OK -- So @ampressman is helping me walk through Square MCA business. And MCAs are an old business that Square does seem to be doing better.
@jameswester @ampressman James, MCA is a very, very tricky business where by the premise for the advance is the interesting element.
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@BrianRoemmele@ampressman Square off-loading it (along with risk) is fascinating.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@BrianRoemmele@ampressman And if they can show their data makes for less risk--meaning, a better product--the portfolio is more attractive. -
@jameswester@BrianRoemmele does square disclose how much of the $300 mln they securitized? B/c the $5 mln reserve only for what they retain - 2 more replies
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@BrianRoemmele@jameswester Loan loss reserves, very tricky. Who remembers this one http://articles.latimes.com/1989-09-21/business/fi-1023_1_loan-loss-reserves … -
@ampressman@BrianRoemmele All of this happening in a context of 0% interest where investors are trying to find any return.
End of conversation
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