Conversation

As a small fintech, we have capital requirements imposed on us. We have to leave millions of dollars with regulators just in case we blow up and they have to take on the cost of winding down our business. So, why is "2B2F critical infrastructure" allowed to run with 0 reserves?

160

5:53 AM · Mar 19, 2020Twitter Web App

I get that if the government forces you to stop doing business while you continue to incur costs, some support can be expected if the government cares to keep the business alive. But that's not everybody. Lots are dying because of reduced demand and margins/reserves being too low

Replying to

Why not let them tokenize *something* (debt, assets, profit sharing, public loan) on a platform like yours?

Replying to

They know the gov will bail them out though. They have no incentive to act responsibly.

Replying to

I don't support the bailouts but name me the institutional investor who would buy the new offering but won't buy in the market?

If they're not buying in the market, the price isn't low enough. The price isn't low enough because the company is not selling shares to finance itself. In fact, it may be buying back shares while they're "cheap", expecting bailout. Dilute by 50%, drop price until you hit bids.

Show replies

This Tweet is from a suspended account. Learn more

If you manage to pull off the scam and get the bailout, you're golden. If you're too big to fail, you can go totally nuts, take super risky short-term bets because the downside will always and forevermore be absorbed by the taxpayer. Seems like a stock that can't lose.

Show replies

Thick skin, soft touch

@skanz0

Replying to