#bank management

[fnord888]

Patrick McKenzie writes about his (positive) experiences with a First Republic personal line of credit and his conclusion is

It has been quite popular for various parties to point the fingers at bank management teams, saying that impressively impecunious operation of the core business of banking is the proximate cause for the crisis. The crisis is caused by the pace of change in interest rates. Everything else is commentary.

Whereas my takeaway from that story is almost the exact opposite.

The positive aspects of the story are all about, like, having underwriting flexible enough to deal with his weird situation. So while it now doubt helped that the credit line has a seven* year fixed (low) rate, that's not really the core (or socially valuable) selling point of the service. But of course it's interest rates that killed First Republic.

McKenzie goes on at some length about their very low default rate for those products**, despite taking on people in weird situations like his. But that's the whole problem: banks were pricing in credit risk but not interest rate risk.

Maybe it wouldn't have mattered. The size of line of credit portfolio is dwarfed by the mortgage portfolio, and that's a business where it's much harder to deal with interest rate risk while remaining competitive.

But the story here still seems to me to be a story of bank management essentially not caring about interest rate risk.

*Really nine years, because there's a two year "draw period" before the payback period even begins.

**Although, as an aside, those rates were for a loan targeted at "young professionals" during the tech boom. Credit risk may have risen in the new era of tech layoffs.

[rottengurlz]

she’s like if the virgin mary smoked a pack of pall malls every day 🚬

[notnights]

Youtube automatically age-restricted this. og

[lilllybones]

some lads...

[fanfiction-obsession]

Major Monogram from Phineas and Ferb is a fascinating accidental example of unjust biases stemming from ignorance and laziness instead of intentional harm in the ‘species-ism’ that is a root of injustice in the PnF universe. In this essay I will

[bmpmp3]

based off this video. i think teto is a union man

[icewindandboringhorror]

HAPPY 16TH BIRTHDAY!!! To this elderly bapy boye!!! he...!!!

[songjay-ay]

im about to slutshame him

[notbecauseofvictories]

It's heartening sometimes to realize how incredibly ordinary historical figures looked. If you watch a bunch of period dramas, you come away thinking that history was made exclusively by shockingly attractive people---when actually, famous poets with burnished names look more like Jim, The Local Bank Manager; artists who broke the mold wouldn't look out of place scrolling through their phone on the subway. You could walk past the absurdly wealthy doyennes of society in the grocery store and never give them a second glance.

[insanityclause]

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[strawbebbiesart]

june/ july / august 💌🥪🦢

[relaxedstyles]

[annabelle--cane]

people like to give callum brodie to jon and martin as an adopted son, which is valid and fun, but oliver and annabelle also have very ambiguous fates so I like to imagine them as britain's worst found family. famously good liar annabelle dragging famously bad liar oliver into a parent-teacher conference where they pretend to be married so they can talk to a school principal about why their "son" keeps meddling with building's fuse box whenever he's stressed.

[radishkun]

Rereading Volume 18, Hanako's confession of wanting Yashiro to live the life he gave her, the life he made possible for her, is his admittance to the fact that while he can't make a life with her, share a future with her, then at bare minimum he'll be the only one to save her and give her a life to live, a future she can grow old in. It's always going to be a poor imitation, a cheap concession, of what Hanako and Yashiro want actually between them, but he's reasoned so far that it's the closest he'll get to being with her, getting to have her.

He's dead, and he's a murderer, so what if she forgets him, so what if she ends up hating him, it doesn't matter what happens to him as long as she gets to live (caught between the double-edged sword of want+ love and self hatred=self denial).

He'll do whatever he can to be the one to at least give her a life, if he can't share a life with her, because he loves her that much.

It's definitely possessive, and kinda selfish, because Hanako explicitly states that no one else should be able to give her a life, a future—but if that isn't a rather sincere, nakedly honest confession to loving-loving someone. I can't grow old with you, I can't be with you forever, so I'll compromise, I'll take what I can get and what I can give: I'll make sure that I'll be the only one to make sure you get to at least have a life and a future that I made possible for you.

