Category: LAW
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Slice and Dicing (and selling) Loans
Hidden Risks in Global Finance Shift in Insurance Strategy Systemic Warning Signs
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HSBC Shenanigans
In 2012, HSBC Holdings (HSBC), one of the world’s largest global banks, was hit with a $1.9 billion fine for, most notably, serving as a conduit for Mexican drug cartels. The penalty, which was coupled with $665 million in civil penalties, exposed severe problems with the bank’s compliance and anti-money laundering (AML) controls. It ranks…
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College Sports and Contracts
“How Money Has Permanently Changed College Basketball” delves into the profound effects of Name, Image, and Likeness (NIL) on the sport, noting a shift in recruitment practices as teams leverage collective funds to financially incentivize players, leading to concerns about competition dynamics and the integrity of the game. Coaches are retiring due to the increasing pressures from…
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Change the Fed
Dimon discusses the burdens that excessive regulations and tax structures impose on small businesses and lower-income individuals. He argues for a tax system that fosters growth, including doubling the Earned Income Tax Credit , while advocating for more streamlined regulations to alleviate the disproportionate compliance costs faced by smaller banks. Dimon critiques the Dodd-Frank Act for its…
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“Tariffs are a little like whiskey”
“…too much whiskey under the wrong circumstances will make you drunk as a goat” – Sen. John Kennedy The Trump administration used a declaration of national emergency to implement tariffs. Congress has passed multiple laws explicitly giving the president discretion over tariffs: Feature Tax Tariff Scope Applies to domestic individuals and businesses Applies to international…
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Live…From Jail
Sam Bankman-Fried shares his two-year experience in MDC Brooklyn, describing the prison environment as dystopian. He reflects on the psychological challenges of confinement, the difficulties accessing legal resources during his trial, and the limited engagement in daily activities that impede his mental well-being. Bankman-Fried discusses his disconnection from the digital world and the complexities of…
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Microsoft’s Quantum Gate
AGI Plan & Quantum Breakthrough,” Satya Nadella reflects on his early experiences in technology development, connecting past lessons with current advancements in quantum computing and artificial intelligence (AI). He emphasizes a “full stack” approach to tech, highlighting the significance of long-term trends over fleeting fads, especially in recognizing where value will be created within AI…
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NSFW Markets…
“How Cartels Actually Operate in America” delves into the nuanced operations of drug cartels in the U.S., particularly contrasting their cunning strategies with the government’s often violent portrayal. It features insights from former trafficker Pierre Rini and emphasizes that cartel presence in the U.S. is minimal, with actual drug trafficking largely carried out by independent Mexican nationals…
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A Chat With GPT…
Trump, Elon, and a few others now face a moral and ethical dilemma about what to do with their businesses. Check out my conversation with ChatGPT Greg Why did hank paulson not pay taxes on his goldman sachs stock before becoming a government official ChatGPT Henry “Hank” Paulson was legally exempt from paying capital gains…
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The Thiel Experience
I’m not sure if Thiel is at the same level of Bond villain as Elon or Sam Altman but this interview was entertaining at 1.5x. Peter Thiel and Joe Rogan discuss various topics including Thiel’s contemplation of leaving California and the country, the US budget deficit, the paradoxical nature of California’s economy, and the history…