US regulators and their useles

5
Comment
Favorite

SmartHunter
2023-03-15

US regulators and their useless outdated financial regulations should be destroyed. What a waste of salary pying them for jackshit jobs.

Cathie Wood Gets Elon Musk's Nod After Slamming Regulatory Failure Over Banking Crisis: “Lot Of ... Similarities To 1929”

ZINGER KEY POINTSWood asserted that the regulators should have been all over the crisis that was loo

Cathie Wood Gets Elon Musk's Nod After Slamming Regulatory Failure Over Banking Crisis: “Lot Of ... Similarities To 1929”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9949709289,"tweetId":"9949709289","gmtCreate":1678866915742,"gmtModify":1678867012454,"author":{"id":3586907191866715,"authorId":3586907191866715,"authorIdStr":"3586907191866715","name":"SmartHunter","avatar":"https://static.tigerbbs.com/69402f0b380884d842e640f724fb7467","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-3","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 20%","bigImgUrl":"https://community-static.tradeup.com/news/1ece4391160b811e6f36b1eea9eb6ea4","smallImgUrl":"https://community-static.tradeup.com/news/7d7540817554a583ac3bf85dea074a4a","grayImgUrl":"https://community-static.tradeup.com/news/8c5460a7cc80dd22560efa26813d947d","redirectLinkEnabled":1,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.18","individualDisplayEnabled":0},"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>US regulators and their useless outdated financial regulations should be destroyed. What a waste of salary pying them for jackshit jobs.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>US regulators and their useless outdated financial regulations should be destroyed. What a waste of salary pying them for jackshit jobs.&nbsp;</p></body></html>","text":"US regulators and their useless outdated financial regulations should be destroyed. What a waste of salary pying them for jackshit jobs.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9949709289","repostId":1112338694,"repostType":2,"repost":{"id":"1112338694","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1678862134,"share":"https://www.laohu8.com/m/news/1112338694?lang=&edition=full","pubTime":"2023-03-15 14:35","market":"us","language":"en","title":"Cathie Wood Gets Elon Musk's Nod After Slamming Regulatory Failure Over Banking Crisis: “Lot Of ... Similarities To 1929”","url":"https://stock-news.laohu8.com/highlight/detail?id=1112338694","media":"Benzinga","summary":"ZINGER KEY POINTSWood asserted that the regulators should have been all over the crisis that was loo","content":"<html><head></head><body><p>ZINGER KEY POINTS</p><ul><li>Wood asserted that the regulators should have been all over the crisis that was looming in plain sight.</li><li>Instability in the banking system threatened stablecoins, she said.</li><li>Musk agreed saying there were lot of similarities between the current crisis and the year 1929 when the Great Depression started.</li></ul><p>ARK Investment Management CEO Cathie Wood believes regulators should have focussed on the opaque failure points of the traditional banking system rather than blocking decentralized financial platforms “that do not have any central points of failure.”</p><p>Wood&#39;s comments come at a time when the U.S. banking system is witnessing a crisis following the closure of Silicon Valley Bank and Signature Bank that sparked fears of contagion. However, cryptocurrencies have relatively done way better in the last five days of panic, with Bitcoin BTC/USD rising over 23% and Ethereum ETH/USD gaining over 20%.</p><p>&#34;While the U.S. banking system was seizing up in response to bank runs threatening regional banks, Bitcoin, Ethereum, and other crypto networks didn&#39;t skip a beat. Instability in the banking system threatened stablecoins, the on-ramps to DeFi, in stark contrast to regulator rhetoric,&#34; Wood said in her tweet.</p><p>Regulator&#39;s Role: She cited ARK researcher Frank Downing&#39;s tweet that said despite the USD Coin USDC/USD de-pegging from the dollar, &#34;the Maker protocol remained over-collateralized and fully operational through the weekend.&#34;</p><p>&#34;DAI in circulation is up $1 billion (+25%). Demand for more transparent, more auditable, and more decentralized financial services has never been higher,&#34; Downing tweeted.</p><p>Wood asserted that the regulators should have been all over the crisis that was looming in plain sight. &#34;…asset and liability duration mismatches as short rates soared 19-fold in less than a year and deposits in the banking system were falling on a year-over-year basis for the first time since the 1920s!&#34; she said.</p><p>Musk&#39;s View: Tesla Chief Elon Musk voiced his opinion on Wood&#39;s take on the crisis. Musk agreed, saying there were a lot of similarities between the current year and 1929 when the Great Depression started.