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 6 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
Coogan: Goldman Sachs Lost $1B on Apple Card and $3B on Consumer Banking
“Goldman is like, we got to get this off our balance sheet. They've already lost a billion dollars. Their consumer bank overall, which includes Marcus has lost three billion.”
Coogan: JPMorgan Is Buying $20B Apple Card Debt at $1B Discount
“There's a little bit of both the twenty billion dollar card balances. That's trading JP Morgan's acquiring that at a one billion dollar discount instead of an eight percent premium, you would expect that they would pay 21.6. They're actually paying 19 for this…”
Coogan: Apple required all Apple Card statements to generate on month's first
“And that's not rocket science, but Apple also wanted another consumer friendly feature. They wanted all of the bills to drop on the first of the month, every month. And normally credit cards will stagger it out.”
Coogan: Apple Card Launched With a Credit Score Requirement Around 600
“Apple, when they launched the original card, they actually set the credit score requirement fairly low. And even though it launched in 2019, It felt like a holdover from the Jobs era, that Jobs philosophy of even though we're Apple, even though it's, it feels,…”