Their long term interest income from Treasuries is eroding because they made some bets at yields that can’t match 5-10 year CDs rates for their customers. Typically they make these differences up by raising fees, but the commercial component of their interest income has declined 1% each of the last 3 years.

Fundraiser for the local animal shelter?

Can confirm... neighbors have an F-250, spec’d with every option and a G550 that have never seen snow use let alone an ounce of dirt.

A dig into the Q1-2024 shows they have a yield exposure that if rates fall too far, they might feel some pain. Long term securities are decreasing in interest payments around 2% on average.

Their compensation models are calculated on assets under control along with profit. But we all know it’s a shell game of how the compensation committee plays with the numbers as the payment schedules.

The $5M penalty for the insurance scam isn’t enough... $214B in assets makes this a rounding error (Sure it’s customer funds for the most part, but clawback the bonuses and maybe this gets future bad actors a second thought?)

Thinks like an Economist...

Hovey loaned the fraudster the money, who in turn paid it right back to Hovey. It’s a shell game where Hovey had to return the money from an external loan back to the originating authority (assuming a 3rd party lender). Otherwise, they are a party to the theft.

Without knowing the circumstances of the loan details, I’m making an assumption Hovey didn’t do much more than a cursory credit hit.

It’s within the realm of possibilities that the consignment joint is the one who financed the loan and had not yet sold it to another financial institution.

As a Blue-Eyed person, if I don’t have full representation... 

Forbes’s reporting is flawed to begin with. So much of the data is bent to met a narrative rather than offer fact.

Sourcing the Phone Dial rims runs about $1400 which would fix concern #1. IF they still have the tail parts, it’s the right price. Otherwise this should be going $17K due to lack of original parts.

They began production June 5th in S.C.

Cash for Clunkers was a backdoor stimulus program coming out of the 2008 financial Crisis as a way to spike near-term car sales. Getting old, rusty, truly fuel-inefficient vehicles off the road was the tagline, but did removing 675,000 cars really do much? Nope.

I doubt most of the D.C. political crowd knows the difference between a Hybrid and a PHEV. Hell with the science denying crowd they might not realize Dinos even are the source.

The US incentivized the wrong tech as the transition point for EVs. PHEV/Hybrids would have been the place to start. Lower the demand on fossil fuels and continue to build out Charging Infrastructure while getting people comfortable. Taxes/Registration based on Gross Weight helps as well.

If I could find a not clapped-out, rust (free) example, I’d spend the time modding/restoring it. This generation of the car was my college want.

Showed a Massachusetts Driver’s License a few years back at a hotel in Annapolis...

When your truck goes full Hal9000...