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Gets Elon Musk's Nod After Slamming Regulatory Failure Over Banking Crisis: “Lot Of ... Similarities To 1929”</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Gets Elon Musk's Nod After Slamming Regulatory Failure Over Banking Crisis: “Lot Of ... Similarities To 1929”\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2023-03-15 14:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>ZINGER KEY POINTS</p><ul><li>Wood asserted that the regulators should have been all over the crisis that was looming in plain sight.</li><li>Instability in the banking system threatened stablecoins, she said.</li><li>Musk agreed saying there were lot of similarities between the current crisis and the year 1929 when the Great Depression started.</li></ul><p>ARK Investment Management CEO Cathie Wood believes regulators should have focussed on the opaque failure points of the traditional banking system rather than blocking decentralized financial platforms “that do not have any central points of failure.”</p><p>Wood&#39;s comments come at a time when the U.S. banking system is witnessing a crisis following the closure of Silicon Valley Bank and Signature Bank that sparked fears of contagion. However, cryptocurrencies have relatively done way better in the last five days of panic, with Bitcoin BTC/USD rising over 23% and Ethereum ETH/USD gaining over 20%.</p><p>&#34;While the U.S. banking system was seizing up in response to bank runs threatening regional banks, Bitcoin, Ethereum, and other crypto networks didn&#39;t skip a beat. Instability in the banking system threatened stablecoins, the on-ramps to DeFi, in stark contrast to regulator rhetoric,&#34; Wood said in her tweet.</p><p>Regulator&#39;s Role: She cited ARK researcher Frank Downing&#39;s tweet that said despite the USD Coin USDC/USD de-pegging from the dollar, &#34;the Maker protocol remained over-collateralized and fully operational through the weekend.&#34;</p><p>&#34;DAI in circulation is up $1 billion (+25%). Demand for more transparent, more auditable, and more decentralized financial services has never been higher,&#34; Downing tweeted.</p><p>Wood asserted that the regulators should have been all over the crisis that was looming in plain sight. &#34;…asset and liability duration mismatches as short rates soared 19-fold in less than a year and deposits in the banking system were falling on a year-over-year basis for the first time since the 1920s!&#34; she said.</p><p>Musk&#39;s View: Tesla Chief Elon Musk voiced his opinion on Wood&#39;s take on the crisis. Musk agreed, saying there were a lot of similarities between the current year and 1929 when the Great Depression started.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112338694","content_text":"ZINGER KEY POINTSWood asserted that the regulators should have been all over the crisis that was looming in plain sight.Instability in the banking system threatened stablecoins, she said.Musk agreed saying there were lot of similarities between the current crisis and the year 1929 when the Great Depression started.ARK Investment Management CEO Cathie Wood believes regulators should have focussed on the opaque failure points of the traditional banking system rather than blocking decentralized financial platforms “that do not have any central points of failure.”Wood's comments come at a time when the U.S. banking system is witnessing a crisis following the closure of Silicon Valley Bank and Signature Bank that sparked fears of contagion. However, cryptocurrencies have relatively done way better in the last five days of panic, with Bitcoin BTC/USD rising over 23% and Ethereum ETH/USD gaining over 20%.\"While the U.S. banking system was seizing up in response to bank runs threatening regional banks, Bitcoin, Ethereum, and other crypto networks didn't skip a beat. Instability in the banking system threatened stablecoins, the on-ramps to DeFi, in stark contrast to regulator rhetoric,\" Wood said in her tweet.Regulator's Role: She cited ARK researcher Frank Downing's tweet that said despite the USD Coin USDC/USD de-pegging from the dollar, \"the Maker protocol remained over-collateralized and fully operational through the weekend.\"\"DAI in circulation is up $1 billion (+25%). Demand for more transparent, more auditable, and more decentralized financial services has never been higher,\" Downing tweeted.Wood asserted that the regulators should have been all over the crisis that was looming in plain sight. \"…asset and liability duration mismatches as short rates soared 19-fold in less than a year and deposits in the banking system were falling on a year-over-year basis for the first time since the 1920s!\" she said.Musk's View: Tesla Chief Elon Musk voiced his opinion on Wood's take on the crisis. Musk agreed, saying there were a lot of similarities between the current year and 1929 when the Great Depression started.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":116,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}