Banking
April 10, 2023
April 3, 2023
Tesla was worth around $25b (similar to Twitter today) when Musk said it could be worth as much as Apple. Now he says Twitter can be worth as much as BofA.
David Stevens makes a case for why banks are bigger risk takers than nonbanks
March 30, 2023
Nonbank mortgage companies (called independent mortgage banks or IMBs) are not risk takers. Banks are risk takers. Banks retain both interest rate risk and credit risk where IMBs pass all of that through.