There is so much risk in private credit. Just seems like this is more of a thing this cycle. We just got taken out of a bankrupt entity debt by private credit lender in full. Default interest included btw 🤑

Overvaluation is everywhere. Unless your LTV is under 60%, you have a loss right now if you had to liquidate.

For my Coinbase people, what do you actually get as rewards?? More coins? Discount on fees?

If you want to know how ridiculous a core provider can be, Jack Henry wants to charge us $550 to add a “how did you hear about us ?” Section on our website.

Looked at a hotel participation loan yesterday. Great location and solid property. The lead bank is keeping 23% of their capital worth in the loan which is nuts given that the project DSCR is a 1.15x at prime -50bps. I passed on the deal.

So many mispriced CRE loans out there right now. Bid on a large retail center 1.20x DSCR project specific, low grade tenants, no A credit tenants at all, and weak guarantors. They ended up getting 6.50%.

Always enjoyable to see developers that are total frauds finally go belly up. This guy had built a 7,000 sq ft house recently, giant pool, modern, flying on private jets with retired golfing legends (who is also broke). One of his major projects now being foreclosed on and will

Big news if they ever pull this off. Doesn’t seem like great timing with housing barely alive.

Finding talent and delegating is everything in business. You can’t do it all yourself.

Interesting 🤔

Credit problems are bubbling up to surface. I see them in our book and I’m hearing about them more and more. Q4 going to get interesting.

All states should do this for their community banks.

All I think about is DMX when I see RoughRiders!!

Every banker I talk to is concerned about rates running away from the Fed if they cut too aggressively. That is the consensus and we all know rates never react the way people think.

CDFIs are dead and I imagine states will follow suit on their programs as well. Hope everyone underwrote their tax credit deals well. bankingjournal.aba.com/2025/10/report…

Hallelujah!

I support the Hagerty bill bc something is better than nothing. Every bank not a GSIB is at risk given their guarantee. If you want the perfect bill, it won’t ever exist. Lowering capital standards, upping insurance protection sounds good to me.

Private credit is something different this time. It slowed the impact of problems bc there was so much money out there trying to find yield. Seems like chickens coming home to roost.

Catching up to this. They are literally gutting banks from the back. Payment gateways lead to deposit accounts, deposit accounts lead to suffering. -Banking Yoda