[busterbby]

— little acts of love.

fluff. gn!reader. hcs. ichiro, jiro.

note: i swear i love my boy sabu, and i love writing for him, trust. he’ll come soon enough!! (also if you can tell my bias, no you can't)

Ichiro . . . is always doing the most for you. the little things you wont realize at first

letting you have a bite of his food out on dates, having you taste test dinner to make sure it’s to your liking. he drapes a blanket over you too, each time he sees you’ve knocked out on the couch after a long day. he won’t disturb you, but when you wake up, you see that there’s already food for you on the table

(or draping you with his jacket.. omg)

he seems to have a ‘sixth sense.’ always making your favorite dinners on the days you just so happen to have it rough or doing the certain chores you absolutely despise

“it’s cold outside. make sure to wear a jacket.”

and he’d even button it up for you! helps you put on your jacket and zips it all the way up so that you’re all warm and cozy. sometimes he’d lend you his coat too, if your jacket ever wasn’t warm enough for you

(he brushes the hair out of your face too, and there’s just.. the loveliest smile. softest eyes. and his callused fingers are so delicate with you too, as if you’d break at the slightest wrong touch)

he gives you his gloves too so that your hands don’t freeze, and don’t worry about him! ichiro would grin; he’s got another pair he’ll use when doing his odd jobs. but you can see the frostbites and cracks that mark up him hands from all the previous days’ work

(he’s always working so hard, for you and his bros)

they’re so big on you — don’t fit perfect like a glove should. but they’re just so warm. and of course, they’re gloves after all, but it’s just so.. reminiscent of Ichiro. the exact same warmth when he gently holds your hands, the exact same butterflies in your chest. it’s that reassuring sort of warmth that eases your heart and lets you know that everything will be ok

ruffles your hair, a lot,,

it’s just a small habit he’s picked up after doing it to jiro and saburo for so long.

but every time he’ll ruffle your hair, because he’s just so proud of you, whether it’s because you did well on a test or you got that promotion or anything.

sure, he messes up your hair, and his hands are so heavy albeit in a good way. there’s just butterflies in your stomach and nice comforting warmth..

“good job babe! i knew you could do it!” he’d beam so confidently because ichi always did have the utmost faith in you, even if you didn’t

and when he shoots you that adoring smile.. badump.

it’s like another cupid’s shot right through the heart, another time you’ve fallen in love; you just want to continue making him proud right then and there (though you always do, no matter what)

honestly honestly, you see why Jiro and Saburo are always (not so) discreetly asking for head ruffles for even the tiniest job well done

he always will peel a small plate of fruit for you,,

whenever you’re busy studying or perhaps working on projects that never seem to end, Ichiro will always come on with a plate of your favorite fruits. he sets it down, gives you a warm, tiny smile and the sweetest “good luck” oozes from his lips. sweeter than the fruits

it’s the brotherly instinct in him, really. he loves looking after you and his bros; it’s nothing, really.

gahh he’s too cute

a plate of perfectly peeled oranges and pears, heart strawberries, and apple rabbits. they’re so juicy and ripe and perfect for snacking, sweeter because ichiro peeled them for you

(rabbit apples always did taste better than regular slices)

and the scent of citrus lingers from his fingertips, when Ichiro cups your cheeks and leans down to kiss you sweet. you can smell the oranges and clementines when he’s this close, taste them from his lips

and perhaps they’re sweetest right from ichiro himself..

