The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Masters: J.P. Morgan intentionally avoided 2006 subprime market despite losing share
“All of that combined with what I think frankly was just a great judgment call on the part of Jamie and the executive management team at JP Morgan later in 2006 and seven in avoiding the subprime home equity lure. The trap. Super extraordinary volumes of activi…”
Masters: Regional banking crisis stemmed from liquidity mismatches, not credit performance
“If you inject leverage into the equation, And your deposits, for example, can disappear for a reason, as we saw in the regional banking crisis last year, and you have assets that are not short-term and liquid, then you can create a mismatch there, maturity mis…”
Masters: Current data encryption is trivially defeatable by commercial quantum computers
“We're encrypting data using Linear algorithms that are trivially defeatable with commercially viable quantum computers.”
Masters: J.P. Morgan lagged peers in 2001 due to retained credit exposures
“JP Morgan did not come out of 2001 covered in glory. JP Morgan came out of 2001 very much at the bottom of the pack. And the reason for that had to do with the extent of the retained credit positions in leverage and high-yield credits and associated Private eq…”