowboy on a dark horse is as close as we get? -
The First Annual Dark Horse Derby Challenge
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
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The First Annual Dark Horse Derby Challenge
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
And here is our first surprise. There is a clear favorite at the weight with no clear favorite We all love ourselves some Michael DeAugustino to rise from the bottom half of seeds like a glorious Maize and Blue Phoenix. 133, 197, and 149 (in that order) have the least consensus. This is where titles are won and lost. -
The First Annual Dark Horse Derby Challenge
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
No, real surprise that the most popular dark horse pick comes from the 18 seed, given the easier(?) potential round two match: Meanwhile, no one wants to take a flier on a 32 or 33. Have we forgotten about Wyatt Sheets already? -
I do not see any other changes
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Trump and the Race for Cash
Wrestleknownothing replied to Wrestleknownothing's topic in Non Wrestling Topics
Alternative interpretation. This is an example of risk management and pragmatism writ large. When asked to testify that they were harmed by Trump inflating the value of his assets, the banks made a very pragmatic choice. Having been paid back in full there was no point, and a lot of business risk, to poke at the presumptive Republican nominee for President. Kind of like testifying against Santa Claus in Miracle on 34th Street. So they declined to testify against him. There was no upside, only downside. But now that the question is, do you want to lend him money again against what he says his real estate is worth? The answer is a resounding no. Kind of an endorsement of the verdict. Are you upset he did it? No. Are you willing to do it again? Also, no. -
Jacob Brya (NIU) your table is ready.
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The First Annual Dark Horse Derby Challenge
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
@Idaho, @JimmyBT, @Harpyeagle Vince Cornella (#24 at 141) is apparently out of the tournament. That means 1st alternate is in at #33 and #25 through #33 move up a slot. You have each picked wrestlers at a lower seed, so it impacts your first round match ups. Everyone else, maybe you have modeled out every match at 141 and can see the future with clarity, so this messes you up too? I don't know. But if anyone wants to change their pick, let me know by tonight. -
You give Alberts too much credit. I believe he is a current coward.
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Trump and the Race for Cash
Wrestleknownothing replied to Wrestleknownothing's topic in Non Wrestling Topics
probably -
A fascinating race is being set up. Donald Trump needs to post a $454 million bond in order to appeal his fraud conviction in NY. If the deadline is not extended, the bond is due on Monday. As of right now, Trump is having a hard time securing financing for the bond. How strange. His defense was that whatever he made up about his financial condition was fine because banks were willing to lend to him regardless, since they knew he was worth far more than the loans. Now he can't get them to lend him money against his real estate holdings. Instead they want cash or marketable securities. And of course, they take a haircut, so they actually want something like $557 million of securities to lend him $454 million. Meanwhile, DWAC, the SPAC looking to acquire Trump Media, has a shareholder vote on Friday to approve the deal that would be worth ~$2.8 billion to Trump. If the vote is Friday and the bond is due Monday, can he get the shares in time? Not normally, but I wouldn't count it out in this case. He would also need to get DWAC to agree to wave a provision that says he cannot sell or post the shares as collateral for at least six months (lockup agreement), which, I think they would. But if you are a bank, how much would you lend against those shares? Before you answer, remember that DWAC is a meme stock. Truth Social has never made money. The stock price is pretty much a measure of Trump's celebrity. And the stock is locked up for six months. So if things went sideways you could not sell the collateral for some period of time. Aint finance grand?
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Most Intriguing Matches on Thursday
Wrestleknownothing replied to Preceptor's topic in College Wrestling
Yeah, like I said, 17 v 16 -
Coach Manning calling a spade a spade!
Wrestleknownothing replied to jajensen09's topic in College Wrestling
He arranged the byes so that his wrestlers would be guaranteed enough matches (all layups) to up their match total and win% to secure some AQ spots. -
Most Intriguing Matches on Thursday
Wrestleknownothing replied to Preceptor's topic in College Wrestling
Fine question. -
The First Annual Dark Horse Derby Challenge
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
No Okies either, though. -
Most Intriguing Matches on Thursday
Wrestleknownothing replied to Preceptor's topic in College Wrestling
Every 125 match. I love these 17 v 18 matchups, but especially the rematches: The Teague v Mauller rematch at 157 The Brown v Bouzakis rematch at 133 -
The First Annual Dark Horse Derby Challenge
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
No Hokies? Might be time to change the first letter of your username.