Jiro . . . is thinking of you, always

telling his friends about how amazing you were or maybe playing the guitar, wondering if you’d like this melody he’d just made (though if he thinks of you too much, he’d strike a wrong chord. with the prettiest blush too and flustered heart..)

he’s always sending you crude memes he thinks you’d find funny or songs he listens to and thinks of you, almost immediately

not that jiro is trying to. his heart is just so big and full, and you’re always on the back of his instinctively. did you eat today, you’ve probably got the math homework all figured out by now ; he doesn’t realize just how sweet he can be

but when you see that text from your boyfriend and the little ‘reminds me of you’, well.. your heart can’t help but skip a beat. and you think you might have the greatest boyfriend, ever

also lots of little touches too

loves to rest his chin on your shoulder. arms lazily wrapped around your waist, lazy lopsided grin as he watches you scroll through your phone or mayhaps just watching tv

it’s lazy, it’s cute. Jiro is happy as long as he has you

just.. lazy cuddling. lots and lots of it, especially when the two of you have an at-home date or are just lounging in his room (his favorite way to cuddle maybe?)

and he’ll nestle himself into the crook of your neck, hum absentmindedly; his feathered hair grazes your skin, hot breaths tickle. just very.. intimate — a nice slow date

( imagine,, sometimes he’ll turn his cheek and give your neck a sweet little kiss. really soft, really light — it’s almost ticklish )

he’s a bit too touch-affectionate ; it’s his love language! whether it’s loosely holding hands or just having you close. it’s how he connects his heart to yours..

and he always makes it a habit to follow the sidewalk rule. to hold your hand and keep you close, away from traffic and sprinting across crossroads. he just cannot allow you to walk near the side of the road, ever. it’s too dangerous!

(note: irumi probably jokingly told him about it one day, teasing that she sure hopes jiro wasn’t making you walk on the same side of the road. oh poor jiro, she tuts shaking her head at a cutely, hopelessly lost jiro. hasn’t he heard? you’re not supposed to make the one you love walk on the same side as the cars!

unfortunately, he didn’t pick up on the sarcasm, and from then on, he’s never let you walk on that side of the road ever again. )

if you were, he gets on his nerves; shit, what if a car suddenly swerves and hits you? what if the dirty rainwater from the other day splashes all over you?? the thoughts make him jolt and get all antsy

and before you know it, he grabs your wrist and switches places with you. which is strange, when you eventually notice that he’s always trying to walk on the side of the road

but it’s so.. cute, when you first realize why. yes, it’s not real, and yes, saburo has probably made called him a dumbass, a idiot, all sorts of names in the book, for even believing in that shit, but he doesn’t care. because what if. It’s just so sweet.

it’s.. it’s the little things, ok? even if, hypothetically, a car were to swerve onto the sidewalk, the both of you would get hit. but it’s the thought, really. Jiro wouldn’t hesitate to sacrifice himself for you

he always always always gives you an extra kiss or two, or five, before he drops you off after a date

standing at your door, he gets a bit of frozen feet and a thick gulp in his throat because he doesn’t want to leave just yet. his hands are still in yours, loose, but he can’t let go..

he’d lean over and give you a ‘goodbye’ kiss just before you open your door. and he’d give your hands one last tight squeeze, pulling back with those

buttt he goes back in for another one, and then one more too, because it’s just so addictive.

(I also like to think that he’d just love kisses)

“one more!!” he says, before grabbing your shoulders and giving you another sloppy, sweet kiss. but it’s been six ‘one more’s, and your lips are starting to go numb. he doesn’t want to go back home just yet

because that would mean the date would end, and jiro can’t leave you yet!!

(he will probably text you again back home though, as if he hadn’t already been with you for so long. But he can never get enough of you)

stands outside the door and makes sure you got into your house safe and sound before he leaves!! he’ll even wave at you when you peek through the window, with the warmest grin,,

honestly honestly, he’s just a very kind and sweet boyfriend!! with the biggest heart that he wears on his sleeve.

[nessa007]

it’s funny seeing the alleged drama between two certain outer banks cast members who refused to film scenes together in the recent season, meanwhile back in the day you had stana katic and nathan fillion, who apparently loathed each other irl, still having insane chemistry while playing an onscreen couple on castle and chad michael murray and sophia bush were going through a literal divorce irl while playing an onscreen couple going through a tough breakup on one tree hill

these actors showed up and did their job and did it well